Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD extends gains to near 1.3900 due to lower Oil prices. Pivot: 1.3887 Analysis: While the price is above 1.3800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3887 Take Profit 1: 1.4000 Take Profit 2: 1.4100 Alternative scenario: If level 1.3800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3800 Take Profit 1: 1.3700 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD remains weak near 0.6600 amid the firmer US Dollar. AUD/USD,D1 Pivot: 0.6599 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6599 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 position Entry point: 0.6500...
Source: PaxForex Premium Analytics Portal, Technical Insight Markets bid up the Pound Sterling despite UK PMI figures missing the mark. GBP/CHF,D1 Pivot: 1.1222 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1222 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The weakening of the commodity-linked CAD is bolstered by lower Oil prices. NZD/CAD,D1 Pivot: 0.8301 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8301 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling swooned on Wednesday, declining further as GBP markets buckle under the weight of a broad-market Greenback recovery and investors brace for an overall decline in UK PMI prints for October. Pivot: 1.7875 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7875 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken...
