Written by: PaxForex analytics dept - Friday, 16 November 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 109.50
• Take Profit Level: 111.00 (150 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.70
• Take Profit Level: 108.00 (70 pips)
USDJPY
Possible short position in the breakdown of the level 113.20
EURUSD
Possible long position at the breakout of the level 1.1370
USDCHF
Possible long position at the breakout of the level 1.0080
GBPUSD
Possible short position in the breakdown of the level 1.2710
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 109.50
• Take Profit Level: 111.00 (150 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.70
• Take Profit Level: 108.00 (70 pips)
USDJPY
Possible short position in the breakdown of the level 113.20
EURUSD
Possible long position at the breakout of the level 1.1370
USDCHF
Possible long position at the breakout of the level 1.0080
GBPUSD
Possible short position in the breakdown of the level 1.2710
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