Source: PaxForex Premium Analytics Portal, Technical Insight As expected, the Bank of England (BoE) decided to keep the Bank Rate (key policy rate) unchanged at 5.25%. 6 members voted for an unchanged decision, including the newest member Sarah Breeden, while 3 members voted for an increase of 25bp. GBP/CHF,D1 Pivot: 1.0934 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0934 Take Profit 1: 1.1000 Take Profit 2: 1.1100...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar sees further gains as the market extends its Fed-fueled rally. NZD/CAD,D1 Pivot: 0.8051 Analysis: As long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8051 Take Profit 1: 0.7950 Take Profit 2: 0.7850 Alternative scenario: If the level of 0.8100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England (BoE) is expected to keep its interest rate steady at 5.25%. This decision comes as the UK grapples with persistent inflation, a cost-of-living crisis, and escalating oil prices due to the Israel-Hamas conflict. Pivot: 1.6802 Analysis: While the price is above 1.6580, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6802 Take Profit 1: 1.6900 Take Profit 2: 1.7000 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Muller: Inflation will continue to fall over the coming two years. EUR/CAD,D1 Pivot: 1.4649 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4649 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 EUR/JPY soars to a new 15-year high, above 160.00. EUR/JPY,D1 Pivot: 158.06 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.06 Take Profit 1: 160.00 Take Profit 2: 162.00 Alternative scenario: If the level 155.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 155.80 Take profit 1: 154.00 Take...
