Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for July 2021. July was a great month for investing in both foreign exchange and stock markets. The continuing soft policy of the Fed is pushing the stock market to new highs, but also theories about increasing interest rates as soon as the unemployment rate in the USA reaches 3-4%, which accordingly affects the strengthening of the American currency. Now we provide a detailed report...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/USD dived under 1.3900, but held in the green zone. GBP/USD,D1 Pivot: 1.3901 Analysis: While the price is below 1.3960, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3901 Take Profit 1: 1.3735 Take Profit 2: 1.3570 Alternative scenario: If the level 1.3960 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3960 Take Profit 1: 1.4090 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight On the last trading day of the month the pair made new highs in July and then pulled back under 1.1900. EUR/USD,D1 Pivot: 1.1870 Analysis: While the price is below 1.1980, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1870 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1980 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
Source: PaxForex Premium Analytics Portal, Technical Insight Former RBNZ deputy head Spencer: Central Bank may raise OCR rate to 2% by Q3 2022. NZD/USD,D1 Pivot: 0.6953 Analysis: While the price is above 0.6791, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6953 Take Profit 1: 0.7240 Take Profit 2: 0.7357 Alternative scenario: If the level 0.6791 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD is hovering near two-week lows, just above 1.2450 USD/CAD,D1 Pivot: 1.2558 Analysis: Provided that the currency pair is traded above 1.2380, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2558 Take Profit 1: 1.2750 Take Profit 2: 1.2880 Alternative scenario: In case of breakdown of the level 1.2380, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1...
