Day trading strategies on currency pair USDCHF 21-07-2016 by AzaForex forex broker, use these great forex tips and tricks

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The US dollar is slowly but surely is moving further and gradually rises in price in relation to the Swiss franc. We can not say that the rate of the currency pair is too much upwards, but the Forex market is now not entirely clear. All currencies in the forex market are going in different directions, and even when it seems that the trend was found, the price on the chart can easily change the direction or go to the lateral movement. Yes, the lateral movements usually take away the trade­r's hard earned money. And there are no indicators or oscillators that could predi­ct when to start flat. Unfortunately, it becomes clear after several unsuccessful entries in the market.
But let us return to our currency pair. It can be seen that the bulls again and again approach the resistance level of 0.9900. This currency pair never was nervious, except when it was officially detached from the Euro rate and caused a strong stir in the foreign exchange market, ravaged several Forex brokers, merged many trad­ers account, and only several lucky traders had astounding opportunity to multiple their deposit. With the passage of this level the dollar price can show a little growth to the strong resistance level of 1.0000. It's just a magic number for many traders. It's like an invisible barrier for millions of investors and banking institutions. When the price is coming to such figures, state financial institutions enter the game, trying to change the situation on the currency market. And nevertheless, we'll try to catch the bird of happiness and a ride along with strong investors to this level.
 
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: 0.9905
•             The level of profit and close the position: 1.0000 (95 pips)
 
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