Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades with mild gains around 0.6705 in Monday’s early Asian session. AUD/USD,D1 Pivot: 0.6700 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6758 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The yield on the 10-year Swiss government bond drop coincided with a surge in the CHF, which reached its highest level in 2024, fueling expectations that the SNB might implement a substantial rate cut later this year. GBP/CHF,D1 Pivot: 1.1169 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1169 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar is strung across familiar chart territory on Thursday. NZD/CAD,D1 Pivot: 0.8394 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8394 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300...
Source: PaxForex Premium Analytics Portal, Technical Insight Despite leading indicators pointing to a potential rebound in UK economic activity, the Bank of England is unlikely to cut rates by more than the currently anticipated 50 basis points by year-end. Pivot: 1.7700 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7700 Take Profit 1: 1.7900 Take Profit 2: 1.8000 Alternative scenario: If level 1.7600 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB expected to cut rates by 25 bps this week amid slowing EU economic data and Germany’s inflation drop to 1.9% YoY. EUR/CAD,D1 Pivot: 1.4942 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4942 Take Profit 1: 1.5100 Take Profit 2: 1.5200 Alternative scenario: If the level of 1.4900 is broken-down, follow the recommendations below: ...
