Source: PaxForex Premium Analytics Portal, Technical Insight The UK Retail Sales rose 0.3% over the month in May vs. -0.2% expected and 0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, increased 0.1% MoM vs. -0.3% expected and 0.7% previous. GBP/CHF,D1 Pivot: 1.1424 Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1424 Take Profit 1: 1.1450 Take Profit 2: 1.1500 Alternative scenario: If the level...
Source: PaxForex Premium Analytics Portal, Technical Insight NZ FinMin Robertson, Treasury criticizes higher interest rates. NZD/CAD,D1 Pivot: 0.8100 Analysis: As long as the price is below 0.8270 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8100 Take Profit 1: 0.8050 Take Profit 2: 0.7950 Alternative scenario: If the level of 0.8270 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8270 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The recently released May CPI report in the UK brings more bad news, as the month-on-month (MoM) gain in CPI is 0.7%, surpassing the expected 0.4% increase. Consequently, the annual rate remains unchanged at 8.7% instead of the anticipated decline to 8.4%. Pivot: 1.6790 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6790 Take Profit 1: 1.7150 Take Profit 2: 1.7400...
Source: PaxForex Premium Analytics Portal, Technical Insight Hawkish ECB comments are supporting the Euro – Scotiabank. EUR/CAD,D1 Pivot: 1.4458 Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4458 Take Profit 1: 1.4300 Take Profit 2: 1.4200 Alternative scenario: If the level of 1.4600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4600 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY ticks higher to 180.70-75 area ahead of UK CPI, focus remains on BoE on Thursday. GBP/JPY,D1 Pivot: 181.35 Analysis: As long as the price is above 177.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 181.35 Take profit 1: 182.00 Take Profit 2: 184.00 Alternative scenario: If the level of 177.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
