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 price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.5910
• Take Profit Level: 1.5810 (100 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.6040
• Take Profit Level: 1.6100 (60 pips)
GOLD
Possible long position at the breakout level 1267
GBPUSD
Possible short position at the breakdown level 1.4440
EURUSD
Possible short position at the breakdown level 1.1320
USDCHF
Possible short position at the breakdown level 0.9570
