Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY continues extending its gains, eyeing December’s 2013 high of 149.78, while the Japanese yen continues to weaken, despite further verbal interventions by Japanese authorities, which have failed to move the markets in favor of the battered yen. EUR/JPY,D1 Pivot: 147.10 Analysis: While the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.10 Take Profit 1: 148.00 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY was an inside day on Tuesday and coupled with the bullish megaphone, this could be regarded as a highly bullish scenario for the day ahead as the hybrid would be thought to signal a strong continuation pattern. GBP/JPY,D1 Pivot: 169.02 Analysis: As long as the price is above 165.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.02 Take profit 1: 170.00 Take Profit 2: 172.00 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight A new day and fresh prospects for NZD/USD. The pair travelled in three levels of rising on Monday and has extended the rally in Asia on the back of the CPI data, falling within touching distance of Friday's highs around 0.5680. NZD/USD,D1 Pivot: 0.5629 Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5629 Take Profit 1: 0.5500 Take Profit 2: 0.5400 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair has dropped marginally after printing a day’s high at 0.9853 in the Tokyo session. After a juggernaut rally, the shared currency bulls are facing a corrective move as the US dollar index (DXY) has attempted a rebound move. Meanwhile, positive risk sentiment is still elevated as S&P500 is solid with recent gains. EUR/USD,D1 Pivot: 0.9839 Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD struggles below 1.3900 as crude oil pares weekly losses, Canada inflation eyed. USD/CAD,D1 Pivot: 1.3880 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3880 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: 1....
