EUR/USD Technical Analysis & Daily Chart

Enter the market only after the formation of a certain trend.

Technical Analysis
28 nov 2017
EUR/USD Technical Analysis & Daily Chart

Today the Senate is expected to vote on the adoption of Trump's tax reform. Against this background, the US dollar since the beginning of the trading day has regained some of its positions relative to other pairs.

In addition, today in the US there will be a series of speeches by members of the FOMC, as well as Secretary of the Treasury Steven Mnuchin.

In the case of positive data, we can well expect that our chart will continue to draw the head and shoulders pattern. However, if there is a lot of negative data, we expect that the current rebound will be only a short-term correction of the price and it will continue to try to overcome the mark of 1.20.

Considering our chart, we also see that the local fifth wave was completed and it is probable that the price will return to the levels of 1.1845 and 1.1770. The Stochastic indicator is in the oversold zone, and the RSI just went below the level of 70%.

So, before the news we still expect the formation of a downward movement. As the announcements start coming in higher volatility is expected and it is recommended to enter the market only after the formation of a certain trend.

SuperForex
USD/CAD Technical Analysis

Technical Analysis

USD/CAD Technical Analysis

Today we can take advantage of the bearish movement of the pair.

SuperForex
27 nov 2017
Brexit Struggles

Technical Analysis

Brexit Struggles

Dark times lie ahead for the United Kingdom.

SuperForex
24 nov 2017
AUD/CAD: Short Review & Forecast

Technical Analysis

AUD/CAD: Short Review & Forecast

The CAD is supported by high oil prices and able to sthrenghen further.

SuperForex
24 nov 2017