Analysis of EURJPY 8.03.2019
Analysis of EURJPY 8.03.2019
Written by: PaxForex analytics dept - Friday, 08 March 2019 0 comments
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 124.20
• Take Profit Level: 123.40 (80 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 124.70
• Take Profit Level: 125.10 (40 pips)
USDCHF
Possible long position at the breakout of the level 1.0125
USDJPY
Possible short position in the breakdown of the level 110.95
EURUSD
Possible short position in the breakdown of the level 1.1170
GBPUSD
Possible short position in the breakdown of the level 1.3060
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 124.20
• Take Profit Level: 123.40 (80 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 124.70
• Take Profit Level: 125.10 (40 pips)
USDCHF
Possible long position at the breakout of the level 1.0125
USDJPY
Possible short position in the breakdown of the level 110.95
EURUSD
Possible short position in the breakdown of the level 1.1170
GBPUSD
Possible short position in the breakdown of the level 1.3060