Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD jumps to 1.3500 despite multiple headwinds. Pivot: 1.3500 Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3500 Take Profit 1: 1.3600 Take Profit 2: 1.3700 Alternative scenario: If level 1.3400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3400 Take Profit 1: 1.3250 Take Profit 2:...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades with mild gains above 0.6750 ahead of Chinese PMI data. AUD/USD,D1 Pivot: 0.6758 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6758 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling may gain ground as traders expect the BoE to maintain higher rates for a longer period. GBP/CHF,D1 Pivot: 1.1177 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1177 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The RBNZ is expected to deliver more interest rate cuts this year. NZD/CAD,D1 Pivot: 0.8431 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8431 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoC is expected to cut more interest rates in its September meeting next week. Pivot: 1.7778 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7778 Take Profit 1: 1.7900 Take Profit 2: 1.8000 Alternative scenario: If level 1.7600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600 Take profit 1...
