Source: PaxForex Premium Analytics Portal, Technical Insight The industrial sector activity showed no growth in December, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday. GBP/CHF,D1 Pivot: 1.1166 Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1166 Take Profit 1: 1.1270 Take Profit 2: 1.1400 Alternative scenario: If the level of 1.1100 is broken-down...
Source: PaxForex Premium Analytics Portal, Technical Insight Kiwi has not reacted much to the announcement by novel New Zealand Prime Minister Chris Hipkins that minimum wages will be increased in line with the Consumer Price Index (CPI). NZD/CAD,D1 Pivot: 0.8512 Analysis: As long as the price is above 0.8450 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8512 Take Profit 1: 0.8620 Take Profit 2: 0.8730 Alternative scenario: If the level of 0.8450 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate. GBP/CAD,D1 Pivot: 1.6227 Analysis: While the price is above 1.6100, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian dollar recouped losses after November’s GDP beat expectations. EUR/CAD,D1 Pivot: 1.4400 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4400 Take Profit 1: 1.4540 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 picks up bids to 140.80 while paring the biggest daily loss in nearly a month during Wednesday’s sluggish Asian session. EUR/JPY,D1 Pivot: 140.75 Analysis: While the price is below 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.75 Take Profit 1: 142.00 Take Profit 2: 142.90 Alternative scenario: If the level 140.00 is broken-down, follow the recommendations below: Time frame: D1...
