Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY sits near a multi-year high, above the 188.00 mark ahead of UK inflation figures. Pivot: 187.91 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 187.91 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 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD extends losses near 0.5870, focus on US data. NZD/USD,D1 Pivot: 0.5870 Analysis: While the price is below 0.5970, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5870 Take Profit 1: 0.5770 Take Profit 2: 0.5700 Alternative scenario: If level 0.5900 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5900 Take Profit 1: 0.6050...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair oscillates around 1.0695–1.0755 in a narrow trading band during the early European session on Tuesday. Traders prefer to wait on the sidelines ahead of key data from the Eurozone and the US. EUR/USD,D1 Pivot: 1.0701 Analysis: While the price is above 1.0500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0701 Take Profit 1: 1.0730 Take Profit 2: 1.0830 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD maintains its position above 1.3800 as Crude oil prices retreat. Pivot: 1.3808 Analysis: While the price is above 1.3650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3808 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3650 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains on the defensive above 0.6350, focus is now on US CPI data. AUD/USD,D1 Pivot: 0.6365 Analysis: Provided that the currency pair is above 0.6300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6365 Take Profit 1: 0.6600 Take Profit 2: 0.6700 Alternative scenario: In case level 0.6300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long ...
