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Stan NordFX

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About Stan NordFX

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  1. Forex Forecast and Cryptocurrencies Forecast for June - August 2018 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 https://nordfx.com/
  2. Forex Forecast and Cryptocurrencies Forecast for May 21 - 25, 2018 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 https://nordfx.com/
  3. Forex Forecast and Cryptocurrencies Forecast for May 14 - 18, 2018 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 https://nordfx.com/
  4. Forex Forecast and Cryptocurrencies Forecast for May 7 - 11, 2018 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/
  5. NordFX named Best News and Analysis Provider by FXDailyinfo 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
  6. Forex Forecast and Cryptocurrencies Forecast for April 30 - May 04, 2018 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. Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000. Also, you can just invest in cryptocurrencies on favorable terms. Deposit and withdrawal of funds in USD, bitcoins and ethereums. 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/
  7. Forex Forecast and Cryptocurrencies Forecast for April 23 - 27, 2018 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. Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000. Also, you can just invest in cryptocurrencies on favorable terms. Deposit and withdrawal of funds in USD, bitcoins and ethereums. 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/
  8. Forex Forecast and Cryptocurrencies Forecast for April 16 - 20, 2018 For starters, a few words about the forecast for the previous week, which turned out to be absolutely true for many major and cryptocurrency pairs: - EUR/USD. According to the graphical analysis, the pair was supposed to consolidate in the Pivot Point zone of the medium-term side channel in 2018. The level of 1.2215 was indicated as the lower limit, the upper one was 1.2355. At the same time, 35% of analysts suggested that the US dollar will continue to weaken, provoked by data on the labor market, and the pair would be able to break through 1.2355, rising above this level. It was this scenario that was implemented. The pair climbed 115 points by the middle of the week, reaching the height of 1.2395, after which it turned and returned to where it had been expected - to the medium-term Pivot Point in the zone of 1.2328; - The forecast for the pair GBP/USD had supposed a certain growth, but not the one that really happened. Recall that the growth above the horizon 1.4200 was supported by only a quarter of analysts, but the dollar weakening surpassed even their expectations, and the pair almost reached the level of 1.4300 on Friday. However, the strength of the bulls dried up soon, and it rolled back to the level of 1.4240; - The forecast made by most experts on the pair USD/JPY, suggested continuation of the medium-term lateral trend, which began in mid-February, and its growth to a height of 108.00. That's exactly what happened. The pair moved within the corridor 106.60-107.40 for the whole week, after which it tried to move one level above, but, having reached the height of 107.77, could not get fixed there and returned to the highs of the previous week; - The forecast for cryptocurrencies turned out to be absolutely correct as well. All major crypto-pairs went up as expected. The script for the BTC/USD provided for an increase to 7,820-8,360. In fact, the pair reached the mark of 8,200. For the ethereum, the target was the zone 440-511, it managed to climb even slightly higher - to the height of 527, after which, it returned to the 490 mark by the end of the week. For the LTC/USD, the scenario envisaged a rise to 155-175, however, even though the pair went up confidently, the bulls' enthusiasm dried up a little earlier - at the height of 133. And, finally, ripple. The experts set a height of 0.67 as the main target for it, to where it got on Friday evening. 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, together with graphical analysis on D1, continue to insist on the pair going down first to the level of 1.2215, and then, possibly, to the minimum of the medium-term side corridor at the horizon 1.2155. However, the geopolitical situation in which Syria is involved, as well as the trade war with China, and a number of other factors, can make influence the situation and lead to a further weakening of the dollar. In this case, as 40% of analysts believe as well as most of the oscillators on D1, the pair can continue to move to the resistance levels at the top of the channel, these are 1.2410, 1.2475 and 1.2525; - Almost all the indicators, both trend ones and oscillators, both on H4 and D1 (85%) are determined to buy the GBP/USD. But as for the experts, here the bulls' advantage is not so impressive: 60% by 40%. The main support is located at 1.4145, then 1.4065 and 1.4010. The resistance levels are 1.4345 and 1.4425. It should be noted that in the medium term, the advantage is shifted to the bears, and here 60% of analysts vote not for growth, but for the fall of the pair, expecting its fall to the March lows around 1.3760; - USD/JPY. Almost all indicators are painted green following the trends of the last days and weeks. However, we should pay attention to the fact that the pair is at the upper boundary of the strong resistance zone, which can be traced starting from this February. More than 70% of experts believe that the pair will try to gain a foothold above this zone, and its weekly fluctuations will occur in the range of 107.00-108.50. However, one third of analysts are sure that the pair will return to the side corridor 106.65-107.00, and, if it breaks its lower border, it may drop another 100 points lower, reaching the local bottom at 105.65. This development is also confirmed by the graphical analysis on D1; - As for cryptocurrencies, experts expect this week that the pair BTC/USD will move along the level of 8,000, making fluctuations in the range of 7,570-8,575. ETH/USD may try to conquer the height of 600, but the ethereum will not be able to get fixed there and it will return to the levels around 485-510. For the pair LTC/USD, experts point to the height of 145 as the target, and to the zone 0.70-0.740 for the pair XRP/USD. Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000. Also, you can just invest in cryptocurrencies on favorable terms. Deposit and withdrawal of funds in USD, bitcoins and ethereums. 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/
  9. Profit 7000% per Month: Success Formula from Miss Sarinya For some reason, it is a common opinion that trading in foreign exchange markets is, like chess, mainly a male business. However, this is not at all the case, and women, with their perseverance and patience, can quite often give a hundred points to the odds to the "strong" half. The results that a trader from Thailand has recently showed, can serve as an example: she has managed to increase her deposit by 70 times in less than a month! Miss Sarinya is 35 years old, she lives in Northern Thailand in Chiangrai Province, where she sells bags and all kinds of fashion accessories. And as she said, in order to have some additional income, a few years ago she decided to take up Forex. "I did not finish any special training courses," says Sarinya, "I studied, receiving information from all sorts of online resources. I am still not very strong at technical analysis, I am just used to do her best always and in everything, and to bring the matter to the result. I tried many different trading strategies, sometimes I lost, sometimes I earned. As a result, I developed my own method - just trade, set a profit target, and stop when you start losing money." - For many people, the most difficult part is to stop in due time. Don't you mind to part with the money in such cases? - we ask Sarinya. - I have no passion for money, as I do not strive to make a lot of money quickly. I do not at all expect to become a millionaire with the help of Forex," - Sarinya smiles. - As I said, I just want to have extra earnings. - And you are great at this: just in a few weeks’ time, having started from $ 35, to turn them into $ 2500 is an outstanding result, frankly speaking. - Yes, I learned about NordFX from the partner of this company - Miss Tip. At first, I got used to the platform, and then I began to trade. - And what are your impressions? - Everything is fine, including withdrawing funds: - all goes quickly and without problems. - As far as we know, you do not use expert advisors, you trade on your own, "manually". But such a trade takes a lot of time. What do your family and friends think about this? "Well, since I'm making money, they do not mind me doing this." - If it's not a secret, having received $ 2500 from NordFX, how will you spend it? Will you have a big family dinner, go shopping or spend the money on anything else? "I'll spend it on something else," Sarinya smiles again. - Simply put, I will use it for further trading on Forex. - And the last question: what advice do you have for beginning traders? - Nothing special. One just needs to learn more and trade more! #forex #broker #nordfx #cryptocurrencies #bitcoin #profit https://nordfx.com/
  10. Forex Forecast and Cryptocurrencies Forecast for April 09 - 13, 2018 First, a review of last week’s forecast: - The forecast for EUR/USD turned out to be generally correct: the pair did not go beyond the 2018 mid-term side channel, going down in anticipation of data on NFP, only to the level of 1.2217. As expected, the Nonfarm payroll sagged significantly, more than three times compared to the values of the previous month, to which the pair could not help reacting. However, the reaction was fairly calm: the dollar lost just 60 points to the euro, after which the pair completed the week in the strong support/resistance zone 1.2280; - GBP/USD. The main forecast for this pair was a sideways trend, in the narrow framework of which the pair stayed for the first half of the week. Thursday and Friday brought some volatility, but as a result, the five days change was only about 70 points, and the pair froze at 1.4085; - The forecast, made by the majority of experts for USD/JPY, was absolutely correct. 55% of them were sure that the uptrend will continue, and the pair will rise to 107.30. And this was what happened - it rose to the level of 107.48, which, taking into account the standard backlash, is almost a 100% hit. As for the end of the five-day period, the pair completed it 60 points below the weekly maximum, at 106.88; - Cryptocurrencies, just like most major currency pairs, spent all the time in a sideways trend. It seemed in the middle of the week that the bulls took over, and the long-awaited growth of bitcoin, ethereum and other altcoins finally, started. But ... the pairs returned to the values of the beginning of the week. So, the result of the past seven days can be considered inconclusive both for the bulls and for the bears. 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. Graphical analysis on D1 believes that the pair completed the previous five-day period in the Pivot Point zone of the side channel, in which it will stay for the next few days. The boundaries of the channel are 1.2215 and 1.2355. The most likely breakthrough is to the south and a decline to zone 1.2090-1.2150. Almost 65% of experts agree with such a scenario, supported by indicators on D1. As for the remaining 35% of analysts and indicators on H4, in their view, the dollar's weakness caused by the data on the US labor market will continue, and the pair will rise to the level of 1.2355-1.2415; - The main forecast for the GBP/USD is as follows: possible (but not compulsory) small growth to resistance 1.4125, and then falling first to support in the 1.4000 zone, and, in case of its breakdown, a decline to 1.3915-1.3965 zone. This forecast is supported by almost 75% of experts, graphical analysis on D1, as well as about 15% of oscillators signaling the pair is overbought. Only a quarter of analysts agree with the positive outlook and the growth of the pair to 1.4200-1.4240; - USD/JPY. With a high degree of probability, the mid-term lateral trend which began in mid-February this year, will continue. The only question is a more precise definition of its boundaries. The bulls are supported by about 65% of analysts who expect the pair to rise to the horizon at 108.00. As for the bears, their immediate goal is the level 105.65. In case the dollar continues to lose its positions, the pair may drop to support 105.25 and even another 60 points lower; - As for cryptocurrencies, it is useless to try to determine the exact levels, considering their super-high volatility. One can only talk about the direction of trends and approximate targets. In the coming week, experts expect that the bulls' efforts will still be rewarded, and starting Monday, April 09, the main pairs may expect growth, although small and temporary, BTC/USD: rise to 7,820-8,360. For the ETH/USD, the target is the zone 440-511, LTC/USD: 155-175, XRP/USD: 0.56-0.67. Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000. Also, you can just invest in cryptocurrencies on favorable terms. Deposit and withdrawal of funds in USD, bitcoins and ethereums. 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/
  11. Forex Forecast and Cryptocurrencies Forecast for April 02 - 06, 2018 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. Dear traders, brokerage company NordFX offers you the opportunity to earn both on growth and on the fall of cryptocurrencies, using a leverage ratio of up to 1:1000. Deposit and withdrawal of funds in USD, bitcoins and Ethereums. 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/
  12. Forex Forecast and Cryptocurrencies Forecast for March 26 - 30, 2018 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/
  13. Deposit and Withdrawal of Funds in Ethereum (ETH) 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 https://nordfx.com/
  14. Forex Forecast and Cryptocurrencies Forecast for 19-23 March 2018 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 https://nordfx.com/
  15. Forex Forecast and Cryptocurrencies Forecast for 05 – 09 March, 2018 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. Is high leverage bad or good? This is a debate that has been carrying on for many years now. Last week, the volatility of the major cryptocurrency pairs was low, which disappointed traders accustomed to profiting on strong fluctuations of virtual currencies. However, one can profit even in such flats, if one makes use of the unrivalled leverage ratio of 1: 1000 offered at NordFX 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/
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