Source: PaxForex Premium Analytics Portal, Technical Insight Expectations for a bigger interest rate cut by the Bank of Canada (BoC) weigh on the Canadian Dollar (CAD) and offer additional support to spot prices. NZD/CAD,D1 Pivot: 0.8420 Analysis: As long as the price is above 0.8400 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8420 Take Profit 1: 0.8600 Take Profit 2: 0.8700 Alternative scenario: If the level of 0.8400 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight A less dovish stance of the BoE might cap the GBP’s downside. Pivot: 1.7908 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7908 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...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB set to lower its key rate in October – Commerzbank. EUR/CAD,D1 Pivot: 1.4913 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4913 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 position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY pressured lower after cooling inflation weighs on a single currency. EUR/JPY,D1 Pivot: 158.86 Analysis: While the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 158.86 Take Profit 1: 163.00 Take Profit 2: 165.00 Alternative scenario: If the level 157.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY slides below 192.00 to hit a fresh daily low, downside potential seems limited. Pivot: 190.62 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 190.62 Take profit 1: 194.00 Take Profit 2: 197.00 Alternative scenario: If the level of 185.00 is broken-down, follow the recommendations below: Time frame: D1...
