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 Analysts at the National Bank of Canada say that they are still waiting for the Loonie to rise in the coming months. 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: 1.4407 Take Profit 1: 1.4400 Take Profit 2: 1.4700 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Nagel: the rise in inflation is not just the result of temporary factors. EUR/JPY,D1 Pivot: 131.18 Analysis: While the price is above 128.47, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 131.18 Take Profit 1: 132.00 Take Profit 2: 133.55 Alternative scenario: If the level 128.47 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.47 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England: output price inflation for the year ahead is expected to be 4.5%. GBP/JPY,D1 Pivot: 157.31 Analysis: As long as price is above 153.56 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.31 Take profit 1: 158.00 Take Profit 2: 161.45 Alternative scenario: If the level of 153.56 is broken-down, follow the recommendations below: Time frame:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: strong support is noted around 0.6700 - UOB Group. NZD/USD,D1 Pivot: 0.6756 Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6756 Take Profit 1: 0.6685 Take Profit 2: 0.6600 Alternative scenario: If the level 0.6860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6860 Take Profit 1: 0.6960...
