Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY is off to a bearish start to the week, slipping below 137.00 today. The cross has probably entered a consolidation phase waiting for further catalysts in the short term. EUR/JPY,D1 Pivot: 136.84 Analysis: While the price is above 134.25, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 136.84 Take Profit 1: 137.60 Take Profit 2: 140.00 Alternative scenario: If the level 134.25 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY continues to trade steadily near the 163.00 level, as it has since the beginning of the week, as traders wait ahead of key risk events later this week. GBP/JPY,D1 Pivot: 162.36 Analysis: As long as price is above 159.88 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.36 Take profit 1: 164.62 Take Profit 2: 168.45 Alternative scenario: If the level of 159.88 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight According to the ANZ's analytics, we should see the NZD strengthening against the US dollar later this year as the US dollar weakens, given high commodity prices and higher interest rates. NZD/USD,D1 Pivot: 0.6426 Analysis: While the price is below 0.6730, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6426 Take Profit 1: 0.6350 Take Profit 2: 0.6250 Alternative scenario: If the level 0.6730 is...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD is losing its initial optimism and is aiming at 1.0500 at the beginning of the week. EUR/USD,D1 Pivot: 1.0508 Analysis: While the price is below 1.0860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0508 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD witnessed heavy selling on Friday and was under pressure from a combination of factors. USD/CAD,D1 Pivot: 1.2859 Analysis: While the price is above 1.2715, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2859 Take Profit 1: 1.2900 Take Profit 2: 1.3100 Alternative scenario: If the level 1.2715 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
