Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) is looking for a break above the immediate resistance as the United Kingdom’s government looking beyond monetary tools to bring down stubborn inflation. GBP/JPY,D1 Pivot: 183.22 Analysis: As long as the price is above 177.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 183.22 Take profit 1: 184.00 Take Profit 2: 186.00 Alternative scenario: If the level of 177.50 is...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD bulls come up for air, Aussie CPI eyed for clues. NZD/USD,D1 Pivot: 0.6186 Analysis: While the price is above 0.6115, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6186 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: 0.6115 Take Profit 1: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD steadies around 1.0900 with eyes on ECB’s Lagarde, US statistics. EUR/USD,D1 Pivot: 1.0922 Analysis: While the price is above 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0922 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 point: 1.0750...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD slips below 1.3200 as US Dollar retreats ahead of US/Canada inflation, ignoring downbeat oil price. Pivot: 1.3163 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3163 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...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD climbs back closer to 0.6700 amid modest USD weakness, not out of the woods yet. AUD/USD,D1 Pivot: 0.6673 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6673 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:...
