Author Topic: SuperForex company news - Superforex.com (Read 16858 times)

SuperForex · « **Reply #255 on:** »

The pair is still in a corridor.
Our pair has been in a corridor for several weeks already. Volatility in the pair is limited by the current boundaries of the corridor.
The morning data on building permits exceeded the forecasted figures and amounted to 6.4% instead of 1.1% in June.
More information see here

Cokoye · « **Reply #255 on:** »

SuperForex · « **Reply #256 on:** »

Despite many negative factors, we can expect oil prices to be restored at least to the level of $70 in the near future. The deals to BUY seem the most effective now.
The rates continue within the upward trend, despite the presence of many factors that have a negative pressure on the value of oil.
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Cokoye · « **Reply #256 on:** »

SuperForex · « **Reply #257 on:** »

The pair overcome the resistance level.
At the moment the US dollar continues to strengthen against the basket of major currencies. For the third day in a row the dollar index shows growth and at the time of writing the article is at the mark of 94.72.
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Cokoye · « **Reply #257 on:** »

SuperForex · « **Reply #258 on:** »

The BoE is preparing for Brexit, but what about everyone else?
If the current economic climate in the United Kingdom has to be characterized in one word, that would likely be “uncertain.” The British government still hasn’t announced any specific measures they would like to take in the negotiations with the European Union, leaving everyone else guessing what would happen when the March deadline approaches.
More information [urlhttps://superforex.com/economy-articles/bank-of-england-in-control/?x=FORUMS]see here[/url]

SuperForex · « **Reply #259 on:** »

A strong sell is recommended for this pair today.
Today we would take a look at the EUR/USD currency pair. The pair has been declining since the beginning of August and continues to move downward even today.
As previously established, the euro does not have many incentives for growth.
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Cokoye · « **Reply #259 on:** »

SuperForex · « **Reply #260 on:** »

The pair has gone up.
Our pair continues to be in a price corridor. At the moment we are seeing a powerful upward impulse on the last candle.
Today at the beginning of trading session the Reserve Bank of Australia's decision on the interest rate was published.
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SuperForex · « **Reply #261 on:** »

The consolidation phase for the NZD/USD is likely to continue. However, in the near future we can still expect further decreases in the rates to the minimum 0.668 USD.
Commodity currencies continue to be under pressure due to rising tensions in international trade, which negatively affect the rates of the NZD/USD.
More information see here

SuperForex · « **Reply #262 on:** »

The pair is updating price lows.
We observed that during yesterday's trading session the pair updated its annual lows and found a new level of resistance near the mark of 1.2860, leading it to a correction.
The dollar index continues to demonstrate the strength of the reserve currency and is near the maximum annual values.
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SuperForex · « **Reply #263 on:** »

The lira is collapsing and Turkey might be in serious trouble soon.
Even though our usual topics – trade wars, Brexit, oil volatility – continue to dominate the financial markets news feeds, this week we want to turn your attention to a slightly overlooked development: Turkey.
More information see here

SuperForex · « **Reply #264 on:** »

The euro is weakening amid the Turkish crisis, so we should sell the pair today.
Today we would take a look at the EUR/USD currency pair. As of the middle of last week the pair began a more pronounced decline and is now down to levels previously reached in April 2017.
More information see here

SuperForex · « **Reply #265 on:** »

Let's start with the EUR/USD pair. Here we see that the pair has updated the annual lows reaching the mark of 1.1365 and is in the corridor between the resistance levels. We expect that the price will stay in this corridor. Technical indicators diverge for now. We advise you to wait for the signal to enter the market.

We advise you to wait for the signal

Pound/Dollar. We see the continuation of the downward movement and the renewal of the lows. If the pair manages to gain a foothold below the level of 1.28, the next target will be the level of 1.2650. The MACD and the RSI also point to a sell.

The next target will be the level of 1.2650

AUD/USD. This pair is also pointing down. The next psychological mark will be the level of 0.72, from which a price correction is possible.

Psychological mark will be the level of 0.72

USD/CAD. The price approached the Moving Average 21. The current level is 1.3085. In case of its overcoming, we expect the move to the level of 1.3030. However, we can get a turn from the Moving Average and the pair might go up, as technical indicators indicate a purchase.

We expect the move to the level of 1.3030

Other news you can find on our website: https://superforex.com/analytics/?x=FORUMS

SuperForex · « **Reply #266 on:** »

The EUR is under pressure due to the situation with the Turkish lira. The deals to BUY seem the most effective in the near future.
The rates continue within the upward trend. However, its intensity has been lost. Now we can see signs of a weak downtrend formation. Actually, the SGD gradually began to strengthen half a year ago and during this time increased in price by 5%.
More information see here

SuperForex · « **Reply #267 on:** »

The pair is finding new levels.
After yesterday's trading session, the dollar rally slowed down and the dollar index moved away from the recently reached peaks.
Released today in the UK, the basic index and the volume of retail sales showed better-than-expected results.
More information see here

SuperForex · « **Reply #268 on:** »

What the country is doing to prevent a crisis might not be enough.
Last week we introduced to the currently developing financial issues in Turkey. More specifically, their national currency, the Turkish lira, has been crashing hard against the dollar, losing more than 40% of its value in 2018
More information see here

SuperForex · « **Reply #269 on:** »

EUR/USD Technical Analysis & Daily Chart

The pair will begin a decline again, so we can sell it now.
Today we would return to the EUR/USD currency pair. It continues to be quite volatile, though it has recovered slightly compared to last Monday.
In all seriousness, things are not looking too great for the euro right now.
More information see here

Cokoye · « **Reply #269 on:** »

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