Forex Analysis from PaxForex

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PaxForex

New member
Dec 21, 2018
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#2
Analysis of EURNZD 27.12.2018
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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 1.7000
• Take Profit Level: 1.7120 (120 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.6840
• Take Profit Level: 1.6790 (50 pips)



USDJPY
Possible short position in the breakdown of the level 110.70

GOLD
Possible long position at the breakout of the level 1273.00

USDCHF
Possible long position at the breakout of the level 0.9960

GBPUSD
Possible short position in the breakdown of the level 1.2620

PaxForex
 
P

PaxForex

New member
Dec 21, 2018
4
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#3
📣 Three Key Themes for 2019 📣

Happy New Year! As traders will take a break from trading today due to the markets being closed, many will start to prepare their portfolios for the 2019 trading year which will kick off tomorrow. The following four themes are very likely to have an impact on price action across asset classes and every forex traders need to remain informed about them. One key area of focus will be the US-China trade war. Ripple effects have been felt around the global economy already and are likely to continue until it will be resolved. There is a chance that both sides will agree to reverse the announced tariffs this year, but traders should not expect a quick resolution.

Here are three forex trades which will help you start 2019 on a profitable note ⬇️⬇️⬇️
GET THE DETAILS
 
HotForexsignal

HotForexsignal

New member
#4
Forex Market Analysis - EUR/USD challenging 1.1300 regarding dovish Draghi

The pair remains pale and drops inconsistent to 1.1320/15 band.
ECB left unchanged its key combine rates, matching consensus.
ECB will reinvest QE debt greater than the first rate lift.


EUR/USD is putting YTD lows muggy 1.1300 the figure to the test today following the press conference by President Draghi.

EUR/USD closer to 1.1300

The pair is accelerating the daily downside after ECB's Draghi tense recent data in the euro area have arrived in upon the weaker side.

In appendage, Draghi reiterated that a sustainable degree of getting used to in monetary policy is yet needed in order to save inflation upon its showing off to the banks take the goal.

Draghi along with mentioned that risks to the economic slope are now tilted to the downside.

EUR/USD levels to watch

At the moment, the pair is down 0.58% at 1.1316 facing the adjacent part at 1.1306 (2019 low Jan.3) followed by 1.1269 (monthly low Dec.14 2018) and finally 1.1215 (2018 low Nov.12). On the flip side, a fracture above 1.1396 (10-hours of daylight SMA) would strive for 1.1415 (21-daylight SMA) en route to 1.1442 (38.2% Fibo of the September-November slip).
 

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