Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) has dropped half of its gains made after the headlines that Bank of England (BoE) Governor Andrew Bailey has urged industry regulators not to overcharge customers. GBP/CHF,D1 Pivot: 1.1346 Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1405 Take Profit 1: 1.1450 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1250 is broken...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: Goods trade balance swung sharply and unexpectedly into deficit territory – CIBC. NZD/CAD,D1 Pivot: 0.8233 Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8233 Take Profit 1: 0.8300 Take Profit 2: 0.8360 Alternative scenario: If the level of 0.8170 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight BoE’s Bailey: There is evidence some retailers are overcharging customers. He said that “moves by regulators on retail prices will help to lower inflation.” Pivot: 1.6891 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6891 Take Profit 1: 1.6950 Take Profit 2: 1.7150 Alternative scenario: If level 1.6650 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Visco: More rate hikes are not the only way to curb inflation. EUR/CAD,D1 Pivot: 1.4413 Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4413 Take Profit 1: 1.4300 Take Profit 2: 1.4200 Alternative scenario: If the level of 1.4600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4600...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY traces firmer yields above 157.00, Eurozone inflation clues, Japan intervention eyed. EUR/JPY,D1 Pivot: 157.34 Analysis: While the price is above 155.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.34 Take Profit 1: 159.00 Take Profit 2: 161.00 Alternative scenario: If the level 155.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
