Forex Trading recommendation on CADJPY 16-06-2016 by AzaForex forex broker, the broker, what are binary options

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The rate of the Japanese Yen against the Canadian Dollar for a long time was near the support level of 81.70, but bears their onslaught broke through this level. We recorded a long-awaited profit from trading this currency pair and are ready again to open a short position. Now the correction will start and if the Forex traders who trade for a fall of the currency exchange rate will again begin to move price down, we open a short position. If support level is breached 79.80 price will easily make the way to the next support level, and we can put on our trading account an additional 90 points.
 
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 79.80
•             The level of profit and close the position: 78.90 (90 pips)
 
 
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Possible bearish movement in the breakdown of the support level 1.4090
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1190
 
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Possible bullish movement in the breakout of the resistance level 1313
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9680