Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England is considering raising the level of protection given to bank savings, following recent upheaval in the financial sector. GBP/CHF,D1 Pivot: 1.1125 Analysis: While the price is below 1.1200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1125 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. NZD/CAD,D1 Pivot: 0.8396 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8396 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight Commenting on the February GDP data, UK Finance Minister Jeremy Hunt said, “economic outlook is looking brighter than expected.” GBP/CAD,D1 Pivot: 1.6768 Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6768 Take Profit 1: 1.6900 Take Profit 2: 1.7100 Alternative scenario: If level 1.6550 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The European Central Bank has already completed most of the interest-rate rises it needs to combat sticky underlying inflation, with the biggest impact of past increases yet to come, Governing Council member Francois Villeroy de Galhau said. EUR/CAD,D1 Pivot: 1.4757 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4757 Take Profit 1: 1.4790 Take Profit 2: 1.4940...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Villeroy: Eurozone inflation at risk of getting entrenched EUR/JPY,D1 Pivot: 146.17 Analysis: While the price is above 144.50, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 146.17 Take Profit 1: 147.00 Take Profit 2: 148.00 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...
