Source: PaxForex Premium Analytics Portal, Technical Insight After more than a year of warnings, Bank of England Governor Andrew Bailey says the UK is now experiencing a wage-price spiral despite 12 consecutive central bank interest rate hikes. GBP/CHF,D1 Pivot: 1.1218 Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1218 Take Profit 1: 1.1320 Take Profit 2: 1.1360 Alternative scenario: If the level of 1.1200 is broken-out...
Source: PaxForex Premium Analytics Portal, Technical Insight BoC: Spillover effects from recent stress in the banking sector have been limited. NZD/CAD,D1 Pivot: 0.8412 Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8412 Take Profit 1: 0.8560 Take Profit 2: 0.8560 Alternative scenario: If the level of 0.8400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight Andrew Bailey has acknowledged for the first time that the Bank of England is dealing with a UK wage-price spiral as he pledged to lift interest rates as far “as necessary” to get inflation back to the bank’s 2 percent target.. GBP/CAD,D1 Pivot: 1.6802 Analysis: While the price is above 1.6650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6802 Take Profit 1: 1.7150 Take Profit 2: 1.7400...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s de Cos: Stickier inflation to choke growth outlooks – MNI. EUR/CAD,D1 Pivot: 1.4598 Analysis: As short as the price is below 1.4850 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4598 Take Profit 1: 1.4580 Take Profit 2: 1.4500 Alternative scenario: If the level of 1.4850 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4850...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY is flat on the day and has stuck to a range of between 148.05 and 148.29 so far. The price action has been range bound for the initial balance of the week testing in the 147.50s and 100 pips higher to the 148.50s. EUR/JPY,D1 Pivot: 148.52 Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 148.52 Take Profit 1: 151.50 Take Profit 2: 153.00 Alternative scenario: If...
