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

Postby Julia NordFX » Sat Mar 04, 2017 8:42 pm

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

First, a review of last week’s forecast:
- EUR/USD. Many top traders have complained, with these complaints even being audible in the media, that there is a distinct lack of clear trends for this pair. They are right: it has been impossible to identify a winner in the perennial bull-bear struggle for two continuous weeks so far. The moment it seems the former will start dominating, the pair rises to 1.0630, the situation changes and the euro weakens, dropping the pair to the support level at 1.0500. Because of this uncompleted struggle, the pair finished the week in almost the same place where it started back on February 20: at 1.0622;

- Giving the forecast for GBP/USD, most analysts sided with the bears last week. They were right. The pair really rushed southwards in attempt to reach the lower boundary of the five-month side corridor 1.1985-1.2720. Again as expected, it froze its movement near the channel's centre line, stopping just below 1.2300 on Friday evening;

- Recall that the opinions of 70% of experts and the readings of graphical analysis on the future of USD/JPY were that the pair should rise to 114.00, or even higher. This forecast can be considered almost entirely fulfilled. On Friday evening, the pair reached a height of 114.75, before rushing back to marks in 114.00 area, where it met the end of the working week;

- With regard to USD/CHF, here 70% of experts and more than 85% of indicators voted in favour of the bulls' victory and a growth of the pair to the level of 1.0150. An alternative view was put forward by graphical analysis, according to which at the beginning of the week the pair was expected to move laterally with a predominance of bearish sentiment, declining to the 1.0000 support level. That is exactly what happened: having fixed the bottom on Tuesday February 28 at 1.0000, the pair turned and rushed upwards, managing to reach the height of 1.0146 by Thursday. As for the end of the week, here a mirror imitation of EUR/USD took over and the pair fell exactly to where it had started on Monday: 1.0073.

***
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 EUR/USD upwards jump at the end of the last week's session of more than 100 points surprised many. However, despite this, more than 70% of experts expect the dollar’s growth to continue and the pair to decline to the 1.0400 area. Graphical analysis on D1 also agrees with this development. H4, however, suggests that the pair may make another leap northwards and reach the height of 1.0680. This view is shared by the remaining quarter of analysts. It is possible that their expectations are associated with a negative forecast on the change in US employment (NFP), the data for which will be announced on Friday, 10 March. According to forecasts, the number of new jobs outside the agricultural sector could decline from 227K to 170-175K;

- GBP/USD. Here, about 80% of analysts and the same proportion of trend indicators and oscillators are still siding with the bears. According to their forecast, the pair’s immediate goal is the 1.2100-1.2145 area. The opposite view is expressed by graphical analysis on H4, according to which, having reached the local bottom at 1.2200, the pair may rebound and return to the 1.2400-1.2560 zone;

- USD/JPY. The dollar is also expected to strengthen against the Japanese yen. This forecast is supported by 65% of analysts and over 80% of indicators, who believe that the pair must first climb to 116.00, before proceeding to jump upwards by another 100 points. Having said that, graphical analysis on D1 indicates that, upon meeting the resistance in the 117.00-117.50 area, the pair could turn around and descend to its current value at 114.00. This version is supported by the oscillators, some of which show that the pair is overbought;

- As for the last pair of our review, USD/CHF, the forecast for it can be summarised by "To the North and only northwards!" Almost 90% of analysts and 70% of indicators on D1 support this direction. The task is to break the 1.0140 resistance and rise to 1.0210. The remaining 10% of analysts suggest a sideways trend. The number of believers in the pair’s fall seems to be zero. This zero is a particular cause for concern – such occasions often deliver traders unpleasant surprises. However, the pair will, most likely, mirror the underlying trend, set by EUR/USD.

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 Mar 11, 2017 6:41 pm

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

First, a review of last week’s forecast:

- Even though the ECB decided to leave the interest rate unaltered and the number of new jobs outside the agricultural sector in the United States remained virtually unchanged (235K vs. 238K), the bulls still managed to push EUR/USD to the goal that had been set by a quarter of analysts and graphical analysis on H4. Recall that 1.0680 was named as a target. The pair reached it just 3 hours before the end of the week’s session, and then finished the five-day period at the level of 1.0675;

- The forecast for GBP/USD has come true with an accuracy of 100%. About 80% of the analysts and the same amount of trend indicators and oscillators sided with the bears last week. They were right in suggesting that the pair would definitely fall to the 1.2100-1.2145 area, where it turned out to be on Wednesday, 8 March, and where it spent the rest of the week with a support level at 1.2140;

- USD/JPY. Here most analysts and technical analysis predicted the pair would grow as it strove to reach the height of 116.00. As expected, the pair indeed rushed northwards. But, short of the cherished target by just 50 points, it turned around and finished at 114.75, which can be considered Pivot Point of the last four months and the top border of the side channel, in which the pair has remained for the last eight weeks;

- Regarding USD/CHF, the forecast for this pair was: "To the north and only northwards!". The pair did, starting from Monday, rush strictly upwards. However, it failed to complete the set task of breaking the resistance 1.0140 and then rise to 1.0210, having only reached the height of 1.0170. After that, the pair, following the example of EUR/USD, reversed the trend and, having turned to the south, fell to 1.0105.

***
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 EUR/USD, the clear majority of indicators on H4 and D1 points to the growth of the pair. As for the larger timeframes, here the forecast changes: on W1it is neutral, and on MN strongly recommends to sell the pair. Furthermore, many oscillators on D1 show that the pair is overbought. A similar position is taken by about 85% of experts, supported by graphical analysis. According to their forecast, the pair must first descend to the level of 1.0600 and then even lower to the lows of February and March in the 1.0500-1.0520 zone. It should be noted, however, that on Wednesday, 15 March, a lot of important news from the USA is expected, which may affect the formation of the trend;

- It is difficult to give a forecast about the behaviour of GBP/USD for the coming week. Even though more than 90% of indicators point southwards, they are supported by only 40% of experts. The greater part of them, along with graphical analysis on H4, sides with the bulls, believing that the pair has reached a local bottom and now it is expected to rebound upwards to at least the 1.2250-1.2300 resistance area. The next resistance is at 1.2385, whilst the support is 1.1985. The following important events should be noted for this pair: the possibility of the Brexit procedure starting on Tuesday, 14 March and the decision of the Bank of England on interest rates on Thursday, 16 March. These will likely remain unchanged at 0.25%;

- Also the interest rate for the Japanese yen will be known on 16 March. In the meantime, analysts' opinions are divided exactly in halfway: 50% believe in pair's growth and 50% in its fall. Technical analysis, however, demonstrates rare unanimity: almost 100% of trend indicators, oscillators and graphical analysis expect the growth of USD/JPY. If their forecast is correct, starting from the support of 114.75, the pair still has to reach the height of 117.00-117.20. An alternative point of view suggests that the level of 114.75 is the upper border of the eight-week long side channel and the resistance that the pair will not be able to overcome. Thus, it will descend - first to the support 112.60 and then 100 points lower, reaching the bottom at the lower boundary of the channel;

- As for the last pair of our review, USD/CHF, 80% of analysts and trend indicators on D1 believe that the downwards rebound of the pair was temporary and that it will once again strive upwards to 1.0210. In the event that there is a break through the channel's lower border, the pair will likely fall to the 0.9966-1.0010 zone. However, in the medium term, it is still expected to grow: more than 70% of the experts name the 1.0330 highs of last December as the goal.

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 Mar 19, 2017 8:20 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for March 20 - 24, 2017

First, a review of last week’s forecast:

- The first part of the forecast for EUR/USD talked about the fall of the pair to 1.0600, which ended up happening by Tuesday evening. The fate of its future, as had been expected, was determined by the plethora of news from the USA on March 15. The Fed's decision on the interest rate, J. Yellen's press conference, and President D. Trump’s speech deployed the pair northward, as a result of which it approached December 2016-January 2017 highs in the 1.0775-1.0830 zone;

- Giving a forecast for GBP/USD, 60% of experts, along with graphical analysis on H4, sided with the bulls. They considered that the pair had already reached the local bottom and was now awaiting a rebound upwards to the resistance of 1.2300, and beyond to 1.2385. The forecast proved 100% correct, with the pair completing the week at 1.2400;

- USD/JPY. Here, the opinions of analysts were divided exactly halfway - 50% were in favour of the growth of the pair and 50% were for its fall. The argument of the latter was that 114.75 constituted the upper boundary of the eight-week lateral channel and was impenetrable as a resistance level, as a result of which the pair would have to go down to the support at 112.60. This scenario occurred with 100% accuracy.

- As for USD/CHF, despite the bullish mood of most experts, the forecast foresaw the possibility of a breakdown of the lower boundary of the six-week upward channel, which was what happened due to the decision, forecasts and comments of the US Federal Reserve. In the event of such a development, it had been assumed that the pair would find its local minimum at 0.9966. It was in this zone that the pair ended up completing the weekly session.

***
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:

- Although 15% of oscillators on D1 indicate the EUR/USD is overbought, the overwhelming majority of indicators points strictly northwards. Analysts' opinions are divided almost equally, 40% support the growth of the pair, 40% its fall, and 20% foresee a sideways trend. Graphical analysis on D1 offers the compromise view. According to this, the pair will be moving in the 1.0640 - 1.0850 channel in the near future. At the same time, graphical analysis on H4 also spells out a strong support level at the horizon of 1.0700. When it comes to the medium-term forecast, 70% of experts expect the pair to fall to February lows in the 1.0500 zone, and possibly 150 below that;

- In contrast to the previous pair, almost 30% of the oscillators on both H4 and D1 indicate that GBP/USD is overbought. This bearish stance is supported by about 65% of experts and graphical analysis on H4. In their view, the pair has reached the local maximum and they now expect it to decline to 1.2100. An alternative scenario is possible in case of breakthrough of resistance 1.2400. In this case, the pair will begin a lateral movement in the 1.2385-1.2570 range. At the same time, 10% of analysts believe that it may even rise to 1.2700;

- USD/JPY is now close to the strong medium-term support level of 112.60. That is why the majority (60%) of experts expect its rebound to the upper boundary of the side channel of 2017 in the area of 115.00. However, graphical analysis warns that before the start of the rise the bears may take over for a certain period. Because of that, the pair would fall to the February-March lows of around 111.60;

- As for the last pair of our review, USD/CHF, apparently, its fall last week made a strong impression on the experts. 70% of them expect it to continue plummeting to at least the support at 0.9870-0.9900. However, afterwards, according to the overwhelming majority of these experts, the pair will resume an uptrend and rush back upwards to 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 Mar 26, 2017 10:40 am

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 27 - 31 March 2017

First, a review of last week’s forecast:

- Speaking of the EUR/USD last week, analysts were not able to give a clear forecast. Indeed, the pair behaved quite sluggishly, and neither the meeting of the ECB, nor the speech of the Head of the Fed, nor even the Trump administration’s landmark vote in the US Congress on the healthcare reform and repeal of Obamacare, could make it more dynamic. The pair's volatility kept within 100 points. As it turned out, the most accurate forecast was given by graphic analysis, denoting a strong support at the 1.0700 horizon (in reality, the pair dropped to 1.0720) and the 1.0850 resistance (in reality, there followed a rise to 1.0824);

- Regarding the forecast for GBP/USD, the alternative scenario occurred, supported by 35% of the experts. As they expected, the pair continued the upward trend and climbed up to 1.2530, and came close to the highs of this February;

- USD/JPY. Here, graphical analysis, along with 40% of analysts, expected a fall of the pair to the lows of February-March in the area of 111.60. However, the bears’ striving towards the south was so strong that they were able to break through this support and push down the pair by another 100 points. After that the bears ran out of strength, and the pair passed into the sideways trend within the range 110.62-111.57;

- Evaluating the future of the pair USD/CHF, most experts agreed that it would continue to decline to the area of 0.9870-0.9900, and this forecast was correct by 100%. On Wednesday 22nd March the pair reached the local bottom at 0.9880, and completed the week-long session at around 0.9911.

***
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:

- EUR/USD. At the end of last week, the pair almost reached the upper border of the corridor, which was launched back in November 2016. That is why most experts (60%), supported by graphical analysis and oscillators on D1, believes that a further growth of the pair, although possible, will be negligible, and, having reached the 1.0850-1.0900 area, it is sure to make a U-turn towards the south. According to the remaining 40% of analysts, the bulls have run out of strength and in the next week the pair is expected to decrease first to the level of 1.0650, and then even lower - to the support of 1.0520;

- A similar forecast can be made for the GBP/USD. It is possible that for some time the pair may stay in the range of 1.2420-1.2570, but then, according to 85% of analysts, it will fall to the March lows in the 1.2100-1.2200 area. One should bear in mind that on Wednesday March 29th the British government is expected to launch the Brexit process and the reaction of major players in the market at that point in time could produce some surprises to traders;

- When forecasting the future of USD/JPY, indicators, supported by graphical analysis on D1, vote for the downward trend to continue and for the pair to go down to the 108.00-109.00 zone. As for the experts, opinions are divided equally – half support the fall, while half support the growth of the pair. If we take a look at the medium-term forecast, supporters of the movement to the north prevail significantly - about 75% of analysts vote for the pair's return to the upper boundary of the 2017 sideways channel at the height of 115.00-115.50;

- As for the USD/CHF pair, both experts and graphical analysis expect that it will continue to mirror the behaviour of EUR/USD. Thus, it is not excluded to temporarily go down to the 0.9860-0.9880 zone with a subsequent rise in an attempt to reach a height of 1.0330. About 70% of analysts voted for such a scenario.

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 Apr 01, 2017 7:58 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 - 07 April 2017
First, a review of last week’s forecast:

- The forecast for EUR/USD proved to be 100% accurate. Recall that the main scenario we laid out was the following: the pair’s continued growth was seen to be entirely possible albeit negligible in magnitude. Once it reached the 1.0850-1.0900 area, it would U-turn to southwards. We named 1.0650 as the nearest support. Everything occurred exactly as described: reaching the height of 1.0905 as early as Monday, the pair turned sharply and flying with a little breather 255 points, finished the week at the mark specified by experts - 1.0650;

- In the forecast for GBP/USD, analysts pointed out that the pair may stay in the 1.2420-1.2570 channel for a while. In fact, the borders of this channel ended up being 45 points wider: within a couple of weeks, the pair ranged from the minimum of 1.2375 to 1.2615 at the maximum, ending the session near a strong medium-term level of resistance in the 1.2550-1.2570 zone;

- Giving the forecast for USD/JPY, half of the experts supported the pair’s fall, and the other half its growth. That was exactly what happened. Having broken the strong support at 111.60 two weeks ago, the pair sank to 110.10 last week. It then turned around and returned to the very same support level, which now put a different hat on and became a resistance level;

- Assessing the behaviour of the pair USD/CHF last week, experts agreed that it would once again mirror the graph of the EUR/USD fluctuations. Once again, they were right: dropping to 0.9813 on Monday, the pair then turned and, having overcome 217 points, reached the height of 1.0030 on Friday.

***
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:

- EUR/USD. More than 80% of experts vote for the pair displaying a downwards trend, indicating the 1.0600 support as the nearest target. After that, the pair is likely to descend to 1.0525, and then even lower to the lows of February and March around 1.0495. At the same time, about one third of oscillators indicate that the pair is oversold. Connected with this there might be a temporary correction and an upwards rebound of the pair to the 1.0750-1.0775 zone. This is confirmed by the readings of graphic analysis on H4. The existence of negative expectations for the US dollar is also associated with changes in the United States employment rates(NFP), the data for which will be announced on Friday, 7 April. Thus, according to some forecasts, the number of new jobs outside the agricultural sector could diminish from 235K to 175K;

- Whilst the opinions of analysts and technical analysis on the previous pair mostly coincide, their discrepancy is jarring when it comes to GBP/USD: more than 90% of indicators point to the growth of the pair, whilst over 80% of experts continue to insist on its fall. The trends for this pair will most likely be determined by rumours about the terms of the UK’s exit from the EU for a quite some time. The support levels for next week are 1.2375, 1.2200 and 1.2110, whilst the resistance levels are 1.2675 and 1.2725;

- Predicting the future of USD/JPY, both trend indicators and oscillators alongside with graphical analysis on D1 point to the pair’s lateral movement in the 110.10-112.75 channel. Analysts, however, display a steady rise in bullishness amongst their ranks: at the time of writing the forecast the proportion of bull supporters has already exceeded 70%. 113.55 and 115.20 are named as the main targets;

- Supporters of the growth of USD/CHF now also exceed 70% of analysts: they name 1.0100 as the short-term target, with the next one being 1.0170. As for graphical analysis, its readings on H4 show that the nearest support level is 0.9980, followed by 0.9950, and that the week’s bottom-point is in the 0.9920 area.

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 Apr 09, 2017 12:09 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 10 - 14 April 2017

First, a few words about the forecast for the previous week, which has been fulfilled if not by 100, then by 90 percent for all four pairs:

- Regarding the forecast for EUR/USD, it proved to be 100% accurate. Recall that over 80% of experts voted for the downward trend for this pair, indicating the 1.0600 support as a target. This was reached by the end of the week. However, we had also voiced some negative sentiment concerning the dollar in connection with the fall in US employment numbers (NFP). This also materialised, but the bullish force in this case was only enough to lift the pair to 1.0666. A minute later, it returned to the general trend and continued to fall;

- As for the forecast for GBP/USD, the analysts once again turned out to be right. 80% of them insisted on its fall, indicating 1.2375 as the nearest support level. The pair ended last week’s session next to precisely this level;

- Predicting the future of USD/ PY, trend indicators, oscillators, and graphical analysis all indicated the lateral movement of this pair in the 110.10-112.75 channel. This prediction also came true, with a small correction caused by the fact that the oscillation range was slightly smaller than expected, being 110.12-111.58;

- The proportion of supporters of USD/CHF growth among experts exceeded 70%, and 1.0100 was named as a target. Indeed, the pair started rushing up since mid-Monday. By Friday evening it conquered the height of 1.0096, short of the cherished mark by just 4 points.

***
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:

- EUR/USD. The number of supporters of the idea that the pair can rebound from the horizon 1.0600 is growing, and 40% of experts already believe that it should at least temporarily rise to 1.0750. This version is supported both by graphical analysis on H4 and D1, and by oscillators, about half of which indicate on H4 that the pair is oversold. As for the medium-term forecast, over 75% of analysts look southwards awaiting the pair to drop to the 1.0400-1.0500 zone, and perhaps even lower;

- Assessing the prospects of GBP/USD, more than 70% of experts sided with the bears. Both indicators and graphical analysis agree with this point of view, naming 1.2330 as the nearest support level. The next support level is in the 1.2240 zone. It should be noted that the pair is currently in a zone with rather strong medium-term support, which also comprises the Pivot level for the side channel 1.1980-1.2730, which was laid out last October. Thus, we cannot exclude its rebound to the 1.2450-1.2500 area.

- If last week 70% of analysts spoke of the growth of USD/JPY, their number has now increased to 90%. The targets remain identical: 112.00 and 113.55. However, the pair will be able to reach these targets only at the end of April or in early May. As for the immediate future, everybody — experts, graphic analysis and indicators — expects the pair to retest the local bottom at 110.00;

- Elation continues to reign in the camp of USD/CHF growth supporters, which currently includes approximately 75% of experts. The next targets after the pair reaches the 1.0100 mark are identified as 1.0170 and 1.0215. An alternative point of view is voiced by about a quarter of analysts and graphical analysis on H4. According to them, the pair will continue to move downwards in the medium channel (clearly visible on D1 and W1, started in December 2016) and will shortly start striving towards its centre line in the 0.9950 vicinity.

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 Apr 22, 2017 11:49 am

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 24-28 April 2017

First, a review of last week’s forecast:

- In the opinion of almost half of the experts (40%), supported by graphical analysis on H4, the pair EUR/USD, which has been moving in the medium-term rising channel that began in December 2016, had been expected to rise to 1.0690, and then by yet another 130 points. It turned out that the pair indeed immediately went northwards, starting from Monday; on Tuesday, it broke through the resistance at 1.0690 and, having turned it into a support level, the pair reached 1.0780. After this, the bulls’ energy dried up, and the pair returned to the 1.0690 zone by the end of the week’s session;

- A rebound had been expected for GBP/USD. Most analysts, supported by oscillators and trend indicators, had been inclined towards the view that the pair’s upward propulsion had not yet been exhausted and that it could reach the height of 1.2705. Not many expected the powerful support British Prime Minister Teresa May gave the bulls in announcing snap parliamentary elections. Because of such support, the pair soared almost 400 points, only stopping at 1.2904. After that, it turned and slowly descended to the strong Pivot level which the pair has been fluctuating since June 2016;

- USD/JPY. Here there was a discrepancy between the weekly and the medium-term forecasts: the former pointed southwards, the latter to the north. As a result, the pair moved in the side channel 108.10 -109.20 for almost the entire week, dominated slightly by bullish trends. It was the bulls who tried to break the upper boundary of this channel at the end of the week. However, this breakthrough was unsuccessful, since, having risen by only 30 points, the pair quickly returned to the sideways corridor;

- Unlike EUR/USD, USD/CHF reacted rather violently to the British Prime Minister’s announcement. Whilst half of the experts along with the oscillators had expected its fall to the level of 0.9980, in reality the local minimum ended up being 40 points lower. However, the pair "changed its mind" afterwards and returned to where the analysts had indicated: the zone 0.9980.

***

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 based on a wide variety of technical and graphical analysis methods, we can say the following:

- The ECB and the Bank of Japan rate decisions should prove unsurprising. The presidential elections in France, however, may cause increased volatility. It is also possible, though, that there will be no sharp exchange rate jumps, especially if the vote reaches the second round. Uncertainty related to these elections has led to uncertainty in experts’ opinions. Thus, in giving their weekly forecast for EUR/USD, one third of them thought the pair will grow, one third has spoken of a fall and one third of a sideways trend. If we now turn to the medium-term forecast, here already 65% of experts, supported by graphical analysis, vote for the pair falling, indicating 1.0500 and 1.0350 as target levels. An alternative view is represented by 35% of analysts and indicators on D1, according to which the pair must return to the highs of February-March 2017;

- In the medium term, nearly 85% of experts continue to expect GBP/USD to fall (support levels are 1.2575, 1.2490, 1.2365). As for the immediate future, the situation is different: only 30% of analysts vote for its fall. The others expect it to return to the previous week’s highs and to fix in the 1.2900-1.3000 area. Both graphical analysis on H4, and indicators on D1 agree with this prospect. Only 10% of oscillators yet indicate that the pair is overbought;

- There still remains an obvious discrepancy between the week-long and medium-term forecasts for USD/JPY as well. So, if in the short term 60% of analysts speak about its fall, the monthly and quarterly forecasts are oriented northwards. The targets are the same: 112.00 and 113.55. As for technical analysis, graphical analysis and oscillators on H4 show the continuation of the pair's lateral movement in the 108.30-109.50 channel;

- Regarding USD/CHF, the battle here is between experts and indicators. 80% of analysts believe that the pair is sure to grow to the 1.0000-1.0100 zone, and 85% of oscillators and trend indicators on D1 expect it to drop. A compromise is offered by graphical analysis, which points first to the growth of the pair to 1.0050 and then to its fall to the local minimum of 0.9940.

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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Postby Julia NordFX » Sun Apr 30, 2017 1:38 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 01 - 05 May 2017

First, a review of last week’s forecast:

- When giving the forecast for EUR/USD, 35% of experts and indicators on D1 insisted that it should return to the highs of February and March 2017. This is what happened in response to the first round of the French presidential elections. Having established an impressive gap at the opening of the weekly session, the pair rose to 1.0900, where it spent the whole week, turning this level into a Power Point;

- after an inspiring leap upwards on 18 March, GBP/USD reacted calmly to the elections in France: there were no gaps and, instead, there was a smooth increase by 180 points during the week. The roots of this growth are at the support at 1.2775, which used to be the upper limit of six-month long side channel;

- The French elections tsunami has reached the Japanese islands and has swept USD/JPY towards a strong medium-term support / resistance level around 111.60. It should be noted that analysts have long expected the growth of the pair to 112.00, to which it came very close: it checked out on Wednesday at the height of 111.77;

- The gap at the beginning of the week gave additional strength to the bears. Hence, the pair USD/CHF continued its downward trend, which began on April 10. The pair fell by almost 100 points, reaching the local bottom at 0.9893, and then it turned and finished the week at the level of 0.9950.

***

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 based on a wide variety of technical and graphical analysis methods, we can say the following:

- Regarding the indicators, in predicting the future of the EUR/USD, more than 80% of them are oriented northwards, pointing to 1.1120 as the target height. However, one third of oscillators on D1 have already indicated that the pair is overbought. Expert opinions regarding its nearest future are almost equally divided: 35% foresee the growth of the pair, 30% anticipate its fall and 35% predict a sideways trend. But in the medium term, the picture is quite different: here, 80% of experts vote for the fall of the pair to an initial support 1.0680 and a subsequent one of 1.0570;

- GBP/USD. It is for the second week running that the pair moves in the corridor that separates the two side channels: the upper one of July-October 2016, and lower one of October 2016 - April 2017. 65% of the experts believe that the pair will be unable to overcome the resistance of 1.3055 and will return to the channel’s lower boundary as early as in the first half of May. Support levels are 1.2570, 1.2375 and 1.2130. An alternative point of view is supported by 35% of analysts who predict that the immediate goals for the pair are 1.3370 and 1.3445. As for the graphical analysis, on H4 it points to a sideways trend in the range of 1.2775-1.3055;

- USD/JPY. Finally, analysts' opinions are aligned with the indicator readings, and more than 80% of them predict a continuation of the upward trend for this pair. The main goals are 113.55 and 115.50. This does not exclude a short-term slide of the pair to the 110.00 horizon;

- as often happens, the future of USD/CHF represents a mirror image of the EUR/USD. And if, in the short term, 75% of experts speak about the continuation of the downward trend, when giving a medium-term forecast 70% of them see growth. There are support levels at 0.9920, 0.9890 and 0.9820. The target heights are 1.0000 and 1.0100. As for graphical analysis, on H4 it points to the growth of the pair to 1.0040 in the coming days.

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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Postby Julia NordFX » Sun May 07, 2017 3:15 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 08 - 12 May 2017

First, a review of last week’s forecast:

- Recall that the experts’ opinions on EUR/USD a week ago were divided almost equally: 35% supported the growth of the pair, 30% voted for its fall and 35% foresaw a sideways trend. At the same time, more than 80% of indicators were oriented to the north: they turned out to be right. The ECB President Mario Draghi' s speech, coupled with optimism about the second round of elections in France, provided the euro with such strong support that this pair chose to ignore even very positive data on the US labour market published on Friday 5 May. Thus, the pair finished the week session near 1.1000, having risen by about 100 points in five days;

- GBP/USD. 65% of experts, together with graphical analysis on H4, suggested that the pair would fail to overcome the resistance of 1.3055 and would stay in the side channel 1.2775-1.3055 for the entire week. This forecast proved to be quite accurate, although the pair's fluctuations proved even more sluggish than expected: as a result, the pair did not even manage to leave the 1.2830-1.2983 range;

- The forecast for the future of USD/JPY was surprising because of the fact that analysts' opinions coincided with indicator readings, which was something we had not seen for quite some time: more than 80% of them predicted a continuation of the uptrend for this pair. The forecast was 100% correct. Already on Thursday, having risen by 185 points, the pair managed to reach 113.00;

- The forecast for USD/CHF also turned out to be correct. The absolute majority of experts (75%) insisted on the continuation of the downtrend, identifying the levels of 0.9890 and 0.9820 as support levels. Thus, the pair fixed the local bottom near the middle of this range at 0.9858, and finished the week session at 0.9870.

***

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 forecast for EUR/USD resembles the one that was given last week. More than 90% of indicators point northwards, while at the same time one third of oscillators on D1 signal the pair is overbought. As for analysts, a good 65% of them believe that the pair will try to secure a position above 1.0930 and 1.0850. And, just like last week, the medium-term forecast directly opposes the weekly one: here more than 60% of experts still expect the pair to fall into the 1.0400-1.0600 zone;

- Analysts express a similar opinion about the future of GBP/USD. The forecast for the coming days is as follows: 60% predict the growth of the pair, 40% predict its fall. The medium-term forecast, meanwhile, has 75% standing behind the fall of the pair and only 25% foreseeing its growth. Graphical analysis and almost 80% of trend indicators and oscillators agree with both the short and medium-term outlooks. The target for the coming days is the 1.3100-1.3150 zone, and the support levels are 1.2835 and 1.2770. In the medium term, we can expect a drop to the levels of 1.2570, 1.2375 and 1.2130;

- USD/JPY. The majority (60%) of experts believe that, seeing as the pair has reached the upper boundary of the descending channel that began at the end of December 2016, it should now be expected to descend. Graphical analysis on H4 and D1 agrees with such a forecast: according to its readings, the pair can fall first to 111.55, and then, after a short rebound, even further southwards to the 108.50 mark. An alternative point of view is represented by 40% of experts who, along with the indicators, expect the pair to grow to 115.00;

- Once again, the future of USD/CHF is expected to be a mirror image of EUR/USD: it will first go southwards to the support level of 0.9800, and then perform a 180-degree turn in order to return to the 1.0000-1.0100 zone. This scenario is supported by about 70% of analysts. However, in addition to the elections in France, whose results we expect to be announced on Monday, the second half of the week will also be filled with important economic and political events that are likely to affect the world’s major currencies. Thus, the most pessimistic forecast for the US dollar, supported by 30% of experts, does not exclude the fall of USD/CHF to 0.9550.

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 May 14, 2017 12:54 pm

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 15 - 19 May 2017

First, a review of last week’s forecast:

- Recall that the experts' forecasts regarding the behaviour of EUR/USD in the short and medium term were fully opposed. Thus, in the first case, most of them favoured the growth of the pair, whilst in the second they favoured its fall. And, as it often happens, the medium-term forecast turned out to be the most accurate: until Thursday, the pair moved in a downtrend, losing more than 180 points over this period. However, on Friday, data on retail sales in the US was released, which played into the hands of bulls: instead of the expected 0.6%, consumer spending growth was only 0.4%: as a result, the pair drastically launched northwards and froze near the strong medium-term resistance line at 1.0932;

- A similar discrepancy among analysts was observed with respect to the future of GBP/USD. Apart from that, it was projected that the nearest support was at the level of 1.2835, and the resistance was 1.3100. However, just like two weeks ago, the pair ended up behaving more calmly than expected; it stayed within 1.2843-1.2986;

- For almost two months we have been stating in each of our forecasts for USD/JPY that experts are expecting its return first to 113.55, and then to 115.00. The pair has finally conquered the first of these heights and came close to the second one, reaching 114.36 just this week. After this victory, the strength of the bulls dried up, and the pair retreated downwards by 100 points, finishing the week at 113.35;

- An absolute majority (70%) of analysts expected the pair USD/CHF to return to the 1.0000-1.0100 zone. This forecast turned out to be 100% true: the maximum of this week ended up being 1.0098, and the pair met the end of the week’s session at 1.0007.

***
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:

- EUR/USD. The calendar for the upcoming week is not marked by any special economic or political events. This might be the reason why more than 50% of analysts, supported by almost half of the oscillators at D1, predict a lateral movement of this pair. The second fairly large group of experts (about 40%) believes that the pair will again test the height of 1.1000. 10% of experts still believe, though, that the pair will immediately head to the south. Interestingly, their point of view is supported by graphical analysis and almost half of the oscillators on H4, which indicate that this pair is overbought. Moreover, in the medium term, 65% of analysts expect it to fall. The nearest support is 1.0850, the medium-term goal is to return to the 1.0500-1.0680 zone;

- As for the future of GBP/USD, here the trend indicators on D1 insist on the continuation of the sluggish-upward trend, which began in the last decade of April. 30% of experts agree with this point of view, believing that the pair must necessarily break the 1.3000 barrier. An alternative point of view is represented by 70% of analysts, 60% of trend indicators and 90% of oscillators on H4. All of them insist it is best to start selling this pair and suggest the nearest support is 1.2755. If we look at the medium-term forecast, the number of bear supporters among the analysts already exceeds 80%; 1.2100 is declared the main target.

- USD/JPY. After this pair’s impressive spurt upwards in the first half of last week and a sufficiently strong retracement in the second, the indicator readings turned out to be diametrically opposite: on D1, they recommend buying the pair, whilst on H4 they recommend selling. Analysts cannot come to any consensus either: one third of them predict the fall of the pair, another third its growth, and the remaining third foresee a sideways trend. At the same time, about 60% of experts believe that, leaning against the support in the 111.60-111.79 zone, the pair still should try to conquer the height of 115.50 in the next few weeks;

- The last pair of our review, as usual, is USD/CHF. Just like its chart for the past week ended up being similar to the USD/JPY chart, so are the forecasts of the indicators regarding its future: D1 advises to buy and H4 advises selling. As for the experts and graphical analysis, in their opinion, the pair will first have to drop to the 0.9940-0.9960 zone, then claw its way back to 0.9990, before finally returning to the 1.0050-1.0100 area once again.

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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