The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is above the zero levels.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 50.70
• Take Profit Level: 49.70 (100 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 52.00
• Take Profit Level: 52.50 (50 pips)
GOLD
A possible long position at the breakout of the level 1578.00
USDJPY
A possible short position in the breakdown of the level 110.10
EURUSD
A possible short position in the breakdown of the level 1.0825
GBPUSD
A possible long position at the breakout of the level 1.3070
