Source: PaxForex Premium Analytics Portal, Technical Insight SNB still sees the 2025 inflation print coming in at 2.1%, so although inflationary pressures are building the pressures are mild compared to Europe, the UK, and the US. GBP/CHF,D1 Pivot: 1.1329 Analysis: While the price is above 1.1130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1329 Take Profit 1: 1.1390 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1130 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar edges lower ahead of Canadian GDP. NZD/CAD,D1 Pivot: 0.8180 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8180 Take Profit 1: 0.8100 Take Profit 2: 0.8000 Alternative scenario: If the level of 0.8260 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8260 Take profit 1: 0.8350 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at the joint-highest rate among Group of Seven advanced economies, a Reuters poll found. GBP/CAD,D1 Pivot: 1.6868 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6868 Take Profit 1: 1.7150 Take Profit 2: 1.7400...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Lane: Food inflation will reverse later this year. EUR/CAD,D1 Pivot: 1.4491 Analysis: As short as the price is below 1.4750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4491 Take Profit 1: 1.4400 Take Profit 2: 1.4300 Alternative scenario: If the level of 1.4750 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4750 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY advances as the Wednesday Asian session begins after printing two consecutive days of losses, which witnessed the EUR/JPY pair falling from around the 151.00 figure toward the low 150.00s EUR/JPY,D1 Pivot: 149.13 Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 149.13 Take Profit 1: 151.50 Take Profit 2: 153.00 Alternative scenario: If the level 146.80 is broken-...
