Forex Trading recommendation on GBPCHF 14-06-2016 by AzaForex forex broker, live oil prices, trading company

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TThe British Pound continues its downward dive. More recently, we opened short positions on this pair, which have already reached the goal, and we got profit. Judging by the fact that nothing really has changed in the attitudes of traders and investors in the Forex market, this pair may fall further in price. The graph shows that the price could be kept at the level of 1.3600, only thanks to smooth price level of support level. If the bears continue their onslaught the pound can stay alone. The Swiss franc looks stronger and therefore in case of breakdown of the support level, we again go short.
 
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 1.3600
•             The level of profit and close the position: 1.3460 (140 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4100
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1200
 
GOLD
Possible bullish movement in the breakout of the resistance level 1287
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9615