Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY eyes downtrend amid overbought RSI’s, ECB hawks hold back fall. EUR/JPY,D1 Pivot: 154.92 Analysis: While the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.92 Take Profit 1: 156.00 Take Profit 2: 158.00 Alternative scenario: If the level 151.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.60 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD declines towards 0.6150 as Fed to keep interest rates higher this year. NZD/USD,D1 Pivot: 0.6178 Analysis: While the price is above 0.6080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6178 Take Profit 1: 0.6200 Take Profit 2: 0.6300 Alternative scenario: If level 0.6080 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD remains on the defensive amid modest USD strength, the downside seems cushioned. EUR/USD,D1 Pivot: 1.0929 Analysis: While the price is above 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0929 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 bounces off YTD low towards 1.3250 as oil price drops, US Dollar recovers amid sluggish markets. Pivot: 1.3201 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3201 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...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD faces a tough resistance around 0.6915/40 – UOB Group. AUD/USD,D1 Pivot: 0.6855 Analysis: Provided that the currency pair is above 0.6800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6855 Take Profit 1: 0.7000 Take Profit 2: 0.7150 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
