Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) weakened on comments by The Bank of England (BoE) Governor Andrew Baily, saying that rates could continue to rise, hurting the British economy. 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: 1.1346 Take Profit 1: 1.1450 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1250 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada’s move to come off the sidelines after a five-month pause has sent a signal that some economic pain will be needed to tame stubborn inflation, leading investors to raise bets on a hard landing for the economy. NZD/CAD,D1 Pivot: 0.8100 Analysis: As long as the price is below 0.8270 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8069 Take Profit 1: 0.8050 Take Profit 2: 0.7950...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound’s widespread weakness can be attributed to comments from Bank of England (BoE) Governor Andrew Bailey at the ECB Forum on Central Banking, in Sintra. Pivot: 1.6755 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6755 Take Profit 1: 1.6950 Take Profit 2: 1.7150 Alternative scenario: If level 1.6650 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Centeno: We are reaching the time when monetary policy may pause, we are very close. EUR/CAD,D1 Pivot: 1.4456 Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4456 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY continues to rise amid Lagarde’s comments. EUR/JPY,D1 Pivot: 157.50 Analysis: While the price is above 151.60, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.50 Take Profit 1: 159.00 Take Profit 2: 161.00 Alternative scenario: If the level 151.60 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 151.60 Take profit 1: 150.40 Take...
