Source: PaxForex Premium Analytics Portal, Technical Insight The representative of the Bank of Japan: quick short-term movements on the currency market are undesirable. EUR/JPY,D1 Pivot: 137.71 Analysis: While the price is below 139.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 137.71 Take Profit 1: 136.70 Take Profit 2: 134.70 Alternative scenario: If the level 139.40 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan to raise FY2022 inflation forecast above 2% - Jiji. GBP/JPY,D1 Pivot: 163.56 Analysis: As long as the price is below 162.40 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.56 Take profit 1: 164.65 Take Profit 2: 167.00 Alternative scenario: If the level of 162.40 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 162.40 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair fell on Monday and hit a fresh two-year low at 0.6096 before cutting losses to 0.6130. NZD/USD,D1 Pivot: 0.6110 Analysis: While the price is below 0.6205, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6110 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: The Euro will remain low in the short term - NFB. 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: 1.0024 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD is ready to break out above the key resistance level of 1.3080 - TDS. USD/CAD,D1 Pivot: 1.2995 Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2995 Take Profit 1: 1.3050 Take Profit 2: 1.3250 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2870...
