Source: PaxForex Premium Analytics Portal, Technical Insight The USDJPY trades at 106.68 and keeps moving in a strong growth and upward channel. USD/JPY is moving above the upper boundary of Ichimoku Kinko Hyo Cloud. It indicates that there is a bullish trend. USD/JPY, 30 min Pivot: 106.70 Analysis: Provided that the currency pair is traded above 106.40 follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 106.70 Take Profit 1: 106.90 Take Profit 2: 107.10 Alternative...
Source: PaxForex Premium Analytics Portal, Technical Insight As Apple approaches its $2 trillion valuations, analysts continue to raise their target stock prices. Wedbush analyst Dan Ives, who is one of the most aggressively inclined to buy shares of the company Apple (AAPL), on Monday repeated his rating best and raised its target price to 515 dollars, from the highest level on Wall Street, from 475 dollars. Apple, H4 Pivot: 451.34 Analysis: Provided that the asset is traded above 443.40, follow the recommendations below...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD growth has stopped, and now the pair has entered the correction phase. The dollar has several catalysts for continuing growth: Deteriorating relations between the US and China; Fiscal support; Europe is losing its advantage against the coronavirus. EUR/USD, 30 min Pivot: 1.1750 Analysis: Provided that the currency pair is traded below 1.1765, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight FT found out about the export of gold from Hong Kong by rich people because of new laws in China. The export of gold from Hong Kong began in 2019 when anti-government actions were held in the city, but after the adoption of the law on national security, the trend increased. During the year, investors have withdrawn about 10% of gold reserves. GOLD/USD, 30 min Pivot: 2027.89 Analysis: Provided that the price is below 2047.00, please follow these recommendations:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD currency pair closed the trading week near 0.6600. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud. It indicates that there is a bullish trend for NZD/USD. This trading week, the pair is expected to grow and test the upper bound of Ichimoku Kinko Hyo near the level of 0.6730. Traders should expect the pair's attempt to rebound and further growth with a target near 0.6815. NZD/USD, 30 min Pivot: 0.6602 Analysis: Provided that...
