EUR/USD Technical Analysis

We are waiting for a downtrend.

Technical Analysis
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EUR/USD Technical Analysis

Since the beginning of the fall of stock indices the exchange rate for the reserve currency began to strengthen, and at this point the dollar index has grown more than a hundred points since the beginning of the week.

Today a Senate vote is to be held on the two-year budget agreement that will provide additional funding of $300 billion so that the government would not close down.

In the US today there will be speeches by members of the FOMC Kaplan, Harker and Kashkari, which can cause a surge of activity of investors and increase the volatility of the pair.

In the eurozone there will be a speech by members of the ECB Mersch and Prato, which would also not go unnoticed by traders.

Considering our schedule in terms of technical analysis, we can see a "double top" pattern on the 4-hour chart, which in turn can help our pair to test the next support level. In reviewing the daily chart pattern, it is more like the "head and shoulders" figure, which is a reversal pattern.

Because of this, we should consider the possibilities for entering short positions and look for the entry point at the "shoulder" at the mark of 1.23 and expect the pair to further test the price level of 1.2.

SuperForex
CAD/JPY: Fundamental Review & Forecast

Technical Analysis

CAD/JPY: Fundamental Review & Forecast

Investors this week prefer safe assets, so the JPY increased in price against the CAD. Short deals seem most effective now.

SuperForex
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EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

We are waiting for the confirmation signal.

SuperForex
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GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

We expect a correction on the financial markets.

SuperForex
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