Source: PaxForex Premium Analytics Portal, Technical Insight Sources report that the number of opponents of Powell's nomination for a second term as head of the Fed is growing. It looks like it will come down to a fight for the post between Powell or Brainard. NZD/USD,D1 Pivot: 0.7003 Analysis: While the price is above 0.6829, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7003 Take Profit 1: 0.7203 Take Profit 2: 0.7307 Alternative scenario: If the level 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD broke-out 1.2560 and retreated to 1.2519, marking the low from Friday. USD/CAD,D1 Pivot: 1.2525 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2525 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD will not be able to break above 1.40 - ING. GBP/USD,D1 Pivot: 1.3867 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3867 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 1: 1.4090 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: The ECB dovish mood might cause a fall to 1.17 - ING. EUR/USD,D1 Pivot: 1.1737 Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1737 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 Recommendation: long position Entry point: 1.1980 Take Profit 1: 1.2100...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD dropped to 0.7000 and lost all the points gained within the week. NZD/USD,D1 Pivot: 0.6986 Analysis: While the price is below 0.7085, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6986 Take Profit 1: 0.6950 Take Profit 2: 0.6880 Alternative scenario: If the level 0.7085 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7085...
