Source: PaxForex Premium Analytics Portal, Technical Insight Markets bid up the Pound Sterling despite UK PMI figures missing the mark. GBP/CHF,D1 Pivot: 1.1222 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1222 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1100 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The weakening of the commodity-linked CAD is bolstered by lower Oil prices. NZD/CAD,D1 Pivot: 0.8301 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8301 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling swooned on Wednesday, declining further as GBP markets buckle under the weight of a broad-market Greenback recovery and investors brace for an overall decline in UK PMI prints for October. Pivot: 1.7875 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7875 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken...
Source: PaxForex Premium Analytics Portal, Technical Insight Thursday PMIs crucial for Euro as economists pencil in “outright contraction”. EUR/CAD,D1 Pivot: 1.4910 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4910 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 Recommendation: short ...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB Lagarde’s middling comments did little to support Fiber bids. EUR/JPY,D1 Pivot: 163.93 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 166.93 Take Profit 1: 165.00 Take Profit 2: 167.00 Alternative scenario: If the level 160.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.00 Take profit...
