Day trading strategies on currency pair ATT 11-3-2016 by AzaForex forex broker, dabble in foreign exchange and increase your funds with this advice

AT & T company is going through hard times, as the graph clearly shows the value of shares on the stock exchange. Stocks fell sharply and is not going to grow and according to technical analysis just a low support level prevents further decline. The US government has filed a lawsuit against the company AT & T. The Washington Department of Justice has filed a lawsuit to the Antimonopoly Committee against AT & T Inc., DirecTV, alleging that the company engaged in the illegal exchange of information with rival pay-TV operators. Such news does not inspire optimism and confidence to investors for further purchases of shares. As you can see, the technical and fundamental analysis shows the possibility of further collapse of prices. Since we put adequate goal in 90 points after such a strong fall, the aim may be realized. Therefore, as soon as the price drops below 36.20 we enter the market with a short position.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, 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: 36.20
•    The level of profit and close the position: 35.30 (90 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2450

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 102.50

GOLD
Possible bullish movement in the breakout of the resistance level 1308
 
Forex currency pair USDCHF    
Possible bullish movement in the breakout of the resistance level 0.9690