Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England set to raise rates to 4.75% as inflation slow to fall. GBP/CHF,D1 Pivot: 1.1400 Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.14000 Take Profit 1: 1.1450 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1250...
Source: PaxForex Premium Analytics Portal, Technical Insight Former Bank of Canada governor David Dodge says the central bank has a year to 18 months to get inflation under control or risk a return to the “pretty awful era” between the mid-1970s and ’80s characterized by a lack of pricing predictability and social upheaval. NZD/CAD,D1 Pivot: 0.8080 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8251 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Sterling faces downside risks as concerns over growth arise in the UK – MUFG. Pivot: 1.6773 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6870 Take Profit 1: 1.7150 Take Profit 2: 1.7400 Alternative scenario: If level 1.6650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6650 Take profit 1: 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB is set to increase its benchmark policy rate by another 25 basis points when it meets Thursday and is expected to say that future rate decisions will be data-dependent as uncertainty weighs on the inflation and growth outlook. EUR/CAD,D1 Pivot: 1.4428 Analysis: As long as the price is below 1.4600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4428 Take Profit 1: 1.4300 Take Profit 2: 1.4200...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY nears cycle high amid rising yields. EUR/JPY,D1 Pivot: 151.15 Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.15 Take Profit 1: 151.50 Take Profit 2: 153.00 Alternative scenario: If the level 146.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 146.80 Take profit 1: 145.40 Take Profit 2:...
