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 1.9620 • Take Profit Level: 1.9750 (130 pips) If the...

PaxForex

Here are the key factors to keep in mind today for Euro trades: German Wholesale Price Index: The German Wholesale Price Index for August decreased by 0.8% monthly and by 1.1% annualized. Forex traders can compare this to the German Wholesale Price Index for July which decreased by 0.3% monthly and by 0.1% annualized. Final Spanish CPI: The Final Spanish CPI for...

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 53.50 • Take Profit Level: 55.00 (150 pips) If the price...

PaxForex

The price above 200 MA, indicating a growing trend. The MACD histogram is below 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 18.300 • Take Profit Level: 18.800 (500 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 117.10 • Take Profit Level: 119.00 (190 pips) If the...

PaxForex

Here are the key factors to keep in mind today for Gold trades: New Zealand Migration: Permanent/Long-Term Migration for July was reported at 5,100. Forex traders can compare this to Permanent/Long-Term Migration for June which was reported at 3,990. Visitor Arrivals for July increased by 1.3% monthly and External Migration & Visitors increased by 2.0% monthly....

PaxForex

Gold offers forex traders an excellent hedge as the global economy is inching closer to a recession, the raging trade war between the US and China, the trade spat between Japan and North Korea, central banks poised to ease monetary policy further and Brexit uncertainty. Price action has taken a breather over the past few sessions and may slide further which is...

PaxForex

Following a price spike into its horizontal resistance area, the EURGBP quickly reversed direction and the past five trading sessions saw a surge in bearish momentum. This was accelerated after the latest UK economic data smoothed fears for a UK recession. This currency pair is now expected to complete a breakdown below its horizontal support level and extend its...

PaxForex

The UK economy has accelerated at the end of the second-quarter with the service sector clocking in at its fastest growth rate of 2019. Against a backdrop of a South African economy which is facing a deepening economic crisis, the GBPZAR is expected to resume its rally. Price action retreated from the lower band of its horizontal resistance area, enforced by its...

PaxForex

The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 10000.00 • Take Profit Level:...

PaxForex

Here are the key factors to keep in mind today for British Pound trades: UK Jobless Claims Change and Claimant Count Rate: The UK Jobless Claims Change for August is predicted at 29.3K and the Claimant Count Rate is predicted at 3.2%. Forex traders can compare this to the UK Jobless Claims Change for July which was reported at 28.0K and to the Claimant Count Rate...

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 51.20 • Take Profit Level: 53.00 (180 pips) If the price...

PaxForex

Here are the key factors to keep in mind today for British Pound trades: UK GDP: The UK GDP for July is predicted to increase by 0.1% monthly and to decrease by 0.1% for the three-month-over-three-month period ending in July. Forex traders can compare this to the UK GDP for June which was reported flat at 0.0% monthly and which decreased by 0.2% for the...

PaxForex

Here are the key factors to keep in mind today for Australian Dollar trades: Chinese Trade Balance: The Chinese Trade Balance for August was reported at $34.84B. Economists predicted a figure of $42.80B. Forex traders can compare this to the Chinese Trade Balance for July which was reported at $44.58B. Exports for August decreased by 1.0% annualized and Imports...

PaxForex

Here is the key factor to keep in mind today for US Dollar trades: US NFP Report: The US NFP Report for August is predicted to show 160K job additions and an unemployment rate of 3.7%. Forex traders can compare this to the US NFP Report for July which showed 164K job additions and an unemployment rate of 3.7%. Private Payrolls for August are predicted to show...

PaxForex

Here are the key factors to keep in mind today for Euro trades: German Industrial Production: German Industrial Production for July is predicted to increase by 0.3% monthly and to decrease by 1.1% annualized. Forex traders can compare this to German Industrial Production for June which decreased by 1.5% monthly and by 5.2% annualized. Italian Retail Sales:...

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 1.7085 • Take Profit Level: 1.7200 (115 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: 100.00 • Take Profit Level: 101.00 (100 pips) If the...