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Thread: SuperForex - Company News

  1. #1
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    SuperForex - Company News

    SuperForex Company wishes all traders a Happy New Year!
    The next year, we wish you to have only profit trades. We hope that the spirit of the holiday will bring you closer with your loved ones and fill your heart with kindness.
    Happy Holidays!



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    Technical analysis of the currency pair EUR/USD on 03/01/2017. The daily chart

    General analysis.
    Currency pair EUR / USD continues to move sideways during the whole last week.

    It should be reminded that not so long time ago the price has broken through the major support level 1.0520 and the price successfully fixed below it. Then it was back testing of this support but in time of testing there was a sharp surge in activity therefore the price has risen almost to 1.0670 but then during the same day again fell below the 1.0520 support.
    Considering the overall picture of the graph EUR / USD where we can emphasize a clear downward trend and the presence of such sell signals as: break through the price channel boundaries, back testing of it we can expect that further decline in this currency pair will continue.

    Schedule Stochastic indicator turned inside the neutral zone and demonstrates the downward movement.

    The following points to reduce the EUR will be the levels 1.0200 and 1.0180.
    We recommend opening the deal to sell with the average lots and placing orders S / L above 1.0650.


  3. #3
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    Technical analysis of the currency pair EUR/СHF on 05/01/2017. The daily chart
    General analysis
    During the past two weeks the currency pair EUR / CHF continues to move sideways and has formed maximum at 30.12.16 – 1.0760. However, last trading week closed with a couple of black candlestick with a big body and it is contrary to growth opportunities.
    The first trading days of the current week was held under the auspices of the bulls and now we can see a return to growth.
    Price has not been able to go below support 1.0690 by forming a rebound from this level.
    A few weeks ago the price has already been successfully beat off from support level 1.0690. After obtaining several signals from other tools and indicators we can confidently expect the beginning of growth.
    Next few days
    Currency pair EUR / CHF is already moving sideways for a long time and at the moment we have a lot of reasons to expect the test of the upper boundary of the channel at 1.0790. However, given the resistance level at 1.0750 there is the probability forming of the peak and further decreases to the bottom of support 1.0690.
    After after overcoming of local maximum at 1.0750 we can consider to open a long deals with targert points by 1.0790.

  5. #5
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    Analysis on the currency pair EUR/JPY
    Today, all the world is waiting the jobs report from the USA after the Fed raised the interest rate in Dec 2016 for the second time after 12 months from the first one, and it’s expected that this report will effect on all symbols even EURJPY which we’ll analyze today.
    The EURJPY currency pair is trading now around 123.00 key resistance area which is in the middle zone between 38.2 and 50% fibo from the correction wave which started after the Brexit so, it maybe raise to 125 and back to down again the medium term trend but in the short term we’re expecting that will touch the upper limit of the wedge and back again, but the SMA 50’s slope is horizontal that’s mean the pair don’t have the power to resume the movement.
    The RSI and Stochastic indicators still giving us buy signs so we’ll wait for the sell signal to enter the market.
    The Next Few Days
    We can sell the pair when we see it around 123.50 and make our first target at 121.90 and if the pair broke the wedge we have to sell it again to 119.00, but on the other side if it broke it up we can buy it to 125.
    We have to be careful from the Non-Farm report today from the USA at 13:30 GMT Especially when we listened one of the statements from the FOMC minutes on Wednesday was the possibility of unemployment undershooting the level at which the central bank believes it should settle at in the long term.


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    Technical analysis of the currency pair EUR / GBP on 10/01/2017. The daily chart

    General analysis
    On Monday 09/01/17 currency pair EUR / GBP continued its grow by forming big rising candle with by 100 points. Also, according to the results of yesterday's session the resistance level 0.8700 has been broken. Price was able to pass this mark and consolidate above the resistance level.

    We are not expected major news from the Eurozone today so that the news background will be unusually quiet.

    The graph of Stochastic indicator shows the clear upward trend.

    Next few days

    Break of the resistance level 0.8700 and fixing prices above indicates potential buy for
    EUR / GBP.
    However, given the propensity of this currency pair to form false breakouts and the mixed signals from the indicator we can conclude that the opening of sale should be made only after receiving confirmation of the breakdown and fixing of the price above the resistance level at least with two candles.

    The immediate goal to capture profits on above 0.8700 will be the level 0.8900.


  7. #7
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    Technical analysis of the currency pair EUR/СHF on 17/01/2017. The daily chart

    General analysis
    Since the end of December the currency pair EUR / CHF went into sideways movement and from that moment it did not leave the corridor 1.0760-1.0680 but wasn`t able to be fixed below it.

    At the moment, the price again is approaching to the level of 1.0680 and it will be for the fourth time in the last two months and there is every probability to expect the next rebound from this level.

    We expect price is going to 1.0680 and form a rebound from it to the top.
    However, intro-day traders have the an opportunity to play short and make profit on sell by entering the market is placing orders with TP at 1.0700. But trade against the general movement is quite risky trading. We recommend you to trade within a day only if you are a pro trader who have a lot of experience. Since this approach you should be able to quickly determine the entry point to the market.

    Schedule of Stochastic indicator shows a clear sell signal. The signal line of the indicator is in the neutral zone, however, both lines are directed downwards and creating a downward trend.

    Next few days

    We recommend opening buy orders after the rebound of the prices from support level 1.0680. In order confirm the signal is necessary to wait a few daily candle closed above the level at the approach to it. The immediate goal to fix the profit will be the level 1.0745.

    While trading for a fall to 1.0680 support you recommend to open average lots in the 1-2% of the deposit and placing orders SL and TP at a ratio of 1 to 2.

    At a penetration level of price support 1.0680 and fixing prices below it, there is a possibility of another scenario.
    The price will continued to decline and then we need to be guided by at least the height of the channel in 90 points and the support 1.0630.


  8. #8
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    The daily chart of EUR/GBP currency pair 19.01.2017.

    General analysis
    After a substantial decline on Monday 17/01/17 Currency EUR / GBP pair is back in the frame of the price channel 0.8700 - 0.8340 and yesterday's daily candle closed below this level. Movement on Tuesday was about 170 points and was due to the overall growth of the British currency. The price of the British pound was also increased against all major quotations.

    So far it is difficult to assert unambiguously about the role of level 0.8700 will it be a significant obstacle for the price for the price or not. But in the case of back-testing of it from the inside of the channel and rebound from it traders will be good reason to play on the slide.

    Comparing the Stochastic indicator chart with price graph we can see a clear divergence which was formed last Friday. Such trading signal on the daily chart and with and rising market it is quite strong signal to sell Euro and it cannot be ignored.
    Signal lines of Stochastic indicator has been crossed and demonstrates a clear buy signal.

    Next few days
    Considering the overall situation in the market for the Euro and price closeness to a significant resistance level at 0.8700 and the presence of divergence in the graph we have all the signals for the opening of sales for EUR/GBP.
    The general trend is still increasing but today there is the most favorable situation to play on the rollback of the price.

    During this week, we are likely to see a decrease to at least 0.8575 or even further to 0.8500.

    We recommend to open sell position on EUR/GBP if the price goes below than 0.8650 with a target points for profit taking at 0.8575. Orders S/L we need to set up at 30-50 points above the enter point.

    This article is provided in the form of recommendations for trading and SuperForex Company is not responsible for the result of transactions made by you based on this analysis.
    Please be aware that CFD and FX trading on margin carry high levels of risk. Traders should ensure they understand the risks associated with leveraged CFD and FX trading before deciding to trade.


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