EUR/USD Technical Analysis

We are waiting for the confirmation signal.

Technical Analysis
06. 2. 2018
EUR/USD Technical Analysis

After yesterday's collapse of stock indices around the world, today most of them are trying to adjust to the fall. The dollar index yesterday showed a slight increase, reaching the level of 89.57 as the reserve currency strengthened against the basket of major currencies during the American session.

Today,we expect the release of data from the US, such as the trade balance for December and the number of open vacancies on the labor market (JOLTS). Despite the fact that the reports for the previous two months were lower than expected, this month we expect an increase in the number of 21K. Furthermore, today a speech by FOMC member James Bullard will be made.

Considering our chart, we observe an upward trend. However, given that the pair has moved away from strong resistance levels and from the 1.2430 mark, we will expect a sell signal when the MACD crosses the zero mark and confirms our outlook for the sale. The second confirmation signal will be the fixing of the price under MA (86) and then our target will be the level of 1.2290.

We advise you to take short positions after the confirmation signal appears.

SuperForex
GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

We expect a correction on the financial markets.

SuperForex
05. 2. 2018
Hard Times Hit the Dollar

Technical Analysis

Hard Times Hit the Dollar

Where would the dollar go in 2018?

SuperForex
02. 2. 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. 2. 2018