Re: SuperForex - Company News

[SuperForex]

---

The dollar index opened today with an up gap and is currently returning to the closing mark of yesterday.
We see rising minimums and highs on the chart, that’s why we conducted an ascending equidistance channel.
More information see here

[SuperForex]

The pair was lost impulse.
Fed decision on interest rates was published yesterday, as expected, the rate was raised by 25 basis points to 2%. During the publication, we observed a sharp jump in the dollar on the chart.
More information see here

[SuperForex]

Decrease in oil price impact the CAD value. The deals to BUY still can be effective at least before upcoming OPEC meeting in a week.
If you look at the oil rates and the AUDCAD rates, you can see a lot of common things - huge impact of oil value to the CAD. After the oil began to decrease, has formed an upward trend in favor of the Australian dollar, despite the fact that the Australian economy is becoming less attractive to investors
More information see here

[SuperForex]

We have the chance to sell the pair today.
Today we would take a look at the EUR/USD currency pair, which is one of the most popular trading instruments. After making slow but steady gains up until the ECB meeting last Thursday, the pair dropped sharply again and spent the weekend around the level of 1.1595.
More information see here

[SuperForex]

The pair continues to fall.
During the speech of the head of the ECB Mario Draghi, the euro continued its decline, departing further from the resistance level of 1.1630. After the recent statements of the Federal Reserve, the dollar continues to strengthen.
More information see here

[SuperForex]

The pair is moving down.
Despite mixed data from the US, our pair again fell into a decline. Currently the dollar index has surpassed the level of 95.00 and demonstrates the best performance since July 2017.
More information see here

[SuperForex]

OPEC members are currently deciding whether to increase oil production.
To say that the past year has been interesting for traders following the price of crude oil would be an understatement. With prices down to record lows recently climbing to 3-year-highs, the past couple of years have been quite tumultuous for oil.
More information see here

[SuperForex]

We need to wait for more data before we can open a position.
Today we would take a look at the EUR/USD currency pair. After dropping significantly last week, the euro made a recovery over the weekend and the price of the pair is currently rising.
More information see here

[SuperForex]

The pair has found a resistance level.
At the beginning of today's trading session the dollar index found a support level at around 93.85, after which it began to grow. The dollar showed a weakening despite the release of positive data on the housing market in the US.
More information see here

[SuperForex]

Investors prefer other safe assets at the moment. However, the situation can change with the development of the trade conflict. The deals to BUY seem the most effective in the medium and long term.
More information see here