Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England rate expectations rose after the CPI data. GBP/CAD,D1 Pivot: 1.7017 Analysis: While the price is above 1.6544, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7017 Take Profit 1: 1.7100 Take Profit 2: 1.7215 Alternative scenario: If the level 1.6544 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6544 Take profit 1: 1.6256...
Source: PaxForex Premium Analytics Portal, Technical Insight It is very unlikely that the ECB will decide to raise rates before late 2023/early 2024 and it will take a sustained rise in inflation expectations towards 2%. EUR/CAD,D1 Pivot: 1.4492 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4492 Take Profit 1: 1.4700 Take Profit 2: 1.4998 Alternative scenario: If the level of 1.4172 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The big central banks are in the spotlight this week, with the ECB possibly indicating a possible increase in bond purchases. EUR/JPY,D1 Pivot: 127.98 Analysis: While the price is above 126.06, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 127.98 Take Profit 1: 129.00 Take Profit 2: 131.19 Alternative scenario: If the level 126.06 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Head of Bank of Japan Kuroda: inflation can reach the 2% target through "different channels". GBP/JPY,D1 Pivot: 150.40 Analysis: As long as price is below 154.56 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 150.40 Take profit 1: 148.94 Take Profit 2: 146.00 Alternative scenario: If the level of 154.56 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD stays near 0.6775-70 amid the rising USD. NZD/USD,D1 Pivot: 0.6751 Analysis: While the price is below 0.7015, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6754 Take Profit 1: 0.6720 Take Profit 2: 0.6590 Alternative scenario: If the level 0.7015 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7015 Take Profit 1: 0.7115 Take Profit...
