Source: PaxForex Premium Analytics Portal, Technical Insight According to Reuters' poll of analysts, some experts still say the Bank of England is likely to raise its key interest rate from 0.10% to 0.25% as soon as its December 16 meeting. GBP/CAD,D1 Pivot: 1.6704 Analysis: While the price is above 1.6544, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.6704 Take Profit 1: 1.6900 Take Profit 2: 1.7100 Alternative scenario: If the level 1.6544 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Rehn: inflation should fall from the beginning of next year. EUR/CAD,D1 Pivot: 1.4348 Analysis: As long as price is above 1.4172 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4348 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...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan, Amamiya: Omicron strain raises uncertainty for Japan's economic outlook. EUR/JPY,D1 Pivot: 127.99 Analysis: While the price is below 131.26, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 127.99 Take Profit 1: 127.00 Take Profit 2: 126.04 Alternative scenario: If the level 131.26 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight According to a Financial Times (FT) survey of economists and traders, the Bank of England is unlikely to hike interest rates this month as uncertainty over the new coronavirus strain has increased. GBP/JPY,D1 Pivot: 150.32 Analysis: As long as price is below 154.56 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 150.32 Take profit 1: 148.94 Take Profit 2: 146.00 Alternative scenario: If the level of 154.56 is...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD consolidated on Monday, spending most of it in a narrow range of 0.6740-0.6760. NZD/USD,D1 Pivot: 0.6754 Analysis: While the price is below 0.7015, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6754 Take Profit 1: 0.6720 Take Profit 2: 0.6590 Alternative scenario: If the level 0.7015 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0....
