Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY pair has sensed selling interest while attempting to extend recovery above the critical resistance of 158.00 in the Asian session. The less-confident pullback move by the Pound Sterling has been punished, and the downside journey for the cross has resumed. GBP/JPY,D1 Pivot: 158.08 Analysis: As long as the price is above 156.75 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.08 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair gains some positive traction on Tuesday and moves further away from a one-month low, around the 0.6270 region touched the previous day. Spot prices, however, trim a part of the intraday gains and retreat to the 0.6320-0.6325 area during the early European session. NZD/USD,D1 Pivot: 0.6315 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6315 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD grinds near an intraday high of 1.0743 as it bounces off a five-week-old horizontal support during early Tuesday in Europe. The major currency pair’s latest gains could also be linked to the oversold RSI (14). EUR/USD,D1 Pivot: 1.0732 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0732 Take Profit 1: 1.1000 Take Profit 2: 1.1100 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar weakened against the US Dollar on Friday and ended its run of weekly gains as the following charts will show. Pivot: 1.3403 Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3403 Take Profit 1: 1.3300 Take Profit 2: 1.3225 Alternative scenario: If the level 1.3500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD has attempted a firmer recovery after dropping to near the round-level support of 0.6900 in the early European session. The Aussie asset has scaled to near 0.6950 despite escalating tensions between the United States and China after the balloon event. AUD/USD,D1 Pivot: 0.6932 Analysis: Provided that the currency pair is above 0.6860, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6932 Take Profit 1: 0....
