Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling rises after strong UK Retail Sales data, ignoring Q3 GDP contraction. GBP/CHF,D1 Pivot: 1.0870 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0870 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight BoC to remain on hold until July – TDS. NZD/CAD,D1 Pivot: 0.8331 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8331 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: Time frame: D1 Recommendation: short position Entry point: 0.8200 Take profit 1: 0.8100...
Source: PaxForex Premium Analytics Portal, Technical Insight UK Inflation data sees markets price in more rate cuts from the BoE. Pivot: 1.6877 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6877 Take Profit 1: 1.6800 Take Profit 2: 1.6700 Alternative scenario: If level 1.7000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7000 Take profit 1: 1.7200...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Kazaks: Rates to remain at 4.00% for some time, first rate cut could come around mid-2024. EUR/CAD,D1 Pivot: 1.4617 Analysis: As long as the price is below 1.4800 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4617 Take Profit 1: 1.4600 Take Profit 2: 1.4500 Alternative scenario: If the level of 1.4800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY rallies above 158.00 as BoJ stays with dovish stance EUR/JPY,D1 Pivot: 157.43 Analysis: While the price is below 159.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.43 Take Profit 1: 156.00 Take Profit 2: 154.00 Alternative scenario: If the level 159.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.50 Take profit 1: 160.80...
