Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD holds positive ground above 1.3650, focus on Fedspeak. Pivot: 1.3681 Analysis: While the price is above 1.3600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3681 Take Profit 1: 1.3900 Take Profit 2: 1.4000 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 1: 1.3500 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD posts modest gains above 0.6600, investors await fresh catalysts AUD/USD,D1 Pivot: 0.6609 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6609 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE kept its borrowing costs on hold at 5.25% for the sixth meeting in a row on Thursday and signaled that it could begin cutting interest rates as early as next month as inflation is “moving in the right direction.” GBP/CHF,D1 Pivot: 1.1355 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1355 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand Finance Minister Willis: The economic situation is challenging for the government. NZD/CAD,D1 Pivot: 0.8242 Analysis: AAs long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8242 Take Profit 1: 0.8350 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8100 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE is likely to keep the key rate of interest unchanged at 5.25% at its May meeting on Thursday. Pivot: 1.7144 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7144 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...