Analysis on Twitter 31.10.2017

Written by: PaxForex analytics dept - Tuesday, 31 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 21.80
• Take Profit Level: 24.00 (220 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 20.70
• Take Profit Level: 20.00 (70 pips)

GOLD
Possible short position in the breakdown of the level 1270.70

USDJPY
Possible long position at the breakout of the level 113.50

USDCHF
Possible long position at the breakout of the level 1.0000

GBPUSD
Possible long position at the breakout of the level 1.3230

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