Source: PaxForex Premium Analytics Portal, Technical Insight After closing the second consecutive week in positive territory, USD/CAD kept its bullish momentum on Monday and reached its highest level since late January at 1.2805. USD/CAD,D1 Pivot: 1.2757 Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2757 Take Profit 1: 1.2880 Take Profit 2: 1.3030 Alternative scenario: In case of breakdown of the...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD is holding around 1.3815-20, but might test 1.3750, reacting to the tone of the ECB statement. GBP/USD,D1 Pivot: 1.3762 Analysis: While the price is below 1.4040, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3762 Take Profit 1: 1.3670 Take Profit 2: 1.3540 Alternative scenario: If the level 1.4040 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: attention is on the new ECB hints. EUR/USD,D1 Pivot: 1.1812 Analysis: While the price is below 1.1950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1812 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1950 Take Profit 1: 1.2050 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight The RBNZ core inflation model is up 2.2% QoQ for the second quarter of 2021. NZD/USD,D1 Pivot: 0.6983 Analysis: While the price is above 0.6820, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6983 Take Profit 1: 0.7236 Take Profit 2: 0.7349 Alternative scenario: If the level 0.6820 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6820...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is preparing for a reversal towards the strongest growth since March. USD/CAD,D1 Pivot: 1.2570 Analysis: Provided that the currency pair is traded above 1.2250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2570 Take Profit 1: 1.2650 Take Profit 2: 1.2740 Alternative scenario: In case of breakdown of the level 1.2250, follow the recommendations below: Time frame: D1 Recommendation: short...
