Source: PaxForex Premium Analytics Portal, Technical Insight SNB: Situation in Switzerland will be of greater significance for the FX market – Commerzbank. GBP/CHF,D1 Pivot: 1.1301 Analysis: While the price is above 1.1070, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1211 Take Profit 1: 1.1350 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1070 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight TD Securities analysts noted that a sufficiently weak growth context in late 2022 and early 2023 might be enough to keep the Bank of Canada (BOC) on hold in January. Analysts, however, added that the latest inflation data should ever so slightly ratchet up the pressure on the BOC. NZD/CAD,D1 Pivot: 0.8562 Analysis: As long as the price is above 0.8550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8562 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The UK economy contracted by 0.3% on the quarter in the three months to September of 2022 vs. -0.2% prior, the final revision confirmed on Thursday. The market expected a reading of -0.2% in the reported period. GBP/CAD,D1 Pivot: 1.6469 Analysis: While the price is above 1.6360, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6469 Take Profit 1: 1.6700 Take Profit 2: 1.6850 Alternative scenario: If level 1....
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s de Guindos: We should expect to raise interest rates at this pace for a period of time. EUR/CAD,D1 Pivot: 1.4464 Analysis: As long as the price is above 1.4130 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4464 Take Profit 1: 1.4500 Take Profit 2: 1.4600 Alternative scenario: If the level of 1.4130 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY bears take a breather at a three-month low, picking up bids to 140.30 heading into Wednesday’s European session. EUR/JPY,D1 Pivot: 140.31 Analysis: While the price is below 140.80, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140.31 Take Profit 1: 138.80 Take Profit 2: 137.80 Alternative scenario: If the level 140.80 is broken-out, follow the recommendations below: Time frame: D1...
