Forex Trading recommendation on EURCAD 15-04-2016 by AzaForex,  foreign exchange market knowledge for beginng traders

Check out the forex trading tips below and increase your forex gains with these excellent tips. Euro falls in value against all currency pairs on the Forex. Now the price approached the support level. Canadian dollar ready to break through this level. The bears are determined. If you do not come out of optimistic news, the euro may fall.
 
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 1.4370
•             The level of profit and close the position: 1.4170 (200 pips)
 
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1230
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1223
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9690
 
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 109.80