Source: PaxForex Premium Analytics Portal, Technical Insight UK FCA says that more savings bank accounts will get higher interest rates through regulatory intervention. The news may help the GBP to regain upside traction. .GBP/CHF,D1 Pivot: 1.1175 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1175 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is broken-out , follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand’s main opposition National Party would quickly remove the central bank’s dual mandate and return it to a sole focus on inflation if it wins the October election. NZD/CAD,D1 Pivot: 0.8033 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8033 Take Profit 1: 0.7950 Take Profit 2: 0.7850 Alternative scenario: If the level of 0.8260 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight The British pound's recent movements have been conspicuously tethered to global dynamics, owing to the conspicuous absence of noteworthy domestic data releases. Pivot: 1.7210 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7110 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.7000 is broken-down, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Inflation remains a driver of European financial markets, and the latest estimates point to stubbornly high consumer prices in Germany despite a continued fall in import prices. EUR/CAD,D1 Pivot: 1.4776 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4776 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4650 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY climbs but remains shy of 159.00 and YTD highs; downside risks remain. EUR/JPY,D1 Pivot: 158.79 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.79 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: short position Entry point: 155.80 Take...
