Source: PaxForex Premium Analytics Portal, Technical Insight With no fundamental drives for either currency, the cross has been consolidating. However, we are now starting to witness mild upside pressure in stock indices. This has resulted in the safe-haven Swiss franc (CHF) moving to the downside. GBP/CHF,D1 Pivot: 1.0975 Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0975 Take Profit 1: 1.1375 Take Profit 2: 1.1540...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada Senior Deputy Governor Carolyn Rogers said on Thursday they are looking for more evidence that the current interest rate levels are high enough. NZD/CAD,D1 Pivot: 0.8445 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8445 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8600 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight Britain’s finance ministry said on Wednesday it will launch a review into how investor research on companies could be improved to attract more listings, a step that follows a decision by UK chip designer Arm Ltd to only list in New York, reported Reuters. GBP/CAD,D1 Pivot: 1.6356 Analysis: While the price is above 1.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6356 Take Profit 1: 1.6550 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Visco: Monetary policy will have to remain prudent. EUR/CAD,D1 Pivot: 1.4563 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4563 Take Profit 1: 1.4610 Take Profit 2: 1.4700 Alternative scenario: If the level of 1.4250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4250 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair has faced barricades around 145.00 after a recovery move in the Tokyo session. It looks like the cross has retreated on expectations that Bank of Japan (BoJ) Governor Haruhiko Kuroda could tweak the Yields Curve Control (YCC) on Japanese Government Bonds (JGBs), in his last monetary policy announcement. EUR/JPY,D1 Pivot: 145.00 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: long...
