Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY continues to develop a bearish start to the week, although it managed to bounce from earlier lows in the area of 135.70. If the cross manages to break out of the ongoing consolidation, the August high of 138.39 (from August 10) is expected to be in focus again. EUR/JPY,D1 Pivot: 136.25 Analysis: While the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.25 Take Profit 1: 138.00...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan, Momma: the central bank policy remains in force despite the CPI growth. GBP/JPY,D1 Pivot: 161.71 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.71 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 position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: strong support is at 0.6125 - UOB. NZD/USD,D1 Pivot: 0.6161 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6161 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: 0.6330 Take Profit 2: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD risks falling to 0.9870 and even to 0.9830 - UOB. EUR/USD,D1 Pivot: 0.9941 Analysis: While the price is below 1.0150, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.9941 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 position Entry point: 1.0150 Take Profit 1: 1.0260 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: Despite the CAD's strength this week, further weakness is likely - Rabobank. USD/CAD,D1 Pivot: 1.2995 Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2995 Take Profit 1: 1.3050 Take Profit 2: 1.3100 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1....
