Daily Signals, Fundamental Analysis and Recommendations from PaxForex

[PaxForex]

AUDJPY Fundamental Analysis – September 30th 2016

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

• Australian HIA New Home Sales:Australian HIA New Home Sales for August increased by 6.1% monthly. Forex traders can compare this to Australian HIA New Home Sales for July which decreased by 9.7% monthly.
• Australian Private Sector Credit: Australian Private Sector Credit for August increased by 0.4% monthly and by 5.8% annualized. Economists predicted an increase of 0.5% monthly and of 5.9% annualized. Forex traders can compare this to Australian Private Sector Credit for July which increased by 0.4% monthly and by 6.0% annualized.

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

• Japanese Jobless Rate and Job-to-Applicant Ratio: The Japanese Jobless Rate for August was reported at 3.1% and the Job-to-Applicant Ratio at 1.37. Economists predicted a figure of 3.0% and 1.37. Forex traders can compare this to the Japanese Jobless Rate for July which was reported at 3.0% and to the Job-to-Applicant Ratio which was reported at 1.37.
• Japanese Household Spending: Japanese Household Spending for August decreased by 4.6% annualized. Economists predicted a decrease of 2.1% annualized. Forex traders can compare this to Japanese Household Spending for July which decreased by 0.5% annualized.
• Japanese National CPI: The Japanese National CPI for August decreased by 0.5% annualized. Economists predicted a decrease of 0.5% annualized. Forex traders can compare this to the Japanese National CPI for July which decreased by 0.4% annualized. The Japanese National Core CPI for August increased by 0.2% annualized. Economists predicted an increase of 0.2% annualized. Forex traders can compare this to the Japanese National Core CPI for July which increased by 0.3% annualized. The Japanese National CPI Excluding Fresh Food for August decreased by 0.5% annualized. Economists predicted a decrease of 0.4% annualized. Forex traders can compare this to the Japanese National CPI Excluding Fresh Food for July which decreased by 0.5% annualized.
• Japanese Industrial Production: Preliminary Japanese Industrial Production for August increased by 1.5% monthly and by 4.6% annualized. Economists predicted an increase of 0.5% monthly and of 3.4% annualized. Forex traders can compare this to the Japanese Industrial Production for July which decreased by 0.4% monthly and by 4.2% annualized.
• Japanese Vehicle Production: Japanese Vehicle Production for August increased by 8.8% annualized. Forex traders can compare this to Japanese Vehicle Production for July which decreased by 4.1% annualized.
• Japanese Housing Starts: Japanese Housing Starts for August increased by 2.5% annualized to 0.956M units. Economists predicted an increase of 7.2% annualized to 0.999M units. Forex traders can compare this to Japanese Housing Starts for July which increased by 8.9% annualized to 1.005M units.Construction Orders increased by 13.8% annualized. Forex traders can compare this to Construction Orders for July which decreased by 10.9% annualized.

Should price action for the AUDJPY remain inside the or breakout above the 76.750 to 77.250 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 77.000
• Take Profit Zone: 85.000– 86.000
• Stop Loss Level: 75.000

Should price action for the AUDJPY breakdown below 76.750 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 76.500
• Take Profit Zone: 74.000 – 75.000
• Stop Loss Level: 77.250

 

[PaxForex]

Analysis on Tesla 30.09.2016

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 200
• Take Profit Level: 196.50 (350 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 120.00
• Take Profit Level: 120.80 (80 pips)

GOLD
Possible long position at the breakdown level 1328

GBPUSD
Possible short position at the breakdown level 1.2930

EURUSD
Possible short position at the breakdown level 1.1160

USDCHF
Possible long position at the breakdown level 0.9760

 

[PaxForex]

USDJPY Fundamental Analysis – October 3rd 2016

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

• US Markit Manufacturing PMI:The Final US Markit Manufacturing PMI for September is predicted at 51.4. Forex traders can compare this to the first US Markit Manufacturing PMI for September which was reported at 51.4.
• US Construction Spending: US Construction Spending for August is predicted to increase by 0.3% monthly. Forex traders can compare this to US Construction Spending for July which was reported flat at 0.0% monthly.
• US ISM Manufacturing Index: The US ISM Manufacturing Index for September is predicted at 50.3. Forex traders can compare this to the US ISM Manufacturing Index for August which was reported at 49.4. ISM Prices Paid are predicted at 53.5. Forex traders can compare this to ISM Prices Paid for August which were reported at 53.0.

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

• Japanese Tankan Survey: The Tankan Large Manufacturers Index for the third-quarter was reported at 6. Economists predicted a figure of 7. Forex traders can compare this to the Tankan Large Manufacturers Index for the second-quarter which was reported at 6. The Tankan Large Manufacturers Outlook for the third-quarter was reported at 6. Economists predicted a figure of 8. Forex traders can compare this to the Tankan Large Manufacturers Outlook for the second-quarter which was reported at 6. The Tankan Large Non-Manufacturers Index for the third-quarter was reported at 18. Economists predicted a figure of 18. Forex traders can compare this to the Tankan Large Non-Manufacturers Index for the second-quarter which was reported at 19. The Tankan Large Non-Manufacturers Outlook for the third-quarter was reported at 16. Economists predicted a figure of 18. Forex traders can compare this to the Tankan Large Non-Manufacturers Outlook for the second-quarter which was reported at 17. The Tankan Small Manufacturers Index for the third-quarter was reported at -3. Economists predicted a figure of -5. Forex traders can compare this to the Tankan Small Manufacturers Index for the second-quarter which was reported at -5. The Tankan Small Manufacturers Outlook for the third-quarter was reported at -5. Economists predicted a figure of -6. Forex traders can compare this to the Tankan Small Manufacturers Outlook for the second-quarter which was reported at -7. The Tankan Small Non-Manufacturers Index for the third-quarter was reported at 1. Economists predicted a figure of 0. Forex traders can compare this to the Tankan Small Non-Manufacturers Index for the second-quarter which was reported at 0. The Tankan Small Non-Manufacturers Outlook for the third-quarter was reported at -2. Economists predicted a figure of -2. Forex traders can compare this to the Tankan Small Non-Manufacturers Outlook for the second-quarter which was reported at -4. The Japanese Tankan Large All Industry Capex Index for the third-quarter increased by 6.3% quarterly. Economists predicted an increase of 6.4% quarterly. Forex traders can compare this to the Japanese Tankan Large All Industry Capex Index for the second-quarter which increased by 6.2% quarterly.

Should price action for the USDJPY remain inside the or breakout above the 101.250 to 101.750 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 101.500
• Take Profit Zone: 106.750 – 107.250
• Stop Loss Level: 99.500

Should price action for the USDJPY breakdown below 101.250 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 100.750
• Take Profit Zone: 98.000 – 99.000
• Stop Loss Level: 101.750

 

[PaxForex]

Analysis on GBPNZD 3.10.2016

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 1.7600
• Take Profit Level: 1.7400 (200 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.7840
• Take Profit Level: 1.7920 (80 pips)

GOLD
Possible short position at the breakdown level 1313

GBPUSD
Possible short position at the breakdown level 1.2840

EURUSD
Possible long position at the breakdown level 1.1250

USDCHF
Possible long position at the breakdown level 0.9760

 

[PaxForex]

EURAUD Fundamental Analysis – October 4th 2016

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

• Eurozone PPI: The Eurozone PPI for August is predicted to decrease by 0.1% monthly and by 2.1% annualized. Forex traders can compare this to the Eurozone PPI for July which increased by 0.1% monthly and which decreased by 2.8% annualized.

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

• Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of October 2nd was reported at 117.9. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 25th which was reported at 120.6.
• Australian ANZ Job Advertisements: Australian ANZ Job Advertisements for September decreased by 0.3% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for August which increased by 1.7% monthly.
• Australian Building Approvals: Australian Building Approvals for August decreased by 1.8% monthly and increased by 10.1% annualized. Economists predicted a decrease of 6.0% monthly and an increase of 5.1% annualized. Forex traders can compare this to Australian Building Approvals for July which increased by 12.0% monthly and by 4.2% annualized.
• Australian RBA Interest Rate Decision: The Australian RBA Interest Rate Decision was reported to keep interest rates at 1.50%. Forex traders can compare this to the previous Australian RBA Interest Rate Decision where interest rates were left unchanged at 1.50%.

Should price action for the EURAUD remain inside the or breakout above the 1.4575 to 1.4625 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.4600
• Take Profit Zone: 1.5100 – 1.5150
• Stop Loss Level: 1.4400

Should price action for the EURAUD breakdown below 1.4575 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.4525
• Take Profit Zone: 1.4300 – 1.4375
• Stop Loss Level: 1.4575

 

[PaxForex]

EURUSD Fundamental Analysis – October 7th 2016

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

• German Industrial Production: German German Industrial Production for August increased by 2.5% monthly and by 1.9% annualized. Economists predicted an increase of 1.0% monthly and of 0.4% annualized. Forex traders can compare this to German Industrial Production for July which decreased by 1.5% monthly and by 1.3% annualized.

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

• US NFP Report: The US NFP Report for September is predicted to show 172K job additions and an unemployment rate of 4.9%. Forex traders can compare this to the US NFP Report for August which showed 151K job additions and an unemployment rate of 4.9%. Private Payrolls for September are predicted to show 170K job additions and Manufacturing Payrolls 4K job losses. Forex traders can compare this to Private Payrolls for August which showed 126K job additions and Manufacturing Payrolls which showed 14K job losses. The Average Work Week for September is predicted at 34.4 hours. Forex traders can compare this to the Average Work Week for September which was 34.3 hours. Average Hourly Earnings for September are predicted to increase by 0.3% monthly and by 2.6% annualized. Forex traders can compare this to Average Hourly Earnings for August which increased by 0.1% monthly and by 2.4% annualized.
• US Wholesale Inventories and Wholesale Trade Sales: US Wholesale Inventories for August are predicted to decrease 0.1% monthly and Wholesale Trade Sales to to come in flat at 0.0% monthly. Forex traders can compare this to US Wholesale Inventories for July which decreased by 0.1% monthly and to Wholesale Trade Sales which decreased by 0.4% monthly.
• US Consumer Credit: US Consumer Credit for August is predicted at $16.500B. Forex traders can compare this to US Consumer Credit for July which was reported at $17.713B.

Should price action for the EURUSD remain inside the or breakout above the 1.1100 to 1.1150 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.1125
• Take Profit Zone: 1.1375 – 1.1425
• Stop Loss Level: 1.1050

Should price action for the EURUSD breakdown below 1.1100 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.1075
• Take Profit Zone: 1.0950 – 1.1000
• Stop Loss Level: 1.1150

 

[PaxForex]

EURJPY Fundamental Analysis – October 11th 2016

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

• German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for October is predicted at 55.5 and the German ZEW Survey Economic Sentiment at 4.0. Forex traders can compare this to the German ZEW Survey Current Situation for September which was reported at 55.1 and the German ZEW Survey Economic Sentiment which was reported at 0.5. The Eurozone ZEW Survey Economic Sentiment for October is predicted at 5.7. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for September which was reported at 5.4.

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

• Japanese Current Account Balance and Trade Balance: The Japanese Current Account Balance for August was reported at ¥2,000.8B. Economists predicted a figure of ¥1,502.7B. Forex traders can compare this to the Japanese Current Account Balance for July which was reported at ¥1,938.2B. The Japanese Adjusted Current Account Balance for August was reported at ¥1,975.5B. Economists predicted a figure of ¥1,570.3B. Forex traders can compare this to the Japanese Adjusted Current Account Balance for July which was reported at ¥1,447.8B. The Japanese Trade Balance for August was reported at ¥243.2B. Economists predicted a figure of ¥116.5B. Forex traders can compare this to the Japanese Trade Balance for July which was reported at ¥613.9B.
• Japanese Bankruptcies: Japanese Bankruptcies for September decreased by 3.41% annualized. Forex traders can compare this to Japanese Bankruptcies for August which increased by 14.87% annualized.
• Japanese Eco Watchers Survey: The Japanese Eco Watchers Survey Current Index for September was reported at 44.8 and the Japanese Eco Watchers Survey Outlook Index was reported at 48.5. Economists predicted a figure of 45.8 and 48.0. Forex traders can compare this to the Japanese Eco Watchers Survey Current Index for August which was reported at 45.6 and to the Japanese Eco Watchers Survey Outlook Index which was reported at 47.4.

Should price action for the EURJPY remain inside the or breakout above the 115.250 to 115.750 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 115.500
• Take Profit Zone: 119.750 – 120.250
• Stop Loss Level: 114.000

Should price action for the EURJPY breakdown below 115.250 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 115.000
• Take Profit Zone: 110.000 – 111.000
• Stop Loss Level: 115.750

 

[PaxForex]

Gold Fundamental Analysis – October 13th 2016

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

• Chinese Trade Balance: The Chinese Trade Balance for September was reported at $41.99B. Economists predicted a figure of $53.00B. Forex traders can compare this to the Chinese Trade Balance for August which was reported at $52.05B. Exports decreased by 10.0% annualized and Imports decreased by 1.9% annualized. Economists predicted a decrease of 3.3% and an increase of 0.7%. Forex traders can compare this to Exports for August which decreased by 2.8% annualized and to Imports which increased by 1.5% annualized.
• Australian Inflation Expectations: Australian Inflation Expectations for October increased by 3.7% annualized. Forex traders can compare this to Australian Inflation Expectations for September which increased by 3.3% annualized.
• Japanese Tertiary Industry Index: The Japanese Tertiary Industry Index for August was reported at 0.0% annualized. Economists predicted a decrease of 0.2% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for July which increased by 0.3% monthly.
• German CPI: The Final German CPI for September increased by 0.1% monthly and by 0.7% annualized. Economists predicted an increase 0.1% monthly and of 0.7% annualized. Forex traders can compare this to the previous German CPI for September which increased by 0.1% monthly and by 0.7% annualized.
• US Import Prices: US Import Prices for September are predicted to increase by 0.1% monthly and to decrease by 1.1% annualized. Forex traders can compare this to US Import Prices for August which decreased by 0.2% monthly and by 2.2% annualized.
• Canadian New House Price Index: The Canadian New House Price Index for August is predicted to increase by 0.3% monthly. Forex traders can compare this to the Canadian New House Price Index for July which increased by 0.4% monthly.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 8th are predicted at 253K and US Continuing Claims for the week of October 1st are predicted at 2,065K. Forex traders can compare this to US Initial Jobless Claims for the week of October 1st which were reported at 249K and US Continuing Claims for the week of September 24th which were reported at 2,058K.

Should price action for Gold remain inside the or breakout above the 1,2055.00 to 1,260.00 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,257.50
• Take Profit Zone: 1,300.00 – 1,305.00
• Stop Loss Level: 1,250.00

Should price action for Gold breakdown below 1,255.00 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,249.00
• Take Profit Zone: 1,195.00 – 1,200.00
• Stop Loss Level: 1,255.00

 

[PaxForex]

Analysis on GBPNZD 14.10.2016

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 1.7135
• Take Profit Level: 1.7000 (135 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.7300
• Take Profit Level: 1.7380 (80 pips)

GOLD
Possible short position at the breakdown level 1250

GBPUSD
Possible short position at the breakdown level 1.2840

EURUSD
Possible short position at the breakdown level 1.1250

USDCHF
Possible long position at the breakdown level 0.9760

 

[PaxForex]

USDJPY Fundamental Analysis – October 14th 2016

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

• US Advanced Retail Sales: US Advanced Retail Sales for September are predicted to increase by 0.6% monthly and Retail Sales Less Autos are predicted to increase by 0.5% monthly. Forex traders can compare this to US Advanced Retail Sales for August which decreased by 0.3% monthly and to Retail Sales Less Autos which decreased by 0.1% monthly. Retail Sales Less Autos and Gas for September are predicted to increase by 0.3% monthly and Retail Sales Control Group are predicted to increase by 0.3% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for August which decreased by 0.1% monthly and to Retail Sales Control Group which decreased by 0.1% monthly.
• US PP: The US PPI for September is predicted to increase by 0.2% monthly and by 0.6% annualized. Forex traders can compare this to the US PPI for August which was reported flat at 0.0% monthly and flat at 0.0% annualized. The US Core PPI for September is predicted to increase by 0.1% monthly and by 1.2% annualized. Forex traders can compare this to the US Core PPI for August which increased by 0.1% monthly and by 1.0% annualized.
• US Business Inventories: US Business Inventories for August are predicted to increase by 0.1% monthly. Forex traders can compare this to US Business Inventories for July which were reported flat at 0.0% monthly.
• US Michigan Consumer Confidence: Preliminary US Michigan Consumer Confidence for October is predicted at 92.0. Forex traders can compare this to US Michigan Consumer Confidence for September which was reported at 91.2.

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

• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for October 7th was reported at -¥737.7B and Japanese Buying Foreign Stocks which was reported at ¥87.1B. Forex traders can compare this to Japanese Buying Foreign Bonds for September 30th which was reported at -¥636.8B and to Japanese Buying Foreign Stocks which was reported at ¥362.2B. Foreign Buying Japanese Bonds for October 7th was reported at ¥289.6B and Foreigners Buying Japanese Stocks which was reported at ¥430.3B. Forex traders can compare this to Foreign Buying Japanese Bonds for September 30th which was reported at ¥1,192.0B and to Foreigners Buying Japanese Stocks which was reported at ¥251.7B.
• Japanese Domestic Corporate Goods Price Index: The Japanese Domestic Corporate Goods Price Index for September was reported at 0.0% monthly and as a decrease of 3.2% annualized. Economists predicted a decrease of 0.1% monthly and of 3.2% annualized. Forex traders can compare this to the Japanese Domestic Corporate Goods Price Index for August which decreased by 0.3% monthly and by 3.6% annualized.

Should price action for the USDJPY remain inside the or breakout above the 104.000 to 104.500 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 104.250
• Take Profit Zone: 107.500– 108.000
• Stop Loss Level: 103.000

Should price action for the USDJPY breakdown below 104.000 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 103.750
• Take Profit Zone: 100.000 – 100.500
• Stop Loss Level: 104.500

 

[PaxForex]

Analysis on GOLD 17.10.2016

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

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1245
• Take Profit Level: 1230 (1500 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1263
• Take Profit Level: 1270 (700 pips)


GBPUSD
Possible short position in the breakdown of the level 1.2130

EURUSD
Possible short position in the breakdown of the level 1.0960

USDCHF
Possible long position at the breakdown level 0.9900

USDJPY
Possible long position at the breakdown level 104.60

 

[PaxForex]

Analysis on USDTRY 18.10.2016

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 3.1150
• Take Profit Level: 3.2000 (850 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.0800
• Take Profit Level: 3.0400 (400 pips)



GOLD
Possible long position at the breakout of the level 1265

EURUSD
Possible short position in the breakdown of the level 1.0960

USDCHF
Possible long position at the breakout of the level 0.9900

GBPUSD
Possible long position at the breakout of the level 1.2300

 

[PaxForex]

Gold Fundamental Analysis – October 19th 2016

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

• Australian Westpac Leading Index: The Australian Westpac Leading Index for September increased by 0.06% monthly. Forex traders can compare this to the Australian Westpac Leading Index for August which increased by 0.01%.
• Australian Skilled Vacancies: Australian Skilled Vacancies for September decreased by 1.2% monthly. Forex traders can compare this to Australian Skilled Vacancies for August which decreased by 1.3%.
• Chinese Industrial Production: Chinese Industrial Production for September increased by 1.6% annualized. Economists predicted an increase of 6.4% annualized. Forex traders can compare this to Chinese Industrial Production for August which increased by 6.3% annualized.
• Chinese Retail Sales: Chinese Retail Sales for September increased by 10.7% annualized. Economists predicted an increase of 10.7% annualized. Forex traders can compare this to Chinese Retail Sales for August which increased by 10.6% annualized.
• Chinese Fixed Assets ex Rural: Chinese Fixed Assets ex Rural for September increased by 8.2% annualized. Economists predicted an increase of 8.2% annualized. Forex traders can compare this to Chinese Fixed Assets ex Rural for August which increased by 8.1% annualized.
• Chinese GDP: The Chinese GDP for the third-quarter increased by 1.8% quarterly and by 6.7% annualized. Economists predicted an increase of 1.8% quarterly and of 6.7% annualized. Forex traders can compare this to the Chinese GDP for the second-quarter which increased by 1.8% quarterly and by 6.7% annualized.
• Japanese All Industry Activity Index: The Japanese All Industry Activity Index for August increased by 0.2% monthly. Economists predicted an increase of 0.2% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for July which increased by 0.2% monthly.
• UK Jobless Claims Change and Claimant Count Rate: UK Jobless Claims Change for September was reported at 0.7K and the Claimant Count Rate was reported at 2.3%. Economists predicted a reading of 3.2K and 2.2%. Forex traders can compare this to UK Jobless Claims Change for for August which was reported at 7.1K and the Claimant Count Rate which was reported at 2.3%.
• US Housing Starts and Building Permits: US Housing Starts for September are predicted to increase by 2.9% monthly to 1,175K starts and Building Permits are predicted to increase by 1.1% monthly to 1,165K permits. Forex traders can compare this to US Housing Starts for August which decreased by 5.8% monthly to 1,142K starts and Building Permits which increased by 0.7% monthly to 1,152K permits.
• Bank of Canada Interest Rate Decision: The Bank of Canada Interest Rate Decision is predicted to keep interest rates at 0.50%. Forex traders can compare this to the previous Bank of Canada Interest Rate Decision where interest rates remained unchanged at 0.50%.

Should price action for Gold remain inside the or breakout above the 1,262.00 to 1,267.00 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1,263.50
• Take Profit Zone: 1,365.00 – 1,370.00
• Stop Loss Level: 1,235.00

Should price action for Gold breakdown below 1,262.00 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1,257.00
• Take Profit Zone: 1,195.00 – 1,200.00
• Stop Loss Level: 1,267.00

 

[PaxForex]

AUDUSD Fundamental Analysis – October 20th 2016

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

• 
  
  
  • Australian NAB Business Confidence: Australian NAB Business Confidence for the third-quarter was reported at 5. Forex traders can compare this to Australian NAB Business Confidence for the second-quarter which was reported at 3.
  • Australian Employment Report: The Australian Employment Change for September was reported at -9.8K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for August which was reported at -8.6K. The Unemployment Rate for September was reported at 5.6%. Economists predicted a reading of 5.7%. Forex traders can compare this to the Unemployment Rate for August which was reported at 5.7%. 53.0K Full-Time Positions were lost in September and 43.2K Part-Time Positions were created. Forex traders can compare this to the creation of 10.1K Full-Time Positions and the loss of 18.6K Part-Time Positions which were reported in August. The Labor Force Participation Rate for September was reported at 64.5%. Economists predicted a reading of 64.8%. Forex traders can compare this to the Labor Force Participation Rate for August which was reported at 64.7%.

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

• 
  
  
  • US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 15th are predicted at 250K and US Continuing Claims for the week of October 8th are predicted at 2,060K. Forex traders can compare this to US Initial Jobless Claims for the week of October 8th which were reported at 246K and US Continuing Claims for the week of October 1st which were reported at 2,046K.
  • US Philadelphia Fed Index: The US Philadelphia Fed Index for October is predicted at 6.0. Forex traders can compare this to the US Philadelphia Fed Index for September which was reported at 12.8.
  • US Existing Home Sales: US Existing Home Sales for September are predicted to increase by 0.4% monthly to 5.35M. Forex traders can compare this to US Existing Home Sales for August which decreased by 0.9% monthly to 5.33M.
  • US Leading Indicators: US Leading Indicators for September are predicted to increase by 0.2%. Forex traders can compare this to US Leading Indicators for August which decreased by 0.2%.

Should price action for the AUDUSD remain inside the or breakdown below the 0.7650 to 0.7700 zone the following trade set-up is recommended:

• 
  
  
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 0.7675
  • Take Profit Zone: 0.7400 – 0.7450
  • Stop Loss Level: 0.7750

Should price action for the AUDUSD breakout above 0.7700 the following trade set-up is recommended:

• 
  
• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.7725
• Take Profit Zone: 0.7800 – 0.7850
• Stop Loss Level: 0.7650

 

[PaxForex]

Analysis on USDPLN 20.10.2016

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 3.9410
• Take Profit Level: 4.0000 (590 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.9200
• Take Profit Level: 3.9000 (200 pips)



GOLD
Possible short position in the breakdown of the level 1266

EURUSD
Possible short position in the breakdown of the level 1.0950

USDCHF
Possible long position at the breakdown of the level 0.9915

GBPUSD
Possible short position in the breakdown of the level 1.2240

 

[PaxForex]

Analysis on AUDCAD 21.10.2016

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 1.0160
• Take Profit Level: 1.0300 (140 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.0060
• Take Profit Level: 1.0000 (60 pips)



GOLD
Possible short position in the breakdown of the level 1261

EURUSD
Possible short position in the breakdown of the level 1.0870

USDCHF
Possible long position at the breakout of the level 0.9960

GBPUSD
Possible short position in the breakdown of the level 1.2200

 

[PaxForex]

Analysis on USDCAD 24.10.2016

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 1.3360
• Take Profit Level: 1.3460 (100 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3310
• Take Profit Level: 1.3240 (70 pips)



GOLD
Possible short position in the breakdown of the level 1260

EURUSD
Possible short position in the breakdown of the level 1.0850

USDCHF
Possible long position at the breakout of the level 0.9970

GBPUSD
Possible short position in the breakdown of the level 1.2160

 

[PaxForex]

EURUSD Fundamental Analysis – October 25th 2016

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

• German IFO: The German IFO Business Climate Index for October was reported at 110.5. Economists predicted a figure of 109.6. Forex traders can compare this to the German IFO Business Climate Index for September which was reported at 109.5. The German IFO Current Assessment Index for October was reported at 115.0. Economists predicted a figure of 114.9. Forex traders can compare this to the German IFO Current Assessment Index for September which was reported at 114.7. The German IFO Expectations Index for October was reported at 106.1. Economists predicted a figure of 104.5. Forex traders can compare this to the German IFO Expectations Index for September which was reported at 104.5.

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

• US House Price Index: The US House Price Index for August is predicted to increase by 0.5% monthly. Forex traders can compare this to US House Price Index for July which increased by 0.5% monthly.
• US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for August is predicted to increase by 0.10% monthly and by 5.05% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for July which decreased by 0.01% monthly and which increased by 5.02% annualized.
• US Consumer Confidence: US Consumer Confidence for October is predicted at 101.0. Forex traders can compare this to US Consumer Confidence for September which was reported at 104.1.
• US Richmond Fed Manufacturing Index: The US Richmond Fed Manufacturing Index for October is predicted at -4. Forex traders can compare this to the US Richmond Fed Manufacturing Index for September which was reported at -8.
• US IBD/TIPP Economic Optimism Index: The US IBD/TIPP Economic Optimism Index for October is predicted at 47.5. Forex traders can compare this to the US IBD/TIPP Economic Optimism Index for September which was reported at 46.7.

Should price action for the EURUSD remain inside the or breakout above the 1.0875 to 1.0925 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.0900
• Take Profit Zone: 1.1350 – 1.1400
• Stop Loss Level: 1.0800

Should price action for the EURUSD breakdown below 1.0875 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.0850
• Take Profit Zone: 1.0500 – 1.0575
• Stop Loss Level: 1.0925

 

[PaxForex]

Analysis on Boeing 26.10.2016

\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 139.60
• Take Profit Level: 144.50 (490 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 137.00
• Take Profit Level: 136.00 (100 pips)



GOLD
Possible short position in the breakdown of the level 1267

USDJPY
Possible long position at the breakout of the level 105.00

USDCHF
Possible long position at the breakout of the level 0.9960

GBPUSD
Possible short position in the breakdown of the level 1.2070

 

[PaxForex]

Analysis on Microsoft 27.10.2016

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 61.40
• Take Profit Level: 62.40 (100 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 60.30
• Take Profit Level: 59.70 (60 pips)



GOLD
Possible short position in the breakdown of the level 1264

USDJPY
Possible long position at the breakout of the level 105.00

USDCHF
Possible short position in the breakdown of the level 0.9900

GBPUSD
Possible short position in the breakdown of the level 1.2070
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