Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD extends its upside above 0.6150, China’s property support measures boost the Kiwi. NZD/USD,D1 Pivot: 0.6157 Analysis: While the price is above 0.6000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6157 Take Profit 1: 0.6250 Take Profit 2: 0.6350 Alternative scenario: If level 0.6000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD treads water near 1.0860 as markets gear up for another week of Fed-watching. EUR/USD,D1 Pivot: 1.0874 Analysis: While the price is above 1.0700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0874 Take Profit 1: 1.0900 Take Profit 2: 1.1000 Alternative scenario: If level 1.0700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD finds cushion near 1.3650, reversal likely on firm BoC rate-cut bets. Pivot: 1.3663 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3663 Take Profit 1: 1.3800 Take Profit 2: 1.3900 Alternative scenario: If level 1.3600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3600 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD gathers strength toward 0.6650 on weaker US Dollar. AUD/USD,D1 Pivot: 0.6634 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6634 Take Profit 1: 0.6800 Take Profit 2: 0.6900 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight A slower-than-expected decline in the UK inflation weakens the BoE rate-cut case for June. GBP/CHF,D1 Pivot: 1.1614 Analysis: While the price is above 1.1500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1614 Take Profit 1: 1.1700 Take Profit 2: 1.1800 Alternative scenario: If the level of 1.1500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
