Forex trading recommendation on USDCAD 18-05-2016 by AzaForex forex broker

Forex trading recommendation on USDCAD 18-05-2016 by AzaForex forex broker: Learning the forex market through these amazing tips

The best
successful foreign exchange earning tips.

The U.S.
dollar is not going to give the Canadian dollar. For several days the pair is
marking time, but doesn't fall down. Near the resistance level and if the Forex
market after news release investors and traders is a lot of optimism, the
currency pair can greatly go up.

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: 1.3020

•             The level of profit and close the
position: 1.3150 (130 pips)

Metal GOLD

Possible
bearish movement in the breakdown of the support level 1269

Forex
currency pair EURUSD

Possible
bearish movement in the breakdown of the support level 1.1254

Forex
currency pair USDCHF

Possible
bullish movement in the breakout of the resistance level 0.9840

Forex
currency pair GBPUSD

Possible
bearish movement in the breakdown of the support level 1.4400