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Superforex is a new brokerage company with worldwide operations. Since you may not have heard about is yet, here is a proper introduction:
SuperForex is an internationally regulated brokerage house licensed by the International Financial Services Commission (IFSC). Our business is dedicated to providing clients from more than 100 markets around the world with a large selection of financial instruments for algorithmic or self-trading, money management and investment, so they can trade on the Forex market. We are also the winners of Forex Report’s Best Newcomer award for 2015.
At SuperForex we offer you a wide range of trading instruments. By opening an account with us, you will be able to use more than 300 trading tools, such as currency pairs (including exotic pairs), CFDs on American shares, CFDs on precious metals, Oil, Futures on agriculture and world indices (Dow Jones, Nasdaq, DAX, Nikkei), among others.
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2016-09-07T09:57:44Z
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Traders from all over Java gathered last weekend in Salatiga for a trading workshop on Free Share Trading Systems organized by the official Superforex Semarang representative. On Friday, Feb 26, the Kafeole Cafe in Salatiga was transformed into a hub for 25 Forex traders from Salatiga, Solo and Semarang, who gathered to discuss their trading strategies over coffee and appetizers. The event was lead by our Indonesian representative, Mr. Andreas Bayu Saputro. Another speaker, Mr. Joe, presented a trading system that was applied directly in live trading using the SuperForex MetaTrader 4 platform.
After the conclusion of the presentations, the attending traders had a chance to participate in a trading competition. The winner was awarded with a $50-charged live trading account.
Thanks to all who took part in this event and congratulations to the winner. Don’t forget that next week Superforex will be at ShowFX in Moscow. Stay tuned for more details!
Keep your money safe with our Deposit Insurance!
To make our customers feel safe while trading we at SuperForex have developed a Deposit Insurance Program. With it everyone choosing to trade with SuperForex can enjoy the freedom of trading without any worries of losing his funds regardless of transactions outcome.
The Deposit Insurance Program allows customers to insure up to 100% of their deposit and earn it back in case of loss. Learn more
here .
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2016-09-07T09:56:59Z
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Come & meet us on 17.09 in Singapore at ShowFX World!
Our team will be represented there by an analyst Semyon Tochilin, with the theme: "Forex Strategy for the novice or how to choose the optimal trade strategy for a beginner."
Don`t lose a chance to discuss trading situation with SuperForex analitics and become a SuperForex Trader or to speak about partnership conditions with our Business Development team.
You’ll also have the unique chance to participate in a lottery and win up to $500. Other amazing offers are also awaiting you in Singapore.
Will be glad to answer all your questions. See you there!
Partnership - The Best Commission on the Market!
Increase your income doing nothing.
SuperForex partners can enjoy the most competitive commission on the market - up to 75% on the spread. As long as your clients continue to trade, you will earn commission based on their activity. SuperForex does not impose a ceiling on commission revenue, which means the amount you earn depends entirely on the trading activity of your clients. We also offer you a sub-Introducing Broker type of partnership, where you benefit from trades conducted by your clients’ clients.
Don`t lose a chance to receive your additional income.
You can contact the
Partnership Department if you’d like to learn more.
Trying to get started with Forex trading? Now you can get more profit from begining. Get more value for your money by claiming our 40% Welcome Bonus! For unlimited period of time SuperForex’ new members will get a 40% bonus on each initial deposit. The 40% Welcome Bonus is aimed at increasing the trading volume of customers’ accounts and thus helps you to realise better trading profit.
With it you’ll always get more available funds than you deposit!
You can claim the bonus
here .
Keep your money safe with our Deposit Insurance! To make our customers feel safe while trading we at SuperForex have developed a Deposit Insurance Program. With it everyone choosing to trade with SuperForex can enjoy the freedom of trading without any worries of losing his funds regardless of transactions outcome.
The Deposit Insurance Program allows customers to insure up to 100% of their deposit and earn it back in case of loss.
Learn more
here
SuperForex Rebate System! Clients and partners alike can enjoy an even better Forex experience with SuperForex thanks to our
Rebate System :
Partners Clients
You can find more information
here
Super Forex extensive Partnership Program! If trading is not your game but you still want to participate in the world’s most liquid financial market - Forex, SuperForex knows the perfect way to accomplish that. You will be perfect for our extensive Partnership Program!
With 9 different partnership types and an active support program, there is something to suit every type of person. We provide our partners with a full set of online and offline promotional materials, information, partner-only privileges, and consistent support by our Partnership Department who will be there to help you every step of the way.
Learn how to become a SuperForex partner
here
Friends and Family Invitation Bonus Trading can be more fun when we do it together - and SuperForex will compensate you for inviting your close ones to join!
Invite your friends or family members to open a live trading account with SuperForex with an initial deposit of at least $100.
Receive a cash bonus for each of your friends that register with us. You can refer a maximum of 10 friends. The bonus is instantly withdrawable!
Learn more
here .
60% Energy Bonus from SuperForex! With SuperForex you can take advantage of a number of special offers and bonuses, designed to suit all preferences and trading styles. For our most active traders we created the exciting 60% Energy Bonus - a way to get more money with every deposit you make.
How does it work?
Every time you make a deposit to your account you will receive a 60% bonus, regardless of the amount of the deposit.
Learn more about how to obtain the
60% Energy Bonus .
Tested this broker last week and had no deposit bonus 100$. Today I withdrew my profit and had money my visa card.
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2016-09-15T09:48:34Z
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Come & meet us on 17.09 in Singapore at ShowFX World! We remind you there is only 2 days left before the annual conference in Singapore "ShowFx Asia"!
Our team will be represented there by our analyst Semyon Tochilin, who will give a talk on how to choose a successful Forex strategy as a beginner.
Don't lose the chance to discuss trading situations with SuperForex analists and become a SuperForex Trader, or to speak about partnership conditions with our Business Development team.
You’ll also have the unique chance to participate in a lottery and win up to $500. Other amazing offers are also awaiting you in Singapore.
We'll be glad to answer all your questions. See you there!
SuperForex Trading Points Loyalty Program 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.
Learn more about
how the program works &
browse prizes .
Auto-Reset Balance Program As part of our commitment to providing the best brokerage services on the market, we would like to introduce you to our new
Auto Reset Balance program - an effective tool that will prevent you from suffering from a negative balance ever again.
The SuperForex Auto Reset Balance program plays the role of a protective shield against a negative account balance. If you make a poor trading choice that would cause your balance to become negative, the Auto Reset Balance system will close your deals, anchoring your balance and your credit at 0. In this way you will not owe money to the broker. You will simply need to replenish your account if you wish to continue trading.
Economic Calendar Every experienced trader would agree - without accurate data, your hands are tied. Many of history’s most successful deals were defined by perfect timing, but we all know keeping track of all of the events in the global economy is difficult and time consuming.
Well, it doesn’t have to be! SuperForex offers a free Economic Calendar - a special resource that tracks all important events and announcements for you.
You can access it
on our website .
September 17 passed a long-awaited event - financial conference «ShowFX Asia» Singapore.
The guests of conference were taken by the world famous "Marina Bay Sands Hotel". Each year, the conference brings together traders, Forex brokers, beginners and other players in the financial markets of Asia.
The main purpose of «ShowFX Asia» is improving the professionalism of traders and consolidation of all Forex community members.
The event was attended by well-known speakers Karen Foo, Zen Alldredge, Ezekiel Chew, Choow Koon Lip, Harsh Japee and many others.
SuperForex team thoroughly prepared for the conference and showed itself at the highest level. Our company's analyst Semyon Tochilin gave a talk on theme "Forex Strategy for the novice or how to choose the optimal trade strategy for a beginner."
It should be noted about the atmosphere, it was friendly and relaxed, everyone can ask questions and get competent answers.
For all participants, we prepared prizes - certificates, Apple Tablets, and IPhone mobile phone. SuperForex raffled certificates worth a total of $ 1000. Also, everyone who came to the stands and the completed questionnaires, received an additional gainful bonus offers.
We thank all the participants of «ShowFX Asia», and will be glad to see you in our team!
Here is a photo-report from event
No Deposit Bonus The SuperForex
No Deposit Bonus is the easiest way for traders to get started with Forex. With absolutely no initial investment required, the No Deposit Bonus will provide you with $25 in trading funds. This means that this money is yours to make deals with. While you cannot directly withdraw the bonus, the profit you earn from trading can be withdrawn.
This bonus is available to new clients and can only be granted once to each customer.
SuperForex Analytics ! SuperForex customers have access to free trading information feeds provided by our team. The staff at our Analytics Department works tirelessly to provide the latest information on all major developments from the world of Forex trading. They analyze technical indicators and fundamental factors in order to arrive at the most accurate conclusions regarding the movements of key trading instruments.
In our
Analytics section you can find:
Technical analysis and daily charts of major currency pairs; Technical analysis and daily charts of crude oil; Technical analysis and daily charts of gold and other metals; Fundamental analysis of global economic events; Recommendations for profitable trades with order targets.
Sub-introducing Broker Partnership SuperForex now gives you the opportunity to grow your own broker network with our Sub-Introducing Broker program. It works much in the same way as our
Introducing Broker type of partnership, but instead of trying to recruit more traders, the goal of the sub-IB is to attract new partners. As a sub-IB, you can take advantage of the following benefits:
Earn on average $25 on the most popular trading currency pairs per standard lot on trades made by your referred clients; Earn unlimited 0.1 pips on new partners you attract; No limit on commission per client; Make Local Transfers easily; Get paid on time; Personal Account Manager; Real-Time Reporting; Promotional Materials.
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2016-09-26T09:52:44Z
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Notes on "ShowFx Asia" in Singapore, vol.2 Earlier, you have already had the opportunity to enjoy a photo-report of our company from exhibition in Singapore, but it was only the first part, we will continue to publish SuperForex company’s reports from “ShowFx Asia" in Singapore.
As you might guess, the exhibition in Singapore was not limited only by speech of our analyst Semyon Tochilin with a theme of "Strategy for the Forex beginner or how to choose the optimal trade strategy for a novice" and drawing prizes by SuperForex.
We mentioned earlier that the exhibition was visited by a large number of participants, among whom were our partners and clients. Of course, there was much talk about the Forex market, our company and many other interesting topics. But the most discussed topic was "
Introducing Broker " partnership program. We could not avoid going to meet our customers so we discuss this issue with them. In addition, all partners were granted exclusive conditions that meet their business model.
But that's not all! In Singapore SuperForex team had a meeting with one of the partners, Edward Khoo. Together with him, and his partners as well, they have reached an agreement on the development of business in China.
Don't miss your chance to become our partner as well. More details at
our web-site .
Of course, the most awaited - photos:
No Fees on Deposit! 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
here.
Our Services SuperForex offers a wide range of financial services and investment products to private or institutional investors to help them trade successfully through a variety of account types on the most innovative platforms.
Over 300 currency pairs 34 contracts for difference (CFD) No minimum deposit required No commissions charged No hidden costs implied Access to Forex, CFD and futures and indices Fast and secure financial operations Safest electronic payment systems Various types of accounts: standard and no spread accounts Competitive spreads Leverage up to 1:1000 Competitive equity interest rates Dedicated personal account managers 24/7 live support Regular bonuses and special offers, including money prizes and free gifts Special benefits SuperForex Membership Club
Need help in deciding which trades will be profitable today?
The Pattern Graphix expert advisor is here to assist you! Pattern Graphix is a plugin for MetaTrader 4 which identifies trends on the graph and makes suggestions for deals you can open. The best part? It’s FREE for SuperForex customers!
More information
here
Сharacteristics of trading and forecast for the USD/HKD currency pair USD/HKD is not the most popular trading tool among traders. One of the reason of that is lack of information about it. But this currency pair has advantages and specificities and can be interesting for newcomers and other traders who don’t like to risk. Hong Kong dollar (HKD) is a currency, which depends on the U.S. dollar and politics of China and Hong Kong. It’s regulated strictly by the government of this countries. Therefore, the USD/HKD is characterized by stability and low volatility. Nowadays we can see on the chart that rates are in the defined frames 7.75 – 7.83 and out of this frame rarely. Otherwise the regulator comes to the market and makes appropriate correction. It makes trades with USD/HKD predictable enough. It’s rather easy to detect here when the price will achieve the maximum/minimum and stop its growth or drop. But low volatility and defined frames makes trading with USD/HKD very special. Short termed strategies don’t work here. The only long termed trading can give you possibility to earn the profit.
Now we can see on the chart long-lasting flat and the price for HKD is 7.75. So we can say that possibly the price will be growing in the future because this is the lowest value during the last time. Technical analysis tools maintain a neutral position. The only Oscillator Stochastics signaled to “Buy”, and that is the right decision here. As we mentioned before detected frame on the chart is 7.75-7.83. Of course, we have to remember about the price of the USD. In case if the U.S dollar will rise the Hong Kong dollar go up then. Current frame let it easily.
Is writing about Forex trading and economics your passion? Do you dream of making a living on the Forex market but wish to avoid the risks associated with trading? Then we might have the perfect offer for you.
If you are a prominent Internet blogger, we are interested in cooperating with you. You can become a successful partner by simply embedding a SuperForex link into your blog and refer new customers to us. Your successful referrals will be recorded by your affiliate link - a code unique to each partner that you receive upon registration.
Learn
more .
If you’ve lost your trust in traditional payment systems, worry not - SuperForex accepts Bitcoin! Bitcoin is by far the most famous and widespread digital currency in the world. Due to the fact that it is not regulated it’s much harder to trace, making it ideal for people who value the privacy of their online purchases. Perhaps its best aspect is the fact that you can earn Bitcoin simply by sharing your computer power in a process known as mining - you get rewarded by simply leaving your computer on.
If you are someone who’s already using Bitcoins, know that the digital currency is welcome in SuperForex and you can use your Bitcoin wallet to make deposits and withdrawals just as you would with any other payment system.
Find more details
here
Making deposits and withdrawals has never been so easy! SuperForex works with the following payment systems: bank wires, credit/debit cards, Skrill, Neteller, PayCo, Bitcoin, Webmoney, Perfect Money, Boleto, Qiwi, Triv, FasaPay, AstroPay, and more.
Our deposits start from just $1. With us clients are free to choose their deposit. We put no restrictions on deposit amounts.
You can find more details
here
Trading Instruments! SuperForex offers the greatest variety of trading instruments available to people on the Forex market. Our customers can trade on over 300 currency pairs, 34 contracts for difference (CFDs) of major global companies, futures on commodities and metals, and options.
For a full list of instruments, please
visit our webpage
Device ID Protecting your money with SuperForex is quick and easy with our Funds Security program. You can now manage the devices that are allowed to log in your account thanks to our Device ID feature.
ou can find this functionality in the
Client’s Cabinet , under Security. From there you can choose which devices are permitted to enter your account - you can add your personal computer, as well as mobile devices such as tablets and smartphones. You can add or remove devices at any time.
Deposit via Skrill & Neteller Managing the financial operations in your SuperForex account is easy and convenient - you can even do it using two of the most popular online payment systems, Skrill and Neteller. Both Skrill and Neteller are market leaders who provide a secure and reliable way to manage your online payments. You can use them to make deposits to and withdrawals from your SuperForex accounts at no additional fee.
You can browse the other payment systems that we support
here .
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 .
EUR/USD Technical Analysis & Daily Chart General Analysis Wednesday Oct 6 passed without a high volatility for the European currency as the price for EUR/USD closed at 1.1203. This is an opening price so we had a "doji" yesterday. The last four trading days passed in the corridor of 150 points (1.1255-1.1127) that is quite suspicious given the nature of the euro's movement.
Currently a triangle is formed on the graph and the price has already approached its apex point. Such a consolidation can tell us most market participants are alert. Traders are hesitant to make decisions regarding the price growth or decrease. They prefer to start from the macroeconomic and global factors which in turn also do not provide any determining factors.
The RSI is in the neutral zone and does not give us the essential signals.
MACD shows movement close to the zero line.
The Next Few Days As for today there is no ambiguity in the British pound trend and we can say the market stopped, so we would not recommend opening positions now.
After breaking the triangle's borders and fixing the prices above or below we can draw conclusions about the potential future movement after analyzing the fundamental data.
A potential growth of the prices after hitting the upper boundary of the triangle will be the area below the resistance at 1.1430.
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.
Technical analysis of the currency pair USD / CHF on 11/10/2016. The daily chart General analysis Currency pair USD / CHF continued to move sideways last week by forming the maximum on Friday – 0.9825. However, last trading week closed with a black candlestick with a big body and it is contrary to growth opportunities.
The first trading day of the current week was held under the auspices of the bulls and now we can see a return to growth and the approximation of prices to the local maximum at 0.9880.
The graph of Stochastic indicator tells us about the presence of the upward trend but the price has already approached close to overbought level so opening of transactions now will be quite a risky occupation.
RSI provides similar signals and approaching overbought level.
Next few days This currency pair is already moving sideways for a long time. Current price channel is 0.9960-0.9630 and at the moment there is every reason to expect the test the upper boundary of the channel at 0.9960. However, given the resistance level at 0.9880 there is the probability forming of the peakand further decreases to the bottom of the channel 0.9630.
After after overcoming of local maximum at 0.9880 we can consider to open a long deals with targert points by 0.9940
SuperForex is proud to announce its newest solution for partners: the Exchanger Website! The
SuperForex Exchanger website is a great opportunity for you as a partner to connect with your clients. To save you the hassle of creating a website from scratch, worrying about domains and content creation, we offer you a complete product ready for use.
The Exchanger website is tailored to services related with changing funds from one payment system to another, or even to a local bank account. Clients could also make deposits there. All you need to do is pick a domain name for your website and request it from our Partnership department and you will soon have a fully operational new site.
The website comes fully-furnished for exchange purposes so you don’t have to worry about content. The page will be preloaded with payment systems and exchange information, but don’t worry - you will be able to edit these things to your liking. You would be able to customize the About and FAQ pages, as well as all banners to make reflect your business in a unique way.
Clients redirected from your exchanger website will be recorded as your referrals and added to your affiliate group upon successful registration.
Eager to expand your business? Contact our
Partnership Department now and claim your new website!
Islamic Accounts SuperForex is the preferred broker on the market for good reason - we can accommodate all kinds of needs and requirements set by our clients.
If you come from a culture where interest rates are frowned upon and that has discouraged you from trading in the past, we have the perfect solution for you: our swap-free account.
Also known as an Islamic account, this is a special account that has the same access to the financial markets as our standard service, except no swap (overnight interest) is applied. In this way the swap-free account is suitable for people whose religion does not permit them to earn profit from interest.
This account is also good for long-term traders as swaps can sometimes be negative, meaning you’d be charged for keeping a position overnight which can be detrimental to a deal that stays open for weeks on end.
You can open an Islamic/swap-free account
here .
Technical analysis of the currency pair AUD/USD on 13/10/2016. The daily chart General analysis. Yesterday's trading session was closed for the AUD / USD with increase of 25 points and close at 0.7560. In the first half of the day bulls immediately captured the initiative and the price even reached the level of 0.7590 but then after the opening of the US session, the price began to decline down to 0.7560.
At the moment, we can see a continued decline of the price and its approach to the lower border of the price channel 0.7440 - 0.7710. This price channel was formed a few months ago and since then the price moves in good faith in its framework. Given this fact, and taking into account the overall picture of the growth of the US dollar, we can confidently expect testing the lower border of the price channel.
Further necessary to be guided by the overall situation on a market. Perhaps we will see a breakdown of the level and falling to 0.7280 but also there is a possibility of rebound from the level and the continuation of the movement within the channel.
The RSI is in the neutral zone and does not provide any essential signals.
The MACD shows movement below the zero line and continues to fall, confirming the presence of the downtrend on the chart.
Next few days
“SuperForex Fx Advisors” or Advisors by SuperForex Pro- traders, newcomers and all who associate with the Forex: we have good news. SuperForex has created a brand new website
"SuperForex Fx Advisors." What does this mean? Now you can easily use a variety of trading tools and advisors for the Forex market.
We put together the most popular Forex trading advisors and market instruments in one place especially for you. You will find there both paid and free applications that can help you in Forex trading which you can download directly from the site.
In addition, we are always open to cooperation. If you are a developer of your own software and want your product to be published on our website,
become our partner or contact our partnership department.
Membership Club Join the SuperForex Membership Club and benefit from exclusive member-only offers!
Customers who sign up for our Membership Club have the chance to enjoy additional benefits while doing business with SuperForex, such as:
Extra points for our Loyalty Program; Additional bonuses on each deposit; No commission on withdrawals under $25 & more! Interested? Become a member
here .
General Analysis Yesterday's trading session closed with a 25-point increase for the AUD/USD at 0.7560. In the first half of the day bulls immediately took the initiative and the price even reached the level of 0.7590 but then after the opening of the US session the price began to decline down to 0.7560.
At the moment, we can see a continued decline of the price. It is approaching the lower border of the price channel 0.7440 - 0.7710. This price channel was formed a few months ago and since then the price moves in good faith in its framework. Given this fact and taking into account the overall picture of the growth of the US dollar, we can confidently expect testing the lower border of the price channel 0.7440 - 0.7710.
Furthermore, we need to be guided by the overall situation on a market. Perhaps we will see a breakdown of the level and falling to 0.7280 but also there is a possibility of a rebound from the level and the continuation of the movement within the channel.
The
RSI is in the neutral zone and does not provide any essential signals.
The
MACD shows movement below the zero line and continues to fall, confirming the presence of the downtrend on the chart.
The Next Few Days In the next few days we recommend selling the Australian dollar against the US dollar with placing orders for profit taking at the level of 0.7460. Moreover, we have several possible scenarios, including the breakdown of the level and continuing the decline or retreating from it and continuing the movement within the channel.
General Analysis Technical analysis of the currency pair USD / CAD on 18/10/2016. The daily chart
General analysis Since the end of last week the price of the US dollar relative to the Canadian dollar continues to fall and now it has already reached the level of 1.3080.
At the moment the rising price channel was formed the width is 370 points and the price in a downward movement already approached the bottom of the channel to 1. 1.3050.
More likely, you can expect a rebound from this level and the resumption of the growth but as always firstly we should get confirmation of rebound from the support level at 1.3000.
In the case of penetration of the lower boundary of the price channel and fixing of the price below 1.3000 most likely we will be able to test the support levels at 1.2800 and 1.2830.
The
RSI is in the neutral zone and does not provide any essential signals.
The
MACD shows movement below the zero line and continues to fall, confirming the presence of the downtrend on the chart.
Next few days
At this stage, we recommend trading with rebound or breakdown at the lower boundary of the price channel at 1.3000. Given the global growth of the US dollar more likely we expect the rebound from the level and the resumption of the upward movement.
Target points for profit taking for long positions are located at 1.3150 and 1.3220.
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2016-10-18T10:36:56Z
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Reason: Not specified
Analytics Planning your daily or weekly trades?
Get accurate financial information for free directly from our website by visiting our Analytics section.
We cover all major currency pairs, some exotic pairs, as well as metals and crude oil. This information is prepared by our dedicated analysts who update the feeds daily.
Learn more
here
Technical analysis of the currency pair EUR/USD on 20/10/2016. The daily chart General analysis. After breaking through the support level at 1.1140 the European currency began to significantly decline against the US dollar and the entire past week was held under the guidance of the "bears". The price has been tested the level of 1.0900 and right now the price is 1.0965.
Yesterday's daily candle closed as a "doji" with a huge bottom shadow and such formation with a rapid and dropping market tells us that it is possible that the bottom was found and price can fix here for a while.
Past similar decline for EUR / USD was recorded in July 2016 after the news about Brexit. At that time, the price had also tested the level of 1.0900 and then we went into a prolonged correction.
It is recommended to close all previously opened short positions at this stage because in the near future most likely we will see a pullback on the EUR / USD.
Next few days Nevertheless we cannot completely abolish the scenario of further reduce and probably the level 1.0900 will be broken soon. In such case our next target will be the level of 1.0820.
We recommend to wait for the resolution of the situation with the breaking of the level and with penetration of support level 1.0900 open short with target point at 1.0830 and 1.0820.
Account Verification SuperForex allows you to begin trading right after you open a live account without verification. However, we’d like to suggest that you verify your account - this would add a new level of security for your funds.
Verifying your account is quick and easy. All you need to do is upload scans of your ID document and a recent bill statement showing your current address (this you can do in the
Client’s Cabinet ). For phone and email verification we send you messages immediately.
Using a fully-verified account would be quite beneficial: you’ll be better protected against hacks and theft, and you will also have access to exclusive offers such as the No Deposit Bonus which is only available to verified accounts.
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
Technical analysis of the currency pair USD / CHF on 25/10/2016. The daily chart General analysis Last week the price of the currency pair USD / CHF has risen slightly more than 100 points and came close to the support level at 0.9950.
If we consider US dollar in a global market we can note that price for this currency increases in relation to all the main quotes but nevertheless now we see a pause in the growth and soon we expect a correction against the general uptrend.
Recently the price has already approached several times to the level of support at 0.9950 and both times it was an insurmountable wall for the currency pair and the price could not break it.
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 the US dollar and it cannot be ignored.
Next few days Considering the overall situation in the market for the US dollar, price closeness to a significant support level 0.9950 and the presence of divergence in the graph we have all the signals for the opening of sales for USD / CHF.
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 0.9850 or even further to 0.9780.
Best Partnership Program We at SuperForex are proud of the quality of our services but we take special pride in our Partnership Program.
Carefully designed by our Partnership Department, the comprehensive program includes offers for everyone. We have 9 different partnership types of all kinds of people -
All of these partnership types include an automatic
sub-IB feature that allows you to earn extra if any of your clients becomes a partner also.
We offer the highest commission on the market - up to 75% on the spread! You can also encourage your affiliate group to trade more by setting up an automatic rebate.
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Technical analysis of the currency pair USD / CAD on 27/10/2016. The daily chart General analysis. From the moment of opening of the market this week currency pair USD / CAD has increased for almost 200 points and now it is at the level 1.3370. In the graph we can see a clear upward movement during the entire week without any corrections. At the moment the price is approaching to an important resistance level for the Canadian dollar on the mark 1.3410 we have all the reasons to expect a «rebound» from it and further decrease to 1.3210.
Major currency pairs continue to decline against the US dollar and we expect such actions from the Canadian dollar also. The fact that prices are located close the important resistance levels serves us a signal for the opening a short position.
Traders should attentively follow the developments in a next few days and after receiving confirmation about the "rebound" from the level opens short deals with a medium volume.
Next few days Today, it is too early to enter the market for sale since the peak of the upward movement was not formed yet and there is a high probability of "false breakouts". But at the same time to open long positions it is too late.
We recommend opening dealings to sell after the peaks formation at the level of 1.3410 with target points of taking profit at the mark 1.3230. Order S/L can be set up by 20-30 points higher the upward movement peak.
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Technical analysis of the currency pair USD/CAD on 03/11/2016. The daily chart
General analysis. Yesterday's trading day has passed without major changes for the pair USD/CAD and daily candle closed as a "doji" with a long upper and lower shadows. The last two weeks have been for the US dollar with increases and the price has reached the upper border of the price channel around 1.3535.
At the moment, we see progressive downwards movement after a rebound from this level of resistance and all previously open long positions should be closed today at the market price in case you have not done it earlier.
Schedule of Stochastic indicator shows us a trend reversal moment and the beginning of decline. Overbought signal line has been crossed from top to bottom, and continues to decline.
Next few days Given the price rebound from the upper border of the price channel as well as the formation of the candlestick patterns "Doji" and "hanging man" we can predict the potential beginning of a downtrend and a possible reduction in the framework of the price channel.
Confirmation comes from Stochastic indicator with a clear signal to sell.
Transactions can be opened now with placing orders S/L at 20-30 pips above the upper boundary of the channel at 1.3500
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Technical analysis of the currency pair AUD / USD on 08/11/2016. The daily chart General analysis At the end of last week currency pair AUD / USD has broken through the resistance level at 0.7710.
Over the last month, this level was a significant barrier of the price growth. Meanwhile the resistance 0.7710 was an upper bound of the price channel 0.7710-0.7450. 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 Australian dollar at 0.7830 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 the AUD / USD after the start of the upward movement from support at 0.7710. 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 0.7670.
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Technical analysis of the currency pair EUR/USD on 10/11/2016. The daily chart General analysis. On the background the latest news from the presidential election in America currency pair EUR/USD started to decline sharply
At the time when Clinton was in the lead dollar began to fall but when it became known that Trump is likely to win this rally market turned around and started to increase.
Right now Decreasing formation is formed on the chart and yesterday's daily candle has a very high volatility almost 420 points which itself could lead to short-term price correction today.
Stochastic indicator show us the prevalence of decline in EUR / USD and gives a clear signal to sell.
The closest support level for the price reduction will be the level 1.0800 and with penetration of which new target to fall will open (1.0720 and 1.0680).
Next few days We expect continuation of decrease in this currency instrument Most likely we will see the testing support level 1.0800 next week.
There is a possibility of short-term correction but after the results of the latest news from the Americas region general direction for the currency pair EUR / USD is falling.
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