Source: PaxForex Premium Analytics Portal, Technical Insight The UK Retail Sales arrived at -1.0% over the month in December vs. 0.5% expected and -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. 0.4% expected and -0.3% previous. GBP/CHF,D1 Pivot: 1.1325 Analysis: While the price is above 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1325 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand business confidence slumped to the lowest since the 1970s in the fourth quarter as the prospect of higher interest rates and weaker demand fuel fears of a sharper-than-expected recession. NZD/CAD,D1 Pivot: 0.8633 Analysis: As long as the price is above 0.8450 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8633 Take Profit 1: 0.8730 Take Profit 2: 0.8880 Alternative scenario: If the level of 0.8450...
Source: PaxForex Premium Analytics Portal, Technical Insight UK inflation eased for a second straight month in December. Headline CPI dipped to 10.5%, down from 10.7% in November and just below the forecast of 10.6%. Core CPI, however, did not show an improvement as it remained unchanged at 6.3%. GBP/CAD,D1 Pivot: 1.6640 Analysis: While the price is above 1.6300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6640 Take Profit 1: 1.6850 Take Profit 2: 1.7000 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Wednesday, it's “too early to speculate about what we will do in March.” EUR/CAD,D1 Pivot: 1.4571 Analysis: As long as the price is above 1.4250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4571 Take Profit 1: 1.4700 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4250 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair has displayed a juggernaut run as the Bank of Japan (BOJ) has kept the monetary policy unchanged. BoJ Governor Haruhiko Kuroda has kept the interest rate unchanged at -0.1% and the 10-year Japan Government bonds (JGBs) target at around 0%. EUR/JPY,D1 Pivot: 141.33 Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 141.33 Take Profit 1: 143.80 Take Profit 2:...
