Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England has not yet made a decision on the launch of the digital currency by the central bank. GBP/USD, D1 Pivot: 1.4159 Analysis: While the price is above 1.3970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4159 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 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Following Thursday's meeting the ECB's key interest rate is likely to remain at 0%. EUR/USD, D1 Pivot: 1.2177 Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2177 Take Profit 1: 1.2350 Take Profit 2: 1.2450 Alternative scenario: If the level 1.1980 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Analysts at CIBC Capital Markets write that the kiwi is consolidating after rising over the past month. The outlook for the kiwi remains positive, but the rate of growth will slow down. NZD/USD, D1 Pivot: 0.7211 Analysis: While the price is above 0.7140, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7211 Take Profit 1: 0.7315 Take Profit 2: 0.7385 Alternative scenario: If the level 0.7140 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight The main pressure on the pair right now is the weakening of the US dollar after the release of the disappointing NFP data from the US labor market for May. USD/CAD, D1 Pivot: 1.2078 Analysis: Provided that the currency pair is traded below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2080 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of breakout of the level 1.2275...
Source: PaxForex Premium Analytics Portal, Technical Insight The GBP/USD is declining more than 50 pips and is trading under the 20 SMA again for the first time in a month. GBP/USD, D1 Pivot: 1.4133 Analysis: While the price is above 1.3950, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4133 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Alternative scenario: If the level 1.3950 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
