Source: PaxForex Premium Analytics Portal, Technical Insight Analysts at Danske Bank write that the increasingly hawkish attitude of the Fed continues to support the dollar and could weaken the EUR/USD to 1.08 in the year ahead. EUR/USD,D1 Pivot: 1.1405 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1405 Take Profit 1: 1.1300 Take Profit 2: 1.1170 Alternative scenario: If the level 1.1530 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Loonie rose against the dollar, which caused the USD/CAD to fall below 200 DM. USD/CAD,D1 Pivot: 1.2637 Analysis: While the price is below 1.2625, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2544 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 AUD/USD will trade in the range of 0.7140-0.7285 in the coming weeks, according to currency strategists of UOB Group. 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: 0.7202 Take Profit 1: 0.7350 Take Profit 2: 0.7450 Alternative scenario: In case of break-down of the level 0.7080, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight The SNB said it has successfully tested the use of digital currency to settle transactions with leading investment banks. GBP/CHF,D1 Pivot: 1.2493 Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2493 Take Profit 1: 1.2654 Take Profit 2: 1.2884 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 The Reserve Bank of New Zealand has confirmed that former deputy governor Geoff Bascand left the bank a week earlier than agreed to over a breach of protocol. NZD/CAD,D1 Pivot: 0.8575 Analysis: As long as price is above 0.8542 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.85575 Take Profit 1: 0.8670 Take Profit 2: 0.8765 Alternative scenario: If the level of 0.8542 is broken-down, follow the recommendations...
