Get started

Forex-trade

We continue to declineAt the moment, we observe that the pair is updating the annual lows against the backdrop of a stronger reserve currency and the pair has overcome the previously formed support level. Our technical indicators point to sales and the MACD shows a strong divergence between the MA’s, which may indicate a strong downward momentum. The next psychological level for traders will be the mark of 1.12, which should be the next level of support for our pair. Therefore, we advise you to look for points for entering short positions and consider your goals at the 1.12 and 1.1160 levels.
Short
by SuperForex
EURGBP FORECASTEURGBP is looking ripe for a correction from its recent upwards run. MACD is signalling bearish divergence as price now sits near support. We expect price to bounce off initially, retesting local resistance. If we see prices get rejected at resistance, expect a sharp decline down to the next support level. Alternatively, price could breakout on either side, targeting the next set of levels shown on the chart. However, we see a bearish bias this week. Trade idea: Short @ ~0.9020 TP 1: 0.8935 2: 0.8945 SL: 0.9039
Short
by Elemont
We expect the level to breakOur pair again reflected from the level of 1.3150, after which it headed down. Our technical indicators show the sale. To date, we expect the FOMC statement and the publication of the Fed's interest rate decision. We can assume that until this point the dollar will continue to strengthen against the pound. We expect that the pair will test the level of 1.3080 and in case of breaking, the pair may continue the downward movement to the level of 1.3010. Therefore, we advise you to look for points to enter short positions.
Short
by SuperForex
Looking for levelsOur pair has good growth potential, but there are some aspects to consider. We expect the continuation of the ascending movement. Our technical indicators also indicate a purchase. In the medium term, we can expect the price to pass to the level of 1.2, but the next level that must be overcome is the 1.1850 level and only if the pair is fixed above this level, we can say that the upward movement will continue. We recommend you to take long positions and set TP closer to 1.1850
Long
by SuperForex