Source: PaxForex Premium Analytics Portal, Technical Insight On Monday, the AUD/USD pair gained positive momentum for the second day in a row and continues to recover from more than two-year lows near 0.6680 reached last week. AUD/USD,D1 Pivot: 0.6809 Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.6809 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Alternative scenario: In case of a break-out of the level 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The British pound has weakened over the past month as growing economic pressures worsen the outlook. Economists at the National Bank of Canada expect that the British pound's appreciation will remain limited in the near term. 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: 1.1618 Take Profit 1: 1.1500 Take Profit 2: 1.1400 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand: RBNZ raises OCR to 2.50% in July - UOB. 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: 0.8035 Take Profit 1: 0.7950 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8165 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8165 Take profit 1: 0.8250...
Source: PaxForex Premium Analytics Portal, Technical Insight Macklem, Bank of Canada: there are good reasons why a "soft landing" is achievable. GBP/CAD,D1 Pivot: 1.5410 Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5410 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Macklem, Bank of Canada: a proactive rate hike will help cool domestic inflationary pressures. EUR/CAD,D1 Pivot: 1.3028 Analysis: As long as the price is below 1.3280 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3028 Take Profit 1: 1.2975 Take Profit 2: 1.2850 Alternative scenario: If the level of 1.3280 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
