The price is below the moving average MA 200 and 20 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 price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position: 44.45
• Take Profit Level: 46.00 (155 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 42.7
• Take Profit Level: 42.00 (70 pips)
GOLD
Possible long position at the breakout of the level 1244.50
EURUSD
Possible long position at the breakout of the level 1.0720
USDCHF
Possible long position at the breakout of the level 1.0000
USDJPY
Possible short position in the breakdown of the level 111.60
