Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD drops to near 0.5950 ahead of the Fed decision on Wednesday. NZD/USD,D1 Pivot: 0.5930 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5930 Take Profit 1: 0.5800 Take Profit 2: 0.5900 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6050 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair meets with some supply during the Asian session on Tuesday and erodes a part of the previous day's gains amid the emergence of fresh US Dollar buying. EUR/USD,D1 Pivot: 1.0693 Analysis: While the price is below 1.0700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0693 Take Profit 1: 1.0500 Take Profit 2: 1.0400 Alternative scenario: If level 1.0700 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar loses some ground against Greenback on US PCE topside miss. Pivot: 1.3646 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3646 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight Australian Dollar rises on bets of RBA increasing policy rate. AUD/USD,D1 Pivot: 0.6565 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6565 Take Profit 1: 0.6600 Take Profit 2: 0.6700 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Investors’ confidence in the UK economy's outlook improved after the preliminary PMI report from S&P Global/CIPS for April showed that new business volumes increased across the private sector as a whole. GBP/CHF,D1 Pivot: 1.1414 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1414 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If...
