Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD remains on the defensive below 0.6100 ahead of US Retail Sales data. NZD/USD,D1 Pivot: 0.6056 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6056 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6000 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD holds below 1.0900 on firmer US Dollar, US Retail Sales eyed. EUR/USD,D1 Pivot: 1.0887 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0830 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 holds positive ground above 1.3650 as risk aversion boosts the US Dollar. Pivot: 1.3659 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3639 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 The Australian Dollar edged lower on Monday, trading around its six-month high of 0.6798 recorded on Thursday. AUD/USD,D1 Pivot: 0.6773 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6773 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling performs strongly on faster UK GDP growth and soft US Inflation data. GBP/CHF,D1 Pivot: 1.1568 Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1568 Take Profit 1: 1.1650 Take Profit 2: 1.1750 Alternative scenario: If the level of 1.1250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
