Source: PaxForex Premium Analytics Portal, Technical Insight Expectations for June rate cuts by the Bank of Canada have waned due to recent data indicating ongoing price pressures. NZD/CAD,D1 Pivot: 0.8373 Analysis: As long as the price is below 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8373 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight A softer UK inflation outlook triggered the rate cut expectation from the BoE. Pivot: 1.7418 Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7418 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 Recommendation: short position Entry point: 1.7200 Take profit...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada remains absent from the economic calendar on Wednesday, leaving CAD traders to look ahead to Thursday’s Canadian Current Account, which is expected to fall to -5.5 billion after climbing to a six-month high of -1.62 billion in the previous quarter. EUR/CAD,D1 Pivot: 1.4815 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4815 Take Profit 1: 1.4900...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB Survey: Consumers see inflation lower for year ahead at 2.9% in April. EUR/JPY,D1 Pivot: 170.50 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 recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY breaks into fresh multi-decade highs as Yen continues to soften. Pivot: 200.47 Analysis: As long as the price is above 197.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 200.47 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...
