Жовтень 17, 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 – 21 October 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 – 21 October 2016First, a review of last week’s forecast:

– referring the future EUR/USD, the overwhelming majority of experts (90%) predicted that the pair would decline to the area of 1.1000, which did happen. First with a single bound it travelled 220 points by Thursday, then it stalled at the level of 1.0985, following which we saw a 70 points rebound, in a result of which many traders, using averaging of positions, could recover from a deep drawdown and catch a break. Then the pair again reversed to the south and on Friday evening it made a second attempt to consolidate below the support of 1.1000, wrapping up the week at the level of 1.0970...

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Жовтень 9, 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 10 – 14 October 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 10 – 14 October 2016First, a review of last week’s forecast:

– as a reminder, predicting the future of EUR/USD most experts pointed to the south. NFP print (US Non-Farm Payrolls) was expected to increase from 151К to 170К–176К. On the back of this forecast during the whole second half of the week the bears had been steadily pushing the pair down, to the support of 1.1120, specified by the experts. However, the Bureau of Labor Statistics of the USA threw a curve: first, it adjusted its data for August - 151К instead of 167К, and then it announced that the print for September made 156К. Eventually, instead of expected rise we saw a drop, and ultimately EUR/USD pair returned to the last months’ pivot point – to the level of 1.1200, very quickly...

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Жовтень 6, 2016

September 2016: Pitfalls of Trading Signals Viewed by Analyst of NordFX

September 2016: Pitfalls of Trading Signals Viewed by Analyst of NordFXIt is always interesting to watch how people make their choice and then understand why it happened. What is meant here is not future USA presidential elections, but the choice of the investors, subscribing to trading signals in the same-name service in MT4 platform. After all, people are not just subscribing, they virtually trust their, often considerable!, funds to a given trader - provider of the signals.

It is well-known that anything money-related requires special attention. Naturally, this also applies to automatic copying of trades of other traders. Technically, it is possible just to choose the provider of the signals showing the maximum profit and copy his trading. But is it always the best option? As usual, the leading analyst of NordFX broker company John Gordon expresses his opinion on the subject. And, as often happens, he is not inclined to look at the choice of the subscribers only through rose-coloured glasses.

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Жовтень 3, 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 – 07 October 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 – 07 October 2016First, a review of last week’s forecast:

– as a reminder, forecasting the future of EUR/USD, 60% of analysts voted for the pair’s rise up to the resistance of 1.1260–1.1280, and on Monday the pair actually reached the level of 1.1279. 40% of experts supported its fall, and on Friday the pair tested the bottom in the area of 1.1150. This time the number of supporters of the sideways trend was equal to 0. But if at least one expert had pointed to the east, his very forecast would have turned out to be the most accurate, as the pair ended the week almost where it had started from – at the level of 1.1240...

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Вересень 26, 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 26 – 30 September 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 26 – 30 September 2016First, a review of last week’s forecast:

– the most intriguing for EUR/USD last week was whether the ascending channel, which had started in July, would continue. However, the acting of the pair didn’t give a clear answer to that question. Indeed, after the breakout, as expected, the pair went down to the support in the area of 1.1100–1.1120. But then, having rebounded from it the pair returned to the lower boundary of the uptrend and, having turned it into the resistance, continued its moving upwards...

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Вересень 19, 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 19 – 23 September 2016

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 19 – 23 September 2016First, a review of last week’s forecast:

– giving the forecast for EUR/USD, the vast majority of experts believed that for a while the pair would be moving sideways backing on the support of 1.1200, which was happening during the whole week, up until the middle of Friday. But then, instead of going up, the pair made a breakthrough to the south. Only one analyst predicted such a possible decline, in his opinion, the pair would break through the boundary of the ascending channel and go down to the support of 1.1120, which, however, it failed to reach, having stalled at the level of 1.1150...

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Вересень 12, 2016

Forex Forecast for USD, GBP, JPY and CHF for 12 – 16 September 2016

Forex Forecast for USD, GBP, JPY and CHF for 12 – 16 September 2016First, a review of last week’s forecast:

– as for the forecast for EUR/USD, those 40% of experts, who believed that the pair would go up to the resistance of 1.1300, which virtually happened, were right. As expected, the ECB interest and deposit rates decision and corresponding commentary from the governor of the mega-regulator turned out to be the key event for it. Eventually, having reached the level of 1.1325 on Thursday, the pair showed impressive volatility, then it reversed and went down, wrapping up the week around the strong level of support/resistance of 1.1230...

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Вересень 5, 2016

Forex Forecast for USD, GBP, JPY and CHF for 05 – 09 September 2016

Forex Forecast for USD, GBP, JPY and CHF for 05 – 09 September 2016First, a review of last week’s forecast,:

– as for the forecast for EUR/USD, those 50% of experts, which reckoned that, for sure, the pair would try to retest the bottom in the area of 1.1200, turned out to be right. The indicators on H4, which pointed to the south (where the pair did move early week), as well as the ones on D1, which predicted a sideways trend (on Thursday the pair returned to the figures of Monday), turned out to be right. Diverse data on the USA economy at the end of the week put in pie, and thus the pair started to jig up and down, and eventually it wrapped up the week at the level of 1.1150 – at that very area, where as far back as last June the long-term sideways trend, keeping EUR/USD within the range of 1.0500 – 1.1500, had started...

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Серпень 29, 2016

Generalized Forex Forecast for 29 August – 02 September 2016

Generalized Forex Forecast for 29 August – 02 September 2016First, a review of last week’s forecast, which for all four pairs may be considered if not 100%, but at least 90% fulfilled:

– all three variants of the forecast for EUR/USD, suggested by the experts last week, considered the level of 1.1200 as the ultimate target, which was actually reached on Friday evening, “supported” by the U.S. Federal Reserve Chair Janet Yellen, having brought hope to investors for the rate hike by the Fed before the end of 2016...

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Серпень 24, 2016

Olympic DemoCup from NordFX – Games, Which Traders Make Money on

Olympic DemoCup from NordFX –  Games, Which Traders Make Money onIn parallel with the Olympic Games in Rio de Janeiro, Forex broker NordFX held its own "Olympic Games".

And so, the Olympic flame went out. For some this sport event became the way to the medal stand, for others – bitterness of defeat.

The rush of winning is in human nature, and this refers not only to wrestlers or track and field athletes, but also... to traders. Each of us wants to prove to the whole world, that he is faster, stronger, and more successful than the others. Sportsmen demonstrate it during the Olympic Games and the championships, as for the traders, DemoCup contest, which has been held for six years now by Forex broker NordFX, gives them such opportunity.

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Серпень 22, 2016

Generalized Forex Forecast for 22 – 26 August 2016

Generalized Forex Forecast for 22 – 26 August 2016First, a review of last week’s forecast:

– the forecast for EUR/USD reckoned that having rebounded from the support of 1.1100, the pair would go up – to the resistance of 1.1230, and if it was broken through, the pair could heave upwards by further 100 points – up to the level of 1.1330. Considering the backlash, common to the levels of support/resistance on D1, the forecast can be considered as panned out: having bounced off the level of 1.1153, as early as Tuesday the pair broke through the first resistance and consolidated above it. By Thursday it had approached the second resistance, by inertia it slipped past further 35 points, and then it returned to the area, specified by experts, wrapping up the week at the level of 1.1325...

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Серпень 15, 2016

Generalized Forex Forecast for 15 – 19 August 2016

Generalized Forex Forecast for 15 – 19 August 2016First, a review of last week’s forecast:

– the forecast for EUR/USD reckoned that early in the week the pair could tick up to the level of 1.1130, and if it was broken through – it would go up to 1.1170. The high of 1.1220 was indicated as the third resistance. The pair fully fulfilled the plan: on Tuesday it reached the level of 1.1130, on Wednesday it broke through it, got to the mark of 1.1170, having turned it into the pivot point, and on Friday it took the high of 1.1220 on news from the USA. After this uprise the pair rushed back, failing to drive out of the range of the three-month descending channel...

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Серпень 8, 2016

Generalized Forex Forecast for 08 – 12 August 2016

Generalized Forex Forecast for 08 – 12 August 2016First, a review of last week’s forecast:

– as to EUR/USD, the pair met expectations of both those experts supporting its rise to the area of 1.1250 and those predicting that the pair would start going south. So earlier in the week the pair surged upwards, reaching the mark of 1.1235 on Tuesday, and afterwards it reversed and showed an equal plunge. Acting of the pair on Friday was somewhat surprising, when the USA data were announced. As a reminder, the forecast reckoned that NFP could drop from 287k to 175k. Actual value (255k) indeed came out lower than the previous one, but not enough to meet expectations of the market. Eventually instead of weakening, the greenback strengthened its positions, rebounding by over 100 points versus euro. However then the pair returned to the pivot point of the last six weeks – to the area of 1.1090...

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Серпень 1, 2016

Generalized Forex Forecast for 01 – 05 August 2016

Generalized Forex Forecast for 01 – 05 August 2016First, a review of last week’s forecast:

– as to EUR/USD one alternative forecast suggested that the pair would move in a sideways channel with the support of 0.9550 and the pivot point of 1.1000. The United States Federal Reserve Interest Rate Decision and the corresponding statements, due to be released on Wednesday, were supposed to change this trend. And that was the case: the miracle didn’t happen, to the utter disappointment of investors, the interest rate was kept on hold at 0.5%, and thus the greenback fell against euro by around 200 points...

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Липень 25, 2016

Generalized Forex Forecast for 25 – 29 July 2016

Generalized Forex Forecast for 25 – 29 July 2016First, a review of last week’s forecast:

– as to EUR/USD, the majority of experts believed that the pair would continue moving in a sideways channel. This prediction may be deemed as panned out, if we consider the month range of 1.0970–1.1180, at which the pair appeared to stall after Brexit.  With this, it should be mentioned that only 25% of analysts predicted that the pair would go down and strive to retest the low of June 24 at the level of 1.0900, and there are only around 50-60 points left before it reaches this level...

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Червень 23, 2016

British Pound – Nosedive After Brexit

British Pound – Nosedive After BrexitAfter Brexit every second Brit predicts the end to the United Kingdom within the next 10 years. These are the shocking data of survey conducted by BBC. It is clear, that such turmoil cannot but effect the future of the British pound as well – one of the major currencies being traded on the Forex market now.

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Липень 17, 2016

Generalized Forex Forecast for 18 – 22 July 2016

Generalized Forex Forecast for 18 – 22 July 2016First, a review of last week’s forecast:

– as to EUR/USD, the forecast for this pair may be considered only partly fulfilled – the experts reckoned that the pair would move in a sideways channel, but only after its sliding down, as a result of which the level of 1.1050 should act as the resistance zone. However, as the last week showed, it continued to act as the upper boundary of the support area of 1.1025–1.1050, and all attempts to break through it failed. Eventually the pair has been moving  within the range of 1.1025–1.1160 for almost three weeks, which is, obviously, due to the uncertainty around effects of Brexit on Europe...

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Липень 10, 2016

Generalized Forex Forecast for 11 – 15 July 2016

Generalized Forex Forecast for 11 – 15 July 2016First, a review of last week’s forecast:

– as to EUR/USD, the forecast for this pair may be considered as 100% fulfilled. As a reminder, based on the readings of the graphical analysis a sideways trend within the range of 1.1035–1.1180 was indicated as the main scenario. Indeed, the pair was keeping within 1.1028–1.1185 during the entire week, and even Friday release of NFP data couldn’t drive it out of this channel for long. Eventually the pair wrapped up the week at the level of 1.1050...

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Липень 4, 2016

Generalized Forex Forecast for 04 – 08 July 2016

Generalized Forex Forecast for 04 – 08 July 2016First, a review of last week’s forecast:

– as to EUR/USD, those 20% of analysts, suggesting the gradual rise of the pair, alike the rise of USD/CHF after the ‘Black Thursday’ as of 01/15/2015, turned out to be right. At least, over the past week the pair regained nearly 150 points and wrapped up the week within the area of lows seen in late May – early June...

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Червень 26, 2016

Generalized Forex Forecast for 27 June – 1 July 2016

Generalized Forex Forecast for 27 June – 1 July 2016First, a review of last week’s forecast:

 – all last week’s forecasts were made with the proviso that they would remain in force only before the beginning of the UK referendum. And given that very proviso, the prediction for EUR/USD may be considered as panned out. The majority of both experts and indicators reckoned that the pair would rise to the area of 1.1340 – 1.1400. The level of 1.1200 was referred to as the main support. Eventually, notwithstanding various expectations as to the outcome of the British plebiscite, the pair could keep within the range of 1.1235 – 1.1420. As to Friday, June 24, that day the pair plunged by 500 points, then it retraced a half of the movement – up to the level of 1.1190 and ended the week at the levels of late May – at the area of 1.1100...

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Червень 23, 2016

Cowboys vs. Samurai. Which Currency Will Come Out on Top: US Dollar or Yen?

Cowboys vs. Samurai. Which Currency Will Come Out on Top: US Dollar or Yen?USDJPY currency pair is among the top five most popular pairs either in Forex market or when trading binary options, therefore not only governors of the central banks and managers of the hedge funds, but also millions of private traders around the world care for its future.

So what awaits the Japanese yen during the coming 12 - 18 months?

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Червень 19, 2016

Generalized Forex Forecast for 20 – 24 June 2016

Generalized Forex Forecast for 20 – 24 June 2016First, a review of last week’s forecast:

– making a forecast for EUR/USD, both experts and technical analysis unanimously voted for a sideways trend with a bearish sentiment, which was 100% fulfilled – discrepancy between the levels of the beginning and the end of the week made just around 20 points, therewith the pair tended to go south. The graphical analysis on Н4 pointed to the support of 1.1210, and, having reached this level on Tuesday, the pair bounced off it and moved upwards on Wednesday. The pair succeeded to break through the above-mentioned support only on Thursday and, as predicted by the graphical analysis on D1, the pair quickly reached the bottom at the area of 1.1135, following which it returned to the values of the early week...

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Червень 13, 2016

Generalized Forex Forecast for 13 – 17 June 2016

Generalized Forex Forecast for 13 – 17 June 2016First, 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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Червень 5, 2016

Generalized Forex Forecast for 6 – 10 June 2016

Generalized Forex Forecast for 6 – 10 June 2016First, 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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Червень 3, 2016

Dolce Vita of Futures and Binary Options

Dolce Vita of Futures and Binary OptionsIt’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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Травень 29, 2016

Generalized Forex Forecast for 30 May – 3 June 2016

Generalized Forex Forecast for 30 May – 3 June 2016First, 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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Травень 22, 2016

Generalized Forex Forecast for 23 - 27 May 2016

Generalized Forex Forecast for 23 - 27 May 2016First, 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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Травень 16, 2016

Generalized Forex Forecast for 16 - 20 May 2016

Generalized Forex Forecast for 16 - 20 May 2016First, 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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Травень 9, 2016

Generalized Forex Forecast for 9-13 May 2016

Generalized Forex Forecast for 9-13 May 2016First, 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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Травень 2, 2016

Oil Price Hike: To Be or Not to Be?

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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