Source: PaxForex Premium Analytics Portal, Technical Insight The strengthening of the dollar may gain momentum on the eve of Friday's publication of the monthly report on changes in the number of US Non-Farm Payrolls. The number of jobs in June is expected to increase by 690,000 after 559,000 in May and the unemployment rate is expected to fall by 0.1% to 5.7%. The steady improvement in the labor market may provoke a new round of talk that the Fed may move more quickly to a tighter monetary policy than the central bank's...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD cannot consolidate above 0.7000. NZD/USD,D1 Pivot: 0.6999 Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6999 Take Profit 1: 0.6920 Take Profit 2: 0.6800 Alternative scenario: If the level 0.7160 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7160 Take Profit 1: 0.7240 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD weakened yesterday after US and Canadian economic statistics block releases. USD/CAD,D1 Pivot: 1.2301 Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2301 Take Profit 1: 1.2480 Take Profit 2: 1.2630 Alternative scenario: In case of breakdown of the level 1.2180, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD is cutting its losses and climbing towards the area of 1.3850. GBP/USD,D1 Pivot: 1.3883 Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3883 Take Profit 1: 1.3670 Take Profit 2: 1.3500 Alternative scenario: If the level 1.4075 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4075 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: The Fed will start tapering off its stimulus policy sooner than the ECB. EUR/USD,D1 Pivot: 1.1938 Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1938 Take Profit 1: 1.1845 Take Profit 2: 1.1775 Alternative scenario: If the level 1.2020 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2020...
