The price is below the moving average 20 MA and 200 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 0.7640 • Take Profit Level: 0.7540 (100 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 0.7700 • Take Profit Level: 0.7750 (50 pips)
GOLD Possible short position at the breakdown level 1328.00
GBPUSD Possible short position at the breakdown level 1.3970
EURUSD Possible short position at the breakdown level 1.2230
USDJPY Possible long position at the breakdown level 108.10
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