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Technical analysis of the currency pair EUR/USD on 28/02/2017. The daily chart
General analysis
Since the beginning of February the rate for the currency pair EUR/USD has started to decline and now approached to the support level - 1.0550.
Level 1.0550 acted as resistance level for the price previously, also the price tested it on both sides and now the price again has approached the level of 1.0550 and the decline has stopped. Last fall to this support was the last week and price successfully strayed up from it. 

This week the price again approached to the level of 1.0550 and the last two daily candle closed as a "doji" thereby forming a bottom.

Also today we should pay attention to news coming out of the USA, for today we going to see the publishing of the data about the United States GDP, Consumer Confidence  rate and the speech of the President Trump. Usually the output of such data has a significant impact on the market movement.

We recommend expected major news from the USA and if there will not big surprises open the deal to buy after formation of a "double bottom" at the level of 1.0550.

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Technical analysis of the currency pair AUD/USD on 02/03/2017. The daily chart

General analysis
Currency pair Australian dollar / US dollar over the past few months shows a clear up trend without any significant corrections. Upward movement started from the beginning of 2017 and at present makes 600 points. However, last week the price reached the 0.7700 resistance level which for almost a year make a serious impact on the price movement.

A large number of times the  price bounced back from this level and never being able to overcome.
At the moment, the price reached to the 0.7700 resistance level ones again and two indicators show a confirmation of a signal to sell at the same time - the Stochastic and moving average (14).

Stochastic shows a clear divergence for the last few price peaks, which is also a signal to sell short the AUD / USD.
Also, the price crossed the moving average (14) from top to bottom and successfully entrenched below the line, which also indicates a bearish trend. 

We recommend to open short positions on the currency pair AUD / USD with the target points profit taking at levels 0.7570 and 0.7520.


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SuperForex Trading Points Loyalty Program

SuperForex clients always get more: now with every trade you make, regardless of the outcome, you win trading points for our Loyalty Program.

The SuperForex Loyalty Program is an exclusive offer that allows you to use the volume of your trades to accumulate points which can be exchanged for amazing prizes such as smartphones, tablets, or even more trading bonuses. You can learn more about exchanging points to prizes here https://superforex.com/trading-points-loyalty-program

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Exchanger Partnership
If you dabble in the business of exchanging currency online, we have great news for you: you can make substantial extra profit on the side by becoming a SuperForex partner. 

What’s in it for you:
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Daily analysis for the currency pair EUR/GBP on 07.03.2017. 

General analysis
During the last 8 trading days, the EUR / GBP currency pair shows a clear growth absolutely without any correction. The growth value was about 280 points. At the moment, the price have closely approached to the resistance at around 0.8700 and the best solution is to take the current profit on long positions. 
The further upwards movement is quite possible but you should receive a confirmation of the breakdown of the resistance level of 0.8700 before continuing to play long.
Over the past six months, the price has repeatedly demonstrated a retreat from this level and we can confidently expect a certain reaction in the movement of the price as it approach to this level again.
The most likely we will see a retreat from this mark as it also coincides a with the Fibonacci correction level of 61.8 percent of the last downward movement. 
When receiving a confirmation of the release or level breakdown, we should play in the same direction.
The target profit-fixing points for EUR / GBP on a way down is 0.8550 and 0.8470.

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The more trades you make - the more real money you earn

The Dynamic Bonus is designed based on the principle of communicating vessels – nothing can change in one without affecting the other. In our case - the number of your trade orders will dynamically be reflected in the amount of the funds you may withdraw. This means the more trades you make, the more real money you can withdraw.

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Technical analysis of the currency pair GBP/USD on 09/03/2017. The daily chart

General analysis
Over the past month the currency pair GBP/USD had been sideways movement in the frame of long-term downward movement. 
Right now, here is probability of formation the market turning point and the continuation of the downward movement. At the moment, the price is trading in the range of 1.2130 - 1.2760
Of course, it would be safer for us to trade after a confirmation about the rebound from the significant level of support at 1.2130. But, unfortunately, not everything goes the way how we want to. The beginning of the continuation of the downward movement most likely already began and we should have time to "jump into the departing train".
Current situation on the daily chart
During the last two trading weeks currency pair GBP/USD has been showing a high volatility and decreased by 410 points. Price reached the local level of support at 1.2130 and right now is located close to it.
A predictions of the course of events in a next few days
Long positions on GBP/USD is not relevant at the moment and it is probably going to 1.2000.
Considering presence of medium-term downtrend we recommend open short after a penetration of support level at a 1.2770 with target points on profit-taking at 1.2050 и 1.2000.

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SuperForex Money

We’re happy to let you know that SuperForex has developed a new innovative feature - SuperForex Money, which will be helpful in client acquisition. 
SuperForex Money is a payment method developed by SuperForex. It is a really unique offer on the market which will additionally give you a 7% discount from each deposit. How can you get the discount? Simply use SuperForex Money! How does it work? You can purchase money prepaid cards with a face-value $10, $50, $100, $500 and $1000. However, you can get them with a price 7% cheaper than the actual amount (e.g. cards with a face-value $100 you can purchased for $93). 
Moreover, this is a great opportunity for you and your clients to avoid paying payment system fees.
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Deposit Insurance
With SuperForex you never have to worry about the safety of your deposits.
For maximum security during trading SuperForex offers its customers a Deposit Insurance service. By insuring your deposit with us you can be certain that you can always get it back, even if you make a losing deal.
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The more lots you trade - the more bonuses you earn
To reward our most dedicated customers we developed the SuperForex Loyalty Program - a system which allows you to accumulate points and trade them for prizes.
The loyalty program is open to all customers who create real accounts with us. Upon registration all members automatically enter the contest and start collecting points for rewards.

You can find more information and look for prizes at https://superforex.com/trading-points-loyalty-program

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AUD/CAD: fundamental review and forecast

The rates of the AUD/CAD continue in the frames of uptrend which has been formed in the beginning of the year. The canadian dollar is under the pressure of the record low oil prices this year. The price of oil fell for the week from 54 to 48 dollars per barrel for CL/WTI, contrary the forecasts for further stabilization of the market amid reduction of oil production. OPEC continues to say that the countries who joined the Agreement on the reduction of oil abide it in 90%. However, this somehow allows Saudi Arabia to increase oil production. Signals about increasing of oil production coming to the market regularly, and investors react it. In any case, the USA not even going to reduce oil extraction: the number of drilling rigs increases, and hence the volume of oil production will only be increasing. In such conditions, whatever OPEC do, they will not be able to stabilize oil prices.
Positive employment data in Canada, in particular, the increasing of the number of jobs at 15300 against the forecasted 2500, the level of unemployment at 6.6%, against forecasted 6.8%, couldn't change the situation for CAD. The rapid decline in oil prices was too rapid for the canadian currency.
The Australian dollar feels against the canadian more confident. 
The market reacted positively to the RBA's decision to leave interest rates unchanged. Yesterday, AUD was further supported by encouraging new statistics on the economy of China, where the volume of investment in basic capital was 8.9%, which is a very high and shows investor's confidence in China's economy, despite the negative aspects, such as data on the trade deficit of China for the first time in 3 years, and decreasing in exports.
On the AUD/CAD chart, we can't see the signs for trend reversal. Oscillator MACD is neutral. Stochastics expects a price correction, and offers to open a short deals against the trend. Such deals may be effective upon short-term trading. In addition, the price correction is expected on the oil market, which can support CAD. But upon the medium-term trading it is better in this situation to open the deals to BUY.

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Daily analysis for the currency pair EUR/GBP on 16.03.2017.

General analysis
Currency pair EUR / GBP continues to trade with an upward trend but the price was broken through resistance level 0.8700 and successfully fixed above this level.
Then the price has formed a reverse testing of the level 0.8700, which itself acts as confirmation for further bullish movement on the EUR / GBP pair.
The moving average (14) also confirms the presence of an uptrend. Furthermore yesterday the price pushed up from this moving average, thereby giving us one more signal that the bullish direction of the movement still overcomes the bearish.
However, the chart of the Stochastic indicator shows a decrease, but at the moment both signal lines of the indicator are in the neutral zone so we cannot bet this signal to much.
We recommend to open long positions for the EUR / GBP currency pair with target profit-taking points at 0.8830 and 0.8850.

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Trade Mobile with SuperForex

The SuperForex Mobile Platform is a unique mobile platform that allows traders to perform trading operations on the financial markets anywhere and anytime by accessing the trading terminal directly from their Android/iOS smartphone or tablet.

With our mobile platform it does not matter where you are - you can be at work, at home, on a vacation resort somewhere or stuck in a traffic jam on the way to a party - as long as you are with a smartphone or a tablet connected to the Internet, you will always be able to trade on the Forex market.
Learn more at https://superforex.com/superforex-mobile-platform

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GBP/CAD Technical Outlook after the CPI

A few minutes ago the CPI figures were released and came out 2.3% higher than expected at 2.1%, as well as higher than the previous data. As a result from the news from the UK the GBP has risen against all currencies. The pair we’ll be talking about today is GBP/CAD which rose by more than 80 pips after the news and is still rising at this moment.

The Currency pair is trading now around 1.6600 which is a key resistance area for several reasons. It’s a psychological level and is around 61.8% Fibonacci from the down wave from 1.7116 to 1.5735 - it is expected to decline from it and resume the down wave again. We have a supply zone at 1.6619 which is center for the bears and sellers; we can sell from there when the following conditions are completed.

The Stochastic indicator has reached the distribution area above 80 level and we are waiting for the 2 lines to cross above this level. The RSI is ahead to 90 level to make the distribution from there too.

The Next Few Days

Based on the analysis above, the pair is in a key resistance and supply area but we can’t sell the pair here. Instead, we have to wait for a bearish candle like a pin bar candle or an engulfing candle at a lower time frame chart like the H4 chart and sell the pair, keeping our first target at 1.6490 and the second one at 1.6400 at the SMA, which is a support level.

We have to be careful about upcoming hot news like the core retail sales today and CPI on Friday from Canada, as well as Carney's (BOE Governor) speech today.

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NZD/JPY: short market review and forecast

After the brief flat trend, the rates of the NZD/USD has returned to the downward trend. The Japanese yen continues to strengthen, while the New Zealand dollar is losing positions against all currencies. 
In particular, JPY has got support thanks the published data about the increased volume of exports, which in February rose by 11.3%, while the import grew only by 1.2%. Trade balance, adjusted for seasonal fluctuations, was 0,68. These indicators exceeded the forecasts and show good potential for the Japanese economy.
For the NZD we haven't received any data which could impact the rates and  change the situation for NZD. Last week, data about GDP only disappointed investors more because the growth was only 0.4%, against expected growth 0.7%. But today we expect important data from the RNBZ and their decision about the interest rate. It is expected that interest rate won't be changed and left at 1.75%. Also, on Friday will be information about the volume of exports and imports in New Zealand. Investors are positive in these indicators, in particular, expect a positive trade balance for the first time since June 2016.
Considering the forecasts for the NZD, it is possible to assume that in the evening we expect a price correction as a minimum. The New Zealand dollar will stop falling, and the quotes will go to the resistance line. Oscillators MACD and Stochastics unanimously confirm that now the best moment to open the deals to BUY, upon short-term trading.

Learn more at https://superforex.com/analytics

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Technical analysis of the currency pair EUR/USD on 23.03.2017. The daily chart

General analysis
At the end of last week currency pair EUR/USD has broken through the resistance level at 1.07800.
Over the last month, this level was a significant barrier of the price growth. Meanwhile the resistance 1.07800was an upper bound of the price channel 1.07800-1.05500. After breaking through the level the price has fixed above the level and now it shows so called "back testing".
According to the rules of technical analysis the possible price movement due to the penetration of the resistance line is measured by channel height. So we can see the dollar at 1.08500 in the near future.
Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.
Next few days
We recommend to open long positions on EUR/USD after the start of the upward movement from support at 1.07800. The point of entry must be sought at hour and half hour timeframes. You can open a buy position after formation of "doji" near the support or other reversal figures.
We recommend to set up S / L order at 1.07500.

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Get a 1000% bonus at your account
SuperForex invented a bonus that allows each trader to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.
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Earn more with the 120% Hot Bonus by SuperForex!

If you are an active trader on Forex and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.
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EURJPY Technical Outlook & no more Bears in the Market

Our recent report about EURJPY on March 14, we recommend you selling the pair around 122.50 when it was trading nearly to the downside trend line and we saw the pair has declined more than 300 pips and achieved our targets so today we’ll have a look the same pair again because it maybe change the future trend.

The pair is trading now at 120.10 which is strong support area because it has a trend line which has started on October 21, and it has too a correction percentage 61.8% Fibonacci from the rising wave which started from 118.20 to 122.85 so, we predict to move up a little in this tight area, but the pair is still trading below the SMA50 which is resistance moving level, the MACD is still in sell signal but the Stochastic indicator made accumulation movement and gave us a buy signal which is considered an early signal for us.

The Next Few Days

From this analysis, we can close our sell positions with +320 pips and take a buy order after the pair touched the rising trend line and keep our first target at 120.80 and the second one at the downside trend line at 122.15 that in case the pair still trading above 119.30

This week the market doesn’t have hot news from the EU or Japan so the market will be in poor volatility in the next trading days.

Read more reviews at https://superforex.com/analytics

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EUR/AUD: short review and forecast

The rates of EUR/AUD are in the frames of new upward trend, which has formed a month ago. The Euro strengthened against the U.S. dollar and many other currencies, including the Australian dollar (AUD). During the last few weeks we have not received any important information that would affect the Australian currency. The data that were on the market, were not enough. The iron ore prices are stable, the price of gold rising, but the price of copper is under the pressure due to increased volume of extraction. Positive statistics from Japan, the statements from China about plans to develop trade and economic relations with Australia, couldn't impact and strengthen the Australian dollar against the Euro. Thus, we can expect that the uptrend will continue in the near future. 
the Euro is on the rise this days. It's strengthened against the USD, as D. Trump's reforms face with huge resistance in the U.S. Congress and successfully block all possible ways. In addition, the Eurozone, last week received a positive statistic that shows stability and growth in economy of the leading EU countries. The Eurozone PMI in March, achieved the record level for 6 years, reaching 56.7 pips. Record PMI also in Germany and France, separately. All this inspired investors, and EUR now seems more stable amid the USD, despite the official start of Brexit. 
Oscillators indicate different signals. but in this situation, it is better to open the deals by the upward trend as Stochastics oscillator also confirmed and indicated good moment to open the deals to BUY.

Find more analysis at https://superforex.com/

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Trade Mobile with SuperForex

The SuperForex Mobile Platform is a unique mobile platform that allows traders to perform trading operations on the financial markets anywhere and anytime by accessing the trading terminal directly from their Android/iOS smartphone or tablet.

With our mobile platform it does not matter where you are - you can be at work, at home, on a vacation resort somewhere or stuck in a traffic jam on the way to a party - as long as you are with a smartphone or a tablet connected to the Internet, you will always be able to trade on the Forex market.
Learn more at https://superforex.com/ru/superforex-mobile-platform

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Sub-introducing Broker Partnership
SuperForex now gives you the opportunity to grow your own broker network with our Sub-Introducing Broker program. It works much in the same way as our Introducing Broker type of partnership, but instead of trying to recruit more traders, the goal of the sub-IB is to attract new partners. As a sub-IB, you can take advantage of the following benefits:

  • Earn on average $25 on the most popular trading currency pairs per standard lot on trades made by your referred clients;
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  • Promotional Materials.


Learn more at https://superforex.com/sub-introducing-broker

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Special Offer for NoSpread accounts!

Dear traders and participants on the Forex market,

SuperForex has always cared about its customers and wants you to gain true satisfaction from trading. Our marketing team has prepared for you a calendar of events which we have identified as important dates on which your trading might be even easier. Today we are concerned with one such date that has to do with Microsoft. 
 Microsoft is known for that it develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services. It was founded by Paul Allen and Bill Gates on April 4, 1975.

To honor this date, this March 20 our сustomers will have the opportunity to trade with a reduced commission for position opening (0.01%) on trading CFD Microsoft using our No Spread account. #MSFT
You can open your account at https://superforex.com

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Technical Outlook for USDJPY & Daily Chart

Since the Federal Reserve increase the interest rate last month and the US Dollar is in constant decline against the Japanese Yen from the highest level in the last two months at 115.49 to trade now at 110.40 it means more than 500 pips loss.

The USDJPY currency pair is trading now in series of corrective waves in a price channel which will lead the prices to make a correction movement to 50% and 61.8% Fibonacci, but we have a key support level at last month’s lowest prices that in case the pair broke it down we can take sell positions to make profits.

The MACD indicator is still giving us a sell signal and the bars are below the 0 value, the RSI didn’t give us the oversold sign yet, it means the pair will lose more pips.

The Next Few Days

From this analysis we can sell the pair now at 110.45 with small lot size and increase it once the pair broke the 110.15 level and keep our first target at 50% Fibo at 108.85 and the second one at 106.50 which reflect the 61.8% Fibo that in case the pair still trading below 111.70, if it broke 111.70 up we can buy it till 113.40.

We have to be careful in the upcoming hot news like the ISM nonmanufacturing PMI and the FOMC Meeting next Wednesday and the Non-Farm and jobs report on Friday

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