Analysis of HOME-DEPOT 10.02.2020

Analysis of HOME-DEPOT 10.02.2020

Written by: PaxForex analytics dept - Monday, 10 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 239.30
• Take Profit Level: 245.00 (570 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 235.10
• Take Profit Level: 234.00 (110 pips)

USDJPY 
A possible long position at the breakout of the level 110.00

GOLD 
A possible long position at the breakout of the level 1577.00

USDCHF
A possible long position at the breakout of the level 0.9785

EURUSD
A possible short position in the breakdown of the level 1.0940