EUR/USD Technical Analysis & Daily Chart

Technical Analysis
Nov 02, 2017
EUR/USD Technical Analysis & Daily Chart

Yesterday there was a Federal Reserve meeting and a publication of their interest rate decision, which was left unchanged at the previous level of 1.25%.

Today we expect data from Germany on unemployment and the index of business activity in the manufacturing sector.

In the United States there will also be a number of reports on macroeconomics and performances by members of the FOMC.

At the moment we can see that our pair has been declining since the second week of September and is inside a descending channel. Data published on the buy-back of bonds last week in Europe caused a drop in the single currency and the EUR/USD reached the level $1.1575, which is a three-month low. Our pair approached the bottom of the channel. Furthermore, the price fell and was trading below a sufficiently strong level of 1.1690.

So far we do not have a turn signal, which means that we need to look for a point of entry for short positions. For those it is best to look at the mark of 1.1690 and set the take-profit order near the lower boundary of the channel.

SuperForex
CAD/JPY: Fundamental Review and Forecast

Technical Analysis

CAD/JPY: Fundamental Review and Forecast

The JPY has weakend due to a decision by the BoJ to leave the rate unchanged, while the CAD was supported by high oil prices and has all chances for growth.

SuperForex
Nov 01, 2017
USD/CHF Technical Analysis & Daily Chart

Technical Analysis

USD/CHF Technical Analysis & Daily Chart

We predict that today the USD/CHF will be bullish, based on tensions in the United States.

SuperForex
Oct 31, 2017
AUD/JPY Technical Outlook After Japanese Interest Rate

Technical Analysis

AUD/JPY Technical Outlook After Japanese Interest Rate

The AUD/JPY pair has confirmed the reversal pattern.

SuperForex
Oct 31, 2017