Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD posts modest gains above the mid-0.6000s amid risk-on impulse. NZD/USD,D1 Pivot: 0.6107 Analysis: While the price is above 0.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6107 Take Profit 1: 0.6350 Take Profit 2: 0.6450 Alternative scenario: If level 0.6100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD lacks any firm near-term direction and oscillates in a range below 1.0900. EUR/USD,D1 Pivot: 1.0907 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.9007 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD snaps a two-day losing streak on lower Crude prices and improves to near 1.3430. Pivot: 1.3435 Analysis: While the price is below 1.3600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3435 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...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD consolidates around the 0.6600 mark on the softer USD. AUD/USD,D1 Pivot: 0.6587 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6587 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Today’s UK retail sales numbers for December could take some of the edge of this week’s surge in yields, although the UK consumer was able to spend in the lead-up to Christmas, albeit in a discerning manner. GBP/CHF,D1 Pivot: 1.1010 Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1010 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario:...
