Day trading strategies on EURUSD 11-10-2016 by AzaForex forex broker, fast and easy ways to make money in the foreign exchange market

A few forex tips that may carry you to success, these advice for those new to foreign exchange trading.
The US dollar, after a little hesitation, regained lost ground and began to strengthen against the Euro. No matter how varied the quotes of this currency pair in the forex market, everything is back to its initial level. But now US dollar has an advantage. If he has not lost in its value and was able to catch up, it means that it has its customers in the face of investors and currency traders, who once again believe in the strength of the US currency. Taking into account that now the quotes did a small pause in a downtrend against Euro, there is a good opportunity to enter the currency market with a short position, if bearish sentiment will still prevail in trade of this currency pair. Although the currency pair Euro-Dollar does not have a strong range of motion of quotations on currency charts, it is still possible to put a modest goal of 85 points, which today is a good income. You can increase the amount of open positions, and put a short stop loss, which would meet all the requirements for risk management. But this step every currency trader should do by his own, because trading currencies in the forex market is the individual decision-making, and therefore means individual responsibility. We only give you a profitable direction of possible movement of the currency pair, according to the experience of our analytical department. So, success in 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 1.0905
•    The level of profit and close the position: 1.0820 (85 pips)


Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2350

Forex currency pair USDJPY 
Possible bullish movement in the breakout of the resistance level 105.95

Precious metal GOLD
Possible bullish movement in the breakout of the resistance level 1290
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9850