Source: PaxForex Premium Analytics Portal, Technical Insight The BoE is expected to cut rates for the first time in more than four years at its policy meeting next week. GBP/CHF,D1 Pivot: 1.1339 Analysis: While the price is above 1.1400, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1399 Take Profit 1: 1.1200 Take Profit 2: 1.1100 Alternative scenario: If the level of 1.1400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long...
Source: PaxForex Premium Analytics Portal, Technical Insight The CAD heaved on Thursday, tossed around by general market flows as investors reacted to an unexpected surge in US GDP figures for the second quarter. NZD/CAD,D1 Pivot: 0.8135 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8135 Take Profit 1: 0.8100 Take Profit 2: 0.8000 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar roils after BoC delivers a rate cut but revises growth forecast lower. Pivot: 1.7808 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7808 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600...
Source: PaxForex Premium Analytics Portal, Technical Insight The ECB’s dovish outlook weighs on the Euro and contributes to the ongoing depreciating move. EUR/CAD,D1 Pivot: 1.4980 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4980 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4800 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY dives to over one-month low amid BoJ rate-hike bets, Eurozone PMIs in focus. EUR/JPY,D1 Pivot: 167.70 Analysis: While the price is above 167.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.70 Take Profit 1: 171.00 Take Profit 2: 173.00 Alternative scenario: If the level 167.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 167.00...