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 15.60
• Take Profit Level: 14.40 (120 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 16.20
• Take Profit Level: 17.00 (80 pips)
GOLD
Possible short position in the breakdown of the level 1122
GBPUSD
Possible short position in the breakdown of the level 1.2230
USDJPY
Possible long position at the breakout of the level 117.80
EURUSD
Possible short position in the breakdown of the level 1.0420
