Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY struggles near mid-158.00s, over one-month low amid notable JPY strength. EUR/JPY,D1 Pivot: 156.92 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 156.92 Take Profit 1: 155.00 Take Profit 2: 153.00 Alternative scenario: If the level 163.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY receives minor support from mixed UK employment figures released on Tuesday. Pivot: 186.23 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.23 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD languishes near a multi-week low, below mid-0.6100s ahead of Chinese trade data. NZD/USD,D1 Pivot: 0.6144 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6144 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 slips as ECB rate cut expectations weigh, drops below 1.1100. EUR/USD,D1 Pivot: 1.1036 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1036 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, Fundamental Insight The Preliminary Japanese Current Account Balance for July came in at ¥3.193T and the Preliminary Japanese Adjusted Current Account Balance at ¥2.800T. Economists predicted a reading of ¥2.589T and ¥1.930T. Forex traders can compare this to the Japanese Current Account Balance for June, reported at ¥1.534T, and the Japanese Adjusted Current Account Balance at ¥1.780T. Japanese Bank Lending for August increased by 3.0% annualized. Economists...
