Source: PaxForex Premium Analytics Portal, Technical Insight Investors’ confidence in the UK economy's outlook improved after the preliminary PMI report from S&P Global/CIPS for April showed that new business volumes increased across the private sector as a whole. GBP/CHF,D1 Pivot: 1.1414 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1414 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar churned on Thursday after mixed US data flummoxes markets. NZD/CAD,D1 Pivot: 0.8136 Analysis: AAs long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8136 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: short ...
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:...