Day trading strategies on currency pair AUDUSD 30-08-2016 by AzaForex forex broker, top tips and strategies for trading on forex

Keep the profits rolling in the foreign exchange market with these tips.
News that came out on Friday has shocked the forex market. For many currency pairs the movement on the chart stayed still. The volatility has increased, prices have begun to change dramatically, but these movements didn't went into the trend direction, and returned to the original price before the start of this news shock. This shows that price changes were only strong reaction of traders and investors who did not know what to expect from the foreign exchange market and in panic began to buy and sell currency, Gold and Silver. If the news were with strong economic basis, we would now see on the stock charts serious trend that would only be gaining momentum this week. But, unfortunately, this did not happen, and the majority of speculators who tried to get lucky and get in a good medium-term movement remained with nothing. Only scalpers were able to capitalize on these vibrations, since they does not take big profit and go out quickly from the market. Well, that will be trade as it is. Today only Australian and US dollar can be technically analyzed.

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: 0.7520
•    The level of profit and close the position: 0.7430 (90 pips)


Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1155

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 102.50

GOLD
Possible bearish movement in the breakdown of the support level 1314
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9815