PaxForex: Daily Recommendations on Major

[PaxForex]

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Analysis of GOOGLE 29.07.2019

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

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1268.00
• Take Profit Level: 1288.00 (2000 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1240.00
• Take Profit Level: 1235.00 (500 pips)



USDJPY
A possible long position at the breakout of the level 108.80

GOLD
A possible long position at the breakout of the level 1425.00

USDCHF
A possible short position in the breakdown of the level 0.9910

EURUSD
A possible short position in the breakdown of the level 1.1110

https://paxforex.com/forex-analysis/GOOGLE-29-07-2019

 

[PaxForex]

USDJPY Fundamental Analysis – January 14th 2020

Inflationary pressures in the US are expected to have risen further in December, as measured by the CPI. Forex traders will start to pay closer attention to inflation as it moved above 2.0% annualized, the Fed’s inflation target. This comes at a time of a slowing economy and could pose a greater threat as the year unfolds. The USDJPY moved into its horizontal resistance area, but momentum is decreasing. How will price action react to the release of US data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Japanese economy continues to struggle. Bank lending weakened as the trade balance posted a surprise deficit in December. A current account surplus was unable to mask weakness in global trade. China reported a very strong trade report for December, but the overall trend suggests more weakness ahead. Will bears force a breakdown in the USDJPY this week, or can bulls keep the rally alive? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.

Read more... https://paxforex.com/forex-fundamental-analysis/usdjpy-january-14th-2020

 

[Zack King]

good stuff thanks. the FX majors are throwing out profitable pocket opportunities right now. JPY doing well for me.

 

[PaxForex]

GBPCAD Fundamental Analysis – January 15th 2019

Forex traders will get a broad range of inflation data out of the UK today. Some Bank of England MPC members turned more dovish as the economy struggled in the last two months of 2019. The Brexit transition period and pending trade discussions with the EU are clouding the outlook. The GBPCAD descended into a major horizontal support area, but how will this morning’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Read more... https://paxforex.com/forex-fundamental-analysis/gbpcad-january-15th-2020