Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD inches higher to near 1.3540, focus on Canadian CPI, Fed policy. Pivot: 1.3540 Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3540 Take Profit 1: 1.3750 Take Profit 2: 1.3900 Alternative scenario: If level 1.3400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3400 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains on the defensive above the mid-0.6500s, all eyes on RBA, Fed rate decision. AUD/USD,D1 Pivot: 0.6555 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6555 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling drops as hot US PPI data dampens appeal for risk-sensitive assets. GBP/CHF,D1 Pivot: 1.1272 Analysis: While the price is above 1.1050, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1272 Take Profit 1: 1.1300 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
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:...