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:...
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...
