Written by: PaxForex analytics dept - Wednesday, 18 July 2018
The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1610
• Take Profit Level: 1.1530 (80 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1650
• Take Profit Level: 1.1700 (50 pips)
GOLD
Possible short position in the breakdown of the level 1221.00
GBPUSD
Possible short position in the breakdown of the level 1.3060
USDCHF
Possible long position at the breakout of the level 1.0030
USDJPY
Possible long position at the breakout of the level 113.20
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1610
• Take Profit Level: 1.1530 (80 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1650
• Take Profit Level: 1.1700 (50 pips)
GOLD
Possible short position in the breakdown of the level 1221.00
GBPUSD
Possible short position in the breakdown of the level 1.3060
USDCHF
Possible long position at the breakout of the level 1.0030
USDJPY
Possible long position at the breakout of the level 113.20
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