Source: PaxForex Premium Analytics Portal, Technical Insight AUD plunged to 0.6512 last Friday before extending its decline during early Asian. The impulsive decline is likely to extend. That said, the next support at 0.6400 is likely out of reach for now (there is another support at 0.6460). Resistance is at 0.6530 followed by 0.6570. AUD/USD,D1 Pivot: 0.6528 Analysis: Provided that the currency pair is below 0.6700, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6528...
Source: PaxForex Premium Analytics Portal, Technical Insight The Swiss National Bank (SNB) delivered a 75 bps rate hike at its September monetary policy meeting, bringing its policy rate to +0.50%. GBP/CHF,D1 Pivot: 1.0977 Analysis: While the price is below 1.1300, follow the recommendations below: me frame: D1 Recommendation: short position Entry point: 1.0977 Take Profit 1: 1.0900 Take Profit 2: 1.0700 Alternative scenario: If the level of 1.1300 is broken-out, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight Market participants now look forward to the Canadian monthly Retail Sales data, which, along with the flash US PMI prints, could provide some impetus to the CAD rates. NZD/CAD,D1 Pivot: 0.7873 Analysis: As long as the price is below 0.8030 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7873 Take Profit 1: 0.7850 Take Profit 2: 0.7800 Alternative scenario: If the level of 0.8030 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight All eyes will be on the BOE today as the bank will announce its monetary policy decision. The interest rate range, which traders expect, is between 50 to 75 basis points. GBP/CAD,D1 Pivot: 1.5169 Analysis: While the price is below 1.5350, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5169 Take Profit 1: 1.5000 Take Profit 2: 1.4900 Alternative scenario: If level 1.5350 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight European Central Bank (ECB) executive board member Isabel Schnabel said on Thursday, “we must further increase interest rates.” EUR/CAD,D1 Pivot: 1.3245 Analysis: As long as the price is above 1.3000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3245 Take Profit 1: 1.3390 Take Profit 2: 1.3525 Alternative scenario: If the level of 1.3000 is broken-down, follow the recommendations below: ...
