Source: PaxForex Premium Analytics Portal, Technical Insight In Monday's session, the NZD/USD pair traded with mild losses, and sellers gained ground. NZD/USD,D1 Pivot: 0.6021 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6021 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD finds thin gains on Monday, but technicals weigh heavy ahead of US inflation updates. EUR/USD,D1 Pivot: 1.0786 Analysis: While the price is above 1.0650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0786 Take Profit 1: 1.0800 Take Profit 2: 1.0900 Alternative scenario: If level 1.0650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD holds positive ground above 1.3650, focus on Fedspeak. Pivot: 1.3681 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3681 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit 1: 1.3500 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD posts modest gains above 0.6600, investors await fresh catalysts AUD/USD,D1 Pivot: 0.6609 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6609 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE kept its borrowing costs on hold at 5.25% for the sixth meeting in a row on Thursday and signaled that it could begin cutting interest rates as early as next month as inflation is “moving in the right direction.” GBP/CHF,D1 Pivot: 1.1355 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1355 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative...