Source: PaxForex Premium Analytics Portal, Technical Insight On the Swiss franc front, investors keep an eye on Consumer Price Index (CPI) data. As the SNB is set to continue fighting excessive inflation, the EUR/CHF is unlikely to trade above parity, economists at Commerzbank report. GBP/CHF,D1 Pivot: 1.1463 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1463 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight In its latest Quarterly Predictions, The New Zealand Institute of Economic Research (NZIER) said that rising interest rates and high inflation worldwide pose a threat to New Zealand’s economic recovery over the coming years. NZD/CAD,D1 Pivot: 0.8582 Analysis: As long as the price is above 0.8380 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8582 Take Profit 1: 0.8700 Take Profit 2: 0.8900 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight BoE's Bailey: UK labour market much more constrained than we thought. GBP/CAD,D1 Pivot: 1.6226 Analysis: While the price is above 1.5800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6226 Take Profit 1: 1.6400 Take Profit 2: 1.6600 Alternative scenario: If level 1.5800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5800 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/CAD to extend its race higher toward 1.44 – Scotiabank. EUR/CAD,D1 Pivot: 1.4009 Analysis: As long as the price is above 1.3870 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4009 Take Profit 1: 1.4100 Take Profit 2: 1.4250 Alternative scenario: If the level of 1.3870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3870 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY pair has extended its recovery above the immediate hurdle of 143.50 in the Asian session. Earlier, the cross resurfaced firmly after building a cushion marginally above 143.00. EUR/JPY,D1 Pivot: 143.31 Analysis: While the price is below 145.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 143.31 Take Profit 1: 142.50 Take Profit 2: 141.00 Alternative scenario: If the level 145.50 is broken-out,...
