Source: PaxForex Premium Analytics Portal, Technical Insight Analysts at Commerzbank warn that while the possibility of a Bank of England rate hike supports the pound, it is already embedded in prices, so the pound's rally could start to slow down. GBP/CAD,D1 Pivot: 1.6143 Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7143 Take Profit 1: 1.7250 Take Profit 2: 1.7584 Alternative scenario: If the level 1.6772 is broken-down...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Villerois: we will gradually adjust the monetary policy. EUR/CAD,D1 Pivot: 1.4407 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4180 Take Profit 1: 1.4360 Take Profit 2: 1.4700 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan report: Japan import prices continue to rise steadily. EUR/JPY,D1 Pivot: 129.73 Analysis: While the price is above 128.40, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.73 Take Profit 1: 131.55 Take Profit 2: 133.00 Alternative scenario: If the level 128.40 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.40 Take profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight Employment in Britain rose by 184k in December, which does not reflect a significant impact of the omicron strain. Employment is up about 1.35 million in 2021 and was 1.5% above its pre-pandemic peak in February 2020 in December. GBP/JPY,D1 Pivot: 155.76 Analysis: As long as price is above 153.59 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 155.76 Take profit 1: 157.88 Take Profit 2: 160.63 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. markets are returning to normal after Monday's holiday, the U.S. Treasury bond market immediately started trading with a sharp rise in yields. NZD/USD,D1 Pivot: 0.6798 Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6798 Take Profit 1: 0.6685 Take Profit 2: 0.6600 Alternative scenario: If the level 0.6860 is broken-out, follow the recommendations below...
