Chevron Trading Analysis

Chevron Trading Analysis

Written by: PaxForex analytics dept - Friday, 20 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 51.50
  • Take Profit Level: 50.00 (150 pips)

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

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position 58.30
  • Take Profit Level: 59.00 (70 pips)

USDJPY 
A possible short position in the breakdown of the level 109.25

EURUSD 
A possible short position in the breakdown of the level 1.0700

USDCHF
A possible short position in the breakdown of the level 0.9740

GBPUSD
A possible long position at the breakout of the level 1.1870