Source: PaxForex Premium Analytics Portal, Technical Insight A rebound of oil prices due to Middle East geopolitical tension might boost the commodity-linked Loonie. NZD/CAD,D1 Pivot: 0.8229 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8229 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight A 100 bps BoE easing cycle is the reason why analysts think GBP will be contained this year – but there are growing upside risks for GBP. Pivot: 1.7128 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7128 Take Profit 1: 1.7200 Take Profit 2: 1.7300 Alternative scenario: If level 1.6900 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB governors also enter the black-out period ahead of next week’s policy meeting EUR/CAD,D1 Pivot: 1.4696 Analysis: As long as the price is below 1.4800 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4696 Take Profit 1: 1.4500 Take Profit 2: 1.4400 Alternative scenario: If the level of 1.4800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Speaking on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, European Central Bank (ECB) President Christine Lagarde said that she is “confident inflation will reach the 2.0% target.” EUR/JPY,D1 Pivot: 160.77 Analysis: While the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.77 Take Profit 1: 161.00 Take Profit 2: 162.00 Alternative scenario:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY climbs back into 186.00 on UK labor figures, deflating Yen. Pivot: 186.76 Analysis: As long as the price is above 183.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.76 Take profit 1: 188.50 Take Profit 2: 190.00 Alternative scenario: If the level of 183.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 183.00 Take...
