Forex Trading recommendation on CADCHF 20-04-2016 by AzaForex, smart tips for building a smarter foreign exchange plan

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The Canadian Dollar was able to approach the resistance level. Although the indicator does not show strong strength, the bulls still have a chance to go through the level and cause damage to the Swiss Franc. Given the nature of the currency pair, its movement on the waves of Forex is not pleasing to the common trends. Therefore, the motion is likely to be stretched in time.
 
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: 0.7600
•             The level of profit and close the position: 0.7730 (130 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1245
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.3890
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9580
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4420