Forex Trading recommendation on USDCAD 12-05-2016 by AzaForex forex broker

Forex trading advice on what your plan needs.
It seems that the U.S. dollar began to lose the initiative in the Forex market. The Canadian dollar after sharp changes in its course, still found the strength to change the situation on the currency market. The impression that the bulls lost the initiative and bears here will continue the downtrend with a new force. The indicator had already begun to show not a big change in the trend.
 
The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The average came out of the MACD histogram, 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 1.2820
•             The level of profit and close the position: 1.2700 (120 pips)
 
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4370
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1267
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1450
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9670