Strategy and research analyst on currency pair AUDCAD  11-22-2016 by AzaForex forex broker, make money in foreign exchange by following this advice

Guidelines on how to make money in the foreign exchange market
 In the forex market after the recent fluctuations things started to calm down. Many currency pairs move in the correction, some have gone flat. All are waiting for economic news that will shake the currency market again. Many traders and big investors lose interest in trading due to sagging volatility. But very soon, when the market will react to the next economic news, players will start opening multidirectional positions that would further increase the activity of changes in the price at the currency chart. As for this currency pair, we see that for a long time, the Australian dollar was in a state rising trend against the Canadian dollar. Just recently, the currency pair rate has  fundamentally changed. Even the daily trend support line can't keep the situation. It was broken, with a slight pause after breaking through, and the price has fallen down again, almost without correction. While traders and investors taking profit after a successful mini bearish trend, the price started to make a small rolled back up. We will wait what will happen in the future, because after breaking the trend of support, usually, the price returned to the level of, but as a rule, it is becoming for it the level of resistance. Let's not take hasty decisions, we will put aside an order to sell if the price will be 0.9860 with the target of 100 points.


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 0.9860
•    The level of profit and close the position: 0.9760 (100 pips)


Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0560

Forex currency pair USDJPY 
Possible bullish movement in the breakout of the resistance level 111.40

Precious metal GOLD
Possible bearish movement in the breakdown of the support level 1202
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2520