Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY has plunged from a weekly high of just under 168.000 to just under 166.000 at the time of writing as risk-averse trades take over the market. The pair did bottom out at 165.400 before a slight rebound with support appearing at 165.550. GBP/JPY,D1 Pivot: 166.05 Analysis: As long as the price is above 164.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.05 Take profit 1: 169.00 Take Profit 2:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD recovered nicely from 0.6083 but it's in three waves after recent rejection down from 0.6390 resistance. NZD/USD,D1 Pivot: 0.6165 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6165 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD could climb towards the 1.1120 level – UOB Group. EUR/USD,D1 Pivot: 1.1047 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1047 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0750 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD gathers strength for a break above 1.3550 despite subdued USD Index Pivot: 1.3556 Analysis: While the price is below 1.3635, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3556 Take Profit 1: 1.3300 Take Profit 2: 1.3200 Alternative scenario: If the level 1.3635 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3635 Take Profit 1: 1.3800...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD drifts lower for the second successive day on Monday and drops to a one-and-half-week low, around the 0.6675 region during the Asian session. AUD/USD,D1 Pivot: 0.6670 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6670 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case the level 0.6800 is broken-out, follow...
