Source: PaxForex Premium Analytics Portal, Technical Insight ECB policymaker Olli Rehn stated on Wednesday that the ECB could continue cutting interest rates if policymakers are confident that inflation is slowing in the near future. EUR/CAD,D1 Pivot: 1.5022 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5022 Take Profit 1: 1.5100 Take Profit 2: 1.5200 Alternative scenario: If the level of 1.4900 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY trims a part of strong intraday gains, manages to hold above the 159.00 mark. EUR/JPY,D1 Pivot: 160.24 Analysis: While the price is below 163.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.24 Take Profit 1: 158.00 Take Profit 2: 155.00 Alternative scenario: If the level 163.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY spikes after dovish remarks by BoJ's Uchida and struggles to hold above the 187.00 mark. Pivot: 186.50 Analysis: As long as the price is below 190.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 186.50 Take profit 1: 184.00 Take Profit 2: 180.00 Alternative scenario: If the level of 190.00 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD holds above 0.5950 as US recession fears mount. NZD/USD,D1 Pivot: 0.5928 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5828 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6000 Take Profit 1: 0.6150 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD bumped higher on Monday before easing back into range. EUR/USD,D1 Pivot: 1.0947 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0947 Take Profit 1: 1.1000 Take Profit 2: 1.1100 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take Profit 1:...
