Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD is trading near the bottom of the September range, which is near the yearly low at 1.1663. The short-term sentiment remains neutral with a bearish bias as the pair has attracted sellers near the moderately bearish 20 SMA at 1.1720. EUR/USD,D1 Pivot: 1.1692 Analysis: While the price is below 1.1910, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1692 Take Profit 1: 1.1660 Take Profit 2: 1.1580...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: The balance of risks is tilting to the upside - Danske Bank. USD/CAD,D1 Pivot: 1.2645 Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2645 Take Profit 1: 1.2810 Take Profit 2: 1.2950 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Factors pressuring the Aussie are the deteriorating market sentiment because of the threat to China's financial stability because of the Evergrande situation and declining gold prices. AUD/USD,D1 Pivot: 0.7257 Analysis: Provided that the currency pair is traded below 0.7465, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7257 Take Profit 1: 0.7100 Take Profit 2: 0.7000 Alternative scenario: In case...
Source: PaxForex Premium Analytics Portal, Technical Insight As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it. NZD/CHF,D1 Pivot: 0.6523 Analysis: While the price is above 0.6382, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6523 Take Profit 1: 0.6600 Take Profit 2: 0...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: New Home Prices rose 0.7% in August. GBP/CAD,D1 Pivot: 1.7382 Analysis: While the price is above 1.7158, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7382 Take Profit 1: 1.7641 Take Profit 2: 1.7777 Alternative scenario: If the level 1.7158 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7158 Take profit 1: 1.6931 Take Profit 2: 1...
