Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY is climbing in Asia as the Yen gets sold off. The bulls are sitting in the wings looking for a discount as the following illustrates. GBP/JPY,D1 Pivot: 162.41 Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.41 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD approaches 0.6250 as USD Index resumes a downside journey. NZD/USD,D1 Pivot: 0.6227 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6227 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD clings to the consolidative theme – UOB. EUR/USD,D1 Pivot: 1.0818 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0818 Take Profit 1: 1.0875 Take Profit 2: 1.1000 Alternative scenario: If the level 1.0750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0750 Take Profit 1: 1.0700 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD pair has printed a fresh day low at 1.3725 in the Asian session. The downside move in the Loonie asset is backed by a subdued performance from DXY and rising hopes for a resumption of a policy-tightening spell by the Bank of Canada (BoC) after the release of robust Canadian Retail Sales data. Pivot: 1.3730 Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3730...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD has faced immense pressure after a gradual recovery to near 0.6660 in the early European session. The Aussie asset has sensed meaningful offers amid a recovery move by the US Dollar Index (DXY). AUD/USD,D1 Pivot: 0.6652 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6652 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: ...
