Re: SuperForex - Company News

[SuperForex]

---

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.

[SuperForex]

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.

[SuperForex]

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!

[SuperForex]

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.

[SuperForex]

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.

[SuperForex]

Technical analysis of the currency pair AUD/USD on 16/02/2017. The daily chart

General analysis
During this week the price of the currency pair AUD/USD has risen slightly more than 130 points and came close to the support level at 0.7700.

If we consider US dollar in a global market we can note that price for this currency increases in relation to all the main quotes but nevertheless now we see a pause in the growth and soon we expect a correction against the general uptrend.

Recently the price has already approached several times to the level of support at 0.7700 and all the times it was an insurmountable wall for the currency pair and the price could not break it.

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 the US dollar and it cannot be ignored.

Next few days
Considering the overall situation in the market for the US dollar, price closeness to a significant support level 0.7700 and the presence of divergence in the graph we have all the signals for the opening of sales for AUD/USD.
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 0.7610 or even further to 0.7500.

[SuperForex]

Replenish your account with most popular crypto currencies.
SuperForex aims to improve the existing deposit and withdrawal services for its customers. Now our customers have a possibility to replenish their accounts with any cryptocurrency they like.
You can view the list of all crypto currencies below:
Bitcoin BTC
Blackcoin BLK
Dash DASH
Dogecoin DOGE
Emercoin EMC
Litecoin LTC
Peercoin PPC
Primecoin XPM
Reddcoin RDD
Zcash ZEC
Start trading with us and take advantage of our bonus program and special offers designed for our newest members.
More details at https://superforex.com/

[SuperForex]

Technical analysis of the currency pair EUR/СHF on 21/02/2017. The daily chart

General analysis.
From the moment of opening of the market this week currency EUR/СHF pair is trading without significant volatility and practically without any growth or decline. Right now, the price is located at the same level as it was at opening time on Monday - 1.0665. On the graph, we can see a clear upward movement during the last week without any corrections. At the moment, the price is approaching to the support level on the mark 1.0630 and we have all the reasons to expect a «rebound» from it.
Traders should attentively follow the market in next few days and after receiving confirmation about the "rebound" from the level opens long deals with a medium volume.
Stochastic indicator shows the movement of the signal lines in the overbought zone and at the moment we see them crossing of it and the penetration level 20 from the bottom up, that is a signal to buy.
Next few days
Today, it is too early to open long since the bottom of the downward movement was not formed yet and there is a high probability of "false breakouts". But at the same time, it is too late to open long.
We recommend opening for buy after the bottom formation at the level of 1.0630 with target points of taking profit at the mark 1.0670. Order S/L can be set up by 20-30 points lower than the downward movement bottom.

[SuperForex]

Technical analysis of the currency pair EUR/USD on 28/02/2017. The daily chart
General analysis
Since the beginning of February the rate for the currency pair EUR/USD has started to decline and now approached to the support level - 1.0550.
Level 1.0550 acted as resistance level for the price previously, also the price tested it on both sides and now the price again has approached the level of 1.0550 and the decline has stopped. Last fall to this support was the last week and price successfully strayed up from it.

This week the price again approached to the level of 1.0550 and the last two daily candle closed as a "doji" thereby forming a bottom.

Also today we should pay attention to news coming out of the USA, for today we going to see the publishing of the data about the United States GDP, Consumer Confidence rate and the speech of the President Trump. Usually the output of such data has a significant impact on the market movement.

We recommend expected major news from the USA and if there will not big surprises open the deal to buy after formation of a "double bottom" at the level of 1.0550.

[SuperForex]

Technical analysis of the currency pair AUD/USD on 02/03/2017. The daily chart

General analysis
Currency pair Australian dollar / US dollar over the past few months shows a clear up trend without any significant corrections. Upward movement started from the beginning of 2017 and at present makes 600 points. However, last week the price reached the 0.7700 resistance level which for almost a year make a serious impact on the price movement.

A large number of times the price bounced back from this level and never being able to overcome.
At the moment, the price reached to the 0.7700 resistance level ones again and two indicators show a confirmation of a signal to sell at the same time - the Stochastic and moving average (14).

Stochastic shows a clear divergence for the last few price peaks, which is also a signal to sell short the AUD / USD.
Also, the price crossed the moving average (14) from top to bottom and successfully entrenched below the line, which also indicates a bearish trend.

We recommend to open short positions on the currency pair AUD / USD with the target points profit taking at levels 0.7570 and 0.7520.