Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY: Reversal targeting 164.28 daily support. GBP/JPY,D1 Pivot: 167.52 Analysis: As long as the price is above 165.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.52 Take profit 1: 169.00 Take Profit 2: 171.80 Alternative scenario: If the level of 165.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 165.00 Take profit 1: 163.00...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: Volatility beckons in a usually positive month for the Kiwi – ANZ. NZD/USD,D1 Pivot: 0.6387 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6387 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: short position Entry point: 0.6130...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair peaked at 1.0579 on Monday, giving up some ground after the US opening to settle at around 1.0510. EUR/USD,D1 Pivot: 1.0542 Analysis: While the price is above 1.0300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0542 Take Profit 1: 1.0600 Take Profit 2: 1.0800 Alternative scenario: If the level 1.0300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD consolidates daily gains around 1.3650 heading into Monday’s European session as the Loonie pair traders turn cautious ahead of a speech from Bank of Canada (BOC) Governor Tiff Macklem. Pivot: 1.3651 Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3651 Take Profit 1: 1.3750 Take Profit 2: 1.3850 Alternative scenario: If the level 1.3500 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD retreats to 0.6775 as it defies the three-day winning streak heading into Monday’s European session. In doing so, the Aussie pair retreats toward the 200-Hour Moving Average (HMA) amid the bearish MACD signals. AUD/USD,D1 Pivot: 0.6769 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6769 Take Profit 1: 0.6900 Take Profit 2: 0.7000...
