The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. 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 1271.00 • Take Profit Level: 1260.00 (1100 pips)
If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1280.00 • Take Profit Level: 1285.00 (500 pips)
USDCHF A possible long position at the breakout of the level 1.0200
USDJPY A possible long position at the breakout of the level 112.20
EURUSD A possible short position in the breakdown of the level 1.1225
GBPUSD A possible short position in the breakdown of the level 1.2960
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