Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD moves above 1.3800 as traders expect BoC to deliver a 50 bps rate cut. Pivot: 1.3805 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3805 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD gathers strength above 0.6700 on softer US Dollar. AUD/USD,D1 Pivot: 0.6716 Analysis: Provided that the currency pair is above 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6716 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Alternative scenario: In case level 0.6700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6700...
Source: PaxForex Premium Analytics Portal, Technical Insight UK economic data has given Pound bulls little to be bullish about. GBP/CHF,D1 Pivot: 1.1182 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1264 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight Bets for more aggressive rate cuts by the RBNZ continue to undermine demand for the NZD. NZD/CAD,D1 Pivot: 0.8346 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8346 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoC is expected to cut rates by 50 bps next week. Pivot: 1.7862 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7862 Take Profit 1: 1.8000 Take Profit 2: 1.8100 Alternative scenario: If level 1.7700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7700 Take profit 1: 1.7600 Take Profit 2: 1....
