Source: PaxForex Premium Analytics Portal, Technical Insight UOB Group analysts note that EUR/USD could rise to 1.1835 in the coming weeks. EUR/USD,D1 Pivot: 1.1798 Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1798 Take Profit 1: 1.1700 Take Profit 2: 1.1660 Alternative scenario: If the level 1.1900 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1900 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD will continue rising after a breakout above 1.2836 - Credit Suisse. USD/CAD,D1 Pivot: 1.2615 Analysis: While the price is above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2615 Take Profit 1: 1.2715 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...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD is clinging to gains near the session highs at 0.7250. AUD/USD,D1 Pivot: 0.7310 Analysis: Provided that the currency pair is traded below 0.7400, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7310 Take Profit 1: 0.7200 Take Profit 2: 0.7100 Alternative scenario: In case of break-out of the level 0.7400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Risk aversion has caused the pound to suffer. However, according to MUFG economists, the pound will be bolstered by the Bank of England's willingness to continue its plans to roll back policy measures next year. GBP/CAD,D1 Pivot: 1.7378 Analysis: While the price is below 1.7591, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7378 Take Profit 1: 1.7268 Take Profit 2: 1.7017 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of ECB Lagarde: we are recovering from the pandemic and the economy is stabilizing. EUR/CAD,D1 Pivot: 1.4944 Analysis: As long as price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4944 Take Profit 1: 1.5048 Take Profit 2: 1.5309 Alternative scenario: If the level of 1.4600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
