Day trading strategies on NZDCAD 11-2-2016 by AzaForex forex broker, helpful advice on trading in the foreign exchange market

Forex trading everything you need to know about the market.
The New Zealand dollar began to rise in price, in FX, in relation to other currencies. It has the character of soft, but steady movement. Now the price is not far from the historic highs of 0.9870. A long time ago, this currency pair has approached close to this level, and it was thrown back in a strong downtrend. But investors and speculative currency traders once again believe in the success of the currency and open long positions that focus on the growth of the currency pair in the forex market. If the price is able to overcome this level, it can get an additional boost, as the new maximum is always accompanied by increased volumes and dynamics of price changes. The goal we set is at a level of 1.0000. This is a very important level, which will focus a lot of different orders and market orders. At this level, the game can start with serious investment companies and government regulators. Therefore, we are not going to tempt fate, and when the price reaches this level, just fix our profit and will get out of the deal.


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: 0.9780
•    The level of profit and close the position: 1.0000 (220 pips)

Metal GOLD 
Possible bullish movement in the breakout of the resistance level 1300

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2360

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 103.00

Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1100