Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD fell to a daily low of 1.2280 early in the American session on Thursday, but it managed to change direction. USD/CAD,D1 Pivot: 1.2318 Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2318 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Analysts expect the Bank of England to remain cautiously optimistic about the recovery and keep its key rate at 0.1%. GBP/USD,D1 Pivot: 1.3939 Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3939 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight Goldman Sachs lowered its three-month forecast for EUR/USD to 1.20. EUR/USD,D1 Pivot: 1.1895 Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1895 Take Profit 1: 1.1775 Take Profit 2: 1.1700 Alternative scenario: If the level 1.2020 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2020 Take Profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. dollar index rose to 92.00 before FOMC Chairman Powell's speech. NZD/USD,D1 Pivot: 0.6975 Analysis: While the price is below 0.7161, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6975 Take Profit 1: 0.6701 Take Profit 2: 0.6571 Alternative scenario: If the level 0.7161 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7161...
Source: PaxForex Premium Analytics Portal, Technical Insight The impressive rally in crude oil prices and the widespread weakness of the dollar caused the USD/CAD pair to suffer big losses. USD/CAD,D1 Pivot: 1.2442 Analysis: Provided that the currency pair is traded above 1.2180, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2442 Take Profit 1: 1.2630 Take Profit 2: 1.2740 Alternative scenario: In case of breakdown of the level 1.2180, follow the recommendations...
