Source: PaxForex Premium Analytics Portal, Technical Insight The European Central Bank (ECB) is reportedly still negotiating the terms and legal aspects of a new anti-fragmentation instrument. EUR/JPY,D1 Pivot: 137.71 Analysis: While the price is above 139.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.36 Take Profit 1: 142.40 Take Profit 2: 144.20 Alternative scenario: If the level 139.40 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan (BOJ) Osaka branch manager said that the impact of the currency movements will depend on the structure of the business, the size of each organization. GBP/JPY,D1 Pivot: 163.56 Analysis: As long as the price is above 163.70 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.96 Take profit 1: 167.00 Take Profit 2: 168.80 Alternative scenario: If the level of 163.70 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ: The bar for accelerated tightening is high - Goldman Sachs. NZD/USD,D1 Pivot: 0.6184 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6184 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....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD continues to rise and adds to Friday's bounce, retesting the 1.0170/75 range earlier in the week. 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: 1.0164 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is holding near an intraday low, declining for a second straight day as the U.S. dollar shows weakness and WTI prices recover from the day's lows. 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: 1.2980 Take Profit 1: 1.3050 Take Profit 2: 1.3250 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations...
