Source: PaxForex Premium Analytics Portal, Technical Insight Despite an upbeat UK CPI inflation print, the GBP knocked lower. Pivot: 1.7767 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7767 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600 Take profit 1: 1.7400 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Villeroy: The balance of risks on growth and inflation is shifting to the downside. EUR/CAD,D1 Pivot: 1.4727 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4727 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY declined by 0.47% to 163.10 in Tuesday's session. EUR/JPY,D1 Pivot: 164.36 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.36 Take Profit 1: 168.00 Take Profit 2: 170.00 Alternative scenario: If the level 160.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.00 Take profit 1: 158.00...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY climbs beyond mid-196.00s, hits fresh weekly top ahead of UK CPI. Pivot: 196.88 Analysis: As long as the price is above 195.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 196.88 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: 195.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD holds below 0.5900 on dovish RBNZ expectations. NZD/USD,D1 Pivot: 0.5885 Analysis: While the price is below 0.6000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5885 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6000 Take Profit 1: 0.6150 Take...
