Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY extends the auspicious start of the week and reclaims the area above the 145.00 barrier on Tuesday. If the corrective bounce gathers extra steam, then the cross should face initial resistance at the so far November high at 147.11 (November 9). The surpass of this level could open the door to a more meaningful move to the 2022 peak at 148.40 (October 21). EUR/JPY,D1 Pivot: 145.05 Analysis: While the price is above 144.00, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY cross gains some positive traction for the third successive day on Wednesday and maintains its bid tone through the early European session. The cross, however, retreats a few pips from a multi-day high and slides back below the 166.00 mark following the release of UK inflation figures. GBP/JPY,D1 Pivot: 165.64 Analysis: As long as the price is below 166.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight The New Zealand Dollar (NZD) advances in the North American session, even though Fed speaking bolstered the US Dollar (USD), a late intervention of the Federal Reserve (Fed) Vice Chair Brainard turned sentiment positive. Therefore, the NZDUSD is trading at 0.6113, above its opening price by 0.49%. NZD/USD,D1 Pivot: 0.6153 Analysis: While the price is above 0.5960, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: rising bets for further upside – UOB. EUR/USD,D1 Pivot: 1.0381 Analysis: While the price is above 1.0100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0381 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 1: 0.9935 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight BoC’s Tiff Macklem says unemployment needs to rise in order to slow inflation. USD/CAD,D1 Pivot: 1.3262 Analysis: While the price is below 1.3420, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3262 Take Profit 1: 1.3200 Take Profit 2: 1.3000 Alternative scenario: If the level 1.3420 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3420...
