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USDTRY Technical Analysis 08/03/2017 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 3.7460
• Take Profit Level: 3.8100 (640 pips)

 

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.3660
• Take Profit Level: 3.3560 (100 pips)

GOLD
Possible short position in the breakdown of the level 1210

EURUSD
Possible short position in the breakdown of the level 1.0540

USDCHF
Possible long position at the breakout of the level 1.0145

GBPUSD
Possible short position in the breakdown of the level 1.2150

 

Source: www.paxforex.com

 

 

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