Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England's drive to fight inflation may be premature and counterproductive. GBP/CAD,D1 Pivot: 1.7196 Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7196 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...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Knott: Inflation may stay above 2% even after 2022. EUR/CAD,D1 Pivot: 1.4487 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4487 Take Profit 1: 1.4700 Take Profit 2: 1.4998 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY is declining after retreating from levels above 130.00. EUR/JPY,D1 Pivot: 129.91 Analysis: While the price is above 125.98, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.91 Take Profit 1: 131.55 Take Profit 2: 133.00 Alternative scenario: If the level 125.98 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.98 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY: is targeting 154.75. GBP/JPY,D1 Pivot: 154.25 Analysis: As long as price is above 147.06 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.25 Take profit 1: 154.86 Take Profit 2: 157.65 Alternative scenario: If the level of 147.06 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The medium-term momentum is still bearish and the pair is holding under the declining medium-term moving averages, so the mood remains bearish and the resistance at 0.6823/38 should limit the rise. The pair will then move below 0.6703/6697 and target 0.6511/6467. NZD/USD,D1 Pivot: 0.6811 Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6811 Take Profit 1: 0.6685 Take...
