Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan is conducting an emergency market operation, offering to buy 10-25 year JGBs. 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: 135.41 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Kuroda: the cost of buying the dollar to buy raw materials is one of the main factors weakening the yen. GBP/JPY,D1 Pivot: 159.87 Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.87 Take profit 1: 161.50 Take Profit 2: 163.50 Alternative scenario: If the level of 158.00 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight UOB Group currency strategists noted that the potential move to 0.7025 in NZD/USD seems to be losing momentum. NZD/USD,D1 Pivot: 0.6906 Analysis: While the price is above 0.6745, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6906 Take Profit 1: 0.6990 Take Profit 2: 0.7050 Alternative scenario: If the level 0.6745 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair could accelerate a drawdown below 1.0950 in the near term, UOB Group currency strategists suggested. EUR/USD,D1 Pivot: 1.0995 Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0995 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD will fall to 1.20 in the coming months - Scotiabank. USD/CAD,D1 Pivot: 1.2499 Analysis: While the price is below 1.2650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2499 Take Profit 1: 1.2365 Take Profit 2: 1.2290 Alternative scenario: If the level 1.2650 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2650 Take Profit 1: 1....
