Forex Trading recommendation on EURNZD 8-06-2016 by AzaForex forex broker, prop trading, trading platform

To become successful at foreign exchange trading follow this advice.
Euro exchange rate can not rise in relation to the New Zealand dollar. All attempts of the bulls ended in failure. The Euro again approached the level of support. If the price can pass this level, you can fall even lower to the next level of the level of 1.6100. Although the Euro exchange rate and growing against other currency pairs in the Forex market, the new Zealand dollar looks stronger. So expect a real breakout support and join the bears.

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 1.6220
•             The level of profit and close the position: 1.6100 (120 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4500
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1253
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1400
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9630