Source: PaxForex Premium Analytics Portal, Technical Insight Cazacs, ECB: September rate hike should be quite significant. EUR/JPY,D1 Pivot: 138.98 Analysis: While the price is above 138.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 138.98 Take Profit 1: 140.70 Take Profit 2: 142.40 Alternative scenario: If the level 138.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.20 Take profit 1: 136.70...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan Minutes: The Central Bank should support the economy, which is under pressure from rising commodity prices. GBP/JPY,D1 Pivot: 165.07 Analysis: As long as the price is above 163.70 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.07 Take profit 1: 167.00 Take Profit 2: 168.80 Alternative scenario: If the level of 163.70 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ, Orr: In addition to reviewing authority, we are also reviewing our performance. NZD/USD,D1 Pivot: 0.6260 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6260 Take Profit 1: 0.6310 Take Profit 2: 0.6400 Alternative scenario: If the level 0.6205 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6205...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD continues to fluctuate early in the week as the U.S. dollar continues its corrective decline, prompting the dollar index (DXY) to retreat for the third consecutive session. EUR/USD,D1 Pivot: 1.0024 Analysis: While the price is below 1.0350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0223 Take Profit 1: 0.9950 Take Profit 2: 0.9850 Alternative scenario: If the level 1.0350 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight Data released in Canada on Friday showed that retail sales rose 2.2% in May, beating expectations of a 1.6% increase. USD/CAD,D1 Pivot: 1.2980 Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2909 Take Profit 1: 1.3050 Take Profit 2: 1.3250 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
