Source: PaxForex Premium Analytics Portal, Technical Insight The pair remains bullish, taking advantage of the general weakening of the dollar after the release of disappointingly weak U.S. consumer sentiment data for August by the University of Michigan. EUR/USD,D1 Pivot: 1.1794 Analysis: While the price is below 1.1900, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1794 Take Profit 1: 1.1700 Take Profit 2: 1.1580 Alternative scenario: If the level 1.1900 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight Fitch Ratings noted that they expect the RBNZ to raise the official money rate (OCR) at next week's monetary policy meeting. NZD/USD,D1 Pivot: 0.6980 Analysis: While the price is above 0.6829, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6980 Take Profit 1: 0.7203 Take Profit 2: 0.7307 Alternative scenario: If the level 0.6829 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD is fluctuating below the 200-hour moving average. USD/CAD,D1 Pivot: 1.2532 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2532 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 frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD: the dollar determines the dynamics of the major currency pairs. GBP/USD,D1 Pivot: 1.3823 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3823 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 position Entry point: 1.3960 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight After the release of the U.S. inflation data, EUR/USD started rising, but TD Securities analysts do not have high hopes for this growth. EUR/USD,D1 Pivot: 1.1718 Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1718 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1980 is broken-out, follow the recommendations below: Time frame: D1...
