Source: PaxForex Premium Analytics Portal, Technical Insight NZD concerns as Q2 GDP confirms contraction. NZD/CAD,D1 Pivot: 0.8456 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8456 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300 Take profit 1: 0.8200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Expectations that the Bank of England's (BoE) rate-cutting cycle is more likely to be slower than in the US continue to underpin the British Pound (GBP) and help limit losses for the currency pair. Pivot: 1.7949 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7949 Take Profit 1: 1.8000 Take Profit 2: 1.8100 Alternative scenario: If level 1.7700 is broken-out,...
Source: PaxForex Premium Analytics Portal, Technical Insight CB’s Villeroy sees the policy-easing cycle continuing further. EUR/CAD,D1 Pivot: 1.5112 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5112 Take Profit 1: 1.5200 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY attracts some sellers below 157.50 ahead of Eurozone inflation data. EUR/JPY,D1 Pivot: 157.86 Analysis: While the price is below 160.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.86 Take Profit 1: 155.00 Take Profit 2: 153.00 Alternative scenario: If the level 160.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.00...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY drops back closer to 186.00 mark ahead of UK CPI. Pivot: 186.88 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.88 Take profit 1: 191.00 Take Profit 2: 194.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
