Source: PaxForex Premium Analytics Portal, Technical Insight The UK GfK Consumer Confidence Index increased by 3 points to -18, representing its first improvement in three months. GBP/CHF,D1 Pivot: 1.1143 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1143 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight The markets reduced the odds of a 50 bps rate cut at the BoC’s December 11 policy meeting. NZD/CAD,D1 Pivot: 0.8147 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8147 Take Profit 1: 0.8100 Take Profit 2: 0.8000 Alternative scenario: If the level of 0.8200 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Despite an upbeat UK CPI inflation print, the GBP knocked lower. Pivot: 1.7767 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7767 Take Profit 1: 1.7900 Take Profit 2: 1.8100 Alternative scenario: If level 1.7600 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7600 Take profit 1: 1.7400 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Villeroy: The balance of risks on growth and inflation is shifting to the downside. EUR/CAD,D1 Pivot: 1.4727 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4727 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation:...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY declined by 0.47% to 163.10 in Tuesday's session. EUR/JPY,D1 Pivot: 164.36 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.36 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: 160.00 Take profit 1: 158.00...
