Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair continues to fall from the technically significant 200-SMA and drifts down for the fifth consecutive day. The decline took the spot to a two-week low around 0.6875. AUD/USD,D1 Pivot: 0.6871 Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6871 Take Profit 1: 0.7000 Take Profit 2: 0.7165 Alternative scenario: In case of a...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England looks pretty backward in terms of fighting inflation, although it is ready to tighten further despite the expected recession - Commerzbank. GBP/CHF,D1 Pivot: 1.1401 Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1401 Take Profit 1: 1.1300 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.1750 is broken-out, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ head Orr: We want the rate to be definitely above neutral. NZD/CAD,D1 Pivot: 0.8086 Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8086 Take Profit 1: 0.8180 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8050 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight U.K. inflation accelerated to a 10.1% annualized rate in July, faster than expected and a new 40-year high. GBP/CAD,D1 Pivot: 1.5549 Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5549 Take Profit 1: 1.5340 Take Profit 2: 1.5200 Alternative scenario: If level 1.5680 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Annual CPI fell to 7.6% in July as expected. EUR/CAD,D1 Pivot: 1.3132 Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3132 Take Profit 1: 1.2975 Take Profit 2: 1.2850 Alternative scenario: If the level of 1.3260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3260 Take profit 1: 1.3390...
