Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD made a two-day high above 0.6950 due to dollar weakness. AUD/USD,D1 Pivot: 0.6924 Analysis: Provided that the currency pair is below 0.7070, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6924 Take Profit 1: 0.6825 Take Profit 2: 0.6700 Alternative scenario: In case of a break-out of the level 0.7070, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight UK, Sunak: The Bank of England will act decisively. GBP/CHF,D1 Pivot: 1.1773 Analysis: While the price is below 1.2000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1773 Take Profit 1: 1.1800 Take Profit 2: 1.1700 Alternative scenario: If the level of 1.2000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2000 Take profit 1: 1.2200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Experts are discussing upside and downside risks to their terminal outlook, and this will largely depend on how the RBNZ evaluates the outlook for economic growth versus the inflation outlook NZD/CAD,D1 Pivot: 0.8169 Analysis: As long as the price is above 0.8080 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8169 Take Profit 1: 0.8250 Take Profit 2: 0.8350 Alternative scenario: If the level of 0.8080 is...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: annual CPI jumped to a 39-year high of 7.7% in May. GBP/CAD,D1 Pivot: 1.5847 Analysis: While the price is below 1.5790, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5847 Take Profit 1: 1.6000 Take Profit 2: 1.6200 Alternative scenario: If the level 1.5790 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5790 Take profit 1: 1.5630...
Source: PaxForex Premium Analytics Portal, Technical Insight Rogers, Bank of Canada: May CPI numbers are an "undesirable number." EUR/CAD,D1 Pivot: 1.3472 Analysis: As long as the price is above 1.3530 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3683 Take Profit 1: 1.3770 Take Profit 2: 1.3900 Alternative scenario: If the level of 1.3530 is broken-down, follow the recommendations below: ...
