Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD is falling to a multi-day low, closer to 0.7050. AUD/USD,D1 Pivot: 0.7002 Analysis: Provided that the currency pair is below 0.7300, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7002 Take Profit 1: 0.6965 Take Profit 2: 0.6900 Alternative scenario: In case of break-down of the level 0.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7300...
Source: PaxForex Premium Analytics Portal, Technical Insight The GBP is losing its appeal amid mixed statements from the Bank of England - TDS. GBP/CHF,D1 Pivot: 1.2201 Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2201 Take Profit 1: 1.2100 Take Profit 2: 1.1980 Alternative scenario: If the level 1.2275 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2275...
Source: PaxForex Premium Analytics Portal, Technical Insight The Loonie is getting support from rising crude oil prices as commodity traders focus on the EU authorities' discussion of the ban on Russian oil imports. NZD/CAD,D1 Pivot: 0.8235 Analysis: As long as price is below 0.8350 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8235 Take Profit 1: 0.8170 Take Profit 2: 0.8100 Alternative scenario: If the level of 0.8350 is broken-out, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight Although the Bank of Canada (BoC) may accelerate rate hikes in the coming months, this is unlikely to lift the CAD, economists at Commerzbank report. GBP/CAD,D1 Pivot: 1.5986 Analysis: While the price is below 1.6320, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5986 Take Profit 1: 1.5900 Take Profit 2: 1.5800 Alternative scenario: If the level 1.6320 is broken-out, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: the international trade surplus shrank to C$2.49 billion in March from the expected C$3.9 billion. EUR/CAD,D1 Pivot: 1.3508 Analysis: As long as price is below 1.3750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3508 Take Profit 1: 1.3400 Take Profit 2: 1.3200 Alternative scenario: If the level of 1.3750 is broken-out, follow the recommendations below: ...
