Source: PaxForex Premium Analytics Portal, Technical Insight The Canadian dollar is reluctantly strengthening, despite the favorable fundamental background. Economists from Scotiabank expect that the Canadian dollar will definitely start to rise after the holidays. GBP/CAD,D1 Pivot: 1.7137 Analysis: While the price is above 1.6772, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7137 Take Profit 1: 1.7250 Take Profit 2: 1.7584 Alternative scenario: If the level 1.6772...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: retail sales up 1.6% in October. EUR/CAD,D1 Pivot: 1.4534 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4534 Take Profit 1: 1.4700 Take Profit 2: 1.4998 Alternative scenario: If the level of 1.4172 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Casimir: there is a risk that elevated inflation will persist for a long time. EUR/JPY,D1 Pivot: 128.73 Analysis: While the price is above 125.98, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 128.73 Take Profit 1: 129.50 Take Profit 2: 131.55 Alternative scenario: If the level 125.98 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 125.98...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan meeting minutes: Central Bank officials discussed the effect of the weak JPY on the economy. GBP/JPY,D1 Pivot: 151.37 Analysis: As long as price is above 147.06 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.37 Take profit 1: 152.50 Take Profit 2: 154.86 Alternative scenario: If the level of 147.06 is broken-down, follow the recommendations below: ...
Source: PaxForex Premium Analytics Portal, Technical Insight The NZD/USD will eventually reverse to 0.66 - Westpac. NZD/USD,D1 Pivot: 0.6751 Analysis: While the price is below 0.6860, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6712 Take Profit 1: 0.6685 Take Profit 2: 0.6600 Alternative scenario: If the level 0.6860 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6860 Take Profit 1: 0.6960 Take...
