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Guest tifagabe Posted December 22, 2016 Share Posted December 22, 2016 MAKING MONEY WITHH NORDFX IS EASIER THAN YOU THINK! Join the Big Family NordFX! Link to comment Share on other sites More sharing options...
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Guest tifagabe Posted December 27, 2016 Share Posted December 27, 2016 Forex Forecast EURUSD, GBPUSD, USDJPY and USDCHF for 26-30 December 2016 First, a review of last week’s forecast: Giving the forecast for the EUR/USD pair, 60% of analysts, 85% of indicators, and graphical analysis on D1 pointed out that the pair should continue to fall to the 1.0300-1.0350 area at the very least. That was indeed what happened: on Monday the pair descended drastically and hit 1.0351the next day, shortof the intended target by just 1 point. Evidently deciding that it fulfilled its task, the pair rebounded and returned to the values of the beginning of the week; The forecast for the GBP/USD pair may also be considered fulfilled by at least 90%, if not 100%. Recall that the majority of experts voted for the continuation of the downward trend, naming the support at 1.2300 as the nearest target. This was reached by the pair on Thursday. After this, the support changed roles, becoming resistance. The pair rebounded off it and subsequently fell by 50 points; USD/JPY. Here, one third of oscillators and graphical analysis suggested a possible downwards rebound of the pair. As for the analysts, most foresaw a sideways trend with a Pivot Point at 118.00. The fact that the pair was overbought did indeed push it down at the very start of the week’s session. Then, having rebounded off the level of 116.55 as was expected by the experts, it returned to the 118.00 zone and shifted to a slightly bear-dominated lateral movement of diminishing amplitude; USD/CHF. Here, more than half of experts, supported by graphical analysis on D1, and 95% indicators on H4 and D1, suggested that the pair would try to gain a foothold above the level of 1.0300. However, it seems that the proximity of the Christmas holidays weakened the strength of bulls so significantly, that having reached the height of 1.0320, the pair almost immediately turned around and returned to the values of Monday, where it stayed until the end of the week. The forecast for the upcoming week - the last one before the New Year: The market’s major players have already summed up the year, and most analysts have already left for Christmas. Therefore, the forecast for this festive week is based mainly on technical analysis. No major events that could shake the financial markets, are expected in the coming days, and traders can expect a very quiet and relaxing five days ahead. Unless, of course, something extraordinary happens. The medium-term forecast that analysts released last week does not give a clear picture of the future of EUR/USD: 35% of them predict an upward trend, 40% a downward trend, and 25% a side movement. As for technical analysis, graphical analysis on H4, and the vast majority of trend indicators and oscillators, all of them point eastwards. Those on D1, on the other hand, indicate to the south. Based on the above, we can assume that next week the pair will move in a sideways channel in the 1.0350-1.0520 range. As for its further decline, it is necessary to take into account that at present the pair is near the bottom border of the side corridor, which was launched back in February-March 2015, and that any futurestrengthening of the dollar will largely depend on the actions of team of the US President elect, Donald Trump; In contrast to the European currency, analystsconsider the British pound’s future to be more definite. Thus, in the medium term, 65% of them support a fall in GBP/USD down to the October low of 1.1940, and only 5% expect the pair's growth. 100% of indicators and graphical analysis on D1 agree with the majority of experts. However, on a shorter timeframe- specifically H4 - the forecast for the coming week includes a flat trend in the 1.2215-1.2325 range. The next resistance is at 1.2375; USD/JPY. It is clear that most of the indicators on D1 point northwards, with which their colleagues on H4 disagree, indicating the pair to be oversold. This opinion is shared by graphical analysis on H4, which sketches a decline of the pair to 115.50, followed by a rebound the previous week’s values in the 117.50 zone. As for the graphical analysis on D1, it foresees a lateral channel with support at 116.50 (should that be ruptured the new support will be 115.50) and resistance at 119.00. Here we can mention the upcoming speech of the Governor of the Bank of Japan Haruhiko Kuroda on Monday, 26 December - that is unlikely to seriously influence the behaviour of this pair; Opinions on the future of USD/CHF tend mostly towards the pair’s growth to the 1.0300-1.0400 area. This point of view is shared not only by three-quarters of analysts, but also by indicators on H4 and D1, as well as by graphical analysis using adaily time-frame. An alternative view is supported by 25% of experts and graphical analysis on H4. In their opinion, the pair should once again test the December low at 1.0000. The next forecast will be devoted to the events of the first week of January. Dear colleagues, it seems, therefore, that now would be the time to wish you a Happy New Year! Roman Butko, NordFX Notice: These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited. Link to comment Share on other sites More sharing options...
Guest tifagabe Posted December 27, 2016 Share Posted December 27, 2016 The schedule of trading sessions in NordFX for the New Year holidays Dear Clients, please review the schedule of trading sessions for the New Year holidays below: From 00:00 26.12.2016 to Monday’s opening 02.01.2017, margin call and stop out levels will be increased up to 100% for “Micro,” “Standard”, “1:1000” and “MT-ECN” accounts. In the absence of stable market liquidity, NordFX reserves the right to increase the spreads for the financial instruments on the quotation lists of “Micro” and “1:1000” accounts, or to stop quoting on specific currency pairs (for any type of account) until the market situation is back to normal. We’d like to remind you that low liquidity and unpredictable market movements characterize the holiday period. Therefore, NordFX recommends providing sufficient margin for positions that may remain open during the holidays, to prevent automatic liquidation of positions at an undesirable price. Company NordFX News >> Link to comment Share on other sites More sharing options...
Guest tifagabe Posted December 28, 2016 Share Posted December 28, 2016 NordFX is Best Broker with Fast Server, Fast Execution, Fast Deposit and Withdrawal. Also provide you : QUALIFIED SUPPORT PROFESSIONAL TERMINALS FAST EXECUTION LOW COMMISSIONS SCALPER PARADISE BEST SPREADS Register Now ! Link to comment Share on other sites More sharing options...
Guest tifagabe Posted December 29, 2016 Share Posted December 29, 2016 NordFX offered 6 trading account types : "Micro", "Standard", "MT-ECN" , "Premium", "Integral", "ZuluTrade" and "Standar MT5" with the best trading condition. Also offer "Binary Option" with the best platform. Registration is easy and simple, just a few minutes.Open Your Account! Link to comment Share on other sites More sharing options...
Guest tifagabe Posted December 30, 2016 Share Posted December 30, 2016 How do you choose your broker? When choosing a Forex broker, you want to look for : Reliability Server and service. The Best and Profitable Trading conditions. Comfortable trade, allowed any trading strategy and techniques. and others. All of these conditions are already available in NordFX for you. Open your account and Trading with NordFX. Link to comment Share on other sites More sharing options...
Guest tifagabe Posted January 2, 2017 Share Posted January 2, 2017 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'sdrive toward the 1.0000 mark. Roman Butko, NordFX Notice: These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited. Link to comment Share on other sites More sharing options...
Stan NordFX Posted September 11, 2017 Share Posted September 11, 2017 Dear Clients, Starting from September 4, 2017 it will become even more convenient to carry out transactions with cryptocurrencies. In addition to the CRYPTO account, trading with BTCUSD, LTCUSD and ETHUSD pairs is now available in the Standard account on the MetaTrader 4 platform as well. This decision has been taken based on the results of a survey among traders. The absolute majority of the respondents have expressed the opinion that the possibility of simultaneous trading in currencies, cryptocurrencies and precious metals using one common account, the Standard account, opens up additional possibilities for creating new trading strategies, reducing risks and increasing profits. The traders who prefer to separate transactions with Bitcoin, Litecoin and Etherium from transactions with traditional trading instruments can still use the dedicated CRYPTO account. Link to comment Share on other sites More sharing options...
Stan NordFX Posted September 11, 2017 Share Posted September 11, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 11 - 15 September 2017 First, a review of last week’s forecast: - EUR/USD. Since the opinions of the analysts were divided equally, we suggested to focus on the readings of the graphical analysis; both H4 and D1 indicated that the upward trend, which began in January, would continue. The target was the height of 1.2150, which the pair nearly missed, having turned around near the level of 1.2100, subsequently rolling down 70 points and finishing the week at 1.2035; - Graphical analysis turned out to be right concerning the future of GBP/USD. Supported by 45% of analysts and 80% of indicators, it pointed to its growth to 1.3115. However, unlike EUR / USD, which did not reach the stated goal, GBP / USD, on the contrary, exceeded it, having fixed the maximum of the week at 1.3222; - the US dollar also fell against the Japanese yen. The forecast for the USD/JPY said that the pair would once again try to test the bottom of the mid-term side channel 108.12-114.50. This was exactly what happened. Moreover, the pair tried to break through this support and descended to the level of 107.30. It will be clear in the near future whether this test has been successful or not; - The forecast for USD/CHF turned out to be absolutely accurate. Here, the majority of analysts (about 60%), graphical analysis and more than half of the oscillators on D1 expected that it would again fall to the August 29 minimum at 0.9426. That's exactly what happened, and on Friday, September 8. the pair reached the local bottom at 0.9420. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: – EUR/USD. Forecasting the future of this pair, most analysts (60%), as well as graphical analysis and an absolute majority of indicators, voted for the continuation of the upwards trend of the pair, foreseeing a growth to 1.2150. The following target is 1.2325. Meanwhile, graphical analysis in H4, the quarter of oscillators on D1 signalling that the pair is oversold, and 40% of experts offer an alternative viewpoint. They suggest that the pair will transition to a sideways movement in the 1.1885-1.2070 channel. As for the longer-term forecast, over 60% of analysts remain bearish in the expectation of the pair’s eventual return to 1.1600; – Experts’ opinions regarding the future of GBP/USD have split almost equally: 30% support the growth of the pair, an equivalent amount believes in a sideways trend, and 40% believe that the pair will fall. 100% of trend indicators and graphical analysis on D1 look northwards, whilst 20% of oscillators are already expecting a southwards reversal. The support levels are at1.2930, 1.3040 and 1.3100. The resistance levels are 1.3265 and 1.3370. The bulls’ final target is 1.3440; – USD/JPY. Here 85% of experts believe that once the pair penetrates the lower border of the intermediate-term sideways channel it will journey southwards, aiming to settle in the 106.00-107.00 area. The remaining 15% of analysts expect a correction and the pair’s return to the resistance at 108.80. The third of oscillators on D1 that indicate the pair is oversold support this scenario; – “South and only south” summarises the view of the 90% of analysts who maintain that USD/CHF will continue to mirror the behaviour of EUR/USD and strive to the 0.9250-09.300 area.10% of experts, 20% of oscillators and graphical analysis on D1 disagree: they suggest that the pair has nearly reached its minimum (0.9425) and is now waiting to rebound up to the resistance at 0.9540. In the event it penetrates this resistance, they suggest the pair will rise even higher to 0.9260; In conclusion, we offer a summary of the major events that may influence the directions of the trends and the volatility of the currency pairs discussed above. Starting on Tuesday, 12 September and through to the end of the week, we will observe a continuous release of data on the US consumer market. On Thursday, 14th September the central banks of Switzerland and England will announce their rate decisions: most likely these rates will remain unchanged. 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. #eurusd, #gbpusd, #usdjpy, # forex, # forex_forecast, #forex signals, #cryptocurrencies, #bitcoinhttps://www.nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted September 18, 2017 Share Posted September 18, 2017 Bitcoin and others: start of the road or start of the end? How soon will cryptolorrhagia end? And what awaits investors: wealth and thousands of percent of profit, or a funeral under the rubble of crashed cryptocurrencies? The broker company NordFX offers to earn both on growth, and on the collapse of the cryptocurrency market. Recently, the headlines of financial media have been firmly conquered by bitcoin and other cryptocurrencies: "Parris Hilton," Bloomberg reports, "has been actively engaged in attracting investment in the cryptocurrency (ICO)." "Swiss Railways start selling tickets for bitcoins" "The post of Austria exchanges euro to bitcoin, Ethereum and other cryptocurrencies!" "The Viberate Company has attracted more than $ 10 million in its ICO in just 4 minutes 42 seconds!" Such headlines can not help attracting attention. And, in general, it is more than deserved. For example, the Etherium exchange rate only for the first half of 2017 grew by more than 250%, and the bitcoin, costing in September 2009. less than 0.1 cents, after just eight years, came close to the mark of 5.000 USD. That is, in just eight years, its price has grown 5 million times! Indeed, there is something to ponder over for those who want to seriously increase their capital. Moreover, many forecasts of specialists look more than optimistic. Thus, the British consulting company Juniper Research has calculated that in 2017 the total turnover of cryptocurrencies can overcome the level of 1 trillion US dollars, exceeding the similar result of the previous year by more than 15 times. In addition to bitcoins, a significant contribution has been made by the Etherium and lthe Litecoin. Experts from Pantera Capital Management, Fundstrat Global Advisors and GFI Group Inc. believe that by the end of this year the bitcoin will reach the mark of 6.000 USD, while Standpoint Research predicts its growth in 2018 to $ 7,500. As for a longer-term perspective, Fundstrat and Standpoint Research expects that by 2022 the value of this cryptocurrency will be about 25,000 USD, and after another five years, in 2027, it will reach the level of 50,000 US dollars! But that's not all! For example, the CNBC TV channel has published a forecast of Saxo Bank analyst Kay Van-Petersen, according to which the bitcoin market capitalization in the next decade could reach 1.75 trillion dollars, as a result of which its exchange rate will grow to $ 100,000! "All these forecasts," says John Gordon, leading analyst at brokerage company NordFX, "are warming the market pretty much, attracting new investors, making them cryptomaniacs. However, there are a lot of financiers who see cryptocurrencies as a pyramid that hangs in the air and can collapse at any moment. " "Today, the cryptocurrency market continues to resemble Klondike, attracting speculators and scammers of all stripes," writes The Financial Times. The former director of Yahoo Brad Garlinghouse echoes the publication, according to him, this market requires strong regulation" "Indeed," continues Gordon of NordFX, "the lack of regulation by state bodies discourages many serious investors who fear that cryptocurrencies can be outlawed overnight. Suffice it to recall that when in early September, the Chinese authorities banned the use of ICO to attract funding, the bitcoin suddenly lost 5%, and the Etherium lost 12% in price. " Now the Central Banks of almost all leading financial powers are deciding whether or not to recognize cryptocurrencies at the state level. It will not work just to brush them off, because the regulators are under constant pressure, including by major commercial structures. Thus, according to the analytical company Autonomous, as of the end of August, 55 investment hedge funds have already been involved in cryptocurrency investments. And, according to the Fortune, thirty major banks, technical giants and other organizations, including JP Morgan Chase, Microsoft, Intel, BNP Paribas, BP, Cisco, Credit Suisse, etc. are uniting into a group called the Enterprise Ethereum Alliance to create a network basing on the Etherium. It is said that cryptocurrencies have a great future, but a wild present. According to the strategists of Bank of America Merrill Lynch, the situation may change as they continue to grow and the liquidity increases. And, perhaps, the main boom is yet to come, when the giants of the retail sector, such as Amazon, Facebook, Visa and Mastercard, start to accept cryptocurrencies. "Over the past 10 years, our company has earned a reputation as fairly conservative," says NordFX analyst J. Gordon. - We offer only proven products to our customers, but we cannot ignore such a phenomenon as cryptocurrencies. There are now thousands of them, and investments in most of them are excessively risky. Therefore, out of all this diversity, we have selected three of the most popular and promising ones - Bitcoin, Etherium and Litecoin, transactions with which can now be made on our platform. I would like to note that in NordFX, transactions with cryptocurrencies are not exclusive for the elite. They are available not only to large investors, but also to ordinary people with 50 or 100 dollars. Moreover, these transactions can be aimed at both the growth of the crypto currency and its fall, which allows our clients to make profit at any market fluctuations. " Link to comment Share on other sites More sharing options...
Stan NordFX Posted September 18, 2017 Share Posted September 18, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 18 - 22 September 2017 First, a review of last week’s forecast: - EUR/USD. Recall that 40% of experts and graphical analysis on H4 expected the pair would transition into a lateral trend in the 1.1885-1.2070 range. At the same time, a number of oscillators on D1 signaled it was overbought, which indicated a possible fall at the beginning of the week. This is what happened. By the evening of Wednesday, 13 September, it had reached this lower border; on Thursday, it made an attempt to break through it. However, the bears' forces were already running out, and in just an hour the pair returned to the set limits, completing the week near 1.1960: the level of the central line of the side channel; - 30% of experts, 100% of trend indicators, graphical analysis on D1 and 80% of oscillators voted for the growth of GBP/USD last week. 1.3440 was named as the bulls’ goal. However, on Thursday, 14 September, following the publication of the Bank of England's quarterly report and the speech of monetary policy committee member Gertjan Vlieghe in favor of raising the base rate at the next meeting of the Bank of England’s MPC, the pound received an additional upwards push. Having risen by 450 points, it reached the level of 1.3600; - USD/JPY. Whilst the British pound showed impressive growth relative to the dollar, the Japanese yen demonstrated a fall that was equally impressive. Positive trends emerging in the Japanese economy contributed to the growth of its stock market, but simultaneously pressured the yen. The reduction in the volume of QE (quantitative easing) by the US Federal Reserve and the flow of investment from reliable but not profitable assets to less reliable but more profitable ones also played against the Japanese currency, causing it to lose more than 350 points against the dollar during the week; - Only 10% of experts, 20% of oscillators and graphical analysis on D1 sided with the bulls, having calculated that USD/CHF had reached its bottom and would now grow to 0.9620. The pair did indeed immediately go up and reached the height of 0.9700 exceeding expectations. After that, it rolled back 100 points and finished in a strong support / resistance zone at 0.9600. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: - EUR/USD. After the slowing of the uptrend last week, the experts appear to be disorientated: 40% of them stand for the growth of the pair, 40% for its fall and 20% envisage a sideways trend. Indicators do not bring clarity to the forecast either, demonstrating a similar dispersion in their readings. Graphical analysis on both H4 and D1 is the only forecaster which unreservedly points northwards. Resistance levels are at 1.1985, 1.2075 and 1.2165, whilst supports levels are at 1.1915 and 1.1825. Dollar pair trends may be influenced to a certain extent by the rate decisions and forecasts made by the US Federal Reserve on Wednesday, 20 September; - As for the future of GBP/USD, most experts (65%), supported by graphical analysis and 40% of oscillators, expect a correction of the pair down to the level of 1.3500. In the event of a break through this level, the next supports would be 1.3440 and 1.3385. An alternative point of view, represented by 35% of analysts, 100% of trend indicators and 60% of oscillators, implies a continuation of the uptrend to 1.3665, after which the pair will ascend yet another 100 points higher. The bulls’ final medium-term target is at the level of 1.4000; - USD/JPY. The forecast for this pair is a lateral trend in which the bears have a slight advantage—at least 85% of analysts voted for this scenario. The support levels are 109.55 and 108.85; the resistances levels are 111.00 and 111.30. A minority of experts (only 15%) and the majority (about 90%) of indicators side with the bulls. They believe that the pair has returned to the borders of the medium-term side channel. In this case, the short-term goal of the pair is to secure itself in the central zone of 111.00-112.20, whilst the medium-term goal is to reach the upper boundary of the 114.50 channel. And, of course, we must not forget a Bank of Japan press conference is scheduled for Thursday, 21 September, where a rate decision is expected; - "South and only southwards" was the forecast for USD/CHF last week. It also remains the forecast for this week. 75% of analysts and the same number of indicators on H4 vote for the scenario in which the pair will again rush to the support at 0.9415. Meanwhile, 10% of experts and the indicators on D1 vote for a lateral trend. The pair’s growth is supported by 15% of analysts and graphical analysis on H4. In their opinion, the pair should grow first to 0.9765, and then to 0.9845. 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. #eurusd #gbpusd #usdjpy #forex #forex_forecast #signals forex #cryptocurrencies, #bitcoinhttps://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted September 24, 2017 Share Posted September 24, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 25 - 29 September 2017 First, a review of last week’s forecast: – EUR/USD. Recall that experts appeared to be completely bewildered when giving last week’s forecast: 40% of them voted for the growth of the pair, 40% for its fall and 20% for a sideways trend. The indicators did not clarify the situation either, showing a very similar dispersion in their readings. Graphical analysis was alone in pointing unambiguously to the north, where the pair indeed went, having reached 1.2033 on Wednesday 20 September. The main event of the day was an atypical meeting of the US Federal Reserve, which confirmed the expediency of another increase in the interest rate in 2017 followed by three increases in 2018. In addition, the Fed, finally, decided to start reducing its balance. All this led to a sharp increase in the dollar, and the EUR/USD suddenly fell 170 points, stopping at 1.1860. After that, the bulls vigorously won back the losses, and the pair finished the week practically at the same place where it started: near 1.1950, having performed the predicted scenarios of all three groups of experts; – As for the future of GBP/USD, most experts (65%), supported by graphical analysis and 40% of oscillators, expected a correction of the pair down to the level of 1.3500. 1.3665 was named the main resistance. This forecast can be considered almost 100% fulfilled, since, adjusting for a standard backlash, the pair remained in this channel. At the beginning of the week, it dropped to 1.3463. Then, on the back of data on UK retail sales, it began to grow. It then reacted to the Fed meeting, and eventually returned to 1.3500; – Naturally, USD/JPY could not ignore the news from the US either. In the first half of the week, the forecast for this pair - a sideways trend, for which 85% of analysts voted - was brought to life with an accuracy of 1 point: having started the week at 111.09, it encountered the Fed speech on Wednesday, 20 September at the same position. After that, the yen began to fall and completed the five-day period in the central zone of the mid-term side channel, where it has been moving for more than six months, at 112.00; – USD/CHF. Only 15% of analysts and graphical analysis on H4 took the side of the bulls, considering that the pair should grow to the level of 0.9765. But their few voices unexpectedly received active support from the hawks of the Fed, thanks to which the pair almost reached that goal, rising to the height of 0.9746. As for the end of the workweek, it found it in the region of a strong support/resistance level of 0.9700. As for the forecast for the upcoming week, at the time of writing the results of the federal elections in Germany are not yet known. The impact these elections may have on the movement of the major currency pairs requires no explanation. Meanwhile, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: – EUR/USD. Thanks to the Fed decision on a fourfold increase in the interest rate in 2017-18, most experts (60%) have sided with the bears, expecting the dollar to initially rise and then fall. However, the range of fluctuations indicated by analysts is within the limits of 1.1800-1.2100, which allows us to speak about the continuation of the lateral trend that began in the last week of August. As for graphical analysis, for the next two or three weeks it predicts a fall of the pair to 1.1650. But this can only be said if the elections in Germany do not bring unexpected surprises to the market; – As for the future of GBP/USD, it is clear that most of the indicators on D1 are looking northward. As for their colleagues on H4, the vector is directed horizontally eastwards. Graphical analysis expects the continuation of the lateral trend in the 1.3460-1.3660 range as well. Experts' opinions for the next week are as follows: 35% side with the bulls, 45% side with the bears, and 20% give a neutral forecast. If we move to the medium-term analysis, we now see that 80% of experts vote for the growth of the dollar and the fall of the pound. The support levels are 1.3460, 1.3160 and 1.2850. The resistance levels are 1.3660, 1.3835 and 1.4000. – USD/JPY. 85% of analysts, supported by one third of oscillators on D1, expect the pair to fall to 110.70, after which the uptrend may continue. The targets are 112.65, 113.50 and 114.50. Support is at the levels 111.10, 110.70, 109.85 and 109.40; – 80% of indicators and graphical analysis on D1 predict the growth of USD/CHF to 0.9770 and, in the event of its breakthrough, 50 points higher to the level of 0.9820. The final target is the height of 0.9900. However, only 20% of experts agree with this point of view. The remaining 80% expect, instead, a fall of the pair and its movement in the 0.9585-0.9770 range. This scenario is supported by 25% of oscillators who signal this pair is overbought. If the pair breaks through the lower border of the channel, the next support would be at 0.9525. 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. #eurusd #gbpusd #usdjpy # forex #forex_example #signals forex #cryptocurrencies, #bitcoinhttps://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 1, 2017 Share Posted October 1, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 02 - 06 October 2017 First, a review of last week’s forecast: – The Fed decision on a fourfold increase in the interest rate in 2017-18 continued to dominate over the pair EUR/USD, as well as the results of the German elections, not ideal for Frau Merkel. Thanks to these factors, as predicted by most experts, the euro lost more than 230 points by the middle of the week. However, later it played back some losses, rising to the horizon of 1.1815; – As for the GBP/USD, here again the dollar showed growth, but not as impressive as in the case of the euro. The British pound lost only about 100 points over the past week; – USD/JPY. 85% of analysts, supported by one third of oscillators on D1, were expecting a correction of this pair down, after which the uptrend was supposed to continue. That is exactly what happened, however, the correction was less than expected. It was already on Monday, September 25, that the pair dropped to 111.50, after which it turned and continued its growth, reaching the height of 113.25 on Wednesday. As for the end of the week, it completed the five-day period at the level of 112.50, which gives grounds to speak about the gradual slowdown of the upward momentum; – USD/CHF. 80% of the experts, the same number of indicators and graphical analysis on D1 indicated the level of 0.9770 as the weekly maximum for this pair. And they were 100% right: it was exactly this height that was reached on September 27, and it was there that the local trend reversed, resulting in the pair finishing even 20 points lower on Friday than at the beginning of the week. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and broker companies, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: – the situation for the pair EUR/USD looks extremely uncertain, thus the opinions of the experts are split exactly in half, 50% of them are for the growth of the pair, 50% are for its fall. As for trend indicators, on H4, two thirds of them are colored green and one third are red, and on D1, it's the other way around. Oscillators on H4 give priority to the green colour as well, thus entering irreconcilable conflict with the red oscillators on the daily time frame. As for graphical analysis, according to its readings, the pair will again try to get close to the height of 1.2100 in the next 2-3 weeks, after which it will turn to the south. The main target in this case will be support 1.1660. One should bear in mind that the results of the ECB meeting on Wednesday, October 4, as well as the publication of data on new jobs created outside the US agricultural sector (NFP) on October 6, can influence the trend formation. As expected, this figure may fall from 156K to 98K, and even to 75K. It is generally believed that such a sharp decline in the NFP leads to a weakening of the dollar. However, large players have often played against this rule recently, as a result of which many traders incur serious losses; – speaking about the future of the GBP/USD, most analysts (55%) look to the south. Trend indicators on H4 and graphical analysis support the bearish mood as well. On D1, graphical analysis suggests that by the end of autumn, the pair will fall to the lower boundary of the medium-term rising channel, which began this January. The target is 1.4670. The nearest resistance in this case is 1.3500. As for the rest of the experts, only 20% of them voted for the rise to 1.3600, and 25% are for the sideways trend. All oscillators and trend indicators on D1 have taken a neutral position as well; – USD/JPY. 55% of analysts, supported by graphical analysis and 25% of oscillators, believe that the pair entered the correction phase, and now it expects a temporary decline to the area of 111.00-111.50. An alternative point of view suggests that there will be no correction, and the pair will continue to move north without stopping. This opinion is supported by 45% of experts. The ultimate target is the upper boundary of the medium-term horizontal channel at the level of 114.50. The Japanese Prime Minister Abe also plays into the hands of the bulls, having decided to dissolve the lower house of parliament and hold early elections on October 22; – The forecast for the pair USD/CHF assumes that the pair will move in the side channel 0.9585-0.9770 for a while. At the same time, one third of the oscillators are giving signals that it is overbought, proceeding from which one can expect first its fall to the lower border of the corridor, and then a rebound upwards. More than 60% of experts, trend indicators on H4 and graphical analysis on H4 and D1 agree with this point of view. 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. #eurusd #gbpusd #usdjpy # forex #forex_example #signals forex #cryptocurrencies, #bitcoinhttps://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 8, 2017 Share Posted October 8, 2017 NordFX Partnership Forum W Hotel, Bangkok, Thailand September 23, 2017 Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 8, 2017 Share Posted October 8, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 09 -13 October 2017 First, a review of last week’s forecast: - Recall that we weren’t able to word a more or less specific forecast for EUR/USD last week, as the opinions of the experts were split exactly in half: 50% of them voted for the growth of the pair and 50% for its fall. The market literally froze in anticipation of Friday's data on the US labor market; once they were released, however, it reacted to them quite calmly as well. As a result, the pair returned to the August values and completed the week in the zone of the week’s Pivot Point at 1.1733; - The forecast for GBP/USD has fully come true. The overwhelming majority of experts, with the support of trend indicators on H4 and graphical analysis on H4 and D1, sided with the bears, expecting the pair to fall to the lower boundary of the medium-term rising channel. The level 1.3040 was named as the target, the pair reached it on Friday, losing about 375 points during the week; - USD/JPY. 55% of analysts expected a decline in this pair, the remaining 45% expected a growth. As a result, it did not listen to either of them, and completed the week's session exactly where it started: at 112.65; - The forecast for USD/CHF assumed that it would move in the side channel 0.9585-0.9770 for some time, which was happening for almost the whole week. At the same time, the bulls periodically made attempts to break the upper boundary of this corridor. The most powerful attack was undertaken on Friday on the news from the US, but it was unsuccessful, and it was quite soon that the pair returned to the zone 0.9770-0.9780. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: - ‘South and only southwards’ is the viewpoint of 85% of experts, graphical analysis, trend indicators and oscillators on D1 for EUR/USD. Having said that, no serious strengthening of the dollar is expected: the level 1.1660 is called as the main support, the next support is in the zone 1.1600. After this decline, according to the readings of the graphical analysis, the pair expects a U-turn and a return to the highs of August-September. The resistance levels are 1.1835, and 1.2035, the final target is 1.2090. As for the technical analysis on H4, according to its readings, the pair may continue to move in a narrow side corridor within the limits of 1.1700-1.1835 for a while. The remaining 15% of experts agree with this point of view; - Speaking about the future of the GBP/USD, the majority (55%) of analysts, supported by graphical analysis and 2/3 indicators, are still looking to the south. In their opinion, the pair has not yet reached its minimum, located at the level of 1.2770. As for the remaining experts, they believe that the pair will not be able to break through a strong medium-term support in 1.3000-1.3045. They believe that the pair will use this support to go into a lateral movement. The resistance levels are 1.3125, 1.3150 and 1.3250. About one-third of the oscillators on H4 and D1 agree with this scenario, signaling that the pair is oversold; - USD/JPY has been moving in the side channel 108.00-114.50 since this spring, and is now on its way to its upper border. About 70% of analysts agree with this point of view, as do graphical analysis on H4 and 90% of trend indicators and oscillators on D1. The nearest resistance is 113.25. An alternative point of view is shared by 30% of experts and most of the indicators on H4: they believe that, before continuing northward, the pair should test the local bottom in the zone of 111.75-112.00; - Experts' opinions about the near future of the USD/CHF are split equally: 50% expect the pair to fall, 50% of them expect it to grow. As for the readings of most indicators and graphical analysis, in their opinion the pair will first try to reach the peak of the previous week at 0.9835, before returning to the support at 0.9770. It would then try to break it and, if successful, would drop to the level of 0.9685. It should be noted that in the medium term, the bearish sentiment is already supported by 70% of analysts, who expect the pair to fall to a low of 0.9600, or perhaps yet another 100 points lower. In conclusion, a couple of words about the main events that can influence the trend directions and the volatility of the pairs under consideration. In the coming week, it is worth paying attention to the publication of the US Federal Reserve Protocol on open markets on Wednesday 11 October. Importance should also be given to the publication of data on the US consumer market on Friday, 13 October. As for the Eurozone, the speech of ECB President Mario Draghi on Thursday, 11 October, is of interest. 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. #eurusd #gbpusd #usdjpy # forex #forex_example #signals forex #cryptocurrencies, #bitcoinhttps://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 15, 2017 Share Posted October 15, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 16 - 20, 2017 First, a review of last week’s forecast: – Recall that an overwhelming majority of experts expected a minor strengthening of the dollar. According to their forecasts, EUR/USD would fall to support 1.1660. This did not happen, however, and the minimum of the week was fixed 60 points higher, at the level of 1.1720. The forecast which was given by graphical analysis, supported by indicators on H4 and only 15% of analysts, turned out to be correct. According to this scenario, the pair was expecting a trend reversal and a move to the north, first to resistance 1.1835, and in the event of its breakdown, even higher, to 1.2035. This scenario was indeed the one that played out; however, the pair was unable to settle above the aforementioned resistance and completed the week near 1.1820; – Speaking about the future of GBP/USD, 45% of analysts assured that the pair would be unable to break through the strong medium-term support in the 1.3000-1.3045 zone and, like EUR/USD, it would go up. About a third of the oscillators on H4 and D1 which signaled that the pair was oversold, agreed with this. The height 1.3250 was named as the final goal, which the pair reached in the first half of Thursday, after which it collapsed 140 points down. However, the bears’ joy was premature, and the bulls quickly won back losses. As a result, the pair met the weekend at the level of 1.3282; – One of the scenarios, supported by a third of experts and most of the indicators on H4, suggested that before continuing northward, USD/JPY would test the local bottom in the 111.75-112.00 vicinity. This is what happened: the pair lost about 80 points over the course of the week and froze at around 111.83; – USD/CHF. The readings of most indicators and graphical analysis indicated that this pair would first try to once again reach the high of the previous week at 0.9835, before returning to the support at 0.9770. It would then try to break it and, if successful, drop to the level of 0.9685. These actions did all occur, although the pair’s movement was somewhat less volatile than expected: at first the pair rose to the level of 0.9806, then returned to support 0.9770, broke it and found the local bottom at the level of 0.9700. The pair met the end of the week session in the zone of October Pivot Point 0.9745. As for the forecast for the coming week, summarizing the opinions of analysts from several banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: – EUR/USD. Tensions with North Korea, statements about the US withdrawal from the nuclear agreement with Iran, fighting in Syria, the possible rise in oil prices, the change in the Fed leadership, the extraordinary EU economic summit: all this and much more makes the economic situation so uncertain that experts are unable to formulate any consensus regarding either the near future or the medium term. 45% of them vote for the growth of the pair, 45% for its fall, and 10% merely shrug their shoulders. As for the indicators, they repeat the discord of the analysts on H4. But on D1, the situation is more certain: 80% of them are painted green. However, 20% of the oscillators have already turned red, signaling the pair is overbought. Finally, graphical analysis: summarizing its readings on H4 and D1, it is possible to draw support lines at the levels 1.1750, 1.1685 and 1.1600, and resistance lines at 1.1920 and 1.2030; – The situation with GBP/USD looks clear relative to EUR/USD, albeit by a small extent. Here, 55% of analysts, as well as graphical analysis on D1, sided with the bears, forecasting the pair’s fall to support 1.3150, and, in the event of its breakdown, 110 points lower: to the level of 1.3040. The remaining 45% of experts and the overwhelming majority (85%) of the indicators believe that the last week's trend will continue, and the pair will rise at least to the resistance of 1.3450. The next resistance is 1.3600. However, in this case in the beginning of the week a certain downward correction is possible, since a quarter of the oscillators are already in the overbought zone; – USD/JPY. Here, a quarter of the oscillators on both H4 and D1 indicate that this pair is oversold. This is confirmed by the opinion of most experts that the pair is on the way to the upper boundary of the mid-term side channel 108.00-114.50 and should be expected to jump upwards. However, it is worth considering that the pair is in the Pivot Point zone of this channel now, and therefore can still move along this line for a while, oscillating in the range of 110.65-112.20; – And, finally, the last pair of our review: USD/CHF. Graphical analysis, trend indicators and oscillators have taken a neutral position. A slight bullish overweight can only be noticed in the readings of graphical analysis on H4, according to which the pair is striving to the 0.9800-0.9835 area. As far as experts are concerned, 75% of them vote for the fall of the pair. The support levels are at 0.9700, 0.9670 and 0.9560. 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. #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals forex #cryptocurrencies #bitcoinhttps://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 22, 2017 Share Posted October 22, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 23 - 27, 2017 First, a review of last week’s forecast: - Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded. Recall that there was a complete discord both among experts and among indicators: some were looking to the north, some south, and some were simply shrugging shoulders, unable to predict anything. The pair seemed to feel it: it first went down, then up, then down again ... As a result, it did not opt for either direction, and finished the five-day period near 1.1780, the Pivot level, around which it has been gravitating for four weeks; - Speaking about the future of the GBP/USD, 55% of analysts, along with graphic analysis on D1, sided with the bears, forecasting that the pair would fall to the support at 1.3150, and, in the event of a breakdown, 110 points lower. This is what happened: starting on Monday, the pair began to lose point after point, reaching the level of 1.3150 on Wednesday. Then it made several attempts to break through this level, and managed to reach the1.3085 mark on Friday. However, the forces of the bears dried up, and by the end of the five-day period the bulls managed to win 100 points, thereby rising to 1.3185; - USD/JPY. The forecast for this pair also turned out to be absolutely correct. Supported by the oscillators, the experts agreed that this pair was on the way to the upper boundary of the mid-term lateral channel 108.00-114.50, and that one should expect an upwards spurt. This ended up being just under 200 points; as a result, the pair fixed a weekly maximum at the height of 113.56, failing to reach the final goal by approximately a meager 100 points; - USD/CHF. Here the bulls were granted a slight advantage only by the readings of graphical analysis on H4, according to whom the pair’s target was the zone 0.9800-0.9835. As for the analysts, only 25% of them voted for the growth of the pair. But it was to these voices that we had to listen, as the pair added about 100 points during the week, completing the weekly session in the zone of 0.9840. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: - EUR/USD. It is worth noting that the expert community has been unable to form a clear opinion on the behavior of this pair for two weeks now. Despite the decision of the US Senate to approve the draft budget for 2018 and allow the implementation of Trump's tax reform, only 50% of analysts voted for the strengthening of the dollar. According to their opponents, even if the dollar goes further up, this growth will be short-lived. Following the analysts, oscillators and trend indicators on D1 either disagree or simply take a neutral position. And it is only on H4 that they point to a downtrend. As for the graphical analysis, it draws a lateral channel in the range 1.1665-1.1925. The following support is in zone 1.1575. It should be noted that when moving to the medium-term forecast, the picture changes dramatically, and about 80% of the experts vote for the growth of the pair to the area of 1.2000-1.2100; - The outlook for GBP/USD is negative. This is the viewpoint that most (55%) analysts still adhere to. The nearest support is in the 1.3000 zone. In addition to experts, 70% of trend indicators and graphical analysis on D1 side with the bears. As for the bulls, they are supported by the remaining 45% of experts, according to whom the pair may once again try to test the October maximum in the 1.3335 zone; - Like last week, USD/JPY is once again facing a green light. 65% of analysts, 100% of trend indicators and 75% of oscillators on H4 and D1 believe that the growth of the pair to the upper boundary of the medium-term channel of 108.00-114.50 will be continued. We must not forget, however, that certain corrections are possible along this path. This is what the remaining 25% of the oscillators signal about when indicating that the pair is overbought. And, as practice shows, such signals are often enough to make the pair to descend for a short while. The nearest support is in the 112.00-112.30 vicinity, with the next one being 111.65; - Finally, the last pair of our review: USD/CHF. A quarter of the oscillators on H4 and D1 indicate that this pair is overbought, with 65% of experts looking southwards. Moreover, when moving from the weekly forecast to the monthly one, their number increases to almost 85%. All of them expect the pair to fall first to the horizon of 0.9700, and then by yet another 100 points. The bull supporters that remain, backed by graphical analysis of H4, believe that the potential for growth of this pair has not yet dried up and it has a chance to rise to 0.9900, or, perhaps, even higher to the landmark level of 1.0000. However, here much will depend on the EUR/USD pair, whose behavior USD/CHF often mirrors. 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. #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals_forex #cryptocurrencies #bitcoin https://nordfx.com/ Link to comment Share on other sites More sharing options...
Stan NordFX Posted October 29, 2017 Share Posted October 29, 2017 Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 30 - November 3, 2017 First, a review of last week’s forecast: - As the opinions of analysts were split 50/ 50, we had decided not to give a clear forecast for EUR/USD for the second week in a row. In terms of what happened, despite the bulls having an advantage at the beginning of the week, the bears eventually won. The House of Representatives of the US Congress was on their side this time, allowing the Senate to approve Trump's tax reform by a simple majority. But that's not all: on Thursday, 26 October, the dollar experienced a surge of support from the ECB, which decided to extend the QE quantitative easing program and continue buying bonds until the end of September 2018. All this hit the European currency so strongly, that it lost about 250 points against the dollar in two days. It would be difficult to suspect that graphical analysis had been aware of the plans of the US Congress and the ECB. It was, nevertheless, graphical analysis that managed to predict the maximum level of the Euro fall,1.1575, with 100% accuracy. As a result, the pair completed the three-month "head-shoulders" figure and froze around the mark of 1.1605; - GBP/USD. Here the supporters of the bears had a slight advantage: 55% versus 45%. They also won with just a small advantage. During the entire week, the pair was either falling or rising; in the end, it completed the five-day period 70 points lower than it had started; - The forecast for USD/JPY also turned out to be correct. Despite having difficulty overcoming resistance from its adversary, it nevertheless managed to reach the required point: the upper boundary of the mid-term side channel 108.00-114.50. To be precise, the pair took the height of 114.45, after which a predictable rebound followed, which saw it return to the Pivot Point of the week at the level of 113.70 by the end of Friday; - One of the scenarios for USD/CHF voiced last week had the pair to rise to a landmark level of 1.0000. And, even though it was supported by just a minority of experts, it turned out to be the correct one. As predicted, the pair was strongly influenced by the behavior of the EUR/USD. Mirroring which, it rose by 200 points. As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following: - EUR/USD. Experts are once again split equally, being in this position for three weeks now. As for the trend indicators, 90% of them look southward. The picture is quite different among oscillators, almost half of them giving signals that this pair is oversold. Graphical analysis on D1 joins them, according to its readings, the pair expects to return to the October highs in the zone 1.1835-1.1880, and then the rise to September peaks at the level of 1.2000-1.2100. It should be noted that in the medium term, about 70% of analysts vote for the return of the pair to the range 1.1800-1.2100. As for the upcoming week, among the events that can significantly determine trends is the release of the latest data on the labor market in the United States on Friday, 3 November. The data includes the very important NFP indicator - the number of new jobs created outside the agricultural sector. Last month it had a negative value of minus 33K. Should the NFP increase to 270-300K as expected, the dollar will be strongly boosted. It should be noted that large market participants often make plays on such news in advance, already a few days before their official announcement. Of course, one should also add to this that, by the end of next week, the next Fed head may be revealed. In the meantime, it is evident that Janet Yellen and Kevin Warsh have been eliminated from the competition; - The forecast for GBP/USD is still mostly negative. This is the view most (60%) of analysts, graphical analysis and 90% of indicators on H4 and D1 adhere to. However, when switching to a larger timeframe (W1), the picture changes, giving cause to speak about a lateral trend with support on the area of 1.3000-1.3020. The next support is 100 points lower. Resistance is at the levels of 1.3225 and 1.3285. The ultimate goal in case of growth is 1.3335. Thursday, 2 November will be important for the British pound, as a large amount of news from the Bank of England is expected. According to forecasts, the number of votes for raising the interest rate may triple; the rate itself may probably be raised from 0.25% to 0.50%; - To switch to sports terminology, the odds of the growth of USD/JPY are estimated as 2 to 1. More than 65% of experts believe that, with a base at the support at 113.25, it will once again try to test the upper boundary of the medium-term side channel 108.00-114.50. Graphical analysis on H4 agrees with this. As for the alternative point of view, its supporters believe that the potential for growth of the pair has already dried up and it will take a breather, dropping for a while into the zone 112.25-113.25; - And, finally, the USD/CHF. Here, 75% of analysts, with full support of technical analysis, say that the pair will certainly try to gain a foothold above the level of 1.0000. The ultimate target is 1.0100. However, if the dollar starts to lose its positioning against the euro, it will with overwhelming probability also weaken with respect to the Swiss franc, as a result of which the pair may fall into the zone of 0.9750-0.9800. 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. #eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin https://nordfx.com/ Link to comment Share on other sites More sharing options...
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