Analysis on McDonalds 11.10.2017

Wednesday, 11 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 161.60
• Take Profit Level: 163.00 (140 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 159.50
• Take Profit Level: 158.80 (70 pips)

EURUSD
Possible long position at the breakout of the level 1.1850

USDJPY
Possible short position in the breakdown of the level 112.00

USDCHF
Possible short position in the breakdown of the level 0.9720

GBPUSD
Possible long position at the breakout of the level 1.3230

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