Source: PaxForex Premium Analytics Portal, Technical Insight Investors see the ECB cutting interest rates again in September. EUR/CAD,D1 Pivot: 1.4960 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4960 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: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB policymaker Joachim Nagel said on Tuesday that "the great wave of inflation is over", adding he will not decide whether to vote to cut rates in September until next week. EUR/JPY,D1 Pivot: 160.54 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.54 Take Profit 1: 158.00 Take Profit 2: 155.00 Alternative scenario: If the level 163.00 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY drops to near 192.00 due to increasing risk aversion. Pivot: 190.61 Analysis: As long as the price is above 189.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 190.61 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 189.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD falls to near 0.6200 due to diminishing dovish mood of Fed, China’s concerns. NZD/USD,D1 Pivot: 0.6230 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6230 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD finds floor to arrest pullback, but downside pressures remain. EUR/USD,D1 Pivot: 1.1070 Analysis: While the price is above 1.1000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1070 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...
