Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD appreciates as Trump’s proposed fiscal policies could heighten inflation risks, prompting the Fed to adopt a hawkish stance. Pivot: 1.3917 Analysis: While the price is above 1.3800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3917 Take Profit 1: 1.4000 Take Profit 2: 1.4100 Alternative scenario: If level 1.3800 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD holds below 0.6600 as the Trump tariff threat looms. AUD/USD,D1 Pivot: 0.6589 Analysis: Provided that the currency pair is above 0.6500, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6589 Take Profit 1: 0.6700 Take Profit 2: 0.6800 Alternative scenario: In case level 0.6500 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6500...
Source: PaxForex Premium Analytics Portal, Technical Insight The BOE decided to cut the benchmark rate to 4.75% at its November meeting on Thursday. GBP/CHF,D1 Pivot: 1.1136 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1321 Take Profit 1: 1.1400 Take Profit 2: 1.1500 Alternative scenario: If the level of 1.1100 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight Any signs of a weakening labor market in Canada could support the Bank of Canada making another super-sized interest rate cut and weighing on the Loonie. NZD/CAD,D1 Pivot: 0.8336 Analysis: As long as the price is above 0.8250 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8336 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8250 is broken-down, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England will announce its policy decision later today and is widely expected to lower interest rates for the second time this year on the back of slowing inflation. Pivot: 1.7954 Analysis: While the price is above 1.7800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7954 Take Profit 1: 1.8100 Take Profit 2: 1.8200 Alternative scenario: If level 1.7800 is broken-out, follow the...
