Source: PaxForex Premium Analytics Portal, Technical Insight Reduced bets for a December BoE rate cut lend support to the pair amid a softer USD. GBP/CHF,D1 Pivot: 1.1206 Analysis: While the price is below 1.1100, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1206 Take Profit 1: 1.1300 Take Profit 2: 1.1400 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 Traders brace for Canada’s third-quarter GDP growth, which is expected to grow 1.0% annually in Q3, compared to the previous reading of 2.1%. NZD/CAD,D1 Pivot: 0.8288 Analysis: As long as the price is above 0.8200 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8288 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8200 is broken-out, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight Trump’s tariff plans on Canadian imports could weigh on the Canadian Dollar. Pivot: 1.7753 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7753 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...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Centeno warned about the risk of price pressures remaining below the bank’s target. EUR/CAD,D1 Pivot: 1.4792 Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4792 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...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY extends its losses for the second consecutive day, trading around 159.60 during the Asian hours on Wednesday. EUR/JPY,D1 Pivot: 159.56 Analysis: While the price is below 162.00, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 159.56 Take Profit 1: 158.00 Take Profit 2: 155.00 Alternative scenario: If the level 162.00 is broken-out, follow the recommendations below: Time frame: D1 Recommendation:...
