Written by: PaxForex analytics dept - Tuesday, 16 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 0.6515
• Take Profit Level: 0.6600 (85 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6460
• Take Profit Level: 0.6400 (60 pips)
USDJPY
Possible short position in the breakdown of the level 111.60
EURUSD
Possible long position at the breakout of the level 1.1610
USDCHF
Possible long position at the breakout of the level 0.9900
GBPUSD
Possible long position at the breakout of the level 1.3210
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