Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD is trading near 1.1280 after the pair attracted sellers near the 23.6% retracement of the November decline. EUR/USD,D1 Pivot: 1.1284 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1284 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is trading above the 1.2800 level and may continue to grow towards the 1.2950/1.3020 area, Société Générale analysts believe. USD/CAD,D1 Pivot: 1.2826 Analysis: While the price is above 1.2570, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2826 Take Profit 1: 1.2900 Take Profit 2: 1.3030 Alternative scenario: If the level 1.2570 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD is not able to continue the corrective pullback from the yearly low so far, it rolls back to 0.7015 before the start of Monday's European session. AUD/USD,D1 Pivot: 0.6997 Analysis: Provided that the currency pair is traded below 0.7230, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6997 Take Profit 1: 0.6910 Take Profit 2: 0.6740 Alternative scenario: In case of break-out of the level...
Source: PaxForex Premium Analytics Portal, Technical Insight Investors are waiting for today's release of NFP data on US labor market for November. Employment growth is expected to be 550k compared to +531k in October. GBP/CHF,D1 Pivot: 1.2238 Analysis: While the price is below 1.2509, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2238 Take Profit 1: 1.2178 Take Profit 2: 1.2045 Alternative scenario: If the level 1.2509 is broken-out, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ: a new strain is unlikely to turn the central bank off the path of rate hikes. NZD/CAD,D1 Pivot: 0.8864 Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8724 Take Profit 1: 0.8800 Take Profit 2: 0.8900 Alternative scenario: If the level of 0.8650 is broken-down, follow the recommendations below: Time frame:...
