Analysis on MCDONALDS 30.08.2019

Analysis on MCDONALDS 30.08.2019

Written by: PaxForex analytics dept - Friday, 30 August 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 222.00
• Take Profit Level: 225.00 (300 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 219.00
• Take Profit Level: 218.00 (100 pips)



USDJPY 
A possible long position at the breakout of the level 116.70

EURUSD 
A possible short position in the breakdown of the level 1.1030

USDCHF
A possible long position at the breakout of the level 0.9900

GBPUSD
A possible short position in the breakdown of the level 1.2150