Day trading strategies on currency pair EURAUD 14-07-2016 by AzaForex forex broker, forex advice you must know to make money

Foreign exchange trading follow these basic steps.
The Euro was once again reduced to a strong support level. Already five times the price of the graph fit and strong rebounds from the level of support for the Australian dollar. The price moves slowly but surely down. Can bulls reverse this trend in the depreciation of the Euro on the Forex market and take the initiative into their own hands again, and as before, pick up quotes? So far the situation with this pair does not cause optimism among traders. Investors are also not particularly in a hurry to invest in the European currency. May be this level once again test the strength of the bears and will be broken and turn into a strong resistance level, which does not give the Euro though as the chance will soon recover from such a blow. Now we are ready to continue the downward trend and set a pending order for sale. Forex has always been distinguished for its unpredictability, but we'll be ready for any scenario. The main thing for a trader is to have a reliable Forex broker that clearly and without slipping will perform its market and pending orders to sell the currency pair. Trading with AzaForex you will always be assured of quality performance of your transactions, and will be satisfied with their lucrative trading.
 
 
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 1.4425
•             The level of profit and close the position: 1.4225 (200 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.3070
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1020
 
GOLD
Possible bearish movement in the breakdown of the support level 1322
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9790