Source: PaxForex Premium Analytics Portal, Technical Insight April is the CAD’s best month of the calendar year against the USD – Scotiabank. NZD/CAD,D1 Pivot: 0.8149 Analysis: As long as the price is above 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8149 Take Profit 1: 0.8350 Take Profit 2: 0.8450 Alternative scenario: If the level of 0.8100 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight British inflation slowed in February, keeping the Bank of England on track to start cutting interest rates in the months ahead and offering some better economic news to Prime Minister Rishi Sunak. Pivot: 1.7226 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7226 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.6900 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight Lagarde speech: There are reasons to believe that the disinflationary path will continue. EUR/CAD,D1 Pivot: 1.4726 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4726 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s de Cos: We could start cutting rates in June but it is conditional on the data. EUR/JPY,D1 Pivot: 164.55 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.55 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY rises to near 190.30 after BoJ's decision to lift policy rates by 10 bps. Pivot: 192.52 Analysis: As long as the price is above 188.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 192.52 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: short position Entry...
