Day trading strategies on currency pair American Express 10-28-2016 by AzaForex forex broker, trade like a pro forex trading tips

Proven advice on trading shares the right way.
Shares of American Express last week greatly increased in price in the stock market. Such a take-off was not followed of strong go-back. Now quarterly reports of companies came out, where profit were higher than the same period last year, which gave additional support to shares. Thus, there is a good prospect for investors to make additional profit on the investment of such speculative product. Nearest important resistance levels not seen on the horizon, so the stock with the price increases may take an additional 200 points to new heights. Traders accumulate orders near the smooth level of 68.00 in anticipation of further impulse and buy signal.


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: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 68.00
•    The level of profit and close the position: 70.00 (200 pips)

Metal GOLD 
Possible bearish movement in the breakdown of the support level 1264

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2070

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9970

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 105.40