Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY retreats on Tuesday by more than 0.20%, as the Japanese Yen appreciated further against most G8 FX currencies. Pivot: 186.92 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.92 Take profit 1: 188.50 Take Profit 2: 190.00 Alternative scenario: If the level of 186.00 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD retraces recent losses, hovers around 0.6100 psychological level. NZD/USD,D1 Pivot: 0.6087 Analysis: While the price is above 0.5970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6087 Take Profit 1: 0.6150 Take Profit 2: 0.6250 Alternative scenario: If level 0.5970 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5970 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: Maybe now is the time to test the 1.10 mark – Commerzbank. EUR/USD,D1 Pivot: 1.0941 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0941 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: At risk of more losses in the weeks ahead – Scotiabank. Pivot: 1.3632 Analysis: While the price is below 1.3750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3632 Take Profit 1: 1.3570 Take Profit 2: 1.3500 Alternative scenario: If level 1.3750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3750 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight Australian Dollar gains against US Dollar, nearing the 0.6600 mark amid mixed US economic data and market optimism. AUD/USD,D1 Pivot: 0.6581 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6581 Take Profit 1: 0.6600 Take Profit 2: 0.6700 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time...
