Source: PaxForex Premium Analytics Portal, Technical Insight The world markets continue trading near record highs; nevertheless, the currency market is clearly entering a phase of caution ahead of the Fed meeting in the middle of the week. NZD/USD, D1 Pivot: 0.7135 Analysis: While the price is below 0.7290, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7135 Take Profit 1: 0.7000 Take Profit 2: 0.6940 Alternative scenario: If the level 0.7290 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Manufacturing sales fell 2.1% in April. USD/CAD,D1 Pivot: 1.2161 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2161 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2275, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2275 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Goldman Sachs analysts believe the Fed will not yet signal an imminent unwinding at this week's monetary policy meeting (June 15). GBP/USD,D1 Pivot: 1.4116 Analysis: While the price is above 1.3970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4116 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Alternative scenario: If the level 1.3970 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB head K. Lagarde said in an interview with Politico that it is too early to discuss the end of the bond-buying program within the framework of the PEPP anti-crisis program. EUR/USD,D1 Pivot: 1.2098 Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2098 Take Profit 1: 1.2265 Take Profit 2: 1.2350 Alternative scenario: If the level 1.1980 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. dollar traded fairly steady Thursday, even despite the biggest jump in inflation since August 2008. NZD/USD,D1 Pivot: 0.7207 Analysis: While the price is below 0.7412, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7207 Take Profit 1: 0.6931 Take Profit 2: 0.6796 Alternative scenario: If the level 0.7412 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
