Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: weekly resistance and 100-HMA meet buyers around 0.7150. AUD/USD,D1 Pivot: 0.7041 Analysis: Provided that the currency pair is below 0.7300, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7041 Take Profit 1: 0.6980 Take Profit 2: 0.6900 Alternative scenario: In case of break-down of the level 0.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The interest rate will reach three percent as the Bank of England is poised for another hike next week. GBP/CHF,D1 Pivot: 1.2149 Analysis: While the price is below 1.2275, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2149 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: If the level 1.2275 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Expectations are up in New Zealand, but given that a 125bp increase is already priced in (compared to 25 in the US) and a 4.13% OCR peak is already expected by the end of 2023, there is probably less room for an increase, which in turn could limit the NZD. NZD/CAD,D1 Pivot: 0.8312 Analysis: As long as price is below 0.8470 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8312 Take Profit 1: 0.8250 Take Profit 2:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian dollar was under pressure even as the Governor of the Bank of Canada (BoC) signaled further rate hikes. GBP/CAD,D1 Pivot: 1.6070 Analysis: While the price is below 1.6320, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6070 Take Profit 1: 1.6000 Take Profit 2: 1.5900 Alternative scenario: If the level 1.6320 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada, Maclem: the extent of the rate hike will depend on the economy, the outlook for inflation. EUR/CAD,D1 Pivot: 1.3494 Analysis: As long as price is below 1.3750 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3494 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: ...
