Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada, Macklem: timing of the decline will depend on the development of the economy. NZD/CAD,D1 Pivot: 0.9001 Analysis: As long as price is above 0.8776 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.9001 Take Profit 1: 0.9100 Take Profit 2: 0.9284 Alternative scenario: If the level of 0.8776 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of Canada (BoC) announced Wednesday that it left its key rate unchanged at 0.25% after its July policy meeting, as expected. 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 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB, Vasle: Monetary policy is still "highly accommodative." EUR/CAD,D1 Pivot: 1.4994 Analysis: As long as price is above 1.4612 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4994 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY was able to continue the rally which started after the NFP report and reached 130.20, before going back to 130.60. EUR/JPY,D1 Pivot: 130.57 Analysis: While the price is above 129.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 130.57 Take Profit 1: 131.00 Take Profit 2: 132.22 Alternative scenario: If the level 129.20 is broken-down, follow the recommendations below: Time frame: D1 Recommendation...
Source: PaxForex Premium Analytics Portal, Technical Insight Bank of England, Saunders: we don't need as much stimulus as before. GBP/JPY,D1 Pivot: 151.96 Analysis: As long as price is above 149.14 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 151.96 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 Entry...
