Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD under pressure before the Central Bank meeting. EUR/USD,D1 Pivot: 1.1286 Analysis: While the price is below 1.1530, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1284 Take Profit 1: 1.1170 Take Profit 2: 1.1100 Alternative scenario: If the level 1.1530 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1530 Take Profit 1: 1.1690 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD is trading above the 1.2800 level and may continue to grow towards the 1.2950/1.3020 area, Société Générale analysts believe. USD/CAD,D1 Pivot: 1.2826 Analysis: While the price is above 1.2570, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2826 Take Profit 1: 1.2900 Take Profit 2: 1.3030 Alternative scenario: If the level 1.2570 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD surged to a new daily low in response to U.S. consumer inflation data.. AUD/USD,D1 Pivot: 0.7161 Analysis: Provided that the currency pair is traded below 0.7315, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7161 Take Profit 1: 0.7100 Take Profit 2: 0.7010 Alternative scenario: In case of break-out of the level 0.7315, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight Britain’s industrial sector recovery lacked momentum in October, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday. GBP/CHF,D1 Pivot: 1.2224 Analysis: While the price is below 1.2524, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2224 Take Profit 1: 1.2100 Take Profit 2: 1.1886 Alternative scenario: If the level 1.2524 is...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters, the Bank of Canada will leave its inflation target at 2.0%, the mid-point of a 1.0%-3.0% range, in a soon-to-be-announced review of its monetary policy framework. NZD/CAD,D1 Pivot: 0.8630 Analysis: As long as price is below 0.8753 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8630 Take Profit 1: 0.8560 Take Profit 2: 0.8392 Alternative scenario: If the level of 0.8753 is broken-out,...
