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Generalized Forex Forecast for 16-20 February 2015


Forecast%2016-20%20Feb15_zpspxwevqxc.png


Generalizing the opinions of 35 analysts from world leading banks and broker companies plus forecasts based on different methods of technical and graphical analysis, I’d like to point out that green and black colours prevail in the table this week. This means that all the pairs are expected to be in a sideways trend with an aspiration to move upwards :


EUR/USD is very likely to carry on with its drive to reach the 1.1550 mark. Nevertheless, there’s a chance that in the first couple of days the pair will go down to 1.1340, bounce off it and then move upwards;

the GBP/USD pair can be expected to fall to the level of 1.5300-1.5340 and then rebound to 1.5550;

the USD/JPY pair’s strong support is 118.40. After bouncing off it, the pair may charge up to around 121.00. However, this may not happen immediately but only in the last ten days of February;

the forecast for USD/CHF remains as before – a further sideways trend with prevailing bullish tendencies, the nearest target being 0.9400. Bear mind though that in the medium term the pair may break through support at the level of 0.9200 and sharply go down to around 0.9000 where it was at the end of January.

 



Last week’s forecast was confirmed almost 100% :


it was predicted that EUR/USD would be in a sideways trend with fluctuations around 1.1325, followed by a rise and a move towards 1.1550. The pair did just that – it finished the sideways trend on Friday and shot upwards. However, the level that the pair reached turned out to be a bit more modest – 1.1443;

a similar scenario was suggested for the GBP/USD pair. The forecast was fully confirmed, and by the end of the week, the pair reached the target at the level of 1.5400;

the USD/JPY pair also fully complied with our predictions. It got to 120.00 by the middle of the week and rolled down by 200 points;

no surprises with the USD/CHF pair either – as predicted, it was in a sideways trend all week long, with prevailing bullish tendencies under whose influence the pair regained 100 points.

 




Roman Butko, NordFX


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Still looking for a reliable broker ???


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Guest Julia NordFX

Generalized Forex Forecast for 16-20 February 2015

Generalizing the opinions of 35 analysts from world leading banks and broker companies plus forecasts based on different methods of technical and graphical analysis, I’d like to point out that green and black colours prevail in the table this week. This means that all the pairs are expected to be in a sideways trend with an aspiration to move upwards:

- EUR/USD is very likely to carry on with its drive to reach the 1.1550 mark. Nevertheless, there’s a chance that in the first couple of days the pair will go down to 1.1340, bounce off it and then move upwards;

- the GBP/USD pair can be expected to fall to the level of 1.5300-1.5340 and then rebound to 1.5550;

- the USD/JPY pair’s strong support is 118.40. After bouncing off it, the pair may charge up to around 121.00. However, this may not happen immediately but only in the last ten days of February;

- the forecast for USD/CHF remains as before – a further sideways trend with prevailing bullish tendencies, the nearest target being 0.9400. Bear mind though that in the medium term the pair may break through support at the level of 0.9200 and sharply go down to around 0.9000 where it was at the end of January.

Last week’s forecast was confirmed almost 100%:

- it was predicted that EUR/USD would be in a sideways trend with fluctuations around 1.1325, followed by a rise and a move towards 1.1550. The pair did just that – it finished the sideways trend on Friday and shot upwards. However, the level that the pair reached turned out to be a bit more modest – 1.1443;

- a similar scenario was suggested for the GBP/USD pair. The forecast was fully confirmed, and by the end of the week, the pair reached the target at the level of 1.5400;

- the USD/JPY pair also fully complied with our predictions. It got to 120.00 by the middle of the week and rolled down by 200 points;

- no surprises with the USD/CHF pair either – as predicted, it was in a sideways trend all week long, with prevailing bullish tendencies under whose influence the pair regained 100 points.

Roman Butko, NordFX

Forecast_16_20_Feb_15.png

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• Instant process, once deposit process completed the funds direct available in your NordFX account.


rupiah_zps23dad2ea.jpg




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NordFX is an online broker company that allows users to create accounts to trade forex online - www.nordfx.com.

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Generalized Forex Forecast for 23-27 February 2015


Forecast%2023-27%20Feb15_zpsoshexhur.png


Generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, it can be noted that this week major changes in the levels are not expected for any of the pairs and that all of them will be prone to sideways movements. However, here are some more specific trends :


EUR/USD is likely to continue to move towards 1.1550 and even to 1.1600 but most probably will be able get there only in early March. The main level of support for the pair will be 1.1265, from which it will push off;

the forecast for GBP/USD is a sideways movement in the range of 1.5340-1.5500. It’s noteworthy that indicators provide different readings here – some show a steady rise of the pair and others allow for its sharp fall to 1.5200 at the start of the week, followed by a rebound to 1.5400;

the strong level of support for USD/JPY will still be around 118.15-118.40, and the pair will carry on with its upward tendency. However, this week the target will be quite modest – 120.50;

the forecast for USD/CHF remains the same for a third week running – a further sideways trend with prevailing bullish tendencies and the nearest target at 0.9555. However, it’s not excluded that after breaking through the support level of 0.9200, the pair will rapidly fall to around 0.9000 where it was a month ago.

 



Last week's forecast was fulfilled if not 100%, then around 90% for sure. We had predicted a sideways trend with striving upwards for all four pairs :


as forecast, the EUR/USD pair fell just below the level of 1.1340 on Monday, bounced off it and rushed up to the desired heights. It didn’t reach the set target of 1.1550, though, and unable to pass the 1.1450 mark, it returned to the support level of 1.1340. The pair experienced such fluctuations several times and finished Friday at the level of the start of the week;

the GBP/USD pair behaved in exactly the same way. At first, according to our forecast, it plunged to 1.5340, then reached the upper levels of the sideways corridor and returned to Monday’s levels;

the USD/JPY pair was also really predictable, bouncing off the level of 118.40 and staying in its sideways trend. As expected, the assault of the level of 121.00 was postponed till later;

USD/CHF was predicted to have a sideways trend with a smooth rise to 0.9400. However, the bears turned out to be slightly stronger than expected, and the pair got to 0.9530 step by step. However, it reversed (to stay true to our predictions) and quickly fell to 0.9400 Friday evening, thanks to Greek Finance Minister Yanis Varoufakis’ contribution among other things.

 




Roman Butko, NordFX


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NordFX is a licensed and regulated international broker.

Trade in NordFX with fully satisfied quality services and server.


nordfx_zps6c06ed47.jpg


Company registration: Nord Group Investments Inc., (reg.# 082831 C1/GBL), Mauritius


Regulation: FSC of Mauritius (license No C108006311), IFSC Belize.


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stg2nrd_zpszvsbfg0l.png

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NordFX provided good option :


nord1906_zpsaf0c2c0c.jpg


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Generalized Forex Forecast for 2-6 March 2015


Forecast%202-6%20Mar15_zps1ks9f4od.png


Generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on various methods of technical and graphical analysis, it can be noted that this week, just like last week, the sideways trend will be dominating for all four pairs :


the corridor of 1.1170-1.1310 is most probable for the EUR/USD pair, although technical analysis indications are still contradictory. A number indicators point to bearish trends while some others show the opposite – the pair’s upward drive to 1.1450-1.1500;

the GBP/USD pair is predicted to fall to the level of 1.5000 and then further to 1.4810 during March. Short-term, the pair may rise and make another attempt to break through the strong level of support around 1.5550;

this week the target for USD/JPY remains the same – 120.50. Strong support is around 118.50, the second support being 117.50;

the plan for USD/CHF is as follows: getting up to 0.9735 step by step, then a sharp rebound downwards to around 0.9375 and further to 0.9280. However, the realisation of this scenario may stretch out over several weeks.

 



As for last week’s forecast :


as predicted, in the first half of the week, EUR/USD stayed in a sideways trend. Then on Thursday, on the news from the USA, it fell sharply and so didn’t meet the expectations of many analysts (including ours);

GBP/USD was also expected to move sideways in the range of 1.5340-1.5500. By mid-week, the pair tried to break through the top boundary, reached 1.5550 but the very same news from the USA quickly returned it to the centre of the corridor specified by us;

according to our “plan,” USD/JPY was supposed stay in a sideways trend all week long, demonstrating a consistent drive to reach 120.50, which happened, except that the target turned out to be even more modest – 119.80;

finally the USD/CHF pair. The forecast of its attempts to reach the 0.9555 mark was confirmed 100%.

 




Roman Butko, NordFX


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