Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair is gradually marching towards the immediate resistance of 148.00 in the early Tokyo session. EUR/JPY,D1 Pivot: 147.10 Analysis: While the price is above 144.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.60 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: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound rallied across the board on Tuesday, fuelled by the market enthusiasm about the victory of Rishi Sunak in the Tory race to Downing Street. GBP/JPY,D1 Pivot: 169.72 Analysis: As long as the price is above 166.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.72 Take profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level of 166.50 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD now faces further consolidation short term – UOB. NZD/USD,D1 Pivot: 0.5706 Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5706 Take Profit 1: 0.5500 Take Profit 2: 0.5400 Alternative scenario: If the level 0.5850 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.5850 Take Profit 1: 0.6000...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD remains to trade below the 0.99 mark. Economists at Commerzbank note that there is a deadlock in the world's most popular currency pair. EUR/USD,D1 Pivot: 0.9873 Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9873 Take Profit 1: 0.9565 Take Profit 2: 0.9400 Alternative scenario: If the level 0.9950 is broken-out, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD pair sensed buying interest after dropping to near the round-level support of 1.3600 in early Tokyo. The loonie bulls have retreated after the US dollar index (DXY) defended the intervention rumors of the Bank of Japan (BOJ) recovered its entire intraday losses. The asset has extended its gains to near 1.3680. USD/CAD,D1 Pivot: 1.3697 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long...
