Source: PaxForex Premium Analytics Portal, Technical Insight The modest decline in crude oil price might weigh on the commodity-linked Canadian Dollar (CAD), as Canada is the major crude oil exporter to the United States. NZD/CAD,D1 Pivot: 0.8320 Analysis: As long as the price is below 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8320 Take Profit 1: 0.8400 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8300 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Britain seems poised to elect Labour Party leader Keir Starmer as the next prime minister, replacing Rishi Sunak's Conservatives after 14 years. Pivot: 1.7302 Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7370 Take Profit 1: 1.7500 Take Profit 2: 1.7600 Alternative scenario: If level 1.7200 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Headline Eurozone HICP decelerated expectedly, while the core figure grew steadily year-on-year. EUR/CAD,D1 Pivot: 1.4706 Analysis: As long as the price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4706 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY moves above 173.00, reacts positively to Le Pen National Rally’s sweep. EUR/JPY,D1 Pivot: 173.47 Analysis: While the price is above 171.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 173.47 Take Profit 1: 175.00 Take Profit 2: 177.00 Alternative scenario: If the level 171.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 171.00...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY continues march towards 205.00 as Yen declines extend. Pivot: 204.82 Analysis: As long as the price is above 201.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 204.82 Take profit 1: 206.00 Take Profit 2: 207.00 Alternative scenario: If the level of 201.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 201.00 Take profit 1:...
