Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair displays a lackluster performance in the early Tokyo session as the cross hovers around 139.00. The asset is expected to re-test the critical support of 137.36, recorded on Monday as the German energy crisis is deepening after a deliberate action to harm the active infrastructure of the Nord Stream 1 pipeline to Germany. EUR/JPY,D1 Pivot: 138.82 Analysis: While the price is below 139.40, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/JPY recovered some ground on Tuesday courtesy of a slight improvement in sentiment, though, in the end, US equities finished in the red, while Asian bourses are set for a lower open as risk aversion got back. GBP/JPY,D1 Pivot: 155.24 Analysis: As long as the price is below 157.50 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.24 Take profit 1: 154.00 Take Profit 2: 152.00 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD consolidates recent losses around the lowest level since March 2020, up 0.75% intraday near 0.5680, as it snaps a two-day downside during Tuesday’s Asian session. NZD/USD,D1 Pivot: 0.5630 Analysis: While the price is below 0.5850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5630 Take Profit 1: 0.5600 Take Profit 2: 0.5500 Alternative scenario: If the level 0.5850 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD risks further losses near term – UOB. EUR/USD,D1 Pivot: 1.0018 Analysis: While the price is below 0.9850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9608 Take Profit 1: 0.9500 Take Profit 2: 0.9400 Alternative scenario: If the level 0.9850 is broken-out, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 0.9850 Take Profit 1: 1.0000 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD oscillates around 1.3600, upside remains favored as oil tumbles below $80.00. USD/CAD,D1 Pivot: 1.3585 Analysis: While the price is above 1.3200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3585 Take Profit 1: 1.3700 Take Profit 2: 1.3800 Alternative scenario: If the level 1.3200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3200...
