Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ’s Orr: Bank remains laser-focused on its job to control inflation. NZD/CAD,D1 Pivot: 0.8151 Analysis: As long as the price is below 0.8200 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8151 Take Profit 1: 0.8000 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Money market futures traders see the BoE cutting rates 25 basis points in June, with odds standing at 66%. Pivot: 1.7100 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7100 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Holzmann: I have no in-principle objection to a June rate cut. EUR/CAD,D1 Pivot: 1.4949 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4649 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: Bullish trend intact, as long as bulls defend the 20-day SMA. EUR/JPY,D1 Pivot: 162.35 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 163.35 Take Profit 1: 166.00 Take Profit 2: 168.00 Alternative scenario: If the level 161.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.00 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Sterling is moderately higher on Tuesday, favored by a somewhat weaker Yen, which suffers when US Treasury yields rise and the upbeat UK manufacturing figures. Pivot: 190.65 Analysis: As long as the price is above 188.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 190.65 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 188.00 is broken-down , follow the...
