Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY rises for the third consecutive session and at the same time marks multi-week highs near 139.00. The continuation of the uptrend now shifts attention to the key level of 140.00. Next, the cross may try to test the weekly peak at 142.32 (July 21). EUR/JPY,D1 Pivot: 138.93 Analysis: While the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 138.93 Take Profit 1: 139.30 Take Profit 2: 141...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan, Nakagawa: We hope to discuss a policy change in September based on the available data. GBP/JPY,D1 Pivot: 161.63 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.63 Take profit 1: 165.00 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair rose slightly on Monday. Nevertheless, economists at ANZ Bank believe that the outlook for the kiwi remains gloomy. NZD/USD,D1 Pivot: 0.6143 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.613 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The currency strategists of UOB Group assume that the EUR/USD pair will consolidate between 0.9900 and 1.0085. EUR/USD,D1 Pivot: 0.9996 Analysis: While the price is below 1.0150, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.99996 Take Profit 1: 0.9850 Take Profit 2: 0.9800 Alternative scenario: If the level 1.0150 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The pair USD/CAD jumped up sharply on Friday after Powell's speech and on the background of a sharp decline in Wall Street stocks. The pair rose from 1.2920 to 1.3010 and made a two-day high. USD/CAD,D1 Pivot: 1.2948 Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2948 Take Profit 1: 1.3050 Take Profit 2: 1.3100 Alternative scenario: If the level 1.2870 is broken-...
