Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling tumbles as investors mixed about BoE's policy tightening pace. .GBP/CHF,D1 Pivot: 1.1146 Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1146 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The New Zealand dollar has been the weakest performer among the G10 currencies in the last five trading days. NZD/CAD,D1 Pivot: 0.8197 Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8197 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8170 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Britain's high rate of inflation fell by more than expected in June and was its slowest in over a year at 7.9%, according to data that will ease some of the pressure on the Bank of England to keep on raising interest rates sharply Pivot: 1.7013 Analysis: While the price is above 1.6900, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 1.7013 Take Profit 1: 1.7150 Take Profit 2: 1.7300 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar (CAD) trades lower after Crude Oil prices give up their gains on the back of US data showing a lower-than-expected Oil inventory draw. EUR/CAD,D1 Pivot: 1.4751 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4751 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: Next on the upside emerges the 158.00 region. EUR/JPY,D1 Pivot: 155.97 Analysis: While the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.97 Take Profit 1: 156.85 Take Profit 2: 159.00 Alternative scenario: If the level 151.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.60 Take profit 1: 150.40 Take...
