Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD is trading at a 12-month low at 1.10 - Danske Bank. EUR/USD,D1 Pivot: 1.1369 Analysis: While the price is below 1.1690, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1369 Take Profit 1: 1.1350 Take Profit 2: 1.1250 Alternative scenario: If the level 1.1690 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1690 Take Profit 1: 1.1775...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD bullish growth ended at 1.2600. USD/CAD,D1 Pivot: 1.2547 Analysis: While the price is above 1.2400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2547 Take Profit 1: 1.2690 Take Profit 2: 1.2830 Alternative scenario: If the level 1.2400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2400 Take Profit 1: 1.2285 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD will strengthen with support from the Australian economy - CIBC. AUD/USD,D1 Pivot: 0.7328 Analysis: Provided that the currency pair is traded below 0.7460, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7328 Take Profit 1: 0.7250 Take Profit 2: 0.7165 Alternative scenario: In case of break-out of the level 0.7460, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight Analysts are confident that the Bank of England's policy in 2022 will be more contingent than markets suggest, which are pricing in a 95bp rate hike over the next 12 months. GBP/CHF,D1 Pivot: 1.2305 Analysis: While the price is below 1.2607, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2305 Take Profit 1: 1.2250 Take Profit 2: 1.2145 Alternative scenario: If the level 1.2607 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight CIBC analysts believe that the Bank of Canada will hike the rate twice in the next year and 3 times in 2023. This is a less aggressive tightening than what has been priced in. NZD/CAD,D1 Pivot: 0.8824 Analysis: As long as price is above 0.8650 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8824 Take Profit 1: 0.8900 Take Profit 2: 0.8990 Alternative scenario: If the level of 0.8650 is broken-down, follow the...
