SuperForex discussion thread

GBP/USD Technical Analysis

The pair is updating price lows.
We observed that during yesterday's trading session the pair updated its annual lows and found a new level of resistance near the mark of 1.2860, leading it to a correction.
The dollar index continues to demonstrate the strength of the reserve currency and is near the maximum annual values.
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EUR/USD Technical Analysis & Daily Chart

The euro is weakening amid the Turkish crisis, so we should sell the pair today.
Today we would take a look at the EUR/USD currency pair. As of the middle of last week the pair began a more pronounced decline and is now down to levels previously reached in April 2017.
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Technical analysis

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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EUR/SGD: Fundamental Review & Forecast

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%.
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GBP/USD Technical Analysis

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.
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Can Turkey Avoid a Crisis?

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
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EUR/USD Technical Analysis & Daily Chart

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.
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GBP/USD Technical analysis

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.
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AUD/CAD: Review & Forecast

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.
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EUR/USD Technical Analysis

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.
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Technical analysis

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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GBP/USD Technical Analysis

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.
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NZD/JPY: Fundamental Review & Forecast

The NZD continues its drop against a strong JPY. Deals on the trend seem the most effective.
The Japanese yen was in a favorable position against most currencies because it is least exposed to the risks associated with the trade war between China and the United States.
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EUR/USD Technical Analysis

The pair is turning around.
Our pair has moved away from the lows and has already worked out an inverted head and shoulders pattern. The level of 1.1715 has not been overcome yet.
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