Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England has left its key interest rate unchanged at 5.25%. The likelihood of such an outcome was actively priced into Pound quotes following yesterday's UK inflation report. .GBP/CHF,D1 Pivot: 1.1114 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1114 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar pares gains after inflation rises. NZD/CAD,D1 Pivot: 0.7991 Analysis: As long as the price is below 0.8140 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7996 Take Profit 1: 0.7950 Take Profit 2: 0.7850 Alternative scenario: If the level of 0.8140 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8140 Take profit 1: 0.8250 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight UK consumer inflation slowed from 6.8% to 6.7% y/y, contrary to the expected acceleration to 7.0%. Pivot: 1.6614 Analysis: While the price is below 1.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6614 Take Profit 1: 1.6580 Take Profit 2: 1.6500 Alternative scenario: If level 1.6800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB: Comments suggesting that rate cuts may still be a long way off would be positive for EUR – Commerzbank EUR/CAD,D1 Pivot: 1.4345 Analysis: As long as the price is below 1.4500 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4345 Take Profit 1: 1.4300 Take Profit 2: 1.4200 Alternative scenario: If the level of 1.4500 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY clinches its third session in a row of gains and manages to reclaim the 158.00 barrier and beyond on Tuesday. EUR/JPY,D1 Pivot: 157.1 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.79 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:...
