GBP/USD Technical Analysis

The pair is undergoing a price correction.

Technical Analysis
09 ene 2018
GBP/USD Technical Analysis

After the New Year holidays the dollar stopped its decline. The dollar index demonstrates growth for the consecutive third day. After a three-week fall, it began to strengthen its position. In anticipation of the Fed's speakers, the reserve currency, along with the major indices, showed growth during the North American trading session yesterday.

Yesterday the falling yield of British government bonds helped the pound to restore its positions. However, at the moment the growth of the pound may be hampered by the political risks associated with a reshuffle in the cabinet-ministers. In addition, the UK's exit from the EU will have an impact on both the pound and the single currency.

Considering the technical outlook, we can observe the corrective movement of the pair. The RSI and Stochastic are directed down and point to the sale. At the moment our pair is at the resistance level of 1.3530 and is trying to overcome it. In the event of a breakout, we expect the pair to move further to Fibo 23.6, which is near the 1.3450 mark.

Our trading advice is to open short positions when we break through our resistance level and plan Take-profits near the Fibo level.

SuperForex
EUR/USD Technical Overview & Daily Chart

Technical Analysis

EUR/USD Technical Overview & Daily Chart

Though the pair is still moving in an upward channel, today the euro is losing ground to the dollar.

SuperForex
09 ene 2018
What’s Happening in Iran?

Technical Analysis

What’s Happening in Iran?

We take a closer look at the protests in Iran and how those might interfere with the global markets.

SuperForex
05 ene 2018
CAD/JPY: Fundamental Review & Forecast

Technical Analysis

CAD/JPY: Fundamental Review & Forecast

The Canadian dollar is still strenthening but it's losing one of the support factors - rising oil prices. The deals to SELL would be most effective in the medium term.

SuperForex
05 ene 2018