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 1.2090
• Take Profit Level: 1.1990 (100 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2250
• Take Profit Level: 1.2300 (50 pips)
GOLD
A possible short position in the breakdown of the level 1402.00
USDCHF
A possible long position at the breakout of the level 0.9975
EURUSD
A possible short position in the breakdown of the level 1.1030
USDJPY
A possible long position at the breakout of the level 109.30
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 1.2090
• Take Profit Level: 1.1990 (100 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2250
• Take Profit Level: 1.2300 (50 pips)
GOLD
A possible short position in the breakdown of the level 1402.00
USDCHF
A possible long position at the breakout of the level 0.9975
EURUSD
A possible short position in the breakdown of the level 1.1030
USDJPY
A possible long position at the breakout of the level 109.30