Written by: PaxForex analytics dept - Monday, 01 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 374.40
• Take Profit Level: 386.00 (1160 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 363.00
• Take Profit Level: 362.00 (100 pips)
GOLD
Possible short position in the breakdown of the level 1184.00
EURUSD
Possible short position in the breakdown of the level 1.1560
USDCHF
Possible long position at the breakout of the level 0.9840
GBPUSD
Possible short position in the breakdown of the level 1.3000
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 374.40
• Take Profit Level: 386.00 (1160 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 363.00
• Take Profit Level: 362.00 (100 pips)
GOLD
Possible short position in the breakdown of the level 1184.00
EURUSD
Possible short position in the breakdown of the level 1.1560
USDCHF
Possible long position at the breakout of the level 0.9840
GBPUSD
Possible short position in the breakdown of the level 1.3000
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