Technical Analysis #C-COFFEE : 2020-03-02

IFC Markets

Master Trader
Oct 31, 2012
1,938
10
84
London (Great Britain)
www.ifcmarkets.com
IndicatorValueSignal
RSINeutral
MACDBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy
Bollinger BandsBuy
Chart Analysis
IFC Markets Tech Analysis

We do not rule out a bullish trend if COFFEE: D1 rises above its last maximum: 113. This level can be used as an entry point. The stop loss is possible below the 200-day moving average line, the last two lower fractals and the Parabolic signal: 99. After opening a pending order, the stop loss can be moved following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, more risk-averse traders can change to a four-hour chart and set a stop loss, moving it in the direction of the trend. If the price overcomes the stop level (99) without activating the order (113), it is recommended to close the position: market sustains internal changes not taken into account.

Fundamental Analysis
Coffee sales in South Korea increased by 2.2% up to $ 1.1 billion in 2019. Will COFFEE quotations grow?