SuperForex

SuperForex

Now almost all the technical indicators continue to point to the purchase. We do not need large movements on the chart. Considering a 4-hour chart is enough. We still believe that the pair will test the level of 1.2315. At the moment if the price breaks this level, the figure "double top" will be formed. And then, according to the graphical analysis, we expect the...

SuperForex

By the beginning of today's trading our pair has managed to test a strong 1.24 level and move away from it by more than 25 points. At the moment the pair has found resistance at this level and formed a reversal pattern on the hourly chart. It is capable of sending the price to the mark of 1.2315. Today there is a lot of data on both the US and the Eurozone....

SuperForex

On the 4-hour chart we can clearly draw a line of a downtrend. Today we are waiting for the publication of the consumer price index for February in the US. At that time the price will be able to break the trend line in case of unfavorable data. If we consider the daily chart, then we also see that the "double top" has not fully played itself out. And even the...

SuperForex

On the chart we can clearly see a decline in trading volumes for our pair. Technical indicators show that it is necessary to enter long positions, but the most significant driver for today will be the publication on the execution of the budget in the US. So most traders are not in a hurry to make any deals. Our pair is now below the 1.23 mark and will soon have to...

SuperForex

Considering our chart, we can observe a price reduction. If we evaluate our daily chart from the point of view of wave analysis, then we will see the 4th wave, which indicates a decline in this pair. And soon we expect the 5th downward wave. Especially after the statements of Jerome Powell, we expect the strengthening of the reserve currency. Therefore, we will...

SuperForex

According to our pair, there are a lot of publications and articles claiming that we are seeing a downtrend and the price is in correction. If we consider our technical indicators, then on the MACD histogram we will really see that we have come out of the histogram and at the moment we have a signal to sell the pair. When we look at Stochastic on a 4-hour chart,...

SuperForex

Our pair approached a fairly strong level of 1.29 however, considering the previous movement of the pair, it is unlikely that it will be able to restrain growth. Considering our daily chart from the point of view of wave analysis, we can observe that the price is in the 3 rd rising wave and may soon approach the price level of February 2017. In view of the fall in...

SuperForex

Today it’s unlikely to hear any high-profile news that could seriously shake the market. For example, such as the ban on the circulation of cryptocurrency in any country, like China and South Korea did. After these statements last year, Bitcoin's growth stopped abruptly, despite a powerful upward impulse, which ultimately led to a price tag of $ 20,000. Yet such...

SuperForex

Volatility in the markets has been enhanced after recent speeches by Jerome Powell. However, after his statements about the vision of further monetary policy, investors tended to strengthening of the dollar. Negotiations on trade agreements between the EU and the United Kingdom are still in process and inconsistency in this matter is a destabilizing factor to the...

SuperForex

Today we are waiting for the 2nd speech by Jerome Powell, Chair of the Fed. Last time he gave his speech, the USD quickly strengthened against other major currencies. That was the time when investors were sure the new policy will be "hawkish". Today’s news from the EU have not given the support to european currency. Euro has already fallen under the mark of 1.22...