Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD aims to test 0.6500 despite weaker China Trade Balance data. AUD/USD,D1 Pivot: 0.6428 Analysis: Provided that the currency pair is above 0.6350, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6428 Take Profit 1: 0.6520 Take Profit 2: 0.6680 Alternative scenario: In case of a broken-down of the level 0.6350, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight FX traders pounded the Sterling, the British currency, after the Bank of England raised rates by 75 basis points to 3% as expected but warned that it expected a recession in the UK to last for all of 2023. GBP/CHF,D1 Pivot: 1.1328 Analysis: While the price is above 1.1200, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1328 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario: If the level of 1.1200...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand central bank Governor Adrian Orr said on Thursday he was confident the central bank can get inflation under control as the country battles a tight labor market. NZD/CAD,D1 Pivot: 0.7941 Analysis: As long as the price is above 0.7800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7941 Take Profit 1: 0.7980 Take Profit 2: 0.8050 Alternative scenario: If the level of 0.7800 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England on Tuesday is set to become the first major central bank to sell off assets accumulated during a 13-year-old stimulus program, providing a test case for how quickly markets can shift away from easy-money policies. GBP/CAD,D1 Pivot: 1.5601 Analysis: While the price is above 1.5400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5601 Take Profit 1: 1.5800 Take Profit 2: 1.6000 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) policymaker Martins Kazaks said in a statement on Thursday, “It's clear we need to raise interest rates.” EUR/CAD,D1 Pivot: 1.3451 Analysis: As long as the price is below 1.3550 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3451 Take Profit 1: 1.3355 Take Profit 2: 1.3240 Alternative scenario: If the level of 1.3550 is broken-out, follow the recommendations below...
