Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130. EUR/USD, D1 Pivot: 1.2181 Analysis: While the price is above 1.1980, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2181 Take Profit 1: 1.2350 Take Profit 2: 1.2450 Alternative scenario: If the level 1.1980 is broken-down, follow the recommendations below: Time frame: D1...
Source: PaxForex Premium Analytics Portal, Technical Insight In yesterday's trading the American dollar gained 20 pips against NZD. NZD/USD, D1 Pivot: 0.7270 Analysis: While the price is above 0.7087, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7270 Take Profit 1: 0.7547 Take Profit 2: 0.7677 Alternative scenario: If the level 0.7087 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.7087 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. dollar continued rising on Wednesday, recovering from a five-month low against major currencies on expectations of Fed policy normalization after strong business data. USD/CAD, D1 Pivot: 1.2080 Analysis: Provided that the currency pair is traded below 1.2360, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.2080 Take Profit 1: 1.1980 Take Profit 2: 1.1830 Alternative scenario: In case of...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you a performance report of our signals for May 2021. May was an excellent month for trading and investing in the currency and stock markets. Most of the assets on the currency market are in the phase of wide accumulation - consolidation, which gives an opportunity for active and, most importantly, profitable trading from clear and pronounced flat boundaries. But trend assets also show their result. As for the stock sector - at...
Source: PaxForex Premium Analytics Portal, Technical Insight The deputy governor of the Bank of England, D. Ramsden said the central bank is keeping a close eye on the property market boom as it could add to price pressures, threatening a post-pandemic economic recovery. GBP/USD, D1 Pivot: 1.2197 Analysis: While the price is above 1.3970, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4187 Take Profit 1: 1.4380 Take Profit 2: 1.4500 Alternative scenario: If the level 1...
