Source: PaxForex Premium Analytics Portal, Technical Insight GBP prints a fresh four-month low as strong wage growth momentum in August has set a hawkish undertone for the Bank of England’s (BoE) September monetary policy decision. .GBP/CHF,D1 Pivot: 1.1121 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1121 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is broken-out ,...
Source: PaxForex Premium Analytics Portal, Technical Insight Crude Oil prices hold steady near the highest level since November 2022, which, in turn, continues to underpin the commodity-linked Loonie. NZD/CAD,D1 Pivot: 0.7996 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7996 Take Profit 1: 0.7950 Take Profit 2: 0.7850 Alternative scenario: If the level of 0.8260 is broken-out, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The British Pound is under pressure today after significantly weaker GDP data for the month of July and a decline in industrial production. Pivot: 1.6911 Analysis: While the price is above 1.6880, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6911 Take Profit 1: 1.7100 Take Profit 2: 1.7200 Alternative scenario: If level 1.6880 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Euro area industrial production declined 1.1% m/m in July (cons: -0.9%). Germany, Italy, and Spain drove the decline while French production rose in July. EUR/CAD,D1 Pivot: 1.4542 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4542 Take Profit 1: 1.4700 Take Profit 2: 1.4800 Alternative scenario: If the level of 1.4500 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The Euro (EUR) advances against the Japanese Yen (JPY) for the second straight day after forming a hammer, which suggests the cross-currency pair could be headed for higher prices. EUR/JPY,D1 Pivot: 158.11 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.11 Take Profit 1: 160.00 Take Profit 2: 162.00 Alternative scenario: If the level 155.80 is broken-down, follow...
