Daily Signals, Fundamental Analysis and Recommendations from PaxForex

[PaxForex]

Analysis on American Express 28.10.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 68.00
• Take Profit Level: 70.00 (200 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 66.00
• Take Profit Level: 65.00 (100 pips)



GOLD
Possible short position in the breakdown of the level 1264

USDJPY
Possible long position at the breakout of the level 105.40

USDCHF
Possible long position at the breakout of the level 0.9970

GBPUSD
Possible short position in the breakdown of the level 1.2070

 

[PaxForex]

Analysis on GBPUSD 31.10.2016

The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.2080
• Take Profit Level: 1.1900 (180 pips)


If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2220
• Take Profit Level: 1.2320 (100 pips)


GOLD
Possible short position in the breakdown of the level 1270

EURUSD
Possible long position at the breakout of the level 1.0990

USDCHF
Possible short position in the breakdown of the level 0.9850

USDJPY
Possible long position at the breakout of the level 105.50

 

[PaxForex]

Analysis on Chevron 1.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 105.50
• Take Profit Level: 107.50 (200 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 103.00
• Take Profit Level: 102.40 (60 pips)



GOLD
Possible long position at the breakout of the level 1284

USDJPY
Possible long position at the breakout of the level 105.50

USDCHF
Possible short position in the breakdown of the level 0.9850

GBPUSD
Possible short position in the breakdown of the level 1.2080

 

[PaxForex]

Analysis on NZDCAD 2.11.2016

The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9780
• Take Profit Level: 1.0000 (220 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9700
• Take Profit Level: 0.9640 (60 pips)



GOLD
Possible long position at the breakout of the level 1300

EURUSD
Possible long position at the breakout of the level 1.1100

USDJPY
Possible short position at the breakdown level 103.00

GBPUSD
Possible long position at the breakout of the level 1.2360

 

[PaxForex]

Analysis on AT & T 3.11.2016

The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position: 36.20
• Take Profit Level: 35.30 (90 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 37.20
• Take Profit Level: 38.00 (80 pips)

GOLD
Possible long position at the breakdown level 1308

GBPUSD
Possible long position at the breakdown level 1.2450

USDJPY
Possible short position at the breakdown level 102.50

USDCHF
Possible short position at the breakdown level 0.9690

 

[PaxForex]

GBPUSD Fundamental Analysis – November 3rd 2016

Here are the key factors to keep in mind today for British Pound trades:

• British Markit/CIPS Services PMI and Markit/CIPS Composite PMI: The British Markit/CIPS Services PMI for October was reported at 54.5. Economists predicted a figure of 52.5. Forex traders can compare this to the British Markit/CIPS Services PMI for September which was reported at 52.6. The British Markit/CIPS Composite PMI for October was reported at 54.8. Economists predicted a figure of 53.5. Forex traders can compare this to the British Markit/CIPS Composite PMI for September which was reported at 53.9.
• BOE Interest Rate Decision: The BOE Interest Rate Decision is predicted to keep interest rates at 0.25%. Forex traders can compare this to the previous BOE Interest Rate Decision where interest rates were kept at 0.25%. The Asset Purchase Target is predicted at £435B and the Corporate Bond Target at £10B. Forex traders can compare this to the previous Asset Purchase Target which was reported at £435B and to the Corporate Bond Target which was reported at £10B.

Here are the key factors to keep in mind today for US Dollar trades:

• US Non-Farm Productivity and Unit Labor Costs: Preliminary US Non-Farm Productivity for the third-quarter is predicted to increase by 2.0% quarterly and Unit Labor Costs by 1.3% quarterly. Forex traders can compare this to US Non-Farm Productivity for the second-quarter which decreased by 0.6% quarterly and to Unit Labor Costs which increased by 4.3% quarterly.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 29th are predicted at 255K and US Continuing Claims for the week of October 22nd are predicted at 2045,K. Forex traders can compare this to US Initial Jobless Claims for the week of October 22nd which were reported at 258K and US Continuing Claims for the week of October 15th which were reported at 2,039K.
• US ISM Non-Manufacturing PMI: US ISM Non-Manufacturing PMI for October is predicted at 56.0. Forex traders can compare this to the US ISM Non-Manufacturing PMI for September which was reported at 57.1.
• US Factory Orders: US Factory Orders for September are predicted to decrease by 0.2% monthly. Forex traders can compare this to US Factory Orders for August which increased by 0.2% monthly.

Should price action for the GBPUSD remain inside the or breakout above the 1.2400 to 1.2450 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.2425
• Take Profit Zone: 1.3350 – 1.3400
• Stop Loss Level: 1.2100

Should price action for the GBPUSD breakdown below 1.2400 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.2375
• Take Profit Zone: 1.2000 – 1.2050
• Stop Loss Level: 1.2450

 

[PaxForex]

Analysis on EURCAD 4.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.7305
• Take Profit Level: 0.7385 (80 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.7270
• Take Profit Level: 0.7200 (70 pips)



GOLD
Possible long position at the breakout of the level 1065

EURUSD
Possible long position at the breakout of the level 1.0890

USDCHF
Possible short position in the breakdown of the level 0.9850

GBPUSD
Possible long position at the breakout of the level 1.4780

 

[PaxForex]

EURCHF Fundamental Analysis – November 7th 2016

Here are the key factors to keep in mind today for Euro trades:

• German Markit Construction PMI: The German Markit Construction PMI for October was reported at 52.9. Forex traders can compare this to the German Markit Construction PMI for September which was reported at 52.4.
• Eurozone Retail PMI: The Eurozone Retail PMI for October was reported at 48.6. Forex traders can compare this to the Eurozone Retail PMI for September which was reported at 49.6. The German Retail PMI for October was reported at 51.0. Forex traders can compare this to the German Retail PMI for September which was reported at 53.0. The French Retail PMI for October was reported at 47.5. Forex traders can compare this to the French Retail PMI for September which was reported at 49.1. The Italian Retail PMI for October was reported at 46.5. Forex traders can compare this to the Italian Retail PMI for September which was reported at 45.0.
• Eurozone Sentix Investor Confidence: The Eurozone Sentix Investor Confidence for November was reported at 13.1. Forex traders can compare this to the October Eurozone Sentix Investor Confidence which was reported at 8.5.
• Eurozone Retail Sales: Eurozone Retail Sales for September decreased by 0.2% monthly and increased by 1.1% annualized. Forex traders can compare this to Eurozone Retail Sales for August which decreased by 0.2% monthly and which increase by 1.2% annualized.

Here are the key factors to keep in mind today for Swiss Franc trades:

• Swiss Foreign Currency Reserves: Swiss Foreign Currency Reserves for October were reported at CHF630.0B. Forex traders can compare this to Swiss Foreign Currency Reserves for September which were reported at CHF628.0B.
• Swiss CPI: The Swiss CPI for October increased by 0.1% monthly and decreased by 0.2% annualized. Forex traders can compare this to the Swiss CPI for September which increased by 0.1% monthly and decreased by 0.2% annualized. The Swiss EU Harmonized CPI for October increased by 0.1% monthly and decreased by 0.3% annualized. Forex traders can compare this to the Swiss EU Harmonized CPI for September which was flat at 0.0% monthly and which decreased by 0.3% annualized.

Should price action for the EURCHF remain inside the or breakout above the 1.0800 to 1.0820 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.0810
• Take Profit Zone: 1.0980 – 1.1000
• Stop Loss Level: 1.0730

Should price action for the EURCHF breakdown below 1.0800 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.0780
• Take Profit Zone: 1.0650 – 1.0730
• Stop Loss Level: 1.0800

 

[PaxForex]

Analysis on GBPJPY 7.11.2016

The price above MA 200 and 20 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 130.30
• Take Profit Level: 132.00 (170 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 129.00
• Take Profit Level: 128.10 (90 pips)



GOLD
Possible short position in the breakdown of the level 1283

EURUSD
Possible short position in the breakdown of the level 1.1040

USDCHF
Possible short position in the breakdown of the level 0.9720

GBPUSD
Possible long position at the breakout of the level 1.2560

 

[PaxForex]

Analysis on Disney 8.11.2016

The price above 20 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 94.50
• Take Profit Level: 95.70 (120 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position: 93.40
• Take Profit Level: 92.60 (80 pips)



GOLD
Possible long position at the breakout of the level 1277

EURUSD
Possible long position at the breakout of the level 1.1080

USDCHF
Possible short position in the breakdown of the level 0.9730

GBPUSD
Possible long position at the breakout of the level 1.2450

 

[PaxForex]

Analysis on GOLD 9.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1338
• Take Profit Level: 1353 (1500 pips)


If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1290
• Take Profit Level: 1280 (1000 pips)



EURUSD
Possible short position in the breakdown of the level 1.1000

USDJPY
Possible short position in the breakdown of the level 101.10

USDCHF
Possible long position at the breakout of the level 0.9840

GBPUSD
Possible short position in the breakdown of the level 1.2350

 

[PaxForex]

EURGBP Fundamental Analysis – November 11th 2016

Here is the key factor to keep in mind today for Euro trades:

• German CPI: The Final German CPI for October increased by 0.2% monthly and by 0.7% annualized. Economists predicted an increase of 0.2% monthly and of 0.7% annualized. Forex traders can compare this to the previous German CPI for October which increased by 0.2% monthly and by 0.7% annualized.

Here is the key factor to keep in mind today for British Pound trades:

• UK Construction Output: UK Construction Output seasonally adjusted for September increased by 0.3% monthly and by 0.2% annualized. Economists predicted a flat reading of 0.0% monthly and a decrease of 0.4% annualized. Forex traders can compare this to UK Construction Output seasonally adjusted for August which decreased by 1.1% monthly and which increased by 0.8% annualized.

Should price action for the EURGBP remain inside the or breakdown below the 0.8590 to 0.8620 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.8615
• Take Profit Zone: 0.8100 – 0.8150
• Stop Loss Level: 0.8700

Should price action for the EURGBP breakout above 0.8620 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.8640
• Take Profit Zone: 0.9000 – 0.900
• Stop Loss Level: 0.8590

 

[PaxForex]

AUDJPJ Fundamental Analysis – November 14th 2016

Here is the key factor to keep in mind today for Australian Dollar trades:

• Australian Credit Card Purchases and Australian Credit Card Balances:Australian Credit Card Purchases for September were reported at A$25.3B and Australian Credit Card Balances at A$51.4B. Forex traders can compare this to Australian Credit Card Purchases for August which were reported at A$26.8B and to Australian Credit Card Balances which were reported at A$51.3B.

Here are the key factors to keep in mind today for Japanese Yen trades:

• Japanese GDP: The Preliminary Japanese GDP for the third-quarter increased by 0.5% quarterly and by 2.2% annualized. Economists predicted an increase of 0.2% quarterly and of 0.8% annualized. Forex traders can compare this to the Japanese GDP for the second-quarter which increased by 0.2% quarterly and by 0.7% annualized. The Preliminary Nominal GDP for the third-quarter increased by 0.2% quarterly. Economists predicted a decrease of 0.1% quarterly. Forex traders can compare this to the Nominal GDP for the second-quarter which increased by 0.3% quarterly. The Preliminary GDP Deflator for the third-quarter decreased by 0.1% annualized. Economists predicted an increase of 0.3% annualized. Forex traders can compare this to the Preliminary GDP Deflator for the second-quarter which increased by 0.7% annualized. Preliminary Private Consumption for the third-quarter increased by 0.1% quarterly and Preliminary Business Spending was reported flat at 0.0% quarterly. Economists predicted a flat reading of 0.0% quarterly and an increase of 0.2% quarterly. Forex traders can compare this to Private Consumption for the second-quarter which increased by 0.2% quarterly and to Business Spending for the second-quarter which decreased by 0.1% quarterly.
• Japanese Industrial Production and Capacity Utilization: Final Japanese Industrial Production for September increased by 0.6% monthly and by 1.5% annualized. Forex traders can compare this to the previous Japanese Industrial Production for September which was reported flat at 0.0% monthly and which increased by 0.9% annualized. Final Capacity Utilization for September decreased by 2.0% monthly. Forex traders can compare this to previous Capacity Utilization for September which increased by 2.6% monthly.

Should price action for the AUDJPY remain inside the or breakdown below the 81.250 to 81.750 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 81.500
• Take Profit Zone: 75.500 – 76.000
• Stop Loss Level: 82.7500

Should price action for the AUDJPY breakout above 81.750 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 82.000
• Take Profit Zone: 83.500 – 84.000
• Stop Loss Level: 81.250

 

[PaxForex]

Analysis on USDTRY 14.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 3.3000
• Take Profit Level: 3.3450 (450 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.2300
• Take Profit Level: 3.2200 (100 pips)



GOLD
Possible short position in the breakdown of the level 1212

EURUSD
Possible short position in the breakdown of the level 1.0720

USDCHF
Possible long position at the breakout of the level 0.9980

GBPUSD
Possible short position in the breakdown of the level 1.2450

 

[PaxForex]

Analysis on EURGBP 16.11.2016

The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.8560
• Take Profit Level: 0.8400 (160 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.8650
• Take Profit Level: 0.8730 (80 pips)


GOLD
Possible short position in the breakdown of the level 1210

EURUSD
Possible short position in the breakdown of the level 1.0700

USDCHF
Possible long position at the breakout of the level 1.0030

USDJPY
Possible long position at the breakout of the level 109.70

 

[PaxForex]

Analysis on Bank of America 17.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 20.20
• Take Profit Level: 21.40 (120 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 19.00
• Take Profit Level: 18.20 (80 pips)



GOLD
Possible short position in the breakdown of the level 1211

USDJPY
Possible long position at the breakout of the level 109.80

USDCHF
Possible long position at the breakout of the level 1.0060

GBPUSD
Possible long position at the breakout of the level 1.2500

 

[PaxForex]

Analysis on Alcoa 18.11.2016

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 32.15
• Take Profit Level: 35.50 (335 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 27.60
• Take Profit Level: 26.80 (80 pips)



GOLD
Possible short position in the breakdown of the level 1202

USDJPY
Possible long position at the breakout of the level 111.00

USDCHF
Possible long position at the breakout of the level 1.0110

GBPUSD
Possible short position in the breakdown of the level 1.2350

 

[PaxForex]

Analysis on Cisco 21.11.2016

The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 29.55
• Take Profit Level: 28.65 (90 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 30.40
• Take Profit Level: 31.20 (80 pips)


GOLD
Possible short position in the breakdown of the level 1202

EURUSD
Possible short position in the breakdown of the level 1.0560

USDCHF
Possible long position at the breakout of the level 1.0120

USDJPY
Possible long position at the breakout of the level 111.20

 

[PaxForex]

Analysis on AUDCAD 22.11.2016

The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9860
• Take Profit Level: 0.9760 (100 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9950
• Take Profit Level: 1.0020 (70 pips)

GOLD
Possible short position in the breakdown of the level 1202

GBPUSD
Possible long position at the breakout of the level 1.2520

USDJPY
Possible long position at the breakout of the level 111.40

EURUSD
Possible short position in the breakdown of the level 1.0560

 

[PaxForex]

Analysis on EURTRY 23.11.2016

The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 3.6100
• Take Profit Level: 3.6600 (500 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.5700
• Take Profit Level: 3.5620 (80 pips)



GOLD
Possible short position at the breakdown level 1202

USDJPY
Possible long position at the breakout of the level 111.40

EURUSD
Possible short position at the breakdown level 1.0560

GBPUSD
Possible short position at the breakdown level 1.2370