Strategy and research analyst on shares Bank of America 11-17-2016 by AzaForex forex broker, just started in foreign exchange here are a few hints to learn

Simple tips to educate you about foreign exchange and stock market in the following article.
 Strategy and Analysis of our company on the movement of shares of Bank of America was correct. We went into a long position, and earned more than 135 points into our investment portfolio. True, we had to sit in the open position about a month before the price reached its goal. Long-term and medium-term investments, according to statistics, is always more profitable, rather than a short-term trading or intra-day scalping. After the US presidential elections, America's economy showed new trends, thus giving investors who prefer banking sector new opportunities for profitable investment. Bank of America showed a profit of 9.8% over the past month, which has a positive effect on the cost of the shares of the bank and they have already increased in price by 19.8% over the last year. All American financial sector in the stock market in recent days, has significantly increased its capitalization. The profit is directly related to the increase in interest rates, reduction of tax rates, but also because of the more aggressive return of equity. On this background, investors should expect an increase in profit and wait for the structural improvement of macroeconomic trends and new regulations. Now stocks are at their highest level since the 2008 financial crisis.
The stock chart shows that now there is kind of a pause after the strongest growth. After this rally, usually traders and investors of the stock market fix income, thereby stopping the growth. But it only gives traders a good opportunity to calmly go to the market if the price movement continues growing again. Just at the level of 20.20 is a strong resistance level, formed early in 2010. If the thirst for profit will be at the height, price easily will take this level in the second assault. While we wait and watch the behavior of hedge funds and large investors, weather the volume of trading with these shares will increase. If all the trading strategies puzzles will emerge successful, we will buy back the shares of Bank of America with a target of 120 points.

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: 20.20
•    The level of profit and close the position: 21.40 (120 pips)

Precious metal GOLD
Possible bearish movement in the breakdown of the support level 1211

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2500

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0060

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 109.80