Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD flat lines around 1.3725-1.3730 area, below multi-week top touched on Friday. Pivot: 1.3739 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3739 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD dips beneath 0.6700 on risk aversion. AUD/USD,D1 Pivot: 0.6662 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6662 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 0.6600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Diminishing odds for a BoE rate cut in August to lend support ahead of UK Retail Sales. GBP/CHF,D1 Pivot: 1.1499 Analysis: While the price is above 1.1400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1499 Take Profit 1: 1.1600 Take Profit 2: 1.1700 Alternative scenario: If the level of 1.1400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight Traders look to Canadian Retail Sales and speeches by FOMC members for a fresh impetus. NZD/CAD,D1 Pivot: 0.8262 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8262 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Softer Canadian CPI inflation data has triggered the BoC rate cut expectation next week. Pivot: 1.7769 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7769 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...
