Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Ivey PMI is down sharply in July. USD/CAD,D1 Pivot: 1.2572 Analysis: Provided that the currency pair is traded above 1.2420, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2572 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 point: 1.2420 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England is in no hurry to tighten monetary policy. GBP/USD,D1 Pivot: 1.3901 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3901 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD starts to strengthen on possible QE rollback. EUR/USD,D1 Pivot: 1.1870 Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1870 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 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight In Wednesday's trading the pair NZD/USD continues to remain in the accumulation phase. NZD/USD,D1 Pivot: 0.6972 Analysis: While the price is below 0.7095, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6972 Take Profit 1: 0.6880 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7095 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD shows growth because of the CAD's correlation with oil. USD/CAD,D1 Pivot: 1.2515 Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2515 Take Profit 1: 1.2750 Take Profit 2: 1.2880 Alternative scenario: In case of breakdown of the level 1.2380, follow the recommendations below: Time frame: D1 Recommendation: short position...
