Source: PaxForex Premium Analytics Portal, Technical Insight On the Pound Sterling front, investors are awaiting the release of the United Kingdom Retail Sales data (April). As per the preliminary report, monthly Retail Sales are seen expanding by 0.3% against a contraction of 0.9% reported last month. GBP/CHF,D1 Pivot: 1.1159 Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1159 Take Profit 1: 1.1240 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ´s Silk: RBNZ can hold now and see what develops. NZD/CAD,D1 Pivot: 0.8272 Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8272 Take Profit 1: 0.8235 Take Profit 2: 0.8100 Alternative scenario: If the level of 0.8400 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8400 Take profit 1: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The UK's April CPI data surprised to the upside, with headline inflation and energy prices receding less than expected. GBP/CAD,D1 Pivot: 1.6794 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6794 Take Profit 1: 1.7150 Take Profit 2: 1.7400 Alternative scenario: If level 1.6650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Vasle: Further interest-rate increases will be needed. EUR/CAD,D1 Pivot: 1.4599 Analysis: As short as the price is below 1.4750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4599 Take Profit 1: 1.4500 Take Profit 2: 1.4400 Alternative scenario: If the level of 1.4750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4750 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY stalls around 149.20s after hitting a weekly high of around 150.00. EUR/JPY,D1 Pivot: 149.31 Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.31 Take Profit 1: 151.50 Take Profit 2: 153.00 Alternative scenario: If the level 146.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 146.80 Take...
