Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY eyes more downside below 164.00 despite soaring hawkish BoE bets. GBP/JPY,D1 Pivot: 164.11 Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.11 Take profit 1: 165.00 Take Profit 2: 169.00 Alternative scenario: If the level of 162.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD looks set for a smooth ride above 0.6300 ahead of RBNZ decision. NZD/USD,D1 Pivot: 0.6302 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6302 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: A sustained advance needs to clear 1.0930 – UOB. EUR/USD,D1 Pivot: 1.0891 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0891 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 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD licks its wounds around 1.3500 after refreshing the 1.5-month low early Monday. In doing so, the Loonie pair sellers take a breather after breaking the short-term key support line, now resistance, and the 100-DMA. Not only the DMA and support line break but the bearish MACD signals also keep the USD/CAD pair sellers hopeful. Pivot: 1.3521 Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD stays depressed below 0.6700 on the downbeat China Caixin Manufacturing PMI. AUD/USD,D1 Pivot: 0.6663 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6663 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...
