Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: has recovered above the 21-DMA and is aiming for 1.1615. EUR/USD,D1 Pivot: 1.1586 Analysis: While the price is below 1.1690, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1586 Take Profit 1: 1.1490 Take Profit 2: 1.1410 Alternative scenario: If the level 1.1690 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1690 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight The DXY index continues to rise and the USD/CAD pair retreated again after the US Non-Farm Payrolls surpassed expectations and the US dollar rose to daily highs. USD/CAD,D1 Pivot: 1.2448 Analysis: While the price is below 1.2610, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2448 Take Profit 1: 1.2300 Take Profit 2: 1.2180 Alternative scenario: If the level 1.2610 is broken-out, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair failed to capitalize on Friday's rebound from multi-week peak lows after the NFP report and traded in a range on the first day of the new week. Against the backdrop of an upbeat US jobs report, a strong rise in US Treasury bond yields was a tailwind for the US dollar and limited the AUD/USD's upside potential. AUD/USD,D1 Pivot: 0.7398 Analysis: Provided that the currency pair is traded above 0.7280, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Bailey: it is not our responsibility to guide the markets' expectations for rates. GBP/CHF,D1 Pivot: 1.2318 Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2318 Take Profit 1: 1.2250 Take Profit 2: 1.2145 Alternative scenario: If the level 1.2607 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long ...
Source: PaxForex Premium Analytics Portal, Technical Insight NZ unemployment in the three months to the end of September has slumped to 3.4 per cent, Stats NZ has reported. NZD/CAD,D1 Pivot: 0.8845 Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8845 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...
