Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY slides below 192.00 to hit a fresh daily low, downside potential seems limited. Pivot: 190.62 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 190.62 Take profit 1: 194.00 Take Profit 2: 197.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD weakens below 0.6350 on US Dollar recovery, eyes on US PMI data. NZD/USD,D1 Pivot: 0.6348 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6348 Take Profit 1: 0.6450 Take Profit 2: 0.6550 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6200 Take Profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD churns in familiar territory ahead of EU inflation print. EUR/USD,D1 Pivot: 1.1134 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1134 Take Profit 1: 1.1250 Take Profit 2: 1.1350 Alternative scenario: If level 1.1000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1000 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD struggles for a firm intraday direction, consolidates above 1.3500 mark. Pivot: 1.3509 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3509 Take Profit 1: 1.3700 Take Profit 2: 1.3800 Alternative scenario: If level 1.3500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3500 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds positive ground above 0.6900 ahead of Chinese PMI data. AUD/USD,D1 Pivot: 0.6912 Analysis: Provided that the currency pair is above 0.6800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6912 Take Profit 1: 0.7000 Take Profit 2: 0.7100 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
