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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sun Jan 01, 2017 2:40 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 02-06 January 2017

First, a review of last week’s forecast:
– We know that "thin" market and low liquidity in the pre New Year's week can work wonders. For the first half of the week the EUR/USD pair, as expected, remained in a slow sideways trend. Then on Wednesday, it slumped 100 points. On Thursday it played back what it lost. Then, the beginning of the Asian session on Friday presented the traders a "New Year" surprise - in just one hour, for no apparent reason, the pair made a sharp leap upwards and hit 1.0655, after which it returned to the levels of support of the second half of November;
–The forecast for GBP/USD predicted the pair's movement in the side channel in the range of 1.2215-1.2325. 1.2375 was identified as the week's high. In general, this forecast proved to be correct - for the whole week the pair oscillated in the range 1.2200-1.2305, and on Friday, breaking through the upper boundary of the corridor, it reached the height of 1.2385;
– For USD/JPY, graphical analysis on D1 anticipated the movement of the pair in the channel 116.50-119.00, whilst H4 suggested the channel 115.50-117.50. It turned out that the first was right in determining the local minimum - 116.30, and the latter was right regarding the maximum - 117.80;
– USD/CHF. Here, 75% of experts, supported by indicators H4 and D1 and technical analysis on the daily time frame, voted for the pair to grow to the 1.0300-1.0400 area. By the middle of the week, it actually did rise to the height of 1.0320. The remaining 25% of experts expected a decline of the pair to the December low at 1.0000, and on Friday, mirror copying the behaviour of EUR/USD, the pair rushed down, reaching the bottom at the level of 1.0059.
***
Forecast for the upcoming week:
Summing up the opinions of a number of analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:

– The consensus of analysts in the first week of the New Year can be called unique - 100% voted for the fall of the EUR/USD and its return to the zone 1.0350-1.04800, Pivot Point at 1.0430. Graphical analysis and oscillators on the D1 agree with such a forecast, indicating that the pair is overbought. As for the graphical analysis on H4, it does not rule out that prior to falling, the pair may attempt to re-test the 1.0655 high of December 30;
– In the case of GBP/USD, most experts (75%) also expect the movement of the pair southwards - to the October lows in the 1.2080 zone. Indicators and graphical analysis on D1 agree with this version as well. But as for a shorter time frame, H4, the picture is diametrically opposite - in the short term technical analysis points to a possible growth of the pair to the resistance 1.2380 and further - to a height of 1.2500;
– USD/JPY. The vast majority of indicators (70%) have taken a neutral position. Readings of graphical analysis on H4 can be called neutral as well, they point to a sideways trend in the range of 116.00-118.65 with a predominance of bullish sentiment. 80% of analysts are also on the bulls' side. An alternative view is represented by graphical analysis on D1. According to its readings, the pair must first go down to the 114.75 support and only then rush to the height of 118.65. In case of breaking down, the next support level is at 113.10;
– Most likely, next week the USD/CHF pair will continue to mirror the movement of EUR/USD. That is why 100% of experts predict it to rise to the 1.0220-1.0320 area. As for technical analysis, as it often happens, the indicators on H4 and D1 have occupied opposite positions. Whilst analysis on D1 supports the analysts, on H4, oscillators, trend indicators as well as graphical analysis indicate the pair's drive toward the 1.0000 mark.
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.
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sat Jan 07, 2017 5:53 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 09-13 January 2017

First, a review of last week’s forecast:

– Recall that in the first week of the New Year analysts demonstrated a unique consensus: 100% believed that the EUR/USD would fall to the 1.0350-1.04800 area. They turned out to be 100% correct. On Monday the pair crept up to the level of 1.0480, and on Tuesday, having mobilized all their forces, the bears blitzed to the south and literally dropped the pair to the 1.3400 mark. However, this task proved to be exhausting and the bulls were able to not only win back the lost positions, but also return the pair to the Pivot Point of the last eight weeks of 2016 in the 1.0525 area;

– In the case of GBP/USD, most experts (75%) also expected a southward movement of the pair to the October lows in the 1.2080 zone. The pair rushed down straight away on Monday. However, after failing to break the 1.2200 support, it made a meteoric rise of 230 points, followed by a no less dizzying drop of 170 points and eventually finished the week at 1.2275, the place where it spent most of the last ten days of December;

– For USD/JPY, 80% of analysts, supported by 70% of indicators and graphical analysis on H4, assumed a sideways trend within 116.00-118.65 with a predominance of bullish sentiment. They turned out to be right - for the whole first half of the week, the pair moved exactly like that, reaching the height of 118.60 on Tuesday. An alternative view was represented by graphical analysis on D1. According to its readings, the pair was supposed to first go down to the support at 114.75, which is what happened, but only on Friday. Having felt the local minimum at 115.05, it rebounded upwards and the week ended in the same place where it began: in the 117.00 zone;

– USD/CHF. The forecast for this pair was absolutely correct as well. Recall that 100% of experts predicted its rise to the 1.0220-1.0320 area, and on Tuesday the pair obediently reached the height of 1.0334. As for technical analysis, both oscillators and trend indicators as well as graphical analysis on H4 indicated the pair's strive to the 1.0000 mark. As a result, the rise was followed by a sharp descent of 250 points. However, the pair didn't manage to reach the level of 1.0000, and having turned around at 1.0086, like USD / JPY, returned to the values of the beginning of the week.

***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

– Speaking about the near future for the EUR/USD, 60% of analysts believe that the level of 1.0525 should become the resistance for the pair, fighting from which the pair will occasionally go down to the 1.0350 support zone. The 1.0400 horizon should become a Pivot Point in this side channel. Having said that, graphical analysis on D1 does not exclude that, before going down, the pair can try again to climb to the height of 1.0650 at the start of the week.
It should also be borne in mind that certain adjustments in the formation of the medium-term trends can be made by the ECB meeting, press conference by Donald Trump in the middle of the week and the speech of the US Federal Reserve Chair Janet Yellen at the end of the week. As for the long-term outlook, most analysts expect the pair to decrease by the end of 2017 to the level of 1.0000 and even below parity, to 0.9000;

– Regarding the behaviour of GBP/USD, there is no consensus either among experts or among trend indicators and oscillators. About one third of them vote for an increase, a third support a fall and the rest believe the pair will move to the east. When it comes to the readings of graphical analysis, on D1 it points to the side corridor in the range of 1.2270-1.2430 for this week. If it succeeds in breaking the upper border of the channel, the pair may rise by another 100 points: to the level of 1.2530. As for the forecast for the coming months, about 70% of experts vote for the decline of the pair to last year's lows in the area of 1.1950-1.2000;

– USD/JPY. As the Bank of Japan is likely to maintain a similar direction in monetary policy, the behaviour of this pair will largely depend on the actions of the new US administration. That is why, as in the case with the GBP/USD, it is impossible to compile some sort of consensus from analysts opinions. However, in the medium term bullish sentiment prevails associated with the strengthening of the dollar and the pair’s efforts to reach 120.00 and beyond. As for graphical analysis, on H4 it suggests a movement of the pair in the 115.00-118.60 channel, and on D1 it does not preclude its temporary decline to the 113.00 area;

– Finally, the last pair of our review: USD/CHF. Despite the discord of indicators more inclined to sell, the vast majority of experts (75%) believe that the pair will eventually go up to the 1.2000-1.3000 area and even higher - to the December highs at the height of 1.3400. The reason for such expectations is understandable. Namely, it is the strengthening of the dollar due to Trump administration's actions and interest rate hikes planned by the US Fed in 2017.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Tue Jan 10, 2017 5:41 pm

10 Threats to European Currencies
2016 has been marked by a number of events that strongly affected financial markets. First and foremost is, of course, Brexit, the election of Donald Trump as US President, as well as persistent rumours of a possible disintegration of the European Union, which have seriously changed the balance of forces in the struggle of major world currencies.
So what should be expected from the pound, dollar, euro and yen in the new 2017?

With respect to the European currency, the forecasts look rather pessimistic. Referring to the European Central Bank (ECB) data, The Wall Street Journal estimates that capital outflows from the euro area reached their highest level since the introduction of the euro in 1999, and the currency itself has updated 13 years’ lows.
According to analysts, chances of an ECB interest rate increase do not exist, while the US Federal Reserve (Fed) not only lifted the rate by 0.25% in mid-December 2016, but also foresees three other similar increases throughout 2017.
Citigroup specialists expect the US currency to continue to grow. Further to that, the bank's strategist Todd Elmer said in an interview with Bloomberg: “We might see a much more rapid appreciation of the dollar than many in the market expect." The reason for this, in the first place, lies in the fact that the Fed will raise rates at a faster pace than initially expected. The head of the Federal Reserve Janet Yellen has noted that the rise in rates is a sign of confidence in the American economy, and that the Fed will take into account a possible increase in tax incentives promised by President Trump.
"It is possible,” says the leading analyst of the NordFX brokerage company John Gordon, “that in the context of the events that may occur in Europe, Brexit will seem like a nuisance. For some reason, only the upcoming elections in Germany and France and the migrant crisis are usually talked about when listing risks. But in fact, the list of threats that the euro faces is far from exhausted by them. I can name at least another six or seven.”
“Someone has decided all of a sudden that the economic crisis in Greece reached its peak in the summer of 2015. But this is not true – it suffices to say that at the end of 2016, the tax debt of Greek residents reached an astronomical figure for the country of 94.2 billion euros. It is quite probable that this will very soon 100 billion, while there is no reason to expect opposite, positive dynamics.”
“Financial problems similar to the Greek ones can be seen in Italy and Spain. Only, unlike the Greek case, they are intensified by separatist sentiments amongst some parts of the respective populations in these countries. Recall the December referendum in Italy or the tension between the Madrid and the Catalan authorities in Spain.”
“Let's add to this the rise of the extreme right in Austria, the discontent with the migration policy in Hungary and the worsening of relations between Turkey and Europe, on the back of which President Erdogan has once again started to build up relations with Russia.”
“Only when we add to all this the local or parliamentary elections, which are scheduled for this year in a number of EU countries,” continues the NordFX analyst, “do we start realising what hard times are coming up for the EU as a whole and the euro in particular."
“If a few months ago major currency players retained some optimism about the future of the euro, now many of them have already revised their forecasts downwards.”
According to the British firm IHS Markit, the euro will reach parity with the dollar by the end of 2017. Royal Bank of Scotland analysts agree with this view. Due to the extension of the ECB's program to buy € 80 billion assets a month, they say, the EUR/USD pair will be able to stay in the range of 1.00-1.10. But the major investment bank Goldman Sachs has lowered its forecast below parity, from 1.00 to 0.90.
If we talk about the British currency, despite the Brexit (or indeed because of it), its future looks more optimistic than that of euro.
JPMorgan bankers believe that the rate of GBP may increase or decrease by 5-10%, depending on the UK government's actions with respect to accessing the single market. “The pound is facing periodic bouts of volatility and may change direction several times depending on political decisions,” says Paul Meggyesi of JP Morgan. As for the forecast, the bank's experts believe that the GBP / USD pair will be in the area of 1.26 by the end of 2017.
The currency strategists from ANZ Bank and ABN Amro believe that the pound will be weaker against the dollar, but will strengthen its position relative to the euro. “This is because”, says the ABN AMRO analyst Georgette Boele, “the political uncertainty in the euro area will put pressure on the euro across the board. Brexit is no longer the centre of attention in the financial markets, so the pound is likely to be relatively stable.”
The USD/JPY pair, according to the Royal Bank of Scotland, will be traded in the range of 110-120 throughout 2017, as the Bank of Japan will maintain monetary policy parameters stable and will continue to keep the yield on 10-year bonds (JGB) near zero. As for the experts from IHS Markit, they believe that thanks to the strengthening of the dollar, the pair will reach the 126 mark.
"The actions of Trump's administration and rate hikes by the Fed,” says John Gordon of NordFX, “will lead to the unwinding of inflation and the weakening of the national currency in a number of countries that are dependent on the US Dollar." At the same time, according to Bloomberg, the Russian rouble looks very promising for investors in 2017 when we consider emerging markets. According to the UBS Group AG estimates, the return on investment of the rouble on the carry trade strategy will be 26%, and this will be the best result among the markets of Europe, the Middle East and Africa.
The list of attractive countries less dependent on the risks associated with the actions of the USA also includes Mexico, Brazil, Chile, South Africa, India and Indonesia.
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sun Jan 15, 2017 6:30 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 16-20 January 2017

First, a review of last week’s forecast:

- The behaviour of the EUR/USD pair did not deliver any surprises in the first half of the week. First, as predicted by graphical analysis, it attempted to climb to the height of 1.0650. Having almost reached the intended target (1.0627), the pair reversed and, following the forecast of most analysts, it began to descend to the 1.0350-1.0525 zone. The trend was then altered by the ECB meeting, the press conference by Donald Trump, and the speech of the Governor of the Bank of England M. Carney. Those events led the pair to return to the level of 1.0625 and then rise another 50 points to the height of 1.0685, once it had kicked off from the level of 1.0453;

- GBP/USD. Regarding the behaviour of this pair both experts and indicators were divided into three roughly equal groups: one third of them believed it would fall, one third believed it would grow, and the remainder believed the pair would move eastwards. The pair ended up fulfilling all these wishes: first it went down to the level of 1.2035, and then, reacting to the events listed above, it rose to the height of 1.2316 and eventually finished the week midway between these two values - in the area that has been acting as a support level during the first two weeks of January;

- In the case of the USD/JPY, analysts just shrugged their shoulders, anticipating the release of news from the US. As for graphical analysis, following the readings on H4, the pair fell to the lows of the previous week in the 115.05-115.20 area. After a short respite it rushed further down, which had been predicted by graphical analysis on D1. It reached a local bottom at 113.75;

- Recall that the opinions of experts and technical analysis on the behaviour of the USD/CHF pair were geometrically opposed. The former predicted its growth to the values of 1.0200-1.0300, and the pair went up exactly to the middle of this zone: 1.0247. The latter were, for the most part, inclined to sell it, and by the end of the week the pair fell to a level that was approximately 100 points lower than where it was at the start.

***
Forecast for the coming week:

Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- Regarding the near future of EUR/USD, 60% of analysts, supported by indicators on H4, believe that the pair may rise to the 1.0700-1.0800 area. An alternative view is represented by 40% of experts, graphical analysis on W1 and 90% of oscillators. According to them, the pair will strive towards the support in the area of 1.0480-1.0510, and then even further to the December lows at 1.0350–1.0370. Meanwhile, graphical analysis on D1 does not exclude the possibility that before going down, the pair may once again try to climb to the height of 1.0650, which would happen at the start of the week.

- As for the behaviour of the GBP/USD pair, experts still cannot come to an agreement. About half of them are backing the bulls, believing that the pair will move to northwards. Graphical analysis agrees with this view of events as well, with H4 drawing the corridor of 1.2100-1.2315 for the pair. D1 sets targets that are even more ambitious, being in the area of 1.2400-1.2500. The remaining 50% of experts, as well as trend indicators and oscillators, disagree with such a forecast, believing that the pair should test the second support zone of 1.2000-1.2035;

- USD/JPY. When it comes to forecasting the next few days, the majority of experts and indicators on H4 and D1 believe that the pair has not yet reached the local minimum in the area of 113.00. In the medium term, the picture is quite different - about 70% of analysts, graphical analysis on D1 and indicators on W1 vote for the strengthening of the dollar and the rise of the pair to the resistance at 118.65. In the case of a breakthrough through this resistance, they believe the pair will rise even higher to the 121.00 level;

- We can observe a pattern similar to the one for USD/JPY with USD/CHF. 65% of experts, trend indicators and graphical analysis on H4, as well as oscillators on H4 and D1 strongly advise to sell the pair, believing that it will reach the 0.9950-1.0000 area. As for the medium term, the forecast remains the same: the vast majority of experts (75%), with the full support of technical and graphical analysis, are convinced that the pair will eventually rise again to the 1.0200-1.0300 area or even higher: to the December highs at 1.0340.

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 in financial markets is risky and can lead to a loss of money deposited.

#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sat Jan 21, 2017 5:05 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 23-27 January 2017

First, a review of last week’s forecast:
- The main forecast for the EUR/USD pair had said that early in the week the pair could rise to 1.0685 or even higher to the 1.0700-1.0800 area. This is what happened in reality. By just Tuesday, the pair reached the 1.0720 level, before returning 130 points downwards and jumping back up again, finishing the week near the 1.0700 mark;
- GBP/USD. Regarding the behaviour of this pair, 50% of the experts predicted its movement to the north and graphical analysis indicated a target in the area of 1.2400-1.2500. This turned out to be 100% correct. In the first half of the week, the pair did the seemingly impossible: inspired by the speeches of the Governor of the Bank of England M. Carney and the British Prime Minister T. May, as well as by optimistic indicators of the economy of this island state, the pair leapt upwards by 430 points and returned to the strong level support/resistance of the last four months in the 1.2385-1.2415 zone;
- In the case of USD/JPY, most experts and indicators on H4 and D1 had expected the pair to descend to a local minimum in the area of 113.00, after which it had been expected to turn around and go north. In reality, the pair surpassed these expectations, marking the minimum as 45 points lower than predicted at the level of 112.56. This was followed by the scheduled rebound and the pair returned to the 114.60 mark, to the upper boundary of the February-March 2016 corridor;
- USD/CHF. 65% of experts, trend indicators and graphical analysis on H4, as well as oscillators on H4 and D1 had strongly advised to sell the pair, believing that it would definitely reach the 0.9950-1.0000 zone. Those traders who followed this advice, were able to profit considerably. Mirroring the movements of EUR/USD, the pair recorded the minimum at the level of 0.9995 on Tuesday.

***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- It is clear that, speaking of the near future of EUR/USD, the vast majority (80%) of trend indicators look northwards. Meanwhile, one third of the oscillators indicates that the pair is overbought. About 60% of analysts together with graphical analysis on D1 expect it to descend to the level of 1.0500. After that, in their view, the pair will be able to return to the 1.0650 resistance;
- A similar picture emerges with respect to the behaviour of the GBP/USD as well. Most indicators on H4 vote for the growth of the pair, whilst on D1 they do not exclude the beginning of a fall. 65% of experts are also in agreement with the bears. The nearest support level is 1.2300, with the next one being 1.2200. The bottom is in the area of the minimum of October 2016 at 1.1950-1.2000. As for graphical analysis, it draws a corridor with a relatively large range on D1, the low being 1.2000 and the high being1.2420. The next resistance is 1.2550;
- USD/JPY. Trend indicators in this case, have taken a neutral position. The readings of oscillators differ: on H4 they insist on buying, and on D1 they insist on selling. There is no unity among the experts and graphical analysis either. The majority of the former (60%), insist that the pair will go up to the 116.00-117.50 area. The latter, both on H4 and D1, believe that it must first once again test the January lows of 113.00 and 112.55;
- As for the last pair of our review, USD/CHF, 75% of the experts along with graphical analysis expect a sideways trend within 0.9995-1.0200. An alternative view sees the pair going down to the level of 0.9900. However, this can only happen in the event of any significant economic or political developments in the EU and the USA, which are not expected next week.
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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sat Jan 28, 2017 10:05 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 30 January - 3 February 2017

First, a review of last week’s forecast:

- The majority of analysts and graphical analysis on D1 had expected the EUR/USD pair to decline to the 1.0500 level and then to return to its Pivot Point at 1.0650. However, the pair stayed within a narrow side corridor 1.0710-1.0775 for almost the entire week and it was only on Thursday that it went down. At the same time the decline was quite small and, having found a local bottom in the Pivot Point area 1.0657, the pair turned around and went back to where it started the week, to the level of 1.0695;

- GBP/USD. Regarding the behaviour of this pair, only 35% of experts and indicators on H4 had supported its growth, although they did turn out to be right. As for graphical analysis, it had not ruled out growth of the pair to the level of 1.2550 on D1, where the pair actually finished the week after reaching the height of 1.2673;

- USD/JPY finished the week-long session at the Pivot Point level of January in the 115.60 zone. Talking about its movement within the week, the forecast given by 40% of analysts supported by oscillators on D1 and graphical analysis on H4 and D1, proved correct. Recall, they had insisted that the pair should once again test the January lows of 113.00 and 112.55, which is what ended up happening;

- USD/CHF. Most experts along with graphical analysis had expected a sideways trend from the pair, and the pair did move east obediently for the whole week in a narrow range, having kept within 0.9960-1.0025.

***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- Speaking about the near future of EUR/USD, the vast majority (70%) of experts continue to expect the pair to decline to the level of 1.0600 and further to the area of 1.0500. As for technical analysis, the findings of oscillators differ: one would need to sell the pair if they follow H4, and to buy on D1. 15% of analysts and graphical analysis on H4 also talk about buying, indicating the height of 1.0775 as the target and the next resistance level as 1.0890. The remaining 15% of experts, together with trend indicators, have taken a neutral position;
- A similar picture emerges with respect to the behaviour of GBP/USD. The majority of experts (55%) and the indicators on H4 expect the pair to initially fall to the support at 1.2415, and then further on to 1.2255. As for the remaining analysts, indicators on D1 and graphical analysis on H4, they suggest that the pair will first reach resistance in the 1.2730-1.2775 zone. Only then will it start descending southwards. The next resistance to which graphic analysis on D1 indicates is located at the level of 1.2875;

- The opinions of the experts on the future of the USD/JPY are almost equally divided: 30% expect its growth, 40% expect it to fall and 30% take a neutral position. Trend indicators, oscillators and graphical analysis on D1 also remain neutral. But their "colleagues" on H4 are set to purchase. The Pivot Point is 115.12. The nearest resistance is 115.60, with the subsequent levels being 116.35 and 117.00. The support levels are at 114.40, 113.85 and 112.50. Regarding the medium-term forecast, it should be noted that about 70% of analysts expect the pair to grow;
- As for the last pair of our review, USD/CHF, all 100% of experts believe that the pair will not be able to stay in such a narrow sideways channel for the second week in a row. However, the views differ as to where it will go: 35% expect its growth, 65% believe it will fall. Indicators also tend to believe it will fall to the 0.9900 zone. But graphical analysis both on H4 and on D1 shows that a correction may take place before the downwards trend continues, implying that the pair may rise to the resistance in the 1.0085-1.0100 area;
- Summing up our weekly review, it is important to remember that the upcoming week will be filled with numerous events, which traditionally attract the attention of currency traders. To be precise, a decision by the Bank of Japan on interest rates is expected on Tuesday, 31 January, a similar decision by the US Federal Reserve is expected on Wednesday, 1 February, and the Bank of England is expected to announce its decision on Thursday, 2 February. In addition, at the end of the week on Friday, 3 February the ECB will hold a meeting, important economic data from China will be published, and employment data (NFP) from the United States will be released.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sat Feb 04, 2017 5:37 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 06 - 10 February 2017

First, a review of last week’s forecast:

- Despite the fact that the past week was filled with important economic events, it failed to deliver any big surprises. The uptrend of the pair EUR/USD, the start of which was precisely on New Year's night 2017 (clearly visible on D1) was continued. Most experts expected the pair to decline to the rising channel's lower border in the area of 1.0600 and possibly to break through it. However, having descended to 1.0620, the pair could not penetrate the support and went up, ending the week where analysis on H4 predicted: precisely at the intersection of the centre line of the ascending channel and the strong resistance level of 1.0780;

- With regard to the forecast for GBP/USD, most analysts and indicators on H4 expected it to fall to the support 1.2415. It was already Tuesday when the pair recorded a local minimum at 1.2412. Afterwards, it turned northwards. However, by Thursday the trend had changed again and, following the Bank of England announcements, the pair fell down, losing 250 points in one and a half days;

- Recall that experts' opinions on the future of USD/JPY were almost evenly divided: 30% of them expected its growth, 40% expected it to fall and 30% took a neutral position. However, the relatively larger collective weight of the bears (by just 10%), apparently tipped the pair over, and the pair rushed downwards right from the beginning of the weekly session, easily breaking through the 113.95 Pivot Point of the side channel which was launched in mid-January, and ended the week at its lower border in the area of 112.50;

- The forecast for the USD/CHF pair came true with an accuracy close to 100%. The vast majority of experts, supported by indicators, expected it to fall to the 0.9900 zone. At the same time graphical analysis warned that a correction might follow before the down trend continued, and the pair would rise to the 1.0085 area. That is what happened: on Monday, the pair reached the upper border of the descending channel (1.0045), and then went to the south, ending the week at the level of 0.9920.
***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- Speaking about the future of EUR/USD, the vast majority (65%) of experts believe that the target of the medium-term uptrend has not been reached yet, and the pair should rise to at least 1.0850-1.0870. Trend indicators and oscillators on D1 agree with this. As for the indicators on H4, they have taken a neutral stance, and the graphical analysis on H4 specifies the boundaries of the side corridor: 1.0700-1.0820. It should be noted that, giving the forecast for the next month, 60% of experts and graphical analysis on D1 believe that the pair will not be able to avoid falling to the level of 1.0500;

- Speaking about the future of GBP/USD, 55% of analysts, with the support of indicators and graphical analysis on H4, expect the sideways trend of the last two weeks to continue. According to this forecast, the bears will possess a certain degree of superiority, the main support will be at 1.2415, and the Pivot Point will be at 1.2542. It is within these limits that the pair should move inside in the coming days. As for the medium-term forecast, 60% of analysts and graphical analysis on D1 side with the bears, waiting for the fall of the pair to the 1.2100-1.2200 zone;

- The opinion of indicators both on H4 and on D1 unequivocally sides with the growth of the USD/JPY pair. But there is no such unity among analysts - only half of them agree with the indicators regarding the coming week. However, in the medium term, the number of growth supporters increases to 75%. The graphical analysis sides with the latter, according to its readings the local minimum for the pair is in the zone 112.07-112.50 and after reaching it, the pair should set out to conquer the peaks of the North. The resistance levels are at 116.70 and at 118.70;

- As for the last pair of our review, USD/CHF, 65% of the experts and graphical analysis on H4 are confident that having rebounded from the support in the 0.9870-0.9900 area, the pair should rise and return to the symbolic mark around 1.0000. An alternative point of view is represented by the remaining 35% of experts and graphical analysis on D1. In their view, the pair may fall even further downwards and enter a period of lateral movement in the 0.9750-0.9870 corridor. The next support is 0.9670.

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.

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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sun Feb 12, 2017 10:43 am

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 13 - 17 February 2017

First, a few words about the forecast for the previous week, which proved almost 100% accurate:

- As it often happens, the medium-term forecast jumps ahead of the short-term one. Thus, in the case of EUR/USD, we saw the breakdown of the January uptrend’ lower boundary somewhat earlier than the experts had expected. However, the bears’ victory was predicted by experts with absolute precision - traders who had opened positions to sell received serious profits, as the pair lost almost 200 points during the week and designated a local bottom at 1.0607, the area of a very strong support / resistance level, which existed since November 2016;

- With regard to the forecast for GBP/USD, the majority of analysts, with the support of indicators and graphical analysis on H4, expected it to continue the sideways trend of the last two weeks. This forecast proved to be 100% correct. The speculation that the bears would have a certain advantage turned out to be true as well, it was under their pressure that the pair managed to break the very important support level of 1.2410, however briefly, and as a result, finished the week exactly where it started - in the 1.2485 zone;

- Expert opinion regarding the future of USD/JPY implied a short-term decline of the pair, after which it was supposed to turn around and conquer the peaks of the north. The heights of 113.45 and 113.95 were named as those peaks. Everything happened exactly according to the forecast: in the beginning of the week, the pair dropped slightly, and then rushed upwards, reaching the height of 113.85 on Friday (short of the second of these goals by just a meagre 10 points);

- The forecast for USD/CHF came true with an accuracy close to 100%. The vast majority of experts, along with graphical analysis on H4, were confident that, rebounding off from the 0.9870-0.9900 support area, the pair would go up and return to the milestone of 1.0000. All of this happened, and as a result the pair ended the week’s session at the level of 1.0020.

***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- Predicting the future of EUR / USD, only 20% of experts, graphical analysis on D1, and a third of oscillators point to it being oversold, supporting the growth of the pair to the height of 1.0850-1.0870. 60% of analysts and most indicators are confident in the continuation of the downwards trend and decline of the pair to the 1.0500 zone. However, the remaining 20% of experts believe that for some time the pair may move in a sideways channel in the 1.0590-1.0715 range. It should be noted that certain adjustments in the formation of the trend could be made after the ECB meeting on Wednesday February 15 and the summit of EU leaders on February 17;

- A similar pattern is observed for GBP/USD. Here 60% of analysts, graphical analysis, and 80% of indicators are on the side of the bears. According to their forecast, the pair must first go down to the level of 1.2410 and then to 1.2350. The next support zone will be at 1.2200. At the same time, a third of experts and graphical analysis on H4 do not exclude that, reaching the bottom at the level of 1.2350, the pair will then proceed to a sideways movement in the 1.2350-1.2550 range;

- Opinions of both analysts and technical analysis on the future of USD/JPY are very vague. The experts are divided into two almost equal camps: 50% support the growth of the pair and 50% foresee a fall. Graphical analysis on D1 draws a sideways trend in the rather wide range of 111.65-114.00. Meanwhile, in the medium term almost 70% of analysts expect the strengthening of the dollar. In their opinion, the pair is sure to rise above the 115.00 horizon;

- As for the last pair of our review, USD/CHF, 100% of experts, graphical analysis, and the absolute majority of indicators look northwards, pointing to 1.0100 as the main target. There is some concern here, however, which is caused by the readings of just one third of oscillators: they signal that this pair is overbought and can possibly return to the 0.9960 support level.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sat Feb 18, 2017 7:27 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 20-24 February 2017
First, a review of last week’s forecast:

- Recall that when predicting the future of EUR/USD, the vast majority of analysts, supported by indicators, voted in favour of the continuation of the downtrend and the decline of the pair to the 1.0500 zone. That was what happened: for the entire first half of the week the pair moved southwards, reaching the horizon of 1.0520. Then, helped by the Chair of the US Federal Reserve, whose speech was called boring by some, the pair reversed and rose by 150 points. Then the bulls' strength was exhausted, and, having lost 70 points, the pair finished the week almost where it started: in the vicinity of a strong medium-term support / resistance level in the 1.0610 area;

- The forecast for GBP/USD also came almost entirely true. Here, the bears were supported not just by analysts and indicators, but also by graphical analysis. According to their shared opinion, the pair was supposed to initially go down to 1.2410 and then to 1.2350. At the same time, one third of experts suggested that, reaching the bottom at 1.2350, the pair would then proceed to a sideways movement in the 1.2350-1.2550 range. If you look at the chart, it is clear that all that has ended up, albeit with a permissible sway of 20-25 points;

- The opinion of both analysts, and technical analysis on the behaviour of USD/JPY was very vague last week. However, almost 70% of experts claimed that in the medium term, the pair would go up to 115.00. This is exactly what the pair did, although it did so earlier than expected: it had already reached the height of 114.95 on Wednesday. Then, just like the euro/dollar, it returned to this year's strong support/resistance level in the 112.60 area;

- The forecast for USD/CHF was also very accurate and 100% confirmed the unanimous opinion of 100% of analysts and technical analysis. Mirroring the behaviour of EUR/USD, the pair reached the goal, the height of 1.0100, in the middle of the week and then proceeded to the milestone level of 1.0000.
***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- The next week's economic calendar is not marked by any particularly important event. Perhaps that is why expert opinions on the behaviour of EUR/USD are almost equally divided: one third predict the growth of the pair, another third predict a lateral trend and the last third suggest its fall. The latter are actively supported by graphical analysis on H4. According to this analysis, the pair should once again test the bottom at 1.0500, after which it may turn and rise to the resistance of 1.0850. As for the medium-term forecast, the picture is quite different: more than 70% of analysts actively supported by trend indicators and oscillators on D1 predict the strengthening of the dollar and the fall of the pair. The parity zone at the level of 1.0000 is named as a key target;

- A similar pattern is observed for GBP/USD. Here, 65% analysts, graphical analysis and more than 90% of indicators stand on the side of the bears. According to their forecast, the pair is expected to fall to the lower bound of the major side corridor 1.1985-1.2720, where it has been located ever since October 2016. For this to happen, however, it first has to overcome support at the level of the central line of the channel, which is 1.2345. This could delay its descent for a few days. In this case, a rebound of the pair to the resistance of 1.2550 is possible;

- The opinions of analysts and indicators about the future of USD/JPY have radically diverged. Whilst the former expect the pair to grow, the latter are confident that it will fall. The compromise option is the side corridor in the 112.40-115.00 range, this view being offered by graphical analysis on D1. The next support will be at 111.60, and the resistance will be 116.50;

- As for the last pair of our review, USD/CHF, both experts and technical analysis expect a strengthening of the bearish sentiment and the transition of the pair to a sideways trend in the 0.9960-1.0050 channel. In the event it breaks the lower border of the channel, it is possible that the pair will go down to the 0.9870-0.9900 area. As for the medium-term objectives, 75% of analysts still expect the pair to rise to the height of 1.0330.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
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Re: NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

Postby Julia NordFX » Sun Feb 26, 2017 4:53 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 27 February - 03 March 2017
First, a review of last week’s forecast:

- Recall that, when giving the medium-term forecast more than 70% of analysts voted for the strengthening of the dollar and the fall of EUR/USD. They were actively supported by trend indicators and oscillators on D1. As for the weekly forecast, according to graphical analysis, the pair was expected to once again test the minimum at the level of 1.0500, and then turn around and start a sharp ascent. Those traders who made use of these findings were able to get a good profit. Exactly by the middle of the week the pair found the local bottom at 1.0493, which was followed by its northwards rebound. However, the pair did not reach the expected horizon of 1.0850, but those 125 points, for which it went up, managed to deliver the bulls a significant profit;

- The forecast for GBP/USD warned that if the pair failed to overcome the support at the centre line of the large-scale side corridor, where it had been residing since October 2016, its rebound to the resistance at 1.2550 was possible. Things played out exactly like that: after failing in several attempts to break the level of 1.2400, the pair rose and spent the first half of Friday in the 1.2540-1.2565 area, before retreating to the Pivot Point of the last three weeks in the area of 1.2450;

- The opinions of analysts and indicators about the future of USD/JPY radically diverged last week. If the former had expected the pair to rise, the latter were determined that it would fall. Both appeared to be right. At first, the pair rose by 100 points. It then proceeded to drop by 165 points, returning to the values of the end of January/ beginning of February this year and vindicating the ambiguity of the latest forecasts in the process;

- USD/CHF. As is often the case, last week this pair chose not to play its own "game" and simply mirrored the behaviour of the EUR/USD, confirming the confidence of the market that the dollar will strengthen. As a result, by the middle of the week the pair reached a height of 1.0140, after which the bulls’ strength weakened and it completed the week’s session near the strong support level of 1.0075, which is easily visible on the D1 and W1 charts.

***
Forecast for the coming week:
Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

- 75% of experts believe that EUR/USD will fall to the 1.0340 zone, where it had already been in December 2016, if not next week then certainly in March. 100% of trend indicators and oscillators on D1 agree with this forecast. As for short-term forecasts, the oscillators on H4 have taken a neutral position, and graphical analysis indicates a possible temporary rise to the resistance of 1.0680;

- GBP/USD. 65% of analysts are still siding with the bears here. According to their forecast, the pair still has to fall to the lower boundary of a five-month side corridor at 1.1985-1.2720. As for graphical analysis, it says that, seeing as the pair has failed to break through the centre line of the channel, it may now spend some time oscillating in the 1.2400-1.2720 range, after which it will still end up rushing to the January lows;

- It is clear that, in predicting the future of USD/JPY, all indicators point to the south. The main support is in the area of 111.60. However, the opinion of 70% of experts and graphical analysis on D1 is strictly opposite to the above. According to them, the pair should rise to the level of 114.00, before possibly ascending even higher to 115.60;

- As for the last pair of our review, USD/CHF, 70% of experts and 85% of indicators vote for the bulls’ victory and the growth of the pair to the 1.0150-1.0180 area. An alternative point of view is represented by graphical analysis, according to which, the pair is expected to move laterally dominated by bearish sentiment in the coming days, before gradually descending to 1.0000, or, potentially, even lower to the support at 0.9965.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/
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