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 7250.00
• Take Profit Level: 6800.00 (45000 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 7700.00
• Take Profit Level: 8000.00 (30000 pips)
GOLD
A possible short position in the breakdown of the level 1487.00
USDJPY
A possible long position at the breakout of the level 108.80
EURUSD
A possible short position in the breakdown of the level 1.1105
GBPUSD
A possible short position in the breakdown of the level 1.2835
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 7250.00
• Take Profit Level: 6800.00 (45000 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 7700.00
• Take Profit Level: 8000.00 (30000 pips)
GOLD
A possible short position in the breakdown of the level 1487.00
USDJPY
A possible long position at the breakout of the level 108.80
EURUSD
A possible short position in the breakdown of the level 1.1105
GBPUSD
A possible short position in the breakdown of the level 1.2835