Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CHF currency pair is trading at 0.9374 and continues to move within the decline and descending channel. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates a bearish trend for the pair. USD/CHF, 30 min Pivot: 0.9365 Analysis: Provided that the currency pair is traded below 0.9385, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 0.9365 Take Profit 1: 0....
Source: PaxForex Premium Analytics Portal, Technical Insight Microsoft has announced that it will permanently close its 83 Microsoft Store. The company has decided to focus on online sales. The company's press office said so. For about ten years, Microsoft has expanded its presence in retail, trying to compete with Apple: the company wanted people to try and test new Microsoft software and hardware. The company even built a store on 5th Avenue in New York City, a few blocks from Apple's famous glass cube. The Microsoft...
Source: PaxForex Premium Analytics Portal, Technical Insight Chief Economist of the New Zealand Institute of Economic Research (NZIER) said in an interview with Bloomberg that he does not expect the decline of the national economy to be very strong. Based on the activity indicators, the economy may slump by about 2% in the 2nd quarter. NZD/USD, 30 min Pivot: 0.6541 Analysis: Provided that the currency pair is traded below 0.6567 follow the recommendations below: Time frame: 30 min Recommendation: short position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight As British Prime Minister B. Johnson stated, he would like restrictive quarantine measures to be removed from the still closed sectors as soon as possible. He promised that the authorities would present a similar schedule for lifting the restrictions this week, but warned that if the virus breaks out of control, he would not hesitate to introduce such measures again. GBP/USD, 30 min Pivot: 1.2499 Analysis: Provided that the currency pair is traded below 1.2520,...
Source: PaxForex Premium Analytics Portal, Technical Insight Australia, due to the spread of coronavirus for the first time in 100 years closed the border between the states of New South Wales and Victoria, reported July 6 The Guardian. Over the past 24 hours, 127 new cases of coronavirus infection have been identified in Melbourne, the highest number since the pandemic began. The last state border posts were exhibited in 1919, during the Spanish pandemic. AUD/USD, 30 min Pivot: 0.6971 Analysis: Provided that the currency...
