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...
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...
