Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD trades with modest losses around mid-1.3500s amid rebounding Oil prices. Pivot: 1.3563 Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3563 Take Profit 1: 1.3600 Take Profit 2: 1.3700 Alternative scenario: If level 1.3400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3400 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD turns upside down in the aftermath of the US NFP. AUD/USD,D1 Pivot: 0.6671 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6671 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 Entry point: 0.6600...
Source: PaxForex Premium Analytics Portal, Technical Insight Investors see a roughly one-in-four chance that the BoE will cut rates in the September meeting. GBP/CHF,D1 Pivot: 1.1093 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1093 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The upside of the commodity-linked Canadian Dollar could be restrained due to lower Oil prices. NZD/CAD,D1 Pivot: 0.8385 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8385 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Expectations for a slower BoE rate-cutting cycle continue to underpin the British Pound. Pivot: 1.7755 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7755 Take Profit 1: 1.7900 Take Profit 2: 1.8000 Alternative scenario: If level 1.7600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600 Take...
