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Cisco Systems, Inc. (CSCO/NASD): general review 15 December 2017, 13:29

Cisco Systems, Inc. (CSCO/NASD): general review 15 December 2017, 13:29 Scenario Timeframe Intraday Recommendation BUY ST...

Dec 7, 2017

XAU/USD: Fibonacci analysis 07 December 2017, 12:02


Scenario
Timeframe Weekly
Recommendation SELL STOP
Entry Point 1254.90
Take Profit 1242.00
Stop Loss 1262.00
Key Levels 1242.00, 1255.70, 1265.00, 1266.00, 1279.50, 1297.00
Alternative scenario
Recommendation BUY STOP
Entry Point 1267.00
Take Profit 1279.50, 1297.00
Stop Loss 1257.00
Key Levels 1242.00, 1255.70, 1265.00, 1266.00, 1279.50, 1297.00
На 4-часовом графике цена вторую неделю демонстрирует In the H4 chart the price has been showing a downward trend for the second week in a row. By now it has tested the level of 1255.70 and, according to MACD histogram that is increasing in the negative zone and Bollinger Bands directed downwards, it ready to continue reduction. In case of reversal the price may be corrected to the middle line of Bollinger Bands at 1266.00 (correction by 23.6%).
D1 chart is more interesting. The price has broken out the lower border of the horizontal channel (around 1265.00) within which it has been trading since September. By now the quotes have potential for further reduction to the gathering of corrections at 1242.00 (50,0% for W1, 76,4% for D1). However, to do so they would have to break through the upward fan. The key area for the “bulls” is 1265.00 (gathering of 38.2% correction for W1 and 61.8% for D1). In case the price returns to the side channel, growth may continue to 1279.50 (correction 50.0% for D1, middle line of Bollinger Bands) and 1297.00 (gathering of corrections 23.6% for W1 and 38.2% for D1). Indicators show mixed signals. MACD histogram is growing in the negative zone. Bollinger Bands start to diverge confirming the formation of the downward trend. However,   Stochastic has entered the oversold area which may cause the formation of a buy signal.


Trading tips
Sell positions should be opened below the level of 1255.00 with target at 1242.00 and stop-loss at 1262.00.
Alternative scenario
Buy positions may be opened if the price consolidates above the level of 1265.00 with targets at 1279.50, 1297.00. Stop-loss should be placed around 1257.00

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