Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD made a new low of 2021 during the American session, sliding from 1.1280 to 1.1230 after the White House administration decided to re-nominate the current Fed governor J. Powell. EUR/USD,D1 Pivot: 1.1234 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1234 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD will rise to 1.2950/1.3020 in case of a breakout of 1.2650 - SocGen. USD/CAD,D1 Pivot: 1.2635 Analysis: While the price is above 1.2400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2635 Take Profit 1: 1.2690 Take Profit 2: 1.2830 Alternative scenario: If the level 1.2400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2400 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: a breakout of 0.7250 will open the way to the August low at 0.7106 - Commerzbank. AUD/USD,D1 Pivot: 0.7228 Analysis: Provided that the currency pair is traded below 0.7430, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7228 Take Profit 1: 0.7165 Take Profit 2: 0.7100 Alternative scenario: In case of break-out of the level 0.7430, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England interest rate decision still on a knife-edge despite rise in inflation. GBP/CHF,D1 Pivot: 1.2490 Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2490 Take Profit 1: 1.2400 Take Profit 2: 1.2250 Alternative scenario: If the level 1.2607 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight The promise of monetary policy normalization should support the NZD - CIBC Capital Markets. 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: 0.8864 Take Profit 1: 0.8900 Take Profit 2: 0.8990 Alternative scenario: If the level of 0.8650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
