wrapper


News Feed

Groups (0)
No groups yet
My Favorite Brokers
No entries were found
My Broker Reviews
No entries were found

Recent updates

Pinned Items
Recent Activities
  • 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...
    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.
    https://superforex.com/additionalimages/22-09-2017/german-elections-20174.jpg
    More
    1. View Post
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • 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...
    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
    https://superforex.com/additionalimages/21-09-2017/eur-gbp-technical-analysis-0.jpg
    More
    1. View Post
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • 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...
    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
    http://www.imghost.in/img/2017-09/20/u0n3bdmk60i8fkic2mlsk570c.jpg
    More
    1. View Post
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • GBP/JPY Technical Analysis before BoJ Policy Rate

    The GBP/JPY rally will continue after retesting the broken level.
    The GBP/JPY rally hasn’t finished yet. The pair recorded its highest prices...
    GBP/JPY Technical Analysis before BoJ Policy Rate

    The GBP/JPY rally will continue after retesting the broken level.
    The GBP/JPY rally hasn’t finished yet. The pair recorded its highest prices in more than 14 months after the Brexit vote on June 23 last year. The pair had a strong resistance area at 147.93, which it tried to break three times before and failed in December, May and last July, but this month is different because the pair broke it up last Friday.
    The pair is now trading at 150.65, above the support area and the trend line. Last month the pair broke the trend line down but it found the support area which we mentioned before and failed to break it, then we noticed rising bottoms before coming back to trade above the line. Yesterday the pair moved up and down and then closed its candle a little bit below the opening price, so prices could visit the broken area 147.95-148.25 again to retest it and then will go up.
    The Next Few Days
    The next few days we won’t think about selling the GBP/JPY pair, only buy it. The prices are now in the middle between support and resistance areas, so we can take a buy order now with a small lot and take another buy order when it retests the broken area around 148.00 or the trend line or the moving average 50, keeping our targets at 152.80.
    This week the markets don’t offer much hot news from the UK, except for the retail sales data tomorrow. We also have something important on Thursday this week - the Bank of Japan’s decision about the policy rate, which is expected no change at -0.10%.
    https://superforex.com/additionalimages/19-09-2017/gbp-jpy-technical-analysis-before-boj-policy-rate-0.png
    More
    1. View Post
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • GBP/CAD Technical Outlook after the Channel Breaking Out

    The GBP/CAD is ahead of 1.6611 and 1.6850 after breaking the channel.
    In our recent report about the GBP/CAD currency pair we...
    GBP/CAD Technical Outlook after the Channel Breaking Out

    The GBP/CAD is ahead of 1.6611 and 1.6850 after breaking the channel.
    In our recent report about the GBP/CAD currency pair we recommended selling the pair and the prices already hit our first target at 1.5927 to make a profit of +220 pips, then the pair returned back to break the price channel and the resistance level last Thursday.
    The price channel which we were trading inside was strong because it has 5 tops and 4 bottoms, so when the prices broke upwards from it, the pair rose more on Friday to trade now around 1.6525. The prices recorded the highest level on Friday at 1.6574, close to the resistance level at 1.6611. We expect the price to reach the resistance and make new highs but we have to be careful in case the pair makes a price action pattern on the resistance area. The MACD indicator gave us the buy signal last week.
    The Next Few Days
    After we saw the prices break up the price channel we should only think of buy orders, as there are no sell opportunities anymore in these levels. We can take a buy position now at the current level 1.6523 and keep our first target at 50% Fibonacci at 1.6850, and the second one at 1.7050. We can take another buy order if the pair declined to the moving average 50 on the daily chart.
    Bank of England governor Carney will speak today at the Central Banking Lecture hosted by the International Monetary Fund in Washington, DC and we have the retail sales from the UK on Wednesday, in addition to the CPI and retail sales from Canada on Friday, so we have to be careful due to the news this week.


    https://superforex.com/additionalimages/18-09-2017/gbp-cad-technical-outlook-after-the-channel-breaking-out-0.png
    More
    1. View Post
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
There are no activities here yet
Unable to load tooltip content.

About Us

Forex Forum Asia is the premier Asian-based forum on retail foreign exchange (Forex) trading. The community has more than 11,000 members from Asia. The website serves its special interest network including media partnerships with event organizers, online discussion forums, social network, copy trading, provide economic report data, trading blogs and broker informational data. We strive to connect our members with services and brands that are useful and relevant.

english simplified chinese german japanese indonesian arabic filipino
french italian korean russian malay spanish thai

Recent Registered Users

Subscribe to our updates!

  • Stay up-to-date with forexforum.asia
  • Receive invite to participating local and overseas events
  • Receive promotions from our participating partners
  • Opt-in or opt-out anytime, you decide
captcha