Source: PaxForex Premium Analytics Portal, Technical Insight The Bank of England has kept rates on hold at its final meeting of 2023. GBP/CHF,D1 Pivot: 1.1065 Analysis: While the price is above 1.0900, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1065 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level of 1.0900 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0900...
Source: PaxForex Premium Analytics Portal, Technical Insight New Zealand: A weaker GDP number could be beneficial for the RBNZ – Commerzbank. NZD/CAD,D1 Pivot: 0.8296 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8296 Take Profit 1: 0.8450 Take Profit 2: 0.8550 Alternative scenario: If the level of 0.8200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight Canadian Dollar rides a risk-on wave after Fed cuts rate expectations. Pivot: 1.7055 Analysis: While the price is above 1.7000, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7055 Take Profit 1: 1.7200 Take Profit 2: 1.7300 Alternative scenario: If level 1.7000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7000 Take profit 1: 1....
Source: PaxForex Premium Analytics Portal, Technical Insight CAD catches a supporting bid from rising Crude Oil, WTI bounces from new lows. EUR/CAD,D1 Pivot: 1.4703 Analysis: As long as the price is below 1.4800 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.4703 Take Profit 1: 1.4600 Take Profit 2: 1.4500 Alternative scenario: If the level of 1.4800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY bearish harami pattern looms below 158.00. EUR/JPY,D1 Pivot: 157.22 Analysis: While the price is below 159.50, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 157.22 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: 160.80 Take Profit...
