The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.5450
• Take Profit Level: 1.5330 (120 pips)
• Stop Loss Level: 1.5490 (40 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.5500
• Take Profit Level: 1.5590 (90 pips)
• Stop Loss Level: 1.5470 (30 pips)
GOLD
Possible short position in the breakdown of the level 1116.70
EURUSD
Possible short position in the breakdown of the level 1.1286
USDCHF
Possible long position at the breakout of the level 0.9550
USDJPY
Possible long position at the breakout of the level 120.50
