Forex trading recommendation on GBPCHF 17-05-2016 by AzaForex forex broker

Forex trading recommendation on GBPCHF 17-05-2016 by AzaForex forex broker: Some advice for struggling foreign exchange market

Learn
foreign exchange trading tips to help your continued success.

The British
Pound, according to our previous trading recommendations, reached the goal. The
Swiss franc was not able to withstand such an onslaught of bulls. Given that on
the Forex market, the quotes of the Pound began to change rapidly in growth, we
can assume that investors do not stop on the achieved results. The breakout of
the resistance level is quite possible the pair to new heights.

The price
is above a simple moving average 200 MA and 20 MA indicating bullish trend.

The MACD
trend indicator is above zero level now, indicating bullish movement.

If the
resistance level is broken you can use the following recommendation:

•             Chart timeframe: H4

•             The trade recommendation: Buy

•             The level of entry into long
position: 1.4220

•             The level of profit and close the
position: 1.4340 (120 pips)

Metal GOLD

Possible
bearish movement in the breakdown of the support level 1270

Forex
currency pair EURUSD

Possible
bullish movement in the breakout of the resistance level 1.1345

Forex
currency pair USDCHF

Possible
bullish movement in the breakout of the resistance level 0.9800

Forex
currency pair GBPUSD

Possible
bullish movement in the breakout of the resistance level 1.4530