Analysis of McDonalds 23.10.2019

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 198.80
• Take Profit Level: 195.00 (380 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 202.20
• Take Profit Level: 203.00 (80 pips)


USDCHF
A possible short position in the breakdown of the level 0.9835

USDJPY
A possible short position in the breakdown of the level 108.20

EURUSD
A possible short position in the breakdown of the level 1.1110

GBPUSD
A possible short position in the breakdown of the level 1.2830