Day trading strategies on currency pair AUDNZD 26-08-2016 by AzaForex forex broker, advice that will help in reaching your forex goals

Make more profit on foreign exchange by following this advice.
The New Zealand dollar began its victorious movement in the Forex market in relation to the Australian dollar and other currency pairs, which it is trading in cross. This movement is not strong, but steady. And taking into account that today very strong news on the US economy are expected to yield and Fed Chairman Yellen speech expected together with Index of consumer expectations - all this combined can greatly shake the stock market after several day’s sleeping. Now it's time for currency market to choose the direction. It is sad and boring to look into computer screen and watch quotes graphics similar to the rhythm of the heart, as the dying patient has. Especially because such low volatility movement do not give good money, they eat traders deposits, because no matter where you turn in, which way the currency market do not choose, you still will not get anywhere. Only strong trend movements can replenish deposit account of any Forex broker. Many traders sit for days waiting for news package which will be able to wake up market from hibernation. Today is such a trading day, and we must be fully prepared to take advantage of all profitable opportunities of market speculation.

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: 1.0390
•    The level of profit and close the position: 1.0300 (90 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.3270

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 100.20

GOLD
Possible bullish movement in the breakout of the resistance level 1327
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9640