Analysis of CHFJPY 17.01.2019

Technical & Fundamental analyses

Analysis of CHFJPY   17 Jan. 2019 Analysis of CHFJPY 17.01.2019 🔸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 109.60 🔸Take Profit Level: 108.60 (100 pips) 🔶If the price rebound from support level, you shall follow recommendations below: 🔸Timeframe: H4 🔸Recommendation: Long Position 🔸Entry Level: Long Position 110.30 🔸Take Profit Level: 111.00 (70 pips) GOLD Possible long position at the breakout of the level 1298.00 USDJPY Possible short position in the breakdown of the level 108.60 EURUSD Possible short position in the breakdown of the level 1.1370 GBPUSD Possible long position at the breakout of the level 1.2900 Click here to deposit funds and start trading Deposit funds IF YOU WANT TO BE THE FIRST TO GET OUR FORECASTS  JOIN OUR TELEGRAM CHANNEL: PaxForex Telegram channel ‌ ‌ ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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