Source: PaxForex Premium Analytics Portal, Technical Insight The commodity-linked CAD holds mild gains due to a slight upside in crude oil prices as Canada is the biggest crude exporter to the United States. NZD/CAD,D1 Pivot: 0.8135 Analysis: As long as the price is above 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8246 Take Profit 1: 0.8200 Take Profit 2: 0.8100 Alternative scenario: If the level of 0.8260 is broken-down, follow the recommendations below:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP was nearly unchanged for the day as traders opt to wait on the sidelines ahead of the Bank of England (BoE) policy update. Pivot: 1.7738 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7738 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Eurozone inflation disappoints, but signs of consumer pushback bode well for the outlook – ABN AMRO. EUR/CAD,D1 Pivot: 1.4944 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4944 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4800 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY drifts higher above 165.50 after BoJ surprises rate hike. EUR/JPY,D1 Pivot: 165.39 Analysis: While the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 165.39 Take Profit 1: 164.00 Take Profit 2: 163.00 Alternative scenario: If the level 167.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan raises interest rate by 15 bps, sets out tapering plan. Pivot: 196.14 Analysis: As long as the price is below 199.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 196.14 Take profit 1: 195.00 Take Profit 2: 193.00 Alternative scenario: If the level of 199.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
