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...
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:...
