Source: PaxForex Premium Analytics Portal, Technical Insight On Friday the AUD/USD had a second consecutive day of active selling and fell to its lowest level since March 17. AUD/USD,D1 Pivot: 0.7153 Analysis: Provided that the currency pair is above 0.7300, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7153 Take Profit 1: 0.7090 Take Profit 2: 0.6980 Alternative scenario: In case of break-down of the level 0.7300, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Mann: the inclusion of current inflation in company expectations is a concern. GBP/CHF,D1 Pivot: 1.2321 Analysis: While the price is above 1.2277, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2372 Take Profit 1: 1.2420 Take Profit 2: 1.2530 Alternative scenario: If the level 1.2277 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian inflation data was better than expected, the yearly forecast was 6.7%, which is the highest reading since February 1991. NZD/CAD,D1 Pivot: 0.8529 Analysis: As long as price is below 0.8530 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8437 Take Profit 1: 0.8400 Take Profit 2: 0.8340 Alternative scenario: If the level of 0.8530 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: unexpected rise in inflation could lead to another 50bp rate hike - CIBC. GBP/CAD,D1 Pivot: 1.6315 Analysis: While the price is below 1.6500, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6315 Take Profit 1: 1.6200 Take Profit 2: 1.6100 Alternative scenario: If the level 1.6500 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6500...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: the annual CPI climbed to 6.7% in March compared to expectations of a 6.1% increase. EUR/CAD,D1 Pivot: 1.3589 Analysis: As long as price is below 1.3900 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3589 Take Profit 1: 1.3500 Take Profit 2: 1.3400 Alternative scenario: If the level of 1.3900 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
