Source: PaxForex Premium Analytics Portal, Technical Insight Traders look to Canadian Retail Sales and speeches by FOMC members for a fresh impetus. NZD/CAD,D1 Pivot: 0.8262 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8262 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Softer Canadian CPI inflation data has triggered the BoC rate cut expectation next week. Pivot: 1.7769 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7769 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600...
Source: PaxForex Premium Analytics Portal, Technical Insight CB rate call looms ahead, rate hold expected for now. EUR/CAD,D1 Pivot: 1.4945 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4945 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4800...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB is broadly expected to keep rates on hold on Thursday as policymakers wait to see if data will improve following an initial quarter-point cut in June. EUR/JPY,D1 Pivot: 172.10 Analysis: While the price is above 171.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 172.10 Take Profit 1: 175.00 Take Profit 2: 177.00 Alternative scenario: If the level 171.00 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY posts modest gains near 205.50 ahead of UK CPI data. Pivot: 204.96 Analysis: As long as the price is above 203.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 204.96 Take profit 1: 207.00 Take Profit 2: 209.00 Alternative scenario: If the level of 203.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 203.00 Take profit...
