Source: PaxForex Premium Analytics Portal, Technical Insight UK’s soft inflation data for February has lifted expectations for BoE rate cuts in June. GBP/CHF,D1 Pivot: 1.1387 Analysis: While the price is above 1.1200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1387 Take Profit 1: 1.1500 Take Profit 2: 1.1600 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar received a boost from increased prospects of foreign currency inflows, driven by an uptick in WTI oil prices NZD/CAD,D1 Pivot: 0.8149 Analysis: As long as the price is below 0.8200 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8089 Take Profit 1: 0.8000 Take Profit 2: 0.7900 Alternative scenario: If the level of 0.8200 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling remains on backfoot on firm BoE rate cut hopes. Pivot: 1.7149 Analysis: While the price is above 1.6900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7149 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: 1.6800 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Cipollone: ECB has room to lower rate swiftly despite wage rebound. EUR/CAD,D1 Pivot: 1.4691 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4691 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 recovers losses on possible Japanese intervention, trades around 164.10. EUR/JPY,D1 Pivot: 164.13 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.13 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: 161.00...