Announcement

Collapse
No announcement yet.

NordFX.com

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 13 - 17 February 2017

    First, a few words about the forecast for the previous week, which proved almost 100% accurate:Forecast for the coming week:
    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

    - Predicting the future of EUR / USD, only 20% of experts, graphical analysis on D1, and a third of oscillators point to it being oversold, supporting the growth of the pair to the height of 1.0850-1.0870. 60% of analysts and most indicators are confident in the continuation of the downwards trend and decline of the pair to the 1.0500 zone. However, the remaining 20% of experts believe that for some time the pair may move in a sideways channel in the 1.0590-1.0715 range. It should be noted that certain adjustments in the formation of the trend could be made after the ECB meeting on Wednesday February 15 and the summit of EU leaders on February 17;

    - A similar pattern is observed for GBP/USD. Here 60% of analysts, graphical analysis, and 80% of indicators are on the side of the bears. According to their forecast, the pair must first go down to the level of 1.2410 and then to 1.2350. The next support zone will be at 1.2200. At the same time, a third of experts and graphical analysis on H4 do not exclude that, reaching the bottom at the level of 1.2350, the pair will then proceed to a sideways movement in the 1.2350-1.2550 range;

    - Opinions of both analysts and technical analysis on the future of USD/JPY are very vague. The experts are divided into two almost equal camps: 50% support the growth of the pair and 50% foresee a fall. Graphical analysis on D1 draws a sideways trend in the rather wide range of 111.65-114.00. Meanwhile, in the medium term almost 70% of analysts expect the strengthening of the dollar. In their opinion, the pair is sure to rise above the 115.00 horizon;

    - As for the last pair of our review, USD/CHF, 100% of experts, graphical analysis, and the absolute majority of indicators look northwards, pointing to 1.0100 as the main target. There is some concern here, however, which is caused by the readings of just one third of oscillators: they signal that this pair is overbought and can possibly return to the 0.9960 support level.

    Roman Butko, NordFX

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

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 06 - 10 February 2017



    - Despite the fact that the past week was filled with important economic events, it failed to deliver any big surprises. The uptrend of the pair EUR/USD, the start of which was precisely on New Year's night 2017 (clearly visible on D1) was continued. Most experts expected the pair to decline to the rising channel's lower border in the area of 1.0600 and possibly to break through it. However, having descended to 1.0620, the pair could not penetrate the support and went up, ending the week where analysis on H4 predicted: precisely at the intersection of the centre line of the ascending channel and the strong resistance level of 1.0780;

    - With regard to the forecast for GBP/USD, most analysts and indicators on H4 expected it to fall to the support 1.2415. It was already Tuesday when the pair recorded a local minimum at 1.2412. Afterwards, it turned northwards. However, by Thursday the trend had changed again and, following the Bank of England announcements, the pair fell down, losing 250 points in one and a half days;

    - Recall that experts' opinions on the future of USD/JPY were almost evenly divided: 30% of them expected its growth, 40% expected it to fall and 30% took a neutral position. However, the relatively larger collective weight of the bears (by just 10%), apparently tipped the pair over, and the pair rushed downwards right from the beginning of the weekly session, easily breaking through the 113.95 Pivot Point of the side channel which was launched in mid-January, and ended the week at its lower border in the area of 112.50;

    - The forecast for the USD/CHF pair came true with an accuracy close to 100%. The vast majority of experts, supported by indicators, expected it to fall to the 0.9900 zone. At the same time graphical analysis warned that a correction might follow before the down trend continued, and the pair would rise to the 1.0085 area. That is what happened: on Monday, the pair reached the upper border of the descending channel (1.0045), and then went to the south, ending the week at the level of 0.9920.
    ***
    Forecast for the coming week:
    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

    - Speaking about the future of EUR/USD, the vast majority (65%) of experts believe that the target of the medium-term uptrend has not been reached yet, and the pair should rise to at least 1.0850-1.0870. Trend indicators and oscillators on D1 agree with this. As for the indicators on H4, they have taken a neutral stance, and the graphical analysis on H4 specifies the boundaries of the side corridor: 1.0700-1.0820. It should be noted that, giving the forecast for the next month, 60% of experts and graphical analysis on D1 believe that the pair will not be able to avoid falling to the level of 1.0500;

    - Speaking about the future of GBP/USD, 55% of analysts, with the support of indicators and graphical analysis on H4, expect the sideways trend of the last two weeks to continue. According to this forecast, the bears will possess a certain degree of superiority, the main support will be at 1.2415, and the Pivot Point will be at 1.2542. It is within these limits that the pair should move inside in the coming days. As for the medium-term forecast, 60% of analysts and graphical analysis on D1 side with the bears, waiting for the fall of the pair to the 1.2100-1.2200 zone;

    - The opinion of indicators both on H4 and on D1 unequivocally sides with the growth of the USD/JPY pair. But there is no such unity among analysts - only half of them agree with the indicators regarding the coming week. However, in the medium term, the number of growth supporters increases to 75%. The graphical analysis sides with the latter, according to its readings the local minimum for the pair is in the zone 112.07-112.50 and after reaching it, the pair should set out to conquer the peaks of the North. The resistance levels are at 116.70 and at 118.70;

    - As for the last pair of our review, USD/CHF, 65% of the experts and graphical analysis on H4 are confident that having rebounded from the support in the 0.9870-0.9900 area, the pair should rise and return to the symbolic mark around 1.0000. An alternative point of view is represented by the remaining 35% of experts and graphical analysis on D1. In their view, the pair may fall even further downwards and enter a period of lateral movement in the 0.9750-0.9870 corridor. The next support is 0.9670.

    Roman Butko, NordFX

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

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 30 January - 3 February 2017



    - The majority of analysts and graphical analysis on D1 had expected the EUR/USD pair to decline to the 1.0500 level and then to return to its Pivot Point at 1.0650. However, the pair stayed within a narrow side corridor 1.0710-1.0775 for almost the entire week and it was only on Thursday that it went down. At the same time the decline was quite small and, having found a local bottom in the Pivot Point area 1.0657, the pair turned around and went back to where it started the week, to the level of 1.0695;

    - GBP/USD. Regarding the behaviour of this pair, only 35% of experts and indicators on H4 had supported its growth, although they did turn out to be right. As for graphical analysis, it had not ruled out growth of the pair to the level of 1.2550 on D1, where the pair actually finished the week after reaching the height of 1.2673;

    - USD/JPY finished the week-long session at the Pivot Point level of January in the 115.60 zone. Talking about its movement within the week, the forecast given by 40% of analysts supported by oscillators on D1 and graphical analysis on H4 and D1, proved correct. Recall, they had insisted that the pair should once again test the January lows of 113.00 and 112.55, which is what ended up happening;

    - USD/CHF. Most experts along with graphical analysis had expected a sideways trend from the pair, and the pair did move east obediently for the whole week in a narrow range, having kept within 0.9960-1.0025.

    ***
    Forecast for the coming week:
    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

    - Speaking about the near future of EUR/USD, the vast majority (70%) of experts continue to expect the pair to decline to the level of 1.0600 and further to the area of 1.0500. As for technical analysis, the findings of oscillators differ: one would need to sell the pair if they follow H4, and to buy on D1. 15% of analysts and graphical analysis on H4 also talk about buying, indicating the height of 1.0775 as the target and the next resistance level as 1.0890. The remaining 15% of experts, together with trend indicators, have taken a neutral position;
    - A similar picture emerges with respect to the behaviour of GBP/USD. The majority of experts (55%) and the indicators on H4 expect the pair to initially fall to the support at 1.2415, and then further on to 1.2255. As for the remaining analysts, indicators on D1 and graphical analysis on H4, they suggest that the pair will first reach resistance in the 1.2730-1.2775 zone. Only then will it start descending southwards. The next resistance to which graphic analysis on D1 indicates is located at the level of 1.2875;

    - The opinions of the experts on the future of the USD/JPY are almost equally divided: 30% expect its growth, 40% expect it to fall and 30% take a neutral position. Trend indicators, oscillators and graphical analysis on D1 also remain neutral. But their "colleagues" on H4 are set to purchase. The Pivot Point is 115.12. The nearest resistance is 115.60, with the subsequent levels being 116.35 and 117.00. The support levels are at 114.40, 113.85 and 112.50. Regarding the medium-term forecast, it should be noted that about 70% of analysts expect the pair to grow;
    - As for the last pair of our review, USD/CHF, all 100% of experts believe that the pair will not be able to stay in such a narrow sideways channel for the second week in a row. However, the views differ as to where it will go: 35% expect its growth, 65% believe it will fall. Indicators also tend to believe it will fall to the 0.9900 zone. But graphical analysis both on H4 and on D1 shows that a correction may take place before the downwards trend continues, implying that the pair may rise to the resistance in the 1.0085-1.0100 area;
    - Summing up our weekly review, it is important to remember that the upcoming week will be filled with numerous events, which traditionally attract the attention of currency traders. To be precise, a decision by the Bank of Japan on interest rates is expected on Tuesday, 31 January, a similar decision by the US Federal Reserve is expected on Wednesday, 1 February, and the Bank of England is expected to announce its decision on Thursday, 2 February. In addition, at the end of the week on Friday, 3 February the ECB will hold a meeting, important economic data from China will be published, and employment data (NFP) from the United States will be released.

    Roman Butko, NordFX

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

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 23-27 January 2017


    - The main forecast for the EUR/USD pair had said that early in the week the pair could rise to 1.0685 or even higher to the 1.0700-1.0800 area. This is what happened in reality. By just Tuesday, the pair reached the 1.0720 level, before returning 130 points downwards and jumping back up again, finishing the week near the 1.0700 mark;
    - GBP/USD. Regarding the behaviour of this pair, 50% of the experts predicted its movement to the north and graphical analysis indicated a target in the area of 1.2400-1.2500. This turned out to be 100% correct. In the first half of the week, the pair did the seemingly impossible: inspired by the speeches of the Governor of the Bank of England M. Carney and the British Prime Minister T. May, as well as by optimistic indicators of the economy of this island state, the pair leapt upwards by 430 points and returned to the strong level support/resistance of the last four months in the 1.2385-1.2415 zone;
    - In the case of USD/JPY, most experts and indicators on H4 and D1 had expected the pair to descend to a local minimum in the area of 113.00, after which it had been expected to turn around and go north. In reality, the pair surpassed these expectations, marking the minimum as 45 points lower than predicted at the level of 112.56. This was followed by the scheduled rebound and the pair returned to the 114.60 mark, to the upper boundary of the February-March 2016 corridor;
    - USD/CHF. 65% of experts, trend indicators and graphical analysis on H4, as well as oscillators on H4 and D1 had strongly advised to sell the pair, believing that it would definitely reach the 0.9950-1.0000 zone. Those traders who followed this advice, were able to profit considerably. Mirroring the movements of EUR/USD, the pair recorded the minimum at the level of 0.9995 on Tuesday.

    ***
    Forecast for the coming week:
    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:

    - It is clear that, speaking of the near future of EUR/USD, the vast majority (80%) of trend indicators look northwards. Meanwhile, one third of the oscillators indicates that the pair is overbought. About 60% of analysts together with graphical analysis on D1 expect it to descend to the level of 1.0500. After that, in their view, the pair will be able to return to the 1.0650 resistance;
    - A similar picture emerges with respect to the behaviour of the GBP/USD as well. Most indicators on H4 vote for the growth of the pair, whilst on D1 they do not exclude the beginning of a fall. 65% of experts are also in agreement with the bears. The nearest support level is 1.2300, with the next one being 1.2200. The bottom is in the area of the minimum of October 2016 at 1.1950-1.2000. As for graphical analysis, it draws a corridor with a relatively large range on D1, the low being 1.2000 and the high being1.2420. The next resistance is 1.2550;
    - USD/JPY. Trend indicators in this case, have taken a neutral position. The readings of oscillators differ: on H4 they insist on buying, and on D1 they insist on selling. There is no unity among the experts and graphical analysis either. The majority of the former (60%), insist that the pair will go up to the 116.00-117.50 area. The latter, both on H4 and D1, believe that it must first once again test the January lows of 113.00 and 112.55;
    - As for the last pair of our review, USD/CHF, 75% of the experts along with graphical analysis expect a sideways trend within 0.9995-1.0200. An alternative view sees the pair going down to the level of 0.9900. However, this can only happen in the event of any significant economic or political developments in the EU and the USA, which are not expected next week.
    Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 16-20 January 2017



    - The behaviour of the EUR/USD pair did not deliver any surprises in the first half of the week. First, as predicted by graphical analysis, it attempted to climb to the height of 1.0650. Having almost reached the intended target (1.0627), the pair reversed and, following the forecast of most analysts, it began to descend to the 1.0350-1.0525 zone. The trend was then altered by the ECB meeting, the press conference by Donald Trump, and the speech of the Governor of the Bank of England M. Carney. Those events led the pair to return to the level of 1.0625 and then rise another 50 points to the height of 1.0685, once it had kicked off from the level of 1.0453;

    - GBP/USD. Regarding the behaviour of this pair both experts and indicators were divided into three roughly equal groups: one third of them believed it would fall, one third believed it would grow, and the remainder believed the pair would move eastwards. The pair ended up fulfilling all these wishes: first it went down to the level of 1.2035, and then, reacting to the events listed above, it rose to the height of 1.2316 and eventually finished the week midway between these two values - in the area that has been acting as a support level during the first two weeks of January;

    - In the case of the USD/JPY, analysts just shrugged their shoulders, anticipating the release of news from the US. As for graphical analysis, following the readings on H4, the pair fell to the lows of the previous week in the 115.05-115.20 area. After a short respite it rushed further down, which had been predicted by graphical analysis on D1. It reached a local bottom at 113.75;

    - Recall that the opinions of experts and technical analysis on the behaviour of the USD/CHF pair were geometrically opposed. The former predicted its growth to the values of 1.0200-1.0300, and the pair went up exactly to the middle of this zone: 1.0247. The latter were, for the most part, inclined to sell it, and by the end of the week the pair fell to a level that was approximately 100 points lower than where it was at the start.

    ***
    Forecast for the coming week:

    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following: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 in financial markets is risky and can lead to a loss of money deposited.

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    10 Threats to European Currencies
    2016 has been marked by a number of events that strongly affected financial markets. First and foremost is, of course, Brexit, the election of Donald Trump as US President, as well as persistent rumours of a possible disintegration of the European Union, which have seriously changed the balance of forces in the struggle of major world currencies.
    So what should be expected from the pound, dollar, euro and yen in the new 2017?

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 09-13 January 2017

    Forecast for the coming week:
    Summarizing the views of a number of analysts from leading banks and brokerage firms, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:Roman Butko, NordFX

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

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied

    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 02-06 January 2017

    Forecast for the upcoming week:
    Summing up the opinions of a number of analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 26-30 December 2016

    The forecast for the upcoming week - the last one before the New Year:
    Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for
    19 - 23 December 2016

    First, a few words about the forecast for the previous week, which has been almost 100% correct for all four pairs:Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies, as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:

    - A few months ago, we published the opinions of a number of experts suggesting that EUR/USD would seek to achieve an exchange rate parity of 1.0000 in the upcoming year (2017). It seems that this forecast is coming true. At least 60% of analysts, 85% of indicators, and graphical analysis on D1 believe that in the near future the pair will continue to fall at least to the 1.0300-1.0350 area. It is worth noting that the pair has fallen so low that, when determining the support level, it is necessary to work not just with the data for the last two years, but also with that from 1997-2003.
    An alternative point of view is expressed by the remaining 40% of experts and the numerous oscillators, which indicate that the pair has been oversold. According to their forecast, the pair has reached its local minimum, so in the foreseeable future will be moving in a sideways channel with a Pivot Point of 1.0500;

    - With regard to the future of GBP/USD, 60% of experts and the majority of indicators support the continuation of the downward trend, naming the support at 1.2300 as the nearest target. At the same time, graphical analysis clarifies that the pair may stay in a sideways corridor within 1.2360-1.2560 for some more time before the decline. It should be noted, however, that when giving a medium-term forecast, 70% of analysts believe that the pair should sink to the level of 1.2100;
    - USD/JPY. It is clear that most of the indicators point northwards. However, a third of the oscillators indicates the pair has been overbought. Graphical analysis points to a possible downwards rebound as well, naming 115.45, 114.80 and 113.90 as support levels. As for the experts, 30% of them believe that the pair will grow to a height of 120.00. The majority, though, expect a sideways trend with a Pivot Point of 118.00;
    - USD/CHF. More than half of the experts believe that the pair will try to gain a foothold above 1.0300, the main resistance being 1.0410. Graphical analysis on D1 and 95% of indicators on D1 and H4 agree with this point of view. The main support is 1.0200, with the next one being at 1.0150.
    Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 12-16 December 2016

    Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies, as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.
    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 05 - 09 December 2016

    Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies, as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:Roman Butko, NordFX
    Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

    #forex #forex_forecast #eurusd #signals_forex #binary_options http://nordfx.com/
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex forecast for EURUSD, GBPUSD, USDJPY and USDCHF 28 November - 02 December 2016.

    Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies, as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested: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 it can lead to loss of money deposited.

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 21-25, 2016

    Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies as well as forecasts based on different methods of technical and graphical analysis, we can suggest the following:Roman Butko, NordFX

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

    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/promo/refer_friend

    Leave a comment:


  • Julia NordFX
    replied
    Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 14 - 18, 2016


    - In anticipation of the US Presidential election, most experts simply refused to make any predictions on USD pairs. However, in the medium-term forecast, expecting the victory of Hillary Clinton 85% of experts predicted growth in the dollar and a decline of the EUR/USD pair. As a reminder, during the entire second half of October, forecasts were based on the pair's progress to the level of 1.0800. Come November 8, Donald Trump becomes President of the United States and the pair quickly climbed 300 points to the level of 1.1300. Then, as if his rival won the election, it collapsed just as quickly, reaching the trough at 1.0830 on Friday;
    - Similar forecasts and uncertainty were observed with respect to GBP/USD as well. As a result, in spite of the American election, the pair managed to hold out in the corridor of 1.2350-1.2550 for most of the week. Only at the end of the week, having broken through the upper boundary of the channel, it went on northward. As a result, whilst the election led to the dollar strengthening against the euro, it also led to it surrendering to the British pound;
    - USD/JPY. Speaking about the future of this pair, 70% of analysts predicted growth of the pair to the 106.00-107.00 zone, which is what happened: it is in this range that the pair finished this hectic week;
    - More than 90% of the experts believed that the USD/CHF pair should certainly go back to 1.0000-1.0100 marks. Graphical analysis agreed with this opinion as well, naming 0.9820 as the first target. This forecast can also be considered fulfilled: having survived the first shock of Trump's election, the pair returned to the set trend, reaching the resistance of 0.9820 by Thursday. It then broke through it to approach the level of 0.9900.
    ***
    Forecast for the upcoming week:
    Summing up the opinions of several dozen analysts from world leading banks and brokerage companies as well as forecasts based on different methods of technical and graphical analysis, we can suggest the following:
    - It is clear that all indicators on H4 and D1 are looking southwards when predicting the future of EUR/USD. But most experts have an opposite opinion: about 70% of them believe that the pair should return to the level of 1.1000. Graphical analysis found a compromise between the computer and the human mind - it indicates an initial fall of the pair to the level of 1.0800, followed by a rise to 1.1055. After that, according to its forecast, the pair will go down again to the support level of 1.0850. As for analysts, when giving their medium-term forecast 70% of them named the zone of 1.0600-1.0750 as the trough;
    - Analysts are split exactly halfway on the future of GBP/USD. 50% of them, in full agreement with the indicators, say that the pair will target the 1.3000 mark. The other half expects it to descend to the support in the area of 1.2380. As for the readings of graphical analysis, they suggest that the pair has reached its local maximum and is now expected to fall. The support levels are 1.2380 and 1.2150;
    - Experts expect a decline for the pair USD/JPY as well. According to the vast majority of them (90%), the pair should go down to the zone of 104.00-104.50. However, developments of the political situation in the United States and the statements of the new President Elect will certainly influence local trends;
    - And finally, the last pair of our review: USD/CHF. This time, experts have shown a striking unanimity - 100% of them have pointed to the north, calling the height of 0.9950 the immediate goal. However, graphical analysis on H4 says that before starting to climb, the pair may stay in the side channel 0.9810-0.9910 for some time.
    Roman Butko, NordFX
    Notice: These materials should not be considered a recommendation for investment or guidance for working on financial markets as they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.
    #forex #forex_forecast #eurusd #signals_forex #binary_options
    http://nordfx.com/promo/refer_friend

    Leave a comment:

Working...
X