Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY has sensed barricades around 143.40 after a less-confident pullback in the early Asian session. The asset witnessed a steep fall on Tuesday after failing to recapture the critical resistance of 144.47. EUR/JPY,D1 Pivot: 143.28 Analysis: While the price is above 141.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.28 Take Profit 1: 144.25 Take Profit 2: 145.60 Alternative scenario: If the level...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY remains pressured towards the 200-SMA as it extends the previous day’s losses to 163.40 during Wednesday’s Asian session. GBP/JPY,D1 Pivot: 163.48 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.48 Take profit 1: 165.90 Take Profit 2: 167.00 Alternative scenario: If the level of 161.50 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD looks set to refresh its two-year low around 0.5920 as DXY rebounds ahead of Fed. NZD/USD,D1 Pivot: 0.5925 Analysis: While the price is below 0.6060, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5925 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If the level 0.6060 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD holds steady above parity ahead of Lagarde. EUR/USD,D1 Pivot: 1.0018 Analysis: While the price is above 0.9950, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0018 Take Profit 1: 1.0130 Take Profit 2: 1.0260 Alternative scenario: If the level 0.9950 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9950 Take Profit 1: 0.9850 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD remains on the front foot around 1.3285 during Monday’s early European morning, up for the third consecutive day near the 22-month high flashed the previous day. USD/CAD,D1 Pivot: 1.3259 Analysis: While the price is above 1.3000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3259 Take Profit 1: 1.3300 Take Profit 2: 1.3400 Alternative scenario: If the level 1.3000 is broken-down, follow the...
