Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Bailey: let's not rush to raise rates despite rising inflation. GBP/USD,D1 Pivot: 1.3841 Analysis: While the price is below 1.4040, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3841 Take Profit 1: 1.3670 Take Profit 2: 1.3540 Alternative scenario: If the level 1.4040 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4040...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Schnabel: Inflation rises due to ECB tolerance. EUR/USD,D1 Pivot: 1.1832 Analysis: While the price is below 1.1950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1832 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1950 Take Profit 1: 1.2050 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD started the week lower, but then gained back the lion's share of the points lost. The focus remains on the upcoming monetary policy meeting of the Central Bank of New Zealand, ANZ Bank analysts write. NZD/USD,D1 Pivot: 0.6983 Analysis: While the price is above 0.6820, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6983 Take Profit 1: 0.7236 Take Profit 2: 0.7349 Alternative scenario: If...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD rose at the beginning of the American session and posted a daily high at 1.2522. USD/CAD,D1 Pivot: 1.2448 Analysis: Provided that the currency pair is traded above 1.2250, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2448 Take Profit 1: 1.2650 Take Profit 2: 1.2740 Alternative scenario: In case of breakdown of the level 1.2250, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD: might rise to 1.3960 - UOB Group. GBP/USD,D1 Pivot: 1.3887 Analysis: While the price is below 1.4040, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3887 Take Profit 1: 1.3670 Take Profit 2: 1.3540 Alternative scenario: If the level 1.4040 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4040 Take Profit 1: 1.4240 Take Profit 2: 1....
