Source: PaxForex Premium Analytics portal, Technical Insight Switzerland is gradually coming out of quarantine; more than two-thirds of the restaurants, bars, pubs, and other catering establishments have reopened since 11 May, so it is possible to sum up the first results, which are not very comforting yet. Many of these catering establishments are now struggling to survive under partial quarantine restrictions that are still in place. Approximately nine out of ten restaurants that have reopened are expecting to experience losses...
Source: PaxForex Premium Analytics portal, Technical Insight This week Disney announced that it plans to start opening its four theme parks in phases starting July 11. When Walt Disney World restarts, guests can expect many changes in park visits, from the need to wear facial masks and undergo temperature screening to refusing meetings and parades. Disney, H4 Pivot: 118.35 Analysis: Provided that the asset is traded above 113.15, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point...
Source: PaxForex Premium Analytics portal, Technical Insight Gold trades at 1739 and continues to move within the growth framework. GOLD/USD quotes are moving above the upper boundary of Ichimoku Kinko Hyo Cloud. This indicates a bullish trend. GOLD/USD, 30 min Pivot: 1736.60 Analysis: Provided that the price is above 1732.00, please follow these recommendations: Time frame: 30 min Recommendation: long position Entry point: 1736.60 Take Profit 1: 1744.00 Take Profit 2: 1750.00 Alternative scenario: In case of...
According to the comments of the rating agency experts, Moody's Investors Service: Coronavirus is the biggest shock for Japan since the world financial crisis; In 2020, Japan's GDP may decline by 6.5%; In 2021, a 2.7% recovery is projected. USD/JPY, 30 min Pivot: 107.65 Analysis: Provided that the currency pair is traded above 107.50, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 107.65 Take Profit 1: 107.90 Take Profit 2: 108.10 Alternative...
Hello! Today we want to share with you trading results according to our daily signals for May 2020. In May, the profit from the stock market was more significant than from the currency one, as the stock market continues to adjust, going in one direction and there are no sharp changes in the trend. The currency market was quite profitable as well, but because most assets are in the process of consolidation, a narrow range of quotations did not allow to overtake the stock market in profitability. Now we provide a detailed...
