Source: PaxForex Premium Analytics Portal, Technical Insight Canada's overall consumer price index (CPI) rose an annualized 5.1% in January, above economists' average forecasts of 4.8% and a December gain of 4.8% y/y, according to data released by Statistics Canada on Wednesday. GBP/CAD,D1 Pivot: 1.7263 Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7263 Take Profit 1: 1.7430 Take Profit 2: 1.7553 Alternative scenario...
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: 1.4448 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: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reported that Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the central bank's proposal to buy an unlimited amount of government bonds reflects the regulator's view that the country's recent rise in long-term interest rates was driven by factors unrelated to its economy. EUR/JPY,D1 Pivot: 131.48 Analysis: While the price is above 128.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point...
Bank of Japan, Kuroda: the movements in forex reflect different factors. Nakamura, Bank of Japan: the current soft policy needs to be patiently maintained until wages start to rise steadily. GBP/JPY,D1 Pivot: 156.80 Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.80 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: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: possible movement to 0.6550 - UOB. NZD/USD,D1 Pivot: 0.6609 Analysis: While the price is below 0.6735, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6609 Take Profit 1: 0.6500 Take Profit 2: 0.6400 Alternative scenario: If the level 0.6735 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6735 Take Profit 1: 0.6960 Take Profit 2: 0....
