Source: PaxForex Premium Analytics Portal, Technical Insight The dovish outlook of the RBNZ weighs on the Kiwi. NZD/CAD,D1 Pivot: 0.8369 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8369 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300...
Source: PaxForex Premium Analytics Portal, Technical Insight Expectations for more aggressive BoE policy easing undermine the GBP. Pivot: 1.7909 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7909 Take Profit 1: 1.8000 Take Profit 2: 1.8100 Alternative scenario: If level 1.7700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7700 Take profit 1: 1.7600...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR continues to be weighed down by growing acceptance that the ECB will lower borrowing costs by 25 bps at each of the two policy meetings by the year-end. EUR/CAD,D1 Pivot: 1.4997 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4997 Take Profit 1: 1.5200 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4900 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY pulls back just before almost reaching the top of a medium-term range. EUR/JPY,D1 Pivot: 162.73 Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.73 Take Profit 1: 165.00 Take Profit 2: 167.00 Alternative scenario: If the level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY climbs back into positive territory after Japanese wage data misses estimates. Pivot: 194.23 Analysis: As long as the price is above 190.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 194.23 Take profit 1: 197.00 Take Profit 2: 199.00 Alternative scenario: If the level of 190.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
