Source: PaxForex Premium Analytics Portal, Technical Insight Head of the Bank of Japan Kuroda said that the Central Bank will continue to support the economy in tandem with the government: COVID-19 will not stop globalization; Protectionism after the COVID-19 pandemic carries great risks for all economies; Supply chains will only become more diversified and more resilient after COVID-19; Regional financial cooperation will be very important in the coming years, it will be good protection against a future crisis...
Source: PaxForex Premium Analytics Portal, Technical Insight Gold lost nearly 1 percent on Thursday after the U.S. Federal Reserve announced that it had failed to meet investors' expectations for further inflation stimulus and support for the coronavirus-affected economy. GOLD/USD, 30 min Pivot: 1952.12 Analysis: Provided that the price is above 1941.00 please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1952.12 Take Profit 1: 1964.00 Take Profit 2: 1974.00 ...
Source: PaxForex Premium Analytics Portal, Technical Insight In June, New Zealand Gross Domestic Product declined 12.2%, the largest quarterly decline since 1987. NZD/USD, 30 min Pivot: 0.6786 Analysis: Provided that the currency pair is traded above 0.6749 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 0.6786 Take Profit 1: 0.6823 Take Profit 2: 0.6841 Alternative scenario: In case of breakdown of the level 0.6749 follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight Today we would like to share with you an interim performance report of our signals for the first half of September 2020. The first half of September was definitely good for the currency market, wide ranges for trading, and pronounced trends allow getting good profits. There is a defined uncertainty in the stock market, which is expressed in a narrow trading range, but this does not prevent you from making decent profits. Now we provide a detailed report on...
Source: PaxForex Premium Analytics Portal, Technical Insight U.S. stock indices changed in different directions at the end of Wednesday's Federal Reserve meeting. The Dow Jones Industrial Average Index rose 36.78 points (0.13%) to 28032.38 points. Dow Jones Index, H4 Pivot: 28060.00 Analysis: Provided that the index is traded below 28360.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 28060.00 Take Profit 1: 27840.00 Take Profit 2: 27450.00 Alternative scenario:...
