Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures. NZD/CAD,D1 Pivot: 0.8314 Analysis: As long as the price is below 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8316 Take Profit 1: 0.8400 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8300 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling weakens amid uncertainty ahead of US core PCE inflation. Pivot: 1.7302 Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7302 Take Profit 1: 1.7500 Take Profit 2: 1.7600 Alternative scenario: If level 1.7200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7200 Take profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Panetta: ECB will pursue normalization gradually and smoothly. EUR/CAD,D1 Pivot: 1.4639 Analysis: As long as the price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4639 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight Japan's Vice Finance Minister Masato Kanda reiterated that the government is prepared to take appropriate action if excessive currency fluctuations have a negative impact on the national economy. EUR/JPY,D1 Pivot: 170.97 Analysis: While the price is above 168.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.97 Take Profit 1: 173.00 Take Profit 2: 174.50 Alternative scenario: If the level 168.00 ...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY hits another 16-year high as markets dare BoJ to intervene. Pivot: 202.63 Analysis: As long as the price is above 199.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 202.63 Take profit 1: 204.00 Take Profit 2: 206.00 Alternative scenario: If the level of 199.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 199.00 Take...
