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NordFX is Recognized as the Most Reliable Broker of the Year Yet Again

Exactly one year ago our company was declared the winner for 2016 in the ‘The Most Reliable Broker’ category according to TheForeXAwards.com. This year, we were once again named ‘The Most Reliable Broker’ at the ShowFx World finance conference, which was held in Singapore in late October, this time for 2017.

Many leading specialists in the field of trading and investments attended this landmark event as guests. We are sincerely grateful to the Forex community for yet again honoring us with this noteworthy award.

Reliability is more than just one of many criteria for evaluating the work of a broker. It represents the face of a company in which traders entrust not only money, but also their hopes for a better future. That is why the protection and safety of our clients' funds has always been and will always remain the top priority at NordFX.

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 13 - 17, 2017

First, a review of last week’s forecast:

- Just this summer, strategists of many large international banks had designated the 2015 and 2016 highs in the zone 1.15-1.16 as momentous for EUR/USD. The past two weeks of November confirmed this: this entire time the pair has been moving east along the horizon 1.1600, and its main fluctuations, aside from rare inconsistencies, were within the boundaries of 1.1575-1.1660. It was in this upper border of the side corridor that the pair completed the weekly session;

- GBP/USD. This pair has been in a horizontal trend within 1.3035-1.3320 for more than a month. As for this past week, it saw the bulls try to win back losses of the first days of November. However, pushing away from the lower border of the channel, they were able to rise only slightly higher than its Pivot Point, finishing close to the level of 1.3200;

- USD/JPY did not bring any surprises. As expected, it once again tried to test the upper boundary of the mid-term lateral channel 108.00-114.50. And, as expected, after having failed, it took a breather and sank to the support of 113.00, drawing out a textbook descending channel on the chart;

- Recall that two weeks ago, 75% of analysts, with full support of technical analysis, said that USD/CHF would certainly try to gain a foothold above 1.0000. This scenario turned out to be 100% true. However, without the support of EUR/USD, the forward momentum of the pair dried up: never reaching the final target of 1.0100, it moved to a lateral movement, ending the five-day period at 0.9960.


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. An overwhelming majority of experts (65%) vote for the growth of this pair, albeit a small one. In their opinion, having beaten off from strong support / resistance level 1.1665, the pair should go up: first to 1.1725, and then another 100 points higher. Both graphical analysis and about 70% of indicators on H4 agree with this scenario. However, when switching to the D1 timeframe, the picture changes to the opposite - here most of the indicators predict the pair's fall to 1.1555. The following support is in the 1.1475 zone;

- The outlook for GBP/USD is negative: over 60% of analysts and graphical analysis on D1 think so. The nearest support is at 1.3035, and in case of its breakthrough – at 1.2870. An alternative point of view is expressed by 15% of experts and by indicators on D1, but even here a quarter of the oscillators signal the pair is overbought. As for the remaining 25% of analysts, in their opinion, the pair will continue to move in the lateral channel 1.3035-1.3320;

- The forecast for the USD/JPY fluctuates between neutral and negative. 70% of experts and about a half of trend indicators and oscillators vote for a downtrend. 40% of the indicators have taken a neutral position, while only 10% of them light up green. Nevertheless, 30% of analysts side with the bulls. The targets remain the same as previously. For the bulls, it is to try to gain a foothold above the upper boundary of the mid-term side channel, which is 114.50. For the bears, it is to return to the Pivot Point of this channel in the 111.70 zone;


- USD/CHF. As often happens, the forecast for this pair mirrors the forecast for the EUR/USD, with this case being no exception. 65% of experts with the support of indicators on H4 predict the pair will fall to support 0.9860. The remaining 35% of analysts disagree with this: according to them the pair will rush again to storm the height of 1.0100 from the very start of the week. As for graphical analysis, it offers an alternative opinion on D1: an initial descent to the level of 0.9860, followed by a rise to 1.0100, and then by lateral movement in this channel.

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

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 20 - 24, 2017

First, a review of last week’s forecast:

- Recall that, when giving the forecast for the EUR/USD, the overwhelming majority of experts (65%) supported the growth of this pair. In their opinion, having beaten off strong support/resistance level 1.1665, the pair should go up - first to the height of 1.1725, and then another 100 points higher.
This is exactly what happened - on Monday and part of Tuesday the pair moved in the side corridor along the horizon 1.1665, and then, rushing upwards, on Wednesday it reached the height of 1.1860. The reason for such a rapid spurt was the statistics of the Eurozone, whose GDP has been growing for the fifth consecutive month. In addition, the index of economic sentiment from ZEW was better than expected - 30.9 against 29.3.
Then the pair sharply turned to the south, which again was caused by the positive statistics, which this time came from the United States. Data on inflation and the consumer market supported the dollar, and it was able to win back about 70 points from the euro and completed the week in zone 1.1790;

- GBP/USD. More than 60% of analysts gave a negative forecast for this pair, naming horizon 1.3035 as support. The pair really immediately rushed down, however, not reaching the goal of some 25 points, changed the trend to ascendant and on Friday, it almost touched the mark 1.3260. Then, here again, the dollar managed to win back several tens of points, and the pair returned to the marks of the beginning of the week at 1.3200;

- 70% of experts and about half of the trend indicators and oscillators voted for the downtrend for the USD/JPY. Pivot Point of the mid-term side channel 108.00-114.50 in the area of 111.70 was named as target. Considering that in reality Pivot Point is not a line, but a corridor of a certain range, we can assume that this forecast came true all 100%, the pair went to the south about 175 points and reached the local bottom at the level of 111.95 during the week;

- The forecast was correct for the USD/CHF as well. As predicted by 65% of experts, supported by indicators on H4, by mid-week the pair fell to the level of 0.9845, after which the rebound up by 100 points followed.
It should be noted that such a fracture had been calculated quite precisely by graphical analysis, which had indicated first the fall of the pair to the level of 0.9860, and then its rise.


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 quite difficult to determine the weekly trend for this pair this time, since exactly a half of the experts vote for its fall, and the second half are for its growth. In this regard, most promising is the forecast, which is given by graphical analysis. According to its readings on H4, the pair will move in the side corridor in the range from 1.1700 to 1.1860 for a while. At this, first the pair is expected to go down to the lower border of the given channel, and then to bounce up.
Graphical analysis on D1 draws a wider range of oscillations - reduction to support 1.1600, and subsequent retreat to the height of 1.2050.
It should also be noted that throughout the coming week, data on the state of both the European economy and the economies of the United States, Japan, Germany and Switzerland will be published. However, volatility in the market is likely to be caused by the ECB head M. Draghi's speeches on Monday, November 20 and the Fed Chair J. Yellen on Wednesday, November 22, as well as the hearing of the inflation report in the UK, the ECB's monetary policy meeting and the publication of the minutes of the meeting of the Board of Governors of the US Federal Reserve;

- it seems that the GBP/USD will continue to move in a fairly wide medium-range lateral channel, which began in late September - early October this year. The lower boundary of the channel is 1.3035, the upper boundary is 1.3320. 40% of experts, supported by almost 90% of indicators and graphical analysis on D1, believe that the pair, in an attempt to break the upper limit, will move to the north. However, most analysts (60%) tend to believe that it will stay for a while in the central zone of the channel, moving west in the range of 1.3100-1.3235;

- The USD/JPY also continues to fluctuate within the channel 108.00-114.50. At the same time, 75% of experts believe that in the coming days it will once again test the support in the Pivot Point zone of this channel 111.70. 60% of analysts are sure that it will not be able to overcome it, and it will once again rush to the height of 114.50.
Indicators also support such a scenario. At the moment, 90% of them are painted red, with a quarter of the oscillators pointing the pair is oversold, which is a fairly accurate signal for the trend to reverse;

- USD/CHF. 60% of experts and 75% of indicators point to the south, the nearest target is 0.9800, the next - 0.9715. An alternative point of view is represented by 40% of analysts and graphical analysis on D1, according to which the bulls have not yet fully exhausted their potential, and the pair is expected to grow, at least, to mark 1.0100. The nearest resistance is 0.9940, which, after the breakdown, will become the main support.

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.

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 27 November - 1 December 2017

To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:

- Regarding EUR/USD, we named the forecast based on graphical analysis as the most promising one last week. Our decision was not a mistaken one. Recall that, according to readings on H4, the pair was expected to spend some time moving in the side corridor in the 1.1700 to 1.1860 range. After hitting the lower border of this channel, it was expected to sharply rise. This is exactly what happened: having designated a local minimum at the level of 1.1712 and being propelled by Trump's decision regarding North Korea and news from the US Federal Reserve, the pair started heading north on 21 November. It reached its maximum at 1.1943 by the end of the week;

- Giving a forecast for GBP/USD, 60% of analysts were inclined to believe that it would linger for some time in the central zone of the medium-term side channel, which began in late September - early October. As for the remaining 40% of experts, supported by almost 90% of the indicators, they expected the pair to leave this zone and go to the upper border of the channel.
This scenario was implemented with 100% accuracy: until the middle of the week, the pair had struggled to stay close to the center of the medium-term corridor, using its Pivot Point as support, and then rushed up, reaching the October maximum at 1.3338 on Friday;

- USD/JPY. Most experts (75%), supported by an absolute majority of indicators (90%), stated that the pair would necessarily test the support in the Pivot Point area of the medium-term 108.00-114.50 side channel. This forecast was also fully correct. Having broken through the level of 111.70, the pair found the week’s minimum at 111.05, after which it fought back up, meeting the weekend in the zone 111.50;

- The forecast for USD/CHF was correct as well. 0.9940 was indicated as the nearest resistance. As predicted by 60% of experts and 75% of indicators, the pair rebounded from this level and went south. 0.9800 was identified as a target, and the pair froze near it by the end of the week.


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:

- 65% of experts predict further weakening of the dollar and the growth of EUR/USD to at least 1.2000. The next resistance levels are 1.2045 and 1.2090, which were the August peaks. Both graphical analysis and 100% of trend indicators agree with this forecast. As for the oscillators, almost a third signal that the pair is overbought. 35% of analysts are talking about a possible downwards correction: according to them, the pair may fall to the support at 1.1855, and in the event of its breakthrough, to the 1.1800 area;

- 70% of experts, graphical analysis on D1 and 100% of indicators agree that the dollar will continue to fall relative to the British pound as well. In their view, the upward trend of the GBP/USD that began in January 2017 will continue, and the pair will rush to the September high in the 1.3650 zone. The nearest resistance is 113.25.
An alternative forecast, supported by 30% of analysts, suggests that, having reached the upper boundary of the "autumn" medium-term channel of 1.3035-1.3335, the pair should return to its Pivot Point at 1.3200;

- The dollar’s weakening, according to 70% of experts, will also concern the USD/JPY. The pair’s target is in the 110.00-110.50 area. However, in the medium term the picture changes: here 65% of analysts vote for the pair's rise to 112.00-113.45, and then to 114.45. Graphical analysis and several oscillators on D1 also testify in favor of such a development;

- Southwards and only southwards: this is what 70% experts, graphical analysis on D1, 100% of trend indicators, as well as 80% of oscillators on H4 and D1 suggest. The support levels are 0.9750, 0.9675 and 0.9560.
As for graphical analysis, it joins 20% of oscillators in indicating that before falling, the pair may temporarily rise to 0.9865.
Finally, 30% analysts strongly disagree with the bears' supporters: according to them, the pair is expected to return to 1.0000 in the near future.


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

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

To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:

- As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD. At the beginning of the week, it seemed to have gone north, continuing the main trend of November, but the bulls' strength quickly dried up, and soon the pair retreated to where one third of analysts and oscillators had indicated - to the local bottom in zone 1.1800. However, while the pair was falling, the bulls regained their forces and by the end of the week they managed to bring it back to the level of 1.1900 - practically to the same place where the pair started on Monday;

- When giving forecast for the GBP/USD, 70% of experts, graphical analysis on D1 and all indicators had agreed that the upward trend of the pair, which started in January 2017, would continue, and it would rush to the September high in the zone 1.3650. The level of 1.3450 was named as the nearest resistance.
It is common knowledge that the truth is in the middle. So, it happened this time too - the maximum peak that the pair could conquer was the height of 1.3550, after which the forward impulse of the pair came to naught, and it completed the week at 1.3470;

- USD/JPY. The forecast for this pair assumed it would go down to the zone of 110.00-110.50 with the subsequent rise to the zone 112.00-113.45. This is what happened, with minor amendments. First, the pair dropped to the level of 110.83, and then, having turned around, it went up, rising to the height of 112.87. Afterwards, a powerful leap down 140 points followed, then up 80, and the finish was at 112.20;

- The basic forecast was accurate for the USD/CHF too. «Southwards and only to the south,"- claimed 70% of experts, graphical analysis on D1, 100% trend indicators and 80% of oscillators. The support was 0.9750. At the same time, graphical analysis on H4 together with the remaining 20% of oscillators warned that before going down, the pair could temporarily rise to the level of 0.9865.
The fairness of this forecast is clearly visible on the pair's chart - a smooth slow rise to the height of 0.9880, then a throw to the south to horizon 0.9733 and the week finished almost where expected, at 0.9760.


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:

- Exactly like last week, 65% experts predict a further weakening of the dollar and the growth of the EUR/USD at least to 1.2000. The following resistance levels are 1.2045 and 1.2090, the August maximum. Both graphical analysis and 95% of indicators agree with this forecast. But as for the medium-term forecast, the number of bulls' supporters is reduced to 35%, and the balance bows to the bears' side. According to the latter, starting from August, the pair is in a sideways trend in the range of 1.1575-1.2090, and therefore, having reached the upper border of this channel, it should turn around and rush to its Pivot Point in zone 1.1835.
At the same time, when opening positions on EUR/USD, it is necessary to take into account events that may affect the trend change or increase the volatility of this pair. Among the main events are the ECB meeting on Wednesday 6 December, publication of data on Eurozone GDP on Thursday and Friday publication of data on the US employment;

- The dollar is expected to weaken against the British pound as well. Thus, in the opinion of 60% of experts, graphical analysis on H4 and D1, as well as about 90% of indicators, the goal of the GBPUSD is a maximum of September 20 at 1.3650. The nearest resistance is 1.3600.
In case the trend reverses right now, the strongest support will be located at the levels 1.3325, 1.3265 and 1.3050. It is necessary to note here that the pair has been moving in the side corridor 1.3050-1.3325 for nearly two months and it was only last week that it managed to break through its upper border. Therefore, the desire of the bears to return it to this framework is strong enough, and they are ready to implement it at the first opportunity. Almost 70% of analysts do not rule out such a scenario in the medium term;

- If you try to give any forecast for the USD/JPY using indicators, you won't be able to do so. Some of them are painted in green, some in red, and some in neutral gray, both on H4, and on D1, And, this concerns both trend indicators and oscillators.
Among experts, there is a slight advantage (60% versus 40%) of those siding with the bulls, in their opinion the pair will once again try to rise to the level of 113.30-114.00, which is confirmed by graphical analysis on H4 as well. However, if we look at the D1 chart, the pair's desire to re-test the Pivot Point of the medium-term side channel 108.00-114.50 in the area of 111.70, becomes evident. If this line is broken through successfully, the pair will rush again to its lower boundary. This is exactly what we could observe in the period from March 22 to April 11, from May 17 to June 6 and from July 20 to July 31 this year;

- USD/CHF. 45% of experts believe that having reached a strong support/resistance level of 0.9760, the pair will break up and go to resistance 0.9845, and, in case of its breakthrough, and another 100 points higher. Graphical analysis on H4 and D1 as well as a quarter of the oscillators indicating that the pair is oversold, vote for this development as well.
Speaking about the movement of the pair to the north, it should also be noted that in the medium term, the number of supporters of its growth to the level of 1.0100 increases to 65%. At the same time, the bears who predict a decline of the pair to the 0.9700 level, prevail among analysts (55%).


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.

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 11 – 15 December 2017

First, a review of last week’s forecast:

- Medium-term forecasts often come true much faster than expected. 65% analysts had expected that EUR/USD would test the midpoint of the 1.1575-1.2090 side channel - along which it has been moving for several months - in the medium term. However, it was just last week that the pair once again returned to the August values, completely defying the bulls' short-term expectations;

- A similar situation developed for GBP/USD. 70% of experts had expected its growth in the short term, and 70% of experts expected its fall in the medium term. It was also noted that the bears’ desire to return the pair to the boundaries of the 1.3050-1.3325 side corridor was strong enough and they would act on it at the first opportunity. This is what happened: on Thursday, 7 December, the pair fell to 1.3318, and finished the week’s session at 1.3380;

- USD/JPY. It was unfeasible to give any forecast for this pair with the help of indicators, using either H4 or D1: some of them were painted green, some red, and some neutral gray. As for the experts, the bulls had a slight advantage (60% versus 40%): according to them the pair was supposed to once again rise to the level of 113.30-114.00. This was confirmed by graphical analysis on H4. However, on D1, the pair seemed posed to once again test the Pivot Point of the medium-term side channel 108.00-114.50 in the 111.70 vicinity.
If you look at the graph, it becomes obvious that both these forecasts turned out to be correct. The pair dropped to 111.98 by the middle of the week and then made a u-turn, rushing to where the bulls were expecting it; by the end of the five-day period it reached the height of 113.58;

- USD/CHF. 45% experts had claimed that once it reached a strong support/resistance level of 0.9760, the pair would rebound first to the resistance at 0.9845, followed by another 100 points up. This scenario had been confirmed by the oscillators as well, which had indicated it was oversold. The forecast turned out to be 100% true, with the pair having steadily moved north during the entire week, fixing a maximum at 0.9975. Then it experienced a rebound of 50 points, and it froze at 0.9925.


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:

- As the Christmas holidays and the year’s end approach, we should expect the usual decline in financial activity. However, as trading becomes "thinner", it becomes possible for even minor speculators to influence rates.
Regarding EUR/USD, the bears have a serious advantage (80% vs. 20%): they expect the pair to continue falling to the lower boundary of the medium-term side channel 1.1575-1.2090. At the same time. it is possible that in the coming days the pair will move in a much narrower range - 1.1685-1.1900.
Graphical analysis and about 70% indicators also agree with this forecast. As for the bulls' supporters, they are corroborated by the roughly third of oscillators which indicate the pair is oversold. However, in this scenario the pair should not rise above the zone 1.1850-1.1900;

- The readings of the indicators regarding the future of GBP/USD on H4 and D1 are diametrically opposed. On H4, most of them point to the south, and on D1, they look to the north. A similar situation occurs with graphical analysis. Experts, however, are dominated by bearish sentiments: 65% of them have voted for the fall of the pair. The nearest support is in the 1.3300 zone, with the next one being in the 1.3125-1.3200 area. The main resistance is located at 1.3550;

- USD/JPY. Here, just as last week, most experts (75%) are voting for the continued growth of the pair. The targets are 114.00, 114.45 and 114.75. This forecast is supported by almost all indicators and graphical analysis. On the other hand, 25% of oscillators on H4 signal the pair is overbought, which may cause it to fall to 112.00-113.00;

- USD/CHF. 90% experts, graphical analysis on D1 and 90% indicators on H4 and D1 believe that the pair will continue its growth to 1.0100. The nearest resistance is at the parity level of 1.0000.
A mere 10% of analysts and 10% of oscillators adhere to the opposite viewpoint, thinking that the pair is overbought: they expect a decline to support 0.9880. The next support is at the level of 0.9845.

Roman Butko, NordFX

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 18 – 22 December 2017

First, a review of last week’s forecast:

- The Christmas holidays simply cannot help affecting financial market participants. They are the reason most analysts expected EUR/USD to move in the rather narrow range of 1.1685-1.1900. In fact, this channel turned out to be even narrower, ending up being 1.1717-1.1862, with the week’s fluctuations not exceeding 150 points. Thus, the week produced no real results: the pair ended it in almost the same place where it started, namely in the 1.1750 zone;

- In giving a forecast for GBP/USD, most experts (65%) voted for its fall, identifying 1.3300 as the support level. This was the level the pair descended to in the middle of the week. It then rebounded briefly, before returning and finishing the week there on Friday, 15 December.

- USD/JPY. Here, as is often the case, the analysts were defeated by the oscillators. Recall that the former voted for the continuation of the uptrend; the latter, meanwhile, signalled that the pair was overbought and could decline to 112.00-113.00, and proved completely correct: the weekly minimum was fixed at 112.02. The pair then rose 60 by points and stopped at 112.62;

- USD/CHF. Here the readings of many oscillators also said that the pair was overbought and would likely move south, and identified 0.9880 and 0.9845 as support levels. This forecast was fully vindicated. The pair repeatedly tried to break through the level of 0.9880 during the first half of the week, and an attempt on Wednesday ended up being successful. As a result, the pair sank to the second support level in the 0.9840 zone. After this, a reversal followed, and, like EUR/USD, USD/CHF returned to the week’s starting values.

Christmas: the end of the financial year ... Banks and funds have already wrapped things up and the Forex market is experiencing a lull. Therefore, as long as nothing extraordinary happens in the world (and we sincerely hope nothing does!), there should not really be any serious exchange rate fluctuations.
In these conditions, it is very difficult to make forecasts. This time, we, as usual, summarize the opinions of analysts from a number of banks and brokerages, as well as forecasts made on the basis of a variety of technical and graphical analysis methods. However, the overwhelming likelihood is that we will only be able to tell which of them came true at the beginning of the new year. Thus:


- Starting with EUR/USD, there is a very slight advantage on the side of the bears. 45% of experts have voted for the fall of the pair, 30% for its growth, and the remaining 25% have predicted a lateral trend. The situation remains the same with technical analysis, with about half of the indicators pointing southwards. However, it should be noted that about 20% of oscillators indicate that the pair is oversold. The resistance levels are 1.1815 and 1.1860; the support levels, meanwhile, are 1.1720 and 1.1650;

- GBP/USD. 50% of analysts expect growth, 25% a decline, and 25% predict a lateral movement. Most trend indicators (70%), like oscillators, are coloured red. At the same time, a third of the oscillators indicate that the pair is oversold. Graphical analysis agrees with them, showing a possible rise of the pair to 1.3425 on H4, and even higher to 1.3550 on D1. After that, the pair is expected to descend first to 1.3300, and then even lower to the support at 1.3225 (as per H4) or to 1.3065 (as per D1 readers). 65% of experts support such a medium-term drop;

- USD/JPY. Here, most analysts (65%), graphical analysis and indicators on H4 have firmly sided with the bears, expecting the pair to fall to at least 110.85. 30% of experts are waiting for the pair to return to 113.70. The remaining 5% of experts, as well as trend indicators and oscillators on D1, have taken a neutral position;

- The last pair of our review is the USD/CHF. Here, there is a complete discord among both experts and oscillators. Most trend indicators (75%) point north on both H4 and D1. Graphical analysis supports this development, predicting a side trend with a predominance of bullish sentiment on D1. However, according to its readings, the pair may first brush against the bottom in the 0.9800 zone, and only then perform a U-turn. After this, it will rise to the resistance in the 0.9925-0.9935 zone. Once it breaks through this, it will rise even higher to 0.9975.

Dear trading colleagues,
Our next forecast will be released next year. From the bottom of our hearts, we wish you a Merry Christmas and a Happy New Year. Whilst you are enjoying the festivities, however, please do keep in mind that even though the Forex market may calm down during the holiday period, cryptocurrency trading does not diminish even for a second.

NordFX offers you the unique opportunity of trading cryptocurrencies (bitcoin, Litecoin and Ethereum) with 1: 1000 leverage 24 hours a day, 7 days a week, 365 days a year!

After all, earnings, unlike Forex, never sleep.

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

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for the First Quarter of 2018

This forecast has been written on Saturday, 30th December, right before the new year of 2018. As per tradition, before forecasting what will happen next year, we first draw conclusions about what has already happened this year:

If you recall, several months ago we discussed forecasts for EUR/USD given by strategists from some of the world’s leading banks.
Out of the 80 banks that published their forecasts in June, only 23 of them predicted growth to $1.15 by year-end. Even fewer thought the pair would reach $1.18.
Analysts from the Canadian Imperial Bank of Commerce were largely bullish, believing that by the end of December the pair would be trading near $1.14. The view at Bank of America Merill Lynch was the following: 1.15 at year-end 2017 and 1.19 at year-end 2018.

Rand Merchant Bank gave an even more conservative forecast this summer, expecting the pair to be at $1.12 halfway through next year. Bloomberg’s research yielded a similar result of $1.13. BNP Paribas analysts expected the pair to reach 1.15 in Q1 2018.
Strategists from Germany’s second largest bank, DZ Bank AG, proved more accurate, but even they did not expect EUR/USD to greet the New Year near 1.20. Societe Generale, however, hit the spot.

A common adage is that there are as many opinions as there are people. We therefore attempted to unite these opinions and drew out a channel within the boundaries of 1.15–1.21 for EUR/USD. This ended up being accurate, with the pair reaching the minimum of 1.1553 on 7 November and the peak of 1.2092 two months prior, on 8 September 2017.


When it comes to forecasting the future, gauging market sentiment during the first week of January is particularly challenging; a certain degree of clarity tends to come only when markets finally re-open in the New Year. Therefore, we offer our forecast for Q1 2018, rather than the first week of January. This encompasses the opinions of analysts from a whole roster of banks and brokerages, as well as the findings of a wide range of technical and graphical analysis methods.

- almost 100% of trend indicators and around 75% of oscillators on D1, W1 and MN are coloured green for EUR/USD. Despite this, only 20% of experts agree with this view: they suggest the 1.2200–1.2300 area as a target.
The contrasting viewpoint is held by 80% of analysts and sees the pair descending to the Pivot Point of the medium-term channel at 1.1800. After this, the pair may descend even further to the channel’s lower boundary in the 1.1500–1.1550 area. A quarter of oscillators also expect a growth reversal and signal that the pair is overbought;

- GBP/USD is in a similar situation, with the difference being one of percentages. Thus, a mere 10% of analysts believe the pair will grow to the resistance at 1.4000, while 25% believe in a sideways movement along 1.3500. Most experts (65%), however, believe the pair will reverse downwards after reaching the August-September 2016 peaks. The first noteworthy support level is near 1.3000, with the next one being at 1.2800. Around 15% of oscillators signal the pair is overbought;

- USD/JPY. Analyst predictions and indicator signals on D1, W1 and MN all differ starkly. The overwhelming majority of experts (80%) think that the pair will experience a minor fall to 111.00–112.00 in the near future.
The number of bears drastically decreases on the W1 and MN intervals, however. Now, 55% of analysts, corroborated by around 80% of trend indicators and oscillators, predict the pair’s growth to the upper bound of the medium-term channel in 114.50–115.00.
Graphical analysis, meanwhile, suggests the pair will move in the narrow side-corridor of 112.00–113.75 throughout January;

- the last pair of our forecast is USD/CHF. Around 65% of experts believe the pair will be able to break through the support at 0.9730 and subsequently descend to 0.9600. After this, it should rebound upwards and return to parity at 1.0000.
Even so, on D1 around a third of oscillators indicate the pair is oversold. When we look at W1 and MN, though, such signals are absent. Therefore, we cannot exclude that the next few days may see a very minor correction, right before the pair will end up moving southwards to the support at 0.9600.

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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.

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NordFX: The Best Broker to Work with Cryptocurrencies

At the very beginning of the new year, the winners of the 2017 IAFT Awards were announced. NordFX was overwhelmingly declared ‘The Best Broker to Work with Cryptocurrencies’.

The organizer of the IAFT Awards is the International Association of Forex Traders (IAFT), in which more than 200,000 traders from across the world take part. Each of them had the chance to express their appreciation and trust for any given broker by voting on the awards website.

We are grateful to all who gave their vote to our company. It should be noted that the nomination ‘The Best Broker to Work with Cryptocurrencies’ is new for this award, and the victory in this inaugural year undoubtedly confirms that the services NordFX offers cryptotraders today are not just in demand, but are also unique.

Even when one’s starting capital is low, leverage of up to 1: 1000 for transacting with bitcoin, Litecoin and Etherium, combined with minimal spreads, opens the possibility of making significant profits off both the growth and fall of cryptocurrencies. The ability to have an account in bitcoins should interest not only active traders, but also passive investors, who are used to working only with crypto exchanges. Moreover, opening such an account takes only about a minute and takes place exclusively online: this is yet another undisputed advantage of NordFX.

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 8 - 12, 2018

First, a review of last week’s forecast:

- The markets are apparently still on winter vacation. Hence, the pair EUR/USD spent five days in the very narrow lateral channel of 1.2000-1.2085 and completed the five-day period in the same place where it started at 1.2030;

- it is difficult to conceive a 40-point weekly increase as being serious growth. Rather, it represents a lateral trend once again, which for GBP/USD was in the corridor 1.3493-1.3611. Unlike EUR/USD, this width at least slightly exceeded 100 points;

- USD/JPY grew by 40 points as well, demonstrating its intent to stay in the corridor 112.00-113.75 for a while. This is what the readings of the graphical analysis that we announced a week ago were talking about. Having quickly reached the lower limit of this range on Monday 2 January, the pair reversed and climbed to 113.30 on Friday 5 January. After that, a 25-point rebound followed, and the pair froze in the zone of 113.05;

- a classic lateral trend was also demonstrated by USD/CH: it denoted 0.9745 as a Pivot Point. The minimum of this week was at 0.9698, with a maximum 99 points higher at 0.9797.


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 is currently in a landmark zone: on the border between the two-year high of summer end/autumn start 2017, and the lows of June 2010 and July 2012. This is clearly visible on the graphs of W1 and MN. This zone may contend to be "Barrier of the Decade"; where the pair moves from it will depend on major economic and political events. These are not, however, expected this week. That is why the opinions of experts at the moment are divided almost equally.
55% of them, supported by graphical analysis and oscillators on D1, think that the pair will try again to break through the resistance of 1.2100 and subsequently rise to the zone 1.2150-1.2200. As for the remaining 45%, in their opinion, the pair will first decrease to the Pivot Point of the medium-term summer/winter channel of 2017 (1.1830). It will then potentially go even further, to its lower border at 1.1550-1.1650.
It should be noted that in the medium term, the number of supporters of the bearish scenario, counting on strengthening the dollar, increases from 45% to almost 70%;

- as for the GBP/USD, most analysts (85%) voted for the fall of this pair. The nearest support is 1.3400, the target is 1.3300.
Only 15% of analysts side with the alternative scenario, along with almost 100% of trend indicators and oscillators. They indicate a height of 1.3655 and think that the pair will only reach southwards upon having reached this height;

- USD/JPY. The graphical analysis on D1 still draws a continuation of the lateral corridor. However, as if anticipating the end of the New Year holidays, volatility forecasts are upgraded, with the corridor’s borders being expanded from 112.00-113.75 to 111.60-114.40.
Recall that the 111.60 zone is the Pivot Point of the medium-term channel 108.00-114.75, in which the pair throughout the whole of last year. 65% of experts agree that this situation will continue
After this, a rebound up should follow. If the pair manages to break the upper boundary of the channel, its target will be a maximum of 2016, 118.60. This possibility is not ruled out by 55% of analysts;

- The last pair of our review is USD/CHF. This New Year period immediately reminds us of the "Black Thursday" on January 15, 2015. Then, because of a decision by the Central Bank of Switzerland, the pair immediately collapsed from 1.0200 to 0.6700, losing about 35% of its value. However, in just two months it fully recovered, which once again proved the speculative impulsiveness of the market.
As for the forecast for the near future, like last week, about 65% of experts believe that the pair will be able to break through the support of 0.9730 and fall to the zone of 0.9600-0.9650. The rebound should happen then, and the pair should return to parity at 1.0000.

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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

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 15 - 19, 2018

First, a review of last week’s forecast:

- EUR/USD. Recall that the majority of experts (55%), supported by graphical analysis and oscillators on D1, voted for the pair's growth to 1.2200. This forecast turned out to be 100% true: it was at this point that the pair ceased movement at midnight on Friday 12 January. It should be noted that the publication of the minutes of the last ECB meeting, according to which the regulator is planning to curtail its 2.5 trillion-euro bond-buying programme in 2018 - a programme which should seriously accelerate the recovery of the eurozone - contributed to such impressive growth of the euro;

- GBP/USD. The overwhelming majority of analysts (85%) voted for the fall of this pair, and the level of 1.3400 was named as the nearest support. The pair was bearish until Thursday, but it was only able to go down to 1.3455, after which it turned and, following in the euro’s steps, rushed up, completing the five-day period in the zone 1.3730;

- While the yield of 10-year and 25-year Japanese state bonds grows, the dollar fell against the Japanese yen. In this case, the experts called out 111.60 as a target, which is also the Pivot Point of the medium-term channel 108.00-114.75 in which the pair USD / JPY has moved during the entirety of the past year. This plan was not only completed, but also somewhat overdone -the pair ended up near 111.00 at the end of the trading session;

- As for USD/CHF, most analysts (65%) agreed that the pair would be able to break through the support of 0.9730 and fall to the zone of 0.9600-0.9650. With a small allowance, this is exactly what happened: mirroring the movements of EUR/USD, by the end of the week the pair was able to reach the local minimum at 0.9664.


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. The pair is still in the barrier “zone of the decade”, marked by the two-year high of 2017 and the lows of June 2010 and July 2012; the direction in which it will move from there will depend on major economic and political developments and decisions. That's why there is uncertainty among experts: 40% see growth ahead, 40% see a fall, and 20% just shrug their shoulders.
As for the trend indicators, it is clear that they are all coloured green: the nearest target is 1.2360. But a quarter of oscillators on both H4 and D1 are already giving signals the pair is overbought, which indicates a possible trend reversal.
Graphical analysis also agrees with this scenario. According to its readings, the pair should return first to 1.2090, and in the event of a breakthrough, go down even further, to the support line of the two-month rising channel in the zone of 1.2000-1.2020;

- 40% of analysts believe that following the weakening of the dollar, the GBP/USD will continue its movement in the medium-term rising channel, which began a year ago when 2016 became 2017. In this case, its immediate target will be the 1.3835-1.4000 zone, with the next one being 1.4200.
An alternative scenario is supported by 60% of experts, who cite the uncertainty surrounding the Brexit negotiations. A trend reversal is also predicted by graphical analysis on H4 and by the approximately 20% of oscillators signalling the pair is overbought. The support levels are 1.3600, 1.3520 and 1.3465;

- USD/JPY. Graphical analysis on D1 still draws out a continuation of the lateral corridor, denoting 110.75-113.35 as its boundaries. 30% of experts vote for the growth of the pair in the coming days. Resistance is at the levels of 112.00, 113.35 and 114.75.
As for the opinion of most analysts (70%), supported by 10% of oscillators on D1, the pair will continue its fall to the lower boundary of the mid-term side channel 108.00-114.75. The nearest support is in the 110.00 area;

- The last pair of our review is USD/CHF. On January 16, we are expecting to hear the speech of the head of the National Bank of Switzerland: this has again reminded us of the "Black Thursday" on January 15, 2015. However, this time there will, most likely, be no surprises.
As for the forecast for the near future, like last week, about 60% of experts express bearish sentiment, believing that the pair may fall to the support at 0.9575. The next support is 0.9430.
Only 40% of analysts have given their votes for the rise of the pair to the resistance at 0.9835 and its subsequent return to 1.0000.

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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

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Bitcoin Forecast for 2018

We discuss the opinions of experts on what awaits bitcoin in the coming year, as well as the unique trade offering of the brokerage company, NordFX.

The past year has been a landmark one for bitcoin. Even those without the faintest idea of what digital currencies were, have certainly heard the magic word, bitcoin, at least once or twice. It was everywhere: in newspapers, on TV, on the radio, on the Internet. This wasn’t surprising: over eleven months of 2017, this digital currency has grown 20 times (from USD 900 per 1 coin to almost USD 20,000). The surge in demand pushed it higher and higher even as queues of those wishing to gain unfathomable profits gathered on crypto-exchanges. And then, suddenly,
in just the one week that lasting from 12 December to 17 December, bitcoin lost over 45% in value. This shattering collapse showed that a strategy based on the "buy only" approach was not always profitable for traders and investors: it could also be disastrous.

So, what is ahead for Bitcoin in 2018? Should one buy it or, instead, sell it? Or just dismiss these virtual coins as something overly unstable?
"It's worth mentioning," says John Gordon, leading analyst at brokerage company NordFX, "that during the period bitcoin fell, many other crypto currencies were growing. This suggests that crypto-investors are reluctant to leave the blockchain market and would prefer to, depending on the situation, shift from bitcoin to other coins, and vice versa. Nobody wants to give up the opportunity to receive hundred and thousand percent gains. Therefore, one should not expect a massive outflow of funds from the crypto market to the forex market or to the stock market. The only question is which of the coins will be most investment-worthy in 2018. Will bitcoin retain its leading position, or will it be replaced by another crypto currency, say, Ethereum? "

"Because of growing commissions and very slow transactions, bitcoin is no longer needed as a means of payment, according to Jez San, developer and CEO at FunFair Technologies. In his opinion, bitcoin is an unreliable investment opportunity as well, despite it showing impressive results in the past year. San believes that it is obsolete and looks like the DOS operating system, whilst Ethereum is like Windows or Mac OS: this is why developers create thousands of applications on it, suggesting that it is Ethereum that has the bright future."

Macro expert Peter Tchir is also skeptical of bitcoin: in an interview with Forbes, he said it currently behaves like any regular overbought asset, which suggests that consumer interest in it is declining.

However, it is possible that the decline is temporary, and demand will resume. Thus, according to a recent survey by Harris, only two percent of Americans own bitcoin, but 19% said they plan to purchase it within the next few years. This implies a tenfold increase in the market.
"It is possible that the cryptocurrency bubble will reach USD 10 trillion, and this is 20 times more than today," said Mike Novogratz, a billionaire who has invested a third of his fortune in cryptocurrencies, in his interview with Fortune.

"We have analyzed the expert opinions on the future of bitcoin," says John Gordon of NordFX, "and if we try to bring them to some common denominator, the following picture emerges: experts do not preclude the fall of bitcoin, seeing 4,500-10,000 dollars per coin as a minimum. However, this fall, if it takes place, will only be temporary. The general outlook is optimistic enough: during 2018 this currency may grow to 50,000-100,000 dollars.
Of course, these figures look very impressive, but if you consider that this cryptocurrency would start from the $15,000 mark there is no longer a reason to talk about any twentyfold increase in its value, like last year. The growth will be much more modest: 3-5, maybe 6 times. But, as you know, this is, nevertheless, several times the rate of return of investments in stocks or traditional currencies. "

Spencer Bogart, an expert commenting in the Daily Express, named USD 50,000 as the target. He, along with Julian Hosp, founder of the cryptographic company TenX who proclaimed a figure of USD 60,000 on CNBC, agree with John Gordon’s assessment. As for the well-known anti-virus vendor John McAfee, he thinks the price may rise above USD 100,000 per bitcoin.

"Way more modest are the forecasts from WalletInvestor," continues John Gordon, "thus, according to their experts, Bitcoin will rise to around USD 28,000 (85% increase) in 2018, Ethereum will reach USD 1,940 (60% increase), and Litecoin USD 405 (60% increase). But even with such a forecast, cryptotraders and investors can multiply their profits many times over with the aid of leverage, which we as a company are ready to provide them. NordFX can credit its clients' transactions up to 1000 times their own capital, absolutely free of charge and without any collateral. Thus, to buy 1 bitcoin at its current price, it is enough for an investor to have only a couple dozen dollars on his account. This offering is unique in the market. As for opening an account, it only takes a minute or two, after which the client can make transactions to both buy and sell cryptocurrencies. The latter, by the way, is also very important, since it allows you to make a profit even in the event of potential cryptocurrency collapse. After all, as last December showed, this is not impossible, even with numerous optimistic forecasts.

Currently NordFX gives clients the possibility to сarry out transactions with the three most popular cryptocurrencies: bitcoin, Litecoin and Ethereum. We are, however, closely monitoring the blockchain market and, should the situation change, we are ready to quickly expand the list of available trading instruments."

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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.

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MasterForex-V Academy Names NordFX Top in Two Categories

The results of the MasterForex-V Academy Expert Council voting are out, and NordFX has been named the ‘World’s Best Broker’ for the third year running. In addition, our affiliate program has been recognized as the best in 2017 among all Forex brokers.

The experts of the Academy evaluate the work of each brokerage along over 20 criteria, which include the length of the company's operation in the market, the weight of its licenses, and the trading terms it offers to its clients. As of 2017, an additional assessment of the broker's activity by traders and currency market investors has also been added to the criteria.

And so, considering the firm’s financial results of 2017, its reliability, the growth of its client base, the feedback the firm received on its work, and many other factors, the experts unanimously declared our company the winner in the above categories.
As ‘Stock Exchange Leader' magazine writes, the Council of Experts emphasized the following feats NordFX achieved, among others:
- offering instant access to the interbank market,
- improving the speed of order execution and reducing spreads by connecting new liquidity providers,
- launching a new two-level partner program that offers the most lucrative terms in the market,
- introducing cryptocurrency trading with the revolutionary leverage ratio of 1:1000,
- introducing new bitcoin-denominated trading accounts.

Other achievements include presenting many other innovative solutions that not only enhance the efficiency of the trader, investor, and partner experiences, but also simultaneously reduce trading and non-trading risks.

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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 22 - 26, 2018

First, a review of last week’s forecast:

- EUR/USD. The pair never escaped the landmark "zone of the decade", defined by the two-year high of 2017 and the lows of June 2010 and July 2012. Therefore, we did not make a definite forecast last week. Uncertainty reigned in the camp of experts: 40% voted for the growth of the pair, 40% for its fall, and 20% shrugged their shoulders. All were right: the pair grew a little, then declined, then grew again. It eventually finished the week not far from where it started, at 1.2215;

- GBP/USD. If you look at last week’s forecast, you will find the following: "40% of analysts believe that following the weakening of the dollar, GBP/USD will continue its movement in the medium-term rising channel... In this case, its immediate target will be the 1.3835-1.4000 zone." This forecast was accurate, it was on Monday that the pair had already rushed up and, having reached resistance 1.3940, tried to break it twice; after two unsuccessful attempts, however, it finished the five-day period in the 1.3850 zone;

- As for USD/JPY, most analysts (70%) turned out to be right, as they identified the pair’s southward ambitions. The level 110.00 was identified as the nearest support, which the pair approached on Wednesday 17 January, after which the retreat followed. After some hesitation, the pair, just like the EUR/USD, returned to almost the same place where the weekly session began: the 110.80 zone;

- Giving a forecast for USD/CHF, about 60% of experts expressed support for the fall of the pair to a low of 0.9575. The pair fulfilled this task, even trying to overfulfill it when it reached a local bottom at the 0.9535 horizon. However, it did not manage to gain a foothold there, and quickly returned 100 points upwards to the 0.9640 mark.


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. According to polls of experts, the "bears" are leading here with a slight advantage (55% vs 45%), expecting the pair to return to the support at 1.2165, and, in the event of its breakthrough, to fall to the 1.2000-1.2080 zone. This development is supported by graphical analysis and most of the oscillators on H4.
As for the “bulls”, they fully agree with the trend indicators and oscillators on D1, who foresee that the pair will grow beyond 1.2400;

- GBP/USD. Most of the indicators for this pair are colored green. However, 15% of the oscillators are already giving signals that the pair is overbought. As for the experts, while only 50% of them expect the pair to turn southwards immediate future, 85% of them agree that it will do so in the medium term.
The “bull’s” targets are 1.4000 and 1.4090. The "bears" also expect the pair to fall first to 1.3585, and then to the 1.3455 and 1.3300 support levels;

- USD/JPY. The pair is in the middle of the mid-term side channel 108.00-114.75. Most experts (70%), supported by almost 80% of the indicators, believe that, having broken through the support at 110.00, the pair will continue its movement to the lower border of this channel.
30% of analysts and graphical analysis on both H4 and D1 disagree with this version. In their opinion, the pair should rebound to at least resistance 112.05.
If we talk about the medium term, the number of expert supporters of the pair's rise to 112.00-113.75 increases to 65%;

- The last pair of our review is USD/CHF. 55% of the experts, in full agreement with the indicators on D1 and the graphical analysis on H4, speak of the continuation of the downward trend, whose ultimate goals are the summer minimums of 2017 near 0.9400. The remaining 45% of analysts and graphical analysis on D1 suggest that the pair's decline has ended, and that it is expected to grow beyond 0.9700. The next resistance is 0.9835.

Among the economic events of the upcoming week that may affect both the volatility of currency pairs and the direction of trends are the statements of the Bank of Japan on Tuesday 23 January and Friday 26 January, as well as the ECB decision on the interest rates and its comments on Thursday 25 January.

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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

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Leverage of 1:1000 is that for a limited amount of deposit or for whatever amount that i can put in my account with you?

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 29 - February 02, 2018

First, a review of last week’s forecast:

- EUR / USD. Analysts' votes last week were divided almost evenly. More precisely, 55% of them sided with the "bears" and 45% with the "bulls". The fate of the pair was decided by the good and mighty of the world: first it grew following the statements of the US Treasury Secretary on the weak dollar; then it was pushed back up by ECB President Mario Draghi’s speech, resulting in a three-year high at 1.2537.
The US currency received a bit of help from US President Donald Trump, who declared at the economic forum in Davos, Switzerland that his finance minister had not been correctly understood. Because of this "misunderstanding", the dollar briefly managed to win back 175 points, after which the pair once again rushed northwards and completed the week where the “bulls” had wanted it: near 1.2425;

- This doesn't happen often, but thanks to the several VIP statements, the GBP/USD graph almost completely repeated the EUR/USD graph. First, the pair showed impressive growth, rising by 500 points and reaching a height of 1.4345 on Thursday. Then, following Trump's remarks, it fell by 260 points, then rose to 1.4285, and then dropped again to 1.4165;

- Unlike GBP/USD, the Japanese yen managed to win back only half as much from the dollar: about 240 points. However, because of this fall, the forecast for which most experts voted (70%) ended up being 100% correct: the pair almost reached the lower boundary of the mid-term side corridor 108.00-114.75. When taking the last three weeks of January as a whole, the Japanese currency grew by about 500 points against the US currency during this period;

- USD/CHF, mirroring the dynamics of EUR/USD, fulfilled and exceeded the forecast of most analysts. They had been expecting the continuation of the downtrend; whose goal was the summer low in 2017 at approximately 0.9400. After some effort, it managed to break through this support and completed the week’s session near 0.9335.


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. An absolute majority of indicators are coloured green here. Only 15% of oscillators on D1 signal that the pair is overbought. As for the experts, the number of supporters of the dollar’s strengthening and the fall of the pair is much higher: 65% versus 35%. The closest target in this case is the 1.2190-1.2300 zone.
We should note that the upcoming week is filled with all sorts of events that can seriously affect the quotes of EUR/USD and other dollar pairs. This includes the publication of data on the US consumer market on Monday 29 January, the release of data on GDP and the consumer price index of the Eurozone on 30 and 31 January, the comments of the Federal Reserve on monetary policy on 31 January, as well as the publication on Friday 2 February of the data on the US labor market (NFP). And speaking about the US, as usual, we must not forget about the nation’s president: Donald Trump is expected to give another speech on the last day of January.
In the event of a negative market reaction to these events, the dollar may continue its decline, meaning that the pair’s growth will continue. The most probable targets in this event will be the resistance levels of autumn 2014: 1.2535, 1.2570 and 1.2630;

- GBP/USD. When it comes to trend indicators and oscillators, here the situation is like the EUR/USD one. But the opinions of analysts were divided into three equal parts: one third support the pair’s growth, one third its fall, and one third predict a lateral trend. Graphical analysis on H4 agrees with the latter, which predicts the pair’s near-future movement as being in the 1.4085-1.4345 side channel. After that, according to the graphical analysis on D1, the volatility will increase, and the pair should first grope the bottom at 1.3855, and then rebound upwards into the 1.4300-1.4485 zone.
As for the medium-term forecast, about 80% of experts expect the pair to fall to the 1.3450-1.3585 zone.

- USD/JPY. Here, the majority of experts (60%), supported by graphic analysis on H4 and D1, expect the pair to rebound to 109.35, and possibly even higher, to the Pivot Point of the medium-term channel near 111.00, after which it should fall once again to the lower boundary of the medium-term channel at 108.00. However, it is possible that quite soon, on the back of economic news, the "bears" will try to break through the support of 108.00 and reach the minimum of last August at 107.30;

- The last pair of our review is USD/CHF. 50% of experts, in full agreement with the graphical analysis on H4, as well as a quarter of the oscillators, expect the pair to go up first to 0.9435, and then 100 points higher. As for the second half of analysts, in their opinion, dollar weakening could pull the pair further downwards to 0.9135.
At the same time, it should be noted that in the medium term, the number of supporters of the pair's rise to 0.9500, and then on to parity at 1.0000, increases to 70%.

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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.

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Three New Crypto Currency Pairs Have Been Added to Pro and Zero Accounts

Dear clients, we are delighted to inform you that three new cryptocurrency pairs have been added to Pro and Zero accounts. In addition to BTCUSD, LTCUSD and ETHUSD, trading services are now available for the increasingly popular pairs of DSHUSD, XRPUSD and BCHUSD.

Dash, DSH is a crypto currency that was first issued on 18 January 2014. It was previously known as XCoin and, after that, as Darkcoin until 26 March 2015. Currently Dash is a TOP-10 cryptocurrency: in September 2017, its market capitalization amounted to 2.5 billion dollars. As for the value of Dash, it grew more than 90 times during the 12 months of 2017.

Ripple, XRP is a relatively "old" cryptocurrency, having been launched in 2012. As of the end of 2017, Ripple, like Dash, is among the top ten cryptocurrencies in terms of market capitalization, where it ranks fourth after Bitcoin, Ethereum and Bitcoin Cash. From 1 January to 31 December 2017, Ripple grew by more than 400 times.

Bitcoin Cash, BCH is a cryptocurrency that separated from Bitcoin on 1 August 2017. In the last 5 months of the last year, Bitcoin Cash multiplied in value by 12 times.

You can find more detailed information on the contract terms for new pairs on our website in the sections describing the Pro and Zero accounts. Please note that, just like for other trading instruments, the maximum leverage on DSHUSD, XRPUSD and BCHUSD pairs is 1:1000.


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