Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD drops to one-month low, tests 200-day SMA support near 0.6100. NZD/USD,D1 Pivot: 0.6118 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6118 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: 0.6200 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD churns in familiar territory ahead of EU inflation print. EUR/USD,D1 Pivot: 1.0984 Analysis: While the price is above 1.0950, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0984 Take Profit 1: 1.1150 Take Profit 2: 1.1250 Alternative scenario: If level 1.0950 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0950 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD holds steady below 1.3600, bulls await break above 200-day SMA hurdle. Pivot: 1.3578 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3578 Take Profit 1: 1.3700 Take Profit 2: 1.3800 Alternative scenario: If level 1.3500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3500 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds above 0.6800 despite stronger US Dollar, eyes on RBA Minutes. AUD/USD,D1 Pivot: 0.6802 Analysis: Provided that the currency pair is above 0.6800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6802 Take Profit 1: 0.7000 Take Profit 2: 0.7100 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight BoE’s Bailey said he sees a chance of a more aggressive rate reduction. GBP/CHF,D1 Pivot: 1.1186 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1186 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...
