The price is above the moving average МА 200, indicating an upward trend.
MACD above the zero line.
The oscillator Force Index above the zero level, in the correction.
If the level of resistance is broken, you shall follow recommendations below:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position 1177
- Take Profit Level: 1190 (1300 pips)
- Stop Loss Level: 1172 (500 pips)
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 1174
- Take Profit Level: 1154 (2000 pips)
- Stop Loss Level: 1179 (500 pips)
EURUSD
Possible short position in the breakdown of level 1.0569
GBPUSD
Possible long position from level 1.4900
USDJPY
Possible short position on a rebound from level 121.
USDCHF
Possible short position in the rebound from the level 1.0000.