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...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Holzmann: No reason to cut key interest rates too quickly and too strongly. EUR/CAD,D1 Pivot: 1.4705 Analysis: As long as the price is above 1.4600 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4747 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight BoJ’s Ueda: Monetary policy does seek not to control forex rates. EUR/JPY,D1 Pivot: 166.71 Analysis: While the price is above 165.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.71 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...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY flubbed a bullish run at the 194.00 handle, floundering in recent technical congestion as the pair struggles to develop momentum. Pivot: 193.82 Analysis: As long as the price is above 193.50 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 193.82 Take profit 1: 198.00 Take Profit 2: 200.00 Alternative scenario: If the level of 193.50 is broken-down , follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD pair is seen exhibiting a minor decline, dropping towards the 0.6000 level in Monday's session. NZD/USD,D1 Pivot: 0.6005 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6005 Take Profit 1: 0.5800 Take Profit 2: 0.5700 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...