Source: PaxForex Premium Analytics Portal, Technical Insight In the opinion of UOB Group analysts, AUD/USD could extend the advance to the 0.6775 level in the short term. AUD/USD,D1 Pivot: 0.6684 Analysis: Provided that the currency pair is above 0.6520, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6684 Take Profit 1: 0.6760 Take Profit 2: 0.6900 Alternative scenario: In case of a broken-down of the level 0.6520, follow the recommendations below: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England is warning the country is on the precipice of the longest recession in a century, as it pushed through the largest interest rate hike since 1989. In announcing the 0.75% rate change to bring the current bank rate to 3%, the committee that sets monetary policy in the U.K. acknowledged they’re facing a “very challenging outlook. GBP/CHF,D1 Pivot: 1.1279 Analysis: While the price is above 1.1200, follow the recommendations below: me...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada left the door open to further slowing its pace of interest rate hikes, while warning the labor market faces an uneven adjustment to higher borrowing costs. NZD/CAD,D1 Pivot: 0.8015 Analysis: As long as the price is above 0.7890 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8015 Take Profit 1: 0.8050 Take Profit 2: 0.8140 Alternative scenario: If the level of 0.7890 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/CAD keeps falling below a key support level. GBP/CAD,D1 Pivot: 1.5406 Analysis: While the price is above 1.5320, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5460 Take Profit 1: 1.5800 Take Profit 2: 1.6000 Alternative scenario: If level 1.5320 is broken-down, follow the recommendations below Time frame: D1 Recommendation: short position Entry point: 1.5320 Take profit 1: 1.5160 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/CAD has been in a rally after bottoming around the 1.32925 crucial support. Improving sentiment across the euro has helped the common currency to touch the 50-EMA against the Canadian dollar EUR/CAD,D1 Pivot: 1.3570 Analysis: As long as the price is above 1.3480 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3570 Take Profit 1: 1.3715 Take Profit 2: 1.3800 Alternative scenario: If the level of 1.3480 is...
