Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) extends its losses against the Japanese Yen (JPY) amid a risk-off impulse as traders get to the sidelines ahead of the Federal Reserve (Fed) Chairman Jerome Powell’s speech on Wednesday. GBP/JPY,D1 Pivot: 165.76 Analysis: As long as the price is below 166.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.99 Take profit 1: 163.00 Take Profit 2: 159.80 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD regains 0.6200 despite downbeat NZIER forecasts, Fed’s Powell eyed NZD/USD,D1 Pivot: 0.6212 Analysis: While the price is above 0.5960, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6212 Take Profit 1: 0.6350 Take Profit 2: 0.6565 Alternative scenario: If the level 0.5960 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5960...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD clings to recovery gains below 1.0400 ahead of German inflation. EUR/USD,D1 Pivot: 1.0357 Analysis: While the price is above 1.0100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0357 Take Profit 1: 1.0500 Take Profit 2: 1.0800 Alternative scenario: If the level 1.0100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0100 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD renews intraday high around 1.3440 during the second daily run-up amid early Monday. In doing so, the Loonie pair buyers attack a convergence of the 21-Day Moving Average (DMA) and a downward-sloping from November 10, around 1.3440 by the press time. USD/CAD,D1 Pivot: 1.3435 Analysis: While the price is below 1.3500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3435 Take Profit 1: 1.3300 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD bears jostle with short-term key support surrounding 0.6690 as bears try to retake control during early Monday morning in Europe. In doing so, the Aussie pair justifies the market’s risk-off mood as it prepares for the biggest daily fall in a week. AUD/USD,D1 Pivot: 0.6684 Analysis: Provided that the currency pair is above 0.6520, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6684 Take Profit 1: 0....
