Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD dropped to 1.1334 after peaking at 1.1385 on the last trading day of the week. The pair recovered from the low mentioned during the trading in London and rose to 1.1350. EUR/USD,D1 Pivot: 1.1300 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1300 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-out, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD reached new weekly lows at 1.2700. USD/CAD,D1 Pivot: 1.2680 Analysis: While the price is above 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2680 Take Profit 1: 1.2810 Take Profit 2: 1.3030 Alternative scenario: If the level 1.2625 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2625 Take Profit 1: 1.2485 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight According to UOB Group currency strategists, upward momentum on the AUD/USD pair could push it above 0.7300 in the coming weeks. AUD/USD,D1 Pivot: 0.7251 Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7251 Take Profit 1: 0.7350 Take Profit 2: 0.7450 Alternative scenario: In case of break-down of the level 0.7315, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight According to ING economists, the franc will continue to receive support amid an unstable risk attitude. GBP/CHF,D1 Pivot: 1.2345 Analysis: While the price is above 1.2104, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2345 Take Profit 1: 1.2519 Take Profit 2: 1.2654 Alternative scenario: If the level 1.2104 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The stock markets are rising which levels out the effect of the oil price decline on the Loonie. NZD/CAD,D1 Pivot: 0.8691 Analysis: As long as price is above 0.8542 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8691 Take Profit 1: 0.8765 Take Profit 2: 0.8850 Alternative scenario: If the level of 0.8542 is broken-down, follow the recommendations below: ...
