Source: PaxForex Premium Analytics Portal, Technical Insight After being in a narrow range around 1.2100 for most of the day, the USD/CAD dropped in the US trading and posted a daily low at 1.2068. USD/CAD,D1 Pivot: 1.2084 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2084 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2275, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reported citing informed sources that ECB officials will hold a three-day meeting starting on June 18 in which they will review the bank's strategy. EUR/USD,D1 Pivot: 1.2185 Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2185 Take Profit 1: 1.2350 Take Profit 2: 1.2450 Alternative scenario: If the level 1.1980 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD rising to 1.4200 on statements by the Bank of England's chief economist. GBP/USD,D1 Pivot: 1.4185 Analysis: While the price is above 1.3970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4185 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Alternative scenario: If the level 1.3970 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3970...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD continues to fall to a new daily low at 0.7200. NZD/USD,D1 Pivot: 0.7211 Analysis: While the price is below 0.7412, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7207 Take Profit 1: 0.6931 Take Profit 2: 0.6796 Alternative scenario: If the level 0.7412 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7412 Take Profit 1: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD rose to 1.2100 early in the North American session but could not break through the daily range. USD/CAD,D1 Pivot: 1.2078 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2078 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame...
