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 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 3.7000
• Take Profit Level: 3.6300 (700 pips)
If the price rebound from support level, you shall follow recommendations below
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 3.8000
• Take Profit Level: 3.8200 (200 pips)
GOLD
Possible long position at the breakout of the level 1265
GBPUSD
Possible long position at the breakout of the level 1.3050
USDJPY
Possible long position at the breakout of the level 111.80
USDCHF
Possible short position in the breakdown of the level 0.9690
