The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero level.
The oscillator Force Index is above the zero level in correction.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.5940
• Take Profit Level: 1.6100 (160 pips)
• Stop Loss Level: 1.5890 (50 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.5820
• Take Profit Level: 1.5720 (100 pips)
• Stop Loss Level: 1.5850 (30 pips)
GOLD
Possible short position in the breakdown of the level 1192
USDJPY
Possible short position in the breakdown of the level 122.40
EURUSD
Possible short position in the breakdown of the level 1.1300
USDCHF
Possible short position in the breakdown of the level 0.9147
