Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair, which rose to 0.6270 in Monday's session, has broken out of a sideways range that had been in place for the past seven sessions. NZD/USD,D1 Pivot: 0.6262 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6262 Take Profit 1: 0.6350 Take Profit 2: 0.6450 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD eases back after a misfire in EU PMI figures. EUR/USD,D1 Pivot: 1.1108 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1108 Take Profit 1: 1.1250 Take Profit 2: 1.1350 Alternative scenario: If level 1.1000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1000 Take Profit 1: 1.0900...
Source: PaxForex Premium Analytics Portal, Technical Insight Growing speculation for more interest rate cuts by the Bank of Canada (BoC) will pressure the Canadian Dollar (CAD). Pivot: 1.3558 Analysis: While the price is above 1.3500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3558 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 ...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades with mild losses near 0.6800, eyes on US PMI data. AUD/USD,D1 Pivot: 0.6803 Analysis: Provided that the currency pair is above 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6803 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....
Source: PaxForex Premium Analytics Portal, Technical Insight The British Pound (GBP) continues to draw support from the Bank of England's (BoE) decision on Thursday to keep interest rates unchanged and run down its stock of government bonds by another £100 billion over the coming 12 months. GBP/CHF,D1 Pivot: 1.1252 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1252 Take Profit 1: 1.1400 Take Profit 2: 1.1500...
