Source: PaxForex Premium Analytics Portal, Technical Insight Firm expectations that the RBNZ will keep interest rates at their current levels for the entire year keep the New Zealand Dollar upbeat. NZD/CAD,D1 Pivot: 0.8436 Analysis: As long as the price is below 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8436 Take Profit 1: 0.8550 Take Profit 2: 0.8650 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The UK Gross Domestic Product came in at 0% in April after growing 0.4% in March, in line with the market consensus. Pivot: 1.7562 Analysis: While the price is above 1.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7562 Take Profit 1: 1.7600 Take Profit 2: 1.7700 Alternative scenario: If level 1.7300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada Governor Tiff Macklem said late Wednesday that there is a limit to how far the Canadian central bank can diverge on rates from the Fed, but they’re not close to that limit. EUR/CAD,D1 Pivot: 1.4845 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4845 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1....
Source: PaxForex Premium Analytics Portal, Technical Insight On Tuesday, the EUR/JPY pair continued to float around the 168.00 level, moving minorly negative as the pair continued sideways trading. EUR/JPY,D1 Pivot: 166.93 Analysis: While the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 168.93 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 167.00 is broken-down, follow the recommendations below: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY remains firm above 200.00 following the mixed UK employment data. Pivot: 200.40 Analysis: As long as the price is above 197.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 200.40 Take profit 1: 202.00 Take Profit 2: 204.00 Alternative scenario: If the level of 197.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 197.00...