AUD/USD Technical Analysis

We are waiting for a downtrend.

Technical Analysis
05 เม.ย. 2561
AUD/USD Technical Analysis

On the background of a strengthening of the dollar our pair is trading in a downtrend.

Today data in Australia on the trade balance surpassed expectations. However, following the trend our pair has been trading in a corridor for the second consecutive week at 0.7640-0.7790.

If we break through our resistance level, which is currently at the 0.7650 mark, our pair will likely lower. Therefore, we expect a downward movement.

Our technical indicators also confirm the sell signal. On the four-hour chart the price moved away from the upper boundary of the Bollinger Band, but it did not reach the bottom line. Furthermore, the pair fell below the MA (20) which may indicate a continuation of the trend.

The volume indicator practically does not fluctuate, and the MACD cannot depart from the zero mark, stuck inside the histogram. Therefore, we advise to take short positions when the pair retreats from the moving average and set medium-term goals to 0.7650 and 0.7620.

SuperForex
EUR/SGD: Short Review and Forecast

Technical Analysis

EUR/SGD: Short Review and Forecast

The EUR has already achieved the highest level since Dec 2014 and may grow further. The deals to BUY seem the most effective at the moment.

SuperForex
04 เม.ย. 2561
USD/JPY Technical Overview & Daily Chart

Technical Analysis

USD/JPY Technical Overview & Daily Chart

The pair is under the influence of Trump's tariff plan.

SuperForex
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AUD/CAD Technical Analysis

Technical Analysis

AUD/CAD Technical Analysis

We are waiting for a price correction.

SuperForex
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