Written by: PaxForex analytics dept - Wednesday, 10 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 117.80
• Take Profit Level: 122.00 (420 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.40
• Take Profit Level: 112.00 (160 pips)
GOLD
Possible short position in the breakdown of the level 1180.00
EURUSD
Possible short position in the breakdown of the level 1.1470
USDCHF
Possible long position at the breakout of the level 0.9940
GBPUSD
Possible long position at the breakout of the level 1.3190
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 117.80
• Take Profit Level: 122.00 (420 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.40
• Take Profit Level: 112.00 (160 pips)
GOLD
Possible short position in the breakdown of the level 1180.00
EURUSD
Possible short position in the breakdown of the level 1.1470
USDCHF
Possible long position at the breakout of the level 0.9940
GBPUSD
Possible long position at the breakout of the level 1.3190
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