The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 122.75
• Take Profit Level: 121.85 (90 pips)
• Stop Loss Level: 123.05 (30 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 123.10
• Take Profit Level: 123.70 (60 pips)
• Stop Loss Level: 122.90 (20 pips)
GOLD
Possible long position at the breakout level 1157
GBPUSD
Possible long position at the breakout level 1.5720
EURUSD
Possible long position at the breakout level 1.1300
USDCHF
Possible short position at the breakdown level 0.9550
