Source: PaxForex Premium Analytics Portal, Technical Insight Steady UK wage growth deepens fears of persistent inflationary pressures. Pivot: 1.7262 Analysis: While the price is above 1.7100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7262 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.7100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7100 Take profit 1: 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Euro remains upbeat as investors hope that higher interest rates for longer by the Fed will slow down the pace at which the ECB was anticipated to return to policy normalization. EUR/CAD,D1 Pivot: 1.4814 Analysis: As long as the price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4814 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4600 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY edges up 0.44%, extending its winning streak to seven days amid positive market sentiment. EUR/JPY,D1 Pivot: 169.26 Analysis: While the price is above 165.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.26 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 165.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY continues slow grind higher despite off-kilter UK labor figures, tests 197.00. Pivot: 196.85 Analysis: As long as the price is above 193.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 196.85 Take profit 1: 198.00 Take Profit 2: 200.00 Alternative scenario: If the level of 193.50 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight In Monday's session, the NZD/USD pair traded with mild losses, and sellers gained ground. NZD/USD,D1 Pivot: 0.6021 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6021 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...