Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: risks of further declines under 1.13 - UOB Group. EUR/USD,D1 Pivot: 1.1308 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1308 Take Profit 1: 1.1170 Take Profit 2: 1.1100 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: 1.1690...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD pair will retest the October low just below 1.23 - Scotiabank. USD/CAD,D1 Pivot: 1.2562 Analysis: While the price is below 1.2625, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2562 Take Profit 1: 1.2485 Take Profit 2: 1.2360 Alternative scenario: If the level 1.2625 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2625 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Further declines may cause the AUD/USD pair to break the 0.7140 level in the coming weeks, currency strategists at UOB Group suggested AUD/USD,D1 Pivot: 0.7202 Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7166 Take Profit 1: 0.7350 Take Profit 2: 0.7450 Alternative scenario: In case of break-down of the level 0.7080, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight While CHF head Jordan at a press conference in December again called the CHF overvalued and said he was ready to intervene, he also noted that a rise in the national currency could limit import prices. GBP/CHF,D1 Pivot: 1.2426 Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2426 Take Profit 1: 1.2519 Take Profit 2: 1.2654 Alternative scenario: If the level 1.2104 is...
Source: PaxForex Premium Analytics Portal, Technical Insight Scotiabank analysts believe the Bank of Canada will raise its key interest rate to 2% by the end of 2022. NZD/CAD,D1 Pivot: 0.8426 Analysis: As long as price is below 0.8615 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8426 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:: ...
