Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar (CAD) is broadly higher on Friday, landing in the green against the majority of its major currency peers. NZD/CAD,D1 Pivot: 0.8259 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8259 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling rebounds in Wednesday’s early American session as the market sentiment remains cautiously optimistic. Pivot: 1.7237 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7237 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar found some room on the upside at the midweek inflection point as investors await Thursday’s US PPI and Retail Sales figures. EUR/CAD,D1 Pivot: 1.4740 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4740 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4500 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: The bearish vibe remains intact below the mid-161.00s. EUR/JPY,D1 Pivot: 161.36 Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.36 Take Profit 1: 164.00 Take Profit 2: 166.00 Alternative scenario: If the level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00 Take profit 1: 158....
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY slips to near 188.70 on speculation of BoJ considering rate hike in March. Pivot: 188.86 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 188.86 Take profit 1: 192.00 Take Profit 2: 194.00 Alternative scenario: If the level of 186.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
