Source: PaxForex Premium Analytics Portal, Technical Insight The pair could test its lows as costly natural gas prices and lingering supply-side threats leave the euro zone facing heightened recession risks, which will put pressure on the euro going forward, economists at CIBC Capital Markets report. EUR/JPY,D1 Pivot: 137.09 Analysis: While the price is below 137.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.09 Take Profit 1: 139.30 Take Profit 2: 140.70...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan sees the risk of accelerating price growth, but not enough to change policy - MNI. GBP/JPY,D1 Pivot: 162.11 Analysis: As long as the price is above 161.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.02 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair made a high above 0.6300 due to the weakening U.S. dollar. NZD/USD,D1 Pivot: 0.6276 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6276 Take Profit 1: 0.6400 Take Profit 2: 0.6550 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6205 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD still points to further consolidation - UOB. EUR/USD,D1 Pivot: 1.0189 Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0189 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 Profit 1: 1.0450 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is in a bullish market zone so far. USD/CAD,D1 Pivot: 1.2945 Analysis: While the price is below 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2945 Take Profit 1: 1.3000 Take Profit 2: 1.3050 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2870 Take Profit 1: 1.2785 Take Profit 2: 1....
