Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD could fall to 1.1280 - UOB. EUR/USD,D1 Pivot: 1.1295 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1295 Take Profit 1: 1.1250 Take Profit 2: 1.1170 Alternative scenario: If the level 1.1530 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1530 Take Profit 1: 1.1690 Take Profit 2: 1.1800...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD: Canadian and U.S. inflation is accelerating. USD/CAD,D1 Pivot: 1.2723 Analysis: While the price is above 1.2575 , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2723 Take Profit 1: 1.2850 Take Profit 2: 1.2965 Alternative scenario: If the level 1.2575 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2575 Take Profit 1: 1.2450...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD: further growth is possible - UOB. AUD/USD,D1 Pivot: 0.7219 Analysis: Provided that the currency pair is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7219 Take Profit 1: 0.7280 Take Profit 2: 0.7370 Alternative scenario: In case of break-down of the level 0.7000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7000 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight The pound sterling should remain supportive in the coming weeks as the UK continues to confirm market bets on a tightening policy from the Bank of England (BoE). GBP/CHF,D1 Pivot: 1.2540 Analysis: While the price is above 1.2340, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2540 Take Profit 1: 1.2654 Take Profit 2: 1.2760 Alternative scenario: If the level 1.2340 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The RBNZ is almost certain to implement a 25bp rate hike. It should also raise its rate forecast, moving it closer to 3.0% than the current 2.6%. There could also be a discussion about reducing the size of the balance sheet. All of this should be enough to keep the hawkish bias in the rate markets and maintain support for the NZD in the short term. NZD/CAD,D1 Pivot: 0.8516 Analysis: As long as price is below 0.8516 follow the recommendations below: Time frame:...
