The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9530
• Take Profit Level: 0.9330 (115 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9600
• Take Profit Level: 0.9620 (90 pips)
GOLD
Possible long position at the breakout of the level 1247.50
EURUSD
Possible long position at the breakout of the level 1.1400
USDCHF
Possible long position at the breakout of the level 0.9670
GBPUSD
Possible short position in the rebound from the level 1.4370
