Source: PaxForex Premium Analytics Portal, Technical Insight The Euro will remain under pressure due to new sanctions against Russia - Commerzbank. EUR/JPY,D1 Pivot: 135.41 Analysis: While the price is above 130.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 134.83 Take Profit 1: 137.50 Take Profit 2: 139.00 Alternative scenario: If the level 130.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130....
Source: PaxForex Premium Analytics Portal, Technical Insight Kuroda, Bank of Japan: it's too early to discuss an exit strategy for the easing policy. GBP/JPY,D1 Pivot: 161.75 Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.75 Take profit 1: 163.50 Take Profit 2: 164.70 Alternative scenario: If the level of 158.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair rose sharply on Monday, while jumping 0.6% to 0.6160 after attracting buyers early in the session at the 200DMA just above 0.6900. NZD/USD,D1 Pivot: 0.6982 Analysis: While the price is above 0.6745, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6982 Take Profit 1: 0.7050 Take Profit 2: 0.7150 Alternative scenario: If the level 0.6745 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD might slide below the 1.0940 level in the near term, currency strategists at UOB Group suggested. EUR/USD,D1 Pivot: 1.0968 Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0968 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If the level 1.1110 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Analysts at MUFG Bank note that a higher crude oil price should help strengthen the Canadian dollar. They expect the USD/CAD pair to trade at 1.2200 by the end of the third quarter and at 1.2000 by the fourth quarter. USD/CAD,D1 Pivot: 1.2502 Analysis: While the price is below 1.2650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2502 Take Profit 1: 1.2365 Take Profit 2: 1.2290 Alternative scenario: If the...
