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

Originally Posted by Anatris

Hello, NordFx!

Specify, please, does your company provide any deposit bonus?

Dear Anatris,
Among a wide range of all possible stimulating and thanking actions implemented by NordFX for many years, we can mention two types of bonuses provided this year. Specifically, we talk about the increase of the trader's deposit up to 25% or up to 55%. The basic difference of these bonuses is that the bonus up to 25% http://nordfx.com/promo/bonus_deposit.html may be withdrawn after carrying out transactions of specific volume, and the bonus of up to 55% http://nordfx.com/promo/bonus55.html cannot be withdrawn and can only be used for trading.

I'll start things of with a small micro account with this broker. Let's see how it works for me. Where can I see user reviews here please?

Forex Forecast for 5-9 October 2015

First, a review of the previous week:
- this time round, the forecast for EUR/USD given by graphical analysis panned out – first, the pair was to go down to 1.1120 and then return to resistance at 1.1210, which happened. After that, the pair moved sideways, turning 1.1210 into a Pivot Point where it finished the week;
- those 80% of the analysts who said that GBP/USD had already reached its low were right. Despite all the efforts by the bulls, a rebound didn’t occur. Instead, the pair followed the predictions of graphical analysis and stayed in a sideways trend all of the last week;
- in line with the forecast of the 12% of the analysts and the indicators on D1, USD/JPY continued its sideways trend. Besides, the D1 chart clearly shows that, after descending from a double top to last spring’s levels and reducing its volatility, USD/JPY formed an almost perfect pennant (or a symmetrical triangle) over the last 6 weeks;
- one of the forecasts for USD/CHF claimed that the pair would continue its sideways movement, which did happen. At the same time, as predicted, support was at 0.9670 (the pair’s main support level for the past 4 weeks). The other mentioned level 0.9740 served as a Pivot Point.

Forecast for the coming week.
Summarizing the views of several dozen 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 proposed:
- both analysts and indicators predict that EUR/USD will stay in its sideways trend. The bottom boundaries are set at 1.1100 and 1.1000. Resistance is likely to be at 1.1300 and 1.4600;
- most experts believe that GBP/USD will also be moving horizontally. The main support level will be at 1.5100, with the main resistance around 1.5300. Graphical analysis on H4, in turn, shows that the pair may bounce higher to around 1.5360, as it happened 8 and 9 September. Alternatively, 17% of the analysts don’t rule out that 1.5100 is still not the bottom and the pair may drop even lower to 1.1470;
- considering that USD/JPY has formed an absolutely symmetrical triangle on D1, the indicators continue to point to a sideways trend. However, the W1 timeframe shows that the triangle isn’t that symmetrical but rather ascending. This pattern is usually indicative of an upward breakout, and 70% of the experts agree with it, believing that the pair should reach at least 122.00 in the long run. The main support remains at 118.50;
- regarding USD/CHF, the lows of 24 August, 18 September and 2 October allow drawing a bullish support line. This is corroborated by 67% of the analysts and indicators on W1 – in the medium term, the bulls will maintain advantage and the pair will be moving up to 0.9900. At the same time, indicators on D1 suggest that the pair will stay in a horizontal trend with a 0.9740 Pivot Point for another week.

Roman Butko, NordFX

Currently reviewing the details here but I think I'll try the micro account. Let's see how this goes.

Forex Forecast for 12-16 October 2015

First, a review of last week’s predictions:
- as expected, EUR/USD spent the week within the indicated boundaries. The bulls had a distinct advantage and, after two failed attempts on Thursday, they managed to break through the first resistance level of 1.1300 on Friday, repeating the scenario of the first ten days of September;
- the forecast for GBP/USD was fulfilled 100%. As predicted, bouncing off support around 1.5100, the pair went up, broke through the main resistance of 1.5300, spent some time around 1.5360 and Friday evening returned to 1.5300;
- the indicators insisted USD/JPY should continue its sideways trend, which happened. Apparently, the bulls and the bears got so weary of fighting that were able only to continue to draw the symmetrical triangle, which they’ve been busy with for the past 7 weeks;
- the USD/CHF pair was quite unpredictable. First, as suggested, it moved up, then turned the 0.9740 Pivot Point into resistance and entered a sideways trend, finishing the week by falling to support around 0.9590.

Forecast for the coming week.
Summing up the views of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be put forward:
- regarding EUR/USD, 67% of the analysts agree with the indicators that the pair will reach September’s high of 1.1460. Now the pair is at the upper boundary of the weekly ascending channel, and there are two possible scenarios – either the given boundary line becomes support and the pair immediately goes up, or the scenario of the first half of September is repeated and the pair rebounds to the lower boundary of the corridor (1.1300-1.1315) before continuing its upward movement. This turn of events is strongly supported by graphical analysis on H1;
- a similar pattern is expected for the GBP/USD pair. About 70% of the analysts and indicators on H4 and D1 insist the pair will rise at least to 1.5450 resistance. At the same time, graphical analysis on H1 and H4 specifies that at first, the pair may fall to support at 1.5300 (H1) and may even reach the bottom around 1.5250 at the second attempt;
- the seven-week pennant on the USD/JPY chart leaves both analysts and all the tools of technical analysis puzzled. Nonetheless, 33% of the analysts as well as indicators on H4 still have a faint hope that USD/JPY will rise to 121.20 at least. Alternatively, 33% of the analysts expect the pair to fall to around 1.1850, and the remaining third just shrug their shoulders, which doesn’t qualify as a forecast in any way;
- as for USD/CHF, 90% of the analysts believe that the pair will hold in a 0.9540-0.9750 sideways corridor. This forecast is elaborated by graphical analysis on D1 – USD/CHF should first go up to the upper boundary of the corridor, then rebound and drop to 0.9500-0.9570 for 2-3 days before abruptly rising to 0.9900. However, the latter may take place only end of October – early November.

Roman Butko, NordFX

Forex Forecast for 19-23 October 2015

First, a review of the previous week:
- the forecast for EUR/USD can be considered as fulfilled by 99%. The predictions were as follows: the pair bounces off the upper boundary of the weekly ascending channel, goes to its bottom boundary and, bouncing back up, reaches September’s high. This actually happened, although the pair didn’t quite reach the very bottom of the channel and slightly overshot the high, so the forecast lost 1% of its accuracy;
- the GBP/USD pair was predicted to first hit the bottom around 1.5250 and then to spike up at least to resistance at 1.5450, which took place. Although in this case, some adjustments were made by inertia – in its fall, GBP/USD made it to 1.5200 but then quickly returned to the indicated support level of 1.5250. The maximum also turned out to be slightly higher at 1.5500 while 1.5450 became the point the pair returned to by the end of the week;
- last week, it seemed impossible to give any forecast regarding USD/JPY as 33% of the experts voted for a rise, 33% for a sideways trend and 33% for a downward movement. The latter proved correct, though the fall was short-term and soon the pair returned to the main support of the past two months;
- the bulls’ timid attempts to push USD/CHF upwards were unsuccessful, and on Thursday, the pair reached the low around 0.9500, as predicted by the experts, and stayed there until the end of the week.

Forecast for the coming week.
Summarizing the views of several dozen analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
- regarding EUR/USD, 73% of the analysts along with graphic analysis and indicators on H1 support a further drop – first, to support at 1.1300 and then further to support at 1.1120. The Pivot Point in this case will be at 1.1200. The remaining 27% of the analysts and 85% of the indicators on D1 think that the pair will fail to break through the 1.1300 support and will go up to last week’s high. This scenario is echoed by graphical analysis on H4;
- most experts, graphical analysis and indicators on H4 and D1 believe that GBP/USD will be moving in a 1.5420-1.5500 range for some time. Further forecasts diverge: 23% of the analysts, fully supported by the indicators, insist the pair will rise to around 1.5570-1.5600. Graphical analysis differs – the pair should go down to support at 1.5350;
- according to nearly all the tools of technical analysis and 64% of the experts, the breakthrough by USD/JPY of the bottom side of the symmetrical triangle, which the pair has been drawing since the end of August, was short-lived. They reckon that the previous course will resume – USD/JPY will reach 120.80 at least, and the Pivot Point will be at 120.00 as before. However, there is an opposing view – 36% of the analysts and 76% of the indicators on D1 are confident that from now on, 119.50 will become a powerful resistance level, bouncing off which the pair will move down to support at 118.00;
- there are two possible scenarios for USD/CHF as well. First – the pair will bounce off the upper boundary of the two-week descending channel, reach its bottom boundary 0.9400-0.9420 and rise sharply, breaking through the channel and reaching resistance at 0.9580-0.9600. The indicators, graphical analysis on H4 and D1 and 45% of the experts support this forecast. According to the second scenario, the pair will go upwards as of Monday, breaking through the upper boundary of the channel. This is voted for by 55% of the analysts along with the indicators and graphical analysis on H1. At the same time, one third of the experts believe that the pair will not stop at 0.9600 but will go 100 points higher.

Roman Butko, NordFX

Forex Forecast for 26-30 October 2015

The previous forecast was fulfilled 100%:
- regarding EUR/USD, 73% of the analysts insisted that the pair would first fall to support at 1.1300 and then down to 1.1120. Until mid-Thursday, the pair barraged against the level of 1.1300 but on the news about the ECB's interest rate, it crashed to the mentioned level of 1.1120. One would think that EUR/USD might stop there, however, thanks to the National Bank of China, the pair broke through this support level on Friday and reached the landmark of 1.1000 where it had been last in the middle of August;
- the GBP/USD was almost unanimously predicted to be in a sideways trend within a 1.5420-1.5500 range for most of the week, which happened. Further forecasts differed. In this case, graphical analysis was 100% correct - the pair was supposed to go down to support at 1.5350 where it finished the week in fact;
- as for the USD/JPY pair, 64% of the experts and almost all tools of technical analysis predicted that the break through the bottom of the triangle, which the pair had been drawing since late August, would be short-lived. So it happened - by Friday the pair reached the said 120.80 resistance and then went to the next peak at 121.45, thus transforming the triangle into a horizontal channel;
- both experts and technical analysis unanimously predicted upward movement for USD/CHF, differing only on how fast it would transpire. In line with one of the versions, the pair started to go up right away on Monday, broke through the top boundary of the channel and moved to resistance at 0.9600. One third of the experts were convinced that it would not stop there but rise by 100 points more. That turned out correct - USD/CHF gained 100 points and then another 100, eventually reaching 0.9800.

The forecast for the coming week.
Summarizing the views of several dozen analysts from leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be put forward:
- the indicators clearly point downwards for EUR/USD. However, 50% of the analysts and graphical analysis suggest that the pair will be moving in a sideways corridor of 1.1000-1.1100. They are backed by another 33% of the analysts, differing only in that they drop the support line by 50 points to 1.0950. Just 17% of the analysts insist the pair would return to the 1.1300 resistance;
- around 80% of the indicators vote for a fall of GPB/USD. Half of the experts agree but say that the fall won't be major - the main support will be at 1.5200. The other 50% of the experts and graphical analysis on H4 believe that the pair has reached the bottom and will be moving in a 1.5300-1.5470 sideways channel;
- the indicators point upward for USD/JPY. Surprisingly, 100% of the experts concur and reckon that the pair won't be able to fall below support at 120.50 but will bounce off it towars 122.00;
- the outlook for USD/CHF is up. The experts, most indicators and graphical analysis on H1, H4 and D1 agree with it. Support is around 0.9740-0.9765, the Pivot Point is at 0.9800, and the next target is 0.9900. Only 14% of indicators on N1 and just 1 indicator on D1 remind that the pair may still crash by a further 100 points to support at 0.9665.

Roman Butko, NordFX

Forex Forecast for 2-6 November 2015

First, a review of last week's forecast:
- most experts and graphical analysis insisted that EUR/USD would be moving in a 1.1000-1.1100 sideways corridor. Even the US Federal Reserve's decision on interest rates could not hamper this forecast. After crashing by 160 plus points Wednesday evening, by the end of the week the pair returned to the indicated boundaries and ended the week at around 1.1000;
- about 80% of the indicators and half of the experts voted for GBP/USD to go down to support at 1.5200 at the most. The remaining 50% of the experts and graphical analysis talked about a sideways trend with resistance around 1.5470. Both forecasts turned out to be right - first, GBP/USD gradually went down to 1.5225 but then recovered and reached 1.5470 Friday night;
- for USD/JPY the experts and the indicators determined a sideways corridor with support at 120.50 and resistance at 122.00. All that happened except that the corridor shifted down by about 50 points to a 120.00-121.50 range, with 120.50 as a pivot point;
- the forecast for USD/CHF was only upward movement, and the pair did reach 0.9950. Now just 50 points separate it from the landmark 1.0000.

Forecast for the coming week.
Summarizing opinions of several dozen analysts from leading banks and broker companies as well as forecasts made on the basis of different methods of technical and graphical analysis, the following can be proposed:
- just one (!) analyst predicts that EUR/USD will rise to 1.1200. All the others (the experts, the indicators and graphical analysis) believe the pair will drop to support around 1.0800. With this, according to graphical analysis on H4, the pair will first fall to support at 1.0955, rebound to 1.1055 and only then move downwards hitting the bottom at 1.0600. It won't settle there but rather try to make it to around 1.0800;
- graphical analysis and the experts predict some fluctuations for GBP/USD within a 1.5440-1.5470 range at the beginning of the week. Then the pair should go down under bearish pressure. Graphical analysis on H4 suggests that the main support will be 1.5315 while 33% of the analysts insist that the fall will be bigger and the weekly bottom will be at 1.5250;
- indicators on H4 and D1 maintain neutrality regarding USD/JPY. As for the shorter timeframes, they predict a slight drop to 120.00, a key level for the pair for the past 11 weeks. Graphical analysis on H4 agrees with this. According to 70% of the experts, the pivot point will be 121.50 again, and generally the pattern of the previous week is expected to repeat. At the same time, a quarter of the experts believe that the pair will not give up attempts to get closer to 122.00;
- the forecast for USD/CHF is still upwards. Although the experts and indicators on H1 and H4 don't rule out that the pair may take a breather within 0.9810-0.9900, the ultimate target remains 1.0000-1.0100. As for a longer-term monthly forecast, 25% of the analysts and graphical analysis on D1 warn that on reaching 1.0000, the bulls may become weaker and the pair will roll back to 0.9500.

Roman Butko, NordFX

Forex Forecast for 9-13 November 2015

For starters, a few words about last week’s forecast:
- by the end of the week, EUR/USD was supposed to get fixed around 1.0800. Graphical analysis on H4 elaborated that at first, the pair would reach the bottom at 1.0600 and then make every effort to go up to 1.0800. This happened for the most part – EUR/USD was moving down towards the target all week long and on Friday, following the news from the USA, first dropped to 1.0700, then tried to return to the target level and finished the week at 1.0740;
- GBP/USD was predicted to experience some fluctuations within 1.5440-1.5470 at the beginning of the week, after which the pair was supposed to go down. A third of the experts set the weekly bottom at 1.5250. This scenario can be viewed as fulfilled, except for the fact that statistics from Europe and the USA, supported by ECB President Mario Draghi’s speech, gave such a boost to the bears that they pushed the pair down by yet another 200 points – to 1.5025;
- almost all agreed that the pivot point for USD/JPY would be at 121.50 again. It was also said that the pair would continue to try and reach 122.00 at least. All was going according to plan until the release of data from the USA on Friday, after which the pair not only reached the target but also speedily soared up, settling only around 123.20;
- the forecast for USD/CHF was only upward movement. The end target was set at 1.0000-1.0100, right in the middle of which the pair stopped Friday night. Thus, the forecast can be considered 100% correct straight out.

Forecast for the upcoming week.
Summing up the opinions of several dozen 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 suggested:
- while most indicators in their forecasts for EUR/USD insist on its further fall, the majority of the experts and graphical analysis on H1 tend to believe that the pair will take a breather and move in a sideways channel of 1.0650-1.0850. At the same time, 15% of the analysts reckon that the pair will manage to break through resistance at 1.0900 and even reach 1.1000;
- there’s a similar pattern for GBP/USD. Its sideways trend will be limited by support at 1.4950, resistance at 1.5220 and by a 1.5000 pivot point. Even if most experts talk about a bullish trend, 10% of them believe that the pair may briefly come down to 1.4850;
- as for USD/JPY, of the main interest are the indications of graphical analysis. According to its forecast on H1, the pair may first rise to 123.50-124.00 (50% of the experts) and then go down abruptly. Graphical analysis on H4, 60% of the analysts and the indicators on D1 predict a 121.70-122.00 pivot point and support at 121.00. As for a forecast till the end of the year, both experts and graphical analysis on D1 name 125.30 as the ultimate target;
- graphical analysis on D1 doesn’t rule out that USD/CHF will try to move up towards its 1.0210 high, where it was before Black Thursday, 15 January, and then drop down sharply. The analysts are unanimous that the pair has already reached its target for the near future and now will just be oscillating around the 1.0000 landmark. The main support will be 0.9950, the next – 0.9845. The closest resistance will be 1.0100, with the next at 1.0210.

Roman Butko, NordFX

Forex Forecast for 16-20 November 2015

First, a review of last week’s forecast:
- most experts and graphical analysis on H1 tended to believe that EUR/USD would take a breather and move in a sideways channel of 1.0650-1.0850. In fact, as predicted, the pair neither fell below 1.0675 nor rose over 1.0830;
- as for GBP/USD, most experts talked about a bullish trend and the pair’s movement within a 1.4950-1.5220 range. This forecast played out almost precisely – the pair didn’t go below 1.5025 but rose to the upper boundary of the said corridor during the week, ending up at 1.5234;
- graphical analysis on H1 and half of the experts reckoned that USD/JPY might first rise to 123.50-124.00 (it actually went up to 123.60) and then go down sharply. The forecast panned out except for the word “sharply” – the pair was falling all week and slowed down at support around 122.50;
- the analysts were unanimous that USD/CHF had already reached its target for the near future and now would just be oscillating around the 1.0000 landmark. This is exactly what happened – the pair was moving within the sideways corridor of 0.9990-1.0095 all five days.

Forecast for the upcoming week.
Summing up the opinions of several dozen 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 said:
- it appears nearly impossible to provide any sensible forecast regarding EUR/USD for the next 5 days as 46% of the experts believe that the pair will go up, 15% are for a sideways trend and 39% are for a fall. The indicators on H4 differ too – 74% vote for a rise, 22% for a fall and 4% remain neutral. The indicators on D1 are of the opposite opinion – only 9% are for a rise, another 9% are for sideways movement but 82% expect a fall. Considering that daily releases of important economic data for the eurozone, Japan and the USA or speeches by key figures (such as ECB President Mario Draghi) are expected throughout the week, the picture becomes even less clear. Therefore, what can be said is just that EUR/USD has room to both fall (to support at 1.0675 and 1.0455) and rise (with resistance at 1.0835, 1.0900 and 1.1100);
- most experts and graphical analysis on H4 predict a sideways trend for GBP/USD, with the bears holding some advantage. Thus, initially, the pair may go up a little to 1.5280, then descend to 1.5175 and then even lower to 1.5110. As for a long-term forecast, the experts believe that in the next few weeks the pair will be aiming for a strong support level around 1.4800;
- as for USD/JPY, the readings of graphical analysis are again of the greatest interest. According to its forecast on H4, the pair will first try to break through resistance at 123.00, fail and roll down, hitting the bottom at 120.50, after which it will return to the current level of 122.50. Graphical analysis on D1 agrees with this prediction, adjusting the main resistance to 123.75 and support to 121.00. The experts set 125.00 and 127.00 as the pair’s targets for the end of the year;
- the analysts expect USD/CHF to continue to oscillate in the range of 0.9900-1.0100. However, 20% of them as well as the indicators and graphical analysis on H4 and D1 don’t rule out that soon the pair will try to break into a 1.0120-1.0130 range, from where it will start to assail 1.0210.

Roman Butko, NordFX