Source: PaxForex Premium Analytics Portal, Technical Insight ECB: June remains the most likely timing for the first cut – Nordea. EUR/CAD,D1 Pivot: 1.4596 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4596 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 Bank of England: The conditions for rate cuts this summer are unfolding – ANZ. GBP/CHF,D1 Pivot: 1.1118 Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1118 Take Profit 1: 1.1200 Take Profit 2: 1.1300 Alternative scenario: If the level of 1.0850 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD further benefits from the RBNZ Governor Adrian Orr’s recent comments, which fuelled speculations that the central bank will delay cutting its benchmark rates. NZD/CAD,D1 Pivot: 0.8289 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8289 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight Japanese Yen lacks firm near-term direction, looks to FOMC minutes for fresh impetus. EUR/JPY,D1 Pivot: 161.82 Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.82 Take Profit 1: 162.00 Take Profit 2: 164.00 Alternative scenario: If the level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY flattens after BoE Bailey’s words, the outlook is still bullish. Pivot: 189.13 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 189.13 Take profit 1: 190.00 Take Profit 2: 192.00 Alternative scenario: If the level of 186.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
