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  • #29747
    Super Forex
    Participant

    GBP/AUD & the Expected Explosion

    We have a rule on the Forex market that says that after any isolation comes an explosion in prices – either up or down – and many traders always search for isolation areas and wait for the price to break this area to enter the market.
    The GBP/AUD currency pair has been trading within a tight trading area between 1.6827 and 1.7152 for a month. We saw the current account from the UK which came this morning in positive figures at -25.5B compared with the previous one at -28.7B and most of the news released in the past few days came in positive. This means the GBP currency is still steady against the AUD at 1.7026 at this moment and we see the pair touching the SMA 50 which represents a support area for the pair.
    If we drew the Fibonacci retracement from 1.7796 to 1.7560 we will see the pair is trading around 61.8% which is telling us the pair will decline in the next few days but we have the wait for the breaking down the referred area on the chart below.
    The turbo trend indicator in the middle window gave us a brown color signal, so we can expect the pair to start a down wave, and the RSI indicator confirmed that.
    The Next Few Days
    From this analysis we can give you our expectations about the pair’s movement: it may decline to 1.6850 after breaking the SMA and if it breaks the 1.6820 it might decline to 1.6580 as a first target.

    • This topic was modified 4 months ago by  Super Forex.
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  • #35463
    Super Forex
    Participant

    NZD/USD: Short Review & Analysis
    Today we would look at the development of the exchange rate between the New Zealand and the American dollars. Previously the pair moved within the 0.6860-6990 frame, but we saw the pair take a bullish turn as it broke above 0.7000 and it even reached the important level of 0.7100. The bullish influence continued in full heat and new heights were reached at the levels of 0.7250-0.7350, which serves as the pair’s sell zone.
    The NZD/USD then finally returned to a bearish movement and dropped to 0.6960. This proved to be a weak support, as the pair tends to return to the border of the buy zone 0.6860, where we started. After touching this level the pair began climbing back up from 0.6960.
    As the pair seems to be oscillating between these levels, we have opportunities to both buy and sell it at important intervals. Watch out for the pair dropping and also for it rising to 0.7100. This still provides a lot of resistance and the NZD/USD has struggled to overcome it. If it does success, it will likely go up to 0.7250.
    At the moment of the publication of this article the pair has retreated to 0.6956 and most indicators agree that this is a strong sell.

    Read more reviews at https://superforex.com/analytics

  • #35280
    Super Forex
    Participant

    NZD/JPY: short market review and forecast

    The NZD/JPY rates is in the frames of rapid downward trend. However, the new Zealand dollar had stopped falling and consolidated in the range 76,0 – 76,76 JPY. Yesterday it’s been received important statistics related with 2 currencies. Economic statistics from New Zealand, positively impacted the NZD. The consumer price index grew in 2.2% year on year, exceeding forecasts. It is also the highest annual growth rate since 2011. For the 1st quarter of the year the index grew in 1%, slightly exceeding forecasted 0.8% level. At the moment, that was enough to stabilize the exchange rate of the NZD. In a week, the market expects new data about trade balance of New Zealand that may affect the value of the NZD.
    On the other hand, the trade balance of Japan, already known, and taking into account seasonal fluctuations, amounted to only 0.17 T, although it was expected that this indicator will be 3 times more, and will be at 0.61. That’s disappointed investors, although overall the economy of Japan is at good level. Volume of exports and imports grew, and exceeded predicted forecasted values. This also becomes the main growth factor of the Japanese economy in the future. Investors expect growth by 1% in 2017.
    At this moment, the oscillators MACD, Stochastics, the RSI are neutral. It should be noted that since April 10, we can see formation of the flat trend, thought at the moment, it is early to say about ending of the downtrend. There’re no enough preconditions for that. You should pay attention to the points of entry 76.75 and 76.2 JPY. At the moment, upon medium-term trading, it is recommended to open the short deals on the trend.

    Read more at https://superforex.com/analytics

  • #35138
    Super Forex
    Participant

    The EUR/JPY Review & Forecasting Uptrend

    Since March 13 the EURJPY currency pair has changed the direction and became strongly down and it declined since this day till yesterday around 790 pips, so large number or big loss for the pair, but after yesterday close I think the pair finished the bleeding journey and will start rising now, so if you want to make money read all this report till the end.
    Firstly, we have so strong support area and the prices gave us the buy signal let’s take a look at the chart:

    1. The rising wave after the Brexit on June 24 till the top on Dec 15, the pair has reached to 61.8%, and it’s the golden correction percentage and expected the pair will rise from there.
    the smaller rising wave from Feb 27 till March 13, the pair has reached to 161.8, the golden extension percentage.

    2. The rising trend line from July 6 which the prices touched it 4 times before and rose, the prices have touched again this week and expected to rise again.

    3. On the daily chart, yesterday candle is bullish engulfing candle which refers to the uptrend.

    The Next Few Days

    From this analysis on daily we can buy the pair now at 115.95 and keep our first target at 118.20 and the second one at 120.10 especially after we saw the RSI indicator give buy signal and rose to 37 level.
    This week we don’t have any hot news from the European Union or even from Japan but be careful from any unusual news can change the market direction.

    Read More at https://superforex.com/analytics

  • #35025
    Super Forex
    Participant

    AUD/CAD: review and forecast
    The upward trend of the AUDCAD chart, which steadily continued amid decreasing of oil prices and other factors, is in the risk to be completed. Rising of oil prices and strengthening the USD allowed the canadian currency to strengthened amid disappointing statistics on the economy of Australia. The support line has been broken and greatly displaced down. So, now we can see that the downtrend is formed, though it’s early to talk that current upward trend is over. It can be restored next week. Australian currency may take again the initiative, considering that in the near future, the market is not expected any important data on the canadian economy.
    At the same time, next week, we expect important information from China and New Zealand, which may impact the value of the Australian currency, as Australia is a leading trade partner of these two countries. Yesterday, the AUD has increased significantly during 1 day – with 0,997 – up to 1,008 CAD thanks to latest information about economy of China, where in March, exports grew 16.4% year-on-year, and imports by 20%. In particular, imports from Australia grew by 74.8%. Also, positively impacted the strengthening of the Australian dollar, strong statistics on a labour market – recent report of the Australian Bureau of statistics show “the employment change” indicator was 60.9 K, against predicted 3 times less 20.
    Today, we can’t expect some volatility on the market because of Easter’s holiday in Australia and Canada. So the the rates of the AUD/CAD probably will come to consolidation phase, but in Monday trading will be more active and probability of a price correction will increase. Oscillators give mixed signals, but in the current situation, low volatility in the market, we can pay attention to the entry points 1,0072 and 1,0085. At the moment, upon medium-term trading, we’d recommend to open the deals to SELL, trusting the Stochastics oscillator.

    Read more at https://superforex.com/analytics

  • #34877
    Super Forex
    Participant

    [b]The GBPCAD in Crossroads & H4 Chart[/b]

    When you take a look at daily chart for the GBPCAD currency pair, you will see that we have the last 3 candles are bearish candles which led the pair to 1.6513 the lowest level in two weeks after it recorded the highest 1.6798 in this month and for minutes ago the CPI released from the UK and came as the previous one at 2.3% and better than the forecasting figure at 2.2%, after this news the GBPCAD rose more than 55 pips to trade now around 1.6560.

    [img]http://www.imghost.in/img/2017-04/11/ls31zfoncd439e9jxt1fa7ry4.png[/img]

    The pair is trading inside a wedge since last November and I think it’s the time for the breaking, when we look at the pair on smaller time frame like H4 we see the pair touched the lowest level and we can’t predict now it will break it or will back to rise again, the Stochastic indicator is in oversold levels it means we can buy the pair from here.

    [b]The Next Few Days[/b]

    From this analysis on daily and h4 chart we have to wait for a bullish candle on H4 chart and buy the pair and place our take profit at 1.6650 at the resistance level and around the SMA and the next target at 1.6760, but if the pair didn’t form a bullish candle and broke the wedge down we can sell it and keep our target at 1.6300.
    We have to be careful in the upcoming days regarding hot news like the overnight rate and monetary policy from Canada in addition to BOC press conference.

    [img]http://www.imghost.in/img/2017-04/11/7kfzwatlwvbqlt6kd4em4nqi6.png[/img]

  • #34732
    Super Forex
    Participant

    USD/SEK – review and short term forecast.

    The rates of the USD/SEK is in the frames of upward trend. Dollar continues also to strengthen against the Krone, this week. It should be noted about unusually high volatility for this currency pair. Positively impacted the dollar a strong statistics from the USA this week. Employment in the agricultural sector increased to 263К against forecasted 187К. The number of applications for unemployment allowance dropped significantly to 234 thousand. It’s been predicted reductions the number of applications from 258 to 250 thousands. In addition, received information about the reduction of the trade deficit: from – 44,8 – up-to -43,6. Also, it has been noticed the FED representatives, who said that current situation in the US economy is not only allows to increase the interest rate, but need it in the near future.
    As for the Sweden, the market has not received new information that could affect the value of the Swedish Krona. At the moment there are only data for February. The most significant of them are increased volume of orders in industry by 12% and the growth of industrial production at 4.1% in February, year-on-year. Trade balance has been fixed at almost zero value, and in the period December 2016 – February 2017 amounted -0.6 billion SEK.
    At this moment the most optimal can be the deals on the trend, which in the medium term can generate some profit. We can expect achieving the level 9.05. Oscillator MACD also show potential to growth. Though probability of a price correction remains high, but opening the short deals, seems less promising at the moment.

  • #34645
    Super Forex
    Participant

    Tesla CFDs Review & Forecast
    Most traders prefer to trade with currencies and don’t pay attention to the possibility to earn on the shares of leading companies. If you trade with currencies, you need to analyse many factors, which often contradict each other. All this requires much of your attention, knowledge and skills as a trader. Even if you are a trader with years of experience, the risk of losses is high. In contrast, trading with contracts of difference (CFDs) is much simpler.

    We offer you to start trading with CFDs now in order not to lose an opportunity to get profit. We would like to direct your attention to the shares of TESLA. This young company is growing rapidly and has enormous potential. Now everything becomes predictable as never. Volatility becomes high and it is possible to make good money. The company is rapidly increasing its production of electric cars, becoming more and more profitable. In its 14 years of operations, TESLA is near in value to the cost of Ford Motor, which is more than 110 years old.

    We can confidently expect that in the future this company will become the world leader of the automotive industry amid the comprehensive transition to electric cars and the desire to save the environment. Nowadays, even countries like China are beginning to use electric cars. All car manufacturers are increasing the volumes of electric cars production; the demand for electric cars is rapidly growing. Everybody understands that electric cars are the future of the automotive industry. This will certainly increase the value of TESLA’s shares – in fact, it is increasing rapidly right now.

    On the chart of the #TSLA, you can see an incredibly rapid upward trend. Nowadays you won’t see anything like that. We can say for sure that this trend will continue in the future. We are waiting for further rapid growth, giant hikes and price corrections, which you can use to earn a profit with any trading strategy, both long- and short-term.

    Thousands of traders have already noticed the potential of TESLA and trade on it actively. Now you can join them and trade profitably with #TSLA today.

    We wish you luck in your trades!

    • This reply was modified 2 weeks, 1 day ago by Jacob Maas Jacob Maas.
  • #34513
    Super Forex
    Participant

    Technical Outlook for USDJPY & Daily Chart

    Since the Federal Reserve increase the interest rate last month and the US Dollar is in constant decline against the Japanese Yen from the highest level in the last two months at 115.49 to trade now at 110.40 it means more than 500 pips loss.

    The USDJPY currency pair is trading now in series of corrective waves in a price channel which will lead the prices to make a correction movement to 50% and 61.8% Fibonacci, but we have a key support level at last month’s lowest prices that in case the pair broke it down we can take sell positions to make profits.

    The MACD indicator is still giving us a sell signal and the bars are below the 0 value, the RSI didn’t give us the oversold sign yet, it means the pair will lose more pips.

    The Next Few Days

    From this analysis we can sell the pair now at 110.45 with small lot size and increase it once the pair broke the 110.15 level and keep our first target at 50% Fibo at 108.85 and the second one at 106.50 which reflect the 61.8% Fibo that in case the pair still trading below 111.70, if it broke 111.70 up we can buy it till 113.40.

    We have to be careful in the upcoming hot news like the ISM nonmanufacturing PMI and the FOMC Meeting next Wednesday and the Non-Farm and jobs report on Friday

  • #34264
    Super Forex
    Participant

    EUR/AUD: short review and forecast

    The rates of EUR/AUD are in the frames of new upward trend, which has formed a month ago. The Euro strengthened against the U.S. dollar and many other currencies, including the Australian dollar (AUD). During the last few weeks we have not received any important information that would affect the Australian currency. The data that were on the market, were not enough. The iron ore prices are stable, the price of gold rising, but the price of copper is under the pressure due to increased volume of extraction. Positive statistics from Japan, the statements from China about plans to develop trade and economic relations with Australia, couldn’t impact and strengthen the Australian dollar against the Euro. Thus, we can expect that the uptrend will continue in the near future.
    the Euro is on the rise this days. It’s strengthened against the USD, as D. Trump’s reforms face with huge resistance in the U.S. Congress and successfully block all possible ways. In addition, the Eurozone, last week received a positive statistic that shows stability and growth in economy of the leading EU countries. The Eurozone PMI in March, achieved the record level for 6 years, reaching 56.7 pips. Record PMI also in Germany and France, separately. All this inspired investors, and EUR now seems more stable amid the USD, despite the official start of Brexit.
    Oscillators indicate different signals. but in this situation, it is better to open the deals by the upward trend as Stochastics oscillator also confirmed and indicated good moment to open the deals to BUY.

  • #34203
    Super Forex
    Participant

    EURJPY Technical Outlook & no more Bears in the Market

    Our recent report about EURJPY on March 14, we recommend you selling the pair around 122.50 when it was trading nearly to the downside trend line and we saw the pair has declined more than 300 pips and achieved our targets so today we’ll have a look the same pair again because it maybe change the future trend.

    The pair is trading now at 120.10 which is strong support area because it has a trend line which has started on October 21, and it has too a correction percentage 61.8% Fibonacci from the rising wave which started from 118.20 to 122.85 so, we predict to move up a little in this tight area, but the pair is still trading below the SMA50 which is resistance moving level, the MACD is still in sell signal but the Stochastic indicator made accumulation movement and gave us a buy signal which is considered an early signal for us.

    The Next Few Days

    From this analysis, we can close our sell positions with +320 pips and take a buy order after the pair touched the rising trend line and keep our first target at 120.80 and the second one at the downside trend line at 122.15 that in case the pair still trading above 119.30

    This week the market doesn’t have hot news from the EU or Japan so the market will be in poor volatility in the next trading days.

  • #33987
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/USD on 23.03.2017. The daily chart
    [b]General analysis
    [/b]At the end of last week currency pair EUR/USD has broken through the resistance level at 1.07800.
    Over the last month, this level was a significant barrier of the price growth. Meanwhile the resistance 1.07800was an upper bound of the price channel 1.07800-1.05500. After breaking through the level the price has fixed above the level and now it shows so called “back testing”.
    According to the rules of technical analysis the possible price movement due to the penetration of the resistance line is measured by channel height. So we can see the dollar at 1.08500 in the near future.
    Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.
    [b]Next few days
    [/b]We recommend to open long positions on EUR/USD after the start of the upward movement from support at 1.07800. The point of entry must be sought at hour and half hour timeframes. You can open a buy position after formation of “doji” near the support or other reversal figures.
    We recommend to set up S / L order at 1.07500.

  • #33942
    Super Forex
    Participant

    NZD/JPY: short market review and forecast

    After the brief flat trend, the rates of the NZD/USD has returned to the downward trend. The Japanese yen continues to strengthen, while the New Zealand dollar is losing positions against all currencies.
    In particular, JPY has got support thanks the published data about the increased volume of exports, which in February rose by 11.3%, while the import grew only by 1.2%. Trade balance, adjusted for seasonal fluctuations, was 0,68. These indicators exceeded the forecasts and show good potential for the Japanese economy.
    For the NZD we haven’t received any data which could impact the rates and change the situation for NZD. Last week, data about GDP only disappointed investors more because the growth was only 0.4%, against expected growth 0.7%. But today we expect important data from the RNBZ and their decision about the interest rate. It is expected that interest rate won’t be changed and left at 1.75%. Also, on Friday will be information about the volume of exports and imports in New Zealand. Investors are positive in these indicators, in particular, expect a positive trade balance for the first time since June 2016.
    Considering the forecasts for the NZD, it is possible to assume that in the evening we expect a price correction as a minimum. The New Zealand dollar will stop falling, and the quotes will go to the resistance line. Oscillators MACD and Stochastics unanimously confirm that now the best moment to open the deals to BUY, upon short-term trading.

    • This reply was modified 1 month ago by  Super Forex.
  • #33582
    Super Forex
    Participant

    AUD/CAD: fundamental review and forecast

    The rates of the AUD/CAD continue in the frames of uptrend which has been formed in the beginning of the year. The canadian dollar is under the pressure of the record low oil prices this year. The price of oil fell for the week from 54 to 48 dollars per barrel for CL/WTI, contrary the forecasts for further stabilization of the market amid reduction of oil production. OPEC continues to say that the countries who joined the Agreement on the reduction of oil abide it in 90%. However, this somehow allows Saudi Arabia to increase oil production. Signals about increasing of oil production coming to the market regularly, and investors react it. In any case, the USA not even going to reduce oil extraction: the number of drilling rigs increases, and hence the volume of oil production will only be increasing. In such conditions, whatever OPEC do, they will not be able to stabilize oil prices.
    Positive employment data in Canada, in particular, the increasing of the number of jobs at 15300 against the forecasted 2500, the level of unemployment at 6.6%, against forecasted 6.8%, couldn’t change the situation for CAD. The rapid decline in oil prices was too rapid for the canadian currency.
    The Australian dollar feels against the canadian more confident.
    The market reacted positively to the RBA’s decision to leave interest rates unchanged. Yesterday, AUD was further supported by encouraging new statistics on the economy of China, where the volume of investment in basic capital was 8.9%, which is a very high and shows investor’s confidence in China’s economy, despite the negative aspects, such as data on the trade deficit of China for the first time in 3 years, and decreasing in exports.
    On the AUD/CAD chart, we can’t see the signs for trend reversal. Oscillator MACD is neutral. Stochastics expects a price correction, and offers to open a short deals against the trend. Such deals may be effective upon short-term trading. In addition, the price correction is expected on the oil market, which can support CAD. But upon the medium-term trading it is better in this situation to open the deals to BUY.

    • This reply was modified 1 month, 1 week ago by  Super Forex.
  • #33265

    Superforex is not approved broker I see why?

    • #33583
      Super Forex
      Participant

      Superforex is not approved broker I see why?

      What do you mean?

  • #33261
    Super Forex
    Participant

    Technical analysis of the currency pair GBP/USD on 09/03/2017. The daily chart

    General analysis
    Over the past month the currency pair GBP/USD had been sideways movement in the frame of long-term downward movement.
    Right now, here is probability of formation the market turning point and the continuation of the downward movement. At the moment, the price is trading in the range of 1.2130 – 1.2760
    Of course, it would be safer for us to trade after a confirmation about the rebound from the significant level of support at 1.2130. But, unfortunately, not everything goes the way how we want to. The beginning of the continuation of the downward movement most likely already began and we should have time to “jump into the departing train”.
    Current situation on the daily chart
    During the last two trading weeks currency pair GBP/USD has been showing a high volatility and decreased by 410 points. Price reached the local level of support at 1.2130 and right now is located close to it.
    A predictions of the course of events in a next few days
    Long positions on GBP/USD is not relevant at the moment and it is probably going to 1.2000.
    Considering presence of medium-term downtrend we recommend open short after a penetration of support level at a 1.2770 with target points on profit-taking at 1.2050 и 1.2000.

    • This reply was modified 1 month, 2 weeks ago by  Super Forex.
  • #32932
    Super Forex
    Participant

    Technical analysis of the currency pair AUD/USD on 02/03/2017. The daily chart
    General analysis
    Currency pair Australian dollar / US dollar over the past few months shows a clear up trend without any significant corrections. Upward movement started from the beginning of 2017 and at present makes 600 points. However, last week the price reached the 0.7700 resistance level which for almost a year make a serious impact on the price movement.

    A large number of times the price bounced back from this level and never being able to overcome.
    At the moment, the price reached to the 0.7700 resistance level ones again and two indicators show a confirmation of a signal to sell at the same time – the Stochastic and moving average (14).

    Stochastic shows a clear divergence for the last few price peaks, which is also a signal to sell short the AUD / USD.
    Also, the price crossed the moving average (14) from top to bottom and successfully entrenched below the line, which also indicates a bearish trend.

    We recommend to open short positions on the currency pair AUD / USD with the target points profit taking at levels 0.7570 and 0.7520.

  • #32827
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/USD on 28/02/2017. The daily chart
    General analysis
    Since the beginning of February the rate for the currency pair EUR/USD has started to decline and now approached to the support level – 1.0550.
    Level 1.0550 acted as resistance level for the price previously, also the price tested it on both sides and now the price again has approached the level of 1.0550 and the decline has stopped. Last fall to this support was the last week and price successfully strayed up from it.

    This week the price again approached to the level of 1.0550 and the last two daily candle closed as a “doji” thereby forming a bottom.

    Also today we should pay attention to news coming out of the USA, for today we going to see the publishing of the data about the United States GDP, Consumer Confidence rate and the speech of the President Trump. Usually the output of such data has a significant impact on the market movement.

    We recommend expected major news from the USA and if there will not big surprises open the deal to buy after formation of a “double bottom” at the level of 1.0550.

    • This reply was modified 1 month, 3 weeks ago by  Super Forex.
  • #32585
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/СHF on 21/02/2017. The daily chart

    General analysis.
    From the moment of opening of the market this week currency EUR/СHF pair is trading without significant volatility and practically without any growth or decline. Right now, the price is located at the same level as it was at opening time on Monday – 1.0665. On the graph, we can see a clear upward movement during the last week without any corrections. At the moment, the price is approaching to the support level on the mark 1.0630 and we have all the reasons to expect a «rebound» from it.
    Traders should attentively follow the market in next few days and after receiving confirmation about the “rebound” from the level opens long deals with a medium volume.
    Stochastic indicator shows the movement of the signal lines in the overbought zone and at the moment we see them crossing of it and the penetration level 20 from the bottom up, that is a signal to buy.
    Next few days
    Today, it is too early to open long since the bottom of the downward movement was not formed yet and there is a high probability of “false breakouts”. But at the same time, it is too late to open long.
    We recommend opening for buy after the bottom formation at the level of 1.0630 with target points of taking profit at the mark 1.0670. Order S/L can be set up by 20-30 points lower than the downward movement bottom.

  • #32508
    Super Forex
    Participant

    USD/JPY: Technical Overview during Dollar Holiday

    The US dollar rose last Friday against most major currencies ahead of the President’s Day long weekend which would end today, but the Japanese yen was stronger than the dollar, so the pair recorded a new low last week at 112.55.

    The USD/JPY pair is trading now at 113.10 after it declined to the lowest price last week at 112.55 to retest the broken trend line and rose back again. Now the pair is trading between the demand zone at 111.80 and the resistance area at the SMA at 113.32 so we have to wait for the pair break the SMA and close H4 candle above it to buy the pair. The RSI indicator is giving us a buy signal and so does the stochastic indicator.

    The Next Few Days

    Based on this analysis we can buy the pair once it breaks the SMA and trades above it – we should keep our first target around the previous top at 114.70 and the second target at 161.8% Fibonacci from the last down wave from 114.92 to 112.59, so our extension percentage will be at 116.20, unless the pair breaks the trend line again and trades below it, in which case we would sell the pair to 109.40 at the 50% fibo from the uptrend wave which started on September 27.

    We have to keep an eye out for any economic news that may effect the market such as the FOMC meeting next Wednesday and Unemployment Claims on Thursday.

  • #32400
    Super Forex
    Participant

    Technical analysis of the currency pair AUD/USD on 16/02/2017. The daily chart

    General analysis
    During this week the price of the currency pair AUD/USD has risen slightly more than 130 points and came close to the support level at 0.7700.

    If we consider US dollar in a global market we can note that price for this currency increases in relation to all the main quotes but nevertheless now we see a pause in the growth and soon we expect a correction against the general uptrend.

    Recently the price has already approached several times to the level of support at 0.7700 and all the times it was an insurmountable wall for the currency pair and the price could not break it.

    Comparing the Stochastic indicator chart with price graph we can see a clear divergence which was formed last Friday. Such trading signal on the daily chart and with and rising market it is quite strong signal to sell the US dollar and it cannot be ignored.

    Next few days
    Considering the overall situation in the market for the US dollar, price closeness to a significant support level 0.7700 and the presence of divergence in the graph we have all the signals for the opening of sales for AUD/USD.
    The general trend is still increasing but today there is the most favorable situation to play on the rollback of the price.

    During this week, we are likely to see a decrease to at least 0.7610 or even further to 0.7500.

  • #32291
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/USD on 14/02/2017. The daily chart

    General analysis.
    The January increase for the currency pair EUR / USD was completed and now we are back into the medium downtrend. From the beginning of February, the price dropped 250 points and is now trading at around 1.0635. The closest support level for the euro will be the support of 1.0550.
    Earlier in early February the price of successful break below the moving average 14 and fixed below the line therefore determining the trend at the moment as the downward.
    Chart of Stochastic indicator also indicates a decrease. Two signal lines are directed down and located in the overbought zone.
    Considering the overall picture for the EUR / USD, we can confidently expect a further decline at least to the support 1.0550 and possibly even lower. The correct decision will be to open short positions down to support 1.0550 and after that make further analysis of the situation in case of breakdown or rebound from this level.
    When you play the short you should pay attention to the volume level. If volumes will continue to grow with an approximation to the level of support level, then most likely we will see a breakdown and a further decline. But if the volume will decrease, the best solution is to take profit and open a new position after making new analysis.

  • #32112
    Super Forex
    Participant

    [b]AUD/CAD: short review and forecast
    [/b]
    Since the beginning of the year, the Australian dollar began a steady growth, which led to the formation of a new uptrend. it was unexpected by many investors who think the value of the AUD is overvalued, taking into account recession in the Australian economy, in particular the decreasing of the business activity index to 5, and decreasing of the share’s prices of mining companies in Australia. Mainly, the reason for the growth of the Australian currency was the canadian dollar, which during this time did not exert any pressure on the AUD. Canada’s economy is stable, though it doesn’t show some growth. But unstable oil market, the risks for further decreasing in oil prices and the USD rates make pressure on the CAD value.
    Despite worries about overvalued Australian dollar, it looks better enough and keeps growing. This confirmed by the Reserve Bank of Australia, who believes the slowdown in growth is a temporary and expects an improvement in economic indicators. So at the meeting, the RBA left interest rates unchanged, thereby maintaining the currency at a high level. Also, positively impact has had information about the growth of China’s economy and it has good perspectives for increasing export volumes.
    At this time, the oscillators MACD and Stochastics are neutral. The most optimal in this situation is to open the deals on the trend, upon medium-term trading.

  • #32047
    Super Forex
    Participant

    EUR/USD: Time to Trade & Make a Profit
    This year we are likely going to have a lot of political events in the European Union, which would make the EUR/USD the most highly volatile trading instrument on the market. There are going to be elections in Germany and France, the results of which can have the same economic impact as the results of the Brexit vote or Donald Trump’s presidential victory in the United States. It is expected that the election campaign in Germany and France can only increase the chances of victory of the opposition forces which promise to change radically the political and economic strategy of their countries. One of the presidential candidates in France, Marie Le pen, for example, intends to withdraw the country from the Eurozone and to raise the question about a possible withdrawal from the EU, which are some of the most radical changes at all.
    Regardless of the outcome of the elections, the markets will work in the conditions of political uncertainty and react to all statements by politicians during the election campaign. Additionally, the policies of Donald Trump will only increase the volatility of major currency pairs. This year we can expect with a certainty many trend reversals and many extremely high spikes.
    This process begins now. You can easily make 200-1000% profit now if you act quickly! All you need to do is follow news and the election process, and try to correctly guess the outcome. We would be right there with you, every step of the way with our analyses of major instruments and potential opportunities. Trading on Forex has never been so interesting – make a deposit now to take advantage of the volatility and quickly make a profit!

  • #31579
    Super Forex
    Participant

    Technical analysis of the currency pair USD / CHF on 31/01/2017. The daily chart
    General analysis
    The price of the currency pair USD / CHF continues to decline and the yesterday tested the support level 0.9950. This fall began in mid-December last year and since then the price has dropped almost 400 points. During the last week price has been approached to the 0.9950 level several times and here again, the price came close to this mark, and closed above the level.

    Earlier 0.9950 level acted as resistance to the price through which the price could not get through for a long time. Now we expect the same effect from a given level only as of the level of support. Therefore, we can expect prices rebound from 0.9950 support.

    Given the fact that the overall trend still is downward and indicator gives us sell signal transactions with the rebound from the level should be opened quite carefully. It is necessary to wait for confirmation of the rebound of at least two candles and only after this to open the transaction for the purchase.

    Next few days
    We recommend to open the transaction on buy after a rebound from 0.9950 support the target points of profit taking will be the moving average line (14) on the daily chart, as well as the level of 1.0060.

  • #31353
    Super Forex
    Participant

    Daily analysis for the currency pair EUR/GBP on 26.01.2017.

    General analysis

    Currency EUR / GBP pair continued to decline and during this week, has already dropped for almost 200 points. At the moment, the price of the euro declining versus all major quotes and most likely this will continue at least until the end of this month and possibly even further.

    As we predicted earlier the intersection of the price and simple moving average (14) on a daily chart was an excellent signal for sell.

    Even given the fact that now is forming a fairly steep downtrend and there is a high probability of correction, sales EUR / GBP is still promising.

    Schedule Stochastic indicator to be in oversold zone, indicating a clear advantage of the sellers.

    Next few days

    We expect a continued of the decline for EUR / GBP at least until the end of January. Target points of profit taking on sales will be the support level of 0.8300.
    There is a possibility of formation of correction against the downward movement so given this fact, the most favorable is opening of the position after the correction is over.

    By calculating the depth of the correction, we recommend to orient on the Fibonacci correction levels – 23.6%, 38.2%, 50%, 61.8%.

  • #31215
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/USD on 24/01/2017. The daily chart

    General analysis.
    On the background of the general weakness of the US dollar currency pair EUR / USD continues to rise and now has reached the level of 1.0780. The growth started from the very first days of January and continues until today.

    On Monday 23 January, the price approached the level of resistance at 1.0800. The last time the price was in near the mark is in the middle of December 2016, that time price had been bounced of the resistance 1.0800 which marked the beginning of a serious decline.
    Given the general downtrend for the EUR / USD we can expect a repetition of such a scenario and a second rebound is quite likely to be happened.

    The earlier opened long positions most desirable to close today at the market price.

    Stochastic indicator shows an upward movement and the signals lines is located in overbought zone.
    As a confirmation of such scenario will be the signal of the intersection of the signal lines and exit of the overbought zone from top down.

    Next few days

    We recommend opening the deal to sell with a given currency pair while receiving confirmation of the rebound from the level 1.0800.
    As a confirmation, will be performing a few daily candles closed below this level.

    A targets for the price decrease will be 1.0650 and 1.0600.

    Note: This article is provided in the form of recommendations for trading and SuperForex Company is not responsible for the result of transactions made by you based on this analysis.

    Please be aware that CFD and FX trading on margin carry high levels of risk. Traders should ensure they understand the risks associated with leveraged CFD and FX trading before deciding to trade.

    • This reply was modified 3 months ago by  Super Forex.
  • #31025
    Super Forex
    Participant

    The daily chart of EUR/GBP currency pair 19.01.2017.

    General analysis
    After a substantial decline on Monday 17/01/17 Currency EUR / GBP pair is back in the frame of the price channel 0.8700 – 0.8340 and yesterday’s daily candle closed below this level. Movement on Tuesday was about 170 points and was due to the overall growth of the British currency. The price of the British pound was also increased against all major quotations.

    So far it is difficult to assert unambiguously about the role of level 0.8700 will it be a significant obstacle for the price for the price or not. But in the case of back-testing of it from the inside of the channel and rebound from it traders will be good reason to play on the slide.

    Comparing the Stochastic indicator chart with price graph we can see a clear divergence which was formed last Friday. Such trading signal on the daily chart and with and rising market it is quite strong signal to sell Euro and it cannot be ignored.
    Signal lines of Stochastic indicator has been crossed and demonstrates a clear buy signal.

    [b]Next few days
    [/b]Considering the overall situation in the market for the Euro and price closeness to a significant resistance level at 0.8700 and the presence of divergence in the graph we have all the signals for the opening of sales for EUR/GBP.
    The general trend is still increasing but today there is the most favorable situation to play on the rollback of the price.

    During this week, we are likely to see a decrease to at least 0.8575 or even further to 0.8500.

    We recommend to open sell position on EUR/GBP if the price goes below than 0.8650 with a target points for profit taking at 0.8575. Orders S/L we need to set up at 30-50 points above the enter point.

    This article is provided in the form of recommendations for trading and SuperForex Company is not responsible for the result of transactions made by you based on this analysis.
    Please be aware that CFD and FX trading on margin carry high levels of risk. Traders should ensure they understand the risks associated with leveraged CFD and FX trading before deciding to trade.

    • This reply was modified 3 months ago by  Super Forex.
  • #30545
    Super Forex
    Participant

    Technical analysis of the currency pair EUR / GBP on 10/01/2017. The daily chart

    General analysis
    On Monday 09/01/17 currency pair EUR / GBP continued its grow by forming big rising candle with by 100 points. Also, according to the results of yesterday’s session the resistance level 0.8700 has been broken. Price was able to pass this mark and consolidate above the resistance level.

    We are not expected major news from the Eurozone today so that the news background will be unusually quiet.

    The graph of Stochastic indicator shows the clear upward trend.

    Next few days

    Break of the resistance level 0.8700 and fixing prices above indicates potential buy for
    EUR / GBP.
    However, given the propensity of this currency pair to form false breakouts and the mixed signals from the indicator we can conclude that the opening of sale should be made only after receiving confirmation of the breakdown and fixing of the price above the resistance level at least with two candles.

    The immediate goal to capture profits on above 0.8700 will be the level 0.8900.

  • #30392
    Super Forex
    Participant

    Analysis on the currency pair EUR/JPY
    Today, all the world is waiting the jobs report from the USA after the Fed raised the interest rate in Dec 2016 for the second time after 12 months from the first one, and it’s expected that this report will effect on all symbols even EURJPY which we’ll analyze today.
    The EURJPY currency pair is trading now around 123.00 key resistance area which is in the middle zone between 38.2 and 50% fibo from the correction wave which started after the Brexit so, it maybe raise to 125 and back to down again the medium term trend but in the short term we’re expecting that will touch the upper limit of the wedge and back again, but the SMA 50’s slope is horizontal that’s mean the pair don’t have the power to resume the movement.
    The RSI and Stochastic indicators still giving us buy signs so we’ll wait for the sell signal to enter the market.
    The Next Few Days
    We can sell the pair when we see it around 123.50 and make our first target at 121.90 and if the pair broke the wedge we have to sell it again to 119.00, but on the other side if it broke it up we can buy it to 125.
    We have to be careful from the Non-Farm report today from the USA at 13:30 GMT Especially when we listened one of the statements from the FOMC minutes on Wednesday was the possibility of unemployment undershooting the level at which the central bank believes it should settle at in the long term.

  • #30337
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/СHF on 05/01/2017. The daily chart
    General analysis
    During the past two weeks the currency pair EUR / CHF continues to move sideways and has formed maximum at 30.12.16 – 1.0760. However, last trading week closed with a couple of black candlestick with a big body and it is contrary to growth opportunities.
    The first trading days of the current week was held under the auspices of the bulls and now we can see a return to growth.
    Price has not been able to go below support 1.0690 by forming a rebound from this level.
    A few weeks ago the price has already been successfully beat off from support level 1.0690. After obtaining several signals from other tools and indicators we can confidently expect the beginning of growth.
    Next few days
    Currency pair EUR / CHF is already moving sideways for a long time and at the moment we have a lot of reasons to expect the test of the upper boundary of the channel at 1.0790. However, given the resistance level at 1.0750 there is the probability forming of the peak and further decreases to the bottom of support 1.0690.
    After after overcoming of local maximum at 1.0750 we can consider to open a long deals with targert points by 1.0790.

  • #30188
    Super Forex
    Participant

    USD/SEK – review and short term forecast.
    At the moment, the market a calm due to New year’s holidays. Market activity will be restored after completion of all holidays for at least a week. But by the end of the current week we expect important data from the US about the oil reserves, the unemployment level, which may slightly revive the market.
    On the chart of the USD/SEK we can see that the rates are in the frames of the uptrend, but there are perspectives of a trend change. Since November, has forming a flat trend. The support line has shifted and now it’s in the horizontal position. Also on the chart we can see a trend reversal figure, however, at the moment the preconditions for a trend reversal is not enough. On the one hand, USD has not yet reached its peak and may continue to grow and strengthen in the new year, on the other hand, there are no preconditions for the strengthening of the SEK. The growth course of the Sweden economy has slowed, but the Riksbank decided to leave the refinancing rate unchanged on a very low level.
    Oscillator MACD shows a signal to open buy deals. This is the right decision upon medium-term trading.

  • #30081
    Super Forex
    Participant

    Technical analysis of the currency pair EUR/USD on 03/01/2017. The daily chart

    General analysis.
    Currency pair EUR / USD continues to move sideways during the whole last week.

    It should be reminded that not so long time ago the price has broken through the major support level 1.0520 and the price successfully fixed below it. Then it was back testing of this support but in time of testing there was a sharp surge in activity therefore the price has risen almost to 1.0670 but then during the same day again fell below the 1.0520 support.
    Considering the overall picture of the graph EUR / USD where we can emphasize a clear downward trend and the presence of such sell signals as: break through the price channel boundaries, back testing of it we can expect that further decline in this currency pair will continue.

    Schedule Stochastic indicator turned inside the neutral zone and demonstrates the downward movement.

    The following points to reduce the EUR will be the levels 1.0200 and 1.0180.
    We recommend opening the deal to sell with the average lots and placing orders S / L above 1.0650.

  • #30016
    Super Forex
    Participant

    SuperForex Company wishes all traders a Happy New Year!
    The next year, we wish you to have only profit trades. We hope that the spirit of the holiday will bring you closer with your loved ones and fill your heart with kindness.
    Happy Holidays!

  • #29902
    Super Forex
    Participant

    Crude oil (CL/WTI): review and forecast for the near month

    Oil prices for the last few months were under the influence of the USD rates and events related with OPEC and making of the Agreement on reduction of the crude oil extraction. Implementation of Agreement should begin since January 2017, so the market is awaiting whether the Agreement will be executed by all countries-exporters. Investors remain optimistic for a while and the prices continues increasing. In particular, yesterday the price of oil reached a 17- month high.
    In the near future, the prices can vary, depending on the implementation of the Agreement on reduction of oil extraction. In January, the market will be awaiting information about the volume of oil production, and only toward the end of the month investors will be able to draw certain conclusions. It’s not cost to expect significant price spikes until this moment – probably the rates will be in the frames of the current uptrend. The price can reach the level of 55-56 per barrel for the Light sweet/WTI.
    Oscillators MACD/Stochastics show a signal to open short deals, but at the moment, trading against the trend is not the best decision. It’s be better to open the deals to BUY because there’re no enough preconditions for a trend reversal and the prices have not reached yet the real maximum.

  • #29882
    Jacob MaasJacob Maas
    Keymaster

    Please share your expectations for EURUSD and GBPUSD for 2017.

    • #29903
      Super Forex
      Participant

      We will post EUR/USD 2017 forecast tomorrow

      • This reply was modified 3 months, 4 weeks ago by  Super Forex.
  • #29840
    Super Forex
    Participant

    Technical analysis of the currency pair USD / CHF on 27/12/2016. The daily chart

    General analysis
    Over the past seven trading days, the pair USD / CHF is moving sideways after the formation of peak at 1.0340. The price has been approached to resistance level 1.0340 for a third time but was never able to overcome it. Last time the price was in the area of the mark 1.0340 in November 2015 after which began a long sideways movement where we are today.

    The prospect of breaking through the 1.0340 resistance for the pair USD / CHF is large enough.
    We can see it on the fundamental data from America and Europe and by the help of technical analysis on the graph as well.

    Most likely we will see two scenarios of further developments for USD / CHF:

    Scenario #1: Break of 1.0340 resistance and exit from the sideways movement.
    In this scenario, the transaction to buy should be opened after the formation of the confirmation of the breakout with a few candles up.
    The objectives of the profit will be levels 1.0430 and 1.0450.

    Scenario #2: Rebound from 1.0340 and resistance and reduced within the side channel.
    Now the price has suspended its growth near resistance 1.0340 and began to form a correctional movement.
    In case of breaking the support level of 1.0180 the price is likely to continue to decline within channel and when this scenario, the sales will be relevant below the 1.0180 with target points of profit taking at 1.0085 and 09950.

  • #29794
    Super Forex
    Participant

    GOLD (XAU/USD): Review & Monthly Forecast

    Last month the downward trend on the Gold’s chart intensified strongly. The strengthening of the dollar has brought down the price for Gold. The strong dollar became the most attractive tool for investors, which is why demand for metals didn’t increase significantly. The rates have decreased until the levels from January 2016. At the moment, the value of the Gold is $1130 – $200 less than what it was just two-three months ago.

    Now the drop in the value of Gold has stopped for a week and has kept this level. The incresing demand in Russia, India and China has a positive impact of Gold prices. When the price of the yellow metal is at a low level countries tend to buy it in larger quantities, but this has led to a strong consolidation of prices at the current level. Anyway, it’s not worth it expecting further rapid decreases in the prices as before.

    On the chart we can see that the quotes are in the downtrend which was formed in September, but we can note that the resistance line is strongly shifted to the bottom. Probably in the next few months a flat trend can form, but it is too early to speak about the formation of a new trend. The gold will continue to be under the pressure of the strong U.S dollar, which will remain more attractive for investors in the near future. The price can decrease again. Oscillators appear neutral. Given that there are no prerequisites for the growth of gold prices, the most optimal move is to open short positions on the trend in medium-term trading.

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