Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD started November with growth and gained 0.24% to 1.1583. Earlier the pair had been declining for 3 days in a row as the dollar was rising and Treasury yields were rising expecting the Fed tapering to start. EUR/USD,D1 Pivot: 1.1604 Analysis: While the price is below 1.1690, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1604 Take Profit 1: 1.1490 Take Profit 2: 1.1410 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD rushed to new daily tops early in the North American session as the bulls made a new attempt to overcome 1.2400. USD/CAD,D1 Pivot: 1.2381 Analysis: While the price is below 1.2610, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2381 Take Profit 1: 1.2300 Take Profit 2: 1.2180 Alternative scenario: If the level 1.2610 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair is failing to hold a bounce after confirming a bearish upward wedge. AUD/USD,D1 Pivot: 0.7514 Analysis: Provided that the currency pair is traded above 0.7280, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7514 Take Profit 1: 0.7600 Take Profit 2: 0.7720 Alternative scenario: In case of break-down of the level 0.7280, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound barely reacted to the UK budget and traders' attention will now shift to the Bank of England's monetary policy committee meeting on rate setting, which is due next Thursday. GBP/CHF,D1 Pivot: 1.2576 Analysis: While the price is above 1.2467, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2576 Take Profit 1: 1.2750 Take Profit 2: 1.2998 Alternative scenario: If the level 1.2467 is broken-down...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ, Orr: We are entering a world of other rates and other inflation. NZD/CAD,D1 Pivot: 0.8877 Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8877 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 point: 0.8650 Take...
