Analysis on Facebook 16.10.2017

Analytics dept - Monday, 16 October 2017


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 175.20
• Take Profit Level: 180.00 (480 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 170.30
• Take Profit Level: 169.30 (100 pips)

GOLD
Possible long position at the breakout of the level 1305.50

USDJPY
Possible short position in the breakdown of the level 111.50

USDCHF
Possible long position at the breakout of the level 0.9770

GBPUSD
Possible long position at the breakout of the level 1.3340

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