Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling gains traction after the latest labor market data showed unemployment across the UK has dropped unexpectedly in the three months to June. Pivot: 188.51 Analysis: As long as the price is below 190.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 188.51 Take profit 1: 184.00 Take Profit 2: 180.00 Alternative scenario: If the level of 190.00 is broken-out, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD rises above 0.6000, with bullish momentum increasing. NZD/USD,D1 Pivot: 0.6037 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6037 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 Entry point: 0.6000 Take Profit 1: 0.5900...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD edges higher above 1.0900, US PPI data looms. EUR/USD,D1 Pivot: 1.0935 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0935 Take Profit 1: 1.1000 Take Profit 2: 1.1100 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take Profit 1: 1.0700...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD consolidates in a range, just above a multi-week low amid Middle East tensions. Pivot: 1.3729 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3729 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD gains ground above 0.6550 on hawkish RBA. AUD/USD,D1 Pivot: 0.6421 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 0.6584 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6500 Take...
