Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD: The Bank of England's caution will hurt the pound - HSBC. 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD may soon test the lows of the year - HSBC. 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 Following last week's Fed meeting, it was clear that the central bank was only putting off hawkish rhetoric, but was not ruling it out in the near future. Consequently, the basis for expectations is there, we just need data that would indicate that the economy continues to grow. The hope is the U.S. unemployment report coming out this Friday. It is expected that job growth, the most important indicator in terms of the Fed's post-pandemic policy impact could...
Source: PaxForex Premium Analytics Portal, Technical Insight On Monday, the NZD/USD pair attracted some buyers around 0.6950 amid renewed selling of the US dollar. 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD rose to 1.2502 during the U.S. session despite the decline in the U.S. dollar across the market spectrum. 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...
