Analysis of EURNZD 13.11.2019
Analysis of EURNZD 13.11.2019
Written by: PaxForex analytics dept - Wednesday, 13 November 2019 0 comments
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
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 1483.00
• Take Profit Level: 1470.00 (1300 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1502.00
• Take Profit Level: 1507.00 (500 pips)
GBPUSD
A possible short position in the breakdown of the level 1.2260
EURUSD
A possible short position in the breakdown of the level 1.0920
USDCHF
A possible long position at the breakout of the level 0.9935
USDJPY
A possible long position at the breakout of the level 108.20
MACD is below the zero level.
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 1483.00
• Take Profit Level: 1470.00 (1300 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1502.00
• Take Profit Level: 1507.00 (500 pips)
GBPUSD
A possible short position in the breakdown of the level 1.2260
EURUSD
A possible short position in the breakdown of the level 1.0920
USDCHF
A possible long position at the breakout of the level 0.9935
USDJPY
A possible long position at the breakout of the level 108.20