The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 7.8500
• Take Profit Level: 7.7500 (1000 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 8.0000
• Take Profit Level: 8.0400 (400 pips)
GOLD
Possible long position at the breakout of the level 1301
EURUSD
Possible long position at the breakout of the level 1.1780
USDCHF
Possible long position at the breakout of the level 0.9690
USDJPY
Possible short position in the breakdown of the level 108.60
