Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY pulls back to familiar territory near 182.00 following Tuesday's UK PMI miss. Pivot: 182.31 Analysis: As long as the price is above 181.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 182.31 Take profit 1: 184.00 Take Profit 2: 185.50 Alternative scenario: If the level of 181.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD risks a deeper pullback – UOB. NZD/USD,D1 Pivot: 0.5860 Analysis: While the price is below 0.5970, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5860 Take Profit 1: 0.5800 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 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: The Euro returns to the fore, 1.07 the next challenge. EUR/USD,D1 Pivot: 1.0682 Analysis: While the price is below 1.0600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0682 Take Profit 1: 1.0730 Take Profit 2: 1.0830 Alternative scenario: If level 1.0600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD holds above the 1.3700 area, investors await the BoC rate decision. Pivot: 1.3711 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3711 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If level 1.3500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3500 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD recovers its recent losses above 0.6300 ahead of the Australian PMI. AUD/USD,D1 Pivot: 0.6314 Analysis: Provided that the currency pair is below 0.6500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6314 Take Profit 1: 0.6250 Take Profit 2: 0.6150 Alternative scenario: In case level 0.6500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
