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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for February 5 - 9, 2018

First, a review of last week’s forecast:

- EUR/USD. 65% of people thought the dollar would strengthen and the pair would fall. Starting from Monday, the pair obediently went to the target indicated by experts, namely 1.2300. However, a little before reaching the set level of 1.2335, the bears lost all their advantage, and, after two unsuccessful attempts to break through this support, the pair turned north.
The autumn 2014 level of 1.2535 was identified as the nearest resistance on its way up: the pair climbed to it on the first day of February.
On 2 February, thanks to positive data on the US labour market (NFP grew by 25%), the dollar managed to play back a few of its losses, meaning that the pair completed the five-day period almost in the same place where it started: near 1.2455;

- GBP/USD. Analysts' views about the future of this pair were divided into three equal parts: one third were for the growth of the pair, a third were for its fall, and another third foresaw a sideways trend. Such a distribution of votes gave grounds to expect the pair to move east, which was confirmed by graphical analysis on H4 and D1. The forecast was fully vindicated, and by the end of the week’s session the pair returned to its initial values at 1.4115;

- The forecast of USD/JPY can also be considered fulfilled if not by 100, then, at least, by 90 percent. Most experts, supported by graphical analysis, expected the pair to go up to 109.35, and then further up, to around 111.00, which is where the Pivot Point of the 108.00-114.75 medium-term channel is.
If you look at the chart, you can see that during the first half of the week the pair had been trying to overcome the resistance at 109.20, succeeding in doing so on Wednesday 31 January. The pair reached the week’s maximum of 110.47 on Friday;

- USD/CHF. Here, the opinions of experts were divided 50/50. The pair spent the whole week being similarly ambivalent: at first it grew a little, then fell slightly, then went up again, and then fell a little. As a result, the decline over five trading days was as small as 25 points (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. The absolute majority of trend indicators and oscillators are still coloured green. Only two oscillators signal that the pair is overbought, one of them being on H4 and the other on D1. As for analysts, there is not even a hint of unity among them: 35% think the pair will grow, 35% think it will fall, and 30% are simply disorientated.
A clearer picture is drawn by graphical analysis. On H4, it assumes a continuation of the uptrend, with the support being near 1.2400 and the nearest targets being 1.2525 and 1.2570. On D1, graphical analysis also largely focuses on support / resistance levels of autumn 2014. The trend is also an upwards one, with support at 1.2340, and a 1.2630 target.
If we move to the medium-term forecast, almost 70% of experts still hope for dollar strengthening and the pair’s subsequent decline to 1.1900-1.2085;

- GBP/USD. Experts opinion is divided thus: 55% predict growth, 45% foresee a fall. The indicators are mostly directed to the north. Only 15% of trend indicators and 30% of H4 oscillators are painted red. When moving on to D1, however, almost all of them change colour to green as well.
Graphical analysis indicates a possible fall of the pair to 1.3950, after which it should grow to the resistance at 1.4275 and then to the peaks of 1.4345 and 1.4515.
It should be noted that on Thursday 8 February the Bank of England is expected to release quite a few announcements, although no major changes to UK monetary policy are anticipated.
In the medium term, just as in the case of EUR/USD, the number of analysts expecting the dollar to grow and the pair to fall to 1.3285-1.3600 increases to 70%;

- USD/JPY. If last week most experts, supported by graphical analysis on H4 and D1, rightly expected the pair to rebound, now some of them have moved to the side of the bears. As a result, the situation is as follows:
55% of experts, supported by graphical analysis on H4 and D1, as well as half of trend indicators and oscillators on D1, believe that the pair should once again test the lower level of the mid-term side corridor of 108.00. As for the remaining bull supporters, in their opinion, the pair's growth potential has not yet been exhausted, and it should rise to 111.25-112.00;

- The last pair of our review is USD/CHF. Almost 70% of experts, in full agreement with graphical analysis on H4 and a quarter of indicators, expect the pair to go up first to 0.9575, and then 75 points higher to 0.9650. The remaining 30% of analysts are confident that the downtrend will continue and that the pair will fall into the 0.9100-0.9200 zone.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.

https://nordfx.com/promo/tradecrypto.html

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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NordFX and Serenity Financial: Blockchain Technologies for the Forex Market

One of our main priorities at NordFX are the interests of our clients and the protection of their funds. To act on these priorities, the company is taking a new step by joining the project Serenity Financial.

Serenity Financial is an independent arbitration platform that will use blockchain technologies to manage the relationships between traders and brokers. All trade operations will be recorded in the blockchain, with traders being able to check the accuracy of trade executions by brokers via the Verify My Trade system. The brokers, on the other hand, will be able to demonstrate the speed and accuracy of their service to traders at all times.

“We know that the NordFX team constantly strives to improve its services by delivering only the most cutting-edge products to clients,” says Denis Kulagin, CEO of Serenity Financial. “This is why we are delighted by your support: it means that NordFX clients will be among the first to have access to our services, which aim to make online trading even more safe and transparent.”

The project is currently certified by the Financial Commission (FinancialCommission.org) and is undergoing its ICO, which is planned to run until March of this year.


#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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Forex Forecast and Cryptocurrencies Forecast for February 12 - 16, 2018

First, a review of last week’s forecast:

- EUR/USD. The publication of positive data on the labor market in the USA (NFP grew by 25%) on February 2, triggered a panic on American stock exchanges. According to experts, the increase in the number of jobs at the same time with an increase in the average wage indicates not the recovery, but the overheating of the world's largest economy.
As for the dollar, unlike the stock indices, in anticipation of higher inflation and higher interest rates, on the contrary, it continued to grow against the euro, as it started on February 2, having strengthened its positions by more than 200 points. This change of trend from bullish to bearish once again confirmed that the medium-term forecast often prevails over the weekly forecast. Recall that in the medium term, 70% of experts voted for the growth of the dollar;

- GBP/USD. Just as in the case of EUR/USD, analysts predicted that in the medium term, the dollar would strengthen against the British pound. As for the weekly forecast, 45% of experts expected the fall of the pair. At the same time, they were supported by 30% of oscillators on H4, which is a fairly strong signal that the pair is overbought. The dollar was also supported by the unanimous decision of the Bank of England to keep the interest rate unchanged at 0.5%. As a result, the Briton lost about 285 points during the week and returned to the values of the middle of January;

- giving a forecast for the USD/JPY, the majority of experts (55%), supported by graphical analysis on H4 and D1, as well as half of trend indicators and oscillators on D1, was confident that the pair would again test the lower level of the mid-term side corridor 108.00-114.75. The pair indeed approached the 108.00 mark twice, however, before reaching any 45-50 points, it retreated, and as a result it completed the five-day period in the zone 108.75;

- USD/CHF. Here, almost 70% of the experts, in full agreement with the graphical analysis on H4 and a quarter of the indicators, expected the pair to go up. The closest target was called the level of 0.9575. The pair did, starting Monday, go north and, having passed 135 points, reached the height of 0.9470 on Thursday. However, there the strength of the bulls dried up. As a result, it met the end of the week's session at 0.9395.


It is difficult and ungrateful to give a forecast in the conditions of panic in the stock markets, but we will still try to summarize the opinions of analysts representing a number of banks and broker companies, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis.

- EUR/USD. It is clear that, after the last week's fall, most of the trend indicators and oscillators look to the south. 55% of experts who were expecting the pair to go down to the zone of 1.2000 are also looking there.
45% of analysts have an alternative point of view, as well as 35% of trend indicators on D1 and a quarter of the oscillators which give signals that the pair is oversold. According to this forecast, the pair should return to zone 1.2350-1.2530.
As for the graphical analysis on D1, it expects that before the pair can go up, it may fall back to support 1.2165. The decline looks deeper on H4, down to the level of 1.2080;

- GBP/USD. In this case, the experts' opinion, the indications of trend indicators, oscillators and graphical analysis, with only small differences, repeat what was said about the EUR/USD. Experts: 55% are for the fall of the pair, 45% are for the growth. Graphical analysis: possible decrease to the zone 1.3585-1.3660, then return to January highs - 1.4150-1.4350. The nearest resistance is 1.3985. Oscillators: about 15% claim that the pair is oversold, the rest are painted red;

- USD/JPY. Most (60%) experts expect that the pair will still reach the lower boundary of the medium-term side corridor 108.00. Moreover, as the graphical analysis suggests, it can even fall to the September 2017 low - the 107.30 mark, after which it is expected to rebound and return to the middle zone of the corridor 110.30-111.75. As for the rest of the analysts, in their opinion, the pair will go up from the very beginning of the week in order to reach the height of 110.00.

- And, at the end of the review, for the first time, we will try to give a weekly forecast for the main cryptocurrency pairs, basing on the opinions of crypto-exchanges experts In this case it is necessary to take into account that these pairs are extremely exposed to external factors, and each piece of news or event can cause not only significant fluctuations, but also a reversal of the trend. So:
Bitcoin (BTC/USD) - growth to the area of 10,300-12,160;
Ethereum (ETH/USD) - growth to the area of 1,025-1,125;
Litecoin (LTC / USD) - growth to the area of 173-213;
Ripple (XRP/USD) - growth to the area of 1.015-1.185.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.

https://nordfx.com/promo/tradecrypto.html


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/

NordFX Has Presented its Products at Expo in Thailand

Traders Fair 2018 organized by FinExpo, was held early February in Bangkok, the capital of Thailand. Our company took part there as one of the sponsors.

This large-scale event, which gathered more than one and a half thousand guests and participants, provided an excellent opportunity for the presentation of NordFX new products and services.The visitors of our stand showed special interest in the opportunity to trade cryptocurrencies with a leverage of up to 1: 1000, as well as in the accounts denominated in Bitcoin.

The Bangkok Expo made it possible for the NordFX representatives to meet numerous current and potential partners and clients from Southeast Asia, listen to their opinions and wishes, and discuss further ways of the company's development.


#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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Forex Forecast and Cryptocurrencies Forecast for February 19 - 23, 2018

First, a review of last week’s forecast. It should be noted that the forecast for bitcoin and other cryptocurrency pairs proved to be almost 100% true.

- The forecast for EUR/USD once again confirmed that the signals of a quarter of oscillators that the pair is overbought / oversold, provide very good reasons to expect a break in the trend. This time, according to 45% of analysts confirmed by such signals, the pair had been expected to turn north and return to zone 1.2350-1.2530, which was what happened. Starting from Monday, the pair was growing steadily and on Friday, it rose to the highs of the last four weeks, reaching the level of 1.2555. After that, the dollar played back 155 points, and the pair fell to the level of 1.2400;

- A similar forecast was given for GBP/USD. The final target was to return to the January highs in the zone 1.4150-1.4350. And this task was almost completed. On February 16, the pair climbed to the height of 1.4145. However, it did not manage to stay there, and met the weekend at 1.4030;

- When giving a forecast for USD/JPY, the majority of experts (60%), supported by graphical analysis, expected that the pair would necessarily test the lower boundary of the mid-term side corridor 108.00-114.75 and, in case of its breakthrough, might fall to the low of September 2017 - 107.30. In reality, the pair not only fulfilled, but even exceeded the task, losing 325 points during the week and having fixed a local bottom at the horizon 105.50. As for the end of the trading session, the pair completed it at around 106.30;

- Cryptocurrencies. Last week, based on the opinions of crypto-exchanges experts, we gave the first forecast for four basic crypto-pairs. And it turned out to be practically absolutely true:
- The forecast for Bitcoin (BTC/USD) expected the pair to grow to the zone 10,300-12,160. In reality, it has grown to the level of 10,240;
- Ethereum (ETH/USD): the forecast expected the growth to the zone 1,025-1,125, in reality, it grew to the level of 942.00;
- Litecoin (LTC/USD): a growth was expected to the zone 173-213, in reality, it grew to the level of 235;
- Ripple (XRP/USD) - growth to the zone of 1.015-1.185 was expected, in reality it grew to the level of 1.164.


As for the forecast for the upcoming week, summarizing the opinions of analysts from a number of banks, broker companies and crypto-exchanges, 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. Almost 70% of experts, supported by graphical analysis on D1 and indicators (90%), expect the pair to continue growing. The nearest target is the zone 1.2500-1.2555, the next one is a strong support / resistance zone of years 2012-14, 1.2755
As for the bears' supporters, they expect the pair to fall to support 1.2335, and then another 100 points lower - to 1.2235. It should be noted here that when moving from a weekly forecast to a medium-term forecast, the number of supporters of dollar strengthening increases from 30% to 65%;

- GBP/USD. The forecast for this pair repeats the forecast for EUR/USD for the second week in a row, with only small differences. 65% of analysts, graphical analysis and the vast majority of indicators vote for the growth of the pair. Only 10% of oscillators on D1 signal that the pair is oversold. The support levels are 1.3900, 1.3835 and 1.3765. The resistance levels are 1.4145, 1.4275 and 1.4345.
Just as in the case of EUR/USD, in the medium term, the number of supporters of bears increases from 35% to 60%. The goal is to return to zone 1.3455-1.3585;

- USD/JPY. Experts' opinions about breaking the lower line of the medium-term side corridor 108.00-114.75 are divided almost equally. 45% consider it to be false and expect the pair to turn upwards. 20% of the oscillators agree with this scenario, signaling that the pair is oversold. As for the remaining 55% experts, they consider the breakthrough to have happened, and the target of the pair in this case is zone 104.00-105.55;

- and, finally, cryptocurrencies. As they are traded on weekends as well, it is more appropriate to look at a seven-day period, from Saturday February 17 to Friday, February 23.
Recall that the forecast is based on the opinions of experts from a number of leading crypto-exchanges, as well as indications of technical analysis.
- Bitcoin (BTC/USD) - MFI indicator on D1 approaches the oversold zone, but has not yet reached it. Analysts agree with this as well, believing that the pair can continue its growth to the 10.500-11.000 zone, after which it is expected to turn and fall to the level of 9.470, and then return to the zone 8.300-8.970;
- Ethereum (ETH/USD) may approach the mark 1,000 at the beginning of the forecast period. Then this pair is also expected to turn to the south and to go down to the echelon of 775-840;
- Litecoin (LTC/USD) - MFI indicator is already in the oversold zone; volume indicators indicate the increasing activity of bears. According to experts, the pair's growth potential is almost exhausted, but we cannot exclude its growth to the mark 250. After that, a return to the level 220, and in case of its breakthrough - a drop to the horizon 165;
- Ripple. As for the pair XRP/USD, it finished the last week was rather sluggishly, with small volatility and minimal trading volumes. However, the pair can still try to get to the height of 1.164, and only then will it go to the south - to support 0.83, and then, possibly, even lower - to the horizon 0.77.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.

https://nordfx.com/promo/tradecrypto.html

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

NordFX: Best Crypto Broker Asia 2017

At the very start of this year, the IAFT Awards winners were named, and our company has won in the nomination "The Best Broker to Work with Cryptocurrencies". And now, following the results of voting in the framework of another award, “Forex Awards”, NordFX has been named the Best Crypto Broker Asia of the past year.
Starting from 2010, expert community consisting of traders and visitors to the Forex Awards website has been selecting winners in a number of prestigious categories by vote, where this year, for the first time, nominations associated with cryptocurrency market, have been added.

"We are proud to present the Forex industry top companies for 2017 carefully selected in 16 nominations," the organizing committee says in a statement. "This year we have enhanced our range of nominations with new Awards which recognize the outstanding commitment of companies to develop the new crypto currency market."

As can be seen from the voting results, NordFX's activities have been highly appreciated by professionals in both Forex and crypto industries. First and foremost, we are talking about the wide opportunities that the use of leverage up to 1:1000 in trading Bitcoin and other cryptocurrencies opens, which is a unique innovation not only for Asian markets, but also for other markets.


#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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Forex Forecast and Cryptocurrencies Forecast for 26 February – 02 March 2018

First, a review of last week’s forecast. It should be noted that the forecast for bitcoin and other cryptocurrency pairs proved to be almost 100% correct.

- EUR/USD. Recall that, in the short term, only a third of experts expected this pair to fall. When shifting from the weekly forecast to medium-term forecast, however, the number of supporters of the US currency strengthening increased from 30% to 65%. The dollar decided to get ahead of the events and, starting from Monday, dragged the pair down. Analysts named the levels 1.2335 and 1.2235 as targets. The pair ended up reaching the first of them, and almost got to the second one, fixing the local bottom at 1.2259. It then turned and completed the week in zone 1.2295;

- A similar forecast was given for GBP/USD. And just as in the case of EUR/USD, in the medium term, the number of bears' supporters increased from 35% to 60%. Only 10% of oscillators on D1 now signaled that the pair was oversold, which meant a fall would only be expected in early March. However, the pair managed to lose 175 points from Monday to Thursday. However, afterwards the euro won back most of the losses, and the pair completed the trading session at 1.3965;

- USD/JPY. Here experts' opinions about the breakdown of the lower line of the mid-term side corridor 108.00-114.75 were divided almost equally. 45% considered it to be an unrealistic scenario and expected the pair to turn upwards. 20% of the oscillators agreed with this, signaling that it was oversold. The weekly chart shows that the pair did indeed almost reach the horizon of 108.00, after which the forces of the bulls dried up, and it rolled back 110 points lower, indicating a new level of support / resistance at 106.90;

- We now move to cryptocurrencies. It is known that the primary task in this forecast is to determine trends. Here the forecast turned out to be 100% accurate. As for the goals, because of the unusually high volatility of these pairs, it is more appropriate to talk not about levels, but about support / resistance zones, which have a fairly wide range. Even so, the forecast turned out to be quite accurate here as well:
- Giving a forecast for bitcoin (BTC/USD), in mid-January we called the $10,000 zone as one of the key zones. It is around this horizon that the pair has been fluctuating all the time. As for the weekly forecast, it looked like this: growth to the 10,500-11,000 zone, followed by a reversal and fall to 9,470. Indeed, the pair went north in the first half of the week, reaching the level of 11,750. However, by Wednesday, it was already possible to observe a double, and sometimes a triple divergence on the charts of many oscillators. And soon there followed a trend reversal, as a result of which the pair fell to the level of 9.555;
- Ethereum (ETH/USD): according to the forecast, it would first increase to 1,000, then decrease to 775-840. In reality, it showed growth to 975.80, then a reversal and a decline to 783.80;
- Litecoin (LTC/USD): according to the forecast, it would first increase to 250, then turn and return to level 220, and in case of a breakthrough, drop to 165. It ended up growing to 251, then turned and fell to 180;
- Ripple (XRP/USD): the forecast indicated growth to 1.164, and then a turn and return to the support at 0.83, or even 0.77. It ended up growing to 1.143, then the turn and fall to the level of 0.79.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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. Almost 70% of experts, supported by the overwhelming majority of indicators, expect the pair to continue falling, identifying 1.2200 and 1.2165 as the nearest support levels. The following support is at 1.2070.
When moving to the medium-term forecast, the proportion of bears decreases from 70% to 45%. Half of the trend indicators and oscillators on D1 have already taken a neutral position, and graphical analysis on the daytime time frame points directly northwards: it believes that the pair will first reach the resistance at 1.2550, and in case of its breakthrough, will rush to 1.2685;

- GBP/USD. Most indicators here are painted green. The opinions of analysts are divided exactly in half: 50% support the fall of the pair, 50% support its growth. When it comes to graphical analysis, H4 displays movement in the 1.3835-1.4145 lateral channel. When moving to D1, the pair's oscillation range expands to 1.3765-1.4345.
It should be noted that in the medium term, almost 70% of experts are already voting for the pair’s decline, expecting the pair to return to 1.3300-1.3550;

- USD/JPY. For the second week in a row, experts are unable to reach a consensus regarding the breakthrough of the lower line of the medium-term side corridor 108.00-114.75. Only 5% of the oscillators so far signal that the pair is oversold. However, 30% of analysts, supported by graphical analysis on H4 and D1, still consider the breakthrough to be a false alarm and expect the pair to return to 107.80-108.00, and then even higher to the resistance at 109.85.
As for most experts, they believe the pair will certainly once again test the support at 105.54 and, in the event of its breakthrough, will rush to 104.30. In the medium term, they believe it will go even further to the 2016 low in the 98.99-101.20 zone;

- and, finally, the main asset of the cryptocurrency market, bitcoin. Experts, supported by volume indicators and oscillators, believe that BTC/USD will continue its decline until the middle of the week, reaching a local bottom in the 8,400-9,040 zone, after which a trend reversal will follow. The pair will then return to the levels of 9,900-11,000.
Analysts believe that similar dynamics can be expected from the rest of the cryptocurrency pairs NordFX makes available for trading (ETH/USD, LTC/USD, XRP/USD, etc.). They believe the downtrend will continue until the end of February, followed by a rebound and a return to the highs of the previous week.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.

Deposits in USD and bitcoin.

https://nordfx.com/promo/tradecrypto.html

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

NordFX is Launching a New Investment Service

NordFX continues to expand the range of services it provides. Starting from February 21, the company's clients will have access to a new service that will allow them to receive income through long-term investments in the shares of the world's largest companies.

This new service offers our clients 2 types of investment products:
- Capital-protected products
- High-yield products

Capital-protected products allow you to profit from the share-price movements of the largest companies in the world, sized from 20 to 35% of the initial value for the investment period and regardless of the direction of those movements. In addition, you have the opportunity to set your own level of acceptable risk, with the ability to protect your initial capital up to 100%.

Advantages of products with capital protection:
- Accessible minimum investment threshold
- Low participation commission
- Up to 100% capital protection
- Yields of up to 35%
- Detailed investment analysis

High-yield products provide an opportunity to obtain extremely high profits through the diversification of the investment portfolio. The coupon payment system guarantees a set quarterly profit.

Advantages of high-yield products:
- Low minimum investment threshold
- No commission for participation
- Yields of up to 50%
- Detailed investment analysis
- Quarterly coupon payments

For more information about NordFX investment products, please see the relevant section on our company website.


Yours faithfully,
NordFX


#forex #investments #broker #stock #nordfx

https://nordfx.com/

Forex Forecast and Cryptocurrencies Forecast for 05 – 09 March, 2018

First, a review of last week’s forecast:

- EUR/USD. Recall that almost 70% of experts, supported by an overwhelming majority of indicators, expected the pair to continue falling, naming the vicinity of 1.2165 as one of the targets. They were right - on 1 March, the pair found a local bottom at 1.2155. But then, thanks to the statements of the new Fed Chair, Jerome Powell, and US President Donald Trump, the dollar began to lose its hard-won positions. Trump's words about the intention to introduce import duties on steel and aluminium led to some talking about a new trade war, especially after the sharp and prompt reaction by the Head of the European Commission. As a result, the pair soared by 170 points and completed the week at 1.2320;

- As for GBP/USD, analysts' opinions split exactly halfway: 50% voted for the growth of the pair, and 50% for its fall. (In the medium term, the number of bears' supporters increased to 70%). The last forecast was absolutely correct, and the pair dropped to 1.3710. After that, there was a rebound, and it froze at 1.3797;

- USD/JPY. 30% of analysts, considering the breakdown of the lower line of the mid-term side corridor 108.00-114.75 false, expected the pair to rise above 107.80. Starting on Monday, the pair did indeed go up, quickly reaching the height of 107.67. However, a U-turn followed and, as though under the orders of the expert majority (70%), the pair tested support at 105.54 and completed the week 20 points higher;

- We now move to cryptocurrencies. With a standard leeway, the trends and goals of Bitcoin - the driver of the cryptocurrency market - were correctly determined. As expected, BTC/USD continued to move near the $10,000 horizon. The forecast assumed a decline of this pair to 8,400-9,040 at the beginning of the week (the reality was 9,253), after which it was expected to turn and return to 9,900-11,000 (the reality was 11,160).
As for the other cryptocurrency pairs NordFX serves, they enjoyed a relatively calm weak. The range of fluctuations for XRP/USD, for example, was just $0.15 compared to $0.35 a week earlier.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Almost 60% of experts are confident that a trade war is imminent, and that the dollar will therefore continue its decline. This means EUR/USD will go up at least to the highs of this year’s January-February at 1.2500-1.2555 in the next couple of weeks. The nearest resistance is 1.2400.
Graphical analysis on D1 is even more resolute. According to its forecast, the pair’s northwards hike may even take it to the highs of spring-summer 2013 at 1.2755.
As for the oscillators, they are set to buy on H4, but remain bearish on D1. It should be noted that the number of supporters of the fall of the pair increases from 40% to 55% among experts in the medium term.
We must also consider that at the time of writing the results of the parliamentary elections in Italy - an event that could seriously affect the European currency - are not yet known. One should also pay attention to the results of the ECB meeting on Wednesday 7 March and to the US labour market data announcement on Friday 9 March;

- GBP/USD. The indicators here are overwhelmingly (85%) painted red. As for analysts, the number of supporters of the fall of the pair is at 60%. The main goal is in the 1.3455-1.3600 range. Meanwhile, 40% of experts, 15% of oscillators, and graphical analysis on D1 are all bearish. The nearest targets are the resistance levels at 1.3855, followed by 1.4065 and 1.4145;

- A press conference on the next decisions of the Bank of Japan should take place on Friday 9 March. However, experts do not expect it to offer any surprises. 70% of them, supported by trend indicators, look south, predicting the fall of USD/JPY to 102.75-104.30.
As for the alternative point of view, the remaining 40% of analysts, supported by 15% of oscillators, see the pair as oversold. If these signals prove correct, the pair will still try to approach the lower boundary of the medium-term side corridor at 108.00. The nearest resistance is 106.40 and 107.65.
Graphical analysis on both H4 and D1, however, shows a rare unity that suggests that the pair will initially decline to the support at 104.75, and then turn and rise to 106.40-107.15;

- BTC/USD. The main forecast sees Bitcoin grow to $12,160-12,980, after which, in the second half of the week, it will U-turn and return to 10,350-10,850.
ETH/USD may rise to 1,160 in the first half of the week, after which, just like with Bitcoin, a trend reversal and a fall to the 900-940 zone are expected.
Experts expect similar dynamics from LTC/USD as well: an initial rise to 240, followed by a drop to 180-200.
As for XRP/USD, which moved in a very narrow side corridor for the previous week, an increase in market volatility may drive it upwards to 1.003-1,075, after which it could return to the support at 0.915.

Is high leverage bad or good?
This is a debate that has been carrying on for many years now.
Last week, the volatility of the major cryptocurrency pairs was low, which disappointed traders accustomed to profiting on strong fluctuations of virtual currencies.
However, one can profit even in such flats, if one makes use of the unrivalled leverage ratio of 1: 1000 offered at NordFX

https://nordfx.com/promo/tradecrypto.html


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for 12-16 March 2018

First, a review of last week’s forecast:

- EUR/USD. Most experts (60%) had expected the growth of the euro first to 1.2400, and then even higher to the highs of past January-February at 1.2500-1.2555. In the first half of the week, the pair did go up, but the bulls’ efforts were enough to raise it only to 1.2445, after which the bears played back all the losses, and the pair finished almost at the same place where it started the week, namely 1.2305;

- As for GBP/USD, the volatility of this pair was not as strong as expected, and the pair stayed within the 1.3765-1.3930 range and did not reach any of the set goals. As a result, its movement can be described as a lateral trend with Pivot Point 1.3850;

- USD/JPY. 40% of analysts talked about the pair’s upward ambitions to the resistance of 106.40 and possibly even higher to 107.65. This forecast was supported by the 15% of oscillators which signalled it was oversold. As for graphical analysis, it suggested that the pair would rise to 106.40-107.15, which actually happened: the weekly maximum was fixed at the altitude of 107.05, and the week ended at around 106.80;

- We now reach cryptocurrencies: an extremely difficult asset to forecast due to their incredibly high volatility. The trends we suggested proved 100% correct: a slight initial rise followed by a sharp fall. For BTC/USD, we had predicted growth at the beginning of the week (it did go up to 11.670), followed by a fall (it fell by almost 30% to the level of 8.320). For ETH/USD, we predicted its decline by the end of the week to the 900-940 zone. However, Ethereum’s collapse exceeded expectations, and the pair recorded the weekly low at 635. The forecast for LTC/USD was as follows: a rise to 240 (ended up being 217.30) followed by a fall to 180-200 (in reality, 157.50). As for XRP/USD, which moved in a very narrow range at the end of February, the advent of spring marked its exit from hibernation. First, Ripple sharply gained weight to 1.025 per coin, and then lost almost 35%, dropping to 0.670.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Almost 55% of experts are sure that President Trump’s introduction of import duties on steel and aluminium will increase the attractiveness of the dollar, as a result of which EUR/USD will drop to at least 1.2000. However, a fairly large number of analysts believe that the pair will remain in the side channel 1.2150-1.2550 for some time, along which it has been moving since mid-January.
As for the medium-term forecast, the opinion of experts and the readings of graphical analysis are diametrically opposite. The former expect that the pair will fall to the level of 1.1900, whilst the graphs suggest upwards ambitions to 1.2800. The oscillator readings do not give clear signals either. On H4, 85% look down, and 15% signal that the pair is oversold. As for D1, there are even fewer clear benchmarks: one third of the oscillators suggest a fall, one third are neutral and one third predict the growth of the pair;

- GBP/USD. The indicators here are also indecisive, with some coloured red, some yellow, some green. But analysts, for the most part (80%), predict the continuation of the downward trend that began on 25 January. Supports are 1.3760 and 1.3585.
An alternative point of view is represented by 20% of experts and graphical analysis on D1, according to whose forecast the pair should try to break through the resistance at 1.4065. Te support is in the 1.3710-1.3760 zone;

- we should not rely on oscillators and, especially, on trend indicators in giving a forecast for USD / JPY this week. It is impossible to designate any obvious tendencies there. The opinions of experts are divided equally as well: 33% side with the bulls, 33% join the bears, and the remaining ones freeze in the middle.
As for graphical analysis, it draws a lateral trend on H4 within 105.25-107.65. Further developments can be seen on the D1 chart, where the pair breaks the lower boundary of this channel and descends to the 103.00 horizon;

- as for basic cryptocurrency pairs, experts expect the continuation of the downtrend. Thus, BTC/USD may go down to 8.320, and, in the event of a break through this level, fall to 7.740. Nothing good is predicted by analysts for Ethereum, Litecoin and Ripple either, which, according to their forecast, can lose another 10% to 20% of their value.

We should stress here that even the smallest events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1: 1000, will significantly reduce your trading risks. After all, in order to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for 19-23 March 2018

First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies:

- EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1.2550 side channel which it has been moving in since mid-January. It ended up doing just that, albeit with volatility even lower than expected - the difference between the highest (1.2412) and the lowest (1.2260) points of the week was only about 150 points. By the end of the week, the pair finished at 1.2288, only 17 points below where it had started;

- Even though only 20% of experts and graphical analysis on D1 suggested the growth of GBP/USD, the pair started going up at the very start of the week and had already approached the level of 1.4000 by Tuesday. However, despite all the efforts of the bulls, the pair was unable to break through this resistance, and by the end of the week it retreated to 1.3935, which can now can be considered the Pivot Point of this February-March;

- USD/JPY. Regarding the future of this pair, expert opinions were divided evenly last week: 33% sided with bulls, 33% joined the bears, and the rest froze in the middle. This ambivalence is approximately how the pair behaved itself: at first it fell a little, then grew a little, then fell again. The most forecast accurate was that given by graphical analysis, which had suggested the lateral channel of 105.25-107.65, within which the pair ended up moving all week (minimum - 105.59, maximum 107.28);

- We now reach cryptocurrencies: Regarding bitcoin, experts expected its fall to 7.740: BTC/USD fell to 7.638 by Thursday. Thus, the forecast turned out to be very accurate, and the error in determining the target was only about 1%.
Forecasts for Ethereum, Litecoin and Ripple were also disappointing for the owners of these coins and, to their great despair, fully accurate. Experts predicted these virtual currencies would lose 10% to 20% in value. On 15 March, all these pairs reached the local bottom: Ethereum fell by 21.67% (from 721.50 to 565.09), Litecoin by 20.4% (from 186.71 to 148.59) and Ripple by 25.9% (from 0.767 to 0.568). However, the bulls then managed to win back part of the losses. Thus, by the end of the week, ETH/USD had lost 15.6%, LTC/USD lost 10.2%, and XRP/USD lost 18.0%. BTC/USD had the lowest loss, about 7.7%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Dollar pairs expect important events on Wednesday 21 March: prime amongst these is the decision of the US Federal Reserve on the interest rate. According to forecasts, it will be increased from 1.50% to 1.75%, which will most likely result in dollar strengthening.
As for EUR/USD, more than 80% of trend indicators and 85% of oscillators look to the south. However, almost half of the experts, supported by the graphical analysis on D1, believe that at the beginning of the week the pair will still stay in the sideways trend within 1.2275-1.2445. 15% of oscillators signal that the pair is oversold, and also indicate that the bulls still retain some force and will try to push the pair up on the eve of the Fed decision.
In case the pair falls, the first support zone is 1.2150-1.2200, the next one is at 1.2000;

- GBP/USD. At the end of last week, the indicators on H4 took a neutral position, whilst those on D1 continued to look up, opining that both the two-week trend, and the broader one stretching from January 2017, will continue. The nearest targets are 1.4000, 1.4065 and 1.4145.
However, unlike indicators, experts can take important economic data into account. This will be plentiful next week both for the pound and the dollar, with Tuesday, Wednesday and Thursday all seeing the release of important data. Here, most analysts (60%) still expect the weakening of the British currency and the fall of the pair. The nearest support is in the 1.3710-1.3760 zone. In the event of its breakdown, in the medium term the pair may descend to 1.3445-1.3585;

- The view on the future of the USD/JPY is as follows: 70% of the experts, graphical analysis on D1 and 90% of the indicators on H4 and D1, look southwards, waiting for the pair to continue moving in the medium-term channel. The resistances are 106.40, 106.75 and 107.25. Supports are 105.25, 104.50 and 104.00.
It should be noted that in the medium term, the number of bull supporters among analysts increases from 30% to 65%. The goal is to climb into the 108.00-110.00 zone;

- The forecast for the main currency pairs is the following. BTC/USD: experts expect the pair to return to the highs of the previous week. According to their forecast, the pair should rise to 8,850-9,400. ETH/USD: growth to 655.00, and then on to 670.00-740.00. LTC/USD: rise to 170.00-181.00, and, in case of a break through the resistance, a rise to 193.00. XRP/USD: the target is 0.688-0.780, at with the pair possibly rising to 0.810 at the end of the week.
We would like to stress at this point that even minor events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1: 1000, will significantly reduce your trading risks. After all, to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Deposit and Withdrawal of Funds in Ethereum (ETH)

Dear Clients,

We are pleased to inform you that starting on 19 March 2018 you will be able to deposit and withdraw funds from your trading account in Ethereum (ETH), alongside
USD and Bitcoin.

The list of trading instruments in the Pro and Zero accounts includes six cryptocurrency pairs (BTCUSD, LTCUSD, ETHUSD, DSHUSD, XRPUSD and BCHUSD). Like for other trading instruments, the leverage ratio for these can go up to 1: 1000.


Yours faithfully,
NordFX


#forex #crypto #broker #Ethereum #nordfx

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for March 26 - 30, 2018

First, a review of last week’s forecast:

- EUR/USD has been in a sideways trend for the whole of March, with a slight predominance of bearish trends. This is exactly the kind of movement that was forecasted last week. Pressed by the bears, the pair tried to reach support at 1.2200, but failed even this, and fixed the local bottom at 1.2239. After that, the pair turned around and completed the trading session in the 2018 Pivot Point zone, at 1.2350;

- GBP/USD. At the time of writing the previous forecast, the indicators on D1 pointed to the north, believing that both the two-week uptrend and the more global one, which began in January 2017, would continue. This scenario was supported by 40% of experts as well, referring to the height of 1.4145. This forecast turned out to be correct, and at the very beginning of the five-day period the pair went up sharply. Basing on information from the Bank of England on Thursday, March 22, it even tried to break through resistance 1.4145, but failed to gain a foothold above this level, and rolled back very soon. As for the end of the week, the pair spent it making fluctuations around the same level of 1.4145;

- 70% of experts, graphical analysis on D1 and 90% of indicators on H4 and D1 expected the continuation of the USD/JPY movement in the medium-term channel. This was what happened - it dropped to the level of 104.63 on Friday, after which there was a slight retreat, and the pair met Saturday at the level of 104.75;

- Now, cryptocurrencies. As for bitcoin, the experts expected its rise to 8,850-9,400, and by the middle of the week the pair BTC/USD fulfilled the above task, reaching the level of 9,145.
For the pair LTC/USD, a rise to the zone of 170.00-181.00 was forecasted. However, after its fall on Saturday and Sunday, it seemed to be impossible. But the bulls managed to regain strength and managed to raise the pair to a height of 174.00 on Wednesday. Similar dynamics was demonstrated by the Ripple, having risen to the set level of 0.70, but still failing to gain a foothold above it.
But the Ethereum did not please the experts who expected its growth to the level of 655.00. In reality, it was only able to reach 587.00.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- 60% of analysts expect the pair EUR/USD to rise to the level of 1.2415, and then even higher - to the height of 1.2445. The next target is 1.2520. Graphical analysis on D1, 100% of trend indicators and 85% of oscillators on H4 agree with this forecast.
As for most of the indicators on D1, they have taken a neutral position. This time, 40% of experts and 15% of oscillators side with the bears, giving signals that the pair is overbought. The support levels are 1.2240, 1.2200 and 1.2155;

- GBP/USD. Most analysts (60%) still forecast a decline of the pair first to 1.4115, and in case of its breakdown, even lower - to 1.4080. However, only 5% of the indicators agree with this development. The remaining 95 percent, supported by 40% of analysts, have sided with the bulls, expecting the continuation of the uptrend. The nearest resistance levels are 1.4215 and 1.4275, the final target is January 2018 high, at 1.4345;

- Opinions on the future of the USD/JPY looks almost the same as last week: 70% of experts, 90% of indicators on H4 and D1, look to the south, expecting the pair to continue moving in the medium-term down channel. The targets are 104.00 and 102.65.
At the same time, graphical analysis on D1 warns that, before continuing to fall, the pair may rise to 105.70-106.30 for a while, and possibly even higher - to 107.00. 10% of oscillators, giving signals that the pair is oversold, expect correction as well;

- The forecast for the basic currency pairs looks as follows.
BTC/USD - Experts expect the continuation of the uptrend. Targets that the pair can reach by the middle of the week, are 9,870 and 10,080. At the same time, it is possible that the bullish impulse will be stronger, and it will rise to the zone 11,500-11,750. At the end of the week, there may be a change of trend and a relatively small decline;

Similar dynamics are expected for other pairs. ETH/USD: targets are 740.00 and 866.00. LTC/USD: 193.40 and 217.30. XRP/USD: 0.670, 0.730 and 0.890.
We would like to stress at this point that even minor events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1:1000, will significantly reduce your trading risks. After all, to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for April 02 - 06, 2018

First, a review of last week’s forecast:

- 60% of analysts, supported by graphical analysis on D1, 100% of trend indicators and 85% of oscillators on H4, expected the EUR/USD to grow, and this forecast turned out to be correct. The pair coped with the task quickly and, having risen by 125 points on Tuesday, reached the height of 1.2475. After this, the trend reversed, the pair returned to the borders of the mid-term side corridor, where it has been moving for the whole of 2018, and completed the week in the zone of its Pivot Point at 1.2325;

- GBP/USD. 40% of analysts and 95% of indicators sided with the bulls last week, waiting for the continuation of the uptrend. Levels 1.4215 and 1.4275 were called as resistance levels. As for the remaining 60% of experts, they expected the pair to go down to the horizon 1.4080. As a result, both forecasts were implemented, with a certain tolerance. At first the pair climbed to 1.4243, and then turned and went south, finding the local bottom in the zone 1.4010, not far from which it finished the week, at the level 1.4015;

- even though most experts expected the medium-term downtrend to continue, one third of them, in anticipation of correction, looked north. 10% of the oscillators supported such development, giving signals that the pair was oversold. As for graphical analysis, it indicated the target - the height of 107.00, to which the pair rose on Wednesday, March 28. After that, it turned and fell to the level of 106.27 by the end of the week;

- and now, cryptocurrencies that moved all the way to the south all week, even though many oscillators insistently indicated they were oversold. Optimists call this fall a prolonged correction, pessimists talk about the beginning of the end of the crypto currency boom. Whatever it is, the fact remains - the crypto market "shrunk" by 70% during three months of 2018, and its capitalization is now only 275 billion USD.

There are several reasons for this fall: this is ongoing hacker attacks on crypto-exchanges and client wallets, more unsuccessful ICO projects, and the increased pressure on this market by regulators. The Chinese authorities made an announcement on further steps on Thursday, and in Japan, five exchanges withdrew their applications for licensing, realizing that they will not be able to meet the requirements of the FSA - Financial Services Agency of this country.
As a result, bitcoin dropped to the level of 6520, Litecoin - down to 108.00, ripple - 0.45, and the Ethereum fell to the values of last June to the zone of 365.0.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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 overwhelming majority of experts have taken a neutral position, waiting for the pair to go on moving in the mid-term lateral channel of 2018. As for trend indicators and oscillators, about 60% recommend the sale of the pair, 40% - purchase, or are painted neutral gray. The above allows us to say that the pair is likely to stay within this channel for the first half of the week. The nearest support is in the zone 1.2240, the next one is 1.2155. Resistance is at the levels is 1.2445 and 1.2535.

Higher volatility of the pair can be expected on Wednesday and Thursday after the release of data on the European consumer market and information about the ECB meeting. On Friday, the market is expecting data on the labor market from the US. One of the most important indicators here is the NFP, which determines the number of new jobs created outside the agricultural sector. According to forecasts, it may fall by about 35%, which can weaken the dollar considerably. However, data on average wages in the US will be published at the same time with the NFP, which may provide some support to the US currency.

- GBP/USD. As in the case of EUR/USD, half of analysts vote for a sideways trend. As for the indicators, about 50% of them on D1 point to the east. 30% of experts, 15% of the oscillators, giving signals that the pair is oversold, and graphical analysis on H4, waiting for the pair to return to the level of 1.4245, side with the bulls. The bears this week are represented by 20% of analysts and graphical analysis on D1, expecting the fall of the pair to the corridor 1.3780-1.3875.
It should be noted that the number of bears' supporters increases to 55% in the medium term;

- USD/JPY. It is impossible to use indicators at the moment - their readings are a mixture of green, red and neutral gray colors. As for the experts, 55% of them believe that the uptrend that started last week will continue, and the pair will rise to 107.30. The next target is 108.50.

The remaining 45% of analysts, supported by graphical analysis on D1, on the contrary, are confident that the pair will not be able to overcome the resistance of 107.00 and will go first to support 104.65, and then even further downwards - to zone 101.20-104.30.

- The forecast for the main cryptocurrency pairs is the following.

BTC/USD: experts expect the continuation of a downtrend to the horizon of 5970, and in case of its breakdown, down to 5425. After this, the trend should reverse and return to the 8000 zone, which can take two to three weeks to complete.

Similar dynamics are expected for other pairs. ETH/USD: decrease to the zone 200.00-275.00 and the subsequent retreat into the zone 500.00. LTC/USD - drop to 85.00-105.25, then rebound to 173.80. XRP/USD - according to experts, this pair can find the bottom at the level of 0.25-0.30, after which it will for some time return to the level of 0.63.

Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000.
Deposit and withdrawal of funds in USD, bitcoins and Ethereums.

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for April 09 - 13, 2018

First, a review of last week’s forecast:

- The forecast for EUR/USD turned out to be generally correct: the pair did not go beyond the 2018 mid-term side channel, going down in anticipation of data on NFP, only to the level of 1.2217. As expected, the Nonfarm payroll sagged significantly, more than three times compared to the values of the previous month, to which the pair could not help reacting. However, the reaction was fairly calm: the dollar lost just 60 points to the euro, after which the pair completed the week in the strong support/resistance zone 1.2280;

- GBP/USD. The main forecast for this pair was a sideways trend, in the narrow framework of which the pair stayed for the first half of the week. Thursday and Friday brought some volatility, but as a result, the five days change was only about 70 points, and the pair froze at 1.4085;

- The forecast, made by the majority of experts for USD/JPY, was absolutely correct. 55% of them were sure that the uptrend will continue, and the pair will rise to 107.30. And this was what happened - it rose to the level of 107.48, which, taking into account the standard backlash, is almost a 100% hit. As for the end of the five-day period, the pair completed it 60 points below the weekly maximum, at 106.88;

- Cryptocurrencies, just like most major currency pairs, spent all the time in a sideways trend. It seemed in the middle of the week that the bulls took over, and the long-awaited growth of bitcoin, ethereum and other altcoins finally, started. But ... the pairs returned to the values of the beginning of the week. So, the result of the past seven days can be considered inconclusive both for the bulls and for the bears.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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. Graphical analysis on D1 believes that the pair completed the previous five-day period in the Pivot Point zone of the side channel, in which it will stay for the next few days. The boundaries of the channel are 1.2215 and 1.2355. The most likely breakthrough is to the south and a decline to zone 1.2090-1.2150. Almost 65% of experts agree with such a scenario, supported by indicators on D1.
As for the remaining 35% of analysts and indicators on H4, in their view, the dollar's weakness caused by the data on the US labor market will continue, and the pair will rise to the level of 1.2355-1.2415;

- The main forecast for the GBP/USD is as follows: possible (but not compulsory) small growth to resistance 1.4125, and then falling first to support in the 1.4000 zone, and, in case of its breakdown, a decline to 1.3915-1.3965 zone. This forecast is supported by almost 75% of experts, graphical analysis on D1, as well as about 15% of oscillators signaling the pair is overbought. Only a quarter of analysts agree with the positive outlook and the growth of the pair to 1.4200-1.4240;

- USD/JPY. With a high degree of probability, the mid-term lateral trend which began in mid-February this year, will continue. The only question is a more precise definition of its boundaries. The bulls are supported by about 65% of analysts who expect the pair to rise to the horizon at 108.00. As for the bears, their immediate goal is the level 105.65. In case the dollar continues to lose its positions, the pair may drop to support 105.25 and even another 60 points lower;

- As for cryptocurrencies, it is useless to try to determine the exact levels, considering their super-high volatility. One can only talk about the direction of trends and approximate targets. In the coming week, experts expect that the bulls' efforts will still be rewarded, and starting Monday, April 09, the main pairs may expect growth, although small and temporary, BTC/USD: rise to 7,820-8,360. For the ETH/USD, the target is the zone 440-511, LTC/USD: 155-175, XRP/USD: 0.56-0.67.

Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000.
Also, you can just invest in cryptocurrencies on favorable terms.
Deposit and withdrawal of funds in USD, bitcoins and ethereums.

Roman Butko, NordFX

Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Profit 7000% per Month: Success Formula from Miss Sarinya

For some reason, it is a common opinion that trading in foreign exchange markets is, like chess, mainly a male business. However, this is not at all the case, and women, with their perseverance and patience, can quite often give a hundred points to the odds to the "strong" half. The results that a trader from Thailand has recently showed, can serve as an example: she has managed to increase her deposit by 70 times in less than a month!

Miss Sarinya is 35 years old, she lives in Northern Thailand in Chiangrai Province, where she sells bags and all kinds of fashion accessories. And as she said, in order to have some additional income, a few years ago she decided to take up Forex.

"I did not finish any special training courses," says Sarinya, "I studied, receiving information from all sorts of online resources. I am still not very strong at technical analysis, I am just used to do her best always and in everything, and to bring the matter to the result. I tried many different trading strategies, sometimes I lost, sometimes I earned. As a result, I developed my own method - just trade, set a profit target, and stop when you start losing money."

- For many people, the most difficult part is to stop in due time. Don't you mind to part with the money in such cases? - we ask Sarinya.

- I have no passion for money, as I do not strive to make a lot of money quickly. I do not at all expect to become a millionaire with the help of Forex," - Sarinya smiles. - As I said, I just want to have extra earnings.

- And you are great at this: just in a few weeks’ time, having started from $ 35, to turn them into $ 2500 is an outstanding result, frankly speaking.

- Yes, I learned about NordFX from the partner of this company - Miss Tip. At first, I got used to the platform, and then I began to trade.

- And what are your impressions?

- Everything is fine, including withdrawing funds: - all goes quickly and without problems.

- As far as we know, you do not use expert advisors, you trade on your own, "manually". But such a trade takes a lot of time. What do your family and friends think about this?

"Well, since I'm making money, they do not mind me doing this."

- If it's not a secret, having received $ 2500 from NordFX, how will you spend it? Will you have a big family dinner, go shopping or spend the money on anything else?

"I'll spend it on something else," Sarinya smiles again. - Simply put, I will use it for further trading on Forex.

- And the last question: what advice do you have for beginning traders?

- Nothing special. One just needs to learn more and trade more!


#forex #broker #nordfx #cryptocurrencies #bitcoin #profit

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Forex Forecast and Cryptocurrencies Forecast for April 16 - 20, 2018

For starters, a few words about the forecast for the previous week, which turned out to be absolutely true for many major and cryptocurrency pairs:

- EUR/USD. According to the graphical analysis, the pair was supposed to consolidate in the Pivot Point zone of the medium-term side channel in 2018. The level of 1.2215 was indicated as the lower limit, the upper one was 1.2355. At the same time, 35% of analysts suggested that the US dollar will continue to weaken, provoked by data on the labor market, and the pair would be able to break through 1.2355, rising above this level.
It was this scenario that was implemented. The pair climbed 115 points by the middle of the week, reaching the height of 1.2395, after which it turned and returned to where it had been expected - to the medium-term Pivot Point in the zone of 1.2328;

- The forecast for the pair GBP/USD had supposed a certain growth, but not the one that really happened. Recall that the growth above the horizon 1.4200 was supported by only a quarter of analysts, but the dollar weakening surpassed even their expectations, and the pair almost reached the level of 1.4300 on Friday. However, the strength of the bulls dried up soon, and it rolled back to the level of 1.4240;

- The forecast made by most experts on the pair USD/JPY, suggested continuation of the medium-term lateral trend, which began in mid-February, and its growth to a height of 108.00. That's exactly what happened. The pair moved within the corridor 106.60-107.40 for the whole week, after which it tried to move one level above, but, having reached the height of 107.77, could not get fixed there and returned to the highs of the previous week;

- The forecast for cryptocurrencies turned out to be absolutely correct as well. All major crypto-pairs went up as expected.
The script for the BTC/USD provided for an increase to 7,820-8,360. In fact, the pair reached the mark of 8,200.
For the ethereum, the target was the zone 440-511, it managed to climb even slightly higher - to the height of 527, after which, it returned to the 490 mark by the end of the week.
For the LTC/USD, the scenario envisaged a rise to 155-175, however, even though the pair went up confidently, the bulls' enthusiasm dried up a little earlier - at the height of 133.
And, finally, ripple. The experts set a height of 0.67 as the main target for it, to where it got on Friday evening.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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. 60% of experts, together with graphical analysis on D1, continue to insist on the pair going down first to the level of 1.2215, and then, possibly, to the minimum of the medium-term side corridor at the horizon 1.2155. However, the geopolitical situation in which Syria is involved, as well as the trade war with China, and a number of other factors, can make influence the situation and lead to a further weakening of the dollar. In this case, as 40% of analysts believe as well as most of the oscillators on D1, the pair can continue to move to the resistance levels at the top of the channel, these are 1.2410, 1.2475 and 1.2525;

- Almost all the indicators, both trend ones and oscillators, both on H4 and D1 (85%) are determined to buy the GBP/USD. But as for the experts, here the bulls' advantage is not so impressive: 60% by 40%. The main support is located at 1.4145, then 1.4065 and 1.4010. The resistance levels are 1.4345 and 1.4425.
It should be noted that in the medium term, the advantage is shifted to the bears, and here 60% of analysts vote not for growth, but for the fall of the pair, expecting its fall to the March lows around 1.3760;

- USD/JPY. Almost all indicators are painted green following the trends of the last days and weeks. However, we should pay attention to the fact that the pair is at the upper boundary of the strong resistance zone, which can be traced starting from this February. More than 70% of experts believe that the pair will try to gain a foothold above this zone, and its weekly fluctuations will occur in the range of 107.00-108.50. However, one third of analysts are sure that the pair will return to the side corridor 106.65-107.00, and, if it breaks its lower border, it may drop another 100 points lower, reaching the local bottom at 105.65. This development is also confirmed by the graphical analysis on D1;

- As for cryptocurrencies, experts expect this week that the pair BTC/USD will move along the level of 8,000, making fluctuations in the range of 7,570-8,575. ETH/USD may try to conquer the height of 600, but the ethereum will not be able to get fixed there and it will return to the levels around 485-510. For the pair LTC/USD, experts point to the height of 145 as the target, and to the zone 0.70-0.740 for the pair XRP/USD.

Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000.
Also, you can just invest in cryptocurrencies on favorable terms.
Deposit and withdrawal of funds in USD, bitcoins and ethereums.

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for April 23 - 27, 2018

First, a review of last week’s forecast:

- The pair EUR/USD continues to keep in the zone of the 2018 mid-term side channel 1.2200-1.2525, more precisely, in its central part, gradually reducing volatility in comparison with the beginning of this year. Last week, the experts called the horizon 1.2215 as the nearest level of support for it, as for resistance, the horizon 1.2410 was named, in the area of which the pair fixed its minimum - 1.2250 and maximum - 1.2413, showing the fluctuation range of less than 165 points. As for the end of the week session, the pair recorded the result at 1.2288;

- The GBP/USD pair. Here, almost all indicators (85%), as well as 40% of analysts, were determined to buy it, calling resistance 1.4345 as the nearest target. The pair went north right from the very beginning of the week, and even rose 30 points above the target level at some point, but the breakdown turned out to be false. Not having kept at the height of 1.4375 even for an hour, it turned around and, as 60% of experts had expected, rushed down, reaching the weekly bottom in the 1.4000 zone on Friday;

- giving a forecast for the pair USD/JPY, most experts (70%) had believed that its weekly fluctuations would occur in the range of 107.00-108.50. Taking into account the standard backlash, this forecast turned out to be correct, and the pair stayed within 106.87-107.85 in its lateral movement. It finished the week not far from the level where it began, at the horizon 107.64;

- with a small tolerance, the forecast for cryptocurrencies was absolutely correct once again. The forecasted trip to the north did take place. For BTC/USD, it assumed that it would reach the height of 8.575. In reality, the pair rose to the mark of 8.535 by the end of Friday, and then went further up to the target.
For the etherium, the goal was the height of 600, which it reached on the night from Friday to Saturday. At the same time, the pair LTC/USD overcame the height of 145.00, which had been called by experts, and the pair XRP/USD rose above the level of 0.85.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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 overwhelming majority (75%) of experts, together with graphical analysis on D1, continue to insist on the movement of the pair in the side channel 1.2200-1.2415. In this case, it is highly likely that at first the pair will drop to its lower limit, and will go up only after it beats off it. The readings of the oscillators confirm such a scenario, 15% of which are already signaling the pair is oversold.
If we talk about the prospects for early May, graphical analysis and about half of analysts suggest that the pair will rise to the highs of February 2018. to the area of 1.2555. In the bears win, the pair can go to the level of 1.1915-1.2085.
The formation of trends can be influenced by the decision on the interest rate and the ECB press conference on Thursday April 26, as well as the annual data on US GDP, which will be released on Friday April 27;

- GBP/USD. It is clear that all the trend indicators have turned to the south following by the last week's results. However, 60% of experts, supported by graphical analysis on D1, believe that 1.4000 will be the lower limit of the weekly side channel 1.4000-1.4245. The next resistance is located at 1.4375. The bullish version is also confirmed by oscillators, 20% of which signal the pair is oversold.
40% of analysts side with the bears who believe that the pair will still be able to break through the level of 1.4000 and fall first to support 1.3885, and then even lower - to zone 1.3745;

- USD/JPY. 85% of analysts, 100% of trend indicators on H4 and 80% on D1, graphical analysis and the vast majority of oscillators vote for the strengthening of the dollar and further growth of the pair. On H4, the graphical analysis draws the corridor 107.25-108.05, on D1, the range of oscillations is wider - first decrease to support at 106.60, and then rise to the tops in the 109.00 zone. This scenario is consistent with the oscillators, a quarter of which give signals that the pair is oversold.
Analysts who support the fall of the pair to support 105.00 are only 15% at the moment. However, in the medium term, this possibility is not ruled out by a third of experts;

- Cryptocurrencies. After the BTC/USD rose to 9,000, experts expect the pair to roll back into the zone 7,785-8,200. In this case, it is highly likely that the fall will be even stronger, and the pair will return to the zone of 6,585-7,100.
In case the etherium breaks through the support of 500.00, the pair ETH/USD can return to the zone 360-430. Supports for the pair LTC/USD are 135, 122 and 110, as for the pair XRP/USD, they are 0.67, 0.55 and 0.43.
The opportunities for growth of these cryptopairs, according to experts, are limited to Saturday-Sunday highs of April 21 and 22.

Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000.
Also, you can just invest in cryptocurrencies on favorable terms.
Deposit and withdrawal of funds in USD, bitcoins and ethereums.

Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

Forex Forecast and Cryptocurrencies Forecast for April 30 - May 04, 2018

First, a review of last week’s forecast:

- as we said, the key event last week was the ECB President Mario Draghi press conference on Thursday, April 26. The pair EUR/USD had descended to the lower boundary of the three-month lateral channel around 1.2200 by that date. Recall that this behavior had been predicted by almost 100% of experts. But further on, their opinions diverged: 75% expected the pair to go up and return to the mid-term trading range, and 25% were confident that the euro would lose its positions further.
The dispute between the analysts was resolved by Mr. Draghi, who admitted that the Eurozone economy was unlikely to preserve the last year's growth rates. And although he said that the ECB will gradually reduce the QE quantitative easing program, many experts felt that its terms will likely be extended beyond 2018. As a result, the euro lost another 150 points. True, then a rebound occurred and the pair completed the week at 1.2130;

- GBP/USD. Strengthening of the dollar could not but affect the British pound. As a result, the forecast, for which about 40% of analysts voted, was implemented - the breakdown of the horizon is 1.4000 and the decline to support 1.3745, near which, at 1.3780, the pair and met the end of the weekly trading session.

- USD/JPY. 85% of analysts, graphic analysis and the clear majority of indicators had voted for the strengthening of the dollar and further growth of the pair to the heights in the 109.00 zone. This almost unanimous opinion was absolutely true, and the pair completed the five-day period at the height of 109.05;

- Cryptocurrencies. After the BTC/USD rose to 9,000, experts had expected the pair to roll back about 1,000 points down. However, this did not happen, and Bitcoin was in a sideways trend along the horizon of 9,000 for the whole of the week, making fluctuations in the range of about ± 500 points.
Other pairs behaved in a similar way. The level of 150.00 became Pivot Point for LTC/USD, and for XRP/USD, it was 0.845. And only Ethereum showed a noticeable recovery, reaching the mark of 709.83 on April 24. True, then a pullback followed, but despite this, the pair completed the week with an increase of about 10%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, 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. If only a quarter of experts voted for the transition of the pair to the zone of 1.1915-1.2085 last week, their number has increased to 60% now. About 80% of the indicators are painted red as well. Additional support for the dollar is provided by the expectation of data on the labor market in the US on Friday, May 4. According to forecasts, the number of new jobs created outside the agricultural sector (NFP) may increase from 103K to 198K, which does not exclude the fall of the pair by another 100-115 points lower, to support 1.1800.
This time 40% of experts and graphic analysis on D1 have sided with the bulls. In their opinion, the fall below the level of 1.2200 has been temporary, and the pair will return to the medium-term horizontal channel within a week or two and will reach a height of 1.2415. Oscillators confirm this possibility, 20% of which signal the pair is oversold;

- GBP/USD. It is clear that all the trend indicators have turned to the south following the last week's results. As for the experts' opinion, here the supporters of bears have a slight advantage - 55% versus 45% for bulls. Bull sentiment is also supported by a quarter of the oscillators, giving signals that the pair is oversold, as well as graphical analysis on H4 and D1.
If the "growth party" wins, the pair will go up, starting from the support of 1.3750, aiming to rise above the level of 1.4000 and, possibly, to reach the height of 1.4075. The nearest resistance is 1.3840.
If, however, the bears' expectations come true and the pair goes south, the support will be located at the following levels: 1.3585, 1.3455 and 1.3300;

- USD/JPY. 70% of analysts, supported by most of the indicators and graphical analysis on D1, expect the continuation of the uptrend. The targets are 109.80, 110.45 and 111.25. The remaining experts together with the graphical analysis on H4 believe that the pair has already reached a local maximum, and now it is expected to decline first to the level of 108.35, and even lower in case of its breakdown. The targets in this case are 107.40 and 106.60.
It should be noted that graphical analysis on D1 also does not exclude a drop to the level of 106.60, but only after the pair reaches heights in the area of 111.00, at least;


- Cryptocurrencies. Experts expect the growth of the BTC/USD first to the level of 10.000, and then 500-700 points higher. The main support is 8.620. In case of its breakdown, it is possible to decline to the level of 7.785.
The main forecast for the pair ETH/USD is an increase to the height of 785, the next target is 865. The nearest support is 594, the next one is 500. LTC/USD: the goal is to return to the April 24 high, 165.00, the support is 140.00. XRP/USD: the goal is to rise to the level of 0.92, and then to the zone 0.942-0.985, the support is 0.7230.

Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000.
Also, you can just invest in cryptocurrencies on favorable terms.
Deposit and withdrawal of funds in USD, bitcoins and ethereums.

Roman Butko, NordFX

Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com

NordFX named Best News and Analysis Provider by FXDailyinfo

NordFX has once again been recognised for the high quality of its services. The latest recognition came from international portal FXDailyinfo, which, after a round of voting, named the economic analysis and reviews of our experts the best in the industry.

The portal has been running the FXDailyinfo Awards series for several years now. The awards are based on open voting by the community, which decides which of the many companies in financial markets have distinguished themselves in a number of areas. This year, NordFX won by a large margin in the ‘Best News and Analysis’ category, having received nearly 70% of the popular vote.

We are sincerely grateful to all who voted for us for valuing the continuously hard work of our international analyst team. We hope that our output will continue to be both interesting and useful to the widest possible trading audience.

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