Source: PaxForex Premium Analytics Portal, Technical Insight Bank of Canada (BoC) said at a recent meeting that an additional rate hike cannot be ruled out. However, the markets anticipate that the odds of another rate hike have decreased, and investors widely expect its next move will be to cut interest rates sometime next year. EUR/CAD,D1 Pivot: 1.4669 Analysis: As long as the price is below 1.4800 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4669 Take Profit 1...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB's de Guindos: Too early for monetary policy to start to ease. EUR/JPY,D1 Pivot: 157.53 Analysis: While the price is below 159.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.53 Take Profit 1: 156.00 Take Profit 2: 154.00 Alternative scenario: If the level 159.50 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 159.50 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY jumps to levels near 184.00 as a dovish BoJ hammers the Yen.. Pivot: 181.63 Analysis: As long as the price is below 186.00 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 181.63 Take profit 1: 181.00 Take Profit 2: 179.50 Alternative scenario: If the level of 186.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 186.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The New Zealand Dollar would continue to perform better against the US Dollar as the Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates high for a longer period. NZD/USD,D1 Pivot: 0.6321 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6321 Take Profit 1: 0.6350 Take Profit 2: 0.6450 Alternative scenario: If level 0.6200 is broken-down, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD slips back from 1.1040 as markets pare back Greenback shorts. EUR/USD,D1 Pivot: 1.1022 Analysis: While the price is above 1.0800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1022 Take Profit 1: 1.1040 Take Profit 2: 1.1180 Alternative scenario: If level 1.0800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0800 Take...
