PaxForex

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 6.6000 • Take Profit Level: 6.6500 (500 pips) If the...

PaxForex

Forex traders are eagerly awaiting UK employment data, where average weekly earnings are predicted to keep inflationary pressures elevated and the Bank of England sidelined. A solid headline growth figure of 110K is expected. Volatility in the British Pound increased together with selling pressure following commentary regarding the trading relationship between the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1563.00 • Take Profit Level: 1578.00 (1500 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 166.10 • Take Profit Level: 167.30 (120 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.3530 • Take Profit Level: 1.3700 (170 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.3015 • Take Profit Level: 1.3100 (85 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7710 • Take Profit Level: 1.7850 (140 pips) If the...

PaxForex

Forex traders started December with a heavy dose of Eurozone manufacturing data that surprised to the upside but remained in the contractionary territory except for France. The testimony of new ECB President Lagarde in front of the European Parliament will also be followed and the EURUSD is expected to face an increase in volatility as the trading day progresses....

PaxForex

UK GfK Consumer Confidence remained unchanged at -14, but the Lloyds Business Barometer rose. Forex traders will now await housing and consumer credit data due to be released during the European morning trading session. The GBPJPY has rallied strongly as the UK election is approaching. Will bulls force a breakout and continue to advance or will bears pressure for...

PaxForex

German retail sales for October disappointed with a strong contraction and French consumer spending came in lower than expected with a sharp downward revision to the previous month. Employment figures out of Germany and Italy, as well as CPI data out of the Eurozone, are expected next. The EURCAD maintained its bullish trend, but how will it be impacted by more...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 267.40 • Take Profit Level: 269.00 (160 pips) If the...

PaxForex

Australian Private Capital Expenditure posted a bigger-than-expected quarterly contraction. Australian Plant & Machinery Capital Expenditure posted a significant drop and erased the previous quarter’s increase. Despite the disappointing economic data set, the Australian Dollar remained well supported and the AUDCHF inside its resistance zone. Will bulls be able to...

PaxForex

The New Zealand Trade Balance showed a bigger deficit than economists expected as imports came in higher and exports rose. The New Zealand Dollar continued to push higher and the NZD/USD into its resistance level. Ongoing global economic worries, intensified by this morning’s Chinese industrial profits data, remain a top concern and forex traders will get a heavy...

PaxForex

On Tuesday, the news thundered, which surprised everyone, who has at least something to do with Wall Street. Dollar Tree stocks are falling. At the moment, shares have fallen by 13%, which is an unprecedented loss for the company. Forecasts for the near future are the most disappointing. Nevertheless, the level of the falling is kept at the indicated level,...

PaxForex

German consumer confidence increased slightly but doesn’t lead to great confidence as consumers gear up for a holiday shopping spree. The Italian non-EU trade balance came in well above the previous month’s surplus and shows that while Italy may struggle inside the Eurozone, it performs well outside of it. The EURUSD remained well supported after the release of...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.1100 • Take Profit Level: 1.1170 (70 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 131.10 • Take Profit Level: 132.50 (140 pips) If the...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.2900 • Take Profit Level: 1.3030 (130 pips) If the...