Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England used its monetary policy report hearing to once more push back against market expectations on rate cuts next year. Pivot: 186.42 Analysis: As long as the price is above 186.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.42 Take profit 1: 188.50 Take Profit 2: 190.00 Alternative scenario: If the level of 186.00 is broken-down, follow the recommendations below: Time frame:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD advances beyond mid-0.6000s, highest since August amid sustained USD selling. NZD/USD,D1 Pivot: 0.6054 Analysis: While the price is above 0.5970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6054 Take Profit 1: 0.6150 Take Profit 2: 0.6250 Alternative scenario: If level 0.5970 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD stands tall near its highest level since August, around mid-1.0900s. EUR/USD,D1 Pivot: 1.0954 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0954 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD loses momentum above 1.3700, eyes on FOMC Meeting Minutes, Canadian CPI. Pivot: 1.3703 Analysis: While the price is above 1.3650, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3703 Take Profit 1: 1.3900 Take Profit 2: 1.4000 Alternative scenario: If level 1.3650 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3650 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds above 0.6500, eyes on RBA Minutes. AUD/USD,D1 Pivot: 0.6546 Analysis: Provided that the currency pair is above 0.6400, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6546 Take Profit 1: 0.6600 Take Profit 2: 0.6700 Alternative scenario: In case level 0.6400 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6400...
