The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.100
• Take Profit Level: 16.450 (350 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 15.900
• Take Profit Level: 15.800 (100 pips)
GOLD
A possible long position at the breakout of the level 1430.00
USDCHF
A possible short position in the breakdown of the level 0.9840
GBPUSD
A possible long position at the breakout of the level 1.2485
USDJPY
A possible short position in the breakdown of the level 107.50
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.100
• Take Profit Level: 16.450 (350 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 15.900
• Take Profit Level: 15.800 (100 pips)
GOLD
A possible long position at the breakout of the level 1430.00
USDCHF
A possible short position in the breakdown of the level 0.9840
GBPUSD
A possible long position at the breakout of the level 1.2485
USDJPY
A possible short position in the breakdown of the level 107.50