Forex Analysis by PaxForex

2021-02-23 11:12:39 GBP/NZD Forecast Fundamental Analysis | British Pound / New Zealand Dollar

The forecast for the GBP/NZD remains bullish after this currency pair moved above its Ichimoku Kinko Hyo Cloud with enough momentum to extend its gains. While price action may retest its Senkou Span A after the Kijun-sen and Tenkan-sen entered a sideways trend, the outlook remains bullish. He CCI moved out of extreme overbought territory but stopped its descend with more upside potential. Will bulls capitalize on favorable developments and force the GBP/NZD into its next horizontal support area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/gbpnzd-forecast-february-23rd-2021 Open / Comment

2021-02-22 11:41:55 Amazon | Fundamental Analysis

Pricing at about $3,300 per share makes Amazon look expensive, but you can't judge a stock by its price alone. Another way to think about buying stock is to think about how much you would have to pay to own the entire company (assuming you can do it).

Read more: https://paxforex.org/forex-fundamental-analysis/amazon-22-02-2021 Open / Comment

2021-02-22 11:35:47 Trading Analysis of Dow Jones 30 Index

U.S. stock indices barely changed at the close of trading Friday as investors sold technology stocks and went into cyclical securities, which are expected to be in a favorable position when the pandemic recedes. The Dow Jones Industrial Average index was unchanged at the close of trading, remaining at 31,494.32 points.

Read more: https://paxforex.org/forex-analysis/dow-jones-30-22-02-2021 Open / Comment

2021-02-22 11:26:38 USD/CAD | US Dollar to Canadian Dollar Trading Analysis

Canada: retail sales fell 3.4% in December: Excluding cars -4.1% vs. -2.4% forecast, prev. +2.1%; Sales declined in 9 of 11 sectors; Q4 sales up 1.2% vs. Q3.

Read more: https://paxforex.org/forex-analysis/usdcad-trading-analysis-22-02-2021 Open / Comment

2021-02-22 11:15:14 EUR/JPY Forecast Fundamental Analysis | Euro / Japanese Yen

The forecast for the EUR/JPY turned bearish after its recent push higher. Complacency about the Covid-19 mutations poses the most significant risk and can cause a new spike in infections. Government debt resulted in a rise in retail sales, while the labor market continues to show weakness, combining for a toxic economic mix. After price action moved above its Ichimoku Kinko Hyo Cloud, the Kijun-sen flatlined with the Tenkan-sen expected to follow suit. The CCI exited extreme overbought territory and has a clear path to the downside. Will bear force the EUR/JPY into its next horizontal support area inside the narrowing Ichimoku Kinko Hyo Cloud? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/eurjpy-forecast-february-22nd-2021 Open / Comment

2021-02-19 12:08:34 Tesla | Fundamental Analysis

With so much momentum in both Tesla's stock price and its core business, isn't it time for the automaker to consider splitting its stock again?

Read more: https://paxforex.org/forex-fundamental-analysis/tesla-19-02-2021 Open / Comment

2021-02-19 11:57:35 Trading Analysis of S&P 500 Index

U.S. stock indices declined on Thursday after the release of data on the number of new jobless claims in the U.S. last week and on home construction in January. The Standard & Poor's 500 fell 17.36 points (0.44%) to 3,913.97 points.

Read more: https://paxforex.org/forex-analysis/sp-500-index-19-02-2021 Open / Comment

2021-02-19 11:43:17 GBP/USD | British Pound to US Dollar Trading Analysis

The pound continues to be one of the best performing currencies this year, which helped the pair rise back to 1.4000 for the first time in almost three years. However, recent British press reports suggest that the U.K. government has decided to approach easing with caution, which could slow the economic recovery at least in the second quarter, dampening optimism about the pound.

Read more: https://paxforex.org/forex-analysis/gbpusd-trading-analysis-19-02-2021 Open / Comment

2021-02-19 11:27:53 USD/CAD Forecast Fundamental Analysis | US Dollar / Canadian Dollar

The forecast for the USD/CAD remains bearish after yesterday’s US initial jobless claims disappointed again, with upward revisions to the previous week. Treasury Secretary Yellen is pushing for more debt, adding downside pressure on the US Dollar. This currency pair remains below its descending Ichimoku Kinko Hyo Cloud. The Kijun-sen entered a sideways trend, but the Tenkan-sen continues to descend. After the CCI moved out of extreme oversold territory, it has more downside potential. Will bears keep the pressure alive and force the USD/CAD into its next horizontal support area? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.

Read more: https://paxforex.org/forex-fundamental-analysis/usdcad-forecast-february-19th-2021 Open / Comment

2021-02-18 12:06:24 Interim Report of Daily Trading Technical Analysis for the Half of February 2021

Today we would like to share with you a performance report of our signals for the first half of February 2021.

These two weeks turned out to be quite stable and profitable because at the beginning of the new year we see new stable trends forming and we manage to find them competently and use them for profit.

Read more: https://paxforex.org/forex-analysis/interim-report-daily-trading-technical-analysis-half-february-2021 Open / Comment