Source: PaxForex Premium Analytics Portal, Technical Insight Investors are increasingly concerned that Canada's federal election could lead to a stalemate that hinders Ottawa's response to the COVID-19 pandemic and further slows the recovery from the crisis. GBP/CAD,D1 Pivot: 1.7476 Analysis: While the price is above 1.7158, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7476 Take Profit 1: 1.7641 Take Profit 2: 1.7777 Alternative scenario: If the level 1.7158...
Source: PaxForex Premium Analytics Portal, Technical Insight Canada: CPI up 4.1% y/y in August. EUR/CAD,D1 Pivot: 1.4964 Analysis: As long as price is above 1.4612 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4964 Take Profit 1: 1.5100 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.4612 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4612 Take profit 1: 1.4283 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/JPY will rise to resistance at 130.75/131.10- Credit Suisse. EUR/JPY,D1 Pivot: 129.39 Analysis: While the price is above 129.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 129.39 Take Profit 1: 130.20 Take Profit 2: 131.00 Alternative scenario: If the level 129.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 129.20 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight According to HSBC, monetary and fiscal policy will put pressure on the pound. GBP/JPY,D1 Pivot: 151.33 Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.33 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 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Westpac Consumer Confidence for September increased 2.0% monthly to 106.2. Forex traders can compare this to Australian Westpac Consumer Confidence for August, which decreased 4.4% monthly to 104.1. The Preliminary French CPI for August increased 0.6% monthly and 1.9% annualized. Economists predicted an increase of 0.6% and 1.9%. Forex traders can compare this to the French CPI for July, which increased 0.1% monthly and 1.2% annualized. The French...
