Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD seems to be in a consolidation phase around 1.1250 after Friday's sharp drop, when it gave up all the ground gained after the ECB's meeting in the second half of last week. EUR/USD,D1 Pivot: 1.1277 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1277 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: the bulls are targeting 1.3000. USD/CAD,D1 Pivot: 1.2887 Analysis: While the price is above 1.2625, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2887 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....
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: Australian dollar downside risks in the short term have declined - MUFG. AUD/USD,D1 Pivot: 0.7128 Analysis: Provided that the currency pair is traded below 0.7315, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7128 Take Profit 1: 0.7010 Take Profit 2: 0.6910 Alternative scenario: In case of break-out of the level 0.7315, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England Governor Bailey: labour market is short of force, there are signs of more sustained price pressures. GBP/CHF,D1 Pivot: 1.2248 Analysis: While the price is below 1.2509, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2248 Take Profit 1: 1.2178 Take Profit 2: 1.2045 Alternative scenario: If the level 1.2509 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, the Bank of Canada will leave its inflation target at 2.0%, the mid-point of a 1.0%-3.0% range, in a soon-to-be-announced review of its monetary policy framework. NZD/CAD,D1 Pivot: 0.8630 Analysis: As long as price is below 0.8753 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8630 Take Profit 1: 0.8560 Take Profit 2: 0.8392 Alternative scenario: If the level of 0.8753 is broken-out,...
