Day trading strategies on currency pair EURUSD 19-09-2016 by AzaForex forex broker, lets sort through some clues about forex trading

Helpful tools and tips for foreign exchange traders.
It seems that the Euro exchange rate against the US dollar moved on after so many days of lateral movement. Euro faltered  in relation to many other currency pairs traded on the Forex market. Last week news stirred the stagnant swamp of quotations. As the forex brokers noticed, traders and investors activity has increased and the volume and number of products began to grow rapidly. All these factors made a favorable base for speculative trading in FX. The Euro sank down and gives us the opportunity to quietly enter the market if after the first pulse comes second. Not all markets are now opened and managed to respond to these changes. But seeing such a position on the chart, most likely the majority of traders will join the downtrend. The goal we set on is level of 1.1000, as it has repeatedly become both a level of support and a resistance level, and by itself is a smooth mathematical figure, making it stronger.

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: 1.1145
•    The level of profit and close the position: 1.1000 (145 pips)


Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2985

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 101.90

GOLD
Possible bullish movement in the breakout of the resistance level 1317
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9820