Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD remains under selling pressure below 0.6000 on rising RBNZ rate cut bets. NZD/USD,D1 Pivot: 0.5966 Analysis: While the price is above 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5966 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6050...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD inches higher to near 1.0900; next barrier at four-month highs. EUR/USD,D1 Pivot: 1.0884 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0884 Take Profit 1: 1.0900 Take Profit 2: 1.1000 Alternative scenario: If level 1.0700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0700 Take...
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...
