Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY drops back closer to 186.00 mark ahead of UK CPI. Pivot: 186.88 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.88 Take profit 1: 191.00 Take Profit 2: 194.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD remains below 0.6200, receives downward pressure from Chinese economic concerns. NZD/USD,D1 Pivot: 0.6191 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6191 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6100...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD softens below 1.1150 as traders brace for US Retail Sales data. EUR/USD,D1 Pivot: 1.1124 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1124 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD drifts lower amid sustained USD selling, sliding Oil prices could lend support. Pivot: 1.3591 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3591 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 position Entry point: 1.3500...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades with mild gains around 0.6705 in Monday’s early Asian session. AUD/USD,D1 Pivot: 0.6700 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6758 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
