Source: PaxForex Premium Analytics Portal, Technical Insight British Pound eyes further downside ahead of United Kingdom statistics. GBP/CHF,D1 Pivot: 1.1301 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1301 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand - The quarterly GDP data for Q3 of CY2022 has been recorded at 2.0%, higher than the expectations of 0.9% and the prior release of 1.7%. No doubt, a stellar expansion in NZ economic activities is going to provide a cushion to the New Zealand Dollar but will accelerate inflation risks ahead. NZD/CAD,D1 Pivot: 0.8674 Analysis: As long as the price is above 0.8550 follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight BoE Preview: Bank will opt for further hikes in the first half of 2023 – Goldman Sachs. GBP/CAD,D1 Pivot: 1.6806 Analysis: While the price is above 1.6360, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6806 Take Profit 1: 1.6900 Take Profit 2: 1.7000 Alternative scenario: If level 1.6360 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight David Dodge: Bank of Canada is right to depend on data in rate hikes. EUR/CAD,D1 Pivot: 1.4447 Analysis: As long as the price is above 1.4130 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4447 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 Entry point: 1.4130 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY consolidates the biggest daily loss in a fortnight, also probing the previous day’s U-turn from a three-week top, as it defends the 144.00 threshold during early Wednesday. EUR/JPY,D1 Pivot: 144.08 Analysis: While the price is below 145.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 144.08 Take Profit 1: 142.50 Take Profit 2: 141.00 Alternative scenario: If the level 145.50 is broken-out,...
