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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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USD/SEK – review and short term forecast.

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

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

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Earn more with the 120% Hot Bonus by SuperForex!
If you are an active trader on Forex and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.
In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.
For more details click here  

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

This year we are likely going to have a lot of political events in the European Union, which would make the EUR/USD the most highly volatile trading instrument on the market. There are going to be elections in Germany and France, the results of which can have the same economic impact as the results of the Brexit vote or Donald Trump’s presidential victory in the United States. It is expected that the election campaign in Germany and France can only increase the chances of victory of the opposition forces which promise to change radically the political and economic strategy of their countries. One of the presidential candidates in France, Marie Le pen, for example, intends to withdraw the country from the Eurozone and to raise the question about a possible withdrawal from the EU, which are some of the most radical changes at all.
Regardless of the outcome of the elections, the markets will work in the conditions of political uncertainty and react to all statements by politicians during the election campaign. Additionally, the policies of Donald Trump will only increase the volatility of major currency pairs. This year we can expect with a certainty many trend reversals and many extremely high spikes.
This process begins now. You can easily make 200-1000% profit now if you act quickly! All you need to do is follow news and the election process, and try to correctly guess the outcome. We would be right there with you, every step of the way with our analyses of major instruments and potential opportunities. Trading on Forex has never been so interesting - make a deposit now to take advantage of the volatility and quickly make a profit!

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AUD/CAD: short review and forecast

Since the beginning of the year, the Australian dollar began a steady growth, which led to the formation of a new uptrend. it was unexpected by many investors who think the value of the AUD is overvalued, taking into account recession in the Australian economy, in particular the decreasing of the business activity index to 5, and decreasing of the share's prices of mining companies in Australia. Mainly, the reason for the growth of the Australian currency was the canadian dollar, which during this time did not exert any pressure on the AUD. Canada's economy is stable, though it doesn't show some growth. But unstable oil market, the risks for further decreasing in oil prices and the USD rates make pressure on the CAD value.
Despite worries about overvalued Australian dollar, it looks better enough and keeps growing. This confirmed by the Reserve Bank of Australia, who believes the slowdown in growth is a temporary and expects an improvement in economic indicators. So at the meeting, the RBA left interest rates unchanged, thereby maintaining the currency at a high level. Also, positively impact has had information about the growth of China's economy and it has good perspectives for increasing export volumes.
At this time, the oscillators MACD and Stochastics are neutral. The most optimal in this situation is to open the deals on the trend, upon medium-term trading.

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Partnership For exchangers

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

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

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

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Technical analysis of the currency pair EUR/USD on 14/02/2017. The daily chart

General analysis.
The January increase for the currency pair EUR / USD was completed and now we are back into the medium downtrend. From the beginning of February, the price dropped 250 points and is now trading at around 1.0635. The closest support level for the euro will be the support of 1.0550.
Earlier in early February the price of successful break below the moving average 14 and fixed below the line therefore determining the trend at the moment as the downward.
Chart of Stochastic indicator also indicates a decrease. Two signal lines are directed down and located in the overbought zone.
Considering the overall picture for the EUR / USD, we can confidently expect a further decline at least to the support 1.0550 and possibly even lower. The correct decision will be to open short positions down to support 1.0550 and after that make further analysis of the situation in case of breakdown or rebound from this level.
When you play the short you should pay attention to the volume level. If volumes will continue to grow with an approximation to the level of support level, then most likely we will see a breakdown and a further decline. But if the volume will decrease, the best solution is to take profit and open a new position after making new analysis.

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Multi-level Partnership Program

We would like to introduce to you our Multilevel Partnership Program - a type of affiliate program that provides wider opportunities for getting income compared to standard programs.
The Partner gets remuneration for the trading operations of both his clients and for clients who were engaged by his clients-turned-partners in this program. You can expand this partnership network for up to five levels of affiliation.
The main principle of this affiliate program is easy: you engage clients to start trading with SuperForex. You will get a unique referral link for this program which automatically keeps track of all clients you have acquired and includes them in your multilevel partnership group. Your clients then can also become partners and attract new clients, creating a third level of affiliation.
Your clients realize trades and you get remuneration based on their trading volume during the whole period of this client's operation in the company. You also receive commission on your client's clients' trades.
Learn more at https://superforex.com/r...evel-partnership-program 

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Technical analysis of the currency pair AUD/USD on 16/02/2017. The daily chart

General analysis
During this week the price of the currency pair AUD/USD has risen slightly more than 130 points and came close to the support level at 0.7700.

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 0.7700 and all the 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 0.7700 and the presence of divergence in the graph we have all the signals for the opening of sales for AUD/USD.
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 0.7610 or even further to 0.7500.

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Replenish your account and get additional 1000% of your deposit!
SuperForex invented a bonus that allows each trader to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.
Learn more via this link https://superforex.com/ru/easy-deposit-bonus 

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Replenish your account with most popular crypto currencies.
SuperForex aims to improve the existing deposit and withdrawal services for its customers. Now our customers have a possibility to replenish their accounts with any cryptocurrency they like.
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Start trading with us and take advantage of our bonus program and special offers designed for our newest members.
More details at https://superforex.com/ 

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

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

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Earn more with the 120% Hot Bonus by SuperForex!

If you are an active trader on Forex and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.
In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.
For more details click here https://superforex.com/hot-bonus 


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

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SuperForex Easy Deposit bonus
SuperForex invented a bonus that allows each trader to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.
Learn more via this link https://superforex.com/ru/easy-deposit-bonus 

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

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

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

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

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

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

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

Trading can be simple and easy with SuperForex. Now you don’t even need to risk your own capital in order to begin trading. Our No Deposit Bonus is here to help with that.
The No Deposit Bonus is a unique one-time offer that you can apply for. If you meet the necessary requirements stated in the bonus Terms and Agreement, you will get $25 to trade with - and you don’t need to deposit even a cent!
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You can find more info via this link https://www.superforex.com/no-deposit-bonus 

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

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

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

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

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


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SuperForex Trading Points Loyalty Program


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

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

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

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

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

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

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

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

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

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

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

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

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

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SuperForex Money

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

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Deposit Insurance
With SuperForex you never have to worry about the safety of your deposits.
For maximum security during trading SuperForex offers its customers a Deposit Insurance service. By insuring your deposit with us you can be certain that you can always get it back, even if you make a losing deal.
With the Deposit Insurance Program customers can insure up to 100% of their deposit and recover it entirely after suffering a loss.
Learn more at https://superforex.com/funds-security 
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The more lots you trade - the more bonuses you earn
To reward our most dedicated customers we developed the SuperForex Loyalty Program - a system which allows you to accumulate points and trade them for prizes.
The loyalty program is open to all customers who create real accounts with us. Upon registration all members automatically enter the contest and start collecting points for rewards.

You can find more information and look for prizes at https://superforex.com/t...g-points-loyalty-program 

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AUD/CAD: fundamental review and forecast

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

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

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

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Trade Mobile with SuperForex

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

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

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American Express: Limited Offer!

Dear traders and participants on the Forex market,

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

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

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

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GBP/CAD Technical Outlook after the CPI

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

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

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

The Next Few Days

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

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

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NZD/JPY: short market review and forecast

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

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

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

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Get a 1000% bonus at your account
SuperForex invented a bonus that allows each trader to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.
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Earn more with the 120% Hot Bonus by SuperForex!

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EURJPY Technical Outlook & no more Bears in the Market

Our recent report about EURJPY on March 14, we recommend you selling the pair around 122.50 when it was trading nearly to the downside trend line and we saw the pair has declined more than 300 pips and achieved our targets so today we’ll have a look the same pair again because it maybe change the future trend.

The pair is trading now at 120.10 which is strong support area because it has a trend line which has started on October 21, and it has too a correction percentage 61.8% Fibonacci from the rising wave which started from 118.20 to 122.85 so, we predict to move up a little in this tight area, but the pair is still trading below the SMA50 which is resistance moving level, the MACD is still in sell signal but the Stochastic indicator made accumulation movement and gave us a buy signal which is considered an early signal for us.

The Next Few Days

From this analysis, we can close our sell positions with +320 pips and take a buy order after the pair touched the rising trend line and keep our first target at 120.80 and the second one at the downside trend line at 122.15 that in case the pair still trading above 119.30

This week the market doesn’t have hot news from the EU or Japan so the market will be in poor volatility in the next trading days.

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EUR/AUD: short review and forecast

The rates of EUR/AUD are in the frames of new upward trend, which has formed a month ago. The Euro strengthened against the U.S. dollar and many other currencies, including the Australian dollar (AUD). During the last few weeks we have not received any important information that would affect the Australian currency. The data that were on the market, were not enough. The iron ore prices are stable, the price of gold rising, but the price of copper is under the pressure due to increased volume of extraction. Positive statistics from Japan, the statements from China about plans to develop trade and economic relations with Australia, couldn't impact and strengthen the Australian dollar against the Euro. Thus, we can expect that the uptrend will continue in the near future.
the Euro is on the rise this days. It's strengthened against the USD, as D. Trump's reforms face with huge resistance in the U.S. Congress and successfully block all possible ways. In addition, the Eurozone, last week received a positive statistic that shows stability and growth in economy of the leading EU countries. The Eurozone PMI in March, achieved the record level for 6 years, reaching 56.7 pips. Record PMI also in Germany and France, separately. All this inspired investors, and EUR now seems more stable amid the USD, despite the official start of Brexit.
Oscillators indicate different signals. but in this situation, it is better to open the deals by the upward trend as Stochastics oscillator also confirmed and indicated good moment to open the deals to BUY.

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Trade Mobile with SuperForex

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

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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:
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Special Offer for NoSpread accounts!

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

Since the Federal Reserve increase the interest rate last month and the US Dollar is in constant decline against the Japanese Yen from the highest level in the last two months at 115.49 to trade now at 110.40 it means more than 500 pips loss.

The USDJPY currency pair is trading now in series of corrective waves in a price channel which will lead the prices to make a correction movement to 50% and 61.8% Fibonacci, but we have a key support level at last month’s lowest prices that in case the pair broke it down we can take sell positions to make profits.

The MACD indicator is still giving us a sell signal and the bars are below the 0 value, the RSI didn’t give us the oversold sign yet, it means the pair will lose more pips.

The Next Few Days

From this analysis we can sell the pair now at 110.45 with small lot size and increase it once the pair broke the 110.15 level and keep our first target at 50% Fibo at 108.85 and the second one at 106.50 which reflect the 61.8% Fibo that in case the pair still trading below 111.70, if it broke 111.70 up we can buy it till 113.40.

We have to be careful in the upcoming hot news like the ISM nonmanufacturing PMI and the FOMC Meeting next Wednesday and the Non-Farm and jobs report on Friday

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SuperForex 40% Welcome Bonus
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Tesla CFDs Review & Forecast
Most traders prefer to trade with currencies and don't pay attention to the possibility to earn on the shares of leading companies. If you trade with currencies, you need to analyse many factors, which often contradict each other. All this requires much of your attention, knowledge and skills as a trader. Even if you are a trader with years of experience, the risk of losses is high. In contrast, trading with contracts of difference (CFDs) is much simpler.

We offer you to start trading with CFDs now in order not to lose an opportunity to get profit. We would like to direct your attention to the shares of TESLA. This young company is growing rapidly and has enormous potential. Now everything becomes predictable as never. Volatility becomes high and it is possible to make good money. The company is rapidly increasing its production of electric cars, becoming more and more profitable. In its 14 years of operations, TESLA is near in value to the cost of Ford Motor, which is more than 110 years old.

We can confidently expect that in the future this company will become the world leader of the automotive industry amid the comprehensive transition to electric cars and the desire to save the environment. Nowadays, even countries like China are beginning to use electric cars. All car manufacturers are increasing the volumes of electric cars production; the demand for electric cars is rapidly growing. Everybody understands that electric cars are the future of the automotive industry. This will certainly increase the value of TESLA's shares - in fact, it is increasing rapidly right now.


On the chart of the #TSLA, you can see an incredibly rapid upward trend. Nowadays you won't see anything like that. We can say for sure that this trend will continue in the future. We are waiting for further rapid growth, giant hikes and price corrections, which you can use to earn a profit with any trading strategy, both long- and short-term.

Thousands of traders have already noticed the potential of TESLA and trade on it actively. Now you can join them and trade profitably with #TSLA today.

We wish you luck in your trades!

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USD/SEK – review and short term forecast.

The rates of the USD/SEK is in the frames of upward trend. Dollar continues also to strengthen against the Krone, this week. It should be noted about unusually high volatility for this currency pair. Positively impacted the dollar a strong statistics from the USA this week. Employment in the agricultural sector increased to 263К against forecasted 187К. The number of applications for unemployment allowance dropped significantly to 234 thousand. It's been predicted reductions the number of applications from 258 to 250 thousands. In addition, received information about the reduction of the trade deficit: from - 44,8 - up-to -43,6. Also, it has been noticed the FED representatives, who said that current situation in the US economy is not only allows to increase the interest rate, but need it in the near future.
As for the Sweden, the market has not received new information that could affect the value of the Swedish Krona. At the moment there are only data for February. The most significant of them are increased volume of orders in industry by 12% and the growth of industrial production at 4.1% in February, year-on-year. Trade balance has been fixed at almost zero value, and in the period December 2016 - February 2017 amounted -0.6 billion SEK.
At this moment the most optimal can be the deals on the trend, which in the medium term can generate some profit. We can expect achieving the level 9.05. Oscillator MACD also show potential to growth. Though probability of a price correction remains high, but opening the short deals, seems less promising at the moment.

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Don't miss your chance to get $300 from SuperForex!

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The GBPCAD in Crossroads & H4 Chart

When you take a look at daily chart for the GBPCAD currency pair, you will see that we have the last 3 candles are bearish candles which led the pair to 1.6513 the lowest level in two weeks after it recorded the highest 1.6798 in this month and for minutes ago the CPI released from the UK and came as the previous one at 2.3% and better than the forecasting figure at 2.2%, after this news the GBPCAD rose more than 55 pips to trade now around 1.6560.

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The pair is trading inside a wedge since last November and I think it's the time for the breaking, when we look at the pair on smaller time frame like H4 we see the pair touched the lowest level and we can't predict now it will break it or will back to rise again, the Stochastic indicator is in oversold levels it means we can buy the pair from here.

The Next Few Days

From this analysis on daily and h4 chart we have to wait for a bullish candle on H4 chart and buy the pair and place our take profit at 1.6650 at the resistance level and around the SMA and the next target at 1.6760, but if the pair didn’t form a bullish candle and broke the wedge down we can sell it and keep our target at 1.6300.
We have to be careful in the upcoming days regarding hot news like the overnight rate and monetary policy from Canada in addition to BOC press conference.


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

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AUD/CAD: review and forecast

The upward trend of the AUDCAD chart, which steadily continued amid decreasing of oil prices and other factors, is in the risk to be completed. Rising of oil prices and strengthening the USD allowed the canadian currency to strengthened amid disappointing statistics on the economy of Australia. The support line has been broken and greatly displaced down. So, now we can see that the downtrend is formed, though it's early to talk that current upward trend is over. It can be restored next week. Australian currency may take again the initiative, considering that in the near future, the market is not expected any important data on the canadian economy.
At the same time, next week, we expect important information from China and New Zealand, which may impact the value of the Australian currency, as Australia is a leading trade partner of these two countries. Yesterday, the AUD has increased significantly during 1 day - with 0,997 - up to 1,008 CAD thanks to latest information about economy of China, where in March, exports grew 16.4% year-on-year, and imports by 20%. In particular, imports from Australia grew by 74.8%. Also, positively impacted the strengthening of the Australian dollar, strong statistics on a labour market - recent report of the Australian Bureau of statistics show "the employment change" indicator was 60.9 K, against predicted 3 times less 20.
Today, we can't expect some volatility on the market because of Easter's holiday in Australia and Canada. So the the rates of the AUD/CAD probably will come to consolidation phase, but in Monday trading will be more active and probability of a price correction will increase. Oscillators give mixed signals, but in the current situation, low volatility in the market, we can pay attention to the entry points 1,0072 and 1,0085. At the moment, upon medium-term trading, we'd recommend to open the deals to SELL, trusting the Stochastics oscillator.

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The EUR/JPY Review & Forecasting Uptrend


Since March 13 the EURJPY currency pair has changed the direction and became strongly down and it declined since this day till yesterday around 790 pips, so large number or big loss for the pair, but after yesterday close I think the pair finished the bleeding journey and will start rising now, so if you want to make money read all this report till the end.
Firstly, we have so strong support area and the prices gave us the buy signal let's take a look at the chart:

1. The rising wave after the Brexit on June 24 till the top on Dec 15, the pair has reached to 61.8%, and it's the golden correction percentage and expected the pair will rise from there.
the smaller rising wave from Feb 27 till March 13, the pair has reached to 161.8, the golden extension percentage.

2. The rising trend line from July 6 which the prices touched it 4 times before and rose, the prices have touched again this week and expected to rise again.

3. On the daily chart, yesterday candle is bullish engulfing candle which refers to the uptrend.

The Next Few Days

From this analysis on daily we can buy the pair now at 115.95 and keep our first target at 118.20 and the second one at 120.10 especially after we saw the RSI indicator give buy signal and rose to 37 level.
This week we don't have any hot news from the European Union or even from Japan but be careful from any unusual news can change the market direction.

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Earn more with the 120% Hot Bonus by SuperForex!

If you are an active trader on Forex and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.
In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.
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Get a 1000% bonus at your account
SuperForex invented a bonus that allows each trader to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.
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NZD/JPY: short market review and forecast

The NZD/JPY rates is in the frames of rapid downward trend. However, the new Zealand dollar had stopped falling and consolidated in the range 76,0 - 76,76 JPY. Yesterday it's been received important statistics related with 2 currencies. Economic statistics from New Zealand, positively impacted the NZD. The consumer price index grew in 2.2% year on year, exceeding forecasts. It is also the highest annual growth rate since 2011. For the 1st quarter of the year the index grew in 1%, slightly exceeding forecasted 0.8% level. At the moment, that was enough to stabilize the exchange rate of the NZD. In a week, the market expects new data about trade balance of New Zealand that may affect the value of the NZD.
On the other hand, the trade balance of Japan, already known, and taking into account seasonal fluctuations, amounted to only 0.17 T, although it was expected that this indicator will be 3 times more, and will be at 0.61. That's disappointed investors, although overall the economy of Japan is at good level. Volume of exports and imports grew, and exceeded predicted forecasted values. This also becomes the main growth factor of the Japanese economy in the future. Investors expect growth by 1% in 2017.
At this moment, the oscillators MACD, Stochastics, the RSI are neutral. It should be noted that since April 10, we can see formation of the flat trend, thought at the moment, it is early to say about ending of the downtrend. There're no enough preconditions for that. You should pay attention to the points of entry 76.75 and 76.2 JPY. At the moment, upon medium-term trading, it is recommended to open the short deals on the trend.

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Profi-STP Account

SuperForex has launched a special type of account for those who really want to tap into the full potential of Forex. This type of account is well-known to professional traders as STP-account.
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Please note that this account is not compatible with our Bonus program, i.e. you cannot apply for bonuses with this kind of account.

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NZD/USD: Short Review & Analysis
Today we would look at the development of the exchange rate between the New Zealand and the American dollars. Previously the pair moved within the 0.6860-6990 frame, but we saw the pair take a bullish turn as it broke above 0.7000 and it even reached the important level of 0.7100. The bullish influence continued in full heat and new heights were reached at the levels of 0.7250-0.7350, which serves as the pair’s sell zone.
The NZD/USD then finally returned to a bearish movement and dropped to 0.6960. This proved to be a weak support, as the pair tends to return to the border of the buy zone 0.6860, where we started. After touching this level the pair began climbing back up from 0.6960.
As the pair seems to be oscillating between these levels, we have opportunities to both buy and sell it at important intervals. Watch out for the pair dropping and also for it rising to 0.7100. This still provides a lot of resistance and the NZD/USD has struggled to overcome it. If it does success, it will likely go up to 0.7250.
At the moment of the publication of this article the pair has retreated to 0.6956 and most indicators agree that this is a strong sell.

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CAD/JPY: fundamental review and forecast

While the Euro has strengthened sharply against the Japanese yen, showing a giant price hike from 116.8 JPY up to 121 JPY based on results of the 1st round of elections in France, while the yen is losing positions against most currencies because it is under the pressure, mainly due to the tense situation on the Korean Peninsula, the canadian dollar failed to take the initiative and the rates CAD/JPY continues in the frames of downward trend. Though it's strengthened a bit yesterday.
At the moment, the Canadian dollar is under the pressure of many factors, firstly because of the falling in oil prices. The price for black gold fell again, and fell below the psychological point in $ 50. Forecasts here aren't good for the CAD because the United States continues to increase oil production, and President D. Trump supporting it and trying to make conditions for energy companies easier for developing oil extraction on the continental territory in the U.S. and on the shelf. Also, the canadian dollar decreasing in value because D. Trump continues to demand revision of trade relations with its neighbors and contradictions between Canada and the United States becomes more and more serious.
This week is full of important events, and the market will get a lot of macroeconomic statistics, which will affect the rates of CAD/JPY. Today, the market awaits important information about the volume of retail sales in Canada, conference of the President of the United States. Also, tomorrow we'll get the Report of the Bank of Japan about perspectives for Japanese economy, and on Friday we expect data about Canada's GDP, consumer price indices and volume of production in Japan. Therefore, this week, volatility may increase. Probably we can expect for further strengthening of JPY in the frames of current downtrend. The oscillators Stochastics and MACD unanimously indicate the good moment to open the deals to SELL, after the price correction, which occurred yesterday.

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SuperForex Mobile Applications

SuperForex recognizes that in order to be truly successful, sometimes you need to make close calls and think on your feet when you trade. In order to do this, you need to be able to find Forex-related information quickly and make lightning-fast trading decisions. What better way to achieve this than having a set of reliable tools for mobile trading? Now we offer a set of free mobile apps prepared exclusively for SuperForex customers that will allow you to take care of everything from your smartphone or tablet.

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SuperForex Trading Seminar in Selangor

On April 22, 2017 SuperForex held a special workshop dedicated to helping our traders from Selangor learn more about how to be successful on the Forex market.

This workshop was put together by Mr. Dan Imran, a Forex analyst and official SuperForex representative for the region. Imran is also known as the founder of Sky Nova Ventures, a project that provides training and education for Forex traders and partners in Indonesia.

The event was structured around a diverse field of ideas designed to improve the Forex knowledge of traders and lead them toward developing successful strategies for making a profit with SuperForex.

This type of gathering, which SuperForex is very interested in conducting regularly, is open to both professional and inexperienced traders alike. In our Selangor gathering there was something useful for everyone. At the event we discussed the most popular trading tools and strategies. We also talked about how to use and benefit from the Local Depositor and SuperForex Money services we offer.

Vladimir Syrov, CEO of SuperForex, took part in the event by answering all questions that our customers had in mind. Furthermore, he led a discussion on How to Be a Successful Trader with SuperForex.

Thank you to everyone who joined us for the event, we hope you learned a lot of useful tips!



Important: Our next such gathering will be held between 9:30 am and 5 pm on May 13 (Saturday) in the Sky Nova Training Center, Bandar Puncak Alam, Selangor. Sign up here:
Email: skynovaventures@gmail.com
Whatsapp/Phone: +6016-6344660
Telegram: @DanImran

Want to organize a similar event in your region? Please contact our Partnership Department with any questions and suggestions.





Here is our little photo report:

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OIL (CL/WTI): middle term review and forecast

Oil prices continue weakening but the rates are still in the frames of upward trend which began over a year ago. However, the trend is near the completion, and now on the daily chart, you can see signs of the flat trend formation, as the prices from November 2016, keep in the range of 47 - $ 54 per barrel. Support and resistance lines hadn't been broken for all the time. Uncreasing of the drilling rigs in the United States, 15 consecutive week, continue to adversely affect the price of oil. The price of oil reached a minimum level, which for 6 months has been achieved only 2 times.

On the market we can see uncertain situation: on the one hand, OPEC countries are going to continue the agreement “On the reduction of oil production”, and investors believe that it will be done at the next meeting, may 25. On the other hand, the USA abolishes all these efforts with their growth of oil production. Increasing of oil demand will unlikely resolve the issue with the overabundance of oil on the market. Amid this, long-term forecasts of some analysts, in particular experts from Citigroup (NYCE:C) about further increasing the price of oil to $ 65 in the second half of the year, does not seem probable cause oil prices are constantly under the pressure from a number of factors. This week it was the recovery of oil production in Libya, the recession of business activity in China and mentioned before, constant increasing in drilling rigs in the United States. Factors that could unambiguously support the price of oil are not enough, but the situation may change at the end of the month on the results of the OPEC meeting.

At this moment, the entry point to the market we can call the levels of 47.4 and 48.2. The most optimal for the moment we can determine the deals to BUY which can be effective to get the profit on the price correction. MACD, RSI, oscillators partially confirm this. It is most likely that after reaching a new minimum level, the price will move up. Soon investors will focus on the next OPEC meeting, and news from countries-participants of the Agreement “On the reduction of oil production”. It can slightly enhance the price of black gold in the short term.

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