Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD sticks to modest gains around 0.6175-80 region, lacks follow-through ahead of US CPI. NZD/USD,D1 Pivot: 0.6170 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6170 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD pair gains momentum below the mid-1.0900s during the early European trading hours on Tuesday. EUR/USD,D1 Pivot: 1.0936 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0936 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD holds steady below 1.3500 amid weaker Oil prices, subdued USD demand. Pivot: 1.3485 Analysis: While the price is above 1.3400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3485 Take Profit 1: 1.3750 Take Profit 2: 1.3900 Alternative scenario: If level 1.3400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3400 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD loses ground above the 0.6600 mark amid a modest rebound in the US Dollar. AUD/USD,D1 Pivot: 0.6611 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6611 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling exhibits strength in Thursday’s London session as investors hope that the BoE will start reducing interest rates after the Fed. GBP/CHF,D1 Pivot: 1.1243 Analysis: While the price is above 1.1050, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1243 Take Profit 1: 1.1300 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1050 is broken-down, follow the recommendations...
