Source: PaxForex Premium Analytics Portal, Technical Insight Bets for more aggressive rate cuts by the RBNZ continue to undermine demand for the NZD. NZD/CAD,D1 Pivot: 0.8346 Analysis: As long as the price is above 0.8300 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8346 Take Profit 1: 0.8500 Take Profit 2: 0.8600 Alternative scenario: If the level of 0.8300 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoC is expected to cut rates by 50 bps next week. Pivot: 1.7862 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7862 Take Profit 1: 1.8000 Take Profit 2: 1.8100 Alternative scenario: If level 1.7700 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7700 Take profit 1: 1.7600 Take Profit 2: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. EUR/CAD,D1 Pivot: 1.4937 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4937 Take Profit 1: 1.5200 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY continues trying but failing to breakout above the top of a range. EUR/JPY,D1 Pivot: 162.47 Analysis: While the price is above 159.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 162.47 Take Profit 1: 165.00 Take Profit 2: 167.00 Alternative scenario: If the level 159.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The UK CPI inflation report could affirm expectations of a 25 bps interest-rate cut by the BoE in November, injecting a fresh bout of volatility into the Pound Sterling. Pivot: 194.92 Analysis: As long as the price is above 192.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 194.92 Take profit 1: 197.00 Take Profit 2: 199.00 Alternative scenario: If the level of 192.00 is broken-down, follow the...
