Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY mildly offered below 186.00 on upbeat Japan data, a pullback in yields ahead of the UK PMI. Pivot: 185.70 Analysis: As long as the price is above 184.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 185.70 Take profit 1: 187.00 Take Profit 2: 189.00 Alternative scenario: If the level of 184.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD treads water around 0.5930 as US bond yields hits its highest since 2007. NZD/USD,D1 Pivot: 0.5934 Analysis: While the price is below 0.6120, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5934 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6120 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD trades with a positive bias above the 1.0900 mark amid modest USD weakness. EUR/USD,D1 Pivot: 1.0909 Analysis: While the price is below 1.1000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0909 Take Profit 1: 1.0850 Take Profit 2: 1.0750 Alternative scenario: If level 1.1000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD consolidates above the 1.3500 area, Canadian Retail Sales, Jackson Hole eyed. Pivot: 1.3542 Analysis: While the price is above 1.3300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3542 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Alternative scenario: If level 1.3300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3300 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD oscillates in a narrow band around 0.6400, reacting little to PBoC's 10 bps rate cut. AUD/USD,D1 Pivot: 0.6407 Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6407 Take Profit 1: 0.6350 Take Profit 2: 0.6250 Alternative scenario: In case level 0.6600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation...
