Printable View
The pair has found a resistance level.
At the moment we observe a strong weakening of the reserve currency and our pair is moving down. We can assume that against the background of global news and trade wars, the US dollar will continue its decline. However, our pair has found a resistance level and suspended the upward movement.
More information see here
https://superforex.com/analytics/aud...0718/?x=FORUMS
https://superforex.com/additionalima...s-100718-0.jpg
There's a high probability of a rate increase by the Bank of Canada today. The deals to BUY seem the most effective in the near future.
The rates are in the mode of extremely high volatility due to multidirectional macroeconomic statistics, as well as tension because of the trade war. The market is still afraid of the development of trade war and reacts to any news.
More information see here
Attachment 32298
The pair is headed down.
Despite the macroeconomic data released on Wednesday from the US, we are currently seeing that the dollar index has stopped its decline and is trying to win back the positions lost earlier.
More information see here
https://superforex.com/analytics/gbp...0718/?x=FORUMS
https://superforex.com/additionalima...s-120718-0.jpg
What could the consequences be if the United States takes its argument with the EU any further?
With the United States and China being number 1 and number 2 of the world’s biggest economies respectively, much of the trade war discourse has focused on those two countries.
More information see here
The uptrend is losing its intensity. However, the deals to BUY seem the most effective.
A month and a half ago an upward trend was formed, though it can be completed soon. For about two weeks the rates have been in the flat range of 1.5863-1.5974 SGD. Both currencies cannot find enough incentives for growth.
More information see here
Attachment 32345
The pair is about to turn.
Today we expect Jerome Powell's speech during which there will likely be a strengthening in the reserve currency. Data released today on the labor market in the UK was worse than expected.
More information see here
https://superforex.com/analytics/gbp...0718/?x=FORUMS
https://superforex.com/additionalima...s-170718-0.jpg
The USD has good perspectives for further growth. The deals to BUY seem the most effective in the medium term.
The rates continue within the upward trend. It has recovered to the level of the beginning of 2017, in a high volatility mode. Over the past 15 months the value of USD has changed from 8.37 to 9.02 SEK. At the moment we can see a slowdown in the economic growth of the EU amid a soft monetary policy.
More information see here
Attachment 32358
The US President has had a difficult week making conflicting statements about Russia.
It has been a relatively quiet week on the financial markets. With fewer disruptions in oil supply, oil prices have steadily decreased. The US dollar remained strong based on the Federal Reserve’s confidence in the American economy, with other major currencies losing positions against the greenback.
More information see here
We can buy the pair today.
Today we would take a look at the EUR/USD currency pair. The pair has experienced quite a few ups and downs lately and currently appears to be on the rise.
More information see here
Attachment 32383
The pair will go down.
Our pair was reflected from the level of 1.1745 and headed down. The recently published indices from the EU do not provide specific conclusions and are multidirectional.
More information see here
https://superforex.com/additionalima...s-240718-0.jpg
The pair overcame the level of support.
As of now, the dollar rally has been broken and the winning streak paused after reaching a one-year high. Data released yesterday in the US on the housing market was worse than expected and helped the pair overcome the level of 1.3115 and entrenched under it.
More information see here
https://superforex.com/additionalima...s-260718-0.jpg
For now the biggest risk factor regarding Europe has been averted.
A couple of weeks ago we wrote about a somewhat neglected side of the trade war discussion: the relationship between the United States and Europe. In a recent interview US President Donald Trump went as far as to call the European Union “a foe” of the United States due to the trade deficit with the bloc.
More information see here
The pair will be volatile today.
Today we would take a look at the EUR/USD currency pair. The pair continues to oscillate without certainty in a narrow corridor between 1.1726 and 1.1630.
Today the euro will likely be under the influence of economic reports from Germany, the EU’s strongest economy. The key reports to look forward to with high importance are the yearly and monthly CPI, as well as unemployment reports: these are the two most important factors to measure inflation in Germany, and thus have an impact on inflation throughout the eurozone as a whole.
More information see here
Attachment 32422
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
https://superforex.com/additionalima...s-310718-0.jpg
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.
More information see here
Attachment 32453
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.
More information see here
https://superforex.com/additionalima...s-020818-0.jpg
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 see here
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.
More information see here
Attachment 32498
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.
More information see here
https://superforex.com/additionalima...s-070818-0.jpg
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
Attachment 32534
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.
More information see here
https://superforex.com/additionalima...s-090818-0.jpg
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
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
Attachment 32575
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
https://www.youtube.com/watch?v=HVDGoECP_80
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
Attachment 32613
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
https://superforex.com/additionalima...s-160818-0.jpg
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
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
Attachment 32664
The CAD is still the currency with the most potential against the AUD. The price correction is over, so the deals on the trend will be the most effective.
The rates have stabilized in August and now we can see a steady downward trend in favor of the Canadian dollar.
More information see here
Attachment 32688
The pair is forming an inverted head and shoulders pattern.
The strength of the dollar has weakened and the dollar index began to depart from the highs achieved last week, dropping to the mark of 95.00.
More information see here
https://superforex.com/additionalima...s-230818-0.jpg
EUR/USD continues to form a head and shoulders pattern. The price slowed at the mark of 1.1640. We think that this line will be the level of support and the price will go to the marks of 1.1670 and 1.1715. Now the technical indicators point to a correction.
GBP/USD. We think that there will be a test of the level of 1.2825 and the price will go to the level of 1.2775.
AUD/USD, we can see that the pair found a resistance at the level of 0.7340 and fell below the 0.7315 mark.
USD/CAD, we see a support at the level of 1.30. The Stochastic came out of the oversold zone. We think that the price will go to around 1.3090.
That's all for now. Thank you for watching! Subscribe to our channel for more updates.
https://www.youtube.com/watch?v=2NKD8f9OMqM&feature=youtu.be
The pair is headed up.
After last weekend in the United Kingdom the pair is now headed up, breaking the 1.29 mark. At the moment it is above this level. Right now we do not expect the release of any macroeconomic indicators from the UK.
More information see here
https://superforex.com/additionalima...s-280818-0.jpg
The NZD continues its drop against a strong JPY. Deals on the trend seem the most effective.
The Japanese yen was in a favorable position against most currencies because it is least exposed to the risks associated with the trade war between China and the United States.
More information see here
Attachment 32743
The pair is turning around.
Our pair has moved away from the lows and has already worked out an inverted head and shoulders pattern. The level of 1.1715 has not been overcome yet.
More information see here
https://superforex.com/additionalima...s-300818-0.jpg
Mexico and the US have reached an agreement, but where does this leave Canada?
One of the things that Donald Trump took aim at first when he ran for President was, among others, the North American Free Trade Agreement, commonly known as NAFTA. Trump has consistently claimed that NAFTA is not beneficial for the United States and that he, as an experienced businessman, would be able to negotiate better trade deals for the US.
More information see here
We can buy the pair today.
Today we would return to the EUR/USD currency pair. The pair grew up until last weekend, then declined again.
The European single currency remains neutral. It was previously pressured by the crisis of the Turkish lira, but as there has been no significant effect on European banks, which is what analysts feared, the single currency stabilized.
More information see here
Attachment 32777
The pair has turned around.
Against the backdrop of complications in the relations between the United States and Turkey, the single currency rate has weakened. The US dollar continues to take the form of a safe-haven currency.
More information see here
https://superforex.com/additionalima...s-040918-0.jpg
EUR/USD. The pair fell to the level of 1.1540 and from it we expect the formation of the second shoulder. Otherwise, the pair will go to the mark of 1.1505.
GBP/USD. The pair passes by the MA120 and is approaching the 1.2820 mark. In the case of passing that level, the next price will be 1.2775.
AUD/USD. The price has reached two-year lows. In the case of overcoming the 0.7160 mark, we expect the 0.71 level would be overtaken.
USD/CAD. On the daily chart we observe that the pair has surpassed the level of 1.3160. We believe that in the upcoming days the price will go to the mark of 1.3340.
That's all for now. Subscribe to our channel and thanks for watching.
Other news you can find on our website: https://superforex.com/analytics
link on the video: https://www.youtube.com/watch?v=ki73kONwEiY
Turkey, Argentina, and more are in trouble. How serious is it?
It appears that in recent days red economics flags are being raised in all corners of the world. Venezuela is in major trouble, and so is Argentina, despite securing a bailout from the International Monetary Fund.
More information see here
The pair will remain bearish today, so we should sell it.
Today we would take a look at the EUR/USD currency pair. Although the pair grew at the end of last month, its journey has become shakier recently.
More information see here
Attachment 32805
