Analysis of MICROSOFT 7.02.2020

Analysis of MICROSOFT 7.02.2020

Written by: PaxForex analytics dept - Friday, 07 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 184.10
• Take Profit Level: 188.00 (390 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 176.10
• Take Profit Level: 175.00 (110 pips)

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

EURUSD 
A possible short position in the breakdown of the level 1.0950

USDCHF
A possible long position at the breakout of the level 0.9770

GBPUSD
A possible short position in the breakdown of the level 1.2910