Source: PaxForex Premium Analytics Portal, Technical Insight BoC Governor Tiff Macklem said that it is reasonable to expect more rate cuts as the BoC has made progress in bringing inflation back down to the 2% target. NZD/CAD,D1 Pivot: 0.8518 Analysis: As long as the price is above 0.8400 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8518 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 Markets pared back their recent tilt into a Pound Sterling bull run. Pivot: 1.7959 Analysis: While the price is above 1.7700, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7959 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 The BoC Governor Tiff Macklem said on that the central bank has made in bringing inflation back down to the 2% target, so it is reasonable to expect more rate cuts. EUR/CAD,D1 Pivot: 1.5009 Analysis: As long as the price is above 1.4900 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5009 Take Profit 1: 1.5200 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4900 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY is trading in the 160.20s, up almost 0.40% on Tuesday, after the announcement of substantial new stimulus measures by China revived the carry trade. EUR/JPY,D1 Pivot: 159.92 Analysis: While the price is above 157.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 156.92 Take Profit 1: 163.00 Take Profit 2: 165.00 Alternative scenario: If the level 157.00 is broken-down, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY rises for the seventh consecutive day on Tuesday, it is now close to the key September 2 high at 193.49. Pivot: 191.93 Analysis: As long as the price is above 185.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 191.93 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...
