The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero levels.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 12.80
• Take Profit Level: 13.50 (90 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 12.00
• Take Profit Level: 11.50 (50 pips)
GOLD
A possible long position at the breakout of the level 1577.00
USDCHF
A possible short position in the breakdown of the level 0.9730
EURUSD
A possible short position in the breakdown of the level 1.0890
USDJPY
A possible long position at the breakout of the level 110.10
