Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD depreciates amid risk aversion due to geopolitical tensions, trades below 0.5900. NZD/USD,D1 Pivot: 0.5890 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5890 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD falls toward 1.0600 on higher expectations of the Fed prolonging higher rates. EUR/USD,D1 Pivot: 1.0617 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0617 Take Profit 1: 1.0500 Take Profit 2: 1.0400 Alternative scenario: If level 1.0700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices. Pivot: 1.3750 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3750 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...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD sticks to modest gains, the upside seems limited amid geopolitical risks and bullish USD. AUD/USD,D1 Pivot: 0.6486 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6486 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England's MPC member Megan Greene said in the Financial Times (FT) interview on Thursday that “UK services inflation remains much higher than in the US.” GBP/CHF,D1 Pivot: 1.1421 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1421 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.1200 is broken-down,...
