Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar flattens on Thursday as markets await US NFP. NZD/CAD,D1 Pivot: 0.8466 Analysis: As long as the price is below 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8466 Take Profit 1: 0.8550 Take Profit 2: 0.8650 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling falls back after strong US ISM Services PMI report. Pivot: 1.7495 Analysis: While the price is above 1.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7495 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 position Entry point: 1.7300 Take profit 1: 1.7200...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB is anticipated to announce its first rate cut since March 2016 at the conclusion of its June policy meeting today. EUR/CAD,D1 Pivot: 1.4881 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4881 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4700 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair endured significant selling pressure pushing below the cross below the strong support level of the 20-day SMA at 169.30, and touching a low of 168.50. EUR/JPY,D1 Pivot: 169.29 Analysis: While the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.50 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 167.00 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight UK’s persistent service inflation remains a major concern for BoE policymakers. Pivot: 198.74 Analysis: As long as the price is above 197.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 198.74 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...
