Source: PaxForex Premium Analytics Portal, Technical Insight Diminishing odds for more aggressive ECB rate cuts lend support to the Euro and limit further losses. EUR/CAD,D1 Pivot: 1.4921 Analysis: As long as the price is above 1.4800 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4921 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4800 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY remains subdued around 165.50 following BoJ Meeting Minutes, awaits Eurozone PMI. EUR/JPY,D1 Pivot: 165.85 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.12 Take Profit 1: 168.00 Take Profit 2: 170.00 Alternative scenario: If the level 160.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight The BoE is expected to cut interest rates at its November meeting on Thursday. Pivot: 197.99 Analysis: As long as the price is above 195.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 197.99 Take profit 1: 201.00 Take Profit 2: 204.00 Alternative scenario: If the level of 195.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 195.00...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD softens below 0.6000 as RBNZ says economic downturn could get worse. NZD/USD,D1 Pivot: 0.5981 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5981 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6200 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD posts modest gains above 1.0850, all eyes on the US presidential election results. EUR/USD,D1 Pivot: 1.0878 Analysis: While the price is below 1.1000, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0878 Take Profit 1: 1.0800 Take Profit 2: 1.0700 Alternative scenario: If level 1.1000 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1000...
