Source: PaxForex Premium Analytics Portal, Technical Insight UK Gross Domestic Product Preview: The British economy is set for a slight decline in Q3 as high rates bite. GBP/CHF,D1 Pivot: 1.1046 Analysis: While the price is above 1.0900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1046 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.0900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ Survey: NZ inflation expectations ease to 2.76% in Q4 2023. NZD/CAD,D1 Pivot: 0.8141 Analysis: As long as the price is below 0.8100 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8141 Take Profit 1: 0.8250 Take Profit 2: 0.8350 Alternative scenario: If the level of 0.8030 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8030...
Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian Dollar (CAD) is extending the week’s decline, getting pushed down as broader markets favor the US Dollar (USD) and Crude Oil bids decline into four-month lows. Pivot: 1.6932 Analysis: While the price is above 1.6750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6932 Take Profit 1: 1.7000 Take Profit 2: 1.7150 Alternative scenario: If level 1.6750 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's Nagel: Firms need to absorb some of the recent strong wage increases. EUR/CAD,D1 Pivot: 1.4761 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4761 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 position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY cracks 15-year high, sees 161.00. EUR/JPY,D1 Pivot: 160.99 Analysis: While the price is above 157.75, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 160.99 Take Profit 1: 162.00 Take Profit 2: 164.00 Alternative scenario: If the level 157.75 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.75 Take profit 1: 155.80 Take Profit 2: 154....
