Day trading strategies on currency pair USDCHF 16-08-2016 by AzaForex forex broker, solid suggestions to enhance your forex trading plans

Simple tips to educate you about foreign exchange in the following article.
The US dollar quickly began to fall today. If you open the schedules of currency, you'll see that all the currency pairs that are traded with the US dollar began to rise and the US dollar falls. The same can be seen in the graph on the precious metals - Gold, Silver and Oil chart. Since all of these trading instruments are traded for a US dollar, the commodity market growth is obvious. And the thing is not in improving the economic performance of those countries, whose currencies are traded in the forex market, and not in the popularity and rise in price of the commodity markets. The fact is that the US dollar is very weak. We will not look for the causes of such behavior of the US currency, they can be a lot, just as we puzzle over what happens on the stock exchange, we will miss a good opportunity to make money. Therefore, while the markets are active, it is necessary to seize the opportunities and make deals. Ьake hay while the sun shines-  is a very wise phrase. We chose a couple of US dollar and the Swiss franc, not only because it has a super opportunity, but because we simply do not have time to go for other currency pairs, and are content with what is available. Therefore, set aside an order to break through the support level with no great purpose up to 100 points. The market waits for no one, remember it, and it is easier to jump on a train standing on the platform than the already moving train - it is clear for everybody

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: 0.9630
•    The level of profit and close the position: 0.9540 (90 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2940

Forex currency pair EURUSD 
Possible bullish movement in the breakout of the resistance level 1.1280

GOLD
Possible bullish movement in the breakout of the resistance level 1351
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 100.00