Source: PaxForex Premium Analytics Portal, Technical Insight According to the latest Bank of England (BoE) Monthly Decision Maker Panel (DMP) survey released on Thursday, DMP members expected CPI inflation to be 5.8% one-year ahead, down from 5.9% in February. GBP/CHF,D1 Pivot: 1.1259 Analysis: While the price is above 1.1220, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1259 Take Profit 1: 1.1320 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1220 is...
Source: PaxForex Premium Analytics Portal, Technical Insight BoC to stand pat this year, rate cuts unlikely - Reuters poll. NZD/CAD,D1 Pivot: 0.8436 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8436 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8600 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada will publish its March employment report on Thursday, April 6. The market anticipates the country has added 12,000 new job positions after creating 21,800 in the previous month. The Unemployment Rate is foreseen ticking higher, from 5% to 5.1%, while the Participation Rate is expected to have remained stable at 65.7%. GBP/CAD,D1 Pivot: 1.6781 Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) policymaker Boris Vujčić said on Wednesday, “the largest part of the rate-hiking cycle is behind us.” EUR/CAD,D1 Pivot: 1.4689 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4689 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY struggles to justify growth optimism for the bloc around 144.00, EU/Japan PMIs eyed. EUR/JPY,D1 Pivot: 144.01 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.01 Take Profit 1: 145.60 Take Profit 2: 146.60 Alternative scenario: If the level 143.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
