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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.

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We present to your attention a post-release of the second day of the exhibition ShowFx World in Kiev, December 18, 2016.
We already told you about the performance of the first day and about some winners of our raffle. Here is an overview of the second day of the exhibition.
The second day of the exhibition turned out to be even more popular and at the end of the day the number of registered visitors exceeded one thousand.
First of all, everyone wanted listen to lectures by leading speakers, and of course take part in major raffles made by various companies. On the second day the guests of the exhibition attended talks by such speakers as Mikhail Makarov, Alexander Litvinenko, Alexander Timofeev, Alexander Davydov, and, as a special guest, one of the leading business coaches of Ukraine and the CIS region - Alexander Tischuk.
But the main event of the second day were certainly lotteries from companies. SuperForex raffled certificates for a total amount of  $2,000 on the second day.
The lucky owners of these certificates are:

  • $1000 Kolpikova, Galina
  • $500 Stepchenko, Gleb
  • $500 Shishkin, Sergey

 

In addition, everyone could get additional scratch card for taking a photo with the representative of the company and sharing it on social networks.
We are very pleased with all who visited our stand at the exhibition. Thank you for an amazing atmosphere and incredible emotions. We will be glad to meet you in future exhibitions.
If you have any ideas of how to improve the performance of our company, you can always send us an email.

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Now you can cherge your deposit via Paysafe!

SuperForex is happy to announce that we have expanded our line of payment methods and we have now included Paysafe cards to our services. 

Paysafe cards are an easy and secure way to make transactions online and is also supported in many stores around the world. The service is part of Paysafe Group, a corporation that also includes payment systems such as Neteller and Skrill, among others.

Using Paysafe for your transactions is fast and safe. It does not share any details about your banking information, which gives you an added level of security and privacy. All you need to do is open a Paysafe account and purchase a card - you can choose among different packages for different sums. For instance, you can buy a card worth $100 and those will be the available funds you can use. This minimizes any risks for you and it’s possible to purchase cards with smaller limits as well. For transactions you just need to provide your Paysafe username with no connection to your bank account or other services you used to purchase your Paysafe cards.

You can browse all of our available payment methods here.
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Charge your trades with our 60% Energy Bonus!
SuperForex has prepared a special offer for its most active users. All that you need to do is apply for the bonus and recharge your account.
Every time you make a deposit to your account you will receive a 60% bonus - regardless of the amount of the deposit. To get the 60% Energy Bonus you need to open a live trading account and subscribe for the bonus from your Client Cabinet.
You can find more info via this link

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SuperForex 40% Welcome Bonus
Thanks to this highly popular bonus you can easily increase your trading volume and realise a much better trading profit!
For an unlimited period of time SuperForex’s new members will get a 40% bonus on each initial deposit. To obtain the 40% Welcome Bonus all you need to do is register a live trading account with us and submit the “Get the 40% Welcome Bonus” button from the Client's Cabinet.
Read more here

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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.

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Use advanced technologies with SuperForex!
In our desire to keep your business current in the world of innovative technologies, SuperForex brings its partners Application Programming Interfaces (APIs) - sets of tools, routines and protocols that help in software interaction. Our professional team of programmers has developed a number of APIs you can use directly on your websites to make trading even more convenient for your clients.
You can find more info via this link

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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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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.
In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.
For more details click here

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Technical analysis of the currency pair EUR/USD on 24/01/2017. The daily chart

General analysis.
On the background of the general weakness of the US dollar currency pair EUR / USD continues to rise and now has reached the level of 1.0780. The growth started from the very first days of January and continues until today. 

On Monday 23 January, the price approached the level of resistance at 1.0800. The last time the price was in near the mark is in the middle of December 2016, that time price had been bounced of the resistance 1.0800 which marked the beginning of a serious decline.  
Given the general downtrend for the EUR / USD we can expect a repetition of such a scenario and a second rebound is quite likely to be happened. 

The earlier opened long positions most desirable to close today at the market price.       

Stochastic indicator shows an upward movement and the signals lines is located in overbought zone. 
As a confirmation of such scenario will be the signal of the intersection of the signal lines and exit of the overbought zone from top down. 

Next few days

We recommend opening the deal to sell with a given currency pair while receiving confirmation of the rebound from the level 1.0800. 
As a confirmation, will be performing a few daily candles closed below this level.

A targets for the price decrease will be 1.0650 and 1.0600.

Note: 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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Are you subscribed to our social media channels? 
Get exclusive information about special offers and promotions by following SuperForex online - on Facebook, VKontakte, Twitter, or YouTube! 
Special offer: for a limited period of time we will be granting a bonus of $5 to all new followers. Get in touch with our Customer Support in order to claim your bonus.

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Daily analysis for the currency pair EUR/GBP on 26.01.2017. 

General analysis

Currency EUR / GBP pair continued to decline and during this week, has already dropped for almost 200 points. At the moment, the price of the euro declining versus all major quotes and most likely this will continue at least until the end of this month and possibly even further.

As we predicted earlier the intersection of the price and simple moving average (14) on a daily chart was an excellent signal for sell.

Even given the fact that now is forming a fairly steep downtrend and there is a high probability of correction, sales EUR / GBP is still promising. 

Schedule Stochastic indicator to be in oversold zone, indicating a clear advantage of the sellers.
 
Next few days

We expect a continued of the decline for EUR / GBP at least until the end of January. Target points of profit taking on sales will be the support level of 0.8300.
There is a possibility of formation of correction against the downward movement so given this fact, the most favorable is opening of the position after the correction is over. 

By calculating the depth of the correction, we recommend to orient on the Fibonacci correction levels - 23.6%, 38.2%, 50%, 61.8%.

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SuperForex Trading Points Loyalty Program!
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 via this link

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SuperForex Trading Points Loyalty Program!
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 via this link

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Get 1000% of the amount of your deposit!

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.
Learn more via this link https://superforex.com/easy-deposit-bonus

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Technical analysis of the currency pair USD / CHF on 31/01/2017. The daily chart

General analysis
The price of the currency pair USD / CHF continues to decline and the yesterday tested the support level 0.9950. This fall began in mid-December last year and since then the price has dropped almost 400 points. During the last week price has been approached to the 0.9950 level several times and here again, the price came close to this mark, and closed above the level. 

Earlier 0.9950 level acted as resistance to the price through which the price could not get through for a long time. Now we expect the same effect from a given level only as of the level of support. Therefore, we can expect prices rebound from 0.9950 support.

Given the fact that the overall trend still is downward and indicator gives us sell signal transactions with the rebound from the level should be opened quite carefully. It is necessary to wait for confirmation of the rebound of at least two candles and only after this to open the transaction for the purchase.


Next few days
We recommend to open the transaction on buy after a rebound from 0.9950 support the target points of profit taking will be the moving average line (14) on the daily chart, as well as the level of 1.0060.

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Partnership Program - Introducing Broker

Introducing Broker is one of the most exclusive collaborations with SuperForex. The partner who is an Introducing Broker advertises the services of our company in order to attract new customers and receive commission on the transactions of the clients in their affiliate group. Companies that want to act as our Introducing Brokers receive the status of official representatives of SuperForex.

As Introducing Broker you will earn a commission for each attracted client. We will give you a wide range of tools to improve your business, including our promotional materials, trading platform and financial services.
Learn more via this link https://superforex.com/introducing-broker
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No Intermediary Fees on Deposits

SuperForex does not charge any internal fees for deposits or withdrawals. We encourage our international clients to contact their banks regarding any fees they may charge for transferring funds, including currency conversion fees.
For unlimited period of time, we will cover in full or partially the intermediary fees charged by the payment systems when customers deposit funds with us.
Deposit fees are now covered for all payment systems. If you haven’t benefited from this option yet, open an account with us and enjoy trading with us. Learn more at https://superforex.com/no-fees-on-deposit

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USD/SEK – review and short term forecast.

As expected in the previous month, the upward trend finally ended and now the rates of USD/SEK is in the frames of the downtrend. during the week, the dollar was weakening against major currencies due to investors fearing the policy of D. Trump. In addition, the U.S. Federal reserve left rates unchanged and signaled that a rate won't be also changed in March. decreasing of the USD has been stopped yesterday and strengthened thanks to positive statistics from the USA about increase in jobs in the private sector, and obtained data about the growth of the business activity index. And it allowed the dollar to regain lost positions by the end of the week.
On the other hand, the Swedish economy demonstrates an enviable stability and in the near future, has good perspective. By the end of 2016, Sweden has the highest rates of return for households and private business sector at the peak of growth. the only fear is a promoting activity of some social and political organizations for the introduction of a 6 hour working day, which can lead to a wave of reductions due to high costing labor force, and higher unemployment then. But now things are going well for Sweden, and the Swedish Krona (SEK) continues strengthening.
At the moment MACD oscillator shows signal to BUY opening the deals against trend. Such deals can be effective upon short term trading. Upon middle and the long term trading the best solution is to open the deals to SELL as we can’t see any preconditions for new trend reversal.

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Special Offer: Investment Projects
If you are working on a project that attracts investment in the Forex market, then the Investment Project type of partnership is perfect for you. SuperForex will provide you with the widest selection of tools to attract new customers and profit from it. Your profit is based on the commission of the size of funds raised.
You can find more info here or contact our support team.
 
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