Forex trading recommendation on USDCHF 16-05-2016 by AzaForex forex broker

Forex trading recommendation on USDCHF 16-05-2016 by AzaForex forex broker: Try this great advice for forex trading

Tips on being a top foreign exchange trader.

The us dollar again tries the strength of the
resistance level of the Swiss franc. More likely, the price is in the range,
but still there is a chance that the bull will want to change the situation on
the Forex market. When you break through the resistance level, most likely,
strong and powerful change rate of the currency pair, we will not see, but,
nevertheless, we will be able to earn around 100 points.

The price is below a simple moving average 200
MA and 20 MA indicating bearish trend.

The average came out of the MACD histogram,
indicating bearish movement.

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

•             Chart
timeframe: H4

•             The
trade recommendation: Sell

•             The
level of entry into short position 0.9780

•             The
level of profit and close the position: 0.9880 (100 pips)

Forex currency pair GBPUSD

Possible bearish movement in the breakdown of
the support level 1.4330

Metal GOLD

Possible bullish movement in the breakout of
the resistance level 1284

Forex currency pair EURUSD

Possible bearish movement in the breakdown of
the support level 1.1280

Forex currency pair USDJPY

Possible bearish movement in the breakdown of
the support level 108.40