Forex Trading recommendation on USDCAD 26-04-2016 by AzaForex

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The US dollar once again puts pressure on the Canadian dollar. Apparently, the Forex market is dominated by bearish sentiment. The dollar may change again after the break through the support level. On the chart we see the downtrend, so if the breakout level, as well as many traders opened a short position.
 
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.
 
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 1.2585
•             The level of profit and close the position: 1.2440 (145 pips)
 
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4575
 
Metal GOLD
Possible bearish movement in the breakdown of the support level 1232
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1300
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 110.65