Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY consolidates at around the 183.60s area after hitting a year-to-date (YTD) high of 183.90, shy of hitting the 184.00 mark. On Tuesday, the GBP/JPY finished the session around 183.59, nearby its open price, forming a doji. GBP/JPY,D1 Pivot: 183.77 Analysis: As long as the price is above 180.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 183.77 Take profit 1: 184.50 Take Profit 2: 186.00...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD sticks to modest intraday gains above mid-0.6100s, the upside seems limited. NZD/USD,D1 Pivot: 0.6147 Analysis: While the price is above 0.6115, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6147 Take Profit 1: 0.6240 Take Profit 2: 0.6300 Alternative scenario: If level 0.6115 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD floats above 1.0870-65 support confluence as softer US data prods hawkish Fed bias. EUR/USD,D1 Pivot: 1.0897 Analysis: While the price is above 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0897 Take Profit 1: 1.0970 Take Profit 2: 1.1060 Alternative scenario: If level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD seesaws near 1.3250, the downside appears more impulsive. Pivot: 1.3254 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3254 Take Profit 1: 1.3075 Take Profit 2: 1.2900 Alternative scenario: If level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3475 Take Profit 1: 1.3670 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD bulls keep eyes on 0.6700 as RBA, Fed Minutes and US NFP loom. AUD/USD,D1 Pivot: 0.6662 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6662 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
