Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: Further strength seems in the pipeline – UOB. NZD/USD,D1 Pivot: 0.6206 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6206 Take Profit 1: 0.6290 Take Profit 2: 0.6385 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6130 Take Profit 1: 0.6070...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD now seen navigating within 1.0600-1.0800 – UOB. EUR/USD,D1 Pivot: 1.0708 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0708 Take Profit 1: 1.0500 Take Profit 2: 1.0300 Alternative scenario: If the level 1.0750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0750 Take Profit 1: 1.0875...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD reverses the early Asian session losses as it prints mild gains around 1.3735 during early Monday morning in Europe. In doing so, the Loonie pair defends the previous day’s recovery moves inside a one-week-old symmetrical triangle. Pivot: 1.3745 Analysis: While the price is above 1.3640, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3733 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD risk proximity took a leg higher in early Asian trading but retraced after hitting the 0.6730 mark. It is currently trading unchanged. In the early Asian hours, risk appetite expanded along with some high beta currencies on the back of coordinated efforts from major central banks on the liquidity crunch. AUD/USD,D1 Pivot: 0.6680 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England was holding emergency talks with international counterparts amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG (CSGN.S), the Telegraph reported. GBP/CHF,D1 Pivot: 1.1249 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1249 Take Profit 1: 1.1285 Take Profit 2: 1.1320 Alternative scenario: If the level of 1.1200 is broken...
