Analysis of ALCOA 21.12.2017

Written by: PaxForex analytics dept - Thursday, 21 December 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 50.20
• Take Profit Level: 52.50 (230 pips)

If the price rebound from resistance level, you should follow recommendations below:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 47.40
• Take Profit Level: 47.00 (40 pips)

GOLD
Possible long position at the breakout of the level 1268.00

EURUSD
Possible long position at the breakout of the level 1.1900

USDCHF
Possible short position at the breakdown level 0.9820

GBPUSD
Possible short position at the breakdown level 1.3340

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