June 13, 2016

Generalized Forex Forecast for 13 – 17 June 2016

First, a review of last week’s forecast:

– making forecast for EUR/USD for the upcoming month, the majority of experts (around 80%) insisted that the pair would go down at least to the level of 1.1100. Eventually, following the speech of the president of the ECB Mario Draghi, the pair did start going south and wrapped up the week in the middle between the level of support of 1.1283 and 1.1200, indicated on the basis of the data, provided by the graphical analysis...

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June 5, 2016

Generalized Forex Forecast for 6 – 10 June 2016

First, a review of last week’s forecast:

– the forecast for EUR/USD reckoned that the pair might first rise to the level of 1.1170, and then – even up to 1.1240, following which it would reverse and start going south. This scenario also considered the fact that according to many authoritative sources the key indicator of economic situation in the USA – Nonfarm payrolls (Nonfarm employment change) – would show its gradual growth. Until Friday the pair had been moving strictly in accordance with this forecast – on Tuesday it reached the first resistance of 1.1173, rebounded, on Wednesday it broke through it, got to the area of the second resistance at 1.1220, following which it reversed and fiercely went south. However, Friday release of data from the USA changed the situation dramatically – actual NFP reading turned out to be 4 times (!) less than it was expected, and thus US dollar plunged by nearly 250 points...

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June 3, 2016

Dolce Vita of Futures and Binary Options

It’s widely known that ‘dolce vita’ translated from Italian means ‘sweet life’. It’s also well known that sugar is one of the sweetest products in our life. But not everyone might know that sugar is also an efficient instrument for trading futures and binary options. However that’s the case.

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May 29, 2016

Generalized Forex Forecast for 30 May – 3 June 2016

First, a review of last week’s forecast, which may be considered as 100% fulfilled:

 – as to the forecast for EUR/USD, the majority of experts and indicators insisted that it should go down at least to the level of 1.1100, which the pair did, wrapping up the week just 10 points higher – at the mark of 1.1110...

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May 22, 2016

Generalized Forex Forecast for 23 - 27 May 2016

First, a review of last week’s forecast:

- as to the forecast for EUR/USD, last week there was no consensus in regards to its future. Surprisingly all predictions panned out. 35% of experts backed by graphical analysis reckoned that the pair would gradually bounce off the support of 1.1280 and move towards the resistance of 1.1380, and earlier this week the pair did went upwards and reached the mark of 1.1348. The other 45% of analysts voted for the pair’s fall to the level of 1.1200, which virtually happened in the latter half of the week – the pair wrapped up the week fluctuating within the range of 1.1200 - 1.1230...

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May 16, 2016

Generalized Forex Forecast for 16 - 20 May 2016

First, a review of last week’s forecast:

- as to the forecast for EUR/USD, as it often happens, graphical analysis turned out to be the most accurate, it predicted the return of the pair to the pivot point of February - May at the level of 1.1280.  The pair reached that very level of - 1.1282 on Friday and, after several unsuccessful attempts to break through this support, it completed the week at around 1.1310...

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May 9, 2016

Generalized Forex Forecast for 9-13 May 2016

First, a review of last week’s predictions:

- As for the forecast for EUR/USD, this pair succeeded to meet expectations of all experts. All of their forecasts turned out to be correct - those, who predicted its rise (from Monday to Tuesday, the pair rose to the level of 1.1616), the ones who predicted its drop (the pair afterwards went down to support at 1.1385), and the ones who predicted its sideways trend - due to fluctuations the pair returned almost to the same level it had started the week from. Such a mixed behavior of the pair, as noted above, was largely predetermined by the last week’s release of a series of economic data points from Europe and the USA...

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May 2, 2016

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller’s heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy was phasing out oil-based wealth. It appears they are right as the price of Brent crude oil fell to $35 a barrel in January 2016 from $95 in September 2014.

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May 1, 2016

Generalized Forex Forecast for 2-6 May 2016

First, a review of last week’s predictions:

- graphical analysis and the indicators on D1 were 100% right in their forecast for EUR/USD.  According to them, the pair was supposed to bounce off support at 1.1200 and move on to resistance at 1.1450. In fact, the pair started from 1.1217 on Monday and completed the week at 1.1451...

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April 28, 2016

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America. With this, according to The Telegraph, 80% of the group’s profits come from Asia.

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April 24, 2016

Generalized Forex Forecast for 25-29 April 2016

First, a review of last week’s forecast:

- D1 and W1 charts show that EUR/USD continues to move within the ascending channel that started last December. As expected by 50% of the analysts and graphical analysis on H4 and D1, the pair aimed at the upper boundary of the channel right from the start of the week, quickly reached resistance at 1.1350 and then went down sharply to strong support at 1.1200, which is clearly visible in the monthly timeframe...

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April 18, 2016

Generalized Forex Forecast for 18-22 April 2016

Overview of Last Week’s Forecast

- EUR/USD was predicted to move down to the central line of the ascending channel that started to form last December and is now clearly visible on W1. The pair did drop sharply but didn’t reach the target of 1.1135. Instead, it stalled at support 1.1250...

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April 11, 2016

Generalized Forex Forecast for 11-15 April 2016

First, a review of last week’s forecast:

- the forecast for EUR/USD suggested that the battle line for the bulls and the bears would be drawn at 1.1400. However, the fact that they were actually equal in force was a surprise. As a result, neither of them could gain the upper hand and the week started and ended at the same level of 1.1400...

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April 4, 2016

Forex Forecast for 4-8 April 2016

Overview of last week’s predictions:

- in the previous forecast, 55% of the experts insisted that EUR/USD should rise and transition into 1.1340-1.1470, and they were right. On Friday, the pair went up to 1.1438, bounced down to support at 1.1335 and stopped almost in the middle of this range – at 1.1392...

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March 27, 2016

Forex Forecast for 28 March - 1 April 2016

First, an overview of last week’s forecast:

- regarding EUR/USD, those 40% of the experts that predicted a fall were right. The forecast of graphical analysis on H4 also turned out correct, indicating that last week’s bottom would be around 1.1130. On Thursday, the pair almost reached this level, stopping at 1.1143...

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March 21, 2016

Forex Forecast for 21-25 March 2016

First, about last week’s forecast:

- the forecast for EUR/USD proved 100% correct. The main support was set at 1.1080, and the suggested peak for the pair’s rise was at 1.1350. In fact, from Monday to Wednesday, the pair relied on support around 1.1060-1.1080, and then on the news from the USA, it moved up reaching 1.1342, as expected...

 

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March 14, 2016

Forex Forecast for 14-18 March 2016

First, about last week’s forecast:

- the forecast for EUR/USD was unfolding more or less according to plan till the middle of Thursday – the pair first went down, then rebounded, set two boundaries of the corridor and entered a sideways trend. Specifically on 10 March, following the announcement about the ECB’s decision on interest rates, the pair fell to 1.0821 but then ECB Head Mario Draghi turned the market opinion about and the pair soared by 500 points to 1.1217. Nonetheless, EUR/USD still stayed within the 1.0710-1.1340 channel set by the indicators and graphical analysis on D1...

 

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March 7, 2016

Forex Forecast for 7-11 March 2016

For starters, an overview of last week’s forecast:

- the forecast for EUR/USD can be counted as fulfilled. Executing the suggested monthly scenario, the pair first tried to break support at 1.0800, failed to do it and moved on to the weekly scenario. According to most experts’ predictions, the pair bounced upward and reached 1.1043 on Friday following the news from the USA...

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February 29, 2016

Forex Forecast for 29 February - 4 March 2016

First, a review of last week’s forecast:

- the vast majority of the analysts and graphical analysis on D1 predicted a fall for EUR/USD, which happened, and the pair shed more than 200 points during the week...

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February 22, 2016

Forex Forecast for 22-26 February 2016

First, about the forecast for the previous week:

- as for EUR/USD, 35% of the analysts and graphical analysis on H1 and H4 were correct in their forecast that the pair would fall in the last five workdays. As predicted, the pair reached the first support at 1.1150 and then tried to reach the second support at 1.1030 but halfway through it reversed and finished the week at 1.1131...

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February 15, 2016

Forex Forecast for 15-19 February 2016

First, about last week’s forecast:

- the forecast for EUR/USD panned out 100% – the pair remained in a sideways trend until mid-week, then, after Fed Chairwoman Janet Yellen’s speech, it broke through resistance at 1.1250 and rose to 1.1350. On achieving this, the pair reverted to 1.1250, turning it into support...

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February 8, 2016

Forex Forecast for 8-12 February 2016

First, a review of last week’s forecast:

- initially everything was going according to plan for EUR/USD – it rebounded to resistance at 1.0990 but then, instead of reversing and going down, it soared up to the values of last September-October. The reason for that was simply comments by US Federal Reserve official William Dudley who expressed doubts about the Federal Reserve raising interest rates in 2016...

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February 1, 2016

Forex Forecast for 1-5 February 2016

First, about last week’s predictions:

- EUR/USD once again proved that the majority opinion may be wrong. The pair’s bullish sentiment was supported by only 25% of the experts and graphical analysis on D1 but it is they who turned out to be right – straight from the market opening, the pair went up sharply and then, as predicted, plunged as sharply almost to the level of the start of the week...

 

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January 25, 2016

Forex Forecast for 25-29 January 2016

First, a review of last week’s forecast:

- the experts’ opinion about EUR/USD’s bearish sentiment proved right – the pair fell by 120 points during the week. However, this is exactly how short it was of the 1.0650 low indicated by graphical analysis. Thus, the forecast came half true...

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January 18, 2016

Forex Forecast for 18-22 January 2016

For starters, a review of last week’s forecast:

- the forecast for EUR/USD panned out almost fully – according to the experts and graphical analysis on H1, the pair was supposed to be in a sideways trend, rebound from the upper boundary of the channel early in the week, then drop and return to the upper boundary...

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January 10, 2016

Forex Forecast for 11-15 January 2016

First, about the forecast for the past week:

- the forecast for EUR/USD was fully implemented during the first half of the week. According to graphical analysis, the pair first rose to resistance at1.0900 and then went down, losing 200 points quite quickly. After that, considering the situation on stock markets, the pair returned to 1.0925, recovering the same 200 points...

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January 4, 2016

Forex Forecast for 4-8 January 2016

First, a review of last week’s forecast:

- despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015...

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December 28, 2015

Forex Forecast for 28-31 December 2015

First, a review of last week’s predictions:

- graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair saw Christmas at 1.0950 resistance...

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December 21, 2015

Forex Forecast for 21-25 December 2015

First, a review of last week’s forecast:

- the scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher...

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December 14, 2015

Forex Forecast for 14-18 December 2015

First, a review of the forecast for the past week:

- the publication of the last forecast for EUR/USD (a further rise and reaching 1.1000-1.1100) made  skeptics say that couldn’t be right. Apparently, it could just as well. Already on Thursday, the pair got up to 1.1042 and reached 1.1030 next day, thus ‘scoring a brace’ in football terms...

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