AUD/CAD Technical Analysis

We are waiting for a price correction.

Technical Analysis
03. 4. 2018
AUD/CAD Technical Analysis

Today an interest rate decision was published in Australia. As expected, the Reserve Bank of Australia left interest rates unchanged at the level of 1.5%. The latest data on production activity gives hope for the strengthening of the Australian dollar.

The powerful downward momentum of the pair weakened against the backdrop of rising energy prices. At the moment we expect a correction for our pair.

Looking at the chart, we see that the price is currently trying to overcome the resistance level and gain a foothold above the MA (28). If this scenario is confirmed, we expect an upward movement.

Technical indicators show weak signals for purchase at the moment. However, if we view the chart from the point of view of wave analysis, we can expect the formation of a second wave and a price hike to 0.9945.

If the price does not manage to gain a foothold above the moving average, then the price will again test the level of 0.9870. In this scenario, we expect an advance to the level of 0.9800.

SuperForex
Russia Strikes Back

Technical Analysis

Russia Strikes Back

Russia is taking action against Western countries in light of Skripal scandal.

SuperForex
30. 3. 2018
NZD/USD: Fundamental Review & Forecast

Technical Analysis

NZD/USD: Fundamental Review & Forecast

Soft monetary policy and unconvicing economic statistics negatively impact the NZD value. Short deals seem the most effective at the moment.

SuperForex
30. 3. 2018
EUR/USD Technical analysis

Technical Analysis

EUR/USD Technical analysis

We expect a downward movement.

SuperForex
29. 3. 2018