Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY is testing fresh bull cycle highs near 174.00 but this may be the highs. GBP/JPY,D1 Pivot: 172.79 Analysis: As long as the price is above 168.00 follow the recommendations below:: Time frame: D1 Recommendation: long position Entry point: 172.79 Take profit 1: 174.00 Take Profit 2: 176.00 Alternative scenario: If the level of 168.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD prints mild gains around 0.6050 inside a bullish triangle formation portrayed at the yearly low. In doing so, the Kiwi pair justifies the RSI (14) line’s recovery from the oversold territory, as well as the bullish MACD signals, during early Tuesday NZD/USD,D1 Pivot: 0.6027 Analysis: While the price is below 0.6100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6027 Take Profit 1: 0.6000...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: A breakdown of 1.0650 appears unlikely – UOB Group. EUR/USD,D1 Pivot: 1.0686 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0686 Take Profit 1: 1.0600 Take Profit 2: 1.0500 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0750 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD remains mildly offered near 1.3600 as it defends the previous day’s U-turn from a one-month high during Monday’s sluggish Asian session, especially amid the holidays in the US. Pivot: 1.3589 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3589 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Alternative scenario: If the level 1.3475 is broken-out, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD recovery eyes 0.6550 on mild appreciation to US debt ceiling deal, focus on Aussie inflation, US NFP. AUD/USD,D1 Pivot: 0.6549 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6549 Take Profit 1: 0.6485 Take Profit 2: 0.6400 Alternative scenario: In case the level 0.6800 is broken-out, follow the recommendations below: Time frame: D1...
