Written by: PaxForex analytics dept - Thursday, 12 July 2018
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 109.30
• Take Profit Level: 112.50 (320 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 107.00
• Take Profit Level: 106.30 (70 pips)
GOLD
Possible short position in the breakdown of the level 1240.00
USDJPY
Possible long position at the breakout of the level 112.60
USDCHF
Possible long position at the breakout of the level 0.9990
GBPUSD
Possible short position in the breakdown of the level 1.3180
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 109.30
• Take Profit Level: 112.50 (320 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 107.00
• Take Profit Level: 106.30 (70 pips)
GOLD
Possible short position in the breakdown of the level 1240.00
USDJPY
Possible long position at the breakout of the level 112.60
USDCHF
Possible long position at the breakout of the level 0.9990
GBPUSD
Possible short position in the breakdown of the level 1.3180
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