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 122.00
• Take Profit Level: 120.80 (120 pips)
• Stop Loss Level: 122.40 (40 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 122.45
• Take Profit Level: 123.70 (125 pips)
• Stop Loss Level: 122.10 (35 pips)
GOLD
Possible short position at the breakdown level 1173.20
GBPUSD
Possible long position at the breakout level 1.5790
EURUSD
Possible short position at the breakdown level 1.1130
USDCHF
Possible long position at the breakout level 0.9330
