Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY battles 142.50, upside remains favored ahead of ECB policy. EUR/JPY,D1 Pivot: 138.93 Analysis: While the price is above 139.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.68 Take Profit 1: 142.30 Take Profit 2: 144.25 Alternative scenario: If the level 139.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 139.50 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY declines after facing barricades around 165.00, BOE Bailey’s speech eyed. GBP/JPY,D1 Pivot: 164.86 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.86 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 frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD bulls approach the 50-SMA hurdle, after crossing the falling wedge’s resistance line, during Tuesday’s Asian session. In doing so, the Kiwi pair prints the biggest daily gains in over a week during the three-day uptrend, up 0.38% intraday near 0.6115 by the press time. NZD/USD,D1 Pivot: 0.6086 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6086 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The chances for EUR/USD to close below 0.9900 seem to have lost traction in past sessions, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. EUR/USD,D1 Pivot: 0.9928 Analysis: While the price is below 1.0150, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9928 Take Profit 1: 0.9850 Take Profit 2: 0.9800 Alternative scenario: If the level 1.0150 is broken-out, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD crosses a downward sloping resistance line from Thursday during Monday’s Asian session, grinds higher around the intraday top of 1.3152 by the press time. USD/CAD,D1 Pivot: 1.3122 Analysis: While the price is above 1.3000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3122 Take Profit 1: 1.3200 Take Profit 2: 1.3300 Alternative scenario: If the level 1.3000 is broken-down, follow the...
