Analysis of GBPAUD 8.01.2020

Analysis of GBPAUD 8.01.2020

Written by: PaxForex analytics dept - Wednesday, 08 January 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 1.9160
• Take Profit Level: 1.9300 (140 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.9070
• Take Profit Level: 1.9000 (70 pips)



USDJPY 
A possible long position at the breakout of the level 108.50

GOLD 
A possible long position at the breakout of the level 1586.00

USDCHF
A possible short position in the breakdown of the level 0.9670

EURUSD
A possible short position in the breakdown of the level 1.1130