Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 171.75 Hedge Level: Stop Buy Order @ 173.00 (Take Profit Level @ 1.7500) Take Profit Zone: 164.75 – 165.25 Stop Loss Level: 173.00 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would...
2014 is around the corner with less than 36 hours away and the PaxForex Technical Analysis Team is pleased to announce that starting on Monday, January 6th 2014 we will provide an analysis for gold and silver as trading opportunities arise. 2014 is set to be a very exciting time right here at PaxForex for all our traders and we will make some changes which are aimed and creating an even better service for all our clients. Don’t miss out on all our trading ideas and we welcome you to subscribe to out PaxForex Trading...
First at all, PaxForex's team wishes a great new year for traders and readers! Thank you for continue trusting on our services and we are looking to provide the best trading environment conditions in next year to support our business. Traders are noticing a nice bullish trend for currencies like AUD/USD and NZD/USD. Particularly, the New Zealand's economy is showing better improvements and the kiwi can continue to bright even more higher if the developments remains for 2014. Pay attention for:1. NZ GDP; 2. RBNZ interests...
We closed the third week of January with 95 pips in net profits. A total of two trades were closed this past week, both for profits. We closed our GBPUSD for 75 pips in profits as our stop loss order was triggered and our silver position was closed for a profit of 20 pips as our stop loss order was triggered as well. We had the following four trading recommendations this week: Monday, January 20th – AUDUSD Pending Reversal Rally; Long @ 0.8775 Tuesday, January 21st – EURUSD Trades at Support; Currency pair rallied...
Timeframe: W1 Recommendation: Long Position Entry Level: Long Position @ 19.80 Hedge Level: Sell Stop Order @ 19.00 (Take Profit Level @ 18.25) Take Profit Zone: 27.30 – 29.80 Stop Loss Level: 19.00 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would like to place the order. Silver has corrected as visible in this weekly chart (W1...
