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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.

Technical analysis of the currency pair EUR/СHF on 17/01/2017. The daily chart

General analysis
Since the end of December the currency pair EUR / CHF went into sideways movement and from that moment it did not leave the corridor 1.0760-1.0680 but wasn`t able to be fixed below it.

At the moment, the price again is approaching to the level of 1.0680 and it will be for the fourth time in the last two months and there is every probability to expect the next rebound from this level.

We expect price is going to 1.0680 and form a rebound from it to the top.
However, intro-day traders have the an opportunity to play short and make profit on sell by entering the market is placing orders with TP at 1.0700. But trade against the general movement is quite risky trading. We recommend you to trade within a day only if you are a pro trader who have a lot of experience. Since this approach you should be able to quickly determine the entry point to the market.

Schedule of Stochastic indicator shows a clear sell signal. The signal line of the indicator is in the neutral zone, however, both lines are directed downwards and creating a downward trend.

Next few days

We recommend opening buy orders after the rebound of the prices from support level 1.0680. In order confirm the signal is necessary to wait a few daily candle closed above the level at the approach to it. The immediate goal to fix the profit will be the level 1.0745.

While trading for a fall to 1.0680 support you recommend to open average lots in the 1-2% of the deposit and placing orders SL and TP at a ratio of 1 to 2.

At a penetration level of price support 1.0680 and fixing prices below it, there is a possibility of another scenario.
The price will continued to decline and then we need to be guided by at least the height of the channel in 90 points and the support 1.0630.

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.

Next few days
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.

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.

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%.

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.

USD/SEK – review and short term forecast.

As expected in the previous month, the upward trend finally ended and now the rates of USD/SEK is in the frames of the downtrend. during the week, the dollar was weakening against major currencies due to investors fearing the policy of D. Trump. In addition, the U.S. Federal reserve left rates unchanged and signaled that a rate won't be also changed in March. decreasing of the USD has been stopped yesterday and strengthened thanks to positive statistics from the USA about increase in jobs in the private sector, and obtained data about the growth of the business activity index. And it allowed the dollar to regain lost positions by the end of the week.
On the other hand, the Swedish economy demonstrates an enviable stability and in the near future, has good perspective. By the end of 2016, Sweden has the highest rates of return for households and private business sector at the peak of growth. the only fear is a promoting activity of some social and political organizations for the introduction of a 6 hour working day, which can lead to a wave of reductions due to high costing labor force, and higher unemployment then. But now things are going well for Sweden, and the Swedish Krona (SEK) continues strengthening.
At the moment MACD oscillator shows signal to BUY opening the deals against trend. Such deals can be effective upon short term trading. Upon middle and the long term trading the best solution is to open the deals to SELL as we can’t see any preconditions for new trend reversal.

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!

AUD/CAD: short review and forecast

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.

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.