superforex discussion thread

EUR/USD Technical Analysis

The pair found a resistance level.
Despite the opening of yesterday's trading session in favor of the dollar, the euro is trying to win back its positions and at the moment our pair is showing a positive trend. After the decline to the level of 1.1550, the pair went up and turned around from the mark of 1.1610 which happened to be the resistance level.
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EUR/USD Technical Analysis

The pair declines.
Since yesterday's trading session we have seen that the pair has fallen below the 1.15 mark, but has not yet been able to gain a foothold. Despite the controversial data released yesterday in the US, the US dollar strengthened.
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The EU Summit in a Nutshell

A report and an evaluation of the most important developments from this week's summit of EU leaders.
The leaders of Europe gathered in Brussels this week to discuss the most important topics of the day: Brexit, security measures, migration, and climate change. Here are the highlights from this major event.
To begin with, we need to talk about the Brexit negotiations, as this has been without a doubt the leading topic of the summit and the one analysts were looking forward to the most.
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EUR/USD Technical Analysis

The pair found a level of support.
During yesterday's trading session the dollar index gained over 40 points and the reserve currency strengthened against the basket of major currencies. Against this background, we observed a decrease in the price of this pair.
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Technical Analysis

EUR/USD. We see that the price was able to overcome the level of 1.1450 and reached the level of 1.1405.

GBP/USD. We see that the price went below the mark of 1.2960 and is now testing the mark of 1.2930.

AUD/USD. The pair is below the MA21 and returned to the lower Bollinger band. The Stochastic indicates a sell, with a possible progress to 0.7045.

USD/CAD. The pair is still below the 1.3120 mark, but found support near the MA21. The technical indicators are multidirectional.

USD/JPY Technical Analysis & Daily Chart

We can try selling the pair today.
Today we would take a look at the USD/JPY currency pair. The price has retreated from the highs registered at the beginning of October and is holding steady within a channel between 111.64 and 112.88.
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EUR/USD Technical Analysis

The pair is trading at the bottom.
Today we are waiting for the publication of the consumer confidence index in the U.S., which can significantly increase market volatility. Currently the dollar index is at 12-week highs.
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CAD/JPY: Fundamental Review & Forecast

The JPY being a safe asset has a perspective in the long term but now the deals on the trend seem the most effective.
The rates continue in the frames of the upward trend started in March 2018. During this time, the Canadian dollar received support due to the growth of oil prices, a balanced monetary policy and a good economic situation.
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GBP/USD Technical Analysis

The pair is turning around.
After the dollar index reached one-year highs approaching the 97.00 mark during yesterday's trading, we are seeing a weakening.
The recently released macroeconomic indicators from the UK showed worse results than expected. However, the chart still shows an upward movement. Today we expect increased volatility in the pair, as today there will be a speech by the Bank of England's head Mark Carney and the publication of the BoE interest rate decision will take place.
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GBP/USD Technical Analysis

The pair is going up.
At the moment the dollar index is falling and has moved away from the highs reached last week, going down to the level of 96.10. Therefore, our pair showed a strong upward movement last week.
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USD/SEK: Fundamental Review & Forecast

The US election negatively impacted the rates. However, we can expect the rates to recover after that. The deals to BUY seem the most effective in the medium term.
The USD/SEK rates haven't changed significantly over the last month. We can still see a rapid upward trend, with no signs of completion. The USD continues to be supported by strong macroeconomic statistics, while in Sweden there is a slowdown in economic growth, as well as in the EU as a whole.
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