Analysis of CHFJPY 17.01.2019

17 Jan. 2019
Analysis of CHFJPY 17.01.2019

🔸The price is below the moving average 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero level.
The oscillator Force Index is below the zero level.

🔶If the level of support is broken, you shall follow recommendations below:

🔸Timeframe: H4
🔸Recommendation: Short Position
🔸Entry Level: Short Position 109.60
🔸Take Profit Level: 108.60 (100 pips)

🔶If the price rebound from support level, you shall follow recommendations below:

🔸Timeframe: H4
🔸Recommendation: Long Position
🔸Entry Level: Long Position 110.30
🔸Take Profit Level: 111.00 (70 pips)


GOLD

Possible long position at the breakout of the level 1298.00

USDJPY

Possible short position in the breakdown of the level 108.60

EURUSD

Possible short position in the breakdown of the level 1.1370

GBPUSD

Possible long position at the breakout of the level 1.2900
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