Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY is leaving behind two consecutive daily pullbacks and advancing above Tuesday's 136.00 level. If the recovery becomes more serious, the cross should meet the next barrier at the 100-day SMA at 138.08 before the more current August peak at 138.39 (August 10). EUR/JPY,D1 Pivot: 136.54 Analysis: While the price is above 135.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.54 Take Profit 1: 138.00...
Source: PaxForex Premium Analytics Portal, Technical Insight With the Bank of England (BoE) likely to act too cautiously and the election of a new prime minister could cause even more nervousness in the markets, the British pound will remain under pressure, economists at Commerzbank believe. GBP/JPY,D1 Pivot: 162.41 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.41 Take profit 1: 165.00 Take Profit 2: 167.00 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD reached the 0.64 mark for the first time since early June. ANZ economists expect the kiwi to get additional support from the Reserve Bank of New Zealand. NZD/USD,D1 Pivot: 0.6276 Analysis: While the price is above 0.6205, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6357 Take Profit 1: 0.6400 Take Profit 2: 0.6550 Alternative scenario: If the level 0.6205 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD continues to fall below 1.0200 as the dollar bulls refuse to give up. EUR/USD,D1 Pivot: 1.0161 Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0161 Take Profit 1: 0.9950 Take Profit 2: 0.9850 Alternative scenario: If the level 1.0350 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0350 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: declining oil risks and a more cautious stance by the Bank of Canada should put pressure on the Loonie - MUFG. USD/CAD,D1 Pivot: 1.2775 Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2775 Take Profit 1: 1.2735 Take Profit 2: 1.2670 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation...
