Forex Trading recommendation on GBPCHF 20-05-2016 by AzaForex forex broker

How to trade successfully in the world of foreign exchange.
The British Pound continues to win in the Forex market against all currencies. We have earned a growing movement of this currency pair. Now the price has stalled at the level of resistance, and apparently, the traders and investors take profit now, which explains a small pullback. But given the scale of growth will, in all probability it can be assumed that, after the resistance level of 1.4500 price will easily jump up by 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: 1.4500
•             The level of profit and close the position: 1.4600 (100 pips)
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1243.40
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1170
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9920
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4660