Thread: SuperForex - Company News

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

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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


https://superforex.com/additionalimages/15-08-2018/eur-sgd-fundamental-review-forecast-150818-0.png

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/additionalimages/16-08-2018/gbp-usd-technical-analysis-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



https://superforex.com/additionalimages/20-08-2018/724ec19d-6a8b-4ac3-b84a-5e4681eb8927.png

The pair is turning.
At the moment we are seeing a corrective movement in our pair, as it was reflected from the 1.27 mark and headed up. Right now the pair is staying at the level of 1.2820.
More information see here


https://superforex.com/additionalimages/21-08-2018/gbp-usd-technical-analysis-210818-0.jpg

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


https://superforex.com/additionalimages/22-08-2018/aud-cad-review-forecast-220818-0.png

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/additionalimages/23-08-2018/eur-usd-technical-analysis-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.

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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/additionalimages/28-08-2018/gbp-usd-technical-analysis-280818-0.jpg