Strategy and trading analysis on shares of the company American Express 1-31-2017 by AzaForex forex broker, the personal forex trading tips you need

American Express recently enriched its membership of the Board with John Brannon, which has a huge experience in Vanguard investment company. Another step forward was the opening of the new operating center in Sunrise. The positive news is that the company will employ more than 3,000 people in this room. Last week, after the release of its financial statements, the company's shares nearly stamped on the spot. According to the report, the income from each share now stands at 5.63. But the optimism of the market was added by KfW, updating the target price from 81 dollars to 91 dollars. Following the announcement, the stock began to rise gently and closed at 76.82 dollars. The technical summary of shares actively encourages us to buy them. For several days the stock moves in a growing trend in the stock market. We have previously done a trading recommendation to buy shares in this company, and choosing the size of the target, greatly underestimated the potential earnings. Now we re-enter the market with a long position if the price is able to overcome even the level of 78.00. Price as a ruler, came up to it, and bounced twice already. Now, this will be the third assault. If you draw a trend line support and resistance trend line, in front of our eyes will be visible line, which, as a textbook, show a growing movement in the price corridor. Our target is 150 points, just is in this range that does not go beyond it. So, we wait and see how the big investors will behave and whether traders will join them in this bullish trend.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: 4 H
•    The trade recommendation: Buy
•    The level of entry into long position: 78.00
•    The level of profit and close the position: 79.50 (150 pips)

GOLD 
Possible bullish movement in the breakout of the resistance level 1207

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2400

Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9900

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 113.10