Day trading strategies on currency pair USDCHF 19-08-2016 by AzaForex forex broker, solid suggestions to enhance your forex trading plans

Helpful tools and tips for foreign exchange traders.
Previous analystics about movement of this currency pair in the forex market was correct and we were able to earn 90 points. Once profit is fixed, you can review and re-entry for this currency pair if the price on the chart goes further down. We can have more profit, because the dollar could still fall further in price to the next support level. The US dollar has weakened very recently on the currency market. Different currencies improved their positions in the forex due to the weakening of the US dollar quotes. The Swiss franc has always been considered as a safe and predictable currency, and now, investors prefer to invest in the currency, rather than in risky US dollar. But it will not last long. If you have noticed that in the forex market all trading tools have come into correction and break-even movement. The market is marking time, the trends are not evident. Usually it is normal market condition after the good moves, when traders were taking profit and re-evaluating the possibility of opening new positions. Forex brokers note that trading volume is also usually drop at that time. So we'll be careful, waiting for our pending order to work, and we'll monitor the situation of premature profit taking if something goes wrong.

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: 0.9530
   The level of profit and close the position: 0.9450 (80 pips)


Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.3080

Forex currency pair EURUSD 
Possible bullish movement in the breakout of the resistance level 1.1365

GOLD
Possible bullish movement in the breakout of the resistance level 1356
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 99.50