Source: PaxForex Premium Analytics Portal, Technical Insight The BoE is expected to hold interest rates steady at 5.25% for the straight sixth time at its May 9 meeting. GBP/CHF,D1 Pivot: 1.1398 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1398 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ’s Hawkesby: High global inflation remains a key risk for financial stability. NZD/CAD,D1 Pivot: 0.8153 Analysis: AAs long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8153 Take Profit 1: 0.8250 Take Profit 2: 0.8350 Alternative scenario: If the level of 0.8100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD fluctuates as the Federal Reserve hold rates. Pivot: 1.7184 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7184 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 Entry point: 1.6900 Take profit 1: 1.6800 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada (BoC) Governor Tiff Macklem reiterated the central bank's confidence in a continued decline in inflation. EUR/CAD,D1 Pivot: 1.4705 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4705 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Eurozone inflation and growth data cast doubt on ECB rate cut hopes. EUR/JPY,D1 Pivot: 165.69 Analysis: While the price is above 165.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 168.25 Take Profit 1: 169.00 Take Profit 2: 171.00 Alternative scenario: If the level 165.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 165.50 Take profit 1:...