Source: PaxForex Premium Analytics Portal, Technical Insight The SNB said it is taking control of the overall currency situation and that individual currency pairs do not play a special role. GBP/CHF,D1 Pivot: 1.2162 Analysis: While the price is below 1.2340, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2162 Take Profit 1: 1.2144 Take Profit 2: 1.2027 Alternative scenario: If the level 1.2340 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Commodity prices remain favorable for the kiwi, but stagflation risks and the impending FOMC meeting make up for it. NZD/CAD,D1 Pivot: 0.8745 Analysis: As long as price is above 0.8640 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8745 Take Profit 1: 0.8810 Take Profit 2: 0.8910 Alternative scenario: If the level of 0.8640 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight Uncertainty over the Ukraine conflict will limit the potential for the Bank of England (BoE) to tighten policy despite high inflation. GBP/CAD,D1 Pivot: 1.6877 Analysis: While the price is below 1.7022, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6877 Take Profit 1: 1.6777 Take Profit 2: 1.6630 Alternative scenario: If the level 1.7022 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight ING economists expect the European Central Bank (ECB) to maintain maximum flexibility at its March meeting. While this is largely priced in, it will make the euro vulnerable to the adverse impact of the conflict in Ukraine and high energy prices. EUR/CAD,D1 Pivot: 1.4150 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4150 Take Profit 1: 1.3955 Take Profit 2: 1.3826...
Source: PaxForex Premium Analytics Portal, Technical Insight Shimuzu, Bank of Japan: Inflation in Japan will clearly accelerate due to higher energy and commodity prices. EUR/JPY,D1 Pivot: 126.42 Analysis: While the price is above 125.10, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 126.42 Take Profit 1: 127.50 Take Profit 2: 130.40 Alternative scenario: If the level 125.10 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
