The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is below the zero line.
If the level of resistance is broken, you should follow recommendations below:
Timeframe: H4
Recommendation: Long Position
Entry Level: Long Position 1.4890
Take Profit Level: 1.5000 (110 pips)
If the price rebound from resistance level, you should follow recommendations below:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 1.4780
Take Profit Level: 1.4700 (80 pips)
---------- Post added 08-25-2016 at 04:07 PM ---------- Previous post was 08-24-2016 at 06:29 PM ----------
It should be subject to more weakness towards 1.4746. After which a correction to towards 1.4862 is anticipated. A break of 1.4695 is bearish.
Key Point 1.4772 Entry Point 1.4825
Trendline1 1.4823 Trendline2 1.4823
Elliott 1.4878 Closing 1.4796
Ex-Low 1.4762 Ex-High 1.4878
Projection 1.4762
Supports and Resistance levels
Support1 1.4746 Support2 1.4695
Resistance1 1.4862 Resistance2 1.4928
Pivot 1.4812