Source: PaxForex Premium Analytics Portal, Technical Insight The UK economy expanded by 0.1% in the quarter in the final three months of 2022 vs. 0% prior, the final revision confirmed on Friday. The market consensus stood at 0% in the fourth quarter. GBP/CHF,D1 Pivot: 1.1320 Analysis: While the price is above 1.1280, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1320 Take Profit 1: 1.1360 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1280 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight Judging from industry-level reports published to date, Canadian economic output may have increased 0.3% in the month, as gains for mining/quarrying/oil and gas extraction, manufacturing, wholesale, and transportation/warehousing were likely partially offset by declines for construction and retail. NZD/CAD,D1 Pivot: 0.8491 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight UK credit and money supply data published on Wednesday mostly came out weaker than expected, indicating a continued tightening of financial conditions. The unexpected exception was the number of approved mortgage applications. GBP/CAD,D1 Pivot: 1.6691 Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6691 Take Profit 1: 1.6900 Take Profit 2: 1.7100 Alternative scenario...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada (BOC) Deputy Governor Toni Gravelle said on Wednesday that the BOC is ready to act in the case of severe market-wide stress and provide liquidity support to the financial system, as reported by Reuters. EUR/CAD,D1 Pivot: 1.4686 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4686 Take Profit 1: 1.5000 Take Profit 2: 1.5200 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY fades part of the auspicious start of the week and probes the 141.00 neighbourhood on Tuesday. EUR/JPY,D1 Pivot: 142.81 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 142.81 Take Profit 1: 141.50 Take Profit 2: 140.00 Alternative scenario: If the level 143.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position...
