Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: additional growth above 0.7135 is possible - UOB AUD/USD,D1 Pivot: 0.7002 Analysis: Provided that the currency pair is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7118 Take Profit 1: 0.7180 Take Profit 2: 0.7280 Alternative scenario: In case of break-down of the level 0.7000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight Escalating UK inflation and continued labor market tensions, at least in the near term, are changing the trends of the yield spread. GBP/CHF,D1 Pivot: 1.2121 Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2121 Take Profit 1: 1.2050 Take Profit 2: 1.1980 Alternative scenario: If the level 1.2275 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The kiwi is supported by a massive jump in the pace of quarterly producer price inflation (PPI), according to a report released during Thursday's Asia-Pacific session. Producer prices rose 3.6% in Q1, while output prices rose 2.6%, with the latest spike in price pressure interpreted by market participants as increasing the possibility of a second straight 50 bps rate hike from the RBNZ next week (rates are expected to rise to 2.0%). NZD/CAD,D1 Pivot: 0.8194...
Source: PaxForex Premium Analytics Portal, Technical Insight There is no respite for Canadian consumers yet when it comes to inflationary pressures. The overall Consumer Price Index accelerated to 6.8% from 6.7% in the previous month and against the consensus forecast of 6.7%. GBP/CAD,D1 Pivot: 1.5867 Analysis: While the price is below 1.6100, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5867 Take Profit 1: 1.5700 Take Profit 2: 1.5550 Alternative scenario: If the...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: the overall inflation rate may well accelerate again in May - CIBC. EUR/CAD,D1 Pivot: 1.3672 Analysis: As long as price is below 1.3750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3470 Take Profit 1: 1.3400 Take Profit 2: 1.3200 Alternative scenario: If the level of 1.3750 is broken-out, follow the recommendations below: ...
