Source: PaxForex Premium Analytics Portal, Technical Insight The ECB is expected to resume its policy-easing cycle in September. EUR/CAD,D1 Pivot: 1.5139 Analysis: As long as the price is above 1.5000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5139 Take Profit 1: 1.5200 Take Profit 2: 1.5350 Alternative scenario: If the level of 1.5000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoJ rate-hike uncertainty and a positive risk tone undermine the JPY, lending some support. EUR/JPY,D1 Pivot: 161.93 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.93 Take Profit 1: 158.00 Take Profit 2: 155.00 Alternative scenario: If the level 163.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling continues to rally on broad-market Greenback weakness. Pivot: 189.53 Analysis: As long as the price is below 192.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 189.53 Take profit 1: 184.00 Take Profit 2: 180.00 Alternative scenario: If the level of 192.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight In Monday's session, the NZD/USD rose by more than 0.80% to 0.6100, tallying a two-day winning streak. NZD/USD,D1 Pivot: 0.6116 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6116 Take Profit 1: 0.6150 Take Profit 2: 0.6250 Alternative scenario: If level 0.6000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD climbs on risk-on sentiment swing, approaches 1.11. EUR/USD,D1 Pivot: 1.1076 Analysis: While the price is above 1.0900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1076 Take Profit 1: 1.1150 Take Profit 2: 1.1250 Alternative scenario: If level 1.0900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0900 Take Profit 1: 1....
