Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY buyers keep the reins for the fifth consecutive day as the cross-currency pair makes rounds to a one-week high surrounding 166.15-20 during early Wednesday. GBP/JPY,D1 Pivot: 166.35 Analysis: As long as the price is above 164.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.35 Take profit 1: 169.00 Take Profit 2: 172.00 Alternative scenario: If the level of 164.50 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: Further weakness should not be ruled out – UOB. NZD/USD,D1 Pivot: 0.6228 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6228 Take Profit 1: 0.6385 Take Profit 2: 0.6460 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....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD approaches 1.0900 amid upbeat market mood ahead of US Inflation. EUR/USD,D1 Pivot: 1.0890 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0890 Take Profit 1: 1.1000 Take Profit 2: 1.1100 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is making efforts in shifting business above the immediate resistance of 1.3520 in the Asian session. The Loonie asset is gaining traction as investors are awaiting the release of the United States inflation figures and the interest rate decision by the Bank of Canada (BoC), which will release on Wednesday. Pivot: 1.3509 Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD sticks to minor losses around 0.6670, despite recently bouncing off the intraday low, as bears lack influencers amid the Easter Monday holiday. In doing so, the Aussie pair fails to justify the escalating geopolitical tension between the US and China. AUD/USD,D1 Pivot: 0.6656 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6656 Take Profit 1: 0....
