Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY gains traction on risk-on mood, with traders eyeing BoJ Minutes, UK’s budget. GBP/JPY,D1 Pivot: 163.62 Analysis: As long as the price is above 162.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.62 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...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD sticks to mild losses near 0.6210 during the first downbeat day in three heading into Tuesday’s European session. In doing so, the Kiwi pair struggles to break the 100-bar Exponential Moving Average (EMA) amid sluggish trading hours. NZD/USD,D1 Pivot: 0.6226 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6226 Take Profit 1: 0.6290 Take Profit 2: 0.6385...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair meets with some supply during the Asian session on Tuesday and snaps a three-day winning streak to a nearly one-month high touched the previous day. EUR/USD,D1 Pivot: 1.0699 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0699 Take Profit 1: 1.0500 Take Profit 2: 1.0300 Alternative scenario: If the level 1.0750 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD stands on slippery grounds, declining nearly 0.80% intraday to 1.3720 heading into Monday’s European session. In doing so, the Loonie pair sellers cheer the broad US Dollar weakness, as well as the recent recovery in prices of Crude Oil, Canada’s key export item. Pivot: 1.3745 Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3745 Take Profit 1: 1.3800...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD bulls celebrate the biggest daily gains since early February around the 0.6665-70 hurdle during early Monday in Europe. The Aussie pair’s latest inaction could be linked to its struggle to overcome the five-week-old descending resistance line amid the broadly risk-on mood, as well as the US Dollar weakness. AUD/USD,D1 Pivot: 0.6658 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1...
