Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD rises to its highest level since December 2020 above 1.2900. USD/CAD,D1 Pivot: 1.2775 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:1.2775 Take Profit 1: 1.2950 Take Profit 2: 1.3130 Alternative scenario: In case of breakdown of the level 1.2420, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound is declining to 1.3652 and it is aiming at 1.3600. GBP/USD,D1 Pivot: 1.3747 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3747 Take Profit 1: 1.3570 Take Profit 2: 1.3430 Alternative scenario: If the level 1.3960 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3960 Take Profit 1: 1.4090...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Lane: core inflation is not reflected by any indicator. EUR/USD,D1 Pivot: 1.1687 Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1687 Take Profit 1: 1.1580 Take Profit 2: 1.1500 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 Profit 1: 1.1980...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair during the Asian session on Wednesday updated its lowest price level since November 2020, testing support at 0.69. NZD/USD,D1 Pivot: 0.6850 Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6850 Take Profit 1: 0.6800 Take Profit 2: 0.6572 Alternative scenario: If the level 0.7085 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: anxiety over the coronavirus is worsening investor sentiment. USD/CAD,D1 Pivot: 1.2695 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2695 Take Profit 1: 1.2810 Take Profit 2: 1.2950 Alternative scenario: In case of breakdown of the level 1.2420, follow the recommendations below: Time frame: D1 Recommendation: short position...
