Forex Trading recommendation on GBPCHF 10-05-2016 by AzaForex

Simple ways to improve your foreign exchange trades
The British Pound is again trying to raise its value against the Swiss franc. The previous offensive, the bulls in the Forex market has been stopped on a level 1.4200. This time, it seems that investors and traders are optimistic and raise the rate again. Perhaps the second wave will not be as actively growing, but in the case of breakdown of the level has the potential to earn over 100 points.
 
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 1.4060
•             The level of profit and close the position: 1.4200 (140 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1259
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1400
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9740
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4460