Source: PaxForex Premium Analytics Portal, Technical Insight The UK Retail Sales arrived at 1.2% over the month in February vs. 0.2% expected and 0.9% previous. GBP/CHF,D1 Pivot: 1.1260 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1260 Take Profit 1: 1.1285 Take Profit 2: 1.1320 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ’s Conway: If inflation expectations don't fall, will have to do more on interest rates. NZD/CAD,D1 Pivot: 0.8553 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8533 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE will likely deliver a 25 basis points (bps) rate hike, raising the key policy rate from 4.0% to 4.25%. It will be the eleventh straight hike and probably the final one before the central bank adopts a wait-and-see approach. GBP/CAD,D1 Pivot: 1.6850 Analysis: While the price is above 1.6550, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6850 Take Profit 1: 1.6900 Take Profit 2: 1.7100 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) Governing Council member Madis Muller said on Thursday, “the ECB should likely raise rates by a little.” EUR/CAD,D1 Pivot: 1.4921 Analysis: As long as the price is above 1.4650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4921 Take Profit 1: 1.5000 Take Profit 2: 1.5200 Alternative scenario: If the level of 1.4650 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair is displaying topsy-turvy moves in a narrow range around 142.55 in the early Tokyo session. The cross is likely gathering strength for further upside as the European Central Bank (ECB) would be continued with bigger rates spell to sharpen its monetary tools in the battle against Eurozone’s sticky inflation. EUR/JPY,D1 Pivot: 142.59 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation:...
