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Thread: Weekly FX forecast from NordFX

  1. #161
    Stan NordFX is offline Junior Member
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 23 - 27, 2017

    First, a review of last week’s forecast:

    - Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded. Recall that there was a complete discord both among experts and among indicators: some were looking to the north, some south, and some were simply shrugging shoulders, unable to predict anything. The pair seemed to feel it: it first went down, then up, then down again ... As a result, it did not opt for either direction, and finished the five-day period near 1.1780, the Pivot level, around which it has been gravitating for four weeks;

    - Speaking about the future of the GBP/USD, 55% of analysts, along with graphic analysis on D1, sided with the bears, forecasting that the pair would fall to the support at 1.3150, and, in the event of a breakdown, 110 points lower. This is what happened: starting on Monday, the pair began to lose point after point, reaching the level of 1.3150 on Wednesday. Then it made several attempts to break through this level, and managed to reach the1.3085 mark on Friday. However, the forces of the bears dried up, and by the end of the five-day period the bulls managed to win 100 points, thereby rising to 1.3185;

    - USD/JPY. The forecast for this pair also turned out to be absolutely correct. Supported by the oscillators, the experts agreed that this pair was on the way to the upper boundary of the mid-term lateral channel 108.00-114.50, and that one should expect an upwards spurt. This ended up being just under 200 points; as a result, the pair fixed a weekly maximum at the height of 113.56, failing to reach the final goal by approximately a meager 100 points;

    - USD/CHF. Here the bulls were granted a slight advantage only by the readings of graphical analysis on H4, according to whom the pair’s target was the zone 0.9800-0.9835. As for the analysts, only 25% of them voted for the growth of the pair. But it was to these voices that we had to listen, as the pair added about 100 points during the week, completing the weekly session in the zone of 0.9840.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - EUR/USD. It is worth noting that the expert community has been unable to form a clear opinion on the behavior of this pair for two weeks now. Despite the decision of the US Senate to approve the draft budget for 2018 and allow the implementation of Trump's tax reform, only 50% of analysts voted for the strengthening of the dollar. According to their opponents, even if the dollar goes further up, this growth will be short-lived.
    Following the analysts, oscillators and trend indicators on D1 either disagree or simply take a neutral position. And it is only on H4 that they point to a downtrend. As for the graphical analysis, it draws a lateral channel in the range 1.1665-1.1925. The following support is in zone 1.1575.
    It should be noted that when moving to the medium-term forecast, the picture changes dramatically, and about 80% of the experts vote for the growth of the pair to the area of 1.2000-1.2100;

    - The outlook for GBP/USD is negative. This is the viewpoint that most (55%) analysts still adhere to. The nearest support is in the 1.3000 zone. In addition to experts, 70% of trend indicators and graphical analysis on D1 side with the bears.
    As for the bulls, they are supported by the remaining 45% of experts, according to whom the pair may once again try to test the October maximum in the 1.3335 zone;

    - Like last week, USD/JPY is once again facing a green light. 65% of analysts, 100% of trend indicators and 75% of oscillators on H4 and D1 believe that the growth of the pair to the upper boundary of the medium-term channel of 108.00-114.50 will be continued. We must not forget, however, that certain corrections are possible along this path. This is what the remaining 25% of the oscillators signal about when indicating that the pair is overbought. And, as practice shows, such signals are often enough to make the pair to descend for a short while. The nearest support is in the 112.00-112.30 vicinity, with the next one being 111.65;

    - Finally, the last pair of our review: USD/CHF. A quarter of the oscillators on H4 and D1 indicate that this pair is overbought, with 65% of experts looking southwards. Moreover, when moving from the weekly forecast to the monthly one, their number increases to almost 85%. All of them expect the pair to fall first to the horizon of 0.9700, and then by yet another 100 points.
    The bull supporters that remain, backed by graphical analysis of H4, believe that the potential for growth of this pair has not yet dried up and it has a chance to rise to 0.9900, or, perhaps, even higher to the landmark level of 1.0000. However, here much will depend on the EUR/USD pair, whose behavior USD/CHF often mirrors.

    Roman Butko, NordFX

    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals_forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  2. #162
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 30 - November 3, 2017


    First, a review of last week’s forecast:

    - As the opinions of analysts were split 50/ 50, we had decided not to give a clear forecast for EUR/USD for the second week in a row. In terms of what happened, despite the bulls having an advantage at the beginning of the week, the bears eventually won. The House of Representatives of the US Congress was on their side this time, allowing the Senate to approve Trump's tax reform by a simple majority. But that's not all: on Thursday, 26 October, the dollar experienced a surge of support from the ECB, which decided to extend the QE quantitative easing program and continue buying bonds until the end of September 2018. All this hit the European currency so strongly, that it lost about 250 points against the dollar in two days.
    It would be difficult to suspect that graphical analysis had been aware of the plans of the US Congress and the ECB. It was, nevertheless, graphical analysis that managed to predict the maximum level of the Euro fall,1.1575, with 100% accuracy. As a result, the pair completed the three-month "head-shoulders" figure and froze around the mark of 1.1605;

    - GBP/USD. Here the supporters of the bears had a slight advantage: 55% versus 45%. They also won with just a small advantage. During the entire week, the pair was either falling or rising; in the end, it completed the five-day period 70 points lower than it had started;

    - The forecast for USD/JPY also turned out to be correct. Despite having difficulty overcoming resistance from its adversary, it nevertheless managed to reach the required point: the upper boundary of the mid-term side channel 108.00-114.50. To be precise, the pair took the height of 114.45, after which a predictable rebound followed, which saw it return to the Pivot Point of the week at the level of 113.70 by the end of Friday;

    - One of the scenarios for USD/CHF voiced last week had the pair to rise to a landmark level of 1.0000. And, even though it was supported by just a minority of experts, it turned out to be the correct one. As predicted, the pair was strongly influenced by the behavior of the EUR/USD. Mirroring which, it rose by 200 points.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - EUR/USD. Experts are once again split equally, being in this position for three weeks now. As for the trend indicators, 90% of them look southward. The picture is quite different among oscillators, almost half of them giving signals that this pair is oversold. Graphical analysis on D1 joins them, according to its readings, the pair expects to return to the October highs in the zone 1.1835-1.1880, and then the rise to September peaks at the level of 1.2000-1.2100. It should be noted that in the medium term, about 70% of analysts vote for the return of the pair to the range 1.1800-1.2100.
    As for the upcoming week, among the events that can significantly determine trends is the release of the latest data on the labor market in the United States on Friday, 3 November. The data includes the very important NFP indicator - the number of new jobs created outside the agricultural sector. Last month it had a negative value of minus 33K. Should the NFP increase to 270-300K as expected, the dollar will be strongly boosted. It should be noted that large market participants often make plays on such news in advance, already a few days before their official announcement.
    Of course, one should also add to this that, by the end of next week, the next Fed head may be revealed. In the meantime, it is evident that Janet Yellen and Kevin Warsh have been eliminated from the competition;

    - The forecast for GBP/USD is still mostly negative. This is the view most (60%) of analysts, graphical analysis and 90% of indicators on H4 and D1 adhere to. However, when switching to a larger timeframe (W1), the picture changes, giving cause to speak about a lateral trend with support on the area of 1.3000-1.3020. The next support is 100 points lower. Resistance is at the levels of 1.3225 and 1.3285. The ultimate goal in case of growth is 1.3335.
    Thursday, 2 November will be important for the British pound, as a large amount of news from the Bank of England is expected. According to forecasts, the number of votes for raising the interest rate may triple; the rate itself may probably be raised from 0.25% to 0.50%;

    - To switch to sports terminology, the odds of the growth of USD/JPY are estimated as 2 to 1. More than 65% of experts believe that, with a base at the support at 113.25, it will once again try to test the upper boundary of the medium-term side channel 108.00-114.50. Graphical analysis on H4 agrees with this.
    As for the alternative point of view, its supporters believe that the potential for growth of the pair has already dried up and it will take a breather, dropping for a while into the zone 112.25-113.25;

    - And, finally, the USD/CHF. Here, 75% of analysts, with full support of technical analysis, say that the pair will certainly try to gain a foothold above the level of 1.0000. The ultimate target is 1.0100. However, if the dollar starts to lose its positioning against the euro, it will with overwhelming probability also weaken with respect to the Swiss franc, as a result of which the pair may fall into the zone of 0.9750-0.9800.

    Roman Butko, NordFX


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  3. #163
    Stan NordFX is offline Junior Member
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    Forex Forecast for EURUSD for the end of 2017 and for 2018

    According to statistics, more than 85% of transactions in financial markets are made with the participation of the US dollar, and about 30%, with the participation of the Euro. So, what do experts expect from the EUR/USD at the end of 2017 and in 2018?


    What the Bulls Say

    To begin with, of the 80 banks that submitted their forecasts for this pair in June, only 23 predicted its growth to $ 1.15 by the end of this year. And only a few believed that it could reach $ 1.18.

    Among the most accurate were the analysts of DZ Bank AG - Germany's second-largest bank, but they did not expect that already in early September, EUR/USD would come close to the height of 1.21.

    In total, since December 2016, the pair has added about 17%. Then, however, it went down to 1.16 following the ECB decisions on QE program, but this does not mean a final break in the uptrend. As analysts in DZ Bank AG believe, the Euro has a growth potential until the summer of 2018.


    "The growth of the Euro has surpassed many expectations," said John Gordon, a leading analyst at NordFX brokerage company. - For example, the strategy of the Canadian Imperial Bank of Commerce, generally adhering to the bullish forecast, expected that by the end of this year the pair would trade in the $ 1.14 zone, and the mark of $ 1.18 euro would be reached only by the end of 2018. The Bank of America Merill Lynch forecast looked like this: the end of 2017 - 1.15, the end of 2018 - 1.19.

    Even more modest forecast has been given by Rand Merchant Bank in summer, it expected the rate to be at the level of $ 1.12 by the middle of next year. About the same growth - up to $ 1.13 was mentioned by Bloomberg in its study as well.

    "Now, probably, many will have to reconsider their forecasts, - the NordFX analyst continues. - This is due, in the first place, to the fact that the banking strategists overestimated the centrifugal aspirations in Europe. Political risks here gradually come to naught. Negotiations on Brexit, elections in France and Germany, showed that, despite multiple negative factors, including events in Catalonia, the Eurozone is not threatened by the rapid collapse. On the other hand, the recovery of the European economy is gaining momentum and business activity indices are at long-term highs."


    As for the Dollar, it could not strengthen against the Euro and other major competitors in the outgoing year. "We are not tired of repeating that the Fed is no longer a "magic wand" for the dollar, which can strengthen the exchange rate, - say in DZ Bank AG. - The actions of the Fed in general are expected, which means that the "American" has nowhere to draw any strength from. The ECB, on the contrary, is full of surprises."

    The dynamics of the US economy in 2017 was weaker than predicted. And this, as noted in HSBC, coupled with the absence of real reforms, announced by Donald Trump, caused an outflow of speculative capital in favor of the Euro.


    So, what do the most optimistic forecasts look like as of today?

    According to analysts of the Dutch Rabobank, the Euro against the Dollar is now undervalued by about 11%, and, therefore, by mid-2018, the pair EUR/USD may rise to the level of 1.25.

    BNP Paribas experts expect more complex dynamics. According to their forecast, before growing by the IV quarter of 2018, to $ 1.23, in the I quarter, the pair should fall to $ 1.15.

    But in Societe Generale, they believe that first the Euro will grow to $ 1.20, and only then it will go down.


    Bearish fears

    "It would be wrong to say that everyone is optimistic about the Euro in the financial world," says John Gordon of NordFX. "Eurosceptics also have strong positions."

    Among the main challenges facing the EU is the problem of refugees and illegal migrants from North Africa and the Middle East.


    Another problem is the serious economic imbalance that arose because the Euro is not tied to one particular country. As a result, some of the countries of the Eurozone, whose economy is based mostly on agriculture, light industry and tourism, are experiencing financial difficulties. But countries with developed machine building received a major benefit from averaging the rate of the single currency.

    The largest beneficiary is Germany. The head of the US National Trade Council, Peter Navarro, even said that the current Euro is a disguised Deutsche mark. To which the head of the European Commission Jean-Claude Juncker replied no less starkly, announcing that he would support any state that would have decided to withdraw from the USA.

    Of course, these are just words, but a major trade conflict between the Old and New World is not out of the question, which can also pull the Euro down.


    In addition, one can expect one more move from Americans, which can sharply raise the dollar. It follows from the plan published by the US Treasury that in the fourth quarter of this year the US budget plans to increase the national debt and attract a record amount with the help of government bonds - about half a trillion dollars.

    Withdrawing such a huge volume of dollar liquidity from the market may increase the demand for this currency from such major banks as Citigroup, Goldman Sachs & Co., Morgan Stanley, Deutsche Bank, etc., which, naturally, will lead to the growth of the dollar.


    "Of course, if all the bearish forecasts, starting from trade disagreements with the United States and ending with the continuing intra-European risks, come true," says the NordFX analyst, "the EUR/USD may again head South as it did before. If you remember, back in January, the probability that the Euro and Dollar would come to parity was very high. All waited for the rate $ 1.00. But the apocalyptic predictions regarding the complete collapse of the European Union did not come true, and, having turned around at the mark 1.034, the pair once again went up."


    If you try to summarize the opinions of experts from leading banks, by the end of this year the pair is likely to move in the side channel 1.150-1.210. But in the event that, thanks to the actions of the Treasury and the US Fed, the Dollar still goes up, the next strong support for the pair will be the level of $ 1.110.


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  4. #164
    Stan NordFX is offline Junior Member
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    NordFX is Recognized as the Most Reliable Broker of the Year Yet Again


    Exactly one year ago our company was declared the winner for 2016 in the ‘The Most Reliable Broker’ category according to TheForeXAwards.com. This year, we were once again named ‘The Most Reliable Broker’ at the ShowFx World finance conference, which was held in Singapore in late October, this time for 2017.

    Many leading specialists in the field of trading and investments attended this landmark event as guests. We are sincerely grateful to the Forex community for yet again honoring us with this noteworthy award.

    Reliability is more than just one of many criteria for evaluating the work of a broker. It represents the face of a company in which traders entrust not only money, but also their hopes for a better future. That is why the protection and safety of our clients' funds has always been and will always remain the top priority at NordFX.

  5. #165
    Stan NordFX is offline Junior Member
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 13 - 17, 2017


    First, a review of last week’s forecast:

    - Just this summer, strategists of many large international banks had designated the 2015 and 2016 highs in the zone 1.15-1.16 as momentous for EUR/USD. The past two weeks of November confirmed this: this entire time the pair has been moving east along the horizon 1.1600, and its main fluctuations, aside from rare inconsistencies, were within the boundaries of 1.1575-1.1660. It was in this upper border of the side corridor that the pair completed the weekly session;

    - GBP/USD. This pair has been in a horizontal trend within 1.3035-1.3320 for more than a month. As for this past week, it saw the bulls try to win back losses of the first days of November. However, pushing away from the lower border of the channel, they were able to rise only slightly higher than its Pivot Point, finishing close to the level of 1.3200;

    - USD/JPY did not bring any surprises. As expected, it once again tried to test the upper boundary of the mid-term lateral channel 108.00-114.50. And, as expected, after having failed, it took a breather and sank to the support of 113.00, drawing out a textbook descending channel on the chart;

    - Recall that two weeks ago, 75% of analysts, with full support of technical analysis, said that USD/CHF would certainly try to gain a foothold above 1.0000. This scenario turned out to be 100% true. However, without the support of EUR/USD, the forward momentum of the pair dried up: never reaching the final target of 1.0100, it moved to a lateral movement, ending the five-day period at 0.9960.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - EUR/USD. An overwhelming majority of experts (65%) vote for the growth of this pair, albeit a small one. In their opinion, having beaten off from strong support / resistance level 1.1665, the pair should go up: first to 1.1725, and then another 100 points higher. Both graphical analysis and about 70% of indicators on H4 agree with this scenario. However, when switching to the D1 timeframe, the picture changes to the opposite - here most of the indicators predict the pair's fall to 1.1555. The following support is in the 1.1475 zone;

    - The outlook for GBP/USD is negative: over 60% of analysts and graphical analysis on D1 think so. The nearest support is at 1.3035, and in case of its breakthrough – at 1.2870. An alternative point of view is expressed by 15% of experts and by indicators on D1, but even here a quarter of the oscillators signal the pair is overbought. As for the remaining 25% of analysts, in their opinion, the pair will continue to move in the lateral channel 1.3035-1.3320;

    - The forecast for the USD/JPY fluctuates between neutral and negative. 70% of experts and about a half of trend indicators and oscillators vote for a downtrend. 40% of the indicators have taken a neutral position, while only 10% of them light up green. Nevertheless, 30% of analysts side with the bulls. The targets remain the same as previously. For the bulls, it is to try to gain a foothold above the upper boundary of the mid-term side channel, which is 114.50. For the bears, it is to return to the Pivot Point of this channel in the 111.70 zone;

    - USD/CHF. As often happens, the forecast for this pair mirrors the forecast for the EUR/USD, with this case being no exception. 65% of experts with the support of indicators on H4 predict the pair will fall to support 0.9860. The remaining 35% of analysts disagree with this: according to them the pair will rush again to storm the height of 1.0100 from the very start of the week. As for graphical analysis, it offers an alternative opinion on D1: an initial descent to the level of 0.9860, followed by a rise to 1.0100, and then by lateral movement in this channel.

    Roman Butko, NordFX


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  6. #166
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 20 - 24, 2017


    First, a review of last week’s forecast:

    - Recall that, when giving the forecast for the EUR/USD, the overwhelming majority of experts (65%) supported the growth of this pair. In their opinion, having beaten off strong support/resistance level 1.1665, the pair should go up - first to the height of 1.1725, and then another 100 points higher.
    This is exactly what happened - on Monday and part of Tuesday the pair moved in the side corridor along the horizon 1.1665, and then, rushing upwards, on Wednesday it reached the height of 1.1860. The reason for such a rapid spurt was the statistics of the Eurozone, whose GDP has been growing for the fifth consecutive month. In addition, the index of economic sentiment from ZEW was better than expected - 30.9 against 29.3.
    Then the pair sharply turned to the south, which again was caused by the positive statistics, which this time came from the United States. Data on inflation and the consumer market supported the dollar, and it was able to win back about 70 points from the euro and completed the week in zone 1.1790;

    - GBP/USD. More than 60% of analysts gave a negative forecast for this pair, naming horizon 1.3035 as support. The pair really immediately rushed down, however, not reaching the goal of some 25 points, changed the trend to ascendant and on Friday, it almost touched the mark 1.3260. Then, here again, the dollar managed to win back several tens of points, and the pair returned to the marks of the beginning of the week at 1.3200;

    - 70% of experts and about half of the trend indicators and oscillators voted for the downtrend for the USD/JPY. Pivot Point of the mid-term side channel 108.00-114.50 in the area of 111.70 was named as target. Considering that in reality Pivot Point is not a line, but a corridor of a certain range, we can assume that this forecast came true all 100%, the pair went to the south about 175 points and reached the local bottom at the level of 111.95 during the week;

    - The forecast was correct for the USD/CHF as well. As predicted by 65% of experts, supported by indicators on H4, by mid-week the pair fell to the level of 0.9845, after which the rebound up by 100 points followed.
    It should be noted that such a fracture had been calculated quite precisely by graphical analysis, which had indicated first the fall of the pair to the level of 0.9860, and then its rise.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - EUR/USD. It is quite difficult to determine the weekly trend for this pair this time, since exactly a half of the experts vote for its fall, and the second half are for its growth. In this regard, most promising is the forecast, which is given by graphical analysis. According to its readings on H4, the pair will move in the side corridor in the range from 1.1700 to 1.1860 for a while. At this, first the pair is expected to go down to the lower border of the given channel, and then to bounce up.
    Graphical analysis on D1 draws a wider range of oscillations - reduction to support 1.1600, and subsequent retreat to the height of 1.2050.
    It should also be noted that throughout the coming week, data on the state of both the European economy and the economies of the United States, Japan, Germany and Switzerland will be published. However, volatility in the market is likely to be caused by the ECB head M. Draghi's speeches on Monday, November 20 and the Fed Chair J. Yellen on Wednesday, November 22, as well as the hearing of the inflation report in the UK, the ECB's monetary policy meeting and the publication of the minutes of the meeting of the Board of Governors of the US Federal Reserve;

    - it seems that the GBP/USD will continue to move in a fairly wide medium-range lateral channel, which began in late September - early October this year. The lower boundary of the channel is 1.3035, the upper boundary is 1.3320. 40% of experts, supported by almost 90% of indicators and graphical analysis on D1, believe that the pair, in an attempt to break the upper limit, will move to the north. However, most analysts (60%) tend to believe that it will stay for a while in the central zone of the channel, moving west in the range of 1.3100-1.3235;

    - The USD/JPY also continues to fluctuate within the channel 108.00-114.50. At the same time, 75% of experts believe that in the coming days it will once again test the support in the Pivot Point zone of this channel 111.70. 60% of analysts are sure that it will not be able to overcome it, and it will once again rush to the height of 114.50.
    Indicators also support such a scenario. At the moment, 90% of them are painted red, with a quarter of the oscillators pointing the pair is oversold, which is a fairly accurate signal for the trend to reverse;

    - USD/CHF. 60% of experts and 75% of indicators point to the south, the nearest target is 0.9800, the next - 0.9715. An alternative point of view is represented by 40% of analysts and graphical analysis on D1, according to which the bulls have not yet fully exhausted their potential, and the pair is expected to grow, at least, to mark 1.0100. The nearest resistance is 0.9940, which, after the breakdown, will become the main support.

    Roman Butko, NordFX


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  7. #167
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 27 November - 1 December 2017


    To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:

    - Regarding EUR/USD, we named the forecast based on graphical analysis as the most promising one last week. Our decision was not a mistaken one. Recall that, according to readings on H4, the pair was expected to spend some time moving in the side corridor in the 1.1700 to 1.1860 range. After hitting the lower border of this channel, it was expected to sharply rise. This is exactly what happened: having designated a local minimum at the level of 1.1712 and being propelled by Trump's decision regarding North Korea and news from the US Federal Reserve, the pair started heading north on 21 November. It reached its maximum at 1.1943 by the end of the week;

    - Giving a forecast for GBP/USD, 60% of analysts were inclined to believe that it would linger for some time in the central zone of the medium-term side channel, which began in late September - early October. As for the remaining 40% of experts, supported by almost 90% of the indicators, they expected the pair to leave this zone and go to the upper border of the channel.
    This scenario was implemented with 100% accuracy: until the middle of the week, the pair had struggled to stay close to the center of the medium-term corridor, using its Pivot Point as support, and then rushed up, reaching the October maximum at 1.3338 on Friday;

    - USD/JPY. Most experts (75%), supported by an absolute majority of indicators (90%), stated that the pair would necessarily test the support in the Pivot Point area of the medium-term 108.00-114.50 side channel. This forecast was also fully correct. Having broken through the level of 111.70, the pair found the week’s minimum at 111.05, after which it fought back up, meeting the weekend in the zone 111.50;

    - The forecast for USD/CHF was correct as well. 0.9940 was indicated as the nearest resistance. As predicted by 60% of experts and 75% of indicators, the pair rebounded from this level and went south. 0.9800 was identified as a target, and the pair froze near it by the end of the week.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - 65% of experts predict further weakening of the dollar and the growth of EUR/USD to at least 1.2000. The next resistance levels are 1.2045 and 1.2090, which were the August peaks. Both graphical analysis and 100% of trend indicators agree with this forecast. As for the oscillators, almost a third signal that the pair is overbought. 35% of analysts are talking about a possible downwards correction: according to them, the pair may fall to the support at 1.1855, and in the event of its breakthrough, to the 1.1800 area;

    - 70% of experts, graphical analysis on D1 and 100% of indicators agree that the dollar will continue to fall relative to the British pound as well. In their view, the upward trend of the GBP/USD that began in January 2017 will continue, and the pair will rush to the September high in the 1.3650 zone. The nearest resistance is 113.25.
    An alternative forecast, supported by 30% of analysts, suggests that, having reached the upper boundary of the "autumn" medium-term channel of 1.3035-1.3335, the pair should return to its Pivot Point at 1.3200;

    - The dollar’s weakening, according to 70% of experts, will also concern the USD/JPY. The pair’s target is in the 110.00-110.50 area. However, in the medium term the picture changes: here 65% of analysts vote for the pair's rise to 112.00-113.45, and then to 114.45. Graphical analysis and several oscillators on D1 also testify in favor of such a development;

    - Southwards and only southwards: this is what 70% experts, graphical analysis on D1, 100% of trend indicators, as well as 80% of oscillators on H4 and D1 suggest. The support levels are 0.9750, 0.9675 and 0.9560.
    As for graphical analysis, it joins 20% of oscillators in indicating that before falling, the pair may temporarily rise to 0.9865.
    Finally, 30% analysts strongly disagree with the bears' supporters: according to them, the pair is expected to return to 1.0000 in the near future.


    Roman Butko, NordFX


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  8. #168
    Stan NordFX is offline Junior Member
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for December 04 - 08, 2017


    To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:

    - As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD. At the beginning of the week, it seemed to have gone north, continuing the main trend of November, but the bulls' strength quickly dried up, and soon the pair retreated to where one third of analysts and oscillators had indicated - to the local bottom in zone 1.1800. However, while the pair was falling, the bulls regained their forces and by the end of the week they managed to bring it back to the level of 1.1900 - practically to the same place where the pair started on Monday;

    - When giving forecast for the GBP/USD, 70% of experts, graphical analysis on D1 and all indicators had agreed that the upward trend of the pair, which started in January 2017, would continue, and it would rush to the September high in the zone 1.3650. The level of 1.3450 was named as the nearest resistance.
    It is common knowledge that the truth is in the middle. So, it happened this time too - the maximum peak that the pair could conquer was the height of 1.3550, after which the forward impulse of the pair came to naught, and it completed the week at 1.3470;

    - USD/JPY. The forecast for this pair assumed it would go down to the zone of 110.00-110.50 with the subsequent rise to the zone 112.00-113.45. This is what happened, with minor amendments. First, the pair dropped to the level of 110.83, and then, having turned around, it went up, rising to the height of 112.87. Afterwards, a powerful leap down 140 points followed, then up 80, and the finish was at 112.20;

    - The basic forecast was accurate for the USD/CHF too. «Southwards and only to the south,"- claimed 70% of experts, graphical analysis on D1, 100% trend indicators and 80% of oscillators. The support was 0.9750. At the same time, graphical analysis on H4 together with the remaining 20% of oscillators warned that before going down, the pair could temporarily rise to the level of 0.9865.
    The fairness of this forecast is clearly visible on the pair's chart - a smooth slow rise to the height of 0.9880, then a throw to the south to horizon 0.9733 and the week finished almost where expected, at 0.9760.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - Exactly like last week, 65% experts predict a further weakening of the dollar and the growth of the EUR/USD at least to 1.2000. The following resistance levels are 1.2045 and 1.2090, the August maximum. Both graphical analysis and 95% of indicators agree with this forecast. But as for the medium-term forecast, the number of bulls' supporters is reduced to 35%, and the balance bows to the bears' side. According to the latter, starting from August, the pair is in a sideways trend in the range of 1.1575-1.2090, and therefore, having reached the upper border of this channel, it should turn around and rush to its Pivot Point in zone 1.1835.
    At the same time, when opening positions on EUR/USD, it is necessary to take into account events that may affect the trend change or increase the volatility of this pair. Among the main events are the ECB meeting on Wednesday 6 December, publication of data on Eurozone GDP on Thursday and Friday publication of data on the US employment;

    - The dollar is expected to weaken against the British pound as well. Thus, in the opinion of 60% of experts, graphical analysis on H4 and D1, as well as about 90% of indicators, the goal of the GBPUSD is a maximum of September 20 at 1.3650. The nearest resistance is 1.3600.
    In case the trend reverses right now, the strongest support will be located at the levels 1.3325, 1.3265 and 1.3050. It is necessary to note here that the pair has been moving in the side corridor 1.3050-1.3325 for nearly two months and it was only last week that it managed to break through its upper border. Therefore, the desire of the bears to return it to this framework is strong enough, and they are ready to implement it at the first opportunity. Almost 70% of analysts do not rule out such a scenario in the medium term;

    - If you try to give any forecast for the USD/JPY using indicators, you won't be able to do so. Some of them are painted in green, some in red, and some in neutral gray, both on H4, and on D1, And, this concerns both trend indicators and oscillators.
    Among experts, there is a slight advantage (60% versus 40%) of those siding with the bulls, in their opinion the pair will once again try to rise to the level of 113.30-114.00, which is confirmed by graphical analysis on H4 as well. However, if we look at the D1 chart, the pair's desire to re-test the Pivot Point of the medium-term side channel 108.00-114.50 in the area of 111.70, becomes evident. If this line is broken through successfully, the pair will rush again to its lower boundary. This is exactly what we could observe in the period from March 22 to April 11, from May 17 to June 6 and from July 20 to July 31 this year;

    - USD/CHF. 45% of experts believe that having reached a strong support/resistance level of 0.9760, the pair will break up and go to resistance 0.9845, and, in case of its breakthrough, and another 100 points higher. Graphical analysis on H4 and D1 as well as a quarter of the oscillators indicating that the pair is oversold, vote for this development as well.
    Speaking about the movement of the pair to the north, it should also be noted that in the medium term, the number of supporters of its growth to the level of 1.0100 increases to 65%. At the same time, the bears who predict a decline of the pair to the 0.9700 level, prevail among analysts (55%).


    Roman Butko, NordFX


    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  9. #169
    Stan NordFX is offline Junior Member
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    A Revolution In Cryptocurrency Trading – A Leverage 1:1000

    Ever since December 2017, NordFX clients are enjoying the ability to trade the most popular cryptocurrencies—Bitcoin, Litecoin and Ethereum—using a 1:1000 leverage ratio.
    This ratio is 10 times the market average, and enables clients to achieve a colossal profit with just a tiny amount of starting capital.
    In the 11 months of this year the US dollar value of Ethereum has multiplied by 40, that of Litecoin by 20 and that of Bitcoin by 10. Thus, having bought 1 Ethereum for USD 11 in January and having sold it now for USD 440 would have resulted in a USD 429 profit. If, however, the same trade was conducted with a 1:1000 leverage ratio, USD 11 would have been enough to purchase not just 1, but 1000 of these coins.

    Cryptocurrency trading is now available on all the account types that NordFX offers its clients. This gives traders exclusive opportunities to hedge their risks through completing numerous simultaneous trades with conventional currency pairs, as well as gold and silver.

    NordFX provides yet another bold innovation: the most popular cryptocurrency, Bitcoin, can now be used as the deposit currency alongside the US dollar. This means that a trader can use Bitcoins to fund an account, to store assets, to withdraw profit and, by using cross exchange rates and leverage, conduct transactions with other cryptocurrencies, several dozen currency pairs and precious metals.

    As a refresher, leverage is the monetary amount that a broker automatically offers traders for transacting in financial markets. Thus, NordFX allows traders and investors to make transactions of a volume equal to 1000 times that of their own assets.


    #nordfx #btcusd #ltcusd #ethusd #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

  10. #170
    Stan NordFX is offline Junior Member
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    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 11 – 15 December 2017


    First, a review of last week’s forecast:

    - Medium-term forecasts often come true much faster than expected. 65% analysts had expected that EUR/USD would test the midpoint of the 1.1575-1.2090 side channel - along which it has been moving for several months - in the medium term. However, it was just last week that the pair once again returned to the August values, completely defying the bulls' short-term expectations;

    - A similar situation developed for GBP/USD. 70% of experts had expected its growth in the short term, and 70% of experts expected its fall in the medium term. It was also noted that the bears’ desire to return the pair to the boundaries of the 1.3050-1.3325 side corridor was strong enough and they would act on it at the first opportunity. This is what happened: on Thursday, 7 December, the pair fell to 1.3318, and finished the week’s session at 1.3380;

    - USD/JPY. It was unfeasible to give any forecast for this pair with the help of indicators, using either H4 or D1: some of them were painted green, some red, and some neutral gray. As for the experts, the bulls had a slight advantage (60% versus 40%): according to them the pair was supposed to once again rise to the level of 113.30-114.00. This was confirmed by graphical analysis on H4. However, on D1, the pair seemed posed to once again test the Pivot Point of the medium-term side channel 108.00-114.50 in the 111.70 vicinity.
    If you look at the graph, it becomes obvious that both these forecasts turned out to be correct. The pair dropped to 111.98 by the middle of the week and then made a u-turn, rushing to where the bulls were expecting it; by the end of the five-day period it reached the height of 113.58;

    - USD/CHF. 45% experts had claimed that once it reached a strong support/resistance level of 0.9760, the pair would rebound first to the resistance at 0.9845, followed by another 100 points up. This scenario had been confirmed by the oscillators as well, which had indicated it was oversold. The forecast turned out to be 100% true, with the pair having steadily moved north during the entire week, fixing a maximum at 0.9975. Then it experienced a rebound of 50 points, and it froze at 0.9925.


    As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

    - As the Christmas holidays and the year’s end approach, we should expect the usual decline in financial activity. However, as trading becomes "thinner", it becomes possible for even minor speculators to influence rates.
    Regarding EUR/USD, the bears have a serious advantage (80% vs. 20%): they expect the pair to continue falling to the lower boundary of the medium-term side channel 1.1575-1.2090. At the same time. it is possible that in the coming days the pair will move in a much narrower range - 1.1685-1.1900.
    Graphical analysis and about 70% indicators also agree with this forecast. As for the bulls' supporters, they are corroborated by the roughly third of oscillators which indicate the pair is oversold. However, in this scenario the pair should not rise above the zone 1.1850-1.1900;

    - The readings of the indicators regarding the future of GBP/USD on H4 and D1 are diametrically opposed. On H4, most of them point to the south, and on D1, they look to the north. A similar situation occurs with graphical analysis. Experts, however, are dominated by bearish sentiments: 65% of them have voted for the fall of the pair. The nearest support is in the 1.3300 zone, with the next one being in the 1.3125-1.3200 area. The main resistance is located at 1.3550;

    - USD/JPY. Here, just as last week, most experts (75%) are voting for the continued growth of the pair. The targets are 114.00, 114.45 and 114.75. This forecast is supported by almost all indicators and graphical analysis. On the other hand, 25% of oscillators on H4 signal the pair is overbought, which may cause it to fall to 112.00-113.00;

    - USD/CHF. 90% experts, graphical analysis on D1 and 90% indicators on H4 and D1 believe that the pair will continue its growth to 1.0100. The nearest resistance is at the parity level of 1.0000.
    A mere 10% of analysts and 10% of oscillators adhere to the opposite viewpoint, thinking that the pair is overbought: they expect a decline to support 0.9880. The next support is at the level of 0.9845.


    Roman Butko, NordFX


    Attention: grab an unprecedented opportunity!
    NordFX offers you a unique opportunity to trade cryptocurrencies (Bitcoin, Litecoin and Ethereum) with a leverage 1: 1000!



    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

    https://nordfx.com/

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