Home Forex Analysis And Forecasts Analysis USD price increases, we are pyramiding 19/02/2015

Analysis USD price increases, we are pyramiding 19/02/2015

USD price has increased and we opened long position according to our recommendation from 12.01.15. Now the stop loss was transferred on the breakeven, making it possible to add to this direction once more.

The price is above the moving average 20 MA and 200 MA, which indicates an upward trend.
MACD histogram is above the zero level.
The oscillator Force Index over the 0-th level.
 

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

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position  0,9452
  • Take Profit Level: 0,9628 (176 pips)
  • Stop Loss Level: 0,9401 (51 pips)

If the price rebound from resistance level 0.9343, you shall follow recommendations below:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position  0,9395
  • Take Profit Level: 0,9197 (198 pips)
  • Stop Loss Level: 0,9452 (57 pips)

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