October 22, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 23 - 27 October 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...

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October 15, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 16 - 20 October 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...

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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...

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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...

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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...

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September 17, 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...

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September 15, 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.

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September 10, 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...

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September 3, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 04 - 08 September 2017

First, a review of last week’s forecast:

– EUR/USD. Recall that, although a quarter of oscillators were already signaling that this pair had been overbought, the bulk of them, supported by 100% of trend indicators and 40% of experts, insisted that the pair still had enough strength to rise at the very least to 1.2040. This is indeed what it did. On Tuesday, August 29, the pair overcame 1.2000, before rising another 40 points, and then, by inertia, by another 30. Having fixed a maximum at 1.2070, it turned and rushed downwards, having lost 250 points by the last day of summer. The pair completed the first day of autumn at 1.1860...

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August 27, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 28 - September 1, 2017

First, a review of last week’s forecast: thanks to this forecast, traders who took into account the main recommendations of experts and technical analysis, could receive a significant profit. So:

– EUR/USD. The basic forecast, which was sounded by the majority of experts (60%) with the support of technical analysis, spoke about the growth of this pair. And it did go north, starting from Monday. Although at first this movement was not very strong and confident, on Friday, August 25, the pair shot up sharply, reaching the height of 1.1940, supported by the speech of the Federal Reserve Head, Janet Yellen, it finished the week at the height of 1.1921 - near the central level of resistance, indicated by analysts...

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August 20, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 21 - 25, 2017

First, a review of last week’s forecast:

– EUR/USD. Only 35% of experts expected the pair to fall. However, graphical analysis and a number of oscillators on D1 sided with them. The support at 1.1685 was named as the nearest goal: it was reached by the pair by mid Tuesday. After that, the pair made several more attempts to break through this level, and it even managed to drop 25 points. This was not a true breakthrough, however, and the pair returned to the Pivot Point of the last two weeks in the 1.1755 zone. Thus, the week’s decline was only about 70 points...

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August 13, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 14 - 18, 2017

First, a review of last week’s forecast:

– EUR/USD. It was not possible to have a more or less homogeneous forecast for this pair in the previous week. Whilst most experts looked to the north, graphical analysis unambiguously pointed to the south, naming 1.1670 as the nearest support level. Opinions of indicators were also divided: about half of the oscillators and trend indicators on H4 turned red, but on D1, the green continued to dominate. Thus, this discord was justified: at the beginning of the week, the pair grew a little, then it fell, reaching the local bottom at 1.1688, and went up again to the Pivot Point of the last two weeks in the 1.1820-1.1840 zone...

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August 6, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 7 - 11, 2017

First, a review of last week’s forecast:

– 60% of experts called the 2015 maximum at the height of 1.1870 as the nearest target for EUR/USD, the pair reached it on Wednesday. As for a longer-term forecast, 80% of specialists expected the trend to reverse to the south and the pair to start falling. That is what happened on Friday, thanks to the positive data from the US labor market. The NFP indicator rose to 209K instead of the expected 187K, and the unemployment rate fell to 4.3% in July. Taking advantage of this occasion, the bears could drop the pair by 150 points, and it returned to the values of the beginning of the week...

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July 30, 2017

Forex forecast for EURUSD, GBPUSD, USDJPY and USDCHF for July 31 - August 4, 2017

First, a review of last week’s forecast:

– EUR/USD. The upward trend of the pair, which began on New Year's Eve 2017 and which marks a steady fall in the US dollar, was continued last week. Thanks to growing GDP, the US currency had a chance, at least temporarily, to change the situation. However, the growth of the German consumer market turned out to be more impressive, and the pair went up by 100 points, ending the five-day period at 1.1750. Thus, our basic forecast, supported by 55% of experts, graphical analysis and 100% of trend indicators, was justified...

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July 27, 2017

Profits on transactions with basic currencies for the first half 2017*

The graph shows the profit that an investor could have received in the Forex market, on just one transaction during the first half 2017, having opened the position on January 1 and closed it on 30 June.

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July 23, 2017

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

First, a review of last week’s forecast:

– The main view on EUR/USD was that it would break through1.1500 and grow to the 2016 high at 1.1615. The next target would then be the maximum of August 2015: 1.1715. The main impetus for the pair's upswing was given by the head of the ECB Mario Draghi, who said on Thursday that the euro zone stimulus program (QE) will not end and will remain unchanged. Against the background of these comments, the euro's exchange rate against the dollar jumped by 0.5%, and the pair reached the height of 1.1680 by the end of the week session...

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July 19, 2017

Service Signals - automatic trading of the XXI century

NordFX offers its clients access to one of the largest international networks of automatic trade signal copying.

Connecting to this network does not require installing any additional software on your computer, since access to it is integrated into the terminals MT4 and MT5. In order to start copying, just open the "Signals" tab, which is located at the bottom of your trading terminal.

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July 16, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 - 21 July 2017

To begin with, a few words about the forecast for the previous week, which ended up being almost 100% correct for EUR/USD, GBP/USD and USD/JPY.

Recall that the overwhelming majority (70%) of experts and almost 100% of indicators voted for the growth of the EUR/USD. 1.1500 was named the main target. As for the remaining analysts, they thought lateral movement would dominate last week.

The pair worked on both scenarios. First, as predicted, leaning on the support of 1.1380, it rushed up and reached the height of 1.1490 on Wednesday. Then it rolled back to the support zone, turned around and rushed up again, finishing the five-day period in the zone of 1.1470...

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July 9, 2017

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

First, a review of last week’s forecast:

EUR/USD. As a result of a powerful breakthrough in late June, the pair reached the upper boundary of the side channel in which it has been moving for more than two years since the winter of 2015. It was this that gave reason to expect the pair to fall. Recall that this scenario was supported by 35% of experts and the quarter of the oscillators who signaled it was overbought. The level 1.1300 was named as the local minimum, and the pair reached it on Wednesday (1.1312). Having fulfilled this task ahead of schedule, it returned to the upper border of the channel and finished the week near 1.1400...

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July 2, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 - 07 July 2017

To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda. It goes without saying that the week would not be complete without the statements of the head of the US Federal Reserve, Janet Yellen.

EUR / USD. The past week clearly showed that the opinion of the majority is not necessarily correct. Recall that, even though about 90% indicators on H4 voted for the growth of the pair, this forecast was supported by only about 10% of analysts. In their opinion, the pair had to first rise to the resistance at 1.1285, and then even higher to 1.1400. This is what happened - the pair was firmly entrenched in the zone 1.1390-1.1445 by the end of the five-day period...

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June 26, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 26 - 30 June 2017

First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events. This necessarily affects the volatility of the major currency pairs, which have come close to the targets indicated by analysts, without having successfully overcome them.

Thus, last week, the maximum range of the EUR/USD fluctuations hardly exceeded 90 points. Recall that 75% of our experts had assumed that the pair should descend to the support at 1.1100. Allowing for the standard backlash, that was what happened: the week's low was fixed at 1.1118. However, the bears' strength then dried up, and the bulls returned the pair to the same place from where it had started the five-day period...

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June 19, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 19 - 23 June 2017

First, a review of last week’s forecast:

It had been clear that the main moves for EUR/USD would begin on Wednesday 14 June, when the US Federal Reserve would officially announce a rate increase. Everyone was ready for this. What no one was expecting though was the sharp drop of the dollar 5.5 hours before this event. Taking advantage of negative data on the US consumer market, large speculators pulled the pair up by 100 points. As a result, the Fed's statement could only return it to the original value of 1.1200. However, the "bears" did not calm down there, and on Friday the pair reached the local bottom at 1.1130, after which it again returned to where it started the week: namely in the 1.1200 zone...

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June 12, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 12 - 16 June 2017

First, a review of last week’s forecast:

– Let us recall that in the forecasts regarding EUR/USD, most experts (70%), supported by graphical analysis on H4, spoke about the possible decline of the pair to 1.1100. The forecast proved correct, with the pair having lost about 120 points in the course of the week. However, it ended up being 65 points short of the named target, having only managed to reach 1.1165 before turning and arriving at 1.1195...

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June 5, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 05 - 09 June 2017

First, a review of last week’s forecast:

– The previous forecast for EUR/USD turned out to be quite accurate when it came to trends, but the pair’s volatility turned out to be more modest than expected. Recall that 60% of experts predicted the pair’s decline to 1.1075; the pair did indeed start its descent on Monday but turned northwards when it was still 30 points away from target. This turn of events had been supported by 40% of analysts, who had expected that against the background of negative data for the dollar stemming from the NFP (survey of employment in the US outside the agricultural sector), the pair would soar to 1.1400 by the end of the week. The forecast came true only partially: the pair did go up, but ended the five-day period at 1.1280, without having reached 1.1300...

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May 28, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for May 29 - June 2, 2017

First, a review of last week’s forecast:

– As we wrote last time, whilst experts and technical analysis make predictions, it is politicians that make reality. The President of the United States Donald Trump spent the past week in Europe, causing the scandals associated with him to temporarily quiet down. This led to a lull in the financial markets, which neither the OPEC meeting on Thursday 25 May or, notably, the G7 leadership meeting could shake. EUR/USD spent the whole week in the 1.1160-1.1267 side corridor, as if waiting for new events, and finished the five-day period practically in the same place where it started: at 1.1185...

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May 22, 2017

Profits on transactions with basic currencies for April 2017

The graph shows the profit that an investor could have received in the Forex market, on just one transaction during April 2017, having opened the position on 1 April and closed it at the end of the month on 30 April.

High profitability would have been achieved if the transaction was opened in the right direction (sell, buy) and 100% of the deposit was involved, with the maximum leverage NordFX provides its customers with, namely of 1: 1000.

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May 22, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 22 - 26 May 2017

But first, a few words about what happened last week:

Experts and technical analysis make predictions. Politicians shape reality and last week made this very clear. The last few days "presented" the world with several scandals related to US President Donald Trump. This was the firing of the FBI Director James Comey, the related controversy around the possible transfer of confidential information by Trump to the Russian diplomats, and subsequent  rumours of Trump’s possible impeachment ...

All this resulted in a sharp weakening of the dollar and the fall of the US stock market. Suffice to say that, according to Bloomberg, over the past few days, businessmen from the 500 world richest people list became poorer by $ 35 billion.

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May 15, 2017

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

First, a review of last week’s forecast:

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

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May 9, 2017

Profits for transactions with basic currencies in 2016

The graph shows the profit that the investor could receive in the Forex market, having completed only one transaction in 2016 - having opened the position on January 1 and having closed it on December 31.

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May 7, 2017

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

First, a review of last week’s forecast:

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

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