Source: PaxForex Premium Analytics Portal, Technical Insight BoE officials have been sending hawkish signals throughout the week, providing a boost to the GBP. There is an estimate that the BoE will maintain higher interest rates for an extended period, especially considering that inflation is currently more than twice the central bank's target. GBP/CHF,D1 Pivot: 1.1049 Analysis: While the price is above 1.0900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1049...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ's Hawkesby: High, sticky core inflation leaves little room for error. NZD/CAD,D1 Pivot: 0.8334 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8334 Take Profit 1: 0.8350 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar mixed against the other major currencies on Wednesday and drifted into the midrange against the US Dollar. Pivot: 1.7241 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7241 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.7000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s de Guindos: Our objective is to bring inflation back to 2% target. EUR/CAD,D1 Pivot: 1.4906 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4906 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY corrects further down and drops to four-day lows around 162.20 on Tuesday. EUR/JPY,D1 Pivot: 161.75 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 161.75 Take Profit 1: 164.50 Take Profit 2: 166.50 Alternative scenario: If the level 161.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.00...
