Day trading strategies on the currency pair USDCAD 07-10-2016 by AzaForex forex broker, simple tips to help you understand foreign exchange

Tips for avoiding an unpleasant run with forex.
The British Pound during the Asian session just dropped down like a stone against all currency pairs that are traded with it. In the Forex market all got insane, puzzling why there was such a sharp and strong fall. Forex brokers see a very strong volatility both in the Asian session, and after the opening of trading in Europe.
 
At the background of the strong exchange rate changes, we focus on the currency pair of US and Canadian dollar, which in recent times, is in sideways, although previously was a great trending tool. Maybe this shake of Forex currency market can move the flat. Now this pair achieved the 1.3300 resistance level and after passing it the next resistance level will be only in 150 points. Therefore, during the passage of the quotes we open a long position.
 
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: 1.3300
The level of profit and close the position: 1.3460 (160 pips)
 
Metal GOLD 
Possible bearish movement in the breakdown of the support level 1249
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2200
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9830
 
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1100