Day trading strategies on currency pair EURNZD 2-08-2016 by AzaForex forex broker, tips to improve your forex trading experience

Need some help to start forex trading here are some great tips.
If you look at the charts of the currency pairs, not the naked eye will be evident that the Euro has weakened in all areas of the Forex. The European currency is experiencing stress, which affects its value and not for the better. Even New Zealand dollars, which is not very popular currency, and she now intends to lower the Euro. Therefore, when possible, advise traders and investors to take advantage of the weakness of the Euro that would earn this currency pair in the near future. If figuratively to be expressed, over the Euro hovering clouds, this is what is seen if you look at the four-hour chart. Price recently easily slid down, and we think that this downward rally could again be repeated. Set a reasonable goal, as a continuation of the downtrend in fundamental analysis of the situation on the currency market is not confirmed by analysts.

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: 1.5440
•    The level of profit and close the position: 1.5230 (110 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.3300

Forex currency pair EURUSD 
Possible bearish movement in the breakdown of the support level 1.1210

GOLD
Possible bullish movement in the breakout of the resistance level 1365
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9630