Source: PaxForex Premium Analytics Portal, Technical Insight UK’s Hunt: Good news the economy is growing. GBP/CHF,D1 Pivot: 1.1172 Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1172 Take Profit 1: 1.1075 Take Profit 2: 1.1000 Alternative scenario: If the level of 1.1200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1200 Take profit 1: 1.1285 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ Survey: NZ inflation expectations decline to 2.79% in Q2 2023, Kiwi dips. NZD/CAD,D1 Pivot: 0.8442 Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8442 Take Profit 1: 0.8560 Take Profit 2: 0.8610 Alternative scenario: If the level of 0.8400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8400...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England set to raise rates by another 25bps. GBP/CAD,D1 Pivot: 1.6887 Analysis: While the price is above 1.6870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6887 Take Profit 1: 1.7150 Take Profit 2: 1.7250 Alternative scenario: If level 1.6870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6870 Take profit 1: 1.6790 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB officials starting to accept rate hikes will continue in September – Bloomberg. EUR/CAD,D1 Pivot: 1.4680 Analysis: As short as the price is below 1.4850 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4680 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY remains mildly bid as it consolidates the previous day’s losses around 148.40 during early Wednesday. In doing so, the cross-currency pair portrays a bullish pennant chart formation on the four-hour play, poking the confirmation point of late. EUR/JPY,D1 Pivot: 148.57 Analysis: While the price is above 146.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 148.57 Take Profit 1: 151.50 Take Profit 2:...
