Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. dollar rallied during early European trading on Tuesday, but remains near multi-week lows ahead of the Federal Reserve's two-day monetary policy meeting. USD/CHF, 30 min Pivot: 0.9151 Analysis: Provided that the currency pair is traded above 0.9130, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.9151 Take Profit 1: 0.9175 Take Profit 2: 0.9190 Alternative scenario: In case of breakdown...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Monday's trading multidirectional due to the strengthening of commodities, technology and oil and gas sectors. The market is demonstrating on the back of the negative dynamics in the telecommunication, utilities and consumer goods sectors. The NASDAQ Composite Index rose 0.87%. Nasdaq 100, H4 Pivot: 14035.00 Analysis: Provided that the index is traded above 13920.00, follow the recommendations below: Time frame: H4...
Source: PaxForex Premium Analytics Portal, Technical Insight The Dallas Fed released its Texas Manufacturing Outlook Survey for April.: 37.3 versus the expected 30; Previous reading 28.9; Manufacturing 34.0 vs. previous 48.0; Price and Wage Pressure vs. previous reading 66.0. USD/JPY, 30 min Pivot: 108.27 Analysis: Provided that the currency pair is traded above 108.00, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 108.27 Take Profit 1: 108.55 Take Profit 2: 108...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. stock market closed Friday's trading with growth due to the strengthening of commodities, technology, and financial sectors. At the close of trading on the New York Stock Exchange Dow Jones rose by 0.67%. Goldman Sachs Group Inc. was the biggest gainer among Dow Jones index components, up 8.48p (2.56%) to close at 339.33. Dow Jones 30, H4 Pivot: 34091.00 Analysis: Provided that the index is traded above 33683.19, follow the recommendations...
Source: PaxForex Premium Analytics Portal, Technical Insight The authorities of Great Britain and Australia have agreed on free trade. Lifting restrictions should make the economy of the two countries healthier, said the British Minister for International Trade. She also emphasized that supporting measures are especially important in the conditions of the pandemic. The agreement is expected to be signed in June 2021. AUD/USD, 30 min Pivot: 0.7775 Analysis: Provided that the currency pair is traded above 0.7740, follow the...
