Source: PaxForex Premium Analytics Portal, Technical Insight CAD is mostly lower on Thursday as broader markets pivot into safe haven currencies after US inflation from the Consumer Price Index (CPI) ticked broadly higher than markets were expecting, widening the gap between market hopes of a March rate cut and the Fed’s current stance. NZD/CAD,D1 Pivot: 0.8346 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8346...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) has extended its upside, capitalizing on improved market sentiment and an absence of commentary hinting at interest rate cuts from any Bank of England (BoE) policymakers. Pivot: 1.7055 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7055 Take Profit 1: 1.7200 Take Profit 2: 1.7300 Alternative scenario: If level 1.6900 is broken-down,...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Villeroy commits to bring inflation back at 2.0% by 2025. EUR/CAD,D1 Pivot: 1.4670 Analysis: As long as the price is below 1.4800 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4670 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 Entry point: 1.4800...
Source: PaxForex Premium Analytics Portal, Technical Insight The Euro posts minuscule losses after seesawing in an 80 pip range on Tuesday, with the EUR/JPY trading at 157.91, down 0.01% due to investors turning risk averse, as safe-haven currencies rose. EUR/JPY,D1 Pivot: 158.38 Analysis: While the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.38 Take Profit 1: 160.00 Take Profit 2: 161.00 Alternative scenario: If the level 157.00 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight Japanese Yen refreshes weekly low as falling Japanese wage growth lifts bets for BoJ pause. Pivot: 184.03 Analysis: As long as the price is above 182.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 184.03 Take profit 1: 185.00 Take Profit 2: 186.00 Alternative scenario: If the level of 182.00 is broken-down , follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
