Source: PaxForex Premium Analytics Portal, Technical Insight SNB's Maechler: March rate hike serves to only slow inflation towards 2% mark. GBP/CHF,D1 Pivot: 1.1097 Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1097 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada's economy has made a solid start to 2023, with sturdy employment gains over the last six months and monthly GDP figures pointing to respectable growth in the first quarter. NZD/CAD,D1 Pivot: 0.8300 Analysis: As long as the price is below 0.8400 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8300 Take Profit 1: 0.8250 Take Profit 2: 0.8150 Alternative scenario: If the level of 0.8400 is broken...
Source: PaxForex Premium Analytics Portal, Technical Insight Broader markets are likely still in hawkish shock after the hotter-than-hot UK CPI as it wasn’t so long ago Governor Bailey struck an optimistic tone on the UK's inflation path and hinted that its interest rate hiking cycle might soon end. GBP/CAD,D1 Pivot: 1.6751 Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6751 Take Profit 1: 1.6900 Take Profit 2: 1.7100...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Knot: Too early to talk about a pause in interest rate rises. EUR/CAD,D1 Pivot: 1.4759 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4759 Take Profit 1: 1.4790 Take Profit 2: 1.4940 Alternative scenario: If the level of 1.4650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4650...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: Hits a new YTD high but stalls and meanders around 147.00. EUR/JPY,D1 Pivot: 147.45 Analysis: While the price is above 144.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 147.45 Take Profit 1: 148.00 Take Profit 2: 149.00 Alternative scenario: If the level 144.50 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.50 Take profit 1:...
