Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains under pressure near the 0.6950 area. AUD/USD,D1 Pivot: 0.6900 Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6900 Take Profit 1: 0.7060 Take Profit 2: 0.7165 Alternative scenario: In case of a break-down of the level 0.6850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England plans largest rate hike in 27 years - Commerzbank. GBP/CHF,D1 Pivot: 1.1611 Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1611 Take Profit 1: 1.1500 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1750 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight Stronger labor force participation should keep Canadian unemployment steady at 4.9% - TDS. NZD/CAD,D1 Pivot: 0.8099 Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8099 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The latest PMI data showed another slowdown in Canadian manufacturing sector conditions. The PMI is at its lowest level in two years. GBP/CAD,D1 Pivot: 1.5593 Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5593 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: The Manufacturing PMI will decline to 52.5 in July compared to expectations of 55.7. EUR/CAD,D1 Pivot: 1.3045 Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3045 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...
