Source: PaxForex Premium Analytics Portal, Technical Insight The flash estimate for the UK S&P Global/CIPS Manufacturing purchasing managers’ index (PMI) for November clocked in at 46.7. This was a step up from October’s 44.8, as well as analyst estimates of 45. Although output was still contracting, it was at the slowest rate in five months. GBP/CHF,D1 Pivot: 1.1067 Analysis: While the price is above 1.0900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight After more than a month of negotiations over ministerial roles and policies, New Zealand's National Party has achieved an agreement with ACT New Zealand and New Zealand First to form the country's next three-party coalition government, per Reuters. NZD/CAD,D1 Pivot: 0.8270 Analysis: As long as the price is above 0.8030 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8270 Take Profit 1: 0.8350 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight UK Finance Minister Jeremy Hunt announced the Autumn Forecast Statement on Wednesday, stating that “we will reduce debt, cut taxes, reward work in this statement.” Pivot: 1.7093 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7093 Take Profit 1: 1.7200 Take Profit 2: 1.7300 Alternative scenario: If level 1.7000 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s de Guindos: It's premature to discuss rate cuts. EUR/CAD,D1 Pivot: 1.4902 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4902 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 position Entry point...
Source: PaxForex Premium Analytics Portal, Technical Insight President Lagarde stated at a Berlin event that it is too early to declare victory over inflation and that bets based on short-term data flow are premature. EUR/JPY,D1 Pivot: 162.33 Analysis: While the price is above 161.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.33 Take Profit 1: 164.50 Take Profit 2: 166.00 Alternative scenario: If the level 161.00 is broken-down, follow the recommendations below...
