Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: the bulls are aiming for 1.1655 - UOB Group. EUR/USD,D1 Pivot: 1.1618 Analysis: While the price is below 1.1800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1618 Take Profit 1: 1.1580 Take Profit 2: 1.1420 Alternative scenario: If the level 1.1800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1800 Take Profit 1: 1.1910 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: GDP contracted in July but should rebound in August. USD/CAD,D1 Pivot: 1.2640 Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2640 Take Profit 1: 1.2695 Take Profit 2: 1.2810 Alternative scenario: If the level 1.2420 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2420 Take Profit 1: 1.2250...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: 0.7000 barrier might be under threat. AUD/USD,D1 Pivot: 0.7254 Analysis: Provided that the currency pair is traded below 0.7465, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7254 Take Profit 1: 0.7100 Take Profit 2: 0.7000 Alternative scenario: In case of break-out of the level 0.7465, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7465...
Source: PaxForex Premium Analytics Portal, Technical Insight The Swiss government has announced that it has signed a contract with Johnson & Johnson for 150,000 doses of the Covid-19 vaccine. Delivery of the doses is expected next week. NZD/CHF,D1 Pivot: 0.6422 Analysis: While the price is above 0.6391, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6422 Take Profit 1: 0.6600 Take Profit 2: 0.6706 Alternative scenario: If the level 0.6391 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Daily coronavirus cases in New Zealand jumped to their highest level in weeks. NZD/CAD,D1 Pivot: 0.8741 Analysis: As long as price is below 0.9022 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8741 Take Profit 1: 0.8617 Take Profit 2: 0.8525 Alternative scenario: If the level of 0.9022 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point...
