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Dear clients, we are delighted to inform you that three new cryptocurrency pairs have been added to Pro and Zero accounts. In addition to BTCUSD, LTCUSD and ETHUSD, trading services are now available for the increasingly popular pairs of DSHUSD, XRPUSD and BCHUSD.

Dash, DSH is a crypto currency that was first issued on 18 January 2014. It was previously known as XCoin and, after that, as Darkcoin until 26 March 2015. Currently Dash is a TOP-10 cryptocurrency: in September 2017, its market capitalization amounted to 2.5 billion dollars. As for the value of Dash, it grew more than 90 times during the 12 months of 2017.

Ripple, XRP is a relatively "old" cryptocurrency, having been launched in 2012. As of the end of 2017, Ripple, like Dash, is among the top ten cryptocurrencies in terms of market capitalization, where it ranks fourth after Bitcoin, Ethereum and Bitcoin Cash. From 1 January to 31 December 2017, Ripple grew by more than 400 times.

Bitcoin Cash, BCH is a cryptocurrency that separated from Bitcoin on 1 August 2017. In the last 5 months of the last year, Bitcoin Cash multiplied in value by 12 times.

You can find more detailed information on the contract terms for new pairs on our website in the sections describing the Pro and Zero accounts. Please note that, just like for other trading instruments, the maximum leverage on DSHUSD, XRPUSD and BCHUSD pairs is 1:1000.


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First, a review of last week’s forecast:

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

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

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

- USD/CHF. Here, the opinions of experts were divided 50/50. The pair spent the whole week being similarly ambivalent: at first it grew a little, then fell slightly, then went up again, and then fell a little. As a result, the decline over five trading days was as small as 25 points (0.9335).


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

- EUR/USD. The absolute majority of trend indicators and oscillators are still coloured green. Only two oscillators signal that the pair is overbought, one of them being on H4 and the other on D1. As for analysts, there is not even a hint of unity among them: 35% think the pair will grow, 35% think it will fall, and 30% are simply disorientated.
A clearer picture is drawn by graphical analysis. On H4, it assumes a continuation of the uptrend, with the support being near 1.2400 and the nearest targets being 1.2525 and 1.2570. On D1, graphical analysis also largely focuses on support / resistance levels of autumn 2014. The trend is also an upwards one, with support at 1.2340, and a 1.2630 target.
If we move to the medium-term forecast, almost 70% of experts still hope for dollar strengthening and the pair’s subsequent decline to 1.1900-1.2085;

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

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

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



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


Roman Butko, NordFX


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

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



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

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

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


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First, a review of last week’s forecast:

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

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

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

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


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

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

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

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

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



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


Roman Butko, NordFX


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

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

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

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

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


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

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

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

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

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


As for the forecast for the upcoming week, summarizing the opinions of analysts from a number of banks, broker companies and crypto-exchanges, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

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

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

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

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




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


Roman Butko, NordFX


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

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

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At the very start of this year, the IAFT Awards winners were named, and our company has won in the nomination "The Best Broker to Work with Cryptocurrencies". And now, following the results of voting in the framework of another award, “Forex Awards”, NordFX has been named the Best Crypto Broker Asia of the past year.

Starting from 2010, expert community consisting of traders and visitors to the Forex Awards website has been selecting winners in a number of prestigious categories by vote, where this year, for the first time, nominations associated with cryptocurrency market, have been added.

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

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


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First, a review of last week’s forecast:

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

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

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

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


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

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

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

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

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



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


Roman Butko, NordFX


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

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

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

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

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

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

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


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

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

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

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

- The forecast for the main currency pairs is the following. BTC/USD: experts expect the pair to return to the highs of the previous week. According to their forecast, the pair should rise to 8,850-9,400. ETH/USD: growth to 655.00, and then on to 670.00-740.00. LTC/USD: rise to 170.00-181.00, and, in case of a break through the resistance, a rise to 193.00. XRP/USD: the target is 0.688-0.780, at with the pair possibly rising to 0.810 at the end of the week.

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

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


Roman Butko, NordFX


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

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

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Dear Clients,

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

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


Yours faithfully,
NordFX


#forex #crypto #broker #Ethereum #nordfx

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First, a review of last week’s forecast:

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

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

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

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


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

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

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

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

- The forecast for the basic currency pairs looks as follows.
BTC/USD - Experts expect the continuation of the uptrend. Targets that the pair can reach by the middle of the week, are 9,870 and 10,080. At the same time, it is possible that the bullish impulse will be stronger, and it will rise to the zone 11,500-11,750. At the end of the week, there may be a change of trend and a relatively small decline;
Similar dynamics are expected for other pairs. ETH/USD: targets are 740.00 and 866.00. LTC/USD: 193.40 and 217.30. XRP/USD: 0.670, 0.730 and 0.890.

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

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


Roman Butko, NordFX


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

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

https://nordfx.com/

First, a review of last week’s forecast:

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

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

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

- and now, cryptocurrencies that moved all the way to the south all week, even though many oscillators insistently indicated they were oversold. Optimists call this fall a prolonged correction, pessimists talk about the beginning of the end of the crypto currency boom. Whatever it is, the fact remains - the crypto market "shrunk" by 70% during three months of 2018, and its capitalization is now only 275 billion USD.
There are several reasons for this fall: this is ongoing hacker attacks on crypto-exchanges and client wallets, more unsuccessful ICO projects, and the increased pressure on this market by regulators. The Chinese authorities made an announcement on further steps on Thursday, and in Japan, five exchanges withdrew their applications for licensing, realizing that they will not be able to meet the requirements of the FSA - Financial Services Agency of this country.
As a result, bitcoin dropped to the level of 6520, Litecoin - down to 108.00, ripple - 0.45, and the Ethereum fell to the values of last June to the zone of 365.0.


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

- EUR/USD. The overwhelming majority of experts have taken a neutral position, waiting for the pair to go on moving in the mid-term lateral channel of 2018. As for trend indicators and oscillators, about 60% recommend the sale of the pair, 40% - purchase, or are painted neutral gray. The above allows us to say that the pair is likely to stay within this channel for the first half of the week. The nearest support is in the zone 1.2240, the next one is 1.2155. Resistance is at the levels is 1.2445 and 1.2535.
Higher volatility of the pair can be expected on Wednesday and Thursday after the release of data on the European consumer market and information about the ECB meeting. On Friday, the market is expecting data on the labor market from the US. One of the most important indicators here is the NFP, which determines the number of new jobs created outside the agricultural sector. According to forecasts, it may fall by about 35%, which can weaken the dollar considerably. However, data on average wages in the US will be published at the same time with the NFP, which may provide some support to the US currency.

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

- USD/JPY. It is impossible to use indicators at the moment - their readings are a mixture of green, red and neutral gray colors. As for the experts, 55% of them believe that the uptrend that started last week will continue, and the pair will rise to 107.30. The next target is 108.50.
The remaining 45% of analysts, supported by graphical analysis on D1, on the contrary, are confident that the pair will not be able to overcome the resistance of 107.00 and will go first to support 104.65, and then even further downwards - to zone 101.20-104.30.

- The forecast for the main cryptocurrency pairs is the following.
BTC/USD: experts expect the continuation of a downtrend to the horizon of 5970, and in case of its breakdown, down to 5425. After this, the trend should reverse and return to the 8000 zone, which can take two to three weeks to complete.
Similar dynamics are expected for other pairs. ETH/USD: decrease to the zone 200.00-275.00 and the subsequent retreat into the zone 500.00. LTC/USD - drop to 85.00-105.25, then rebound to 173.80. XRP/USD - according to experts, this pair can find the bottom at the level of 0.25-0.30, after which it will for some time return to the level of 0.63.



Roman Butko, NordFX


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

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

https://nordfx.com/

First, a review of last week’s forecast:

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

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

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

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


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

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

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

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

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




Roman Butko, NordFX


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

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

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First, a review of last week’s forecast:

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

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

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

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


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

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

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

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

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




Roman Butko, NordFX


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

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

https://nordfx.com/

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

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

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

https://nordfx.com

First, a review of last week’s forecast:

- EUR/USD. For the third week in a row, the dollar continues to strengthen its positions, having won back about 500 points from the euro. Easing of tension in trade relations with China has rendered serious support for the US currency. By Friday, May 04, as most experts (60%) supported by 80% of the indicators had expected, the pair reached the lower border of the 1.1915-1.2085 range, after which a slight rebound followed, and it stopped at 1.1960;

- GBP/USD. The victory of the dollar over the British pound, which lost about 890 points in three weeks, is even more convincing. This "fiasco" was promoted by the weak macroeconomic statistics of Great Britain, and the weakening of hopes for the Bank of England's early change of its monetary policy, and the unresolved dispute with the EU regarding the Irish border. As a result, as predicted by 55% of analysts, oscillators and graphical analysis, the pair dropped to the values of this January and completed the five-day period at 1.3530;

- USD/JPY. 70% of analysts, supported by most of the indicators, were expecting the continuation of the uptrend. The target was the height of 109.80, which was reached by the pair on the first day of May. After that, it climbed another 20 points and, as predicted by the graphical analysis, turned around and left to the south, ending the week's session almost where it had started, in zone 109.10;

- Cryptocurrencies. In general, the outlook for the cryptocurrency pairs traded in the NordFX brokerage company turned out to be absolutely correct. As we have repeatedly said, because of the rather thin market and increased volatility in this segment, the main goal of the experts is to correctly predict the trend. And this was achieved. As for the levels of support/resistance that had been declared, they are rather approximate benchmarks rather than precise targets.
So, the past week has confirmed that Bitcoin loses its dominance, gradually giving way to altcoins. Thus, despite the fact that the total crypto market capitalization has reached 438 billion dollars, the Bitcoin share in it shrank to 35.9%.
The pair BTC/USD could not reach the landmark of $10,000, stopping at 9.825. Ripple hardly reached the target as well, having managed to conquer only the height of 0.8850. But the pair ETH/USD completed the task in full, fixing the weekly maximum at the height of 806 dollars. The same applies to LTC/USD. The goal for this pair was a return to the high of April 24, $165.00, which was what happened with an accuracy of 100%.


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

- EUR/USD. The market froze in anticipation, whether the long-awaited rebound of this pair will follow. We will say straight away that serious economic prerequisites for this are not yet around. But the market is still the market, and therefore about a third of the experts sided with the bulls, expecting the pair to rise first to resistance 1.2085, and then another 50-70 points higher. Such a development is confirmed by graphical analysis on H4 and D1, as well as 15% of oscillators, which give signals on D1 that the pair is oversold.
40% of analysts believe that the pair will take a breather and will move in the side channel 1.1900-1.2000 for a while. And, finally, the remaining 30% of experts are sure that the march to the south is not over yet, and we will see this pair in the zone 1.1800-1.1850 soon;

- A similar divergence of opinions can be observed when assessing the future GBP/USD. 40% of analysts are for the growth of the pair, 30% are for the sideways trend and 30% vote for its fall. 100% of the trend indicators and most of the oscillators are painted red. At the same time, 25% of oscillators on D1 indicate the pair is oversold, which is a signal strong enough to go up.
As for the graphical analysis, it predicts the movement in the side corridor 1.3470-1.3625 for the next few days, after which the pair should go to the north. The nearest target is 1.3790, the next one is 1.4000.
The decisive day for forming the trend is likely to be Thursday, May 10, which can be called the Day of the Bank of England. And much depends on whether and how much the interest rate on the British pound will be raised, and what the Central bank's chairman, Mark Carney, will say during his press conference.
The support levels are 1.3470 and 1.3300;

- Last week's reciprocal movement of the pair USD/JPY completely confounded not only the experts, but also the indicators: half of them recommend buying, the second half - selling. It is only graphic analysis, which both on H4 and D1 uniquely points to the south, calling 108.60, 107.40 and 106.60 as targets. The resistance levels are 109.50 and 110.00.
If we talk about forecasts up the end of May, it is already 70% of analysts who expect the pair to rise to the area of 111.50-112.00, and further - to an altitude of 113.40;

- Cryptocurrencies. Fundamental news around crypto market show increased activity of institutional investors, so experts expect the pair BTC/USD to continue to grow to the level of 10,300-10,700. The main support is 8.620. The forecast for the pair ETH/USD is growth to the $ 900 zone, support at the horizons of 700 and 595. LTC/USD: the goal is to rise to the levels of 175-180. XRP/USD: the goal is the same, to rise to the level of 0.92, and then to the zone 0.942-0.985, the support is 0.7230.


Roman Butko, NordFX


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

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

https://nordfx.com/

First, a review of last week’s forecast:

- EUR/USD. Recall that the opinions of experts last week were divided almost evenly: one third sided with the bears, one third sided with the bulls, and 30% took a neutral position, expecting a sideways trend. As a result, as if fulfilling an order, the pair first went down to the level of 1.1822, then rose by 145 points and completed the five-day period almost in the same place where it started, in the zone of 1.1940.
In total, in less than a month, from April 19 to May 09, the pair lost about 580 points, without any serious corrections, which caused serious financial damage to those traders who had opened positions to buy against the trend and could not stand such an impressive drawdown of the deposit;

- a similar divergence of opinions could be observed when assessing the future of the GBP/USD. We could expect any changes in the monetary policy of the Bank of England on Thursday, May 10, but everything went on without surprises, and the pair stayed practically within the boundaries of the side corridor, which was drawn for it by graphical analysis, 1.3460-1.3615.

- The pair USD/JPY also moved into a sideways trend, making return-oscillating movements in the range of 108.75-110.00 the second week in a row. The week ended with the pair being close to the beginning of the week, in the horizon, which can be called Pivot Point in the first half of May - 109.40;

- Cryptocurrencies. Experts expected the bitcoin to grow above the 10.300 mark, and the pair BTC/USD did, from the very beginning, go up, but could not even reach 10,000. Having reached the mark of 9,950, it turned and rolled down. the fall was accelerated by the Mt.Gox sell-off and by the statements of two super-billionaires - the head of Berkshire Hathaway Warren Buffett and the Microsoft founder Gates.
The Japanese crypto-exchange Mt.Gox sold bitcoins worth more than $ 70 million, and the market immediately responded to it by a large-scale correction. Things were made even worse by Warren Buffett, who said that cryptocurrencies would end badly, and Bill Gates, who called bitcoin one of the most speculative things in the world. As a result, the pair fell below a very strong support level of 8.620 on Friday, May 11.
ETH/USD and XRP/USD could not achieve their goals either. it was only the LTC/USD that fulfilled the task, reaching the height of 183.75. But it could not resist the general crypto market trend, and, having made a quick U-turn, went down following the "colleagues", falling to the lows of the last few weeks in the area of 135.00.


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

- EUR/USD. More than 70% of experts, supported by graphical analysis on H4 and D1, as well as indicators on H4, expect the pair to continue to grow, which it started to do in the middle of last week. The nearest target is zone 1.2050-1.2100, the next one is 1.2215. Less than one third support the bears this time, but trend indicators on D1 and 15% of oscillators, indicating the pair is overbought, agree with them. In case they win, the pair can return to the horizon 1.1800. The next support is at the level of 1.1715;

- GBP/USD. Considering that the pair has already fully worked out the reversal pattern "double top", most analysts (60%) vote for the pair's growth. This script is also supported by graphical analysis. Signals that the pair is oversold are sent by 20% of oscillators on D1 as well. The nearest resistance is 1.3625, the target is 1.3765.
As for the remaining 40% of experts, in their opinion, the pair could fall to the level of 1.3450, and, in case of its breakdown, 150 points lower, to support 1.3300;

- it is impossible to form any consensus on the future of USD/JPY at the moment. Both the opinions of analysts, and the indicators' readings are divided approximately equally: one half are for the growth, one half are for the fall of the pair. As for the graphical analysis, it indicates a further decrease in the pair to the lower boundary of the two-week lateral channel 108.75-110.00 both on H4 and D1. Having reached it, it is quite possible that the pair will turn around and go up to the level of 110.00. This can happen before the end of May, and it is already 70% of experts who agree with this;

- Cryptocurrencies. At the end of Friday, May 11, the pair BTC/USD was slightly below the lower boundary of the three-week side corridor 8.620-9.955. Many analysts believe that if the week does not receive another portion of negative news, the pair will return to the borders of this channel.
However, a number of experts believe that the bitcoin will continue to fall, and in this case it can find a local bottom at the level of 7.720. The pair will be able to get back to the marks around 10,000 only by the very end of May.
Analysts expect downtrends to continue during the coming week for the rest of the currency pairs: ETH/USD, LTC/USD and XRP/USD. However, this correction, in their opinion, will be temporary, and all the pairs are expected to return to the highs of the first week of May, by the end of the month.


Roman Butko, NordFX


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

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

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First, a review of last week’s forecast:

- EUR/USD. Recall that about 70% of experts expected that the pair would rise at least to the height of 1.2050. However, the bulls' strength dried up before it approached the level of 1.2000, where the initiative was intercepted by the bears. Trend indicators on D1 and 15% of the oscillators sided with them, giving signals that the pair was overbought. As expected, the pair was quick to reach the horizon 1.1800, and then moved further down, having touched the local bottom at the level of 1.1750;

- GBP/USD. This pair moves in a fairly narrow side corridor for the second week in a row. Most analysts (60%) voted for its growth last week. But, having gone 65 points to the north, the pair turned around and, as was expected by the remaining 40% of experts, dropped to the support of 1.3450, near which it met the end of the session, having lost only 75 points during the week;

- 70% of experts predicted that the pair USD/JPY would rise to 110.00 by the end of May. But it was much ahead of expectations, having reached this level of resistance already on Tuesday, May 15. After that, turning it into a support, the pair went another 100 points higher. Then it lost 25 points and finished the five-day period at the level of 110.75;

- Cryptocurrencies. Some analysts believed that the BTC/USD pair should return to the borders of the three-week side corridor 8,620-9,955, and on May 14 it reached the level of 8,850. However, it didn't manage to gain a foothold at this level, and soon the pair retreated to the values of the beginning of the week in the zone 8,000. In general, the week was quite calm for other major cryptopairs: the Litecoin as well as the Ethereum and the Ripple completed it almost in the same place where they started.


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

- EUR/USD. 60% of experts predict the movement of the pair to the east along Pivot Point 1.1800. Graphical analysis on D1 also draws a side channel, indicating the boundaries as 1.1750-1.2000. 15% of the oscillators also indicate a certain growth of the pair, giving signals that it is oversold.
The remaining 40% of analysts expect the continuation of the downtrend. Support is at the levels of 1.1700, 1.1665 and 1.1585.
Talking about important events of the upcoming week, we should pay attention to the meeting of the FRS Committee on Open Markets on Wednesday, May 23, the ECB meeting on monetary policy on Thursday, May 24 and the speech of the head of the US Federal Reserve, J. Powell, on Friday, May 25.

- GBP/USD. The experts' opinions are divided almost equally: 35% are for the growth of the pair, 35% are for its fall and 30% vote for the continuation of the lateral trend.
As for graphical analysis, it also predicts lateral movement in the range 1.3450-1.3615 on both H4 and D1, after which a powerful collapse and the transition of the pair to 1.3300 zone is expected to follow.

- USD/JPY. 65% of experts, 95% of trend indicators and 90% of oscillators, as well as graphical analysis on D1 expect the continuation of the uptrend. The nearest goal is the height of 112.00, the next one is 100 points higher.
35% of analysts have voted for a decline, supported by 10% of the oscillators, which signal that the pair is overbought. Graphical analysis on H4 does not exclude the possibility of temporary correction down to the horizon of 109.85;

- Cryptocurrencies. The main forecast of stock exchange experts on the BTC/USD pair assumes the growth of bitcoin in an effort to reach $10,000. Support is at the levels of 8,100 and 7,900. As for the oscillators, there is no unity among them. For example, MACD on H4 demonstrates a small divergence with a price chart, which indicates the possibility of the growth of the pair. On the other hand, the indicator of trading volumes MFI (Money Flow Index) on H4 is in the overbought zone and looks to the south. On D1, the picture is exactly the opposite.
As for other cryptopairs, analysts believe that their correction is completed, and now they will strive up, following the bitcoin. Ethereum (ETH/USD): the nearest target is 740.00, the next one is 835.00, the support is 635.00. Litecoin (LTC/USD): the goals are 150.00 and 180.00, the support is in the area of 130.00. Ripple (XRP/USD): the target is 0.8850, the main support is 0.6140.


Roman Butko, NordFX


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

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

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Traditionally, summer is the time when business activity slows down: VIPs are basking in the sun on their snow-white yachts, the heads of the Central Banks leave the boring offices, setting important tasks aside for the autumn, and they are followed by ordinary traders who get a break. However, even the summer months can present surprises. Suffice it to recall the referendum on the withdrawal of the UK from the EU in June 2016, the results of which literally shocked all the stock and financial markets.
Such breaking news is not expected in the coming three months, but some events will be able to exert a strong, if not decisive, influence on the formation of exchange rates and trends.

- EUR/USD. Most likely, the ECB will send a signal in summer about its intention to end this year with a super-soft policy of buying up assets. This will happen, most likely, either after the meeting on June 14, or July 26, because the next meeting will happen in autumn. The intention to finish with the quantitative easing program (QE) and go into a new phase of development has been repeatedly stated by the heads of European Central Banks - by the head of the Bank of France Villeroia de Gallo, and the management of the German Bundesbank, and the head of the Bank of Lithuania Vitas Vasiliauskas.
As a result, despite the fact that the Euro can still continue to decline for some time, the markets are already prepared for a trend change. And if after one of the mentioned meetings the statements of the ECB Head Mario Draghi contain hawk notes, the Euro will immediately fly up.
More than 60% of the polled experts agree with this scenario at the moment, they believe that the pair EUR/USD will definitely return to the highs of 2018 in the zone 1.2400-1.2555 by September.
10% of analysts are still undecided, and about 30% of experts have voted for the further strengthening of the dollar. This, in their view, will be facilitated by the further raise of the interest rate by the US Federal Reserve against the backdrop of the ECB's muffled rhetoric. The bears' supporters expect the Fed to raise the rate by another 0.5% in the next six months, which will lead to a fall of the euro to the last September's low in the zone 1.1550. Moreover, such a decrease may occur in the near future, far outstripping the real actions of the Fed.
If we talk about technical analysis, its forecasts are more modest. It predicts a fairly low volatility and fluctuations of the pair in the corridor 1.1600-1.2000 for the beginning of the summer. Oscillators also expect correction upwards after 700 points of fall. So, a quarter of them are already signaling that this pair is oversold on the daily and weekly timeframes.

- GBP/USD. The pound continues to be pressured by uncertainty and disagreement with the European Union regarding the Brexit, as well as the absence of any changes in the monetary policy of the Bank of England. Starting from April 17, the pound has already lost more than 900 points and, if you look at the readings of graphical analysis and indicators, it does not intend to stop there.
So, the graphical analysis on D1 assumes that, having beaten off from resistance 1.3455, the pair can sharply go down, reaching the bottom at the level of 1.3065. And in case of the breakdown of this support, it can fall another 300 points lower - to the horizon 1.2765.
However, only 35% of experts support this development, 10% are neutral and 55% are confident that, starting from the middle of summer, the pound will start to gain strength and the pair will rise at least to 1.4000-1.4100. In this case, we must take into account that as of now, only one out of ten oscillators indicates that the pair is oversold.

- USD/JPY. It is clear that almost all trend indicators and oscillators on D1 and W1 are painted green. Only 10% of oscillators say that this pair is overbought.
It is necessary to pay attention to the fact that the pair has returned to the boundaries of the side channel 108.25-114.70, along which it has moved starting from the beginning of 2017. It broke through the lower boundary of this corridor in mid-February 2018, but now it has again approached its Pivot Point. Perhaps this is the reason for the divergence of opinions among experts: a third of them are for the movement of the pair to the north, a third vote for the east and a third think it will go to the south.
We can conclude from the above that the pair will stay in this range for the nearest months, which is confirmed by graphical analysis. At the beginning of summer, it expects the pair to move in the range of 108.25-112.00, after which the pair can go up to resistance 114.70.

- Cryptocurrencies. We should remind you once again that, due to the fact that the cryptocurrency market is thin and has increased volatility, digital currency rates can be strongly influenced not only by the decisions of various regulators, but also by the statements and actions of private companies and newsmakers of this industry.
For the pair BTC/USD, experts expect growth to the height of 11,750-12,980 by the middle of July, after which it is expected to roll back - first to the horizon of 10,000, and then, possibly, to the support of 7,160.
Analysts expect about the same dynamics for other cryptocurrencies included in the TOP-10 in terms of capitalization. So, it is not excluded that the pair ETH/USD will overcome the mark of $1000 for 1 coin in July, then it will return to the values of May in the $650 area.
LTC/USD. The pair will try to approach the height of $200 for a litecoin, then it will roll back to $140.
The immediate goal of the pair XRP/USD is to return to zone 0.8850. If it is reached, the next height is 1.0000, after which the rollback to the values in the region of 0.6300-0.7000 is expected.



Roman Butko, NordFX


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

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

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First, a few words about the behavior of the major currency pairs and cryptocurrency pairs over the past week:

- EUR/USD. The behavior of this pair at the beginning of the week was determined by the fear of the players over possible political changes in Italy. As a result, the pair dropped to the values of a year ago, closely approaching the 1.1500 mark. However, the situation in the eurozone eventually entered a calmer channel, the Italian populists agreed on the composition of the government, and the dollar gradually began to lose its positions. Against this background, the euro managed to win back about 215 points from the "American", and even the positive data on the US labor market on Friday (NFP increased from 159K to 223K) could not fundamentally change the situation. As a result, the pair completed the five-day period almost in the same place, where it started, in the zone of 1.1660;

- The dynamics which are similar to the previous pair were demonstrated by the pair GBP/USD. First it fell to the level of November 2017, but the support in the 1.3200 zone was invincible for it, and the pair went up to the height of 1.3345. Then the bears started to counter attack, but after a short struggle, the victory was with the bulls. As a result, the pair managed to gain a foothold above a fairly strong level of the last two weeks - 1.3300, and completed the week at 1.3345;

- USD/JPY. At the beginning of the week, the yen continued its growth, but then began to lose positions. And this was despite the fact that the index of business activity in the manufacturing sector in May increased slightly. It is possible that the fall of the yen is due to the actions of the Central Bank of Japan, which reduced the purchases of government bonds for the first time since August 2017. The result of a week-long contest of bulls and bears is a draw, the end of the trading session was met by the pair at 109.52;

- Cryptocurrencies. If you compare the graphs of the bitcoin and major altcoins, they quite accurately repeat the movement of major currency pairs: a fall in the first half of the week and a return to the starting positions, in the second one. The capitalization of the crypto market as a whole has not practically changed either and is $330 billion.


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

- EUR/USD. Both the oscillators and the trend indicators on H4 took a neutral position, while on D1, they still recommend selling the pair. As for analysts, they mainly focus is on the "trade wars" of the United States and news about the introduction of customs duties on the import of aluminum in relation to the EU countries, Mexico and Canada now. In this regard, most of them (55 %) tend to the fact that the pair can climb to the zone 1.1800-1.1830. At the same time, graphical analysis on H4 specifies that afterwards it is not ruled out to go down to support in the area of 1.1600.
In the longer term, the number of bull supporters among experts increases to almost 70%, and the targets are indicated at heights of 1.2000 and even 1.2200. As for the bears, in their opinion, the pair will not be able to overcome the resistance at 1.1800 and the seven-week long downtrend will continue;

- GBP/USD. Indicators for this pair are very similar to those for EUR/USD. Experts' opinions do not differ too much either, 60% of them expect that the pound will be able to rise to 1.3420, and, in case of its breakdown, reach the zone 1.3500. The next resistance is 100 points higher.
However, the problems of Great Britain connected with the withdrawal from the EU have not disappeared. And, in case of negative economic news, the pound will continue its decline, reaching a local bottom in the zone of 1.3085. Graphical analysis on D1 agrees with this scenario, pointing to another support at 1.2900;

- USD/JPY. We talked above about the reduction of bonds purchase by the Central Bank of Japan. The market is only assessing the situation so far, but the big players may well decide to move the yen further down. Moreover, some of the high-ranking Japanese officials already express clear concern about the possible escalation of trade wars into the Land of the Rising Sun as well.
In the meantime, the opinions of both analysts and indicators have been divided into three almost equal parts - one third are for the fall of the pair, one third are for its growth and another third support the sideways trend. Supports are at the levels of 108.95, 108.65 and 107.50. Resistances are 110.00, 110.45 and 111.10;

- Cryptocurrencies. The analysis of the market shows that not only the digital currencies themselves are subject to collapse, but also the participants of this market. For example, the OKCoin crypto-exchange, which occupied the first place two years ago, is now in the 188th place. In general, during this time, 8 out of 10 crypto market leaders have lost their positions.
The launch of the futures for cryptocurrencies, as well as pessimism of institutional investors has had a negative impact both on the current dynamics and on forecasts. As a result, most likely, we should not expect the same take-off of the exchange rate of virtual money, as we saw in June last year.
Now, almost all major crypto-pairs are repeating the movements of their leader - BTC/USD, which, while reducing volatility, continues to consolidate around the horizon 7,150.
If we follow the theory of graphical analysis, we now see the formation of a figure called Pennant. However, the direction of the further breakdown obviously depends not on the Forex theorists, but on the decisions and actions, primarily of the major regulators.
In the case of a rebound upward, one can expect the bitcoin to move to the height of 11,700. The start for this will be the return of the pair BTC/USD to the zone above 9,000. In case of negative developments , we will soon see the bitcoin in the 5,000-6,000 zone. In the upcoming week, most likely, the bitcoin will test the support in the zone 7,025-7,200.
As for the altcoins, as already mentioned above, the Ethereum (ETH/USD), the Litecoin (LTC/USD), and the Ripple (XRP/USD) will most likely follow the bitcoin in the near future without taking any independent action.



Roman Butko, NordFX


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

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

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In early June 2018, NordFX launched a new trading and investing service, which allows traders to enjoy another benefit of additionally acting as investors and/or managers of their RAMM account.

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Thus, NordFX clients can, besides trading as usual on the MetaTrader 4 platform, secure two more sources of income, performing the following roles at the same time:
- being an investor,
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Another important difference between RAMM and its counterparts is the security of the investor's funds: in RAMM, investors determine the level of capital protection themselves. Should the drawdown reach a specified level, trading on the account automatically ceases. Therefore, any concerns that all money may be lost due to the manager’s mistake are eliminated. Risk control is completely automated.

Any NordFX client can open a RAMM account. A minimum $50 deposit is needed to become a manager, and a minimum $10 deposit is needed to become an investor.
Trading with leverage of up to 1:1000 is possible for all trading instruments; these include 33 currency pairs, 6 cryptocurrency pairs, gold and silver.

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#eurusd #gbpusd #usdjpy #forex #signals_forex #PAMM #RAMM #cryptocurrencies #bitcoin

First, a review of last week’s forecast:

- EUR/USD. The basic forecast for this pair, supported by the majority of analysts, assumed its growth to the zone of 1.1800-1.1830. The pair went up indeed, fixing the week's high at 1.1839. So, taking into account the standard backlash, the forecast turned out to be absolutely correct. A rebound followed, and, as a result, the pair completed the trading session at the horizon 1.1770;

- GBP/USD. The forecast for this pair was very similar to that for the EUR/USD. 60% of experts had expected that the pound could rise to the level of 1.3420, and, in case of its breakdown, reach the zone 1.3500. It actually happened so - on Thursday, June 08, having broken the resistance of 1.3420, the pair briefly managed to rise to the height of 1.3470, then the bulls' strength dried up, and the pair met the end of the week 70 points lower - in the zone 1.3400;

- USD/JPY. Recall that last week the opinions of both analysts and indicators were divided into three almost equal parts - one-third voted for the fall of the pair, one-third were for its growth and another third voted for the sideways trend. And, as is often the case in such situations, everyone was right: the pair first grew to 110.25, then fell back to support 109.20, then again grew up and completed the five-day period almost in the same place where it started, in the zone of 109.55;

- Cryptocurrencies. As was said earlier, almost all major cryptopairs have been recently repeating the movements of their leader, BTC/USD. And the bitcoin, in turn, draws the Pennant and, constantly reducing volatility, continues to consolidate in the horizon area slightly above 7,000. So, if you look at the chart of D1, it is clearly visible that this "father" of all virtual currencies moved strictly horizontally in an extremely narrow corridor 7.345 - 7.730 for the whole week. It was followed in the sideways trend by all the major altcoins, and the attempt of the Ethereum and the Litecoin to break away from the leader and break through up at the beginning of the week, was unsuccessful, as expected. As a result, they returned to the initial levels: the Ethereum to around $600 per coin, and the Litecoin to $118.


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

- EUR/USD. President Donald Trump's opponents must be very upset - to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve's target of 2%, the trade deficit is declining, and the gross domestic product is growing. All this leads to the dollar strengthening, which plays against American importers, and it also leads to the discontent among the financial elites of many countries whose currencies have now reached the historic lows.
As a result, the overwhelming majority of experts (65%), supported by graphical analysis on H4 and D1 and 70% of oscillators, believe that the correction which started last week, will continue, but the pair's growth will be limited by the resistance in the zone of 1.2000. (In case of a breakdown when the pair fixes above, the next target is 100 points higher).
As for the supports, the main ones are located at the levels of 1.1650 and 1.1570;

- As for the pair GBP/USD, the correction to the level of 1.3615 is expected to continue by 65% of analysts. The next resistance is at the height of 1.3700, however, only 45% of experts vote for such growth. Graphical analysis on D1 also believes that the correction will be completed in the zone 1.3615, after which the pound sterling will continue its decline. The support levels are 1.3200, 1.3125 and 1.3040;

- But as for the Japanese yen, according to the readings of graphical analysis, on the contrary, it should strengthen its position. As a result, the pair USD/JPY may fall to the level of 108.00. However, only 40% of experts agreed with this scenario, 50% supported the growth of the pair, and another 10% are for the sideways trend. The oscillators do not have obvious signals either - on H4,most of them side with the bears, and on D1 the advantage is smoothly passed to the bulls. Resistances are at horizons 110.25 and 111.40;

- As for the main cryptocurrencies, their extremely low volatility does not allow us to speak of any stable trends emerging. And we are talking not only about the short-term forecast, but also about the forecast up to the end of this year. Thus, many analysts predict a gradual drying up of this market and a decrease in its capitalization. In this regard, the most likely target for the bitcoin for December 2018. is named as12,500 instead of previously announced 15,000.


Roman Butko, NordFX


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

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

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First, a review of last week’s forecast:

- EUR/USD. Billionaire George Soros is confident that further strengthening of the dollar will lead to a new financial crisis. At the same time, 10 out of 60 analysts interviewed by Reuters believe that the growth of the US currency will be completed within a month, 35 are confident that the strengthening of the dollar will last at least until the fall, and another 15 give the USD growth until the end of the year. Experts from ABN Amro are among the latter, they believe that the euro should fall to the level of 1.1000, and only then, in 2019, it will be able to restore some of the lost ground.
Interestingly, the decision of the US Federal Reserve to raise the interest rate to 2%, which was announced last week, did not surprise anyone. The information that this year should expect two more similar increases, and three in the future did not cause a stir either. The euro quickly recovered and, moreover, demonstrated growth against the background of these events to the level of 1.1850.
But the ECB's decision to extend the quantitative easing (QE) regime instantly dropped the euro against the dollar by more than 300 points. Our experts had named the level 1.1570 as the main support zone, to which the EUR/USD did rush. Due to the unusually powerful bearish impulse, by inertia, it even dropped 30 points lower, however, after coming to its senses, it soon turned around and completed the trading session at 1.1610;

- 65% of analysts expected further correction of the GBP/USD to the level of 1.3615, after which it had to resume its movement to the south. However, the pair could not rise even above the level of 1.3445 and rushed down again, trying, as on May 29, to break through support in the zone of 1.3200. And, just like in May, the attempt failed, after which the pair returned to zone 1.3280;

- USD/JPY. 50% of analysts supported the growth of this pair, referring to the horizons as 110.25 and 111.40 as resistance, between which, at 110.60, it completed the five-day period;

- Cryptocurrencies. In recent days, following their leader bitcoin, almost all of them have broken through important support levels and moved further south, testing new horizons. Thus, BTC managed to break through supports of $7,125 and $7,000 and reached a weekly low of $6,110 on June 14, then it managed to win back about 7% and rise to $6,575. Similar dynamics were demonstrated by the remaining virtual currencies included in the TOP-10 market capitalization.
Since the beginning of the year, the crypto market capitalization has decreased by 44.3% (from $611 billion to $340 billion). Just over the night of 10 to 11 June, the market shrank by another $25 billion. Many traders and analysts tried to explain this collapse by the Coinrail exchange in South Korea being hacked, but in reality, it lost only $40 million, so the theft was most likely just an excuse for another lowering the price of crypto-coins.


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

- In addition to the extension of the QE program mentioned above, the ECB's decision to leave the benchmark interest rate at a record low of 0%, and the deposit rate at -0.4%, also exerts strong pressure on the euro. It was also stated that these rates will not be raised "at least until the summer of 2019". At the same time, Mario Draghi admitted that the economy of the Eurozone in 2018 will not return to the forecasted level of growth.
All this, coupled with the success of President Donald Trump's economic policy, creates significant prerequisites for the further strengthening of the dollar. That's why 65% of experts expect that in the coming week the EUR/USD will test the level of 1.1500 and, if successful, could drop another 100 points lower. 90% of the oscillators on H4 and D1 also agree with this development,
As for the remaining 35% of experts, in their opinion, the pair still has chances to return to zone 1.1825, but the likelihood of such a development will depend on what the ECB Head Mario Draghi and the Fed, J. Powell, will say in their statements earlier this week;

- it is clearly visible on the GBP / USD chart that the pair moves in the lateral channel 1.3200-1.3470.for the fourth week in a row. At the same time, 60% of analysts believe that, following the euro, the British pound will also continue its decline. In their view, the pair GBP/USD may as well break through the lower boundary of this channel and move to the level of 1.3050-1.3200. This scenario is supported by graphical analysis on D1 and the absolute majority of indicators.
An alternative point of view, represented by 40% of experts, suggests the movement of the pair in the side corridor 1.3200-1.3345. The next resistance is in the zone is 1.3400.
On Thursday, June 21, the next meeting of the Bank of England should take place. However, with a high probability, it will not present any surprises, so it is not worth it to expect serious exchange rate jumps at this moment;

- a day earlier than their British counterparts, the Committee on Monetary Policy of the Bank of Japan will hold a meeting. As for the experts, two-thirds of them cautiously support the small growth of the pair USD JPY to the area of 111.00-111.50. The next resistance is 112.00.
This time, a third of analysts, graphic analysis on H4 and D1, as well as 20% of oscillators, side with the bears, signalling the pair is overbought. In case their scenario turns out to be correct, the pair is expected to decline first to support 109.40, and then, possibly, further - to levels 109.00 and 108.50;

- Most of the forecasts for basic cryptocurrencies can be reduced to just two sentences: 1) in the near future they will continue to fall, and 2) they should grow in the long term. For example, according to the forecast of Fundstrat Global Advisors analysts, the bitcoin can fall to the level of $ 3,250. However, even this, in their opinion, "will not break the long-term ascending trend of the first cryptocurrency".
The closest target for BTCUSD, according to the founder of Onchain Capital Ran Neuner, is the level of $5,900. The optimistic part of his forecast is that "if the price of the bitcoin reaches 20, 40 or 80 thousand dollars within a few years, then no one will be worried about whether it was bought for $6,000 or $6,500. Only traders working on a scale of less than a year should be concerned about the current drop in the market price. "The only thing that the expert didn't specify is when this long-awaited take-off to 80,000 takes place.


Roman Butko, NordFX


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

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

https://nordfx.com/

First, a review of last week’s forecast:

- EUR/USD. Most experts (65%) expected the pair to make an attempt to break through the 1.1500 support, which actually happened. However, the attempt failed, the bears' strengths weakened and, against the background of a temporary lull in the trade war between the US and China, the dollar lost about 160 points to the euro, pushing the pair to the PivotPoint zone of the last six months and finishing the five-day period at 1.1657;

- 60% of analysts spoke in favor of the fact that the GBP/USD could break through the lower boundary of the four-week channel 1.3200-1.3470 and fall to the horizon 1.3050. This forecast was correct: on Tuesday, June 19, the pair was below the support of 1.3200, and on Thursday, June 21, it reached the level of 1.3100. However, then the Bank of England presented a small unexpected surprise. Instead of the projected 2 votes against 7, the interest rate increase received 3 votes. Of course, this did not bring any basic changes, but the bulls understood such a result as a hint of a possible rate hike in August and began to push the pound up. As a result, by the end of the week session, the pair was able to rise to 1.3260;

- USD/JPY. The results of the previous week showed once again that signals of even a small part of oscillators should be taken into account. So, this time 20% of the oscillators signaled the pair was overbought. They were supported by a third of analysts and graphical analysis on H4 and D1, indicating the main support in the zone 109.40. Taking a standard backlash into account, this forecast turned out to be absolutely accurate: the pair reached the local bottom at 109.54 on Tuesday, after which it rebounded up to a height of 110.75, and then returned to the main medium-term support/resistance line in the 110.00 zone;

- Cryptocurrencies. Back in early June, the total capitalization of this market was $330 billion, now it is $283 billion, that is, in just a few weeks the market was "blown away" by about 15% (more than 50% since the beginning of the year).
If you look at the BTCUSD chart, you can observe the same picture for the seventh week: strained bulls' attempts to raise the pair up, and then a weekly sharp collapse, which negates all their efforts. As a result, having fallen to the level of $5,925, the bitcoin has reached the minimum of February 6, 2018.
It really does not make sense to talk about the reasons for such falls now - whether this is a negative decision of yet another regulator, or hacking of yet another exchange. All these are just reasons to "sink" the rate of the main crypto currency by another few hundred dollars. Altcoins included in the TOP-10 in terms of capitalization - etherium, ripple, litecoin and others, - obediently follow the bitcoin down, adversely affecting the mood of the market.


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

- as for the economic data, which can continue pushing the EUR/USD upwards, we can note only a slightly noticeable growth of the Eurozone composite PMI index. Apparently, this is the reason why 55% of experts give only a very cautious forecast, indicating the zone 1.1725-1.1750 as a target. The vast majority of indicators on H4 are also painted green, but it is already 15% of the oscillators that indicate that the pair is overbought.
The remaining 45% of analysts are sure that the growth of the euro is a temporary phenomenon, and the pair will once again test the level of 1.1500, and in case of its breakdown it will drop 100 points lower.
But the graphical analysis on D1 offers a compromise option: first the pair's fall into the zone 1.1450-1.1500, and then its growth to the height of 1.1840;

- the main trend for the GBP/USD so far is formed by the chief economist of the Bank of England Andy Haldane, who gave his vote on Thursday for raising the interest rate. In addition, the regulator has given a positive assessment to the British economy as a whole and indicated a readiness to reduce the balance after the rate rises to 1.5% (against 0.5% of today). Such "hawkish" statements led to the fact that 65% of experts expect the continuation of the uptrend and the pair's transition to the zone 1.3350-1.3450.
The remaining 35% of analysts seem to belong to the conspiracy theorists and believe that all statements of the regulator are only attempts to support the rate of the pound, which has lost more than 1,000 points since April. Proceeding from this, these experts believe that the fall of the pair will continue and it will reach the level of 1.3100 in the near future. The next support is 100 points lower.

- As for the pair USD/JPY, the opinions of analysts were divided equally - half are for the growth of the pair, half are for its fall, and both indicate a decrease in volatility. The support levels are 109.85 and 109.50, the resistance is 110.25 and 110.60. The graphical analysis on H4 agrees with the experts, indicating a gradual consolidation in the 110.10 zone.
It should be noted that about 15% of the oscillators indicate the pair is oversold, suggesting the correction of the pair up in the near future.

- Cryptocurrencies. It seems that the critical time is approaching, when market makers will have to decide whether the bitcoin should continue falling, or the trend should turn upwards.
If the BTC/USD confidently passes the support in the $5,900-6,100 zone, it is highly likely that after some time it will be seen near the horizon $4,300, where it stayed for a long time in last August-September.
If this support proves invincible, the bulls will do their best to bring the bitcoin back to the May highs and maybe even reach the coveted mark of 10,000.
The struggle in the main virtual currencies market is expected to be serious in the near future, and in conditions of such uncertainty, it is possible that crypto traders should not wait for any obvious powerful trend to appear, but it makes sense to focus on intraday trading .And this concerns not only the bitcoin, but also all the basic altcoins.


Roman Butko, NordFX


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

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

https://nordfx.com/