Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair reversed its intraday drop to below 0.6900 and again approached the nearly four-week high reached earlier on Friday. The pair last traded around 0.6920 in the first half of the European session. AUD/USD,D1 Pivot: 0.6918 Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.6918 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Alternative scenario...
Source: PaxForex Premium Analytics Portal, Technical Insight It is not certain that the new British Prime Minister will be able to change the sentiment around the pound - Rabobank. GBP/CHF,D1 Pivot: 1.1618 Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1584 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Commenting on the inflation situation in the country, Bank of Canada Governor Tiff Macklem said in an interview last night that "inflation in Canada will remain painfully high." NZD/CAD,D1 Pivot: 0.8035 Analysis: As long as the price is below 0.8165 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8010 Take Profit 1: 0.7950 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8165 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada, Maclem: Canada's inflation will remain painfully high. GBP/CAD,D1 Pivot: 1.5440 Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5440 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 position Entry point: 1.5680 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: evidence is emerging that inflation is close to a peak - RBC. EUR/CAD,D1 Pivot: 1.3149 Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3149 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...
