Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD drops to over one-month low, holds just above mid-1.3600s amid weaker USD. Pivot: 1.3663 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3663 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD trades stronger above 0.6650 on positive risk sentiment, hawkish RBA. AUD/USD,D1 Pivot: 0.6687 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6687 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 QoQ GDP growth is expected to tick down to 0.6% from the previous 0.7%, while annualized UK GDP is expected to rebound to 0.9% from the previous 0.3%. Pivot: 1.7611 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7611 Take Profit 1: 1.7400 Take Profit 2: 1.7300 Alternative scenario: If level 1.7700 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Lower crude oil prices weigh on the commodity-linked Canadian Dollar. EUR/CAD,D1 Pivot: 1.5097 Analysis: As long as the price is above 1.5000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5097 Take Profit 1: 1.5200 Take Profit 2: 1.5300 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 ECB Rehn supports more rate cuts to boost Eurozone economic growth. EUR/JPY,D1 Pivot: 161.48 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.48 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 Entry point: 163.00 Take...
