Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar recovers on Thursday in pre-NFP market churn. NZD/CAD,D1 Pivot: 0.8222 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8222 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England is set to hold its policy rate for a fourth meeting in a row on “Super Thursday.” It will be the UK central bank’s first policy meeting of 2024, and it is expected to set the direction for the Pound Sterling market in the months to come. Pivot: 1.7018 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7018 Take Profit 1: 1.7300 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's de Guindos: Eurozone growth could be weaker this year than the ECB predicted. EUR/CAD,D1 Pivot: 1.4516 Analysis: As long as the price is below 1.4700 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4516 Take Profit 1: 1.4400 Take Profit 2: 1.4300 Alternative scenario: If the level of 1.4700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight e EUR/JPY advances modestly on Tuesday, and buyers recover the psychological 160.00 figure. Solid GDP data from the Euro area, along with lower-than-expected inflation data in Japan, eases the pressure off the Bank of Japan (BoJ) to end its ultra-loose policy. EUR/JPY,D1 Pivot: 159.81 Analysis: While the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.81 Take Profit 1: 161.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The British Pound (GBP) pares earlier losses against the Japanese Yen (JPY) on Tuesday, even though data eased the pressure off the Bank of England (BoE) to keep interest rates higher. Pivot: 187.25 Analysis: As long as the price is above 183.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 187.25 Take profit 1: 188.50 Take Profit 2: 190.00 Alternative scenario: If the level of 183.00 is broken-down ,...
