Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD to extend its decline towards 0.6041 – Credit Suisse. AUD/USD,D1 Pivot: 0.6361 Analysis: Provided that the currency pair is below 0.6700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6361 Take Profit 1: 0.6300 Take Profit 2: 0.6200 Alternative scenario: In case of a broken-out of the level 0.6700, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP fell for a second consecutive session on Thursday, as markets geared up for tomorrow’s non-farm payrolls (NFP) report. GBP/CHF,D1 Pivot: 1.1033 Analysis: While the price is above 1.0750, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1033 Take Profit 1: 1.1300 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.0750 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015. The RBNZ has now hiked rates at eight consecutive meetings and even discussed a super-size 0.75% increase at yesterday’s meeting. NZD/CAD,D1 Pivot: 0.7746 Analysis: As long as the price is below 0.7905 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7746 Take Profit 1: 0.7665...
Source: PaxForex Premium Analytics Portal, Technical Insight Markets now expect the Bank of Canada to raise rates at the next two meetings and begin easing as early as Q1 2023. GBP/CAD,D1 Pivot: 1.5409 Analysis: While the price is above 1.5200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5409 Take Profit 1: 1.5565 Take Profit 2: 1.5785 Alternative scenario: If level 1.5200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) President Christine Lagarde said it was difficult to say whether or not inflation has peaked in the euro area. EUR/CAD,D1 Pivot: 1.3467 Analysis: As long as the price is above 1.3340 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3467 Take Profit 1: 1.3570 Take Profit 2: 1.3715 Alternative scenario: If the level of 1.3340 is broken-down, follow the recommendations below: Time...
