Source: PaxForex Premium Analytics Portal, Technical Insight The decline of crude oil prices exerts some selling pressure on the commodity-linked CAD as Canada is the largest oil exporter to the United States. NZD/CAD,D1 Pivot: 0.8367 Analysis: As long as the price is below 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8367 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling clings to gains as slower decline in UK CPI dents BoE rate cut bets. Pivot: 1.7406 Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7406 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar is broadly softer as the CAD loses its defensive posture. EUR/CAD,D1 Pivot: 1.4811 Analysis: As long as the price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4811 Take Profit 1: 1.4900 Take Profit 2: 1.5000 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 EUR/JPY is rallying sharply higher after the strong bounce off the 164.00 support level and the medium-term ascending trend line. EUR/JPY,D1 Pivot: 169.88 Analysis: While the price is above 165.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 169.88 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 165.50 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY coils just beneath 199.00 as markets await UK CPI inflation. Pivot: 199.48 Analysis: As long as the price is above 195.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 199.48 Take profit 1: 200.00 Take Profit 2: 202.00 Alternative scenario: If the level of 195.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 195.00 Take...
