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  1. #681
    Julia NordFX is offline Senior Member
    Join Date
    Jan 2015


    Forex Forecast for 7-11 September 2015

    Let’s review last week’s predictions:
    - the forecast for EUR/USD was fulfilled by at least 95%. As predicted, the pair spent the week revolving around the Pivot Point at 1.1200. In accordance with the indications of graphical analysis, the pair went up at the start of the week and then made a U-turn. However, the pair’s volatility was weaker than assumed;
    - pursuant to the forecast, GBP/USD tested the minimum level around 1.5330-1.5350 several times at the beginning of the week. The testing was so successful that, after breaching support and defying the analysts’ expectations, the pair descended even more to the low of 1 June;
    - in the forecasts about USD/JPY, 45% of the analysts and 71% of the indicators predicted the bulls to have the upper hand but that turned out to be incorrect. Already by 1 September, the pair reached the first support level, entered into a sideways trend and, having breached support at 119.50, continued downwards at the end of the week;
    - as for USD/CHF, the indicators staunchly supporting the pair’s rise were right. So were 50% of the experts and graphical analysis on D1, although the pair’s growth wasn’t as rapid as the latter had predicted.

    Forecast for the coming week.
    Generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on a large variety of methods of technical and graphical analysis, the following can be proposed:
    - most analysts’ expectation for EUR/USD is a sideways trend with the main support around 1.0925. At the same time, 18% of the experts say that this support may be broken through and the pair may fall to 1.0812. The indicators on H5 and D1 confirm the bears’ advantage while graphical analysis doesn’t rule out that the pair will be able to maintain its sideways trend with a 1.1140 Pivot Point for some time;
    - the indicators on all main timeframes and graphical analysis on H1 and H4 show that GBP/USD will fall further to 1.5100. However, considering that the pair is currently at the bottom boundary of a descending corridor, there may be a rebound towards the corridor’s upper boundary of 1.5225-1.5255 first. If it’s broken, the pair could start moving upward and return to around 1.5325;
    - it goes without saying that all the indicators foresee a continuing descent for USD/JPY. Graphical analysis, on the contrary, suggests that the pair has already reached a strong enough support level and a rebound to at least 119.80 (forecast on Н1) or even higher to 120.50 (forecast on Н4) could follow shortly. The opinions of 83% of the experts add that USD/JPY will be moving along the ascending corridor and rather quickly return to 123.00. The main support level will be around 118.40;
    - as for USD/CHF, 74% of the indicators, 100% of the experts and graphical analysis insist on the pair’s rise in its efforts to achieve the 1.0000 landmark in the next few weeks. Such unanimity is definitely a cause for concern, especially taking into account what the pair has done for the past 14 days. The key support this week will be at 0.9680. If it’s broken, the bears will take over once again and the coveted peak will be out of reach for a while.

    Roman Butko, NordFX

  2. #682
    Julia NordFX is offline Senior Member
    Join Date
    Jan 2015


    Forex Forecast for 14-18 September 2015

    First, a few words about last week’s forecast:
    - the two-week-old prediction about EUR/USD’s upward drive panned out. In line with the forecast made seven days ago, the pair tried to hold in its sideways trend for some time but then the bulls got a distinct advantage and, instead of falling, the pair shot upwards, first turning the 1.1140 Pivot Point into support and then leaving it far behind altogether;
    - a possible scenario for GBP/USD was a bounce to the upper boundary of the descending corridor, breaking through it and rising to around 1.5325, which actually happened. The surge was so big that the indicated level turned into support. The pair bounced off it and went further up on Wednesday;
    - the forecast for USD/JPY was fulfilled 100%. After rebounding from the bottom boundary of the three-week-old horizontal corridor, the pair immediately went up and finished the five days exactly where expected – around 120.50;
    - both indicators and experts turned out to be correct about USD/CHF’s upward strive. The key support level was set at 0.9680. While leaning on it, the pair managed to reach 0.9820 twice mid-week, after which it returned to its initial position.

    Forecast for the coming week.
    Summarizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be said:
    - it appears impossible to make a clear forecast about EUR/USD this week. Thus, 45% of the analysts, the indicators on H4 and D1 and graphical analysis on H1 insist on the pair’s further rise at least to strong resistance around 1.1450. The remaining 55% of the experts predict a fall to 1.1100 or even lower to 1.1000. It looks like next week one of these scenarios will play out – either the pair rises to the mentioned level of resistance and rebounds downwards, or it just falls. The start of the week is most likely to unveil which scenario will come true;
    - a similar scenario can be foreseen for the GBP/USD pair. According to 60% of the analysts and graphical analysis on all the main timeframes, a 1.5480-1.5500 range will present very strong resistance and GBP/USD won’t be able to overcome it despite all its efforts. Therefore, in the next few days, the pair is expected to fall to 1.5335, then rebound to 1.5420 and finally reach last week’s low around 1.5170. An alternative point of view suggests a continuation of the ascending corridor and the pair’s rise to 1.5680;
    - the indicators and 66% of the experts predict that USD/JPY will stay in its 3-week-old sideways trend with fluctuations around a 120.60 Pivot Point. Graphical analysis on H1, H4 and D1 doesn’t offer any forecasts, which confirms the prediction of the sideways movement. The main support will be around 118.60, with resistance around 121.40. However, 34% of the analysts point out that the pair may return to the area above 123.00;
    - most analysts, indicators and graphical analysis on D1 continue to insist on the pair’s drive to reach the landmark of 1.0000. The nearest target is to consolidate in a 0.9800-0.9900 range. As before, support will be around 0.9680, with the next level 100 points lower.

    Roman Butko, NordFX

  3. #683
    sauberlime is offline Junior Member
    Join Date
    Apr 2015


    Thanks! Trying to follow that forecast. At this point, I just hope that it will be accurate.

  4. #684
    Julia NordFX is offline Senior Member
    Join Date
    Jan 2015


    Forex Forecast for 21-25 September 2015

    First, a review of the previous week:
    - there were two possible scenarios for EUR/USD – either a rise to resistance around 1.1450 and a downward bounce or just a fall. In fact, both options played out – at the beginning of the week, the pair started to fall, then it went up to the 1.1450 resistance and, after a rebound, crashed to last Monday’s starting point;
    - GBP/USD accurately followed the prediction during the first half of the week – having knocked on resistance around 1.5480, the pair rolled down to its support at 1.5335 and shot upwards. However, on the news from Europe, the rebound was so powerful that the pair finally broke through the resistance at 1.5480-1.5500, turning it into support and reaching the area it had been in for the second half of the summer;
    - as predicted, USD/JPY continued its sideways trend it had entered at the end of August and narrowed both its lower and upper oscillation boundaries by 40 points;
    - USD/CHF didn’t meet the experts’ expectation of a rise and actually spent the week in a sideways movement. Although, on Thursday, following the Federal Reserve’s announcements, the pair did drop but resumed its normal course already on Friday.

    Forecast for the upcoming week.
    Generalizing the opinions of analysts from world leading banks and broker companies as well as forecasts based on a large variety of methods of technical and graphical analysis, the following can be proposed:
    - a two-week ascending channel is clearly visible on H4 for EUR/USD. The pair ended up at its bottom boundary 1.1300 last Friday. Rather strong support is located nearby at 1.1280. For this reason, almost all experts and indicators agree that the pair will be approaching the channel’s upper boundary of 1.1450 in the next few days. Further, opinions diverge – 57% of the analysts, the indicators on D1 and graphical analysis on H1 suggest that the pair will continue its upward movement to a 1.1500-1.1550 area while the rest 43% of the analysts, graphical analysis and the indicators on H4 predict that the pair will transition into a sideways trend with a 1.1360 Pivot Point;
    - most of what’s been written above for EUR/USD can be applied to GBP/USD which is now at the bottom boundary of an ascending corridor and close to strong support at 1.5500. The pair should rebound off this level to the upper boundary at 1.5700. After that, the pair will either break it and hike 100 more points up or transition into a sideways trend;
    - both experts and indicators forecast that USD/JPY will continue its sideways trend with prevailing bearish tendencies. The Pivot Point will be at 119.80, the first support – at 119.00 and the next support level – at 118.45. Resistance will be at 121.00 and 121.50;
    - the majority of the analysts and the indicators agree that USD/CHF will spend this week in a 0.9550-0.9675 corridor where the pair was end of August - beginning of September. Only 18% of the analysts believe that the pair will go up to a 0.9675-0.9775 range.

    Roman Butko, NordFX

  5. #685
    Julia NordFX is offline Senior Member
    Join Date
    Jan 2015


    How to Survive Global Financial Apocalypse

    Can the latest events in the world be viewed as precursors of an economic collapse on a global scale? Currencies soar and crash, there’re bearish forecasts for the markets of almost all large countries, falling oil prices and plunging shares of major companies. Many respectable analysts believe that this is just the beginning and the worst of it will be staggering.

    Predictions suggest that in the next 5 to 10 years, valuable securities will become literally value-less as their worth is steadily moving toward zero. According to Marc Faber, analyst, investment fund manager and publisher of the Gloom, Boom & Doom Report, the US stock market could fall 20-40 percent. Henry Blodget, editor-in-chief of Business Insider, raises the ante by 10 percent as he thinks that the drop can make 30-50 percent.

    Such a gloomy prospect is awaiting not only securities but also money. In his interview on Bloomberg TV, Marc Faber said, “…the whole financial system will one day collapse…, …a lot of government bonds will either default or they will have to print so much money that the purchasing power of money will depreciate very rapidly."

    ”With these stupid governments printing trillions and trillions of new currency units,” says investor and Casey Research chairman Doug Casey, “it’s building up to a catastrophe of historic proportions. Most of the banks in the world are bankrupt.”

    It would be a different matter, were it just banks! In the words of Egon von Greyerz (Switzerland), founder and managing partner of Matterhorn Asset Management AG, “No major nation in the West can repay its debts. The same is true for Japan and most of the emerging markets. Europe is a failed experiment for socialism and deficit spending. China is a massive bubble, in terms of its stock markets, property markets and shadow banking system. Japan is also a basket case and the U.S. is the most indebted country in the world…”

    Von Greyerz continues to build up pressure, “So we will see twin $200 trillion debt and $1.5 quadrillion derivatives implosions. That will lead to the most historic wealth destruction ever in global stock, with bond and property markets declining at least 75-95 percent.”

    Let’s tally up all the above:
    - oil prices are falling;
    - real estate is becoming cheaper;
    - banks are bankrupt;
    - inflation devalues currencies;
    - the stock market is sinking;
    - forget about bonds – junk is more expensive these days.

    At this point, the burning question of 19th-century utopian philosophers comes to mind. “What is to be done?” – they inquired in vain. Come the 21st century, very same Marc Faber told Bloomberg TV that he’d go for precious metals.

    Well, you could take up the renowned expert’s advice but for the IMF data that central banks gradually reduce their purchases of gold. For instance, last May only seven tons of gold were bought mainly by Russia and Kazakhstan.

    According to Thomson Reuters GFMS, as of late, gold supply by far exceeds demand, which results in constantly falling gold prices. Dropping about 40 percent against the maximum, all summer long the price tried to break through the key support level of $1,140 per ounce and managed to do so at the end of July. Then the price returned to around $1,140. However, it’s the first step that counts – investors realized that the price could well go below $1,000 and even more down. (Mind that only 15 years ago this precious metal was traded just at about $300.)

    Nonetheless, despite the seemingly unfavorable current situation, gold investments can turn out a sound decision ultimately. F. William Engdahl, American political economist, says that the prices on the New York and London exchanges don’t reflect the actual worth of gold as a reserve currency and a standard of monetary stability. He believes that large private and central banks in the West are artificially restraining gold prices as more expensive gold, and in the hands of others, threatens the dollar as the main global reserve currency.

    “Nowadays China exerts more influence over world exchanges,” says John Gordon, leading analyst at international brokerage NordFX. “The events of the past few months clearly prove this. At the beginning of the year, experts predicted that feverish purchasing of Chinese stocks (which was inevitable) could result in the transfer of assets into gold. Thus, already in May, China and the Shanghai Gold Exchange established the world’s largest gold investment fund to the tune of 16 billion dollars. The fund will invest in gold mining projects not only in China but along all of the Eurasian Silk Road, including Russia. These two countries – China and Russia – seek to turn their national currencies into global or regional reserve currencies and are eager to back them up with the metal. Therefore, they’re likely to increase their gold stock and push the price of gold up by doing that.”

    “It’s noteworthy that China and Russia are the world’s first and third largest gold producers respectively. South Africa is the sixth, Uzbekistan is the eighth, with Kazakhstan also among the leaders. All these states are either BRICS members or part of the Shanghai Cooperation Organization, that is entities that follow an independent policy in contrast to the current system based on an inflated dollar. This, of course, cannot but alarm the proponents of the dollar rule – Wall Street, the Federal Reserve and the US Treasury.” In conclusion John Gordon says, “At this time, the West still has the upper hand but the balance is slowly but surely shifting to the East. I envision the deciding showdown quite soon.”

  6. #686
    Julia NordFX is offline Senior Member
    Join Date
    Jan 2015


    Forex Forecast for 28 September - 2 October 2015

    Let’s review last week’s forecast:
    - the EUR/USD pair entered a sideways trend after breaking through support around 1.1280 and turning it into resistance;
    - contrary to all the predictions, the GBP/USD pair went down sharply, returning to the lows of the beginning of June and the beginning of September. Therefore, if there even was a sideways trend, it was in a very large range of 1.5175-1.5815;
    - the forecast for USD/JPY was fulfilled 100%. The pair spent the whole week in a sideways trend in the precisely set boundaries of 119.00-121.00;
    - the USD/CHF pair was also predicted a sideways trend by 82% of the analysts but experience has it that the opinion of the majority isn’t always correct. So, this time it’s 18% of the analysts who were right insisting that the pair would move up and transition to 0.9675-0.9775. The pair tried to break even higher but finished the week near the upper boundary of the indicated range.

    Forecast for the coming week.
    Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, the following can be said:
    - regarding EUR/USD, 72% of the experts and indicators on D1 predict a fall to 1.1000. Alternatively, 28% of the analysts and indicators on H4 insist that the pair will return to resistance at 1.1450. As for graphical analysis, in the short term, it predicts a fall to support at 1.1120 followed by a return to resistance at 1.1210;
    - all the indicators point to a downward movement for GBP/USD. The analysts differ – only 20% of them agree with the indicators and believe that the fall will continue to at least 1.5000 while 80% of the analysts are certain that the pair has already reached its low and should now rebound towards resistance at 1.5340. Graphical analysis also shows that GBP/USD will remain in a sideways trend for some time, fluctuating between 1.5150 and 1.5340;
    - most experts and indicators on H4 predict that USD/JPY will move upwards to 123.00. In this case, support will be at 121.30. However, according to 12% of the analysts and indicators on D1, the pair will lean on support at 119.00 and continue its four-week sideways trend. The next support in this case will be 118.50;
    - the majority of both analysts (63%) and indicators believe that USD/CHF has resumed its movement to the 1.0000 landmark. Graphical analysis on D1 agrees with this and specifies that fluctuations will be in a 0.9670-1.0100 range. An alternative view is that the pair will take a breather and stay in a sideways trend within a 0.9740-0.9840 range.

    Roman Butko, NordFX

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