Source: PaxForex Premium Analytics Portal, Technical Insight According to the latest Reuters poll from October 13-20, market analysts expect the Bank of England to be the first of the world's leading central banks to raise rates in the new post-pandemic cycle. GBP/CAD,D1 Pivot: 1.7020 Analysis: While the price is below 1.7208, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7020 Take Profit 1: 1.6854 Take Profit 2: 1.6675 Alternative scenario: If the level 1.7208...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: CPI inflation growth exceeded expectations in September. EUR/CAD,D1 Pivot: 1.4360 Analysis: As long as price is below 1.4554 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4360 Take Profit 1: 1.4300 Take Profit 2: 1.4095 Alternative scenario: If the level of 1.4554 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4554 Take profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Lane: markets may not have fully digested the communicative policy yet. EUR/JPY,D1 Pivot: 133.03 Analysis: While the price is above 130.76, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 133.03 Take Profit 1: 134.00 Take Profit 2: 135.82 Alternative scenario: If the level 130.76 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 130.76...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Japan, Amamiya: will continue to support corporate financing with the pandemic program. GBP/JPY,D1 Pivot: 157.69 Analysis: As long as the price is above 154.07 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 157.69 Take profit 1: 158.50 Take Profit 2: 161.50 Alternative scenario: If the level of 154.07 is broken-down, follow the recommendations below: Time frame...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD: 1-month forecast raised to 0.70 - Rabobank. NZD/USD,D1 Pivot: 0.7083 Analysis: While the price is above 0.6960, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7083 Take Profit 1: 0.7160 Take Profit 2: 0.7240 Alternative scenario: If the level 0.6960 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6960 Take Profit 1: 0.6905 Take...
