Source: PaxForex Premium Analytics Portal, Technical Insight The next RBA meeting will take place early next month. If the global stock and commodity markets do not have another collapse, the AUD/USD pair is likely to remain trading in the bull market zone, above the key support levels of 0.7315, 0.7295. AUD/USD,D1 Pivot: 0.7396 Analysis: Provided that the currency pair is above 0.7300, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7396 Take Profit 1: 0.7550 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England held a cautious rate hike. GBP began to retreat from intraday highs, reflecting some disappointment with the prospects of the Bank of England. Risks favor GBP lagging behind the U.S. dollar and euro, according to TD Securities economists. GBP/CHF,D1 Pivot: 1.2162 Analysis: While the price is above 1.2285, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2323 Take Profit 1: 1.2530 Take Profit 2...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada (BoC) and the Massachusetts Institute of Technology (MIT) announced a collaboration to study the prospects for a digital Canadian dollar. NZD/CAD,D1 Pivot: 0.8691 Analysis: As long as price is above 0.8640 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8691 Take Profit 1: 0.8810 Take Profit 2: 0.8910 Alternative scenario: If the level of 0.8640 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: annual CPI rose 5.7% in February compared to the forecast of 5.5%. GBP/CAD,D1 Pivot: 1.6690 Analysis: While the price is below 1.6950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6690 Take Profit 1: 1.6630 Take Profit 2: 1.6450 Alternative scenario: If the level 1.6950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6950 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Villeroy, ECB: there is no recession risk at the moment because of the events in Ukraine. EUR/CAD,D1 Pivot: 1.3986 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3986 Take Profit 1: 1.3826 Take Profit 2: 1.3750 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: Time...
