Source: PaxForex Premium Analytics Portal, Technical Insight Canada’s MoM Building Permits jumped to a seven-month high of 13.5% in January, well above the 5.5% forecast and recovering from the previous month’s -11.5% decline. NZD/CAD,D1 Pivot: 0.8308 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8308 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight UK budget may have limited impact on the Pound Sterling – Rabobank. Pivot: 1.7218 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7218 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: short position Entry point: 1.6900 Take profit 1: 1...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB is widely expected to leave rates unchanged for the fourth time in a row. EUR/CAD,D1 Pivot: 1.4729 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4729 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 EUR/JPY: Bulls remain dominant despite bearish signals on the daily and hourly chart. EUR/JPY,D1 Pivot: 162.73 Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.73 Take Profit 1: 164.00 Take Profit 2: 166.00 Alternative scenario: If the level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00...
Source: PaxForex Premium Analytics Portal, Technical Insight The Japanese Yen attracts some buyers for the second straight day on Wednesday, though lacks follow-through amid the uncertainty about the Bank of Japan's policy outlook. Pivot: 190.43 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 190.43 Take profit 1: 192.00 Take Profit 2: 194.00 Alternative scenario: If the level of 186.00 is broken-down , follow the...
