Analysis on GBPCAD 12.11.2019

Analysis on GBPCAD 12.11.2019

Written by: PaxForex analytics dept - Tuesday, 12 November 2019 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 1.7100
• Take Profit Level: 1.7250 (150 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.6900
• Take Profit Level: 1.6850 (50 pips)



GOLD
A possible short position in the breakdown of the level 1447.00

EURUSD 
A possible short position in the breakdown of the level 1.1010

USDCHF
A possible long position at the breakout of the level 0.9965

GBPUSD
A possible long position at the breakout of the level 1.2900