Source: PaxForex Premium Analytics Portal, Technical Insight Analysts say that gold prices will grow as long as the U.S. economic recovery is slow. Also, it will continue its rally until the coronavirus is taken under control, and Americans will have to learn to live with the virus at least for the next few months, said the Fed representatives. GOLD/USD, 30 min Pivot: 1951.10 Analysis: Provided that the price is above 1935.00, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CHF currency pair is trading at the level of 0.9097 and keeps moving within the correction and formation of the Triangle pattern. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud. It indicates a bearish trend for the pair Dollar Franc. USD/CHF, 30 min Pivot: 0.9086 Analysis: Provided that the currency pair is traded below 0.9115, follow the recommendations below: Time frame: 30 min Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight Microsoft has set September 10 as the release date of its Surface Duo phone with two screens. The tech giant is returning to the smartphone market with the release of Surface Duo at an initial price of $ 1399. In the U.S., Microsoft allows pre-orders for the Surface Duo phone on Wednesday at its online store and AT&T. Microsoft, H4 Pivot: 209.81 Analysis: Provided that the asset is traded above 207.10, follow the recommendations below: Time frame: H4...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD will decline to 1.30 in the next three months - CitiBank. Citibank analysts write that the recent fall of the Canadian dollar was caused by the news that the U.S. plans to introduce a 10% duty on imports of aluminum from Canada. At the same time, they add that growing tension between the U.S. and China, as well as news concerning the elections, will continue to put pressure on the USD and support the Loonie. USD/CAD, 30 min Pivot: 1.3420 Analysis:...
Source: PaxForex Premium Analytics Portal, Technical Insight British Prime Minister B. Johnson stated that the second wave of coronavirus must be avoided: The schools must be reopened; We want to see economic recovery, but it's a long way from there; We knew the situation was complicated (commentary on the labor market report). GBP/USD, 30 min Pivot: 1.3020 Analysis: Provided that the currency pair is traded below 1.3060, follow the recommendations below: Time frame: 30 min Recommendation: short...
