Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD improves to near 0.6260, risk-on sentiment after Fed’s Bostic comments. NZD/USD,D1 Pivot: 0.6243 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6243 Take Profit 1: 0.6350 Take Profit 2: 0.6450 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD retraces its recent gains as the US Dollar attempts to recover its recent losses. AUD/USD,D1 Pivot: 1.0957 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0957 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...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD trades with modest gains above mid-1.3300s, lacks bullish conviction Pivot: 1.3373 Analysis: While the price is below 1.3600, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3373 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 trades with mild negative bias above 0.6700, eyes on Australian Retail Sales data. AUD/USD,D1 Pivot: 0.6705 Analysis: Provided that the currency pair is above 0.6600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6705 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Deepening UK recession fears could imapct the Pound Sterling ahead. GBP/CHF,D1 Pivot: 1.0791 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0791 Take Profit 1: 1.0900 Take Profit 2: 1.1000 Alternative scenario: If the level of 1.0700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0700...
