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Guest Julia NordFX

Forex Forecast for 21-25 December 2015

First, a review of last week’s forecast:

- the scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher;

- the experts suggested that GBP/USD would be moving in a sideways channel of 1.4900-1.5250. It did happen – the pair pushed off the top boundary of the channel on Monday, went down decisively and came to a standstill at the bottom boundary of 1.4893 Friday night;

- the analysts were right about USD/JPY. In their opinion, the level of 120.00 was supposed to become very strong support, pushing off which the pair was to surge to resistance at 122.20 and then to 123.20. The latter level was reached on Friday thanks to the Bank of Japan's decision about its interest rate;

- there were varied opinions regarding USD/CHF again – some experts and indicators voted for a rise while others for a fall. The pair did just that – first, it went up a little, then dropped, then rose again and ended up 100 points higher in one week, although it doesn’t qualify yet as a full-on upward reversal.

Forecast for the upcoming week.

Summarizing the opinions of analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be put forward:

- most experts, with the indicators staying neutral, continue to insist on EUR/USD’s return to the values of the second half of November. At the same time, graphical analysis on H4 elaborates that the pair may first try to break resistance at 1.0900 but after one or two unsuccessful attempts it will go down to support at 1.0700. The next support is 100 points lower;

- as for GBP/USD, all indicators clearly point downward. Being aware of the upcoming Christmas holidays unlike the indicators, the analysts predict the pair will transition into a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point. Graphical analysis on D1 supports them and indicates further bearish sentiment;

- the experts and graphical analysis on H4 reckon that USD/JPY will move sideways within 120.30-122.20. At the same time, the indicators on H4 and D1 point to the bears’ upper hand and insist that the pair won’t be able to break even the first resistance at 121.70;

- the general forecast for USD/CHF remains the same – back to around 1.0000. The experts, the indicators on D1 and graphical analysis agree with this. The immediate target is resistance at 1.0100. The next resistance is around 1.0150, support remains at 0.9800.

Roman Butko, NordFX

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Guest tifagabe

Forex Forecast for 21-25 December 2015

First, a review of last week’s forecast :

  • the scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher;
  • the experts suggested that GBP/USD would be moving in a sideways channel of 1.4900-1.5250. It did happen – the pair pushed off the top boundary of the channel on Monday, went down decisively and came to a standstill at the bottom boundary of 1.4893 Friday night;
  • the analysts were right about USD/JPY. In their opinion, the level of 120.00 was supposed to become very strong support, pushing off which the pair was to surge to resistance at 122.20 and then to 123.20. The latter level was reached on Friday thanks to the Bank of Japan's decision about its interest rate;
  • there were varied opinions regarding USD/CHF again – some experts and indicators voted for a rise while others for a fall. The pair did just that – first, it went up a little, then dropped, then rose again and ended up 100 points higher in one week, although it doesn’t qualify yet as a full-on upward reversal.



Forecast for the upcoming week.
Summarizing the opinions of analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be put forward :

  • most experts, with the indicators staying neutral, continue to insist on EUR/USD’s return to the values of the second half of November. At the same time, graphical analysis on H4 elaborates that the pair may first try to break resistance at 1.0900 but after one or two unsuccessful attempts it will go down to support at 1.0700. The next support is 100 points lower;
  • as for GBP/USD, all indicators clearly point downward. Being aware of the upcoming Christmas holidays unlike the indicators, the analysts predict the pair will transition into a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point. Graphical analysis on D1 supports them and indicates further bearish sentiment;
  • the experts and graphical analysis on H4 reckon that USD/JPY will move sideways within 120.30-122.20. At the same time, the indicators on H4 and D1 point to the bears’ upper hand and insist that the pair won’t be able to break even the first resistance at 121.70;
  • the general forecast for USD/CHF remains the same – back to around 1.0000. The experts, the indicators on D1 and graphical analysis agree with this. The immediate target is resistance at 1.0100. The next resistance is around 1.0150, support remains at 0.9800.




Roman Butko, NordFX

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NordFX available in all leading social networks and forums to continue to provide a variety of information, extensive discussion, world financial news, analyst and market review by experts, exciting competitions with many and cool prizes.

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I have been trading with NordFX since 2009 till today and never have faced any trouble. Their support service and platforms are very reliable and good. Most traders care about the withdrawal, which I found they are very fast, platform is accurate and fast, that’s the reason I love NordFX for forex trading services. We highly recommended NordFX for you.

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How to be come Partners/IB in Nord FX?

To become a Partners/IB NordFX you have to do 2 simple steps!

1. Open a Trading Account USD (Micro, Standard or MT-ECN). *
2. Get IB status, your affiliate link and promo materials in order to attract clients by filling out the Affiliates form at Trader Cabinet. **

* You can also use the same account to trade.

** You must verify your account (upload scanned ID/passport and make sure your name and address in accordance with that which you are registered). Fill out the form in accordance with the directions on the Trader's Cabinet.

Open Account Partne/IB Now!!!

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Guest Julia NordFX

Forex Forecast for 28-31 December 2015

First, a review of last week’s predictions:

- graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair saw Christmas at 1.0950 resistance;

- the analysts were right saying that GBP/USD would enter a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point and bearish sentiment at the beginning of the week. The forecast panned out – a brief clash between the bears and the bulls around the pivot point was decisively won by the former, and the pair crashed by 100 points. However, it quickly returned to the pivot point and rose even higher – to the top boundary of the said corridor;

- the forecast for USD/JPY proved correct. As expected, the bears won in this case. The pair couldn’t even break through the first resistance at 121.70 and went down to the bottom boundary of the corridor at 120.30 where it stayed until market closure;

- the USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900.

Forecast for the Coming Week

It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being:

- as for EUR/USD, all indicators on H4 and 72% of them on D1 point strictly upward. The remaining indicators and graphical analysis, supported by the bears, persistently push the pair down. The end of the week will show which scenario is right. However, the pair is quite likely to stay within 1.0800-1.1000 till the end of 2015;

- graphical analysis and 50% of the indicators on H4 as well as 17% of the indicators on D1 point to GBP/USD’s rise to resistance at 1.5040. The rest of the indicators and graphical analysis on D1 claim that the pair will go down to support at 1.4740 with strong resistance at 1.4930. As the week starts precisely from this level, it should be clearer on Monday which of the trends will prevail in the coming days;

- all indicators point downward for USD/JPY. However, graphical analysis on H1, H4 and D1 indicates that the pair will try to recover last week’s losses – first, it will return to resistance at 121.15, then rebound to support at 120.25 and again go up to 121.45;

- according to graphical analysis, 0.9850 will become support for USD/CHF. The pair will move up from there – first to 1.0000 and then to its main target of 1.0100, turning 1.0000 into support. The indicators differ here, though – all of them on H4 and 67% on D1 vote for USD/CHF’s fall. If the pair drops below the support level of 0.9850, it will hit the bottom around 0.9800 very quickly.

Roman Butko, NordFX

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Guest Julia NordFX

Forex Forecast for 28-31 December 2015

First, a review of last week’s predictions:

- graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair saw Christmas at 1.0950 resistance;

- the analysts were right saying that GBP/USD would enter a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point and bearish sentiment at the beginning of the week. The forecast panned out – a brief clash between the bears and the bulls around the pivot point was decisively won by the former, and the pair crashed by 100 points. However, it quickly returned to the pivot point and rose even higher – to the top boundary of the said corridor;

- the forecast for USD/JPY proved correct. As expected, the bears won in this case. The pair couldn’t even break through the first resistance at 121.70 and went down to the bottom boundary of the corridor at 120.30 where it stayed until market closure;

- the USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900.

Forecast for the Coming Week

It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being:

- as for EUR/USD, all indicators on H4 and 72% of them on D1 point strictly upward. The remaining indicators and graphical analysis, supported by the bears, persistently push the pair down. The end of the week will show which scenario is right. However, the pair is quite likely to stay within 1.0800-1.1000 till the end of 2015;

- graphical analysis and 50% of the indicators on H4 as well as 17% of the indicators on D1 point to GBP/USD’s rise to resistance at 1.5040. The rest of the indicators and graphical analysis on D1 claim that the pair will go down to support at 1.4740 with strong resistance at 1.4930. As the week starts precisely from this level, it should be clearer on Monday which of the trends will prevail in the coming days;

- all indicators point downward for USD/JPY. However, graphical analysis on H1, H4 and D1 indicates that the pair will try to recover last week’s losses – first, it will return to resistance at 121.15, then rebound to support at 120.25 and again go up to 121.45;

- according to graphical analysis, 0.9850 will become support for USD/CHF. The pair will move up from there – first to 1.0000 and then to its main target of 1.0100, turning 1.0000 into support. The indicators differ here, though – all of them on H4 and 67% on D1 vote for USD/CHF’s fall. If the pair drops below the support level of 0.9850, it will hit the bottom around 0.9800 very quickly.

Roman Butko, NordFX

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Guest tifagabe

Forex Forecast for 28-31 December 2015

First, a review of last week’s predictions :

  • the scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher;
  • the experts suggested that GBP/USD would be moving in a sideways channel of 1.4900-1.5250. It did happen – the pair pushed off the top boundary of the channel on Monday, went down decisively and came to a standstill at the bottom boundary of 1.4893 Friday night;
  • the analysts were right about USD/JPY. In their opinion, the level of 120.00 was supposed to become very strong support, pushing off which the pair was to surge to resistance at 122.20 and then to 123.20. The latter level was reached on Friday thanks to the Bank of Japan's decision about its interest rate;
  • there were varied opinions regarding USD/CHF again – some experts and indicators voted for a rise while others for a fall. The pair did just that – first, it went up a little, then dropped, then rose again and ended up 100 points higher in one week, although it doesn’t qualify yet as a full-on upward reversal.



Forecast for the Coming Week.
It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being :

  • as for EUR/USD, all indicators on H4 and 72% of them on D1 point strictly upward. The remaining indicators and graphical analysis, supported by the bears, persistently push the pair down. The end of the week will show which scenario is right. However, the pair is quite likely to stay within 1.0800-1.1000 till the end of 2015;
  • graphical analysis and 50% of the indicators on H4 as well as 17% of the indicators on D1 point to GBP/USD’s rise to resistance at 1.5040. The rest of the indicators and graphical analysis on D1 claim that the pair will go down to support at 1.4740 with strong resistance at 1.4930. As the week starts precisely from this level, it should be clearer on Monday which of the trends will prevail in the coming days;
  • all indicators point downward for USD/JPY. However, graphical analysis on H1, H4 and D1 indicates that the pair will try to recover last week’s losses – first, it will return to resistance at 121.15, then rebound to support at 120.25 and again go up to 121.45;
  • according to graphical analysis, 0.9850 will become support for USD/CHF. The pair will move up from there – first to 1.0000 and then to its main target of 1.0100, turning 1.0000 into support. The indicators differ here, though – all of them on H4 and 67% on D1 vote for USD/CHF’s fall. If the pair drops below the support level of 0.9850, it will hit the bottom around 0.9800 very quickly.




Roman Butko, NordFX

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We recommend NordFX for your success trading ?

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NordFX has received four awards from Masterforex-V Academy


We’re very pleased to announce that NordFX has received four awards from Masterforex-V Academy for 2015:

  • Grand Prix – World Best Forex Broker
  • World Best Micro Broker
  • World Best ECN Broker
  • World Best Broker for Copy Trading


According to the awards organizers, “It’s noteworthy that NordFX has been voted World Best Micro Broker four years in a row, which is an all-time record in the history of the awards. No other broker has been able to achieve this.

We are exceedingly grateful to the expert panel and all traders for their appreciation of our work and are entering 2016 with renewed motivation to make trading even more convenient, secure and profitable for our customers!

And We wish you a very happy and bright New Year!

Thank you for choosing NordFX, and we look forward to successful partnership in 2016. We’ll continue to make every effort to help you reach greater financial heights and independence.

May good fortune, prosperity and a sense of well-being fill the coming year for you!


NordFX Team

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NordFX is a licensed and regulated international broker.

Trade in NordFX with fully satisfied quality services and server.


nrdnew_zpsvn6zf56o.png


Company registration: Nord Group Investments Inc., (reg.# 082831 C1/GBL), Mauritius


Regulation: FSC of Mauritius (license No C108006311), IFSC Belize.


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NordFX is a licensed and regulated international broker.
Trade in NordFX with fully satisfied quality services and server.

nrdnew_zpsvn6zf56o.png

Company registration: Nord Group Investments Inc., (reg.# 082831 C1/GBL), Mauritius

Regulation: FSC of Mauritius (license No C108006311), IFSC Belize.

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Guest Julia NordFX

Forex Forecast for 4-8 January 2016

First, a review of last week’s forecast:

- despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015;

- there were differing opinions about GBP/USD as well. With that, 50% of the indicators on H4 and 83% of the indicators and graphical analysis on D1 claimed that 1.4930 would be too strong of resistance and the pair would go down to support at 1.4740. This forecast also proved 100% correct – GBP/USD went down at once and saw in the new year at 1.4733;

- the forecast for USD/JPY was multiple fluctuations in the range of 120.25-121.45. It did transpire, although the oscillations were not as large as expected – the pair bounced off the said support range a few times but never managed to get over 120.65;

- graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%.

For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :)

Forecast for the upcoming week:

- as for EUR/USD, 90% of the indicators on H4 and D1 and graphical analysis on the daily interval confidently show that the pair will continue to fall to support at 1.0515 or somewhat further to the March low of 1.0450. At the same time, graphical analysis on H1 warns that before starting the fall, the pair can briefly rise to resistance at 1.0900;

- graphical analysis on all time frames indicates that early in the week GBP/USD should rise to 1.4800 and then by another 100-150 points. After this, the pair will move downward to last April’s low of 1.4555. However, this fall is not expected until mid-January;

- for USD/JPY, both indicators and graphical analysis on H4 imply some advantage for the bears. According to their readings, the pair will continue to move down but insignificantly – to support at 119.70. The main resistance will be 120.40;

- all indicators point upwards for USD/CHF. Graphical analysis predicts the pair will rise to 1.0070 at the start of the week and then return to the 0.9850 support level.

Roman Butko, NordFX

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Guest Julia NordFX

Forex Forecast for 4-8 January 2016

First, a review of last week’s forecast:

- despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015;

- there were differing opinions about GBP/USD as well. With that, 50% of the indicators on H4 and 83% of the indicators and graphical analysis on D1 claimed that 1.4930 would be too strong of resistance and the pair would go down to support at 1.4740. This forecast also proved 100% correct – GBP/USD went down at once and saw in the new year at 1.4733;

- the forecast for USD/JPY was multiple fluctuations in the range of 120.25-121.45. It did transpire, although the oscillations were not as large as expected – the pair bounced off the said support range a few times but never managed to get over 120.65;

- graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%.

For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :)

Forecast for the upcoming week:

- as for EUR/USD, 90% of the indicators on H4 and D1 and graphical analysis on the daily interval confidently show that the pair will continue to fall to support at 1.0515 or somewhat further to the March low of 1.0450. At the same time, graphical analysis on H1 warns that before starting the fall, the pair can briefly rise to resistance at 1.0900;

- graphical analysis on all time frames indicates that early in the week GBP/USD should rise to 1.4800 and then by another 100-150 points. After this, the pair will move downward to last April’s low of 1.4555. However, this fall is not expected until mid-January;

- for USD/JPY, both indicators and graphical analysis on H4 imply some advantage for the bears. According to their readings, the pair will continue to move down but insignificantly – to support at 119.70. The main resistance will be 120.40;

- all indicators point upwards for USD/CHF. Graphical analysis predicts the pair will rise to 1.0070 at the start of the week and then return to the 0.9850 support level.

Roman Butko, NordFX

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Guest tifagabe

Forex Forecast for 4-8 January 2016

First, a review of last week’s forecast :

  • despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015;
  • there were differing opinions about GBP/USD as well. With that, 50% of the indicators on H4 and 83% of the indicators and graphical analysis on D1 claimed that 1.4930 would be too strong of resistance and the pair would go down to support at 1.4740. This forecast also proved 100% correct – GBP/USD went down at once and saw in the new year at 1.4733;
  • the forecast for USD/JPY was multiple fluctuations in the range of 120.25-121.45. It did transpire, although the oscillations were not as large as expected – the pair bounced off the said support range a few times but never managed to get over 120.65;
  • graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%.



For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :)

Forecast for the upcoming week.

  • as for EUR/USD, 90% of the indicators on H4 and D1 and graphical analysis on the daily interval confidently show that the pair will continue to fall to support at 1.0515 or somewhat further to the March low of 1.0450. At the same time, graphical analysis on H1 warns that before starting the fall, the pair can briefly rise to resistance at 1.0900;
  • graphical analysis on all timeframes indicates that early in the week GBP/USD should rise to 1.4800 and then by another 100-150 points. After this, the pair will move downward to last April’s low of 1.4555. However, this fall is not expected until mid-January;
  • for USD/JPY, both indicators and graphical analysis on H4 imply some advantage for the bears. According to their readings, the pair will continue to move down but insignificantly – to support at 119.70. The main resistance will be 120.40;
  • all indicators point upwards for USD/CHF. Graphical analysis predicts the pair will rise to 1.0700 at the start of the week and then return to the 0.9850 support level.




Roman Butko, NordFX

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NordFX – Best Broker of Asia in IAFT Awards 2015

The International Association of Forex Traders (IAFT) has announced the IAFT Awards winners for 2015. NordFX has been voted Best Broker of Asia.

The selection went for a month from 1st to 30th December 2015, and every visitor of the awards website could vote for leaders of the Forex industry in 17 categories.

We’re very thankful to all traders and experts for the trust and support extended to NordFX! We’ll certainly continue to maintain our high standards and improve the quality of service for our clients in Asia and other regions.

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NordFX have the best Trader Cabinet. Balance on MT4 (for transactions) can be separated with Balance Trader Cabinet (to save or withdrawal). It will teaches and helps us to better Financial Management in Online Forex Trading Business

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MT4 account is opened automatically, immediately after filling in the registration form. All MT4 deposits and withdrawals are made automatically in real-time regime.

  • Trader Cabinet Balance : balance for saving or withdrawal.
  • MT4 Balance : balance for transaction on MetaTrader 4 platform.
  • Binary Option Balance : balance for transaction on Binary Option platform.



All deposit and withdrawal from/to MT4 are process with Instant.

In NordFX You do not have to worry about your withdrawal disturbed by transactions in MetaTrader because transaction and withdrawal funds will be separate on your NordFX trader cabinet.

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NordFX already using MetaTrader 5 Trading Platform on a real account.

Open an account Standard-MT5 with NordFX and you can use MetaTrader 5 Trading Platform.

Trading Condition Standard-MT5 :

  • $50 minimum deposit;
  • 37 currency pairs;
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  • Leverage up to 1:200;
  • Minimal lot 0.1;
  • Maximum lot 50, step 0.1;
  • Maximum volume of positions - no limits;
  • Maximum number of open positions and pending orders - no limits;
  • Automatic trading is allowed;
  • No trading limits;
  • Level of margin call /stop out 40%/20%*



*an hour before market closing margin call/stop out levels can be increased up to 200%. Please be careful with positions that you leave for weekend.


Open Standard-MT5 Account!

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Guest Julia NordFX

Forex Forecast for 11-15 January 2016

First, about the forecast for the past week:

- the forecast for EUR/USD was fully implemented during the first half of the week. According to graphical analysis, the pair first rose to resistance at 1.0900 and then went down, losing 200 points quite quickly. After that, considering the situation on stock markets, the pair returned to 1.0925, recovering the same 200 points;

- it was assumed that after a certain rise, GBP/USD should reach a low of 1.4555 by mid-January. Nonetheless, this happened a week earlier as the pair arrived there last Friday;

- the forecast for USD/JPY turned out correct only in terms of the trend direction. Both indicators and graphical analysis implied some advantage for the bears but no one expected that it would be so big – instead of the expected 70-100 points, the dollar lost all 300 points;

- the prediction for USD/CHF was also 100% correct in regards to the trend direction. The pair was supposed to rise to 1.0700 at the start of the week and then return to the 0.9850 support level. However, developments on stock markets sharply increased the pair’s volatility, and, as a result, it was able to get up to 1.0123 and then went down to support at 0.9923.

Forecast for the coming week.

Summarizing the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be put forward:

- on their return from holidays, the analysts predict a sideways trend for EUR/USD in a 1.0750-1.1000 range. Graphical analysis on H1 agrees with this, predicting first a rebound from the upper boundary, a drop and again a return to the upper levels of the range. On larger timeframes, graphical analysis of D1 and 67% of the indicators on W1 continue to insist on the pair's drop at least to around 1.0450-1.0515 within 10-14 days;

- it’s quite clear that all indicators point downward for GBP/USD. However, graphical analysis on all timeframes and most experts agree that the pair has already reached its local bottom and will be oscillating around a 1.4500 pivot point during the week. The main support is at 1.4450, resistance – 1.4600;

- according to the analysts and the readings of graphical analysis, the USD/JPY pair has also hit its local low and is expected to enter a sideways trend in a 117.20-119.50 range. The pivot point will be at 117.90, and, in line with graphical analysis on H4, the pair should rise over this level in the first half of the week and drop to last Friday’s values by the end of the week;

- the scenario of the second half of December may replay for USD/CHF. At least, it’s echoed by the analysts as well as the indicators and graphical analysis on D1. According to this forecast, the pair will be fluctuating within a wide range from 0.9800 to 1.0100. In the short run, graphical analysis on H4 expects the pair to rebound from support at 0.9920 and move to resistance at 1.0015, after which the pair should go down again, bounce off the said support level and try to break through resistance in an effort to reach 1.0050.

Roman Butko, NordFX

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