Forex Trading recommendation on GBPCHF 10-06-2016 by AzaForex forex broker, brokerage firms, margin trading

Tips from the masters for trading on forex.
British Pound is very weak in recent days. Also coming referendum on secession of Britain from the European Union is putting pressure on its quotes. Taking this into account, Swiss franc looks more stable. If the currency pair continue falling, this will be not a conquest of the franc, but the weakness of the pound. For several days now the pound is in a downward trend, investors and traders are in no hurry to invest in the British currency. Therefore, if the price will overcome the support level 1.3855, we open a short position.
 
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 1.3855
•             The level of profit and close the position: 1.3735 (120 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4410
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1271
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1280
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9570