Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY retreats towards 170.00 on strong Japan GDP, BoE’s Bailey eyed. GBP/JPY,D1 Pivot: 170.55 Analysis: As long as the price is above 166.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.55 Take profit 1: 172.00 Take Profit 2: 174.00 Alternative scenario: If the level of 166.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair has dropped below 0.6250 as the National Bureau of Statistics of China has reported weaker-than-anticipated annual Retail Sales (April) data.. NZD/USD,D1 Pivot: 0.6244 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6244 Take Profit 1: 0.6385 Take Profit 2: 0.6500 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD bulls eye 1.0900 amid US default woes ahead of Eurozone GDP, US Retail Sales. EUR/USD,D1 Pivot: 1.0878 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0878 Take Profit 1: 1.0930 Take Profit 2: 1.1000 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD seesaws near mid-1.3500s as Oil bears prod $70.00, Canada inflation, Fed’s Powell eyed. Pivot: 1.3535 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3535 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Alternative scenario: If the level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD seems vulnerable above 0.6640 ahead of RBA minutes and US Retail Sales. AUD/USD,D1 Pivot: 0.6674 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6674 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case the level 0.6800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
