Analysis of DISNEY 26.02.2020

Analysis of DISNEY 26.02.2020

Written by: PaxForex analytics dept - Wednesday, 26 February 2020 0 comments

The price is below the moving average of 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero levels.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 127.00
• Take Profit Level: 123.00 (400 pips)

If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 130.60
• Take Profit Level: 132.00 (140 pips)


GOLD
A possible long position at the breakout of the level 1657.00

USDCHF
A possible short position in the breakdown of the level 0.9725

EURUSD
A possible long position at the breakout of the level 1.0900

GBPUSD
A possible short position in the breakdown of the level 1.2930