The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is at the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.6570
• Take Profit Level: 0.6470 (100 pips)
• Stop Loss Level: 0.6600 (30 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.6620
• Take Profit Level: 0.6700 (80 pips)
• Stop Loss Level: 0.6590 (30 pips)
GOLD
Possible short position at the breakdown level 1160.50
GBPUSD
Possible short position at the breakdown level 1.5360
USDJPY
Possible long position at the breakout level 121.80
USDCHF
Possible long position at the breakout level 0.9970
