Source: PaxForex Premium Analytics Portal, Technical Insight UK Retail Sales jump 0.5% MoM in January vs. -0.3% expected. GBP/CHF,D1 Pivot: 1.1092 Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1092 Take Profit 1: 1.1230 Take Profit 2: 1.1375 Alternative scenario: If the level of 1.1070 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1070 Take profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight BoC’s Beaudry: The path of interest rates can diverge from other central banks. NZD/CAD,D1 Pivot: 0.8383 Analysis: As long as the price is below 0.8600 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8383 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...
Source: PaxForex Premium Analytics Portal, Technical Insight The UK’s rate of consumer price inflation remains one of the fastest in the developed world, although January's figures were softer than expected. CPI fell by 0.6% last month, against expectations of a 0.4% drop. The weaker-than-expected data put downward pressure on the Pound, as it eased some pressure on the Bank of England to raise interest rates. GBP/CAD,D1 Pivot: 1.6110 Analysis: While the price is above 1.6100, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB 50 bps hike in March a done deal, May and June undecided – Reuters Poll. EUR/CAD,D1 Pivot: 1.4320 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4320 Take Profit 1: 1.4570 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY pushes higher and surpasses the key barrier at 142.00 the figure on Tuesday. EUR/JPY,D1 Pivot: 142.86 Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 142.86 Take Profit 1: 143.80 Take Profit 2: 145.60 Alternative scenario: If the level 140.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.80...
