Day trading strategies on currency pair GBPCHF 10-08-2016 by AzaForex forex broker, make more profit on foreign exchange by following this advice

Simple tips to succeed at foreign exchange trading.
GBP became weaker. For all currency pairs in the Forex market, which has  cross-rates with a pound, can be seen on the charts that it continued to lose its value. With some currency pairs this fall is faster, with some slower, but overall GBP downtrend continues. This is similar to the second wave of the downtrend. Usually, after a sharp fall of the currency pair there is a correction in a few days, and if the course does not grow again by more than 30%, it is possible to expect continuation of the main downward movement, because in 70% of cases this happens. And yet, there is no signs or serious movement of traders and investors to raise the rate on the previous height. Therefore, if our analyst would be true, then we can make money, at least not on a large but more or less clear continuation of the trend. If for currency the support will be broken, we will join the bearish traders.

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: 1.2730
•    The level of profit and close the position: 1.2500 (230 pips)


Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2950

Forex currency pair EURUSD 
Possible bullish movement in the breakout of the resistance level 1.1190

GOLD
Possible bullish movement in the breakout of the resistance level 1355
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9760