Source: PaxForex Premium Analytics Portal, Technical Insight Japan: BoJ “normalization” to start in a gradual fashion – UOB Group. GBP/JPY,D1 Pivot: 169.90 Analysis: As long as the price is above 166.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.90 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...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD faces further side-lined trade – UOB Group. NZD/USD,D1 Pivot: 0.6195 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6195 Take Profit 1: 0.6290 Take Profit 2: 0.6385 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below:: Time frame: D1 Recommendation: short position Entry point: 0.6130 Take Profit 1: 0.6070...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD has resumed its upside journey towards the psychological resistance of 1.1000 in the early European session. The major currency pair is showing resilience after recovery as the US Dollar Index (DXY) has retreated from 102.10. EUR/USD,D1 Pivot: 1.0989 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0989 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD buyers struggle to keep the first daily gains in three as the quote retreats to 1.3550 heading into Monday’s European session. In doing so, the Loonie pair fades bounce off the convergence of the 100-bar and 200-bar Exponential Moving Averages (EMAs). Pivot: 1.3555 Analysis: While the price is below 1.3635, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3555 Take Profit 1: 1.3300 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD aims to surpass 0.6640 ahead of Fed/RBA policy, US ISM PMI in focus. AUD/USD,D1 Pivot: 0.6634 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6634 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...
