Source: PaxForex Premium Analytics Portal, Technical Insight Mortgage approvals fell to their lowest level in two years as interest rate rises put off buyers, new Bank of England figures suggest. They slumped to just over 46,000 in November, down from under 58,000 in October, according to the central bank. GBP/CHF,D1 Pivot: 1.1145 Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1145 Take Profit 1: 1.1350 Take Profit 2: 1.1500...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand’s housing downturn likely has further to run even after the market suffered its worst decline since the global financial crisis. NZD/CAD,D1 Pivot: 0.8571 Analysis: As long as the price is below 0.8620 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8433 Take Profit 1: 0.8350 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8620 is broken-out , follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight A monthly survey conducted by Citi and YouGov revealed on Wednesday that the British public's inflation expectations for 12 months ahead declined to 5.7% in December from 6.1% in the previous survey, as reported by Reuters. GBP/CAD,D1 Pivot: 1.6245 Analysis: While the price is below 1.6500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6245 Take Profit 1: 1.6085 Take Profit 2: 1.5820 Alternative scenario...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar will dance to the tunes of Employment data. According to the estimates, net addition in payrolls for December stands at 8K against 10.1K released earlier. The jobless rate will escalate marginally to 5.2%. EUR/CAD,D1 Pivot: 1.4430 Analysis: As long as the price is above 1.4130 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4430 Take Profit 1: 1.4500 Take Profit 2: 1.4600 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: broadening formation suggests downward pressure lies ahead. EUR/JPY,D1 Pivot: 138.11 Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 138.11 Take Profit 1: 137.80 Take Profit 2: 136.50 Alternative scenario: If the level 140.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 140.80 Take...
