Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY opens Wednesday’s Asian Pacific session with decent gains of 0.24%, after Tuesday’s 0.34% loss, courtesy of a risk-off impulse when data from the US flashed inflation decelerating less than estimates, fueling possibilities for a US Fed 75 bps rate hike. EUR/JPY,D1 Pivot: 144.01 Analysis: While the price is above 142.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.01 Take Profit 1: 145...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY struggles around 166.50, upside remains favored ahead of UK Inflation. GBP/JPY,D1 Pivot: 164.86 Analysis: As long as the price is above 164.25 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.06 Take profit 1: 167.70 Take Profit 2: 168.70 Alternative scenario: If the level of 164.25 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 164.25...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: Technical bounce off 0.60 looks more secure now – ANZ. NZD/USD,D1 Pivot: 0.6129 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6129 Take Profit 1: 0.6050 Take Profit 2: 0.5950 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6205 Take Profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: It is likely too early for a recovery rally – Commerzbank. EUR/USD,D1 Pivot: 1.0120 Analysis: While the price is above 1.0050, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0120 Take Profit 1: 1.0260 Take Profit 2: 1.0350 Alternative scenario: If the level 1.0050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0050 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD remains pressured around the lowest levels in a fortnight amid the sluggish European morning on Monday. That said, the Loonie pair seesaws near 1.3030 during the four-day downtrend amid the bearish bias of the options market traders. USD/CAD,D1 Pivot: 1.3022 Analysis: While the price is above 1.3000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3022 Take Profit 1: 1.3200 Take Profit 2: 1.3300...
