Source: PaxForex Premium Analytics Portal, Technical Insight The Eurozone’s weak economic outlook supports ECB rate cut bets for September. EUR/CAD,D1 Pivot: 1.4977 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4977 Take Profit 1: 1.5100 Take Profit 2: 1.5200 Alternative scenario: If the level of 1.4900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The hawkish comments from the Bank of Japan’s Governor Kazuo Ueda fail to boost the JPY as traders await clearer guidance on the future rate path. EUR/JPY,D1 Pivot: 161.18 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.18 Take Profit 1: 158.00 Take Profit 2: 155.00 Alternative scenario: If the level 163.00 is broken-out, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight On Wednesday, the Bank of Japan Deputy Governor Ryozo Himino said that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Pivot: 191.17 Analysis: As long as the price is above 189.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 191.17 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 189...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD drifts higher above 0.6200 on dovish Fed remarks. NZD/USD,D1 Pivot: 0.6224 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6224 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6100 Take Profit 1: 0.6000 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD backslides in broad-market Greenback bounce. EUR/USD,D1 Pivot: 1.1165 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1165 Take Profit 1: 1.1250 Take Profit 2: 1.1350 Alternative scenario: If level 1.1000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1000 Take Profit 1: 1.0900...
