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

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 26 - 30 June 2017

First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events. This necessarily affects the volatility of the major currency pairs, which have come close to the targets indicated by analysts, without having successfully overcome them.

- Thus, last week, the maximum range of the EUR/USD fluctuations hardly exceeded 90 points. Recall that 75% of our experts had assumed that the pair should descend to the support at 1.1100. Allowing for the standard backlash, that was what happened: the week's low was fixed at 1.1118. However, the bears' strength then dried up, and the bulls returned the pair to the same place from where it had started the five-day period;

- Regarding the GBP/USD, recall that 70% of analysts had voted for the fall of the pair, whilst technical analysis had determined 1.2580 as the local minimum. This forecast turned out to be correct, and by the middle of the week the pair had actually fallen to 1.2587. Then, just as in the case of EUR/USD, the trend reversed and the pair retreated north, returning to Pivot Point of the last two weeks in the 1.2715 zone;

- The USD/JPY. The basic forecast, supported by 90% of experts, graphical analysis and 70% of indicators, had suggested that the pair would certainly try to break through the 112.00 resistance. This is what happened in reality: at the very beginning of the week’s session, the pair rushed upwards and, flying up 100 points, quickly reached 111.77. It then rolled back a bit, after which it tried to conquer the treasured height three times. However, after all these attempts were exhausted, the pair retreated downwards by 50 points and finished the week at 111.27;

- However, the forecasts for the future of USD/CHF have not been fulfilled. The pair’s uptrend was expected to continue, which would have carried it to at least the resistance of 0.9810. However, the pair stayed in the side channel of the last five weeks - 0.9620-0.9770 - and completed the week session near its central line in the 0.9695 zone.

***
As for the forecast for the coming week, summarizing the opinions of analysts from 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, we can say the following:

- EUR/USD. As for indicators, about 90% of them look to the north on H4. But with the transition to a larger D1 time frame, the forecast changes to neutral. Moreover, almost a quarter of the oscillators already show that this pair is overbought, thereby recommends to sell. The graphical analysis on D1 and about 70% of analysts also agree with this, pointing to a possible fall of the pair first to 1.1100, and then even lower to the 1.0850-1.0960 area.
Speaking about the very near future, on Monday 26 June, the release of positive data on the US consumer market is expected, which may help strengthen the dollar. However, it may take the pair anything from one to several weeks to achieve these goals.
An alternative point of view sees the growth of the pair first to the resistance of 1.1285, and in the event of a breakthrough, even higher, bringing it to the 1.1400 region. However, in the medium term this forecast is supported by less than 10% of experts;

- As for the future of GBP/USD, here, too, most analysts are set to sell this pair. But a majority as obvious as the one for EUR/USD is nowhere to be seen: the vote is split 55% / 45%. Trend indicators and oscillators on D1 are on the side of the majority, whilst their "colleagues" on H4 as well as graphical analysis on both H4 and D1 side with the minority.
The nearest target for the bulls is 1.2815, the medium-term targets are 1.2920, 1.2975 and 1.3045. As for the bears, they will try to drop the pair first to the 1.2585-1.2630 region, before carrying it down by another ‘echelon’ to the 1.2365-1.2585 area;

- USD/JPY. The indicators on H4 are much more confident here than on D1. The former believe that the pair will once again try to take the height of 112.00, and this attempt should be crowned with success. Graphic analysis and about 60% of experts agree with this development. At the same time, graphical analysis on D1 indicates that after the pair reaches 112.15, it may roll back to 109.65-110.00;

- and the last pair of our review is the USD/CHF. If last week almost all the indicators were painted green, now many of them have changed to red, insisting that the pair will necessarily test the local minimum of 0.9610 again.
70% of experts, graphical analysis and about half of oscillators on D1 strongly disagree with this forecast. Based on the fact that the pair is oversold, they continue to insist on it moving to the upper boundary of the medium-term downtrend channel at 0.9910, which started early in 2017. The nearest resistance is 0.9810.

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.

#forex #forex_forecast #eurusd #signals_forex #binary_options
https://www.nordfx.com/

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 - 07 July 2017

To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda. It goes without saying that the week would not be complete without the statements of the head of the US Federal Reserve, Janet Yellen.

- EUR / USD. The past week clearly showed that the opinion of the majority is not necessarily correct. Recall that, even though about 90% indicators on H4 voted for the growth of the pair, this forecast was supported by only about 10% of analysts. In their opinion, the pair had to first rise to the resistance at 1.1285, and then even higher to 1.1400. This is what happened - the pair was firmly entrenched in the zone 1.1390-1.1445 by the end of the five-day period;

- As for GBP/USD, 45% of analysts voted for its growth, which was supported by indicators on H4 and graphical analysis on H4 and D1. The bulls identified 1.2815, 1.2920, 1.2975 and 1.3045 as target levels. Backed by "hawkish" statements by Mark Carney about a possible increase in interest rates on the British pound, the pair took the first three heights with ease and came close to the fourth, finishing the week at 1.3025;

- USD/JPY. Here the main forecast was that the pair would once again try attempt to take the height of 112.00, and that this attempt would prove fruitful. This forecast turned out to be 100% true: the pair not only managed to reach this height, but also exceed it by almost 100 points. It then rolled back to finish at 112.40;

- The bears (30% of all forecasters), insisted that USD/CHF should test the local minimum of 0.9610 again. And indeed, after some hesitation, the pair went southwards, mirroring the movements of EUR/USD. On Wednesday, it reached this support, broke through it and spent the rest of the week in the side channel 0.9550-0.9600.

***
As for the forecast for the coming week, summarizing the opinions of analysts from 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, we can say the following:

- EUR/USD. It should be noted that, because of a powerful breakthrough last week, the pair reached the upper boundary of the side channel it had been moving in for over two years, ever since the winter of 2015. Perhaps that is why the experts are rather confused, being divided into approximately three equal camps: 40% favor the pair’s growth, 35% support its fall, and the remaining believe in a sideways trend.
If we look at the graph of W1, we can see that the pair escaped the limits of the said channel for a short period of time on two occasions: in August 2015 and in May 2016, reaching 1.1715 in the first case, and 1.1615 in the latter. So, from the point of view of graphical analysis, there is still potential for growth of the pair. However, a whole quarter of the oscillators on D1 already signal that the pair is overbought.
Do not forget that this week we are expecting a sufficiently large amount of data on the US economy to be published, a lot of which, according to forecasts, is positive for the dollar. For example, it is expected that one of the most important indicators, NFP (the number of new jobs outside the agricultural sector) may increase from 138K to 170-180K, which will provide significant support to the bears, and they will be able to drop the pair below the level of 1.1300;

- GBP/USD. Here, as in the case of the EUR/USD, both graphical analysis and the absolute majority of trend indicators and oscillators point northwards, believing that the pair should rise to at least 1.3120-1.3180, and then, possibly, by another 200 points. However, considering that the pair is now close to a very strong support/resistance level and is also approaching the 2017 high, a rebound is certainly plausible. In this case, the targets levels would be 1.2815 and 1.2760.
As for the opinion of analysts, 55% of them expect the pair to fall within the next few days, whilst 90% believe it will fall in the medium term;

- USD/JPY. Here, 40% of experts and almost 100% of indicators voted for the growth of the pair. The resistance levels are 113.10, 113.60 and 114.35. An alternative point of view is supported by 60% of analysts and only one indicator. The nearest support levels are 111.80, 110.80 and 110.25. Another possibility, suggested by graphical analysis on H4, has the pair grow to 113.10 and then fall to 112.00;

- The last pair of our review is USD/CHF. Next week, 75% of experts and a similar proportion of indicators expect the pair to fall to the zone of 1.9465-1.9520. The remaining analysts expect the pair to rise to 0.9650. And, as in the previous case, the alternative case is proposed by graphical analysis, which suggests a back and forth dancer in the lateral channel of 0.9520-0.9650. When it comes to the more distant future, almost 80% of experts expect the pair to return to the zone of 0.9860-1.010 in August.

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 #forex #forex_forecast #forex_signals #binary_options
https://www.nordfx.com/

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 10 - 14 July 2017First, a review of last week’s forecast: - EUR/USD. As a result of a powerful breakthrough in late June, the pair reached the upper boundary of the side channel in which it has been moving for more than two years since the winter of 2015. It was this that gave reason to expect the pair to fall. Recall that this scenario was supported by 35% of experts and the quarter of the oscillators who signaled it was overbought. The level 1.1300 was named as the local minimum, and the pair reached it on Wednesday (1.1312). Having fulfilled this task ahead of schedule, it returned to the upper border of the channel and finished the week near 1.1400; - As for GBP/USD, having approached the high of 2017, it reached critical values in late June, just like to EUR/USD. That is why 55% of analysts voted for its decline, identifying the support at 1.2815 as the target. As early as Monday the trend indeed made a reversal downwards, but the low point, which the pair managed to reach by Friday, was 50 points higher at 1.2865; - USD/JPY. Here, 40% of experts and almost 100% of indicators voted for the growth of the pair. The level 114.35 was named as the top point. This forecast came true by 100%, and the pair climbed more than 200 points by the end of the week’s session, reaching 114.20; - The most accurate forecast for USD/CHF was given by graphical analysis, which traced its back and forth motion in the lateral channel 0.9520-0.9650. That's exactly what happened: at first the pair rose to the upper border of the channel. Then, the bulls attempted to break it, but their strength was exhausted at 0.9685 and the pair turned southwards, ending the week near the strong support / resistance zone at 0.9635. ***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. This time, both experts and technical analysis voted overwhelmingly for the growth of the pair. 70% of analysts, graphical analysis on H4 and almost 100% of indicators agree with this scenario. In their opinion, the pair will try to break through the horizon 1.1500 and, if this attempt proves successful, rush even higher to the 2016 high at 1.1620.The alternative forecast can hardly be called alternative, since it's not about the fall of the pair, but about its lateral movement within the boundaries of 1.1300-1.1445. The remaining 30% of experts, graphical analysis on D1 and only one oscillator, indicating that the pair is slightly overbought, agree with this.It should also be noted that, despite the positive mood for the coming days, the medium-term outlook for the pair remains negative. It is supported by almost 70% of analysts. In addition, we should pay attention to the speech of the head of the Fed, Janet Yellen on Thursday, July 13, and data on the US consumer market, which are expected to be published on Friday July 14.- GBP/USD. Here, unlike the case of EUR/USD, the indicators are divided almost equally. However, both trend indicators and oscillators on D1 show a slight bullish advantage. 65% of analysts also look northwards, supported by graphical analysis. They all point to the level of 1.3050 as a target. The next resistance is 50 points higher at 1.3100. Only 35% of experts side with the bears. However, if we talk about the forecast for the second half of the summer, almost 70% of these experts think that the pair should return to the zone of 1.2500;- USD/JPY. Recall that the pair has been trying to reach the May maximum at level 1.1435 for more than a month now. And it is possible that this week it will once again attempt to rise to said level and even go beyond it to 1.1500. 60% of experts and most of the indicators agree with this scenario.The remaining part of the analysts, as well as graphical analysis on H4, believe that the forces of the bulls have already dried up, and the pair is expected to sharply descend to the zone of 111.00-111.75. A third of the oscillators supports this scenario, signaling the pair is overbought.As for the medium-term perspective, more than 80% of experts expect a fall; - the last pair of our review is USD/CHF. Here, the opinion of analysts is also radically changing when moving from the weekly forecast to the medium-term forecast. For the next week, 100% (!) of experts speak about the descent of the pair to 0.9520-0.9560. However, once that happens, 60% of them maintain that the pair should rise above the horizon of 0.9800.A slightly different scenario is offered by graphical analysis on D1: it suggests an initial growth of the pair to 0.9735, and then its fall into the 0.9480-0.9520 zone. Roman Butko, NordFXNotice: 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, # forex, # forex_forecast, #forex signals, # binary_optionshttps://www.nordfx.com/

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 - 21 July 2017To begin with, a few words about the forecast for the previous week, which ended up being almost 100% correct for EUR/USD, GBP/USD and USD/JPY. - Recall that the overwhelming majority (70%) of experts and almost 100% of indicators voted for the growth of the EUR/USD. 1.1500 was named the main target. As for the remaining analysts, they thought lateral movement would dominate last week.The pair worked on both scenarios. First, as predicted, leaning on the support of 1.1380, it rushed up and reached the height of 1.1490 on Wednesday. Then it rolled back to the support zone, turned around and rushed up again, finishing the five-day period in the zone of 1.1470; - As for GBP/USD, the odds here, as in the case of the EUR/USD, were on the bulls' side. 65% of analysts, graphical analysis, as well as most indicators on D1, had voted for the movement of the pair to the north. In their opinion, the pair was supposed first to rise to the resistance at 1.3050, and then to the height of 1.3100, which was recorded at the very end of the weekly trading session; - USD/JPY. The pair has been striving north for more than a month, trying to reach the May high at 1.1435. Most experts believed that last week it would manage to do it. At the same time, a third of the indicators signaled that the bulls' strength had already dried up, and this gave grounds to talk about an imminent fall of the pair.That's exactly what happened: having hardly reached 1.1450, the pair immediately turned and sharply collapsed, groping the local bottom at 112.25 on Friday; - The most accurate forecast for USD/CHF was given by graphical analysis, which was drawing a back-and-forth movement in the side channel for the second week in a row. However, the range of oscillations of the pair turned out to be narrower than expected (0.9520-0.9735), and it stayed within 0.9600-0.9700.***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. Almost 100% of indicators believe that the upward trend of the pair will continue. And as for the experts, only 55% of them are bullish. This is because the pair has reached the upper boundary of its long-term lateral channel, where it has been moving since January 2015. The W1 chart clearly shows that if the pair breaks through the 1.1500 level, its next target will be the 2016 high: 1.1615.An alternative scenario involves the pair being pulled downwards. In this case, 1.1380 and 1.1300 will be support levels. 45% of analysts and graphical analysis on D1 agree with this version.In the coming week, we expect the publication of data on euro area consumer market on Monday, July 17 and the ECB's decision on the interest rate on Thursday, July 20. However, these events will likely not have a strong impact on the EUR/USD exchange rate.As for the medium-term outlook, it remains negative, and 75% of analysts expect the pair to fall to 1.1100-1.1200 during the summer;- GBP/USD. Graphical analysis on H4, 100% of trend indicators, 2/3 oscillators and only 1/3 of analysts believe that the pair still has enough strength to rise to 1.3150 or even 1.3200. On the other hand, an overwhelming majority of experts, supported by one third of oscillators, are confident that the upward impulse of the pair has dried up: judging by this view, the pair can now be expected to decline first to 1.3000, and then 175-200 points lower. After that, according to the readings of graphical analysis on D1, the pair will move in the lateral channel 1.2800-1.3025 for a month; - If, speaking of the future of USD/JPY, most of the indicators on H4 look to the south, their eyes turn westwards on D1. In other words, they have taken a neutral position. But almost 70% of experts are sure that the pair will try to re-test the level of 114.50 and, in case of its breakthrough, will rush to this February high at the height of 115.50.As for the small umber of supporters of the pair's decline, they think it can drop to the zone of 110.50-111.00.The decision of the Bank of Japan on interest rates, which will be published on July 20, is unlikely to surprise the financial markets, and they are likely to react to it quite calmly; - and the last pair of our review is USD/CHF. In this case, indicators do not provide any clear forecast. However, most analysts (85%) still expect the pair to fall at least to the zone of 0.9500-0.9550. A slightly different scenario is offered by graphical analysis on D1: an initial growth of the pair to the resistance of 0.9700-0.9725, and only then its fall into the designated zone. Roman Butko, NordFXNotice: 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, # forex, # forex_forecast, #forex signals, # binary_optionshttps://www.nordfx.com/

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 24 - 28 July 2017

First, a review of last week’s forecast:

- The main view on EUR/USD was that it would break through1.1500 and grow to the 2016 high at 1.1615. The next target would then be the maximum of August 2015: 1.1715. The main impetus for the pair's upswing was given by the head of the ECB Mario Draghi, who said on Thursday that the euro zone stimulus program (QE) will not end and will remain unchanged. Against the background of these comments, the euro's exchange rate against the dollar jumped by 0.5%, and the pair reached the height of 1.1680 by the end of the week session;

- As for GBP/USD, the forecast ended up being 100%. Accurate. Recall that the vast majority of experts, supported by one third of oscillators, were confident that the upward impulse of the pair had dried up, and it was expected to decline first to 1.3000, and then even lower. As a result, the pair dropped to 1.2930, then rebounded and finished the week at the level of 1.2994;

- USD/JPY. Indicators on H4 and only one third of analysts spoke about the fall of this pair last week. But it was them who turned out to be right, having predicted its decline to the level of 111.00, which became the week’s minimum.

- Predicting the future of USD/CHF, the majority of analysts (85%) insisted on it falling to at least 0.9500-0.9550, and possibly even lower. The pair obediently did so, having lost 190 points in a week and started touching a local bottom at 0.9437.

***
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. After an impressive upwards spurt last week, the future of this pair now looks quite ambiguous. 55% of experts, 100% of trend indicators and graphical analysis indicate the uptrend will continue. The August 2015 maximum - 1.1715 - is named as the nearest resistance, the next target is 100 points higher.
An alternative point of view is represented by 45% of experts and more than a third of oscillators on H4 and D1, indicating the pair is overbought. In their opinion, the pair should return to 1.1480-1.1580. The following events can also contribute to the strengthening of the dollar: on July 26, the Fed will provide commentary on a possible increase in interest rates before the end of the year, and on July 28 we will see the publication of annual data on US GDP;

- GBP/USD. If we try to bring together the opinions of experts and technical analysis, we can talk about the prevalence of bullish sentiment and the movement of this pair in the 1.2950-1.3120 channel. In figures, it looks like this: 50% of analysts are for the growth of the pair, the other 50% are for its fall. Trend indicators: 70% look to the north, 30% to the south. Oscillators: one third is colored red, one third is green, and the rest are neutral. As for graphical analysis, on D1 it says that, starting from the support at 1.2950, ​​the pair will try to gain a foothold above the level of 1.3100 and, if successful, rush to the resistance at 1.3280. Otherwise, it is expected to return to around 1.2950;

- The medium-term outlook for USD/JPY indicates that it should return to the height of 114.50. But it's too early to talk about the reversal of the trend, and the pair will continue to descend in the coming week. 65% of analysts agree with this point of view, as well as about 80% of indicators. At the same time, a quarter of the oscillators are already signaling that the pair is oversold. The main support levels are 110.85, 110.25 and 109.00;

- The last pair of our review is USD/CHF. 100% of experts, 100% of trend indicators, 75% of oscillators and graphical analysis on H4 and D1 expect the continuation of the downtrend and fall of the pair first to 0.9400, and then 100 points lower. However, one should bear in mind that, as in the case of USD/JPY, a quarter of the oscillators already indicate the pair is oversold, so it is impossible to exclude the correction to the north. The nearest resistance is at the level of 0.9525, the next one is 0.9560.

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, # forex, # forex_forecast, #forex signals, # binary_options
https://nordfx.com/

Forex forecast for EURUSD, GBPUSD, USDJPY and USDCHF for July 31 - August 4, 2017

First, a review of last week’s forecast:

- EUR/USD. The upward trend of the pair, which began on New Year's Eve 2017 and which marks a steady fall in the US dollar, was continued last week. Thanks to growing GDP, the US currency had a chance, at least temporarily, to change the situation. However, the growth of the German consumer market turned out to be more impressive, and the pair went up by 100 points, ending the five-day period at 1.1750. Thus, our basic forecast, supported by 55% of experts, graphical analysis and 100% of trend indicators, was justified;
- The US dollar was also falling against the British currency. Our forecast for the GBP/USD spoke of the predominance of bullish sentiment and the desire of the pair to gain a foothold above the level of 1.3100. 1.3120 was identified as a local target and the pair completed the weekly session just above it;

- USD/JPY. Most analysts (65%) and about 80% of the indicators said that the pair would continue to move down. However, what happened, can hardly be called a proper fall: it fell by only 40 points as the result of the week. And, before that, in the first half of the week the pair managed to rise by 120 points, due to which the question of overselling, which was signaled by the oscillators, was closed;

- Practice shows that the USD/CHF rate very often mirrors the movement of the EUR/USD. Last week, though, the opposite happened. At a time when the dollar was falling against other major currencies, it rose sharply (by more than 250 points) against the Swiss franc. The reason was the stop orders issued by major Japanese traders and investment banks, which made the pair return to a strong medium-term support/resistance level in the 0.9700 area;

***
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. Last week, the pair exceeded the August 2015 maximum,1.1715, and rushed to the next target: the highest point of all 2015,1.1870. 60% of experts agree that it will be able to reach it in the near future. The rest believe that the pair is facing a downwards correction: first to 1.1615, and then to the support line of the upward four-month channel near 1.1570. Apart from the experts, graphical analysis on H4 and D1 and a quarter of oscillators agree with such a development of events, with the latter signaling that the pair is overbought.
It should be noted that 80% of experts believe the pair will fall to ​​1.1112-1.1300 in the medium term;

- GBP/USD. About 70% of analysts, supported by 100% of trend indicators and the vast majority of oscillators, believe that the upward momentum for this pair has not yet dried up, and it will strive to reach the upper limit of last year's summer corridor at 1.3370. The nearest resistance in the zone is 1.3200-1.3225. Support is at the level of 1.3050.
The remaining 30% of experts, supported by graphical analysis on H4 and D1 and just one oscillator, believe that the pair will not be able to rise above the 1.3160 ​​horizon, and will return first to support 1.3050, and then, possibly, drop another 50 points.
The medium-term forecast for the pair remains the same – southwards movement to 1.2700-1.2800. 75% of analysts agree with this development of events;

- 65% of experts expect that USD/JPY should still break through the support of 110.60 and fall into the 109.00-110.60 range. However, 20% of the oscillators once again signal that the pair is oversold, and, together with 35% of analysts, talk about a possible return to 112.20. The next resistance is 112.85, then 113.55;

- USD/CHF. After an impressive upwards spurt last week, the opinions of experts are divided almost evenly: 5% side with bears, 45% are on the side of bulls. As for indicators, naturally, the vast majority of them are colored green. However, even here 20% of the oscillators are in the oversold zone. Graphical analysis offers a compromise option at D1: first a decline to the zone of 0.9550, and then growth to 0.9700, and finally 0.9770.

- Summarizing the weekly review, it is worth recalling that the upcoming week will be filled with many events that traditionally attract the attention of currency traders. The beginning of the week from Monday to Wednesday will be devoted, mainly, to the data from the Eurozone. Thursday, 3^rd August will be marked by a meeting of the Bank of England, and here the distribution of votes regarding interest rate changes will be of great interest. Recall that the number of supporters of rate increases is growing, and therefore certain surprises cannot be ruled out. And finally, at the very end of the week - on Friday, 4 August - US employment data (NFP) will be published, and judging by the forecasts (187K compared to 222K in June), they could apply negative pressure to the dollar.

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, # forex, # forex_forecast, #forex signals, # binary_options
https://nordfx.com/

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 7 - 11, 2017

First, a review of last week’s forecast:

- 60% of experts called the 2015 maximum at the height of 1.1870 as the nearest target for EUR/USD, the pair reached it on Wednesday. As for a longer-term forecast, 80% of specialists expected the trend to reverse to the south and the pair to start falling. That is what happened on Friday, thanks to the positive data from the US labor market. The NFP indicator rose to 209K instead of the expected 187K, and the unemployment rate fell to 4.3% in July. Taking advantage of this occasion, the bears could drop the pair by 150 points, and it returned to the values ​​of the beginning of the week;

- The dollar strengthened its position to a certain extent in relation to the British currency as well. At the beginning of the week, as predicted by 70% of analysts and the clear majority of indicators, the pair showed growth, having reached the height of 1.3265. But then, thanks to the Bank of England and the data from the United States that we already mentioned, the dollar gained nearly 250 points from the British pound, returning to the medium-term support/resistance level in the zone of 1.3030;

- The basic forecast for the USD/JPY claimed that the pair should finally break through the horizon of 110.60 and go one level below. This forecast came true by 100%, and the level of 110.60 turned from support into Pivot Point of the past two weeks;

- USD/CHF. Recall that, after an impressive breakthrough of this pair up, the opinions of experts were divided almost equally - 55% sided with bears, 45% were on the side of bulls. As for graphical analysis, it was it that, having suggested a compromise option - first the pair's decline, and then its growth to the height of 0.9770, - was the closest thing to reality - having declined to 0.9630, the pair reversed and, having overcome resistance 0.9700, reached the height of 0.9763 on Friday.

***
As for the forecast for the coming week, summarizing the opinions of analysts from 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, we can say the following:

- EUR/USD. After the fall of the pair last Friday, about half of oscillators and trend indicators on H4 turned red, but the green still dominates on D1, strongly recommending to buy. 75% of experts are thinking of the pair's growth, calling the zone 1.1900-1.2000 as the target. Another 15% of analysts speak of a sideways trend, and only 10% of them turn their eyes to the south. Graphical analysis on H4 and D1 shows solidarity with this bearish minority as well. The support levels in this case are 1.1670, 1.1400 and 1.1200;

- GBP/USD. The overwhelming majority of analysts (75%) with the support of graphical analysis and indicators on D1, speak about the sideways movement of the pair within the limits of the previous week - from 1.3000 to 1.3270. A third of the oscillators on H4 agree with this scenario, signaling the pair is oversold. As for the remaining indicators, they side with those 25% of experts who expect the continuation of the downtrend, believing that the pair will first fall to support 1.2950, ​​and then even lower - to the horizon 1.2810;

- the D1 chart clearly shows that the USD/JPY is once again descending from the upper border of the mid-term side corridor (114.50) to its lower border in the zone 108.10-108.80. And to reach it, the pair must go about 200 points to the south. That is why almost 80% of experts side with the bears. The remaining 20% ​​of analysts, with the support of graphical analysis on H4, do not exclude a correction upwards, as a result of which the pair can rise to the zone of 111.30-111.75;

- Bearish sentiment prevails in the forecasts for USD/CHF as well. 65% of experts, supported by graphical analysis on D1 and a quarter of oscillators, expect the pair to fall to the level of 0.9600, and then another 100 points lower. An alternative point of view is represented by 35% of analysts and the overwhelming majority of indicators, according to which the pair will be able to gain a foothold above the 0.9765 mark, then rush to resistance 0.9900.

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, # forex, # forex_forecast, #forex signals, # binary_options
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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 14 - 18, 2017

First, a review of last week’s forecast:

- EUR/USD. It was not possible to have a more or less homogeneous forecast for this pair in the previous week. Whilst most experts looked to the north, graphical analysis unambiguously pointed to the south, naming 1.1670 as the nearest support level. Opinions of indicators were also divided: about half of the oscillators and trend indicators on H4 turned red, but on D1, the green continued to dominate. Thus, this discord was justified: at the beginning of the week, the pair grew a little, then it fell, reaching the local bottom at 1.1688, and went up again to the Pivot Point of the last two weeks in the 1.1820-1.1840 zone;

- GBP/USD. The overwhelming majority of analysts (75%), supported by graphical analysis and indicators on D1, spoke about the sideways movement of the pair. Indeed, the pair stayed in a horizontal trend for the whole week, although not exactly in the range where they had expected, the actual range being one level below. Just such a fall constituted what had been predicted by the remaining 25% of experts: the pair first descended to the horizon 1.2950 and only then moved to the east;

- The main forecast for USD/JPY claimed that the pair should go southwards about 200 points and reach the lower boundary of the mid-term side corridor in the 108.10-108.80 zone. This forecast turned out to be 100% true, and the pair, having descended exactly 200 points, fixed the week minimum at the level of 108.73;

- The forecast for USD/CHF also fully came true. Recall that 35% of analysts and the vast majority of indicators indicated that the pair would attempt to gain a foothold above the level of 0.9765. On Tuesday, the pair broke through this resistance, after which it fell, just as most experts had predicted, reaching support at 0.9600 by the end of the week's session.

***
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. Like last week, the views of the majority of experts (65%) are turned to the north. Supported by graphical analysis and 80% of indicators, they expect the pair to grow to 1.1900-1.2000. Only 35% of analysts expect the pair to fall. However, graphical analysis and a number of oscillators on D1 already side with them, they expect the pair to fall to the level of 1.1685, and then 100 points lower;

- GBP/USD. If you combine the opinions of analysts and technical analysis, you can still talk about a sideways trend here. The opinions of experts were divided 45% to 55% in favor of growth. Trend indicators on H4 are weighed at 60% in favour of growth, whilst on D1, they are strictly neutral. Oscillators on H4 are divided as follows: 50% suggest purchasing, 20% suggest selling, 30% are neutral; on D1, as many as 70% recommend selling. As for graphical analysis, on D1, it shows a side channel in the range 1.2890-1.3125.
In the medium term, the picture is somewhat different: here over 65% of experts vote for the fall of the pair to the zone of 1.2590-1.2810;

- USD/JPY. Here, the vast majority of experts (85%) expect that the pair will continue its decline, aiming to reach the low of April 2017 at 108.12, after which it is expected to rebound to the horizon of 110.00. Bearish sentiment is also supported by 100% of the trend indicators. However, a quarter of oscillators on H4 and D1 give signals that the pair is oversold. Also, 15% of analysts and graphical analysis on H4 do not exclude a possible correction.
If we talk about the medium-term analysis, 70% of experts here expect the pair to return to the upper border (114.50) of the side corridor, in which the pair is moving starting from this winter;

- The last pair of our review is USD/CHF. Here, bearish sentiment dominates. 60% of experts, supported by graphical analysis and the overwhelming majority of indicators, expect the pair to fall to the zone of 0.9500-0.9550. As for the alternative point of view, which is expressed by the remaining 40% of analysts, the pair is expected to rise to the resistance at 0.9700, and, in case of its breakdown, by another 70 points. The 10% of oscillators who are giving signals that this pair is oversold can be considered bull supporters.

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, # forex, # forex_forecast, #forex signals, # binary_options
https://nordfx.com/

NordFX Clients Get the Opportunity to Trade CryptoCurrenciesDear Clients! We are glad to offer you one more opportunity to make profit in the financial markets. The list of trading instruments that we offer has been enriched with three cryptocurrency pairs, BTCUSD, LTCUSD and ETHUSD, which are traded at the special CRYPTO account.Even though such an instrument as virtual digital currencies has appeared quite recently, it is rapidly gaining popularity among traders. This is due, in the first place, to their unusually high volatility and, as a result, the potential profitability of transactions. Suffice to say that eight years ago, 1 Bitcoin was quoted at $ 0.001, and in August 2017, it exceeded $ 4000. In this respect, it has been decided to expand the line of trading accounts, adding a new CRYPTO account, which allows to carry out transactions on the MetaTrader 4 platform with three best-known cryptocurrencies, Bitcoin (BTC), Litecoin (LTC) and ETHERIUM (ETH).You can see the trading terms on the account page https://nordfx.com/trading_account_crypto.html. Although they are some of the most competitive in the market, we strongly advise our clients to carefully study specific features of the trade in cryptocurrency pairs, and in case you use expert advisers, to test and configure them thoroughly.

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for August 28 - September 1, 2017First, a review of last week’s forecast: thanks to this forecast, traders who took into account the main recommendations of experts and technical analysis, could receive a significant profit. So: - EUR/USD. The basic forecast, which was sounded by the majority of experts (60%) with the support of technical analysis, spoke about the growth of this pair. And it did go north, starting from Monday. Although at first this movement was not very strong and confident, on Friday, August 28, the pair shot up sharply, reaching the height of 1.1940, supported by the speech of the Federal Reserve Head, Janet Yellen, it finished the week at the height of 1.1921 - near the central level of resistance, indicated by analysts;- Speaking about the behavior of the pair GBP/USD, the majority of experts, supported by the absolute majority of indicators (80%), as well as graphical analysis on D1, voted for its fall to the level of 1.2760. After that, the pair should have changed the trend to an ascending one. This forecast came true by all 100%. By Thursday, the pair had fallen to the level of 1.2772, then it turned and on Friday returned to the values of the beginning of the week;- As for the USD/JPY, it was expected that the pair would stay in the sideways trend for a while, making fluctuations in the range of 108.80-110.30. With a slight adjustment, this forecast can also be considered absolutely true - the pair spent the whole week moving to the east in the channel 108.63-109.82;- The analysts didn't make mistakes predicting the behavior of the pair USD/CHF either. Its fall to the level of 0.9500 was expected by 60% of experts and the overwhelming majority (about 85%) of trend indicators and oscillators. As a result, the local bottom was fixed at 0.9550. And although this horizon was 50 points higher than expected, all those traders who took into account this forecast benefited for sure, as the pair's fall for the week was about 100 points.***As for the forecast for the coming week, summarizing the opinions of analysts from 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, we can say the following:- EUR/USD. Although a quarter of the oscillators on H4 and D1 are already signaling that the pair is overbought, the bulk of them, supported by 100% of trend indicators and 40% of experts, still insists on continuation of the uptrend. The nearest target in this case is 1.2040, the next one is 100 points higher. As for the bears' supporters, who are the majority among the analysts (60%), they, just like the graphical analysis on D1, expect a correction of the pair. The main support is 1.1780, the next one is 1.1740, and in case of a breakdown, it is 1.1680; - Speaking of the future of the GBP/USD, about 35% of analysts are determined to buy this pair, 45% are for sale and 20% remain neutral. A similar discord is observed in the indicators as well. Out of the trend ones on H4, 70% are looking to the north, 30% to the south; on D1, the situation is exactly the opposite. Oscillators show the same picture: on H4, 75% are colored green, 25% indicate the pair is overbought, and on D1 90% of the indicators are colored red.In such a situation, it makes sense to pay attention to the graphical analysis. Both on H4 and D1, its forecasts converge and speak first about the growth of the pair to the area of 1.3000, and then about the reversal of the trend and the fall of the pair first to the level of 1.2810, and in case of a breakdown, to support 1.2750 or another 100 points lower;- As for USD/JPY, most analysts (70%) still expect the pair to fall to the April 2017 low (108.12). Approximately 90% of the indicators agree with this scenario. The resistance levels are 109.85, 110.60 and 111.00, the support zone is 108.60-108.75; - The last pair of our review is USD/CHF. It is clear that most of the indicators here look to the south, but already about 20% of the oscillators on H4 and D1 signal that this pair is oversold. 70% of experts and graphical analysis on D1 also speak about its possible growth. The targets are 0.9615, 0.9700 and 0.9765. The support levels are 1.1685, 1.1600 and 1.1475.- And in conclusion, here are some words about the major events that can seriously affect the indications of technical analysis. Thus, on Wednesday August 30, data on inflation in the UK and the US GDP will be released. Thursday will bring news on unemployment in Germany and the state of the consumer market of the Eurozone, in general. As for September 1, as it happens on the first Friday of each month, the market is expecting the US unemployment data. Roman Butko, NordFXNotice: 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, # forex, # forex_forecast, #forex signals, # binary_optionshttps://nordfx.com/