EUR/USD Technical Analysis

We have a strong dollar.

Technical Analysis
01 Mar 2018
EUR/USD Technical Analysis

Today the second speech of the new Chair of the Fed, Jerome Powell, will take place before the Congress. In the course of his last interview the dollar exchange rate strengthened relatively to the basket of major currencies. Then investors were convinced that in the future the new Chair of the Federal Reserve will conduct a "hawkish" policy.

Data released yesterday on GDP growth in the IV quarter indicated an increase of 2.5%. According to preliminary estimates, 2.6% was expected.

The data released today in the eurozone could not significantly support the currency. Our pair has already fallen below the level of 1.22 and in the future we will expect testing at the levels of 1.2160, 1.2120, and 1.2070.

Our technical indicators confirm the bearish sentiment in the markets. The MACD is below the zero line, while the RSI is in the oversold zone.

Our trade advice is to look for points to enter the market for short positions and set their own resistance levels as described above. During Jerome Powell's speech, one must be cautious, since volatility will be increased.

SuperForex
NZD/USD: Fundamental Review & Forecast

Technical Analysis

NZD/USD: Fundamental Review & Forecast

The NZD has decreased due to negative economic statistics and FED plans to raise the rate. The deals to buy seem more effective due to the probability of a price correction.

SuperForex
28 Feb 2018
USD/CHF Technical Analysis

Technical Analysis

USD/CHF Technical Analysis

The bearish trend continues.

SuperForex
27 Feb 2018
GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

We have a bullish trend.

SuperForex
26 Feb 2018