Source: PaxForex Premium Analytics Portal, Technical Insight BoE’s Bailey mostly stuck to the middle of recent scripts, though the BoE head did note some regret at the BoE’s complacency regarding recent financial stability risks. Pivot: 197.06 Analysis: As long as the price is above 194.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 194.92 Take profit 1: 199.00 Take Profit 2: 202.00 Alternative scenario: If the level of 194.00 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD inches higher to near 0.6050, upside seems limited due to increased risk aversion. NZD/USD,D1 Pivot: 0.6030 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6030 Take Profit 1: 0.6000 Take Profit 2: 0.5900 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD fumbled on Monday, kicking off a new trading week with a downside push as price action waffled back into familiar 12-week lows just above the 1.0800 handle. EUR/USD,D1 Pivot: 1.0816 Analysis: While the price is below 1.1000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0816 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If level 1.1000 is broken-out, follow the recommendations...
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...
