Written by: PaxForex analytics dept - Monday, 15 October 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 6760.00
• Take Profit Level: 7300.00 (54000 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 6100.00
• Take Profit Level: 6000.00 (10000 pips)
USDJPY
Possible short position in the breakdown of the level 111.50
EURUSD
Possible long position at the breakout of the level 1.1580
USDCHF
Possible short position in the breakdown of the level 0.9880
GBPUSD
Possible long position at the breakout of the level 1.3140
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