Source: PaxForex Premium Analytics Portal, Technical Insight Canada reported a comparatively steep cut in the number of Canadians taking unemployment benefits. NZD/CAD,D1 Pivot: 0.8374 Analysis: As long as the price is below 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8374 Take Profit 1: 0.8400 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight BoE is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark. Pivot: 1.7433 Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7433 Take Profit 1: 1.7500 Take Profit 2: 1.7600 Alternative scenario: If level 1.7200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight BoC Summary of Deliberations delivers little new, but reiterates widening policy divergence. EUR/CAD,D1 Pivot: 1.4728 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4728 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Euro sees mid-tier data docket until Friday’s PMI prints. EUR/JPY,D1 Pivot: 169.51 Analysis: While the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 168.93 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 167.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.00 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY recovery stalls near 200.00 as focus shifts to UK Inflation. Pivot: 200.54 Analysis: As long as the price is above 197.00 follow the recommendations below Time frame: D1 Recommendation: long position Entry point: 200.54 Take profit 1: 202.00 Take Profit 2: 204.00 Alternative scenario: If the level of 197.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 197.00 Take...
