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Trade Recommendation: USDCHF

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The price bounces from the resistance zone formed by the downtrend line and 0.97700 resistance level. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram reverses too and supports downward movement. We have sell opportunity. Pending orders should be placed at 0.97570 level and stop orders at 0.98700 level. Profit targets are 0.95500 and 0.94450 support levels. Don’t risk more than 3% from your deposit in this trade.

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Market: USDCHF
Sell: 0.97570
Stop: 0.98700
Profit Targets: 0.95500 and 0.94450

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Cryptocurrencies

Trade Recommendation: DigiByte

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Based on the daily chart we have a buy opportunity. Possible upward movement is confirmed  by RSI reversal in the oversold zone and MACD histogram. We can use lower time frame for getting a better entry level. If we look at the 4H chart, we can see a bullish divergence at the support level. It gives us a trend reversal signal. MACD supports upward movement. We can place pending orders for buy at 0.00000220 level with stop orders at 0.00000150 level. Profit targets are 0.00000300 and 0.00000450 levels. Also the part of long positions can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Market: DGBBTC
Buy: 0.00000220
Stop: 0.00000150
Profit Targets: 0.00000300 and 0.00000450

The trading signal is based on Poloniex chart.

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Recommendations

Trade Recommendation: EURCAD

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The daily chart for the EUR/USD gives a bearish signal. The price bounces from the resistance zone formed by the SMA100 and 1.48000 resistance level. We can open short trades on the 4H chart based on a breakout signal. If price drops below the 1.47000 level, it will be a confirmation of further downward movement. MACD lines give a bearish signal. DMI allows to open short trades. Entry level is 1.46800 and stop orders should be placed at 1.47600 level. Profit targets are 1.45500 and 1.44600 levels. Don’t risk more than 3% from your deposit in this trade.

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Market: EURCAD
Sell: 1.46800
Stop: 1.47600
Profit Targets: 1.45500 and 1.44600

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Cryptocurrencies

Trade Recommendation: Syscoin

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The market bounced from the support level and broke SMA100. It gave us a trend reversal signal. MACD and DMI support upward movement. We can use the local swing high and a breakout signal for opening long trades. Entry level is 0.000037 with stop orders below the support at 0.000022 level. Profit targets are 0.000050 and 0.000060 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Market: SYSBTC
Buy: 0.000037
Stop: 0.000022
Profit Targets: 0.000050 and 0.000060

The trading signal is based on Poloniex chart.

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Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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