GOLD: Short Review & Forecast

Investors are back to the safe assets. It's time for the deals to BUY.

Technical Analysis
17 जन॰ 2018
GOLD: Short Review & Forecast

At the end of last year GOLD was decreasing in price amid a strong dollar and the growing popularity of cryptocurrencies. But in mid-December the situation began to change: Bitcoin's rapid growth is over and the dollar became vulnerable and less attractive for investors. Therefore, there has formed a rapid upward trend that has all chances for continuation.

The dollar this year is decreasing against most currencies due to economic and political uncertainty in the United States. It is unclear what monetary policy the Federal Reserve will choose, given the unconvincing economic statistics. At the same time, investors are confident that it will be fairly soft, given that the new FED Chairman is a supporter of the soft and cautious monetary policy. In addition, investors fear that global growth will exceed the growth of the US economy, which is also not in favor of a strong dollar. Thus, the U.S. dollar became cheaper, even when the markets in the United States were closed for holidays.

The dollar still can strengthen in case the economic statistics in general turn out positive. In the near future the most effective may be the deals to SELL. The MACD and Stochastics oscillators confirm the efficiency of the short deals. At the same time, in the medium term, the deals on the trend can also be effective.

SuperForex
AUD/USD Technical Analysis

Technical Analysis

AUD/USD Technical Analysis

The price is undergoing a correction.

SuperForex
16 जन॰ 2018
USD/CAD Technical Analysis

Technical Analysis

USD/CAD Technical Analysis

We expect a bearish trend with this pair.

SuperForex
15 जन॰ 2018
What to Expect in 2018

Technical Analysis

What to Expect in 2018

A look at what this year might have in store for some of the most popular currencies.

SuperForex
12 जन॰ 2018