Source: PaxForex Premium Analytics Portal, Technical Insight Expectations of a hawkish shift from the Bank of England caused the closing of short positions with the pound. GBP/USD,D1 Pivot: 1.3809 Analysis: While the price is below 1.4075, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3809 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Lagarde: the recovery is gaining momentum, we need to provide support for it. EUR/USD,D1 Pivot: 1.1872 Analysis: While the price is below 1.2020, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1872 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...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand intends to strike free trade deals with Britain and the EU this year in an effort to diversify its export markets amid growing tensions with China, the trade minister said. NZD/USD,D1 Pivot: 0.6947 Analysis: While the price is below 0.7160, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6947 Take Profit 1: 0.6800 Take Profit 2: 0.6680 Alternative scenario: If the level 0.7160 is broken-out...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD continues to update multi-month highs. 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 below: Time frame: D1 Recommendation: short position Entry point: 1.2180...
Source: PaxForex Premium Analytics Portal, Technical Insight Downside risks remain, as long as price remains under our strong resistance at 1.4100 GBP/USD,D1 Pivot: 1.3973 Analysis: While the price is below 1.4240, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3973 Take Profit 1: 1.3800 Take Profit 2: 1.3670 Alternative scenario: If the level 1.4240 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4240...
