Source: PaxForex Premium Analytics Portal, Technical Insight Nasdaq-listed analytical software provider MicroStrategy bought 21,454 BTCs (~$250 million at the exchange rate at the time of the deal), becoming the first public company to invest part of its capital in bitcoin. Nasdaq 100, 30 min Pivot: 12110.00 Analysis: Provided that the currency pair is traded below 12270.00, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 12110.00 Take Profit 1: 12000.00 Take...
Hello! Today we want to share with you trading results according to our daily signals for August 2020. August turned out to be a very profitable month since the markets marked their main direction. There is certain positivity in the stock market, which pushes companies' shares up. The currency market has also moved out of the consolidation phase, as the dollar is gradually beginning to become cheaper, almost for all currency pairs, which shows the main trend of the currency market. Now we provide a...
Source: PaxForex Premium Analytics Portal, Technical Insight According to Statistics Canada, in the second quarter, the country's economy suffered the sharpest recession in the history of observation due to the COVID-19 pandemic. According to the agency, the real gross domestic product fell 38.7 percent year on year in three months. Economists at Refinitiv expected an even greater 39.6 percent year-over-year decline. USD/CAD, 30 min Pivot: 1.3086 Analysis: Provided that the currency pair is traded below 1.3125,...
Source: PaxForex Premium Analytics Portal, Technical Insight The Federal Reserve on Thursday unveiled a new strategy aimed at restoring full employment in the U.S. and accelerating inflation in a situation where, according to the U.S. central bank, "downside risks for employment and inflation have increased," resulting in the price of gold on Friday rose by more than 1%. GOLD/USD, 30 min Pivot: 1970.60 Analysis: Provided that the price is above 1960.00 please follow these recommendations: Time frame: 30 min...
Source: PaxForex Premium Analytics Portal, Technical Insight According to NHK reports, Japanese Prime Minister Shinzo Abe plans to resign due to health reasons. It is also reported by Kyodo News and Asahi Shimbun. Now the markets are waiting for Abe's press conference, during which he can formally confirm the news of his resignation USD/JPY, 30 min Pivot: 106.22 Analysis: Provided that the currency pair is traded below 106.95 follow the recommendations below: Time frame: 30 min Recommendation: short position Entry...
