Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England: there will be a 25 basis points rate hike - Scotiabank. GBP/CAD,D1 Pivot: 1.7188 Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7188 Take Profit 1: 1.7250 Take Profit 2: 1.7584 Alternative scenario: If the level 1.6772 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6772 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: consumer price index rising to 5.1% y/y in January compared to expectations of 4.8%. EUR/CAD,D1 Pivot: 1.4448 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4389 Take Profit 1: 1.4700 Take Profit 2: 1.4840 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) board member Robert Holzmann said in an interview with NNZ: "The ECB may raise rates before it stops buying bonds." EUR/JPY,D1 Pivot: 130.16 Analysis: While the price is below 132.56, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.16 Take Profit 1: 128.25 Take Profit 2: 125.73 Alternative scenario: If the level 132.56 is broken-out, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight Ramsden, Bank of England: some further tightening is likely to be needed in the near term. GBP/JPY,D1 Pivot: 156.29 Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.29 Take profit 1: 157.88 Take Profit 2: 160.63 Alternative scenario: If the level of 153.59 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The Reserve Bank of New Zealand (RBNZ) will report policy changes in the coming week. There is a high probability that the RBNZ will raise the rate by 50 bps, which creates upside risks for the NZD, MUFG economists report. NZD/USD,D1 Pivot: 0.6708 Analysis: While the price is above 0.6540, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6708 Take Profit 1: 0.6810 Take Profit 2: 0.6890 Alternative scenario: If...
