Written by: PaxForex analytics dept - Friday, 31 August 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 1.8000
• Take Profit Level: 1.8200 (200 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7830
• Take Profit Level: 1.7760 (70 pips)
GOLD
Possible long position at the breakout of the level 1210.00
USDJPY
Possible short position in the breakdown of the level 110.60
USDCHF
Possible short position in the breakdown of the level 0.9640
GBPUSD
Possible long position at the breakout of the level 1.3040
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 1.8000
• Take Profit Level: 1.8200 (200 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7830
• Take Profit Level: 1.7760 (70 pips)
GOLD
Possible long position at the breakout of the level 1210.00
USDJPY
Possible short position in the breakdown of the level 110.60
USDCHF
Possible short position in the breakdown of the level 0.9640
GBPUSD
Possible long position at the breakout of the level 1.3040
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