The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero levels. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 101.50 Take Profit Level: 100.00 (150 pips) If the price rebound from a support level, you shall follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level:...
Today, 09.03.2020, it became known that OPEC+ countries failed to agree on additional oil reduction as a result of negotiations in Vienna, which had a strong impact on various assets, including EUR/USD. EUR/USD, 30 min Pivot – 1.1395
General Electric shares fell in price at historic lows and key support area. There is also a set of positions on the asset, which in the long term will lead to an increase in the company's shares. Today we will do a technical analysis of General Electric shares:
Today 06.03.2020, important macrostatistical data on the United States of America is expected to be published. Some of the main reports today will be: the unemployment rate and Non-Farm Payrolls. We expect that these reports will lead to increased volatility in the currency market. EUR/USD, 30 min Pivot – 1.3380
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 1690.00 Take Profit Level: 1720.00 (3000 pips) If the price rebound from resistance level, you should follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short...
