Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY rises for the seventh consecutive day on Tuesday, it is now close to the key September 2 high at 193.49. Pivot: 191.93 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 191.93 Take profit 1: 194.00 Take Profit 2: 197.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair, which rose to 0.6270 in Monday's session, has broken out of a sideways range that had been in place for the past seven sessions. NZD/USD,D1 Pivot: 0.6262 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6262 Take Profit 1: 0.6350 Take Profit 2: 0.6450 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD eases back after a misfire in EU PMI figures. EUR/USD,D1 Pivot: 1.1108 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1108 Take Profit 1: 1.1250 Take Profit 2: 1.1350 Alternative scenario: If level 1.1000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1000 Take Profit 1: 1.0900...
Source: PaxForex Premium Analytics Portal, Technical Insight Growing speculation for more interest rate cuts by the Bank of Canada (BoC) will pressure the Canadian Dollar (CAD). Pivot: 1.3558 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3558 Take Profit 1: 1.3700 Take Profit 2: 1.3800 Alternative scenario: If level 1.3500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades with mild losses near 0.6800, eyes on US PMI data. AUD/USD,D1 Pivot: 0.6803 Analysis: Provided that the currency pair is above 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6803 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Alternative scenario: In case level 0.6700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
