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 6.2900
• Take Profit Level: 6.2200 (700 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.3900
• Take Profit Level: 6.4100 (200 pips)
GOLD
A possible long position at the breakout of the level 1426.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible short position in the breakdown of the level 1.2410
USDJPY
A possible long position at the breakout of the level 108.80
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 6.2900
• Take Profit Level: 6.2200 (700 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.3900
• Take Profit Level: 6.4100 (200 pips)
GOLD
A possible long position at the breakout of the level 1426.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible short position in the breakdown of the level 1.2410
USDJPY
A possible long position at the breakout of the level 108.80