PaxForex

PaxForex

Here is the key factor to keep in mind today for Euro trades: German Factory Orders: German Factory Orders for July decreased by 2.7% monthly and by 5.6% annualized. Economists predicted a decrease of 1.4% monthly and of 2.4% annualized. Forex traders can compare this to German Factory Orders for June which increased by 2.7% monthly and which decreased by 3.5%...

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 1555.00 • Take Profit Level: 1570.00 (1500 pips) If the...

PaxForex

Here are the key factors to keep in mind today for Euro trades: Spanish Services PMI: The Spanish Markit Services PMI for August is predicted at 53.0. Forex traders can compare this to the Spanish Markit Services PMI for July which was reported at 52.9. Italian Services PMI and Composite PMI: The Italian Markit Services PMI for August is predicted at 51.6. Forex...

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 1.1970 • Take Profit Level:...

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 115.40 • Take Profit Level: 119.00 (360 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 115.40 • Take Profit Level: 119.00 (360 pips) If the...

PaxForex

Here are the key factors to keep in mind today for Euro trades: Spanish Markit Manufacturing PMI: The Spanish Markit Manufacturing PMI for August was reported at 48.8. Economists predicted a figure of 48.5. Forex traders can compare this to the Spanish Markit Manufacturing PMI for July which was reported at 48.2. Italian Markit/ADACI Manufacturing PMI: The...

PaxForex

Here are the key factors to keep in mind today for Australian Dollar trades: Australian AiG Performance of Manufacturing Index: The Australian AiG Performance of Manufacturing Index for August was reported at 53.1. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for July which was reported at 51.3. Australian CBA...

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 222.00 • Take Profit Level: 225.00 (300 pips) If the...

PaxForex

Here are the key factors to keep in mind today for US Dollar trades: US Personal Income and Personal Spending: US Personal Income for July is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.5% monthly. Forex traders can compare this to Personal Income for June which increased by 0.4% monthly and to Personal Spending which...

PaxForex

Here are the key factors to keep in mind today for British Pound trades: UK GfK Consumer Confidence: UK GfK Consumer Confidence for August was reported at -14. Economists predicted a figure of -11. Forex traders can compare this to UK GfK Consumer Confidence for July which was reported at -11. UK Lloyds Business Barometer: The UK Lloyds Business Barometer 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 222.60 • Take Profit Level: 226.60 (400 pips) If the...

PaxForex

Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand ANZ Activity Outlook and ANZ Business Confidence: The New Zealand ANZ Activity Outlook for August was reported at -0.5 and ANZ Business Confidence was reported at -52.3. Forex traders can compare this to the New Zealand ANZ Activity Outlook for July which was reported at 5.0...

PaxForex

Here are the key factors to keep in mind today for Euro trades: French Consumer Spending: French Consumer Spending for July is predicted to increase by 0.3% monthly. Forex traders can compare this to French Consumer Spending for June which decreased by 0.1% monthly. French GDP: The Final French GDP for the second-quarter is predicted to increase by 0.2% quarterly...

PaxForex

Now let’s take a look at my forex portfolio and see what happened over the past week. My 100 lots long position in Silver which I took on July 26th 2019 at 16.400 for a margin requirement of $82,240 with a pip value of $5,000 remains open and unchanged. We pushed above the $18 barrier and I think we could extend those gains, but I will take profits if a price...

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 107.50 • Take Profit Level:...

PaxForex

Here are the key factors to keep in mind today for Euro trades: German Import Price Index: The German Import Price Index for July is predicted to decrease by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the German Import Price Index for June which decreased by 1.4% monthly and by 2.0% annualized. German GfK Consumer Confidence Survey:...

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 17.800 • Take Profit Level: 18.150 (350 pips) If the...