The price is below the moving average 20 MA, indicating the downward trend.
Average in the MACD came out of the histogram, the histogram 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 1.1120
• Take Profit Level: 1.1000 (120 pips)
• Stop Loss Level: 1.1160 (40 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1200
• Take Profit Level: 1.1280 (80 pips)
• Stop Loss Level: 1.1170 (30 pips)
GOLD
Possible long position at the breakout level 1232
GBPUSD
Possible short position at the breakdown level 1.5500
USDJPY
Possible long position at the breakout level 120.00
USDCHF
Possible long position at the breakout level 0.9360
