Strategy and research analyst on currency pair USDCHF  11-15-2016 by AzaForex forex broker, breaking down the foreign exchange market with effective solutions

Foreign exchange trading does not have to be hard.
The US dollar, after successful offensive on all fronts of forex currency market took a break. The onset of correction after such a rapid movement is a quite predictable development. Considering that the Swiss franc do not has such an active volatility, then stop of the movement of the currency pair near the 1.0000 resistance level it is quite predictable. This flat rate will slow down any movement on all trading instruments, whether the currency pair traded in the forex market and the stock traded on a stock exchange or a futures contract. And now having reached this level and taste it, the pair received a set of differently directed orders, where the bears were victorious. But do not underestimate the growing trend. Now, many traders and investors are fixing the earned profit, thus causing a backflow of quotations. After inhalation always exhale. The next attack may result in breakthrough of this level. And the goal of 100 points, thus, would be real, because at the level of 1.0100 is just a new resistance level. So, during the breakthrough price of 1.0000 we enter the market, opening a long position with a target of 100 profit points.
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: 1.0000
•             The level of profit and close the position: 1.0100 (100 pips)
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