Source: PaxForex Premium Analytics Portal, Technical Insight GBP/CHF: Extended uptrend on a break past 1.1500/1.1580 – SocGen. .GBP/CHF,D1 Pivot: 1.1120 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1120 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is broken-out , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight Canada's jobs report is expected to reveal robust numbers following the addition of 59,000 jobs in June. NZD/CAD,D1 Pivot: 0.8126 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8126 Take Profit 1: 0.8100 Take Profit 2: 0.8025 Alternative scenario: If the level of 0.8260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) continues its two-day losing spell as investors seem cautious ahead of the interest rate decision by the Bank of England (BoE). Pivot: 1.6954 Analysis: While the price is above 1.6900, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 1.6954 Take Profit 1: 1.7150 Take Profit 2: 1.7300 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The euro remains on the backfoot as the main driver of its recent performance was the market's confidence that the ECB will maintain its hawkish strategy. EUR/CAD,D1 Pivot: 1.4586 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4586 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: As long as the price is above 1.4500 follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY gains ground following high-tier European data. EUR/JPY,D1 Pivot: 157.38 Analysis: While the price is above 154.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.38 Take Profit 1: 158.00 Take Profit 2: 159.00 Alternative scenario: If the level 154.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 154.00 Take profit 1: 152.50 Take...
