Analysis on Walmart 17.11.2017

Written by: PaxForex analytics dept - Friday, 17 November 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 99.60
• Take Profit Level: 103.00 (360 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 97.30
• Take Profit Level: 96.70 (60 pips)

EURUSD
Possible long position at the breakout of the level 1.1820

USDJPY
Possible short position in the breakdown of the level 112.30

USDCHF
Possible long position at the breakout of the level 0.9950

GBPUSD
Possible long position at the breakout of the level 1.3260

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