GBP/USD Technical Analysis

We expect a correction on the financial markets.

Technical Analysis
05 feb 2018
GBP/USD Technical Analysis

Today a number of macroeconomic indicators are emerging in the United States that can support the reserve currency. The dollar index began to strengthen at the end of last week. It showed growth relative to the main pairs.

This week we expect Jerome Powell to step in on the post of Chair of the Federal Reserve. Also, given the previous statements by members of the Fed, we can assume that this year the interest rate will increase three times. This opinion was expressed by the President of the Federal Reserve of Dallas Robert Kaplan.

On Friday US stock indices showed instability and lost about 2%. The index of business activity in the UK for January turned out to be worse than expected and amounted to 53.0 against the forecasted 54.1.

Therefore, at the moment we expect a correction on the market and will look for points to enter short positions near the level of 1.4150. The output points are considered in the range 1.4070 and 1.3995.

SuperForex
Hard Times Hit the Dollar

Technical Analysis

Hard Times Hit the Dollar

Where would the dollar go in 2018?

SuperForex
02 feb 2018
EUR/SGD: Short Review and Forecast

Technical Analysis

EUR/SGD: Short Review and Forecast

The rates reached the price level from August 2014. There's a high probability for a price correction, so the short deals seem more effective.

SuperForex
02 feb 2018
USD/JPY Technical Overview & Daily Chart

Technical Analysis

USD/JPY Technical Overview & Daily Chart

We expect the pair to move in a bearish trend today.

SuperForex
01 feb 2018