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Guest Julia NordFX

19.05.2015 08:20 GMT

EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points.

On the Russian floors, the MICEX index fell 0.76 percent to 1,678.55 points whereas the RTS index posted a slight rise of 0.07 percent making 1,075.47 points.

In the USA, the Dow Jones grew 0.14 percent to 18,298.88 points, the S&P 500 added 0.3 percent reaching 2,129.20 points, and the NASDAQ picked up 0.6 percent getting to 5,078.44 points.

On the NYMEX, the cost of June futures for WTI oil went down by $0.26 and made $59.43 a barrel. On London’s ICE, the price of Brent oil futures for June was down by $0.54 and reached $66.27 a barrel.

Yesterday on the Forex market, EUR/USD started to pull back from the daily MA and reached 1.12 today.

Anna Gorenkova

NordFX Analyst

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Guest Julia NordFX

19.05.2015 08:20 GMT

EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points.

On the Russian floors, the MICEX index fell 0.76 percent to 1,678.55 points whereas the RTS index posted a slight rise of 0.07 percent making 1,075.47 points.

In the USA, the Dow Jones grew 0.14 percent to 18,298.88 points, the S&P 500 added 0.3 percent reaching 2,129.20 points, and the NASDAQ picked up 0.6 percent getting to 5,078.44 points.

On the NYMEX, the cost of June futures for WTI oil went down by $0.26 and made $59.43 a barrel. On London’s ICE, the price of Brent oil futures for June was down by $0.54 and reached $66.27 a barrel.

Yesterday on the Forex market, EUR/USD started to pull back from the daily MA and reached 1.12 today.

Anna Gorenkova

NordFX Analyst

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Guest Julia NordFX

19.05.2015 08:20 GMT

EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points.

On the Russian floors, the MICEX index fell 0.76 percent to 1,678.55 points whereas the RTS index posted a slight rise of 0.07 percent making 1,075.47 points.

In the USA, the Dow Jones grew 0.14 percent to 18,298.88 points, the S&P 500 added 0.3 percent reaching 2,129.20 points, and the NASDAQ picked up 0.6 percent getting to 5,078.44 points.

On the NYMEX, the cost of June futures for WTI oil went down by $0.26 and made $59.43 a barrel. On London’s ICE, the price of Brent oil futures for June was down by $0.54 and reached $66.27 a barrel.

Yesterday on the Forex market, EUR/USD started to pull back from the daily MA and reached 1.12 today.

Anna Gorenkova

NordFX Analyst

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NordFX has integrated a new payment system – FasaPay ( deposit in Indonesian rupees (IDR)).
How does it work?
• Open a FasaPay account
• Make a deposit into your FasaPay account
• Fund your trading account via FasaPay in the NordFX Trader’s Cabinet
NordFX regularly introduces new products and payment systems taking into consideration opinions and needs of traders from various countries. The integration of FasaPay makes funds deposits and withdrawals handier, especially for Indonesian customers.
We trust that with FasaPay your work with NordFX trading accounts will become even more convenient and effective.

NordFX has integrated a new payment system – FasaPay ( deposit in Indonesian rupees (IDR)).
How does it work?
• Open a FasaPay account
• Make a deposit into your FasaPay account
• Fund your trading account via FasaPay in the NordFX Trader’s Cabinet
NordFX regularly introduces new products and payment systems taking into consideration opinions and needs of traders from various countries. The integration of FasaPay makes funds deposits and withdrawals handier, especially for Indonesian customers.
We trust that with FasaPay your work with NordFX trading accounts will become even more convenient and effective.
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Guest Julia NordFX

Generalized Forex Forecast for 25-29 May 2015

First, a few words about the forecast for the past week. We then regarded with suspicion the analysts’ opinions that unanimously predicted growth for all four pairs, and our doubts were justified:

- taking into account graphical analysis and an almost complete Inverted Hat pattern, it was suggested that on drawing the second brim of the hat, EUR/USD would sharply go downwards to 1.1070, which happened in fact;

- the forecast for GBP/USD was also fulfilled 100%. The pair predictably bounced off the upper boundary of the corridor and finished near the corridor’s lowest mark – 1.5500;

- over the last few months it was often said that USD/JPY would try to reach the height of 122.00. However, all that time the pair couldn’t pass the level of 120.50. Finally, the long awaited breakthrough happened, and the pair almost reached the coveted peak, finishing the week at 121.55;

- considering USD/CHF movements, we predicted a rise to at least 0.9290-0.9380. The pair quickly completed the set task and between Tuesday and Friday it remained in this corridor. Only at the end of the week did the pair move further up, taking after the US Consumer Price Index.

***

Now regarding the forecast for the coming week. 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, the following can be said:

- it very well may be that EUR/USD’s story with the second brim of the Inverted Hat isn’t over yet. Judging by the experts’ opinions (↑ – 42%, → – 6%, ↓ – 52%), it can’t be ruled out that the pair will go up, although almost all the indicators point towards its fall (↑– 9%, → – 9%, ↓ – 82%). The level of 1.1000 may become a very strong support for the pair, from which it will move upwards. If the pair manages to overcome the resistance around 1.1110, it will enter into a sideways trend of 1.1110-1.1400 and continue to draw the hat pattern. On the other hand, if the indicators are right and EUR/USD, having broken through the support at 1.1000, goes down, it may reach the zone of 1.0660-1.0800;

- GBP/USD also appears to have reached a strong support level of 1.5500. The analysts each have their own opinion (↑ – 38%, → – 32%, ↓ – 30%), so do the indicators – on the H4 timeframe the consensus is for a downward movement, on D1 – for a rise. Thus, we’ll venture to suggest that in the next few days the pair will be fluctuating in the 1.5500-1.5800 range;

- the opinions of the experts also diverge regarding the future of the USD/JPY pair (↑ – 38%, → – 12%, ↓ – 50%). The indicators, however, are clearly on the side of the bulls (↑ – 91%, → – 9%, ↓ – 0%), which most probably will rely on the support of 120.70 and push the pair up to 122.00. The second strong support level will be 120.20;

- a strong inverse correlation between USD/CHF and EUR/USD has been mentioned repeatedly in the forecasts, which is why there are two possible scenarios for USD/CHF: the first is a rise to a very strong resistance level of 0.9500 followed by a rebound downwards; the second is a fall starting already on Monday. In this case, support will be at the levels of 0.9370 (weak) and 0.9300 (main).

Roman Butko, NordFX

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Guest Julia NordFX

Generalized Forex Forecast for 25-29 May 2015

First, a few words about the forecast for the past week. We then regarded with suspicion the analysts’ opinions that unanimously predicted growth for all four pairs, and our doubts were justified:

- taking into account graphical analysis and an almost complete Inverted Hat pattern, it was suggested that on drawing the second brim of the hat, EUR/USD would sharply go downwards to 1.1070, which happened in fact;

- the forecast for GBP/USD was also fulfilled 100%. The pair predictably bounced off the upper boundary of the corridor and finished near the corridor’s lowest mark – 1.5500;

- over the last few months it was often said that USD/JPY would try to reach the height of 122.00. However, all that time the pair couldn’t pass the level of 120.50. Finally, the long awaited breakthrough happened, and the pair almost reached the coveted peak, finishing the week at 121.55;

- considering USD/CHF movements, we predicted a rise to at least 0.9290-0.9380. The pair quickly completed the set task and between Tuesday and Friday it remained in this corridor. Only at the end of the week did the pair move further up, taking after the US Consumer Price Index.

***

Now regarding the forecast for the coming week. 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, the following can be said:

- it very well may be that EUR/USD’s story with the second brim of the Inverted Hat isn’t over yet. Judging by the experts’ opinions (↑ – 42%, → – 6%, ↓ – 52%), it can’t be ruled out that the pair will go up, although almost all the indicators point towards its fall (↑– 9%, → – 9%, ↓ – 82%). The level of 1.1000 may become a very strong support for the pair, from which it will move upwards. If the pair manages to overcome the resistance around 1.1110, it will enter into a sideways trend of 1.1110-1.1400 and continue to draw the hat pattern. On the other hand, if the indicators are right and EUR/USD, having broken through the support at 1.1000, goes down, it may reach the zone of 1.0660-1.0800;

- GBP/USD also appears to have reached a strong support level of 1.5500. The analysts each have their own opinion (↑ – 38%, → – 32%, ↓ – 30%), so do the indicators – on the H4 timeframe the consensus is for a downward movement, on D1 – for a rise. Thus, we’ll venture to suggest that in the next few days the pair will be fluctuating in the 1.5500-1.5800 range;

- the opinions of the experts also diverge regarding the future of the USD/JPY pair (↑ – 38%, → – 12%, ↓ – 50%). The indicators, however, are clearly on the side of the bulls (↑ – 91%, → – 9%, ↓ – 0%), which most probably will rely on the support of 120.70 and push the pair up to 122.00. The second strong support level will be 120.20;

- a strong inverse correlation between USD/CHF and EUR/USD has been mentioned repeatedly in the forecasts, which is why there are two possible scenarios for USD/CHF: the first is a rise to a very strong resistance level of 0.9500 followed by a rebound downwards; the second is a fall starting already on Monday. In this case, support will be at the levels of 0.9370 (weak) and 0.9300 (main).

Roman Butko, NordFX

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Guest Julia NordFX

Generalized Forex Forecast for 25-29 May 2015

First, a few words about the forecast for the past week. We then regarded with suspicion the analysts’ opinions that unanimously predicted growth for all four pairs, and our doubts were justified:

- taking into account graphical analysis and an almost complete Inverted Hat pattern, it was suggested that on drawing the second brim of the hat, EUR/USD would sharply go downwards to 1.1070, which happened in fact;

- the forecast for GBP/USD was also fulfilled 100%. The pair predictably bounced off the upper boundary of the corridor and finished near the corridor’s lowest mark – 1.5500;

- over the last few months it was often said that USD/JPY would try to reach the height of 122.00. However, all that time the pair couldn’t pass the level of 120.50. Finally, the long awaited breakthrough happened, and the pair almost reached the coveted peak, finishing the week at 121.55;

- considering USD/CHF movements, we predicted a rise to at least 0.9290-0.9380. The pair quickly completed the set task and between Tuesday and Friday it remained in this corridor. Only at the end of the week did the pair move further up, taking after the US Consumer Price Index.

***

Now regarding the forecast for the coming week. 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, the following can be said:

- it very well may be that EUR/USD’s story with the second brim of the Inverted Hat isn’t over yet. Judging by the experts’ opinions (↑ – 42%, → – 6%, ↓ – 52%), it can’t be ruled out that the pair will go up, although almost all the indicators point towards its fall (↑– 9%, → – 9%, ↓ – 82%). The level of 1.1000 may become a very strong support for the pair, from which it will move upwards. If the pair manages to overcome the resistance around 1.1110, it will enter into a sideways trend of 1.1110-1.1400 and continue to draw the hat pattern. On the other hand, if the indicators are right and EUR/USD, having broken through the support at 1.1000, goes down, it may reach the zone of 1.0660-1.0800;

- GBP/USD also appears to have reached a strong support level of 1.5500. The analysts each have their own opinion (↑ – 38%, → – 32%, ↓ – 30%), so do the indicators – on the H4 timeframe the consensus is for a downward movement, on D1 – for a rise. Thus, we’ll venture to suggest that in the next few days the pair will be fluctuating in the 1.5500-1.5800 range;

- the opinions of the experts also diverge regarding the future of the USD/JPY pair (↑ – 38%, → – 12%, ↓ – 50%). The indicators, however, are clearly on the side of the bulls (↑ – 91%, → – 9%, ↓ – 0%), which most probably will rely on the support of 120.70 and push the pair up to 122.00. The second strong support level will be 120.20;

- a strong inverse correlation between USD/CHF and EUR/USD has been mentioned repeatedly in the forecasts, which is why there are two possible scenarios for USD/CHF: the first is a rise to a very strong resistance level of 0.9500 followed by a rebound downwards; the second is a fall starting already on Monday. In this case, support will be at the levels of 0.9370 (weak) and 0.9300 (main).

Roman Butko, NordFX

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Analysis of NordFX is very good information and interesting with very accurate results because it was based decision making from a variety of sources and in a professional manner.

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Guest Julia NordFX

Generalized Forex Forecast for 1-5 June 2015

Let us start with a review of the forecast for the previous week:

- two scenarios were suggested for EUR/USD. One of them, supported by 52% of the analysts and 82% of the indicators, came true – the pair broke through the strong support at 1.1000, reached the zone of 1.0800 and, after a rebound, on Friday returned to where it had started – the level of 1.1000, which has now changed from support to resistance;

- there was total discord regarding GBP/USD among both analysts and indicators last week. Yet this pair also behaved decisively by immediately breaking through the strongest support at 1.5500 and running stepwise to the level below – the next support around 1.5300;

- the forecast for USD/JPY was fulfilled and even exceeded expectations. The pair was predicted to go up to 122.00 while it actually managed to rise above 124.00, reaching the high of July 2007;

- the behavior of USD/CHF has become very predictable lately – a strong mirror correlation with EUR/USD. Something similar took place last week – USD/CHF was expected to rise to a very strong resistance level of 0.9500 followed by a rebound downwards, which did happen.

Now regarding the forecast for the coming week. 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, the following can be said:

- the majority of experts (↑ – 69%, → – 12%, ↓ – 19%) predict a steady rise for the EUR/USD pair. The technical indicators on the H4 timeframe concur. Yet on D1 they show the opposite – a downward movement. Furthermore, the systems of graphical analysis clearly draw a rebound downwards from the strong level of resistance 1.1000 to at least last week’s support around 1.0800. In fact, this appears to be a most likely scenario;

- there’s a real clash between the analysts and the indicators regarding the forecast for GBP/USD. Most of the former are for a rise (↑ – 61%, → – 15%, ↓ – 24%) whereas the latter predict a fall (↑ – 17%, → – 8%, ↓ – 75%). Considering that last week, contrary to the expectations, instead of rebounding off the support of 1.5500, GBP/USD broke through it, the pair can be expected to hold out in the range of 1.5250-1.5500 for at least a week this time. Already on Monday or Tuesday it should be clear whether the pair will take a timeout or continue its fall to 1.5000;

- both experts (↑ – 57%, → – 14%, ↓ – 29%) and indicators (↑ – 78%, → – 18%, ↓ – 4%) foretell USD/JPY to rise further to the next symbolic high of 126.00, which the pair reached last all of 15 years ago. This historic charge may turn out not so easy to execute, and the pair may have to keep charging, pushing off the support in the area of 123.20-123.60;

- yet again, there is nothing original for USD/CHF – an inverse correlation with EUR/USD and no independent escapades. The most probable scenario is a rebound from 0.9400 to 0.9540. Or alternatively, a fall to 0.9280.

Roman Butko, NordFX

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Guest Julia NordFX

Generalized Forex Forecast for 1-5 June 2015

Let us start with a review of the forecast for the previous week:

- two scenarios were suggested for EUR/USD. One of them, supported by 52% of the analysts and 82% of the indicators, came true – the pair broke through the strong support at 1.1000, reached the zone of 1.0800 and, after a rebound, on Friday returned to where it had started – the level of 1.1000, which has now changed from support to resistance;

- there was total discord regarding GBP/USD among both analysts and indicators last week. Yet this pair also behaved decisively by immediately breaking through the strongest support at 1.5500 and running stepwise to the level below – the next support around 1.5300;

- the forecast for USD/JPY was fulfilled and even exceeded expectations. The pair was predicted to go up to 122.00 while it actually managed to rise above 124.00, reaching the high of July 2007;

- the behavior of USD/CHF has become very predictable lately – a strong mirror correlation with EUR/USD. Something similar took place last week – USD/CHF was expected to rise to a very strong resistance level of 0.9500 followed by a rebound downwards, which did happen.

Now regarding the forecast for the coming week. 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, the following can be said:

- the majority of experts (↑ – 69%, → – 12%, ↓ – 19%) predict a steady rise for the EUR/USD pair. The technical indicators on the H4 timeframe concur. Yet on D1 they show the opposite – a downward movement. Furthermore, the systems of graphical analysis clearly draw a rebound downwards from the strong level of resistance 1.1000 to at least last week’s support around 1.0800. In fact, this appears to be a most likely scenario;

- there’s a real clash between the analysts and the indicators regarding the forecast for GBP/USD. Most of the former are for a rise (↑ – 61%, → – 15%, ↓ – 24%) whereas the latter predict a fall (↑ – 17%, → – 8%, ↓ – 75%). Considering that last week, contrary to the expectations, instead of rebounding off the support of 1.5500, GBP/USD broke through it, the pair can be expected to hold out in the range of 1.5250-1.5500 for at least a week this time. Already on Monday or Tuesday it should be clear whether the pair will take a timeout or continue its fall to 1.5000;

- both experts (↑ – 57%, → – 14%, ↓ – 29%) and indicators (↑ – 78%, → – 18%, ↓ – 4%) foretell USD/JPY to rise further to the next symbolic high of 126.00, which the pair reached last all of 15 years ago. This historic charge may turn out not so easy to execute, and the pair may have to keep charging, pushing off the support in the area of 123.20-123.60;

- yet again, there is nothing original for USD/CHF – an inverse correlation with EUR/USD and no independent escapades. The most probable scenario is a rebound from 0.9400 to 0.9540. Or alternatively, a fall to 0.9280.

Roman Butko, NordFX

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Guest Julia NordFX

Generalized Forex Forecast for 1-5 June 2015

Let us start with a review of the forecast for the previous week:

- two scenarios were suggested for EUR/USD. One of them, supported by 52% of the analysts and 82% of the indicators, came true – the pair broke through the strong support at 1.1000, reached the zone of 1.0800 and, after a rebound, on Friday returned to where it had started – the level of 1.1000, which has now changed from support to resistance;

- there was total discord regarding GBP/USD among both analysts and indicators last week. Yet this pair also behaved decisively by immediately breaking through the strongest support at 1.5500 and running stepwise to the level below – the next support around 1.5300;

- the forecast for USD/JPY was fulfilled and even exceeded expectations. The pair was predicted to go up to 122.00 while it actually managed to rise above 124.00, reaching the high of July 2007;

- the behavior of USD/CHF has become very predictable lately – a strong mirror correlation with EUR/USD. Something similar took place last week – USD/CHF was expected to rise to a very strong resistance level of 0.9500 followed by a rebound downwards, which did happen.

Now regarding the forecast for the coming week. 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, the following can be said:

- the majority of experts (↑ – 69%, → – 12%, ↓ – 19%) predict a steady rise for the EUR/USD pair. The technical indicators on the H4 timeframe concur. Yet on D1 they show the opposite – a downward movement. Furthermore, the systems of graphical analysis clearly draw a rebound downwards from the strong level of resistance 1.1000 to at least last week’s support around 1.0800. In fact, this appears to be a most likely scenario;

- there’s a real clash between the analysts and the indicators regarding the forecast for GBP/USD. Most of the former are for a rise (↑ – 61%, → – 15%, ↓ – 24%) whereas the latter predict a fall (↑ – 17%, → – 8%, ↓ – 75%). Considering that last week, contrary to the expectations, instead of rebounding off the support of 1.5500, GBP/USD broke through it, the pair can be expected to hold out in the range of 1.5250-1.5500 for at least a week this time. Already on Monday or Tuesday it should be clear whether the pair will take a timeout or continue its fall to 1.5000;

- both experts (↑ – 57%, → – 14%, ↓ – 29%) and indicators (↑ – 78%, → – 18%, ↓ – 4%) foretell USD/JPY to rise further to the next symbolic high of 126.00, which the pair reached last all of 15 years ago. This historic charge may turn out not so easy to execute, and the pair may have to keep charging, pushing off the support in the area of 123.20-123.60;

- yet again, there is nothing original for USD/CHF – an inverse correlation with EUR/USD and no independent escapades. The most probable scenario is a rebound from 0.9400 to 0.9540. Or alternatively, a fall to 0.9280.

Roman Butko, NordFX

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Guest tifagabe

Generalized Forex Forecast for 1-5 June 2015

Let us start with a review of the forecast for the previous week :

  • two scenarios were suggested for EUR/USD. One of them, supported by 52% of the analysts and 82% of the indicators, came true – the pair broke through the strong support at 1.1000, reached the zone of 1.0800 and, after a rebound, on Friday returned to where it had started – the level of 1.1000, which has now changed from support to resistance;
  • there was total discord regarding GBP/USD among both analysts and indicators last week. Yet this pair also behaved decisively by immediately breaking through the strongest support at 1.5500 and running stepwise to the level below – the next support around 1.5300;
  • the forecast for USD/JPY was fulfilled and even exceeded expectations. The pair was predicted to go up to 122.00 while it actually managed to rise above 124.00, reaching the high of July 2007;
  • the behavior of USD/CHF has become very predictable lately – a strong mirror correlation with EUR/USD. Something similar took place last week – USD/CHF was expected to rise to a very strong resistance level of 0.9500 followed by a rebound downwards, which did happen



Now regarding the forecast for the coming week. 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, the following can be said :

  • the majority of experts (↑ – 69%, → – 12%, ↓ – 19%) predict a steady rise for the EUR/USD pair. The technical indicators on the H4 timeframe concur. Yet on D1 they show the opposite – a downward movement. Furthermore, the systems of graphical analysis clearly draw a rebound downwards from the strong level of resistance 1.1000 to at least last week’s support around 1.0800. In fact, this appears to be a most likely scenario;
  • there’s a real clash between the analysts and the indicators regarding the forecast for GBP/USD. Most of the former are for a rise (↑ – 61%, → – 15%, ↓ – 24%) whereas the latter predict a fall (↑ – 17%, → – 8%, ↓ – 75%). Considering that last week, contrary to the expectations, instead of rebounding off the support of 1.5500, GBP/USD broke through it, the pair can be expected to hold out in the range of 1.5250-1.5500 for at least a week this time. Already on Monday or Tuesday it should be clear whether the pair will take a timeout or continue its fall to 1.5000;
  • both experts (↑ – 57%, → – 14%, ↓ – 29%) and indicators (↑ – 78%, → – 18%, ↓ – 4%) foretell USD/JPY to rise further to the next symbolic high of 126.00, which the pair reached last all of 15 years ago. This historic charge may turn out not so easy to execute, and the pair may have to keep charging, pushing off the support in the area of 123.20-123.60;
  • yet again, there is nothing original for USD/CHF – an inverse correlation with EUR/USD and no independent escapades. The most probable scenario is a rebound from 0.9400 to 0.9540. Or alternatively, a fall to 0.9280.




Roman Butko, http://nordfx.com/'>NordFX

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Guest tifagabe
NordFX currently offer the most popular programs for Internet trading Platform in options - Trade Integral NFX, MetaTrader 5, MetaTrader 4 and MetaTrader 4 Mobile to help our clients to access their personal accounts and quotes from anywhere in the world.


You do not need to come to our office and spend a lot of time to fill and send the document agreed to open an account with us. Fill out a short form on our site and your account will open in a few minutes.




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