Source: PaxForex Premium Analytics Portal, Technical Insight Pill, Bank of England: Current economic activity may be slightly stronger than expected. GBP/CAD,D1 Pivot: 1.6261 Analysis: While the price is above 1.6100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6261 Take Profit 1: 1.6385 Take Profit 2: 1.6550 Alternative scenario: If level 1.6100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6100...
Source: PaxForex Premium Analytics Portal, Technical Insight Crude Oil prices hold steady near a two-week high touched on Thursday amid the latest optimism about a strong fuel demand recovery in China - the world's top importer. This, in turn, is seen underpinning the commodity-linked Loonie. EUR/CAD,D1 Pivot: 1.4364 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4364 Take Profit 1: 1.4570 Take Profit 2: 1.4700...
Source: PaxForex Premium Analytics Portal, Technical Insight Interest rates may need to go up again to slow the cost of living down, Bank of England boss Andrew Bailey has said. Bailey said raising rates higher may be "appropriate" to control inflation but said nothing was decided yet. GBP/CHF,D1 Pivot: 1.1288 Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1288 Take Profit 1: 1.1375 Take Profit 2: 1.1540 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight Economists at HSBC expect the Canadian Dollar to struggle for the time being. NZD/CAD,D1 Pivot: 0.8467 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8467 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....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY regains upside momentum past 144.00 as Tokyo opens on Wednesday. In doing so, the cross-currency pair picks up bids to dash the previous day’s U-turn from the highest levels since late December amid cautious optimism in the market. EUR/JPY,D1 Pivot: 144.55 Analysis: While the price is above 143.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 144.55 Take Profit 1: 145.60 Take Profit 2: 147.00...
