Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD depreciates to near 1.3800 due to higher crude Oil prices. Pivot: 1.3822 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3822 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1: 1.3500...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales. AUD/USD,D1 Pivot: 0.6553 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6553 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE is expected to cut rates for the first time in more than four years at its policy meeting next week. GBP/CHF,D1 Pivot: 1.1339 Analysis: While the price is above 1.1400, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1399 Take Profit 1: 1.1200 Take Profit 2: 1.1100 Alternative scenario: If the level of 1.1400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The CAD heaved on Thursday, tossed around by general market flows as investors reacted to an unexpected surge in US GDP figures for the second quarter. NZD/CAD,D1 Pivot: 0.8135 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8135 Take Profit 1: 0.8100 Take Profit 2: 0.8000 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar roils after BoC delivers a rate cut but revises growth forecast lower. Pivot: 1.7808 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7808 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600...
