Analysis of EUR / TRY 24.02.2020

Analysis of EUR / TRY 24.02.2020

Written by: PaxForex analytics dept - Monday, 24 February 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 6.7000
• Take Profit Level: 6.8500 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 6.6100
• Take Profit Level: 6.5500 (600 pips)

USDJPY 
A possible long position at the breakout of the level 111.65

GOLD 
A possible short position in the breakdown of the level 1689.00
USDCHF
A possible short position in the breakdown of the level 0.9770

EURUSD
A possible short position in the breakdown of the level 1.0800