Source: PaxForex Premium Analytics Portal, Technical Insight Pound Sterling plummets as UK economy approaches recession. .GBP/CHF,D1 Pivot: 1.1136 Analysis: While the price is below 1.1240, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1136 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario: If the level of 1.1240 is broken-out , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1240 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight RBNZ’s Silk: China slowdown, weak global growth pose risk to rate forecast. NZD/CAD,D1 Pivot: 0.8024 Analysis: As long as the price is below 0.8260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8024 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: Time frame: D1 Recommendation: long position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The Pound Sterling (GBP) recovered due to an upbeat market mood while the broader bias remains bearish as S&P Global reported vulnerable preliminary PMI data for August. Pivot: 1.7195 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7195 Take Profit 1: 1.7300 Take Profit 2: 1.7400 Alternative scenario: If level 1.7000 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight European flash PMIs shake market expectations for peak rates and recession, with previously resilient services PMIs collapsing into contraction territory for Germany, the Eurozone, and the UK. EUR/CAD,D1 Pivot: 1.4696 Analysis: As long as the price is above 1.4500 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4696 Take Profit 1: 1.4800 Take Profit 2: 1.4900 Alternative scenario: If the level of 1.4500...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY: JPY trades strong but the upside is limited by dovish BoJ. EUR/JPY,D1 Pivot: 158.15 Analysis: While the price is above 155.80, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.15 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: short position Entry point: 155.80 Take profit 1:...
