Source: PaxForex Premium Analytics Portal, Technical Insight Canada's economy returned to growth as consumers began visiting restaurants and entertainment venues again, increasing spending on this service sector. According to Statistics Canada, gross domestic product rose 0.7% in August, following a 0.1% decline in July. GBP/CAD,D1 Pivot: 1.7099 Analysis: While the price is below 1.7489, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7099 Take Profit 1: 1.6993 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Centeno: Inflation should decline if the impact of atypical factors is reduced. EUR/CAD,D1 Pivot: 1.4548 Analysis: As long as price is below 1.4826 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4578 Take Profit 1: 1.4500 Take Profit 2: 1.4329 Alternative scenario: As long as price is below 1.4826 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4826...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY rises above the key barrier at 129.00 after an upside reversal. The pair rose for the second session in a row and has already managed to take the 129.00 level again on the background of stronger demand for the dollar and recovery of the treasury yields. EUR/JPY,D1 Pivot: 129.27 Analysis: While the price is above 128.36, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.27 Take Profit 1: 130.27 Take Profit...
Source: PaxForex Premium Analytics Portal, Technical Insight Japan, Suzuki: received guidance from the new premier on easing policy. GBP/JPY,D1 Pivot: 151.88 Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.88 Take profit 1: 152.50 Take Profit 2: 156.27 Alternative scenario: If the level of 149.14 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight The New Zealand Central Bank is widely expected to raise its key interest rate this week on October 6. Analysts at ING write that such an outcome will support the NZD, although the currency continues to be vulnerable to the markets' general risk sentiment. NZD/USD,D1 Pivot: 0.6962 Analysis: While the price is below 0.7080, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6962 Take Profit 1: 0.6900 Take Profit...
