Forex Trading recommendation on GBPCHF 5-04-2016 by AzaForex

Smart tips for building a smarter foreign exchange plan.
Bearish trend is in full swing. Emboldened by the victories, the bears put pressure on the price with a new force. At that level there are no levels that could pause the price from further rally down.
 
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.
The oscillator Force Index is below zero level now, indicating the strength of bears.
 
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: 1.3500 (100 pips)
 
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 111.20
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4160
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1340
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9550