The price is below the moving average 20 MA and 200 MA, indicating the downward trend
MACD is below the zero line.
The oscillator Force Index is below the zero line in correction.
If the level of support is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 0.9067
• Take Profit Level: 0.8940 (127 pips)
• Stop Loss Level: 0.9110 (47 pips)
If the price rebound from support level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9167
• Take Profit Level: 0.9242 (75 pips)
• Stop Loss Level: 0.9140 (27 pips)
GOLD
According to the recommendations GOLD open long position
USDJPY
Possible short position at the breakdown level 119.63
EURUSD
Possible long position at the breakout level 1.1450
GBPUSD
Possible long position at the breakout level 1.5820
