Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY holds above 199.00, remains close to the multi-month top ahead of UK budget. Pivot: 199.30 Analysis: As long as the price is above 195.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 199.30 Take profit 1: 201.00 Take Profit 2: 204.00 Alternative scenario: If the level of 195.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD remains below 0.6000 as downside risks persist due to dovish mood surrounding RBNZ. NZD/USD,D1 Pivot: 0.5970 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5970 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD retraces its recent gains from the previous session, trading around 1.0810 during the Asian hours on Tuesday. EUR/USD,D1 Pivot: 1.0810 Analysis: While the price is below 1.1000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0810 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If level 1.1000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD extends gains to near 1.3900 due to lower Oil prices. Pivot: 1.3887 Analysis: While the price is above 1.3800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3887 Take Profit 1: 1.4000 Take Profit 2: 1.4100 Alternative scenario: If level 1.3800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3800 Take Profit 1: 1.3700 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains weak near 0.6600 amid the firmer US Dollar. AUD/USD,D1 Pivot: 0.6599 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6599 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6500...
