Thread: NordFX - ECN/STP, MT4, SR, Multiterminal broker

We wish to inform you that on October 31st 2014, Currensee and the Trade
Leaders Program will cease operation.

Through October 31st, NordFX Currensee account holders will not be able
to change allocations or allocate further margin to the Currensee Trade
Leaders™ Investment Program. Trade copying will continue as usual unless
the client de-allocates margin from their account manually. All follower
positions will be closed at 9:00am EDT on October 31st. Of course,
any remaining funds will sit in your NordFX Currensee accounts.

Registration of new Currensee accounts is closed.

Colleagues,


To help facilitate your hard work in the field of forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker companies as well as forecasts based on most different methods of technical analysis (26 indicators and special programs).


As for the last week’s forecast, overall it came true for three pairs out of the four:
- the GBP/USD pair experienced the predicted drop to 1.5870 as well as the predicted reversal that returned it to the market risk level;
- for the USD/JPY pair experts predicted a sideways trend which happened, although with quite high volatility;
- the USD/CHF also experienced the predicted drop and reversal;
- yet for the EUR/USD pair the majority of "votes" predicted a steady drop and only one system of graphical forecasting showed a growth towards 1.2830. It is this exact scenario that was realized with almost 100% accuracy.


Roman Butko, NordFX


WE DO NOT ADVISE, WE INFORM!

Colleagues,

I bring to your attention a summary table in which I’ve collected the opinions of 35 analysts and leading world banks and broker firms as well as predictions based on different methods of technical analysis (26 indicators and special programs).

As for last week’s forecast, it was confirmed with 100% accuracy for all four pairs:
- EUR/USD displayed a steady fall in the first half of the week, after which the euro won back some of its positions (open 1.27501, low 1.26129, close 1.26695);
- GBP/USD also experienced the predicted fall of three black candles;
- USD/JPY experienced a steady increase from 107.202 to 108.150;
- as for USD/CHF, experts and indicators predicted a side trend with a slight increase, which indeed happened.

Roman Butko, NordFX

Still looking into EUR USD as a good one.

Dear colleagues,

Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical analysis, the following can be concluded:
- for 3-7 November, EUR/USD can be expected to move sideways with a downward slide to 1.2470-1.2480;
- approximately the same can be said about the GBP/USD pair – the levels of support will be 1.5940 and 1.5880;
- after an impressive growth last Friday, USD/JPY is likely to experience a break in its sideways trend;
- USD/CHF will also be in a sideways trend, although in the medium term the pair may rise to the level of 0.9703.

As for last week’s forecast:
- The forecast for EUR/USD showed a sideways trend with a fall and a rise of 50% by 50%. This is what actually happened – for the first half of the week the pair fell and for the second half it went up.
- The forecast for GBP/USD was confirmed 100% – the pair showed a black weekly candle, having fallen from 1.6083 to 1.5940.
- The dollar displayed steady growth against the Japanese yen and so fully justified the forecast.
- Finally, a sideways trend with a slight growth was predicted for USD/CHF, which is what happened.

Roman Butko, NordFX

Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical analysis, the following can be concluded:
- for 10-14 November, the most probable movement of the EUR/USD pair is downwards to the level of 1.2300-1.2340 while a temporary rise to 1.2510-1.2540 is not excluded;
- approximately the same can be said about the GBP/USD pair, the main trend being a fall to the level of 1.5760 and the strongest level of resistance for this pair being 1.6000;
- for USD/JPY analysts predict a sideways trend, while technical analysis indicators for the most part predict further strengthening of the dollar. Most probably last week’s scenario will be repeated – a small growth against the background of sideways movement;
- USD/CHF will carry on striving to rise above the key level of 0.9700.

As for last week’s forecast:
- the forecast for EUR/USD showed a fall to the level of 1.2470, which is what happened, although the fall proved to be more rapid – the pair finished at 1.2454;
- the black candle for GBP/USD was also confirmed, and the pair ended the week at 1.5872, close to the predicted support level;
- for the USD/JPY pair sideways movement with a definite rise was predicted but in reality the dollar got strengthened more than expected;
- and finally, USD/CHF fully confirmed the forecast, having held a sideways trend all week, albeit with relatively high volatility for this pair.

Roman Butko
NordFX

Forecast 10-14 Nov 2014.jpg

Generalizing the opinions of 35 analysts from world leading banks and broker companies collected in the table as well as forecasts based on most different methods of technical and graphical analysis, the following can be concluded:
- for the period of 17-21 November, the EUR/USD pair will once again be testing the level of 1.2400, although at the start of the week a small rise to 1.2550 is possible;
- concerning GBP/USD, we can predict a sideways trend with sliding downwards to the level of 1.5580. At the same time, graphical analysis indicates there may be a short hike to 1.5725;
- the USD/JPY pair is probably going to duplicate its behavior in the previous two weeks, strengthening the dollar by another 100-120 points and reaching the level of 117.30;
- opinions regarding the USD/CHF pair diverge. An attempt to sum them up points to a sideways movement with quite strong volatility and a downward tendency to 0.9550.


As for last week’s forecast:
- the EUR/USD outlook was confirmed only partly. However, if any traders didn’t win by taking it into account, they at least should not have lost either. To recap, for 10-14 November analysts predicted a sideways trend with a small slump while indicators unanimously pointed downwards. As predicted, already by Monday-Tuesday the pair tried to break through the level of 1.2400 and then repeated this attempt on Friday, both times unsuccessfully. As a result, EUR/USD finished the week exactly in the range of the predicted rebound 1.2510-1.2540;
- as for GBP/USD, the opinions of both analysts and indicators were unequivocal – downwards and only downwards to the level of 1.5760, which is what happened with 100% accuracy;
- the USD/JPY pair was predicted to repeat the scenario of the first week of November – a sideways movement with definite growth. If you compare the weekly charts, you will see that they practically repeat each other;
- finally, USD/CHF nearly mirrored the behavior of EUR/USD – it got close to its goal of 0.9700 twice but near the very end of Friday it rolled down to last week’s minimum due the news from the USA.

Roman Butko, NordFX

Generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be concluded:
- 24-28 November, while securing itself at 1.2400, the EUR/USD pair will be in a sideways trend. At the same time, a fall to the 1.2350 mark is possible;
- a sideways trend can also be predicted for GBP/USD with strengthening volatility in the corridor of 1.5575-1.5720 towards the middle of the week;
- the USD/JPY pair, most probably, will once again strive to get to the level of 118.75-119 after which a retreat to 115.70 will follow;
- and finally, after several weeks of deliberation both analysts and indicators have reached the consensus that USD/CHF will continue moving upwards to at least 0.9740.

As for last week’s forecast:
- the general outlook for EUR/USD was fully confirmed. Both the predicted growth at the start of the week and the fall to the level of 1.2400 occurred. Although the upper boundary of the range turned out to be slightly higher than the calculated one (1.2550), we can say that the pair worked within the prescribed limits, finishing the week with the long awaited spectacular break of the lower rate of 1.2400;
- as for the GBP/USD pair, a sideways trend with possible growth to the 1.5725 mark and sliding down to the level of 1.5580 was predicted, which is what happened. After a bold swoop on the top boundary of 1.5725, already Monday morning the pair began rolling down rapidly, stopping at the 1.5590 mark 19 November and then rebounding to the levels of the beginning of the week;
- as predicted, USD/JPY repeated its behaviour over the previous two weeks precisely, breaking through the 117.30 mark on Wednesday and strengthening the dollar by another 160 points;
- the opinions of the analysts and the technical analysis indications regarding USD/CHF diverged. With that, strong volatility with a possibility of a fall to 0.9550 was predicted for the pair. The range of the fluctuations of the exchange rate indeed turned out to be strong – over 175.5 points, while the pair approached the 0.9550 mark more than once.

Roman Butko, NordFX

Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be concluded:
- for the period of 1-5 December, the EUR/USD pair is expected to have a sideways trend with quite high probability of falling to 1.2350;
- the battles of the bulls and the bears seem to be slowing down ahead of Christmas holidays. Thus, GBP/USD will most likely display a sideways movement in the 1.5580-1.5675 range while at the same time the pair may show a downward tendency;
- the USD/JPY pair, lacking any obvious trends, doesn’t divert from the general picture either. The main fluctuations will be occurring around the axis of 118.30. With that, at the start of the week a rise to 119.15 is possible, followed by a rebound to 117.60 and even to 117.10;
- finally, USD/CHF is still predicted to go up to 0.9700-0.9800 in the medium term. The support is at the level of 0.9620.

Let’s have a look at last week’s forecast:
- the EUR/USD pair was predicted to have a sideways trend around the level of 1.2400 and a possible fall to 1.2350. In reality, the pair went down to 1.2360 for a short period of time and then continued its sideways movement, finishing the month at practically the same mark as at the beginning of November – 1.2450;
- as for GBP/USD, a sideways trend was also predicted with strengthening volatility in the corridor of 1.5575-1.5720 in the middle of the week. The forecasts came true concerning the sideways trend and the increased volatility – the pair finished at the same level as it started at the beginning of the week while the peak of the fluctuations of the exchange rate came about on Wednesday-Thursday. However, the experts were mistaken about the boundaries of the corridors – they turned out to be significantly higher at 1.5620-1.5820;
- the USD/JPY pair demonstrated the promised attempts to conquer 118.75 twice in one week, which happened on Friday. However, since that occurred at the very end of the weekly session, the pair apparently didn’t have enough time for a serious rebound downwards, which we can expect in the next week or two.

Roman Butko, NordFX

Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, the following can be predicted:
- 8-12 December, the EUR/USD pair will fall further by approximately 100 points to 1.2200. However, it’s quite possible that this may take up to two weeks. The resistance level is expected to be 1.2375;
- GBP/USD is expected to have a sideways trend with a slight fall to 1.5550 approximately;
- as for the USD/JPY pair, experts continue to wait for the rebound downwards, although now to the level of 120.80. At the same time, the indicators point strictly upwards to the 122.00 mark. So, most probably the pair will be fluctuating in the range of 120.80-122.00;
- the USD/CHF pair is unanimously predicted to rise to the level of April 2013, i.e. 0.9830-0.9850.

As for last week’s forecast:
- there was high probability that EUR/USD would fall to 1.2350, which, in fact, happened already on Wednesday. The pair spent the rest of the week in a sideways trend, still demonstrating a downward tendency;
- the forecast for GBP/USD was a sideways trend in the corridor of 1.5580-1.5675 with quite strong bearish pressure. The outlook was fully confirmed, and the pair spent the last day of the week between 1.5570 and 1.5690;
- throughout the start of the week, the USD/JPY pair was fulfilling the forecast aiming for the 119.15 mark. Further on, however, instead of the predicted rebound, a sharp breakthrough upwards occurred, and the pair ended Friday at 121.45;
- finally, the USD/CHF pair fully justified the expectations by reaching the promised level of 0.9800. The support level of 0.9620 was also predicted correctly – by rebounding from this bottom level, the pair shot upwards.

Roman Butko, NordFX