Source: PaxForex Premium Analytics Portal, Technical Insight Former BoJ official: The central bank is likely to raise its price forecast. EUR/JPY,D1 Pivot: 138.56 Analysis: While the price is below 139.40, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.56 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 Entry point: 139.40 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan, Momma: The central bank will maintain a soft monetary policy "for many more quarters." GBP/JPY,D1 Pivot: 161.24 Analysis: As long as the price is below 162.40 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.24 Take profit 1: 159.10 Take Profit 2: 156.50 Alternative scenario: If the level of 162.40 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight During June, the New Zealand dollar depreciated against the US dollar from 0.6502 to 0.6227. MUFG Bank economists expect the NZD/USD pair to remain under pressure this quarter and to start rising again by the end of the year. NZD/USD,D1 Pivot: 0.6220 Analysis: While the price is below 0.6365, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6220 Take Profit 1: 0.6175 Take Profit 2: 0.6050 Alternative scenario...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair lost more than 100 pips last week. ING economists think the pair could repeat the May lows. EUR/USD,D1 Pivot: 1.0446 Analysis: While the price is below 1.0650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0446 Take Profit 1: 1.0350 Take Profit 2: 1.0200 Alternative scenario: If the level 1.0650 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S.: June ISM manufacturing index is consistent with a slower pace of activity - Wells Fargo. USD/CAD,D1 Pivot: 1.2881 Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2881 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...
