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Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven.

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place.

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Merchandise

One of our chief goals at SuperForex is to provide our partners with as many attractive products as possible in order to make your business more convenient and help you reach potential clients in exciting new ways.
That is why our design team has prepared a line of branded merchandise which can help you continue your recruitment process even offline - in your office or at home - by surrounding yourself with a collection of practical SuperForex items.
T-shirts, mugs, notebooks, pens, you name it - we have it! Browse our merchandise  to choose your favorite items.

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CAD/JPY: fundamental review and forecast


Positive economic data from Japan significantly impacted the rates. Seems like formation of the new upward trend.

The rates continue in the frames of the upward trend, but we can see on the chart formation of a weak downtrend. Formation of a new trend is based on the decreasing of oil prices and worsening of trade relations between the United States and Canada.
This week the Japanese yen continued to strengthen due to the positive data on the economy. The country's GDP unexpectedly grew in the 2nd quarter by 1%, while it was expected growth in just 0.6%. Such a growth is the most rapid growth in the Japan's economy since more than 2 years. we hadn't seen the same significant growth since the 1st quarter of 2015. In annual terms, GDP growth was +4%, exceeding forecasts in 1.5%. It should also be noted that Japan's GDP grew for the sixth quarter in a row. Consumer spending indicator increased by 0.9% in Q2, exceeding the expected level in almost 2 times. And the volume of industrial production in June rose by 2.2% amid expectations of 1.6%.

Thus, amid extremely positive statistics from Japan, it was very hard for canadian dollar to resist the yen. Strengthening of JPY would be even more rapid, but it was prevented by a factor of geopolitical tensions between the USA and North Korea, although the situation has been normalized to the usual level these week.

Today the market is waiting for information from Canada's index of consumer prices in July, but likely it's not necessary to expect for significant strengthening of the CAD, given that oil is decreasing again amid information about achieving of the maximum levels of shale oil extraction in the USA over the past 2 years. Crude oil stocks fell significantly this week, but the increase in oil production will lead to rapid recovery of oil reserves. In addition, analysts have lowered their forecasts about demand of oil in China. It should be noted that If China started a massive shift to electric transportation, in accordance with the global trend, it would negatively impact the demand for oil in this country in the future.

Oscillators MACD, Stochastics give contrary signals. In this situation, the most optimal would be to open the short deals upon medium term trading. For those who use short term strategies it's possible to open the deals to BUY, in accordance with Stochastics' signal making a profit on the price correction.
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Weekly Market Overview

An update on the Euro and the American dollar in light of recent events.

This week our gaze draws back to Europe. In our previous look at the euro we talked about how much it has strengthened this year, based on positive economic reports and favorable election outcomes. Let’s take a look at the situation in Europe now.

The euro has been the shining star of Forex trading this year, gaining a remarkable 11.5% on the USD so far in 2017. In recent weeks investors’ appetites towards the euro increased amid an expectation that the European Central Bank will change its monetary policy toward a less dovish approach that supports an even stronger euro. Some analysts have even suggested that we may see a parity between the EUR and the British pound in the coming months. However, ECB chief Mario Draghi has not given any real indication that he plans to cut the stimulus program anytime soon.

Now the euro is easing a little bit against the dollar as analysts prepare for the upcoming Jackson Hole conference on August 24-26, where Draghi will speak. The small drops in the price of the euro are likely a result of investors’ impatience regarding the ECB decision on monetary policy.

On Wednesday the euro dropped from its 2015 height level and went 2% down to 1.1691 USD and 1.13960 CHF.

Furthermore, the euro was able to gain on the dollar because of the political turmoil in the United States. Recent tensions with North Korea, as well as a neo-nazi attack both rattled the United States over the past two weeks. However, things seem to be cooling down with North Korea, and the US released some favorable data on retail sales (up by 0.6 in July) which helped the USD find a more solid ground. If the economy fares well and inflation increases, investors would again look to the dollar as an attractive trading instrument and expect the Federal Reserve to increase interest rates again.

However, economic data from the United States has fluctuated throughout 2017. Inflation and wage growth haven’t been at the expected levels, and the Federal Reserve has been extremely careful about adjusting its policies. This is why right now another rate hike is unlikely. Even if rates are increased in the coming months, analysts don’t expect multiple hikes, as was initially planned.


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SuperForex Money

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 on 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 of $10, $50, $100, $500 and $1000. However, you can get them at a price 7% cheaper than the actual amount (e.g. cards with a face-value $100 can be purchased for $93).
Moreover, this is a great opportunity for you and your clients to avoid paying payment system fees.


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Have you ever dreamed about your own website for earning money? Now you can get it as a SuperForex partner.


SuperForex took into consideration the fact that not everyone owns a website . This is why we have prepared a ready-to-use partner website for partners like you. It has everything you need as a start plus sections you can freely modify by placing your own content. The ready website is particularly useful because the resources appearing on it will contain your affiliate code, recording all of your referrals. You can choose your affiliate site from a number of options that our design team has prepared.


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NZD/JPY: Short Review and Forecast
The downward trend was formed a month ago and continues amid positive economic news from Japan. The NZD is under the pressure of decreased prices for food and raw materials.

The rates of the NZD/JPY since the beginning of the month are in the frames of the downward trend formed just a month ago. Despite the recent positive data about economy of New Zealand, where we can see a Federal budget surplus by 1.5 billion NZD, the New Zealand currency fell against major currencies. At the same time, it should be noted that the NZD did not have enough incentives for growth amid the absence of news about the economy. In addition, the NZD was under the pressure of the decreased prices for raw materials and food, which reached annual minimums this week. The price for wheat fell from $560 down to $403. At the same time the JPY had many stimuli to strengthen.

The PMI index of business activity in August was 52.8 against the expected level of 52.3. The volume of imports and exports grew less than the expected - 16.3% versus 13.4%, respectively, and in the long term increased the pressure on the trade balance. However, in July the trade surplus in Japan narrowed by 17%, though it's 418 billion yen, exceeding the expectations of investors. A week earlier the yen strengthened due to the unexpected GDP growth by 1% and an increase in consumer spending which was almost twice higher than the market expectation. Therefore, the Japanese economy now looks better for investors.

Tomorrow the NZD may get a chance to strengthen, if new data about the trade balance of New Zealand pleases investors. At the moment, oscillators (MACD, Stochastics, RSI) unanimously point to the rates in the oversold zone. The deals to BUY would be the most effective in this situation. There's a possibility to make a profit on the expected price correction.
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Forex Copy System

Are you a trader who want to earn money but you don't have enough experience to begin to trade on Forex? Let’s say you’re amateur at the moment and you’ll need a lot of time to learn how to trade. You’re not sure now will you be successful or not. To be a professional trader you’ll need the years of practice to get necessary experience and develop your skills. We have an offer for you. Earn with Forex Copy  right now!


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SuperForex Seminar



SuperForex cordially invites you to visit our upcoming trading seminar which will be held in Kuala Lumpur in October.

In order to make your trading as profitable as possible, you need to closely monitor any changes on the Forex market and to not be afraid to use new strategies that generate profit.

You will learn the latest information about new techniques, strategies, and various types of philosophies of Forex trading at our seminar. In addition to the training information at this event, you can learn more about the offers and promotions of SuperForex.

Speakers of the seminar are experts of the Forex market with many years of experience in trading.

If you want to become a participant of the seminar, please indicate your desire by contacting our support team in any way convenient for you.

Contacts of support department

phone +65-3-1590282 (International format)

email support@superforex.com

Everyone who visits our seminar will receive valuable gifts and would also be able to participate in the drawing of three prize certificates.

Thank you for your attention. We hope to see you at our seminar!


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XAU/USD: Short Review & Forecast

A new round of geopolitical tensions rapidly raised the value of Gold to its 10-month maximum.

As expected, the prices for Gold began to rise rapidly and exceeded the psychological level of $1,300, even earlier than we hoped. Gold started to rise from August 25, according to the results of the economic symposium in Jackson Hole where Federal Reserve head Janet Yellen didn't make any statements regarding the further monetary policy in the United States. This disappointed investors who expected to hear some confirmation of a tightening monetary policy. The U.S currency fell and reached the level of January 2015 against the Euro. Thus, the value of Gold has also increased due to the weakened USD.

This week the Gold got another incentive for strengthening based on increased geopolitical tensions. Yesterday North Korea successfully ran a ballistic rocket that flew over Japanese territories and landed in the Pacific Ocean, near the Japanese island Hokkaido. The demand for safe assets immediately increased then. As a result, the price for Gold reached $1,322, but then stabilized to the level of 1,309 dollars, which is the highest price since October 2016.

After yesterday's peak at $1,322, the line of resistance has slightly shifted up. After the new round of geopolitical tensions we can expect a stabilizing of the prices for Gold as well as of the demand for safe assets. In the near future the price for Gold could retreat back to the level of $1,300 - $1,305. The rates will continue in the frames of the upward trend which was formed a few months ago. In this situation the most optimal course of action would be the short deals, which is also confirmed by the MACD oscillator.

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No Spread acccount

The No Spread account  gives you the unique advantage to trade without paying any spreads on the deals you open, regardless of the trading instruments used. It also allows you to accurately know the levels of input and output. In addition, you would be able to calculate in advance all of the costs that are not related to loss.

To get the No Spread Account, please ensure that you make a deposit of 1000 USD or EUR within 24 hours of registration.
Great news! We have decided to decrease the commission applied to No Spread accounts - it’s now up to 25% less than our regular rates.

https://superforex.com/no-spread-accounts 

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Micro Cent Account


Only about 10% of all Forex brokers offer cent accounts in one form or another. SuperForex is one of these brokers. Our Micro Cent Account  will be very useful for beginners, as it allows you to trade with a real deposit that doesn't need to be very big. Cent accounts can be perceived as a transitional stage between demo accounts and standard accounts, which are the first step in real trading. There are no special requirements for opening a cent account. Micro Cent Account Description:

Accepted currency: USD and EUR
Maximum deposit: 100USD/EUR (10000 cents)
Compatable with bonuses: Welcome, Energy, Hot
Lot size: 10 000 cents
Maximum leverage: 1:1000
Unlimited EA trading: Allowed

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No Deposit Bonus


Our No Deposit Bonus  is a free offer that grants you some bonus funds to be used in Forex trading, without having to make any deposits in advance. Any person can get it, as long as they meet the requirements stated in the bonus agreement. You will get $25 to trade with - and you don’t need to deposit even a cent! Either way, it is one of the most generous offers that SuperForex can provide to our customers. As such, we want to provide our clients with the opportunity to try as many ways to trade as possible.

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.



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USD/SEK: Review & Forecast

The SEK achieved its level from November 2014 thanks to the weakened USD.

The steady downward trend continues, but at the moment the rates have consolidated in the range SEK 7.908 - 8.0. The market hasn't received any economic statistics or news from Sweden which would have affected the Swedish Krona, but the stable economic situation in the Eurozone isn't putting pressure on its value.


Since the end of August the rates have been influenced by the unstable political situation in the United States, the escalation of the conflict between the US and North Korea, and disappointing economic statistics in the United States. As a result, the value of the SEK has reached the level from November 2014, and the downward trend became more rapid. Falling to the minimum for many years began on August 25 when the FED Chairman Janet Yellen did not make any statements related with the country's monetary policy during the symposium in Jackson Hole, which confirmed investors' doubts of a further increase of the interest rate. Then the geopolitical factors, unemployment growth by 4.4%, a reduced volume of manufacturing production in July in 3.3% contrinuted to negatively affecting the USD value.

At the same time it is likely that the minimum has already been achieved and the current phase of consolidation can be the beginning of a flat trend. However, today the dollar can get some support from the release of new economic statistics: the market is waiting for the data on trade balance, and the PMI indices of business activity. Next week we also expect data about retail sales and consumer price indices.

At the moment volatility is very low. The MACD and RSI oscillators do not give us any signals for trading positions. In this situation it's necessary to pay attention to the entry points SEK 7,908 and 8.0, the achievement of which would indicate the completion of the consolidation phase. Now, the most effective course would be the deals to Buy in medium-term trading.

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SuperForex Contests


SuperForex invites you to try your hand at the most exciting competitions on the Forex market !

By taking part in our contests you can test various trading strategies, improve your skills and gain even more confidence. Our contests on demo accounts are perfect for experienced traders and beginners alike. At the same time, contests with real accounts are tests for experienced traders who are ready to show all their trading skills and take part in a real battle!

You can choose the contest from our list and register there.




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The North Korean Crisis

Tensions continue to rise as North Korea's Independence Day looms around the corner.

One could hardly go through this week without hearing about what is shaping up to be the biggest global issue right now: North Korea. The isolated communist state came under the spotlight three weeks ago when North Korea leader Kim Jong Un announced his intention to launch an attack on Guam, a territory under the jurisdiction of the United States. What ensued was a series of threats between Trump and Kim Jong Un, which led to a tense situation on the global financial markets. The stress began to ease off last week, but on Sunday the world awoke in chaos again, as North Korea performed a successful test of a hydrogen bomb in the ocean, which resulted in an earthquake felt in neighboring South Korea and Japan.

Even though there were no casualties, this strike was quite significant. For one thing, many countries had speculated that North Korea did not have the technology to successfully mount such a destructive bomb on a missile, nor to aim it properly. Since the country lives under a self-imposed isolation from the rest of the world, their development has been hampered by a lack of exchange of technologies. It has also been very difficult for the rest of the world to evaluate the readiness and conditions for war in North Korea due to the lack of information (or, rather, the state propaganda that is broadcast instead of information, which many suspect is inaccurate). However, this strike proved that North Korea is much farther ahead in its nuclear program than previously assumed – a power on which Kim Jong Un’s regime relies. The North Korean leader has repeatedly ignored the condemnation of the United Nations regarding his nuclear weapons – and from his perspective, as someone who faces many enemies and might have to protect his position with force, it makes sense that he wants to hold on to his weapons.

It is also important to add that while hydrogen bombs are not talked about as often as atomic ones, they are in fact more dangerous. The test that North Korea performed had five-six times the magnitude of what the USA used in the devastating World War II attacks on Hiroshima and Nagasaki in Japan. If North Korea does have the means to send these missiles across the globe to attack North America, the destruction will be unprecedented.

To try to mitigate the crisis before the irreversible occurs, the United Nations again spoke about sanctions against North Korea. The United States, arguably the loudest voice in the argument, has suggested a ban on exporting oil to North Korea. Without fuel, the country would definitely be forced to reconsider its policies, but it might also cause a serious economic crisis in the country where the living standard is already reportedly poor enough.

Even if an oil embargo could success in theory, we might not see it in practice. North Korea trades with two countries: Russia and China, both of which are members of the UN Security Council and could veto the embargo. Even though both have spoken against North Korea’s recent actions, it is unlikely that they would support anything too harsh. China, in particular, does not wish to lose its position of importance in North Korea. Russia too is protecting its interests by supporting the claim that an oil embargo will endanger the civilian population more than it would neutralize the military program of North Korea. The United Nations Security Council is yet to vote on any measures against North Korea.

Meanwhile, amid the geopolitical tensions we saw the financial markets in disarray. Stocks moved up and down, as did currencies. The dollar lost some of its positions against major currencies, and the EUR/USD was able to pass the psychological threshold at $1.20. We should note, however, that the American dollar also suffered for other reasons – the destruction caused by hurricane Harvey hasn’t been fully documented yet, and the US southern coast is again in danger of another hurricane, Irma.

The big winner this week has without a doubt been the gold, which reached its highest level in a year. As a safe haven asset, gold is attractive to traders who find other instrument too insecure at the moment. Now the markets are holding their breath as tomorrow North Korea celebrates its independence and there might be another attack to “commemorate” the day. As long as the tensions continue, we are likely to see this trend stick around.

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SuperForex Seminar in Kuala Lumpur

"SuperForex cordially invites you to attend the Forex Trading Seminar  which will be held on October 28, 2017 at the Arenaa Star Hotel, Kuala Lumpur, Malaysia.

Our event is specifically designed for traders and is part of our effort to provide the best technical and fundamental program to the advantage of the participants of the entire Forex market.

What would you learn at this seminar?

At the event we would present the latest information about new techniques, strategies, risk management, and various types of philosophies of Forex trading. In addition to the training information at this event, you can learn more about the unique offers and promotions of SuperForex.

We invite you to join us and gain new knowledge and useful information entirely free of charge!

Speakers of the seminar are experts of the Forex market with many years of experience in trading.

Schedule

12:00 - 12:30 - Registration
12:30 - 13:30 - “SuperForex Company Profile” by Haji Azhar Ramli
13:30 - 14:45 - “Forex Market Outlook” by Razak Mohd Nor
14:45 - 15:15 - Coffee Break
15:30 - 16:30 - “Support & Resistance in Forex” by Dan Imran
16:30 - 17:00 - Final Lottery

We would be greatly honored if you choose to come to this seminar. Participation in the seminar is free - it is only necessary to fill in the registration form on the site.

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120 Hot Bonus

Earn more with the 120% Hot Bonus by SuperForex!
If you are an active trader on the Forex market 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.
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AUD / CAD technical analysis

At the moment, the pair is trading in a downtrend and is between 23.6 and 0.00 Fibo levels with a daily chart.
Since recently some reliable enough data came from Canada, we see further strengthening of the Canadian currency.
The indices of RSI and Stochastic also confirm the downward movement after a small correction of 75 points.
At the moment, the pair is also under our Moving Average with a period of 28 and tends to a resistance level lying at 0.00 Fibo level (0.9655).
Tomorrow a number of important news will be released in Australia, at 2:15 (GMT +3) the speach of the Deputy Head of the Reserve Bank of Australia Debbel will take place, and at 4.30 (GMT +3) the changes in the level of employment for August will be published. This may slightly increase the volatility of our pair at the time of the news release.
By day trading, we are now seeing a downward movement, so there is an opportunity to take short positions. With take-profit and stop loss at the levels of 0.0 and 23.6 by Fibo, respectively. We also have a twice tested resistance level of 0.9690, on which it is also possible to fix profits and look for further fluctuations of the pair.
The intersection of our gliding (28) body with a candle and the subsequent fastening of the next candle by the body will highlight a possible reversal.
Support and resistance levels:
0.9655, 0.9690, 0.9745, 0.9805, 0.9870, 0.9900, 09975, 1.0050

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SuperForex at ShowFX Conference in Singapore

We would like to cordially invite you to join us for a productive day of learning and networking at the annual ShowFX Forex conference which will be held on October 21 in Singapore, the finance hub of East Asia. The ShowFX Conference in Singapore aims to increase the professionalism of traders and unite in one place all members of the Forex community: brokers, trading experts, and, of course, traders.
Don't miss the chance to discuss trading with SuperForex analysts and become a SuperForex Trader, or to speak about our partnership conditions with our Business Development team.
If you want to become a participant of the conference, please indicate your desire by contacting our support team in any way convenient for you. Our website: https://superforex.com 

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!

https://youtu.be/TSrm_VTmFK0 


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A new wave of tension


North Korea conducted a nuclear test again
This morning on September 15, Japan stated that North Korea once again conducted nuclear tests and the missile flew over the northeastern part of the country. At the same time, South Korea also conducted military exercises, firing a rocket at sea. Earlier, after the new sanctions imposed by the UN on North Korea, their leader Kim Jong-un promised to flood Japan and turn the US into "ash and darkness" and accelerated the testing of nuclear weapons.
US Secretary of State Rex Tillerson exerts pressure on China to preserve the oil embargo, which is quite a powerful tool of pressure. However, China can limit trade relations on an official level, but can not deter smugglers, which hamper the pressure on the Kim Jong-un regime.
This news caused a lively sale of assets and sent investors to search for a quiet harbor.
This time, the markets reacted more calmly to this news and volatility weakened much faster than the previous week.
The dollar again continues the upward movement after corrective movement relative to the Yen.
The pound is traded at the level of annual highs against the dollar and may soon begin the corrective movement, after yesterday's sharp jump. Talks about possible increase in the interest rate in the coming months for a decade sounded on the meeting of the Committee on Monetary Policy. Such data was regarded positively by traders, which gave a sharp push to the British currency. And breaking through the strong resistance levels has reached new annual highs. On Friday we are expecting a fixation of profits and that the price will depart from the current values.
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SuperForex 40% Welcome 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! Our 40% Welcome Bonus is the motivation for traders to register an account in our company. Take advantage of the possibility of risk-free trading with the ability to withdraw profits. Get 40% on your deposit in just a few simple steps. 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. Start trading with us using the advanced MT4 trading platform!
Read more here https://superforex.com/welcome-bonus 

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CAD / JPY technical analysis
At the moment, on the chart of H4, we see the return of prices in the framework of the rising channel. Drawn for 28 days.
Given the recently published positive statistics for Canada, we can assume that our upward movement will continue and at the moment we are seeing a correction and revision of the positions by bulls that decided to fix the profit.
On the daily chart, we have not yet seen the figures of absorption and the reversal pattern. But on the chart H4 appeared "shooting star", which can signal us about a possible correction. And the ability to draw a "head and shoulders" figure, with a shoulder level in the area of ​​88.90.
But looking at the overall schedule and considering the overall movement, the recommendation is to look for points to enter the long position at support levels.
Support and resistance levels
87.72
88.35
88.89
89.50
90.10
90.90
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GBP/EUR Technical analysis

The pair is moving within a downward trend.
At this moment the pair is trading in a down trend, slowing down near its resistance levels. We can also note that against the backdrop of strong data, the pair can quickly overcome the nearby resistance levels, as it happened after the press conference of the Bank of England, against which the pound sharply increased its quotes.
Today at 4.30 pm (GMT +3), ECB President Mario Draghi is expected to speak at a press conference. It is necessary to closely monitor the investor sentiment, as many feel that the euro will be pressured and our pair will continue the downward movement.
Our advice for you is to set medium goals and small stop-loss orders.
Support and resistance levels:
0.8880
0.8825
0.8780
0.8715
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German Elections 2017

Germans will be electing a new government this Sunday - how would that affect Europe?
Recently global news have been almost monopolized by three topics: the tensions between the United States and North Korea, natural disasters striking one after another, and the recent Federal Reserve meeting and talks of monetary policy changes around the world. One could hardly tell that there is something else very important going on this week: parliamentary elections in Germany.
Why aren’t media talking about the German elections? After all, the elections in France this spring, as well as the British preliminary elections received a lot of news coverage when they were happening. The most likely explanation is that the results of the German elections are not likely to be very surprising. The current Chancellor of Germany Angela Merkel still enjoys a stable level of support and is a respected global leader, so most polls indicate that her party would easily win these elections. However, it still is worth it to take a look at German politics, because anything that changes there has the potential to affect the European Union and European markets greatly.
While it is true that Merkel will probably win herself a fourth mandate as chancellor, it is important to note that more parties are expected to make the cut this time. Likely we would see six parties enter the Bundestag. Six voices pulling in different directions is bound to make things more difficult and even slow down Germany, hindering its ability to continue to act as a global political leader.
While immigration seems to be on everybody’s mind and is central to debates between candidates, the number of asylum seekers has dramatically dropped in 2017 compared to previous years. There are other issues on the table such as labour, pensions, education, and more – and they can all affect the way Germany’s economy works – and the way Germany participates in the European Union.
One of the most important things to watch out for in these elections is how the Alternative fuer Deutschland party would do. The far-right political party, often labeled as modern-day nazis, is very conservative and outspoken about its strong stance on immigration: they feel that trying to harbor Muslim refugees and integrate them into European society is a lost cause and oppose the current lax immigration policy of Germany that is championed by Merkel. So far Germany has been the leader in the refugee crisis, encouraging countries to accept and help refugees. This issue is close to the hearts of Germans, as they found themselves in a similar position during World War II – they know what it is like to be a refugee, and they also know what it feels like to be mistaken for a terrorist (or a nazi), just because of your origin. That is why Germany has always maintained that it would extend a helping hand to those in need. However, as the number of terrorist attacks around Europe increases, many people begin to fear for their safety, and other countries, such as France, have called for stricter immigration policies in order to increase safety. This brings us back to the AfD: nazis have not been in power in Germany since World War II, but over the past few years they seem to have gathered a lot of support. It is expected that they may reap as much as 10% of the vote in these elections, securing them a comfortable section of the German Parliament. This means that they would have a say in German politics, and when dissenting views clash in parliament, the stability of a country suffers, as does its ability to act (just look at how poorly the UK is handling Brexit, simply due to a lack of majority in parliament).
Overall, change is coming to Germany, even if Merkel is re-elected. And with that, change will invariably come to the eurozone as well.
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60% Energy bonus
Recharge your account with our 60% Energy bonus

Recharge your account with our 60% Energy bonus

Every time you make a deposit to your account you will receive a 60% bonus, regardless of the amount of the deposit.
To obtain the 60% Energy Bonus customers need to register a live trading account with us and submit the “Get the 60% Energy Bonus” button from the Clients Cabinet.

You can learn more on our website. https://superforex.com/energy-bonus 
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Oil Prices Recovering
Analysts feel that for the first time in two years oil prices are on their way to recovery.
Last week the prices of oil (and other commodities) suffered somewhat due to a strengthening of the American dollar caused by last week’s Federal Reserve policy meeting. However, despite the noticeable decrease, the price of oil still didn’t fall to dangerous levels and remained relatively stable.
Now analysts are saying that the oil market is heading towards a stabilization, and is perhaps approaching the resolution of the oil crisis of the past two years. This year OPEC as well as non-members who are oil exporters such as Russia have managed to cut down their production dramatically, which helped alleviate the oversupply on the market for crude oil. As a result, the price of oil went up by 15% in recent months.
American crude oil is currently at around $50.51, while London brent crude oil is trading around the $56 mark. It’s worth noting that oil extraction in the United States was previously affected by a series of natural disasters that hit the North American coastlines.


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EUR/SGD: Fundamental Review & Forecast

The results from the elections in Germany negatively impacted the EUR, though it still has a potential for stabilizing.
Starting from Monday, September 25 the euro came under pressure due to the election results in Germany. The ruling party together with Angela Merkel won the election, but with the lowest result since 1949. They are not able to form a coalition easily, as it happened at previous elections. However, other parties also cannot form a coalition themselves, which is why nobody doubts that Angela Merkel will again be Chancellor. Nevertheless, it is expected that negotiations on creating a coalition will be difficult because the former coalition partners do not want to continue their cooperation. In any case, the opposition will be stronger than ever, so investors prefer at the moment to invest in other assets.
On the other hand, the Singaporean dollar has been supported this week due to the recent data about the volume of manufacturing production in August, which exceeded the forecasts of investors both in annual and monthly terms, although the growth has been less rapid than in the previous month and amounted to +19.1% against the expected 14.2% YoY.
On the EUR/SGD chart we can see the formation of a weak downward trend which forms after a steady flat period. The support line shifts down, but now we have also a high probability of a price correction. After the market reacted to the elections in Germany and took into account the probability of political uncertainty in Germany, the euro still has a potential for stabilizing in price and strengthening. Market volatility will be lower next week, after an intense news period. In the near future we can expect data about the business activity index (PMI) from Singapore and about the volume of retail sales in the EU.
In this situation the most optimal course of action would be the deals to BUY in short-term trading, which is confirmed by the MACD oscillator. Nevertheless, the probability of the continuation of the new downtrend in favor of the SGD is preserved in the medium term.
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Charity in Thailand
This week SuperForex held a special event in Lat Krabang - one of the districts of Thailand’s capital, Bangkok. As a modern company, we appreciate the importance of Corporate Social Responsibility  and aim to help people in need. Thus we have chosen the Camillian Home to support needy Thai children.

Camillian Home is a registered non-profit children’s charity. It is one of the few facilities in Thailand dedicated to caring for these children in a family atmosphere, and it aims to serve as a model in caring for vulnerable children with special needs. They work with children who are living with disabilities, some of whom have been orphaned or abandoned, and some of whom are also living with HIV/AIDS.

For such a mission we asked Jiranan Suebnuch, our representative in Thailand, to help us make those children and employees happy. She kindly agreed to help us with this initiative. Together we bought all the things Camillian Home has in its suggested items for donation.

Pleasant people from Camillian home told they will make use of all those products and young Thai children, for whom the whole event was devoted, seemed happy and spent a good time with representatives of SuperForex company.

If you have any ideas on how to help more people that really need it - feel free to contact us. We are sure that acting in socially responsible way is an essential part of modern companies’ working.

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SuperForex Seminar in Kuala Lumpur
Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

· Forex Market Outlook
· Money Management
· Market Manipulation
· Partnership with SuperForex
· Fundamental and Technical Analysis
· Actual Support & Actual Resistance

And, of course, much more!

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

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Trump`s tax reform

How does this new suggested legislation affect the US economy?
This week we chose to return our discussion to the political situation in the United States where we have another major news story: the new tax plan proposed by President Trump’s administration. This story is significant particularly because this is barely the second major piece of legislation that Trump’s office has produced. The first one was the now infamous health care bill which died a slow death in Congress, repeatedly. The failure of the administration then drove investors to doubt the stability of Trump’s mandate, which was a major contributor to the record lows of the American dollar registered up until last week. Can this new bill on taxes have the same impact? Let’s see!
First off, we need to acknowledge how important tax policy was to Trump’s presidential campaign. He had a few key issues that were the highlights of his rhetoric: immigration, repeal Obamacare, and a better tax policy, among a few that stand out the most. His attempts to curb immigration through travel bans have been met with major disapproval, his plans to repeal or replace Obamacare have failed, and now his proposal on tax policy is met with a lot of doubt before it’s even fully-defined. Trump’s previous failures managed to shake the dollar, so it is reasonable to argue that if his tax bill is a fiasco, he might hurt the American currency again.
The plan that Trump’s administration announced on Wednesday can hardly be called anything, according to experts. It contains vague outlines of the administration’s goals while it lacks clear explanations of how they propose to achieve them. The actual work on making this plan more meaningful still lies ahead and may take months, according to CNN. What we know for certain is that the plan will decrease the top income tax from 39.6 to 35%, giving a major advantage to the richest Americans. The proposal would suggests an increase of the ratio of income that is exempt from taxes, which would mean a lower tax for every individual. While this sounds great for people’s personal incomes, it would make a major dent in the budget of the United States, due to trillions of dollars of potential tax revenue not being collected.
Trump’s tax plan doesn’t provide any guidance on how the budget shortage will be compensated under such a policy. It also doesn’t prove that this new tax system won’t place a greater burden on the middle class, which Trump has stated he wants to protect. It very clearly benefits the rich, while it’s murky (at best) in terms of all other income groups in the United States.
The plan also suggests a simplification of the tax system by collapsing the current seven-step policy (where seven different income groups are taxed a different percentage, between 10% and 39.6% for the poorest and richest incomes, respectively). The new system would have just three groups: 12%, 25%, and 35%, but the income brackets for each tax rate are still unknown. It’s also interesting that some corporate taxes are proposed for the 25% rate instead of the 35%, which may cause a lot of tax fraud.
Considering how much information is missing from the proposal, it’s still very difficult to dissect it. However, Republicans themselves do not agree on many of these issues, not to mention that Democrats are not likely to support anything that cuts the taxes of the wealthy, so this piece of legislation is likely to have trouble passing through Congress – if it is ever completed.
Right now there might not be too much to this story as we still need to hear more concrete points about the tax bill. However, it’s worth it to stay tuned and watch out for further instability within the United States. They are already in the spotlight due to tensions with North Korea – any internal disorder would only worsen their economic climate and weaken the dollar.
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Currency Converter

For your ultimate convenience we have implemented a new kind of calculator that allows you to instantly convert various sums from one currency into another. Simply select the two currencies you wish to exchange and the amount of the base currency. Our calculator receives a live feed of quote updates, so the calculations are always based on the most current exchange rate. You can also preview currency pair history and compare prices on this page.
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SuperForex at ShowFX Conference in Singapore
We would like to cordially invite you to join us for a productive day of learning and networking at the annual ShowFX Forex conference which will be held on October 21 in Singapore, the finance hub of East Asia. The ShowFX Conference in Singapore aims to increase the professionalism of traders and unite in one place all members of the Forex community: brokers, trading experts, and, of course, traders.
Don't miss the chance to discuss trading with SuperForex analysts and become a SuperForex Trader, or to speak about our partnership conditions with our Business Development team.
If you want to become a participant of the conference, please indicate your desire by contacting our support team in any way convenient for you.
Our website: https://superforex.com 

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!


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SuperForex Seminar in Kuala Lumpur

Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

· Forex Market Outlook
· Money Management
· Market Manipulation
· Partnership with SuperForex
· Fundamental and Technical Analysis
· Actual Support & Actual Resistance

And, of course, much more!

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

https://youtu.be/0UprcUbgdC4 


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Catalonia: Spanish or Independent?
Last week's referendum has brought new tensions to Europe.
The European markets shook this week, as last weekend Catalonia, an autonomous area comprising four provinces in northeastern Spain, held a referendum and voted in support of its independence from Spain. This week we would take a look at what happened and also where that leaves us now.
To begin with, the political status of Catalonia has long been a pressing concern on the Iberian peninsula. The region has long claimed it is a distinct nation, owing to historical evidence that up to the 16th century, it used to be separate from Spain. In modern history, Catalonia has fought for its independence all throughout the 20th century: it first received a status as an autonomous region within Spain in 1932, which was taken away during Franco’s rule. The autonomous status of Catalonia was restored in the 1970s when Spain returned to democratic rule. Catalans are allowed to speak their own language and have their own government, though officially it is subordinate to the Spanish government.
Over the last few years tensions regarding Catalan nationality have risen, culminating in last week’s referendum. Spain is naturally opposed to losing land and people which have been part of its territory over the last five centuries. Catalonia also happens to be a fairly rich territory. In general, if Catalonia declares independence, this would be perceived by Spanish authorities as an attempt to disrupt Spain’s territorial integrity and could even lead to (civil) war.
Is Catalonia independent? Right now, no. The referendum’s goal was to assess whether the Catalan population wants to be independent from Spain. They voted 90% in favor, but it is up to the Catalan government to decide whether to act on this vote or not. The referendum itself caused violent clashes with the Spanish police, so the Catalan authorities might bide their time, working out a way to avoid future conflict. The Catalan president Carles Puigdemont has spoken about involving international diplomats to help hold peaceful negotiations.
Naturally, the seriousness of this situation has caused ripples through the financial markets. Spanish stocks lost 2.7% this week, while banks that are based in Barcelona (the capital of Catalonia) were a whole 7% down. Spanish bonds have also decreased.
So, what happens now? Some analysts believe that Catalonia is not fully prepared for independence, in terms of its political organs and readiness for policy making. The region has relied on Spain, and by extension, the European Union for many of its day-to-day activities, so severing that relationship will be hard. If Catalonia declared independence without Spain’s approval, it would find itself in a tight spot. Spain’s economy will also suffer immensely, and future clashes and protests will hinder business activity. Investors could give up on Spanish assets altogether, which could plunge the government into a recession.
It is more likely that there will be a negotiation, which could win Catalonia additional levels of control over its activities, but would still not be a complete independence from Spain.
Because of the current protests and blocked roads, it has been impossible for some businesses to operate as usual. If things continue to be so chaotic and uncertain, Spain’s economic growth would stall.
Right now all eyes are on the Iberian Peninsula. If the King of Spain agrees to meet for peaceful negotiations, the pressure would ease off Spanish assets. However, if Catalonia moves ahead and declares independence, we could see a new crisis in Spain, and consequently Europe.

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Bitcoin Trading

SuperForex has introduced a new trading instrument for its customers – Bitcoin, the digital currency that continues to become more and popular globally. Bitcoin (XBT) is the most popular digital currency in the world, the first release of which took place in 2009.
Now you can trade Bitcoin against the US Dollar 24/7 via MetaTrader 4 – the trading platform we, at SuperForex, prefer.

Benefits of trading with Bitcoin:

Decentralization
Easy to use
Anonymity
Commission is negligible
High translation speed

Start trading Bitcoin with us and take advantage of our bonus program and special offers designed for our newest members. Read more: https://superforex.com/bitcoin 

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120 Hot Bonus

Earn more with the 120% Hot Bonus by SuperForex!
If you are an active trader on the Forex market 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 
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XAU/USD: Short Review & Forecast
The strong USD and the high probability of a rate hike this year put pressure on the GOLD. However, the geopolitical situation can change everything.
The situation on the market changed last month and the upward trend turned into a downward one. Until September the dollar had been under pressure due to geopolitical conflicts, the failure of Donald Trump's reforms and weak economic statistics. Consequently, a further increasing of the interest rate this year was doubtful for investors. All these negative factors followed one by one and put pressure on the dollar. Therefore, investors chose safer assets. This led to the Gold rising in price since the beginning of the year.
This week the dollar came under pressure again due to geopolitical risks because North Korea has announced new tests of ballistic missiles which are capable of reaching U.S. territory. However, the dollar has kept at a good level due to the strong economic statistics. The latest data on the labor market showed a decrease in the unemployment rate to 4.2% - the lowest level since 2001. In addition, the average hourly earnings have grown by 2.9%, which increases the probability of rising inflation. Therefore, a rate hike in the US in December is now expected by investors with a probability of 90%.
The resistance line of the trend is under the threat of moving up due to all of the geopolitical risks, but at the moment the most optimal course would be the short deals in the short-term, which is also confirmed by the MACD oscillator.
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SuperForex Seminar in Kuala Lumpur
Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

· Forex Market Outlook
· Money Management
· Market Manipulation
· Partnership with SuperForex
· Fundamental and Technical Analysis
· Actual Support & Actual Resistance

And, of course, much more!

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

https://youtu.be/0UprcUbgdC4 


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Recent Developments with Oil

The latest events in the US, OPEC, and China have helped stabilize the oil market, but where is it really going?
To anyone interested in the financial markets it is hardly a secret that crude oil has been really far away from its usual glamour over the past few years. What started off as competition between the OPEC states (chiefly led by Saudi Arabia) and the United States exacerbated and led to a dramatically oversupplied oil market, bringing prices down to record lows. Now, more than two years later, is oil finally recovering?
First off, if we look to the United States, generally speaking, they have consistently increased their oil extraction activities. Thanks to shale oil, the US is able to extract oil in a cost-effective manner that allows them to make a profit even at low oil prices. This is why throughout the oil crisis the United States remained undeterred and kept up with their schedule as if nothing out of the ordinary is going on. Towards the end of this summer, however, the US was forced to put some of its activities on hold due to a series of natural disasters along its coastlines, which caused huge damages and disrupted the work of oil extraction facilities. This allowed the markets to ease off somewhat, but there was no reason to assume that the United States would decrease their oil production anytime soon.
On the other hand, last year OPEC member states managed to agree to start cutting their oil production in order to fight the oversupply on the market. With an unbelievably committed compliance with the agreement of up to 90% OPEC managed to decrease their exports and gradually bring oil prices up past the psychological level of $50 per barrel. They were also helped by non-OPEC countries like Russia who willingly joined the reduction effort in order to stabilize the oil market. Investors perked up recently amid news both from OPEC and Russia that everyone is willing to continue with this approach into 2018 in an attempt to restore the market to how it used to be.
Nevertheless, yesterday data on the US oil reserves was released which showed a decline in the number of barrels available. This allowed oil prices to climb up to $51.01 (WTI) and $56.58 (Brent).
In addition, China entered into play again. At the beginning of the oil crisis, China (the biggest oil importer in the world) was quite important – due to its slowing economic growth, it simply didn’t demand as much oil as before, so it left the market oversupplied. Now China has started buying oil again, though according to reports, it is not consumer demand, but rather to fill its security reserves. Still, this helped ease the market further.
Another important factor for the oil market right now is the Iran deal. It has to be renewed every 90 days and it’s widely expected that Donald Trump would not renew it this week. If he does not renew it, US Congress has two more months to decide on sanctions for Iran, which could block some of the oil supply coming from there. If this happens, supply will decrease and oil prices will move up.
According to the International Energy Agency, 2018 would generally shape to be a balanced year for oil. They report steady increases in demand, which would lead to a healthier oil market, provided the current production levels are met. However, this means that OPEC would need to extend its agreement on production cuts past March 2018, when it is set to expire. If a new agreement is reached and we do not see massive natural disasters, then next year we could finally see the oil market recover.


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USD/SEK: Review & Forecast

There is no news from Sweden, so the USD/SEK rate is depending on the situation in the USA. Investors are focused on news about choosing a new FED Head.
Over the last month the situation for the USD/SEK currency pair has not changed. The rates continue in the frames of a downward trend with signs of consolidation. The range of the consolidation phase at the moment is 8.0249-8.1862 SEK.
This week the rates were under the influence of the situation in the United States. The U.S. dollar strengthened against most currencies amid the unstable political situation in the EU. Investors are focusing on the appointment of a new head of the Federal Reserve. This week it was reported that Donald Trump would like to see a supporter of tight monetary policy fill the position of Fed Head. On Monday he met with one of the candidates for the post, John Taylor, who was in favor of active interest rate increase and the achievement of a level three times the current one. Donald Trump was pleased with the meeting, but at the moment it is unknown who will finally be chosen in February 2018. Investors are expecting Trump's decision by November 3.
In any case, the current head of the Federal Reserve, Janet Yellen, also expressed there is a high probability of a rate hike despite the low inflation indicator. She said that the U.S. economy is currently strong enough and the good situation on the labour market allows for an increase in the interest rate in the near future.
The Stochastics oscillator signals reaching the overbought zone and the probability of a price correction in the near future, which allows us to make a profit with short deals. Nevertheless, it should be noted that the USD has the potential for further strengthening in the medium term perspectives. Therefore, pay attention to the point of entry 8.1862 SEK, which may indicate not only the completion of the consolidation phase, but also the trend reversal in favor of USD. On the other hand, the achievement of the level 8.0249 SEK confirms the continuation of the current downtrend.
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No Deposit Bonus
Our No Deposit Bonus is a free offer that grants you some bonus funds to be used in Forex trading, without having to make any deposits in advance. Any person can get it, as long as they meet the requirements stated in the bonus agreement. You will get $25 to trade with - and you don’t need to deposit even a cent! Either way, it is one of the most generous offers that SuperForex can provide to our customers. As such, we want to provide our clients with the opportunity to try as many ways to trade as possible.

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.

Learn more at https://superforex.com/no-deposit-bonus 
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NZD/USD: Fundamental Review & Forecast
Speculations around the Federal Reserve and positive statistics support the USD. The NZD continues to fall.
The rates continue in the frames of a downtrend. The New Zealand dollar still cannot find enough incentives for strengthening and a trend reversal in its favor. The situation may change if the RBNZ makes a decision to raise interest rates at their next meeting which will be held on November 8. There are reasons for the increase, such as inflation growth in Q3 to 1.9%, which not only exceeds the expectations of investors, but also exceeds the forecast of the RBNZ. Given that at the moment the interest rate is at a historic minimum and has not changed for a long time, the RBNZ may revise the rate at their next meeting, although it had previously planned to do that in 2019.

This week the rates were influenced by speculations about who would be the new head of the Federal Reserve. Initially, it was predicted that Donald Trump wants to choose a supporter of tight monetary policy, but the latest information on the market is that the biggest chances are currently for a supporter of less “hawkish” policy, Jerome Powell. The U.S economic statistics were positive enough: the manufacturing PMI for the state of New York in October jumped to 30.2 points. The index of business activity from Philadelphia's FED also unexpectedly increased in September. There was also positive data on the labor market. All of this has led to the dollar's strengthening against the NZD.
After the publication of the recent data about inflation in New Zealand, the NZD managed to strengthen a bit against the dollar, but then the rates went down due to positive economic data and the speculation around the FED in the USA. Nevertheless, now the NZD has all chances to strengthen in the near future. Oscillators (Stochastics, MACD, RSI) unanimously point to the rates in the oversold zone, suggesting the expediency of opening the deals to buy against the trend to make a profit based on the price correction.
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Seminar in KL
We invite everyone to receive new knowledge and useful information for free.

Our seminar will be held very soon, we want to remind you that you have little time to register, if you have not already done so. Forex Trading Seminar will be held on October 28, 2017 at the Arenaa Star Hotel, Kuala Lumpur, Malaysia.

You will have a unique chance to learn a lot of new information regarding the forex market. Our speakers have prepared reports on various topics that will be of interest to both novice and traders with experience

This year our speakers will be:
- Razak Mohd Nor
- Haji Azhar Ramli
- Dan Imran

Schedule:
12:00 - 12:30 - Registration
12:30 - 13:30 - “SuperForex Company Profile” by Haji Azhar Ramli
13:30 - 14:45 - “Forex Market Outlook” by Razak Mohd Nor
14:45 - 15:15 - Coffee Break
15:30 - 16:30 - “Support & Resistance in Forex” by Dan Imran
16:30 - 17:00 - The final lottery

It would be our great honor if you can come to this seminar. Participation in the seminar is free, it is necessary to fill in only the registration form on the site.

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AUD/CAD: Fundamental Review and Forecast
There're a high volatility today. Investors are waiting for the decision of the Bank of Canada about raising the interest rate. Probably this issue will be postponed until December.
The AUD/CAD rates continue in the frames of a weak downward trend. The only thing that has changed over the last month is a shift of the support line down. The resistance hasn't changed for a while despite a number of signs of a new uptrend that can be seen on the chart.
Today is full of events for the AUD/CAD currency pair, which led to a sharp increase in volatility on the market. Since the beginning of the day the Australian dollar has come under pressure due to recent negative news about the Australian economy: the inflation rate in the 3rd quarter was only 0.6%, which does not match the expectations of analysts. The inflation rate in annual terms was 1.8% against the expected 2%. The weighted average consumer price index was also below the forecasted level. Therefore, the value of the AUD fell sharply against major currencies.
At the moment investors are waiting for the decision of the Bank of Canada about the interest rate. Though, investors suppose that increasing them will be postponed until December. Also important is the report of the Central Bank about further monetary policy. Last week the CAD was under pressure due to a decreasing of the retail sales volume of 0.7%, while economists were expecting growth of retail sales in 0.3%. The rate of inflation has slowed down. The Australian dollar, in contrast, received support, mainly due to recent data about the economy of China.
The Stochastic oscillator indicates the rates are in the oversold zone, so there's a high probability of a price correction soon. In this situation the deals to BUY against the current trend would be the most effective. It can be assumed that the most likely decision of the Bank of Canada is to leave interest rates unchanged, temporarily negatively affecting the value of the CAD, which confirms the efficiency of the deals to BUY. However, it's too early to speak about the formation of an upward trend. It should be noted that the price of oil has a tendency to grow. Increasing oil prices support the Canadian dollar, so the downward trend has all chances to continue.
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SuperForex Lucky Draw
Do not miss your chance to win $300! Every client of SuperForex can take part in a win-win lottery. We give you the opportunity to win money without any cost. All you need to do is confirm your participation in the contest and the system will generate your winning number.
For this, you need an account in our company and a balance of at least $50 on this account. More details on the rules of the contest you can find out on our site https://superforex.com/lucky-draw 
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ECB Meeting Outcome
The euro slumped after the ECB announced its decision regarding stimulus measures yesterday.
Throughout this week news headlines were dominated by one thing: Thursday’s press conference of the European Central Bank. Despite losses for the euro over the past few weeks, largely due to the political tensions between Spain and Catalonia, the single currency managed to recover some of its losses this week, on the expectation that the ECB would finally announce a plan to phase out of its ambitious stimulus program. Did that happen? It seems that the answer is somewhat complicated.
Let us take a step a few years back first. Amid the fallout of the economic crisis of 2008 the global recession reached Europe and we saw massive economic slowdowns even in the most developed countries in the world. This prompted a new dovish trend among central banks: buying government bonds on a massive scale in order to promote growth and inflation. We saw this happen in the United States, in Japan, and even in Europe.
This is why the European Central Bank has been buying 60 billion euro worth of bonds per month over the past few years. Their efforts have shown results – economic data from all over the eurozone comes in consistently positive, European countries are enjoying economic growth of 2-3%, and inflation has increased, compared to 2008. This positive effect has prompted investors to hope for an end to the stimulus measures, which would allow the euro to start increasing in value against major currencies.
Yesterday’s press conference of the ECB, however, brought mixed results. The central bank finally showed a willingness to move away from stimulus by announced a reduction of the package in half – from 60 down to 30 billion euro per month. That would have been good news for investors and for the euro, had it not been for one addition – the ECB plans to continue with the measures well into 2018, possibly until September. The stimulus package is still needed, according to the ECB, because the healthy inflation rate of 2.0% has not been achieved yet (it is at 1.5% currently).
The markets were hoping for something more short-term, rather than the nine months of bond redemption planned for 2018. As a result, the euro dropped dramatically overnight, falling to trade around 1.1626 today. While investors were hoping to awake to a stronger euro, it seems that the ECB prefers it this way: by preventing the euro from appreciating, the ECB is ensuring exports from the EU are not going to suffer.
So, what’s in store for the euro? The ECB has shown an ability to act flexibly. They would keep a close eye on data from the EU, particularly to wage growth and inflation. It is possible that they would revise their expectations at their next meeting in December. Most importantly, investors need to understand that the ECB is trying to move very slowly, as sudden changes in the financial markets could have a harmful effect and undo all the good the stimulus program has achieved so far. In general terms, this means we are not likely to see a much stronger euro within the next year – unless there are external reasons, such as problems with the American dollar, for example.


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50% discount in honor of the European Union Foundation Day
On the 1st of November, 1993 - the day of the founding of the European Union - 28 European states signed the Maastricht Treaty.
Regarding it, SuperForex company announces to all traders about a 50% discount on deals with currency pairs: EUR / SEK, EUR / NOK, EUR / PLN, EUR / GBP, EUR / DKK, EUR / HUF, EUR / AUD, EUR / CAD, EUR / USD.
https://superforex.com/no-spread-accounts 
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Results of the conference in Singapore
Good news from our company!

On October 21, 2017 Superforex participated in the prestigious international Forex conference ShowFx in Singapore. Our efforts to create the best partnership program have not gone unnoticed. We are returning from Singapore with the “Best Affiliate Program 2017” award by ShowFx.

Along with our partners’ success, this award once again shows that we’ve reached our goal.
Everyone who decided to become our partner and work with us can benefit from the best conditions for cooperation.

We’ve created various such opportunities:

Being our Introducing broker
Trader-Partner
Webmaster
Blogger
Exchanger
FX Signal Provider
FX Advisor Seller
FX Education Project
Investment Project

If you are confident enough and have the desire to join us - we are always happy to connect!
You can find more photos from the Conference here: https://superforex.com/offline 

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CAD/JPY: Fundamental Review and Forecast

The JPY has weakened due to a decision by the BoJ to leave the rate unchanged, while the CAD was supported by high oil prices and has all chances for growth.
More information look here: https://superforex.com/a...view-and-forecast-011117 
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SuperForex Seminar

On October 28, 2017 SuperForex organized a dynamic trading seminar in Kuala Lumpur, Malaysia. This special event was aimed at providing new insights into the Forex market for our traders and helping them find new, better ways to be profitable.

It was, in fact, quite a busy day in terms of trading tips and advice, thanks to our noted guest speakers.
This particular seminar was attended by more than 70 eager traders and Forex professionals. As always, we prepared a number of prizes for our loyal customers - we held a raffle at the end of the seminar where four certificates were awarded, of a total value of $1500.

You can see some of the most memorable moments from the seminar on our website.

We would like to thank everyone who managed to come and join us at this seminar. We sincerely hope you had a great day of learning and networking, and went home with new inspiration for even more ambitious, more successful trades!

Remember to follow our media outlets to learn about our upcoming events. We would love to see you there!

Best,
SuperForex

Visit our website: https://superforex.com 
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Powell Named Next Fed Chief

Trump's nomination of Jerome Powell as next chief of the Federal Reserve didn't shock the markets.
For over a week now the financial markets were taking it easy on the American dollar. Investors almost stopped trading USD pairs this week as we all waited for one important announcement that happened yesterday – President Trump’s nomination of a new head of the Federal Reserve. He chose Jerome Powell for this position, so let’s take a look at what this entails.
To start with, it is important to remember that the President’s rule is not absolute – he cannot appoint a Fed chief, but merely nominate one. It is up to the Senate to decide whether they accept the nomination or not. So, technically speaking, Powell’s position is not 100% confirmed yet.
So, who is Jerome Powell? Unlike the previous Federal Reserve chiefs over the last 40 years, Powell does not have a PhD in Economics, but is instead a lawyer by training. However, he has had a long career within the finance world that includes investment banking, a position in the U.S. Treasury during Bush senior’s presidency, and a post as governor within the Federal Reserve for the last few years. He has been working closely with current head Janet Yellen, so he knows all about the current trend of policy making employed by the Fed. In many ways he seems like the perfect candidate for the job, since he’s already involved and up-to-date with the Fed.
In terms of his policy outlook, Powell has been on the same page as the current Fed chief Janet Yellen. That means that while the Federal Reserve in general plans to reduce its investments (after the 2008 crisis the Fed bought trillions of dollars worth of assets in order to boost the economy) and increase interest rates, Powell’s goal would be to do it slowly, gradually. Even though economic data from the United States is coming in consistently positive, the economy is still vulnerable to sudden changes. The Federal Reserve is also struggling with an issue of mixed signals – strong statistics and low unemployment are begging for a rate hike, but low inflation is saying it’s too early. It’s a tricky balance that Yellen has managed to keep with remarkable patience and attention to detail. It is expected that Powell’s approach will be similar.
The markets didn’t have a major reaction to the announcement. As evidenced above, Powell is expected to pretty much replace Yellen unnoticeably, with no major changes in policy. He was also rumored to be the top candidate for the job weeks before the announcement, due to his current prominent post within the Federal Reserve. He is also a Republican, which makes him an even more desirable choice for President Trump and a mostly-Republican Senate.
There was some space for surprise, in case Trump nominated someone else with a different economic opinion, such as John Taylor. The Stanford economist is known for his much more hawkish stance on monetary policy, and if he had been nominated, it is likely that the dollar would have received a major boost.
Since the nomination went on without any major surprises, we can say that in terms of the American dollar, in 2018 we expect things to continue in much the same way as now: slowly, patiently, with a close attention to each report on the American economy and inflation. Meanwhile, an interest rate increase in December, still under Yellen’s guidance, is still expected.
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Seminar in KL
We invite everyone to gain new knowledge and useful information for free.

Our seminar will be held very soon, so we want to remind you that you have little time to register, if you have not already done so. Our Forex Trading Seminar will be held on October 28, 2017 at the Arenaa Star Hotel, Kuala Lumpur, Malaysia.

You will have a unique chance to learn a lot of new information regarding the Forex market. Our speakers have prepared reports on various topics that will be of interest to both novices and experienced traders.

This year our speakers will be:
- Razak Mohd Nor
- Haji Azhar Ramli
- Dan Imran

Schedule:
12:00 - 12:30 - Registration
12:30 - 13:30 - “SuperForex Company Profile” by Haji Azhar Ramli
13:30 - 14:45 - “Forex Market Outlook” by Razak Mohd Nor
14:45 - 15:15 - Coffee Break
15:30 - 16:30 - “Support & Resistance in Forex” by Dan Imran
16:30 - 17:00 - The final lottery

It would be our great honor if you can come to this seminar. Participation in the seminar is free, it is only necessary to fill in the registration form on the site.

https://superforex.com/s...kualalumpur-october-2017 

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Results of the conference in Singapore
Good news from our company!

On October 21, 2017 Superforex participated in the prestigious international Forex conference ShowFx in Singapore. Our efforts to create the best partnership program have not gone unnoticed. We are returning from Singapore with the “Best Affiliate Program 2017” award by ShowFx.

Along with our partners’ success, this award once again shows that we’ve reached our goal.
Everyone who decided to become our partner and work with us can benefit from the best conditions for cooperation.

We’ve created various such opportunities:

Being our Introducing broker
Trader-Partner
Webmaster
Blogger
Exchanger
FX Signal Provider
FX Advisor Seller
FX Education Project
Investment Project

If you are confident enough and have the desire to join us - we are always happy to connect!
You can find more photos from the Conference here: https://superforex.com/offline 

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SuperForex merchandise
Our design team worked hard and came up with a new piece of SuperForex merchandise exclusively for our partners.

If you are a SuperForex partner, this fashionable black T-shirt with collar and SuperForex branding could be yours - for free!

All you need to do to obtain it is reach a certain target. To learn more, simply get in touch with our Partnership Department - they will explain the process and also get your mailing information, so that the shirt can be shipped to you.

Our partners from all countries in Asia will also be able to receive their T-shirts at dedicated meetings with SuperForex company representatives.

You can contact the Partnership Department using the following methods: +65-3-1590282 (International format)
partners@superforex.com

Also you can find more merchandise products here: https://superforex.com/merchandise 
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Oil Moving Towards Balance

With new developments in Saudi Arabia, the oil seems to be climbing up.
A lot has been going on with the commodity markets lately, so we decided that this week it’s high time we revisited one of the key topics on the financial markets – crude oil.
More information see here 

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Markets Are in Decline
The British pound continues to fall.
After the announcement by the US Senate on the introduction of a tax reform in 2019, the stock markets have reacted in a slight decrease and stopped the 8-week dollar rally.
More information see here 


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EUR/USD Technical Analysis
Today a number of macroeconomic indicators are going to be released, as well as a number of statements from heads and members of the central banks of Europe and the United States.
More information see here 

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Oil(CL/WTI): Review & Short-Term Forecast

Oil came under pressure due to new forecasts about global demand for crude oil which show balance on the market won't be achieved in the near future amid increasing extraction of shale oil in the USA.
More information see here 


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AUD/USD Technical Analysis
Yesterday a lot of economic indicators were released in the US, which showed mixed dynamics, but in general, the reserve currency began to win back lost positions relative to the major currencies.
More information see here 

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USD/SEK: Fundamental Review

The uncertain future for the the tax reform in the USA negatively impacted the USD. There is no incentive for further growth.
More information see here 


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