Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada, Macklem: We may raise the rate sooner than previously thought. GBP/CAD,D1 Pivot: 1.6982 Analysis: While the price is below 1.7208, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6982 Take Profit 1: 1.6854 Take Profit 2: 1.6675 Alternative scenario: If the level 1.7208 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7208 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Euro zone inflation expectations have reached a new seven-year high above the ECB's 2% target. EUR/CAD,D1 Pivot: 1.4341 Analysis: As long as price is below 1.4554 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4341 Take Profit 1: 1.4300 Take Profit 2: 1.4095 Alternative scenario: If the level of 1.4554 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY seems to have regained its bullish momentum, reversing after another pullback and may target 133.50. EUR/JPY,D1 Pivot: 133.27 Analysis: While the price is above 130.76, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 133.27 Take Profit 1: 134.00 Take Profit 2: 135.82 Alternative scenario: If the level 130.76 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight A glance at the daily Ichimoku charts shows that the bullish momentum remains strong. There is no evidence that the high of 158.22 is confirmed. Consequently, there are possibilities that the cross will reach higher levels before finally ending the bullish run, which has now climbed above the July 2021 low of 148.47. GBP/JPY,D1 Pivot: 157.10 Analysis: As long as price is above 154.07 follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD is consolidating near 0.7150 after an earlier rise. NZD/USD,D1 Pivot: 0.7154 Analysis: While the price is above 0.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7154 Take Profit 1: 0.7240 Take Profit 2: 0.7320 Alternative scenario: If the level 0.7000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7000 Take Profit 1: 0....
