SuperForex - Superforex.com

Technical analysis of the currency pair EUR/СHF on 21/02/2017. The daily chart

General analysis.
From the moment of opening of the market this week currency EUR/СHF pair is trading without significant volatility and practically without any growth or decline. Right now, the price is located at the same level as it was at opening time on Monday - 1.0665. On the graph, we can see a clear upward movement during the last week without any corrections. At the moment, the price is approaching to the support level on the mark 1.0630 and we have all the reasons to expect a «rebound» from it.
Traders should attentively follow the market in next few days and after receiving confirmation about the "rebound" from the level opens long deals with a medium volume.
Stochastic indicator shows the movement of the signal lines in the overbought zone and at the moment we see them crossing of it and the penetration level 20 from the bottom up, that is a signal to buy.
Next few days
Today, it is too early to open long since the bottom of the downward movement was not formed yet and there is a high probability of "false breakouts". But at the same time, it is too late to open long.
We recommend opening for buy after the bottom formation at the level of 1.0630 with target points of taking profit at the mark 1.0670. Order S/L can be set up by 20-30 points lower than the downward movement bottom.

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 https://superforex.com/hot-bonus

Trade on NoSpread account with a reduced commission!
Dear traders and participants of the Forex market, SuperForex company always cares about its customers and want you to gain true satisfaction from trading. Our marketing team has prepared for you a calendar of events, which we have identified as the most important dates. During these dates you will have the opportunity to trade with a reduced commission for opening transactions (0.01%) using No Spead account. February 24 Day of the Flag of Mexico and this means that all our customers have the opportunity to trade with a reduced commission on all Mexican Peso
quotes. All you need to do is open No Spead account.
We wish you a successful trading!
You can find more info at https://superforex.com/company-news/trade-comfortable-with-no-spread-type-account

SuperForex Easy Deposit bonus
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/ru/easy-deposit-bonus

SuperForex 40% Welcome Bonus
Thanks to this highly popular bonus you can easily increase your trading volume and realize 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 https://superforex.com/welcome-bonus

Technical analysis of the currency pair EUR/USD on 28/02/2017. The daily chart
General analysis
Since the beginning of February the rate for the currency pair EUR/USD has started to decline and now approached to the support level - 1.0550.
Level 1.0550 acted as resistance level for the price previously, also the price tested it on both sides and now the price again has approached the level of 1.0550 and the decline has stopped. Last fall to this support was the last week and price successfully strayed up from it.

This week the price again approached to the level of 1.0550 and the last two daily candle closed as a "doji" thereby forming a bottom.

Also today we should pay attention to news coming out of the USA, for today we going to see the publishing of the data about the United States GDP, Consumer Confidence rate and the speech of the President Trump. Usually the output of such data has a significant impact on the market movement.

We recommend expected major news from the USA and if there will not big surprises open the deal to buy after formation of a "double bottom" at the level of 1.0550.

You can start trading Forex without any funds with SuperForex No Deposit Bonus!

Getting started with Forex trading can seem like an overwhelming experience - it doesn’t have to be!

Trading can be simple and easy with SuperForex. Now you don’t even need to risk your own capital in order to begin trading. Our No Deposit Bonus is here to help with that.
The No Deposit Bonus is a unique one-time offer that you can apply for. If you meet the necessary requirements stated in the bonus Terms and Agreement, you will get $25 to trade with - and you don’t need to deposit even a cent!
Note that the bonus money can be spent to open deals but can’t be withdrawn. However, the profit that you earn from trading is rightfully yours and you’re welcome to withdraw it.

You can find more info via this link https://www.superforex.com/no-deposit-bonus

You can start trading Forex without any funds with SuperForex No Deposit Bonus!

Getting started with Forex trading can seem like an overwhelming experience - it doesn’t have to be!

Trading can be simple and easy with SuperForex. Now you don’t even need to risk your own capital in order to begin trading. Our No Deposit Bonus is here to help with that.
The No Deposit Bonus is a unique one-time offer that you can apply for. If you meet the necessary requirements stated in the bonus Terms and Agreement, you will get $25 to trade with - and you don’t need to deposit even a cent!
Note that the bonus money can be spent to open deals but can’t be withdrawn. However, the profit that you earn from trading is rightfully yours and you’re welcome to withdraw it.

You can find more info via this link https://www.superforex.com/no-deposit-bonus

Technical analysis of the currency pair AUD/USD on 02/03/2017. The daily chart

General analysis
Currency pair Australian dollar / US dollar over the past few months shows a clear up trend without any significant corrections. Upward movement started from the beginning of 2017 and at present makes 600 points. However, last week the price reached the 0.7700 resistance level which for almost a year make a serious impact on the price movement.

A large number of times the price bounced back from this level and never being able to overcome.
At the moment, the price reached to the 0.7700 resistance level ones again and two indicators show a confirmation of a signal to sell at the same time - the Stochastic and moving average (14).

Stochastic shows a clear divergence for the last few price peaks, which is also a signal to sell short the AUD / USD.
Also, the price crossed the moving average (14) from top to bottom and successfully entrenched below the line, which also indicates a bearish trend.

We recommend to open short positions on the currency pair AUD / USD with the target points profit taking at levels 0.7570 and 0.7520.

SuperForex Trading Points Loyalty Program


SuperForex clients always get more: now with every trade you make, regardless of the outcome, you win trading points for our Loyalty Program.

The SuperForex Loyalty Program is an exclusive offer that allows you to use the volume of your trades to accumulate points which can be exchanged for amazing prizes such as smartphones, tablets, or even more trading bonuses. You can learn more about exchanging points to prizes here https://superforex.com/trading-points-loyalty-program

Exchanger Partnership
If you dabble in the business of exchanging currency online, we have great news for you: you can make substantial extra profit on the side by becoming a SuperForex partner.

What’s in it for you:
Get up to 75% on the spread - the highest commission on the market;
A free exchanger website complete with all kinds of web resources such as banners, APIs, informers, etc. from SuperForex;
Full partner statistics and customizeable affiliate links in the Partner’s cabinet.

All you need to do in return is to refer clients to us by using our wide set of online and offline promo materials. Learn more at https://superforex.com/Exchanger

Daily analysis for the currency pair EUR/GBP on 07.03.2017.

General analysis
During the last 8 trading days, the EUR / GBP currency pair shows a clear growth absolutely without any correction. The growth value was about 280 points. At the moment, the price have closely approached to the resistance at around 0.8700 and the best solution is to take the current profit on long positions.
The further upwards movement is quite possible but you should receive a confirmation of the breakdown of the resistance level of 0.8700 before continuing to play long.
Over the past six months, the price has repeatedly demonstrated a retreat from this level and we can confidently expect a certain reaction in the movement of the price as it approach to this level again.
The most likely we will see a retreat from this mark as it also coincides a with the Fibonacci correction level of 61.8 percent of the last downward movement.
When receiving a confirmation of the release or level breakdown, we should play in the same direction.
The target profit-fixing points for EUR / GBP on a way down is 0.8550 and 0.8470.

The more trades you make - the more real money you earn

The Dynamic Bonus is designed based on the principle of communicating vessels – nothing can change in one without affecting the other. In our case - the number of your trade orders will dynamically be reflected in the amount of the funds you may withdraw. This means the more trades you make, the more real money you can withdraw.

For each lot you trade with us, we will release $1 from the bonus amount for you to withdraw.

The Dynamic Bonus is calculated based on the amount of the deposit as follows:
from $100 to $500 – the bonus is 20%
from $501 to $1500 - the bonus is 15%
from $1501 to $3000 - the bonus is 10%
over $3000 - the bonus is 25%
Learn more here https://superforex.com/dynamic-bonus

Technical analysis of the currency pair GBP/USD on 09/03/2017. The daily chart

General analysis
Over the past month the currency pair GBP/USD had been sideways movement in the frame of long-term downward movement.
Right now, here is probability of formation the market turning point and the continuation of the downward movement. At the moment, the price is trading in the range of 1.2130 - 1.2760
Of course, it would be safer for us to trade after a confirmation about the rebound from the significant level of support at 1.2130. But, unfortunately, not everything goes the way how we want to. The beginning of the continuation of the downward movement most likely already began and we should have time to "jump into the departing train".
Current situation on the daily chart
During the last two trading weeks currency pair GBP/USD has been showing a high volatility and decreased by 410 points. Price reached the local level of support at 1.2130 and right now is located close to it.
A predictions of the course of events in a next few days
Long positions on GBP/USD is not relevant at the moment and it is probably going to 1.2000.
Considering presence of medium-term downtrend we recommend open short after a penetration of support level at a 1.2770 with target points on profit-taking at 1.2050 и 1.2000.

SuperForex Money

We’re happy to let you know that SuperForex has developed a new innovative feature - SuperForex Money, which will be helpful in client acquisition.
SuperForex Money is a payment method developed by SuperForex. It is a really unique offer on the market which will additionally give you a 7% discount from each deposit. How can you get the discount? Simply use SuperForex Money! How does it work? You can purchase money prepaid cards with a face-value $10, $50, $100, $500 and $1000. However, you can get them with a price 7% cheaper than the actual amount (e.g. cards with a face-value $100 you can purchased for $93).
Moreover, this is a great opportunity for you and your clients to avoid paying payment system fees.
Learn more at https://superforex.com/superforex-money

Deposit Insurance
With SuperForex you never have to worry about the safety of your deposits.
For maximum security during trading SuperForex offers its customers a Deposit Insurance service. By insuring your deposit with us you can be certain that you can always get it back, even if you make a losing deal.
With the Deposit Insurance Program customers can insure up to 100% of their deposit and recover it entirely after suffering a loss.
Learn more at https://superforex.com/funds-security

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 at https://superforex.com/trading-points-loyalty-program

AUD/CAD: fundamental review and forecast

The rates of the AUD/CAD continue in the frames of uptrend which has been formed in the beginning of the year. The canadian dollar is under the pressure of the record low oil prices this year. The price of oil fell for the week from 54 to 48 dollars per barrel for CL/WTI, contrary the forecasts for further stabilization of the market amid reduction of oil production. OPEC continues to say that the countries who joined the Agreement on the reduction of oil abide it in 90%. However, this somehow allows Saudi Arabia to increase oil production. Signals about increasing of oil production coming to the market regularly, and investors react it. In any case, the USA not even going to reduce oil extraction: the number of drilling rigs increases, and hence the volume of oil production will only be increasing. In such conditions, whatever OPEC do, they will not be able to stabilize oil prices.
Positive employment data in Canada, in particular, the increasing of the number of jobs at 15300 against the forecasted 2500, the level of unemployment at 6.6%, against forecasted 6.8%, couldn't change the situation for CAD. The rapid decline in oil prices was too rapid for the canadian currency.
The Australian dollar feels against the canadian more confident.
The market reacted positively to the RBA's decision to leave interest rates unchanged. Yesterday, AUD was further supported by encouraging new statistics on the economy of China, where the volume of investment in basic capital was 8.9%, which is a very high and shows investor's confidence in China's economy, despite the negative aspects, such as data on the trade deficit of China for the first time in 3 years, and decreasing in exports.
On the AUD/CAD chart, we can't see the signs for trend reversal. Oscillator MACD is neutral. Stochastics expects a price correction, and offers to open a short deals against the trend. Such deals may be effective upon short-term trading. In addition, the price correction is expected on the oil market, which can support CAD. But upon the medium-term trading it is better in this situation to open the deals to BUY.

Daily analysis for the currency pair EUR/GBP on 16.03.2017.

General analysis
Currency pair EUR / GBP continues to trade with an upward trend but the price was broken through resistance level 0.8700 and successfully fixed above this level.
Then the price has formed a reverse testing of the level 0.8700, which itself acts as confirmation for further bullish movement on the EUR / GBP pair.
The moving average (14) also confirms the presence of an uptrend. Furthermore yesterday the price pushed up from this moving average, thereby giving us one more signal that the bullish direction of the movement still overcomes the bearish.
However, the chart of the Stochastic indicator shows a decrease, but at the moment both signal lines of the indicator are in the neutral zone so we cannot bet this signal to much.
We recommend to open long positions for the EUR / GBP currency pair with target profit-taking points at 0.8830 and 0.8850.

Trade Mobile with SuperForex

The SuperForex Mobile Platform is a unique mobile platform that allows traders to perform trading operations on the financial markets anywhere and anytime by accessing the trading terminal directly from their Android/iOS smartphone or tablet.

With our mobile platform it does not matter where you are - you can be at work, at home, on a vacation resort somewhere or stuck in a traffic jam on the way to a party - as long as you are with a smartphone or a tablet connected to the Internet, you will always be able to trade on the Forex market.
Learn more at https://superforex.com/superforex-mobile-platform

American Express: Limited Offer!

Dear traders and participants on the Forex market,

SuperForex has always cared about its customers and wants you to gain true satisfaction from trading. Our marketing team has prepared for you a calendar of events which we have identified as important dates on which your trading might be even easier. Today we are concerned with one such date that has to do with American Express.

American Express is an American multinational financial services corporation headquartered in New York City, United States. It is one of the 30 components of the Dow Jones Industrial Average. March 20 is the founding date of Amex.

To honor this date, this March 20 our сustomers will have the opportunity to trade with a reduced commission for position opening (0.01%) on trading CFD American Express using our No Spread account. #AXP
You can open no spread account via this link https://my.superforex.com/register-client

GBP/CAD Technical Outlook after the CPI

A few minutes ago the CPI figures were released and came out 2.3% higher than expected at 2.1%, as well as higher than the previous data. As a result from the news from the UK the GBP has risen against all currencies. The pair we’ll be talking about today is GBP/CAD which rose by more than 80 pips after the news and is still rising at this moment.

The Currency pair is trading now around 1.6600 which is a key resistance area for several reasons. It’s a psychological level and is around 61.8% Fibonacci from the down wave from 1.7116 to 1.5735 - it is expected to decline from it and resume the down wave again. We have a supply zone at 1.6619 which is center for the bears and sellers; we can sell from there when the following conditions are completed.

The Stochastic indicator has reached the distribution area above 80 level and we are waiting for the 2 lines to cross above this level. The RSI is ahead to 90 level to make the distribution from there too.

The Next Few Days

Based on the analysis above, the pair is in a key resistance and supply area but we can’t sell the pair here. Instead, we have to wait for a bearish candle like a pin bar candle or an engulfing candle at a lower time frame chart like the H4 chart and sell the pair, keeping our first target at 1.6490 and the second one at 1.6400 at the SMA, which is a support level.

We have to be careful about upcoming hot news like the core retail sales today and CPI on Friday from Canada, as well as Carney's (BOE Governor) speech today.

NZD/JPY: short market review and forecast

After the brief flat trend, the rates of the NZD/USD has returned to the downward trend. The Japanese yen continues to strengthen, while the New Zealand dollar is losing positions against all currencies.
In particular, JPY has got support thanks the published data about the increased volume of exports, which in February rose by 11.3%, while the import grew only by 1.2%. Trade balance, adjusted for seasonal fluctuations, was 0,68. These indicators exceeded the forecasts and show good potential for the Japanese economy.
For the NZD we haven't received any data which could impact the rates and change the situation for NZD. Last week, data about GDP only disappointed investors more because the growth was only 0.4%, against expected growth 0.7%. But today we expect important data from the RNBZ and their decision about the interest rate. It is expected that interest rate won't be changed and left at 1.75%. Also, on Friday will be information about the volume of exports and imports in New Zealand. Investors are positive in these indicators, in particular, expect a positive trade balance for the first time since June 2016.
Considering the forecasts for the NZD, it is possible to assume that in the evening we expect a price correction as a minimum. The New Zealand dollar will stop falling, and the quotes will go to the resistance line. Oscillators MACD and Stochastics unanimously confirm that now the best moment to open the deals to BUY, upon short-term trading.

Learn more at https://superforex.com/analytics

Technical analysis of the currency pair EUR/USD on 23.03.2017. The daily chart

General analysis
At the end of last week currency pair EUR/USD has broken through the resistance level at 1.07800.
Over the last month, this level was a significant barrier of the price growth. Meanwhile the resistance 1.07800was an upper bound of the price channel 1.07800-1.05500. After breaking through the level the price has fixed above the level and now it shows so called "back testing".
According to the rules of technical analysis the possible price movement due to the penetration of the resistance line is measured by channel height. So we can see the dollar at 1.08500 in the near future.
Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.
Next few days
We recommend to open long positions on EUR/USD after the start of the upward movement from support at 1.07800. The point of entry must be sought at hour and half hour timeframes. You can open a buy position after formation of "doji" near the support or other reversal figures.
We recommend to set up S / L order at 1.07500.

Get a 1000% bonus at your account
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