Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair once again shows some resilience below the 0.6400 mark and attracts some dip-buying during the Asian session on Monday, though the uptick lacks follow-through. AUD/USD,D1 Pivot: 0.6415 Analysis: Provided that the currency pair is below 0.6520, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6415 Take Profit 1: 0.6100 Take Profit 2: 0.6000 Alternative scenario: In case of a broken-out of...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Simkus: The next rate increase needs to be substantial. GBP/CHF,D1 Pivot: 1.1455 Analysis: While the price is above 1.1200, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1455 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ Governor Orr: New Zealand is relatively well positioned but inflation too high. NZD/CAD,D1 Pivot: 0.7922 Analysis: As long as the price is above 0.7800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7922 Take Profit 1: 0.7980 Take Profit 2: 0.8050 Alternative scenario: If the level of 0.7800 is broken-up, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Markets take hope from the Bank of Canada after the slower rate hike, while the delay to the Sunak/Hunt fiscal plan does little to dampen GBP gains. GBP/CAD,D1 Pivot: 1.5740 Analysis: While the price is above 1.5400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5740 Take Profit 1: 1.5800 Take Profit 2: 1.6000 Alternative scenario: If level 1.5400 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/CAD’s renaissance is gathering some momentum. In the opinion of economists at Scotiabank, the pair could return to the 1.40-1.45 range. EUR/CAD,D1 Pivot: 1.3647 Analysis: As long as the price is above 1.3550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3647 Take Profit 1: 1.3715 Take Profit 2: 1.3900 Alternative scenario: If the level of 1.3550 is broken-down, follow the recommendations below:...
