Source: PaxForex Premium Analytics Portal, Technical Insight According to Danske Bank, Loonie might get support from market expectations regarding a rate hike by the Bank of Canada. These expectations are built into the price and might hold up. Experts believe the Central Bank of Canada will raise the rate in the 3rd quarter of 2022 and then implement 3 more rate hikes before the end of 2023. GBP/CAD,D1 Pivot: 1.6996 Analysis: While the price is below 1.7183, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Reuters reports that Central Bank governor and ECB official Peter Kazimir has been charged with bribery. EUR/CAD,D1 Pivot: 1.4427 Analysis: As long as price is below 1.4650 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4427 Take Profit 1: 1.4329 Take Profit 2: 1.4084 Alternative scenario: If the level of 1.4650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: The intermediate resistance is at 131.75. EUR/JPY,D1 Pivot: 130.98 Analysis: While the price is above 128.36, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 130.98 Take Profit 1: 132.00 Take Profit 2: 134.35 Alternative scenario: If the level 128.36 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 128.36 Take profit 1: 126.72 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Japan has lowered its economic assessment of five of Japan's nine regions. GBP/JPY,D1 Pivot: 151.88 Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 154.36 Take profit 1: 156.27 Take Profit 2: 158.29 Alternative scenario: If the level of 149.14 is broken-down, follow the recommendations below: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: consolidation is expected between 0.6875 and 0.7000 - UOB Group. NZD/USD,D1 Pivot: 0.6934 Analysis: While the price is below 0.7080, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6934 Take Profit 1: 0.6900 Take Profit 2: 0.6820 Alternative scenario: If the level 0.7080 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7080 Take...
