Written by: PaxForex analytics dept - Monday, 19 November 2018
The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 112.55
• Take Profit Level: 111.80 (75 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 113.00
• Take Profit Level: 113.50 (50 pips)
GOLD
Possible long position at the breakout of the level 1222.00
USDCHF
Possible short position in the breakdown of the level 0.9980
EURUSD
Possible long position at the breakout of the level 1.1430
GBPUSD
Possible long position at the breakout of the level 1.2880
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 112.55
• Take Profit Level: 111.80 (75 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 113.00
• Take Profit Level: 113.50 (50 pips)
GOLD
Possible long position at the breakout of the level 1222.00
USDCHF
Possible short position in the breakdown of the level 0.9980
EURUSD
Possible long position at the breakout of the level 1.1430
GBPUSD
Possible long position at the breakout of the level 1.2880
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