Written by: PaxForex analytics dept - Tuesday, 10 July 2018
The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is above 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 1245.00
• Take Profit Level: 1236.00 (1000 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1253.00
• Take Profit Level: 1260.00 (700 pips)
GBPUSD
Possible short position in the breakdown of the level 1.3220
EURUSD
Possible short position in the breakdown of the level 1.1680
USDCHF
Possible long position at the breakdown level 0.9960
USDJPY
Possible long position at the breakdown level 111.40
MACD is above 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 1245.00
• Take Profit Level: 1236.00 (1000 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1253.00
• Take Profit Level: 1260.00 (700 pips)
GBPUSD
Possible short position in the breakdown of the level 1.3220
EURUSD
Possible short position in the breakdown of the level 1.1680
USDCHF
Possible long position at the breakdown level 0.9960
USDJPY
Possible long position at the breakdown level 111.40
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