Forex Trading recommendation on EURNZD 9-06-2016 by AzaForex forex broker, intraday trading, forex broker

After the news the New Zealand Dollar soared to just quotes all charts in relation to all currency pairs on the Forex market. The traders who guided our trading recommendation failed to capitalize on this movement of 120 pips, but the price has continued its movement of about 90 points. Now traders and investors took profits, so the Euro have stopped its decline, but after such a sharp price changes, it is possible to count on a second wave. We will wait for further depreciation of the Euro and after breaking the support level of 1.5910 join the bears with a goal of 100 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 1.5910
•             The level of profit and close the position: 1.5810 (100 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4440
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1267
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1320
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9570