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

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NordFX Expands Its Range of Account Types

NordFX is pleased to announce the introduction of a new account type – Account 1:1000.

Credit leverage up to 1:1000 allows you to get a larger trading capital, even with a small deposit, and thus increase your potential profits. In Accounts 1:1000 you’ll find flexible and advantageous trading conditions:

· Market execution
· Minimum deposit $5
· 20 currency pairs
· Fixed spreads from 3 pips
· Minimal lot 0.01
· Maximum lot 20, step 0.01
· Automated trading is allowed

NordFX always puts a priority on expanding the range of its services on the Forex market and providing its clients with new opportunities to secure profits. Open an Account 1:1000 with NordFX and maximize your gains!

Generalizing in a table the opinions of 35 analysts from world top banks and broker companies and forecasts based on various methods of technical and graphical analysis, it can be concluded that… Christmas is round the corner, and so the main currency pairs are likely to stay in a lulling sideways trend before the holidays (unless, of course, something extraordinary happens):
- the EUR/USD pair will oscillate around 1.2270-1.2280, most likely gravitating downwards in an effort to break through the level of 1.2200;
- the same can be said about the GBP/USD pair, whose target will be 1.5530;
- USD/JPY will most probably try to reach the height of 120.00 after all, although in the first half of the week it may fall to 118.50 and even to 117.50;
- finally, USD/CHF will, with high probability, remain in a sideways trend, moving along the level of 0.9800.


As for last week’s forecast, it appears to have come true practically 100%:
- the EUR/USD pair completely followed the predicted trends – first it rose, breaking through the level of 1.2500, and then crashed downwards – first to 1.2375 and then even further down, finishing the week at 1.2225;
- the forecast for GBP/USD also turned out to be correct – the pair continued its sideways movement in the range, the boundaries of which had already been set in November;
- similarly, the behavior of the USD/JPY pair was fully predictable – completing the rebound, it shot upwards, although it didn’t quite reach the set target of 120.65 and finished the week at 119.53;
- finally, the USD/CHF pair’s movements were also quite foreseeable – pushing off from the support level of 0.9575, it made a powerful surge upwards, breaking through the level of 0.9800.


Roman Butko, NordFX

Please review the schedule of trading sessions for the Christmas and New Year holidays below.
From 00:00 24.12.2014 to Monday’s opening 05.01.2015, margin call and stop out levels will be increased up to 100% for “Micro,” “Account 1:1000,”“Standard,” “Welcome!” and “ZuluTrade” accounts. In the absence of stable market liquidity, NordFX reserves the right to increase the spreads for the financial instruments on the quotation lists of “Micro”, “Account 1:1000” and “Welcome!” accounts, or to stop quoting on specific currency pairs (for any type of account) until the market situation is back to normal.

We’d like to remind you that low liquidity and unpredictable market movements characterize the holiday period. Therefore, NordFX recommends providing sufficient margin for positions that may remain open during the holidays, to prevent automatic liquidation of positions at an undesirable price.

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 and graphical analysis, the following can be said:
- despite most indicators showing a further fall of the EUR/USD and GBP/USD pairs, analysts are inclined towards a more probable sideways trend with a rebound upwards at the beginning of the week. Certain key indicators also point towards overselling and strong volatility;
- there’s rare unanimity regarding the USD/JPY pair – upwards and only upwards to the height of 121.00 and even further up;
- the USD/CHF pair is very likely to try and secure its position above the key mark of 1.0000, while strong fluctuations are not expected.

It is said that New Year is a time of surprises. It turns out that it’s not only Santa Claus who brings them but also… Forex. As for last week’s forecast:
- at the start of the week, EUR/USD tried to follow our forecast and, having risen slightly, it began a smooth descent. Then at midnight from 1^st to 2^nd January, the pair shot off like a high-board diver, demonstrating a spectacular price gap of 50 points, and then continued its rapid decline slowing down only at 1.2000;
- even more impressive was the fall of the British Pound – the GBP/USD pair tumbled downwards by 300 points altogether;
- in spite of a gap, USD/JPY confirmed our forecast almost 100% – first it fell to the level of 118.850 and then went upwards, reaching the height of 120.00 as expected;
- as for USD/CHF, it was sure to reach the symbolic mark of 1.0000 at some point but very few thought it would happen so soon. Indeed, New Year is a time of surprises!

Roman Butko, NordFX

Generalizing 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, it becomes clear that there is no sufficient certainty about any of the pairs:
- for instance, almost a third of the analysts forecast growth for EUR/USD. The indicators show 50/50 chances for the upcoming days, though all of them predict a further fall for the pair later on. Thus, it is quite possible that at the start of the week EUR/USD will still rise to 1.9000, after which it will continue its main trend downwards – to 1.1750 and then further to 1.1650;
- the British Pound may copy the euro – first a rise followed by a drop. At the same time, some analysts believe that GBP/USD, being under bearish pressure, will still remain in the sideways trend;
- everyone expects USD/JPY to return to the range of 120.00-121.00 while the medium-term target is indicated as 121.75;
- the forecast for the USD/CHF pair remains the same as for the previous week – sideways movement along the level of 1.0000.

As for last week’s forecast, New Year’s surprises didn’t finish with the overnight gap of 1-2 January. The scenario was replayed 5 days later, pleasing the bears with another gap, and EUR/USD and GBP/USD continued their rapid fall. As a result, the euro went down to the low of summer 2010, and now the next target is 10-year June mark.

The dollar got stronger against the yen as well. The USD/JPY pair could not reach 121.00 and rolled back down to the level of the middle of December 2014.

Finally, as predicted, USD/CHF got fixed above the key mark of 1.0000 and finished Friday at 1.0140.

Roman Butko, NordFX

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After summing up the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, it’s become clear that many experts are at a loss, and the graphical analysis provides contradictory readings. However:
- EUR/USD is an exception. The overwhelming assessment of its future is that the pair will continue to fall to the level of 1.1400 and in case of breaking it even further to 1.1200. After that, EUR/USD may actually bounce up to 1.1785-1.800;
- despite bearish pressure, GBP/USD will stay in the sideways trend. The most probable fluctuation range is 1.5020-1.5250;
- USD/JPY is also in the sideways trend under bearish pressure. It’s predicted to go down to 115.20-116.00, with a possible rise just to 118.75. The graphical analysis shows that by the end of this week or next week the pair may return to an upward trend moving to the previous target of 121.75;
- it is difficult to make any forecast for USD/CHF at this time – the market is at a loss, although for the most part the pair is expected to go down.

As for last week’s forecast, the New Year's surprises were not limited to the two gaps of early January. Last Thursday the Bank of Switzerland played Santa Claus (albeit belatedly) and as a ‘gift’ suddenly removed the bottom trade boundary for USD/CHF. Even analysts from the largest banks did not expect this at all. As a result, all the predictions for USD/CHF made before 15 January become invalid.

This milestone event could not but affect other currencies. For example, the forecast for EUR/USD was that it would fall to 1.1650 by the end of the week. In fact, another 200 points have to be added to this, thanks to the Bank of Switzerland. As a result, on Friday the pair crashed below the level of 1.1460.

The GBP/USD pair, however, demonstrated impressive resistance to stress. We predicted a sideways trend for it, which was confirmed 100%. The pair finished trading at the same level as at the beginning of the week.

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 and graphical analysis, the following can be expected:
- before returning to its main trend and continuing towards 1.1100, EUR/USD may go up to the level of 1.1380-1.1460;
- GBP/USD, also under bearish pressure overall, may at first rise to 1.5065 and then continue its fall to 1.4900;
- USD/JPY is expected to mirror the movements of its counterparts – after a fall it will rebound from 113.50 and rush up to its nearest target of 119.00;
- after surviving the recent shock, USD/CHF can be expected to continue its sideways trend with a rise to 0.8910-0.9000 and then a decrease to 0.8350.

As for the last week’s forecast:
- ECB President Mario Draghi met our expectations and helped our forecast for EUR/USD to fulfil to the tee. After his speech, the Euro swiftly broke through 1.1400 and, as was predicted, finished the week near 1.1200;
- following the Euro, GBP/USD succumbed to Mr. Draghi’s charms which resulted in the level of 1.5020, predicted to be the lower boundary, reversing direction and becoming the upper boundary of the corridor;
- the forecast for USD/JPY was confirmed 100% – the pair was in a sideways trend, then reached the predicted mark of 118.75 and returned to 117.70, the level of the beginning of the week;
- it turns out that no prediction can also be a prediction, which was backed up by the USD/CHF pair. Along with the analysts, we refused to make any suggestions regarding its fluctuations last week. Apparently, in sync with our doubts, the pair decided not to leave the rigid boundaries of its sideways trend throughout the whole week.

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 and graphical analysis, the following can be expected:
- EUR/USD will continue its downward tendency to the 1.1100 mark, although the opinions of analysts were divided almost equally: a third predict growth for the pair, a third – its fall and a third – a sideways trend;
- the situation with GBP/USD is similar while bearish tendencies look more convincing in this case;
- there is no consensus about the USD/JPY pair this week either among analysts or among indicators, something that happens very rarely. Here the choice is between a sideways movement and the pair’s long-time tendency towards the range of 119.00-121.00, which it is very likely to reach after all;
- both analysts and indicators predict USD/CHF to return to the level of last autumn, with strong volatility too, intraday fluctuations reaching 150 and even 200 points.


As for the last week’s forecast:
- we predicted EUR/USD to fall to 1.1100 and possibly go up to 1.1380-1.1460. It did happen, just in the reverse order – first the pair slipped down to the 1.1094 mark, rebounded to 1.1420, then calmed down and entered a sideways trend with the upper boundary of 1.1380;
- as predicted for the start of the week, GBP/USD rebounded upwards and way more than expected. As a result, another attempt by the pair to fall to the low of 1.4900 failed and the pair was thrown off to the level of the beginning of the week – 1.4986;
- as anticipated, the USD/JPY pair tried to reach its nearest target of 119.00 but weakened at the level of 118.66, took a break and entered a sideways trend;
- USD/CHF was set on partially winning back its Black Thursday losses – it rushed upwards and quickly achieved the predicted level of 0.9000, stayed there for three days and then dashed even higher, soaring up by almost 300 points and reaching the 0.9285 mark by Friday.


Roman Butko, NordFX