AMAZON | Trading Analysis

AMAZON | Trading Analysis

Written by: PaxForex analytics dept - Friday, 27 March 2020 0 comments

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position 1956.00
  • Take Profit Level: 2000.00 (4400 pips)

If the price rebound from resistance level, you should follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position 1866.00
  • Take Profit Level: 1860.00 (600 pips)

USDJPY 
A possible short position in the breakdown of the level 108.20

EURUSD 
A possible long position at the breakout of the level 1.1060

USDCHF
A possible short position in the breakdown of the level 0.9580

GBPUSD
A possible long position at the breakout of the level 1.2300