Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD falls further to 1.3580 on better-than-projected Canadian Retail Sales. Pivot: 1.3511 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3511 Take Profit 1: 1.3600 Take Profit 2: 1.3700 Alternative scenario: If level 1.3500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3500 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds below 0.6800 as markets digest Powell’s Jackson Hole speech. AUD/USD,D1 Pivot: 0.6778 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6778 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...
Source: PaxForex Premium Analytics Portal, Technical Insight UK PMI figures broadly bumped to a higher-than-expected print in August, with the Composite, Manufacturing, and Services PMI components all printing above forecasts and rising from their previous figures. GBP/CHF,D1 Pivot: 1.1162 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1162 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1....
Source: PaxForex Premium Analytics Portal, Technical Insight Canada saw a pullback in Employment Insurance Beneficiaries Change figures in June, helping to ease the CAD higher for the day. NZD/CAD,D1 Pivot: 0.8385 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8358 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The divergent BoE-Fed policy expectations might continue to lend support to the Pound. Pivot: 1.7775 Analysis: While the price is below 1.8000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7775 Take Profit 1: 1.7500 Take Profit 2: 1.7300 Alternative scenario: If level 1.8000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.8000 Take profit 1...
