AUD/USD Technical Analysis

We are waiting for a powerful downtrend impulse.

Technical Analysis
22 Feb 2018
AUD/USD Technical Analysis

Yesterday the minutes of the Fed meeting held on January 30-31 were published. The data released strengthened the outlook for an imminent increase in the interest rate and helped strengthen the dollar. Thus, the dollar index rose above the level of 90.00.

Yesterday’s data from Australia showed mixed dynamics and did not affect the exchange rate of the national currency.

Our pair began a downward movement at the end of January, after reaching the biggest highs since September 2017.

The MACD histogram is located in the negative zone and the price is below the moving average MA (21).

When we look at our chart from the side of wave analysis, we see that the first powerful index was completed, as well as the second correctional wave. We can expect the next powerful downward impulse within the third wave.

Therefore, we would look for points to enter short positions and set targets near the levels of 0.7750 and 0.7700.

SuperForex
Oil (CL/WTI): Review & Forecast for the Near Future

Technical Analysis

Oil (CL/WTI): Review & Forecast for the Near Future

There are a number of factors that support the oil but the short deals seem more effective due to the constant increasing of oil extraction volumes in the USA that negatively impacts the rate

SuperForex
21 Feb 2018
GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

The dollar has strengthened.

SuperForex
20 Feb 2018
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

We are waiting for a bearish movement.

SuperForex
19 Feb 2018