Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England was holding emergency talks with international counterparts amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG (CSGN.S), the Telegraph reported. GBP/CHF,D1 Pivot: 1.1249 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1249 Take Profit 1: 1.1285 Take Profit 2: 1.1320 Alternative scenario: If the level of 1.1200 is broken...
Source: PaxForex Premium Analytics Portal, Technical Insight Reserve Bank of New Zealand (RBNZ) said in a statement on Friday, “all New Zealand banks are currently operating above our minimum regulatory requirements.” NZD/CAD,D1 Pivot: 0.8549 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8549 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8600 is broken-out, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight While the pound didn't show many signs of reaction to today's budget announcement by Chancellor Hunt, UK stocks took a further dive with the FTSE100 reaching the lowest level since December 2022. GBP/CAD,D1 Pivot: 1.6604 Analysis: While the price is above 1.6407, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6604 Take Profit 1: 1.6700 Take Profit 2: 1.6850 Alternative scenario: If level 1.6407 is...
Source: PaxForex Premium Analytics Portal, Technical Insight The market is feeling more confident that the ECB will stick to the 50 bp hike today that it had signaled before the US financial crisis. EUR/CAD,D1 Pivot: 1.4585 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4585 Take Profit 1: 1.4700 Take Profit 2: 1.4780 Alternative scenario: If the level of 1.4250 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair is struggling to extend its gains above the immediate resistance of 144.40 in the Asian session. The cross is expected to extend its upside journey as the release of the dovish Bank of Japan (BoJ) minutes has impacted the Japanese Yen. EUR/JPY,D1 Pivot: 144.51 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.51 Take Profit 1: 145.60 Take Profit 2: 147....
