Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: breakout of 1.14 will cause a fall to 1.1350 - Scotiabank. EUR/USD,D1 Pivot: 1.1416 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1416 Take Profit 1: 1.1350 Take Profit 2: 1.1170 Alternative scenario: If the level 1.1530 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1530 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight A decline in the U.S. dollar should limit the growth of the pair amid rising oil prices supporting the Loonie. USD/CAD,D1 Pivot: 1.2734 Analysis: While the price is below 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2734 Take Profit 1: 1.2900 Take Profit 2: 1.3030 Alternative scenario: If the level 1.2625 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD is gaining demand for an intraday high update, breaking out the two-day downtrend. AUD/USD,D1 Pivot: 0.7083 Analysis: Provided that the currency pair is below 0.7315, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7083 Take Profit 1: 0.6910 Take Profit 2: 0.6780 Alternative scenario: In case of break-out of the level 0.7315, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England Governor Bailey: after Covid-adjusted, underlying wage growth is stronger than might have been expected. GBP/CHF,D1 Pivot: 1.2510 Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2510 Take Profit 1: 1.2654 Take Profit 2: 1.2760 Alternative scenario: If the level 1.2104 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Kiwi has been declining in recent months. Analysts at MUFG Bank expect the currency to recover in 2022, as the RBNZ has plenty of room for rate hikes. NZD/CAD,D1 Pivot: 0.8459 Analysis: As long as price is below 0.8615 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8459 Take Profit 1: 0.8350 Take Profit 2: 0.8298 Alternative scenario: If the level of 0.8615 is broken-out, follow the recommendations below::...
