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Analysis on Johnson and Johnson 10.03.2017 by PaxForex

 

 

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 126.20
• Take Profit Level: 128.20 (200 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 124.50
• Take Profit Level: 123.80 (70 pips)

GOLD
Possible short position in the breakdown of the level 1194.00

USDJPY
Possible long position at the breakout of the level 115.50

USDCHF
Possible short position in the breakdown of the level 1.0090

GBPUSD
Possible short position in the breakdown of the level 1.2130

 

Source: www.paxforex.com

 

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