Source: PaxForex Premium Analytics Portal, Technical Insight The New Zealand Dollar catches a fresh bid in an immediate reaction to the RBNZ ’s status quo. NZD/CAD,D1 Pivot: 0.8205 Analysis: AAs long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8205 Take Profit 1: 0.8250 Take Profit 2: 0.350 Alternative scenario: If the level of 0.8100 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling will be influenced by the United Kingdom's monthly GDP and February Industrial Production, due Friday. Pivot: 1.7159 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7159 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight This divergence in easing between the Bank of Canada and the Federal Reserve could potentially weaken the Canadian dollar further in the coming months. EUR/CAD,D1 Pivot: 1.4694 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4694 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4500 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY consolidates around 164.00 as intervention threats remain. EUR/JPY,D1 Pivot: 164.69 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.69 Take Profit 1: 166.00 Take Profit 2: 168.00 Alternative scenario: If the level 161.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 161.00 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling rises as market sentiment improves. Investors ignore uncertainty ahead of US inflation data. Pivot: 192.41 Analysis: As long as the price is above 188.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 192.41 Take profit 1: 194.00 Take Profit 2: 196.00 Alternative scenario: If the level of 188.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation:...
