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 the zero level.
If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 3.5100 • Take Profit Level: 3.4800 (300 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 3.5400 • Take Profit Level: 3.5500 (100 pips)
GOLD Possible long position at the breakout level 1299.00
GBPUSD Possible long position at the breakout level 1.3360
EURUSD Possible long position at the breakout level 1.1920
USDCHF Possible short position in the breakdown of the level 0.9770
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