Source: PaxForex Premium Analytics Portal, Technical Insight Japan's Finance Minister Suzuki: If necessary, we will take appropriate steps on the forex market. EUR/JPY,D1 Pivot: 141.21 Analysis: While the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.21 Take Profit 1: 144.00 Take Profit 2: 146.00 Alternative scenario: If the level 140.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan announced that it will offer additional bond purchases for JGBs on Wednesday. GBP/JPY,D1 Pivot: 167.32 Analysis: As long as the price is below 164.35 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 162.19 Take profit 1: 159.60 Take Profit 2: 155.50 Alternative scenario: If the level of 164.35 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD made new multi-week lows below the 0.6400 level after the U.S. consumer price inflation report for May pushed the U.S. dollar up. NZD/USD,D1 Pivot: 0.6284 Analysis: While the price is below 0.6425, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6284 Take Profit 1: 0.6175 Take Profit 2: 0.6050 Alternative scenario: If the level 0.6425 is broken-out, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD is targeting a one-year low of 1.0350 - Scotiabank. EUR/USD,D1 Pivot: 1.0436 Analysis: While the price is above 1.0650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0436 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 position Entry point: 1.0650 Take Profit 1: 1.0800...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD pair will continue to rise in the range of 1.2775/1.2875 - Scotiabank USD/CAD,D1 Pivot: 1.2821 Analysis: While the price is below 1.2700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2821 Take Profit 1: 1.2915 Take Profit 2: 1.3050 Alternative scenario: If the level 1.2700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2700...
