Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan (BOJ), as expected, decided to keep its policy unchanged at the monetary policy meeting (MPM) and lowered its forecast for the economy due to the impact of COVID-19 on March 18, 2022. EUR/JPY,D1 Pivot: 133.65 Analysis: While the price is above 128.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 133.65 Take Profit 1: 134.10 Take Profit 2: 135.50 Alternative scenario: If the level 128.30 is...
Source: PaxForex Premium Analytics Portal, Technical Insight Japanese Prime Minister Kishida: we are likely to draw up a new stimulus program by the end of March. GBP/JPY,D1 Pivot: 160.84 Analysis: As long as price is above 158.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.84 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 NZD/USD: a breakdown below 0.6775 will trigger further losses - ANZ. NZD/USD,D1 Pivot: 0.6744 Analysis: While the price is above 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6744 Take Profit 1: 0.6820 Take Profit 2: 0.6920 Alternative scenario: If the level 0.6700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6700 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD continues Friday's decline, though the pair traded mainly within its usual range on Monday. EUR/USD,D1 Pivot: 1.0978 Analysis: While the price is below 1.1110, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0978 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 position...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD pair will move down in the coming weeks - Scotiabank. USD/CAD,D1 Pivot: 1.2613 Analysis: While the price is above 1.2575 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2613 Take Profit 1: 1.2850 Take Profit 2: 1.2965 Alternative scenario: If the level 1.2575 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2575 Take Profit 1:...
