Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: continues to consolidate around 1.1300. EUR/USD,D1 Pivot: 1.1324 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1324 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 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD is holding near 1.2820-25. USD/CAD,D1 Pivot: 1.2184 Analysis: While the price is above 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2814 Take Profit 1: 1.3030 Take Profit 2: 1.3190 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: 1.2360...
Source: PaxForex Premium Analytics Portal, Technical Insight The pressure on the Australian dollar increased because of the difficult COVID-19 situation in Australia. Earlier Prime Minister Scott Morrison said the country could not have new lockdowns, but on Friday the local state authorities went for a partial tightening of the quarantine measures. AUD/USD,D1 Pivot: 0.7232 Analysis: Provided that the currency pair is traded above 0.7080, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight The bullish sentiment of the Bank of England might be temporary and will have unpleasant consequences later on. GBP/CHF,D1 Pivot: 1.2299 Analysis: While the price is above 1.1945, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2299 Take Profit 1: 1.2400 Take Profit 2: 1.2519 Alternative scenario: If the level 1.1945 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: GDP increased 0.8% MoM in October. NZD/CAD,D1 Pivot: 0.8731 Analysis: As long as price is above 0.8542 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8731 Take Profit 1: 0.8850 Take Profit 2: 0.8929 Alternative scenario: If the level of 0.8542 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
