Written by: PaxForex analytics dept - Wednesday, 31 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 133.35
• Take Profit Level: 114.30 (95 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.00
• Take Profit Level: 112.50 (50 pips)
GOLD
Possible short position in the breakdown of the level 1214.00
EURUSD
Possible short position in the breakdown of the level 1.1330
USDCHF
Possible long position at the breakout of the level 1.0070
GBPUSD
Possible short position in the breakdown of the level 1.2695
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 133.35
• Take Profit Level: 114.30 (95 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.00
• Take Profit Level: 112.50 (50 pips)
GOLD
Possible short position in the breakdown of the level 1214.00
EURUSD
Possible short position in the breakdown of the level 1.1330
USDCHF
Possible long position at the breakout of the level 1.0070
GBPUSD
Possible short position in the breakdown of the level 1.2695
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