Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair is oscillating in a narrow range of 141.40-141.65 in the early Tokyo session. On Tuesday, the asset rebounded firmly after testing the round-level cushion of 141.00 with lower selling pressures. EUR/JPY,D1 Pivot: 141.50 Analysis: While the price is above 141.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.50 Take Profit 1: 145.65 Take Profit 2: 147.00 Alternative scenario: If the level...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY drives to near 161.50 as BOE considers prolonged bond-buying program. GBP/JPY,D1 Pivot: 159.96 Analysis: As long as the price is above 159.40 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.96 Take profit 1: 163.60 Take Profit 2: 167.40 Alternative scenario: If the level of 159.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.40...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: Risk appetite remains stressed, undermining the kiwi – ANZ. NZD/USD,D1 Pivot: 0.5555 Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5555 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD has established below 0.9700. Economists at ING expect the pair to build a new 0.90-0.95 trading range. EUR/USD,D1 Pivot: 0.9693 Analysis: While the price is below 0.9950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9629 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 frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD aims to cross 1.3750 as DXY refreshed day’s high, US Inflation buzz. USD/CAD,D1 Pivot: 1.3730 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3730 Take Profit 1: 1.3900 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: 1.3600...
