Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD came under strong bearish pressure and retreated under 1.38 yesterday as part of a pullback from the 1.3875-80 resistance area. GBP/USD,D1 Pivot: 1.3868 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3868 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD may continue to decline amid the continued gloomy market sentiment. EUR/USD,D1 Pivot: 1.1718 Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1718 Take Profit 1: 1.1700 Take Profit 2: 1.1580 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 The RBNZ will raise rates by 25 bps on Wednesday. - Reuters poll. NZD/USD,D1 Pivot: 0.7040 Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7040 Take Profit 1: 0.6880 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7085 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7085 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The decline in oil prices has undermined the demand for the Canadian dollar and helped the USD/CAD gain momentum. USD/CAD,D1 Pivot: 1.2516 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2516 Take Profit 1: 1.2670 Take Profit 2: 1.2810 Alternative scenario: In case of breakdown of the level 1.2420, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight In Europe, GBP/USD consolidated around, but then started gaining momentum to surpass 1.3850 in American session. GBP/USD,D1 Pivot: 1.3868 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3868 Take Profit 1: 1.3735 Take Profit 2: 1.3570 Alternative scenario: If the level 1.3960 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
