Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY falls to 4-month lows around 157.40s. GBP/JPY,D1 Pivot: 156.70 Analysis: As long as the price is below 161.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 156.70 Take profit 1: 155.00 Take Profit 2: 152.65 Alternative scenario: If the level of 161.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.50 Take profit 1: 165.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair has witnessed a sell-off in the Asian session despite upbeat China’s Caixin Manufacturing PMI data. NZD/USD,D1 Pivot: 0.6323 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6323 Take Profit 1: 0.6565 Take Profit 2: 0.6800 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair has sensed buying interest after dropping to near 1.0650 in the Asian session. The major currency pair has recovered as the rebound move in the US Dollar Index (DXY) has faded. EUR/USD,D1 Pivot: 1.0656 Analysis: While the price is above 1.0600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0656 Take Profit 1: 1.0800 Take Profit 2: 1.0900 Alternative scenario: If the level 1.0600 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD takes a U-turn from the intraday low while picking up bids to 1.3560 amid the holiday-thinned trading session on Monday. In doing so, the Loonie pair bounces off the convergence of the 200-SMA and an upward-sloping support line from the last Wednesday. Pivot: 1.3546 Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3546 Take Profit 1: 1.3750 Take Profit 2: 1.3850...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD settled the last trading session of CY2022 on a promising note after the US Dollar Index (DXY) faced immense pressure. AUD/USD,D1 Pivot: 0.6800 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6800 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Alternative scenario: In case of a broken-down of the level 0.6600, follow the recommendations...
