Source: PaxForex Premium Analytics Portal, Technical Insight ECB’s Rehn said the December cut is likely with disinflation on track. Pivot: 1.7779 Analysis: While the price is above 1.7600, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7779 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....
Source: PaxForex Premium Analytics Portal, Technical Insight On Tuesday, ECB Governing Council Member and Bank of Finland Governor Olli Rehn suggested that Europe should position itself better ahead of Trump’s second term. EUR/CAD,D1 Pivot: 1.4780 Analysis: As long as the price is above 1.4750 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4780 Take Profit 1: 1.5000 Take Profit 2: 1.5100 Alternative scenario: If the level of 1.4750 is broken-down, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY gains traction above 164.00 amid BoJ rate hike uncertainty. EUR/JPY,D1 Pivot: 164.50 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 164.50 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY trades with a positive bias above the 197.00 mark, lacks bullish conviction. Pivot: 197.50 Analysis: As long as the price is above 195.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 197.50 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:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD extends downside to near 0.5950 on the bullish US Dollar. NZD/USD,D1 Pivot: 0.5953 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5953 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 Profit 1: 0....
