Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan (BOJ) "should continue to support the economy with its current strong monetary policy easing," said Shinichi Uchida, the central bank's executive director for monetary policy, in a speech Tuesday. EUR/JPY,D1 Pivot: 137.37 Analysis: While the price is above 134.25, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 137.37 Take Profit 1: 138.30 Take Profit 2: 140.00 Alternative scenario...
Source: PaxForex Premium Analytics Portal, Technical Insight Uchida, Bank of Japan: continuing to support the economy with massive monetary policy easing. GBP/JPY,D1 Pivot: 162.36 Analysis: As long as price is below 162.20 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.75 Take profit 1: 159.50 Take Profit 2: 157.60 Alternative scenario: If the level of 162.20 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: deepening fall could reach 0.6245 - UOB. NZD/USD,D1 Pivot: 0.6334 Analysis: While the price is below 0.6550, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6334 Take Profit 1: 0.6250 Take Profit 2: 0.6175 Alternative scenario: If the level 0.6550 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6550 Take Profit 1: 0.6700 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD is still targeting 1.0470 - UOB. EUR/USD,D1 Pivot: 1.0567 Analysis: While the price is below 1.0860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0567 Take Profit 1: 1.0400 Take Profit 2: 1.0300 Alternative scenario: If the level 1.0860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0860 Take Profit 1: 1.0940 Take Profit 2: 1.1115...
Source: PaxForex Premium Analytics Portal, Technical Insight Rising crude oil prices supported the Canadian dollar and put pressure on USD/CAD amid a modest pullback in the US dollar from a two-decade high. USD/CAD,D1 Pivot: 1.2948 Analysis: While the price is above 1.2715, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2948 Take Profit 1: 1.3000 Take Profit 2: 1.3100 Alternative scenario: If the level 1.2715 is broken-down, follow the recommendations below:...
