Written by: PaxForex analytics dept - Thursday, 19 July 2018
The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 103.00
• Take Profit Level: 106.00 (300 pips)
If the price rebound from the resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 101.50
• Take Profit Level: 101.00 (50 pips)
GOLD
Possible short position at the breakdown level 1214.00
USDJPY
Possible long position at the breakdown level 113.15
USDCHF
Possible long position at the breakdown level 1.0040
EURUSD
Possible short position at the breakdown level 1.1580
The MACD is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 103.00
• Take Profit Level: 106.00 (300 pips)
If the price rebound from the resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 101.50
• Take Profit Level: 101.00 (50 pips)
GOLD
Possible short position at the breakdown level 1214.00
USDJPY
Possible long position at the breakdown level 113.15
USDCHF
Possible long position at the breakdown level 1.0040
EURUSD
Possible short position at the breakdown level 1.1580
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