Source: PaxForex Premium Analytics Portal, Technical Insight The United Kingdom’s (UK) industrial sector activity showed an improvement in June, the latest data published by Office for National Statistics (ONS) showed on Friday. .GBP/CHF,D1 Pivot: 1.1130 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1130 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is broken-out ,...
Source: PaxForex Premium Analytics Portal, Technical Insight Kiwi struggles to justify dovish bias about the Federal Reserve (Fed) amid concerns about witnessing the Reserve Bank of New Zealand’s (RBNZ) inaction. NZD/CAD,D1 Pivot: 0.8074 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8074 Take Profit 1: 0.8025 Take Profit 2: 0.7950 Alternative scenario: If the level of 0.8260 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound will come under depreciation pressure in the medium term – Commerzbank. Pivot: 1.7057 Analysis: While the price is above 1.6900, follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 1.7057 Take Profit 1: 1.7150 Take Profit 2: 1.7300 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6900 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight Consumer expectations for euro-area inflation fell in June but remained above the European Central Bank’s 2% target as officials ponder whether to continue their unprecedented bout of interest-rate hikes. EUR/CAD,D1 Pivot: 1.4729 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4729 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY struggles for a firm intraday direction, stuck in the range around 157.00 mark. EUR/JPY,D1 Pivot: 157.11 Analysis: While the price is above 154.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.11 Take Profit 1: 158.00 Take Profit 2: 159.00 Alternative scenario: If the level 154.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 154....
