Analysis on USDTRY 18.10.2017

Written by: PaxForex analytics dept - Wednesday, 18 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 3.6950
• Take Profit Level: 3.7400 (450 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.6500
• Take Profit Level: 3.6300 (200 pips)

GOLD
Possible short position in the breakdown of the level 1278.40

USDJPY
Possible long position at the breakout of the level 112.80

USDCHF
Possible long position at the breakout of the level 0.9820

GBPUSD
Possible short position in the breakdown of the level 1.3140

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