Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY drops half a percent as the bears keep reins around 145.80, down for the third consecutive day to early Wednesday morning in Europe. EUR/JPY,D1 Pivot: 145.70 Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 145.70 Take Profit 1: 149.00 Take Profit 2: 151.00 Alternative scenario: If the level 144.00 is broken-down, follow the recommendations below:: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY retraces from YTD highs at 172.13 and tumbles for the second-straight day due to a risk-off impulse, but also traders booking profits in the GBP/USD ahead of the Federal Reserve’s policy decision on Wednesday. GBP/JPY,D1 Pivot: 169.56 Analysis: As long as the price is above 166.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.56 Take profit 1: 171.00 Take Profit 2: 173.00 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD marches towards 0.5880 hurdle with eyes on RBNZ’s Orr, NZ employment data NZD/USD,D1 Pivot: 0.5865 Analysis: While the price is above 0.5750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5865 Take Profit 1: 0.6000 Take Profit 2: 0.6160 Alternative scenario: If the level 0.5750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD extends gains above 0.9900 as the US dollar loses further ground. EUR/USD,D1 Pivot: 0.9931 Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9931 Take Profit 1: 0.9700 Take Profit 2: 0.9565 Alternative scenario: If the level 0.9950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9950 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is in the hands of the bears within a descending channel on the daily time frame. USD/CAD,D1 Pivot: 1.3619 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3619 Take Profit 1: 1.3980 Take Profit 2: 1.4100 Alternative scenario: If the level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
