Source: PaxForex Premium Analytics Portal, Technical Insight The UK economy grew by 0.2% in August, rebounding from a revised 0.6% decline in July. The gain of 0.2% matched market expectations and the British pound is showing little reaction.. GBP/CHF,D1 Pivot: 1.1122 Analysis: While the price is below 1.1220, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1062 Take Profit 1: 1.1025 Take Profit 2: 1.0980 Alternative scenario: If the level of 1.1220 is broken-...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar tumbles after US CPI inflation sparks Fed fears. NZD/CAD,D1 Pivot: 0.8098 Analysis: As long as the price is above 0.8070 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8098 Take Profit 1: 0.8200 Take Profit 2: 0.8250 Alternative scenario: If the level of 0.8070 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8070...
Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling accelerates ahead of UK factory and GDP data. Pivot: 1.6731 Analysis: While the price is above 1.6580, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6731 Take Profit 1: 1.6800 Take Profit 2: 1.6900 Alternative scenario: If level 1.6580 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.6580 Take profit 1: 1.6500 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's de Cos: Negative GDP reading for Q3 possible. EUR/CAD,D1 Pivot: 1.4424 Analysis: As long as the price is above 1.4350 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4424 Take Profit 1: 1.4550 Take Profit 2: 1.4700 Alternative scenario: If the level of 1.4350 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4350...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY sets aside Monday’s small pullback and resumes the upside to the boundaries of the 158.00 zone on Tuesday. EUR/JPY,D1 Pivot: 158.00 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.00 Take Profit 1: 160.00 Take Profit 2: 162.00 Alternative scenario: If the level 155.80 is broken-down, follow the recommendations below: Time frame: D1 Recommendation...
