Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: unlikely to soar to 0.70 even in case of a hawkish surprise from the RBA - ING. AUD/USD,D1 Pivot: 0.6827 Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6827 Take Profit 1: 0.6700 Take Profit 2: 0.6600 Alternative scenario: In case of a break-out of the level 0.7070, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The near-term trajectory of the pound is shifted to the downside, although it is correcting quite decently. The Bank of England plus fiscal support could help strengthen the pound. GBP/CHF,D1 Pivot: 1.1646 Analysis: While the price is below 1.2000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1646 Take Profit 1: 1.1585 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.2000 is broken-out, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Real GDP rose 0.3% in April as expected. NZD/CAD,D1 Pivot: 0.8026 Analysis: As long as the price is below 0.8165 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8026 Take Profit 1: 0.7950 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8165 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8165 Take profit 1: 0.8250 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Dhingra: The weakening sterling does not help British exports. GBP/CAD,D1 Pivot: 1.5665 Analysis: While the price is above 1.5600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5665 Take Profit 1: 1.5850 Take Profit 2: 1.6000 Alternative scenario: If the level 1.5600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Lagarde: it is unlikely that we will return to a low inflation environment. EUR/CAD,D1 Pivot: 1.3472 Analysis: As long as the price is above 1.3440 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3482 Take Profit 1: 1.3675 Take Profit 2: 1.3770 Alternative scenario: If the level of 1.3440 is broken-down, follow the recommendations below: ...
