Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD loses ground after lower Kiwi Inflation Expectations, edges lower to near 0.6110. NZD/USD,D1 Pivot: 0.6108 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6108 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 EUR/USD churns on Monday with the pair hung up on thin markets ahead of US CPI. EUR/USD,D1 Pivot: 1.0766 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0766 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 point: 1.0700...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD consolidates around 1.3460 amid lower Crude prices, subdued US Dollar Pivot: 1.3459 Analysis: While the price is below 1.3600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3459 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 Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds above 0.6500 amid holiday-thinned trade. AUD/USD,D1 Pivot: 0.6520 Analysis: Provided that the currency pair is below 0.6600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6520 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 point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England (BoE) policymaker Jonathan Haskel said that he is encouraged by signals that Britain's inflation pressures might be on the wane, but he would need further evidence of a slowdown before altering his view, per Reuters. GBP/CHF,D1 Pivot: 1.1047 Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1247 Take Profit 1: 1.1100 Take Profit 2: 1.1200...
