Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD trades flat around the mid-0.6100s ahead of PBoC rate decision. NZD/USD,D1 Pivot: 0.6140 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6140 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 point: 0.6000 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs. EUR/USD,D1 Pivot: 1.0773 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0773 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 position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD attracts some sellers below the 1.3500 mark ahead of Canadian CPI data. Pivot: 1.3474 Analysis: While the price is below 1.3600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3474 Take Profit 1: 1.3200 Take Profit 2: 1.3100 Alternative scenario: If level 1.3600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD gains ground below the mid-0.6500s, eyes on RBA minutes. AUD/USD,D1 Pivot: 0.6543 Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6543 Take Profit 1: 0.6400 Take Profit 2: 0.6300 Alternative scenario: In case level 0.6600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The Office of National Statistics (ONS) in the UK reported that the economy fell into a recession at the end of 2023. GBP/CHF,D1 Pivot: 1.1083 Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1083 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.0850 is broken-down, follow the recommendations below: Time frame: D1...
