Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling recovery stalls amid firm speculation for early BoE rate cuts. Pivot: 1.7092 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7092 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...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Nagel: June rate cut not necessarily followed up by a series of rate cuts. EUR/CAD,D1 Pivot: 1.4670 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4670 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY rose towards 165.64 in Tuesday’s session, its highest level since 2008, showcasing clear bullish signals that point to further gains. EUR/JPY,D1 Pivot: 165.69 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.69 Take Profit 1: 166.00 Take Profit 2: 168.00 Alternative scenario: If the level 161.00 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY climbs towards 192.80 after UK Services PMI hit an 11-month high. Pivot: 192.80 Analysis: As long as the price is above 188.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 192.80 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 188.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 188.00...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD bears hold sway, subtle signs of potential bullish reversal emerging. NZD/USD,D1 Pivot: 0.5912 Analysis: While the price is below 0.6050, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5912 Take Profit 1: 0.5800 Take Profit 2: 0.5900 Alternative scenario: If level 0.6050 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6050...