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July 23, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 24 - 28 July 2017

First, a review of last week’s forecast:

The main view on EUR/USD was that it would break through1.1500 and grow to the 2016 high at 1.1615. The next target would then be the maximum of August 2015: 1.1715. The main impetus for the pair's upswing was given by the head of the ECB Mario Draghi, who said on Thursday that the euro zone stimulus program (QE) will not end and will remain unchanged. Against the background of these comments, the euro's exchange rate against the dollar jumped by 0.5%, and the pair reached the height of 1.1680 by the end of the week session...

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July 16, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 - 21 July 2017

To begin with, a few words about the forecast for the previous week, which ended up being almost 100% correct for EUR/USD, GBP/USD and USD/JPY.

– Recall that the overwhelming majority (70%) of experts and almost 100% of indicators voted for the growth of the EUR/USD. 1.1500 was named the main target. As for the remaining analysts, they thought lateral movement would dominate last week.

The pair worked on both scenarios. First, as predicted, leaning on the support of 1.1380, it rushed up and reached the height of 1.1490 on Wednesday. Then it rolled back to the support zone, turned around and rushed up again, finishing the five-day period in the zone of 1.1470...

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July 9, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 10 - 14 July 2017

First, a review of last week’s forecast:

– EUR/USD. As a result of a powerful breakthrough in late June, the pair reached the upper boundary of the side channel in which it has been moving for more than two years since the winter of 2015. It was this that gave reason to expect the pair to fall. Recall that this scenario was supported by 35% of experts and the quarter of the oscillators who signaled it was overbought. The level 1.1300 was named as the local minimum, and the pair reached it on Wednesday (1.1312). Having fulfilled this task ahead of schedule, it returned to the upper border of the channel and finished the week near 1.1400...

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July 2, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 03 - 07 July 2017

To begin with, a few words about the forecast for the previous week, which was a week full of speeches by senior Central Bankers globally. Forex trends were influenced by the ECB head Mario Draghi, as well as his colleagues from the Bank of England Mark Carney and Bank of Japan Haruhiko Kuroda. It goes without saying that the week would not be complete without the statements of the head of the US Federal Reserve, Janet Yellen.

– EUR / USD. The past week clearly showed that the opinion of the majority is not necessarily correct. Recall that, even though about 90% indicators on H4 voted for the growth of the pair, this forecast was supported by only about 10% of analysts. In their opinion, the pair had to first rise to the resistance at 1.1285, and then even higher to 1.1400. This is what happened - the pair was firmly entrenched in the zone 1.1390-1.1445 by the end of the five-day period...

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June 26, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 26 - 30 June 2017

First, a review of last week’s forecast: the holiday season is approaching, which may be the cause of the diminishing stream of significant economic events. This necessarily affects the volatility of the major currency pairs, which have come close to the targets indicated by analysts, without having successfully overcome them.

– Thus, last week, the maximum range of the EUR/USD fluctuations hardly exceeded 90 points. Recall that 75% of our experts had assumed that the pair should descend to the support at 1.1100. Allowing for the standard backlash, that was what happened: the week's low was fixed at 1.1118. However, the bears' strength then dried up, and the bulls returned the pair to the same place from where it had started the five-day period...

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June 19, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 19 - 23 June 2017

First, a review of last week’s forecast:

– It had been clear that the main moves for EUR/USD would begin on Wednesday 14 June, when the US Federal Reserve would officially announce a rate increase. Everyone was ready for this. What no one ...

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June 12, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 12 - 16 June 2017

First, a review of last week’s forecast:

– Let us recall that in the forecasts regarding EUR/USD, most experts (70%), supported by graphical analysis on H4, spoke about the possible decline of the pair to 1.1100. The forecast proved correct ...

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June 5, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 05 - 09 June 2017

First, a review of last week’s forecast:

– The previous forecast for EUR/USD turned out to be quite accurate when it came to trends, but the pair’s volatility turned out to be more modest than expected. Recall that 60% of experts predicted the ...

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May 28, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for May 29 - June 2, 2017

First, a review of last week’s forecast:

– As we wrote last time, whilst experts and technical analysis make predictions, it is politicians that make reality. The President of the United States Donald Trump spent the past week in Europe, causing the ...

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May 22, 2017

Profits for transactions with basic currencies for April 2017

The graph shows the profit that an investor could have received in the Forex market, on just one transaction during April 2017, having opened the position on 1 April and closed it at the end of the month on 30 April.

High profitability would have been achieved if the transaction was opened in the right direction (sell, buy) and 100% of the deposit was involved, with the maximum leverage NordFX provides its customers with, namely of 1: 1000.

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May 22, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 22 - 26 May 2017

But first, a few words about what happened last week:

Experts and technical analysis make predictions. Politicians shape reality and last week made this very clear. The last few days "presented" the world with several scandals related to US President Donald Trump. 

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May 15, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 15 - 19 May 2017

First, a review of last week’s forecast:

– Recall that the experts' forecasts regarding the behaviour of EUR/USD in the short and medium term were fully opposed. Thus, in the first case, most of them favoured the growth of the ...

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May 9, 2017

Profits for transactions with basic currencies in 2016

The graph shows the profit that the investor could receive in the Forex market, having completed only one transaction in 2016 - having opened the position on January 1 and having closed it on December 31.

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May 7, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 08 - 12 May 2017

First, a review of last week’s forecast:

– Recall that the experts’ opinions on EUR/USD a week ago were divided almost equally: 35% supported the growth of the pair, 30% voted for its fall and 35% foresaw a sideways trend.

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May 1, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 01 - 05 May 2017

First, a review of last week’s forecast:

– When giving the forecast for EUR/USD, 35% of experts and indicators on D1 insisted that it should return to the highs of February and March 2017. This is what happened in response to the first round of the ... 

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April 23, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 24 - 28 April 2017

First, a review of last week’s forecast:

– In the opinion of almost half of the experts (40%), supported by graphical analysis on H4, the pair EUR/USD, which has been moving in the medium-term rising channel that began in December 2016 ...

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April 16, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 17 - 21 April 2017

First, a review of last week’s forecast:

– Seeing that EUR/USD had been oversold, both analysts and technical analysis expected it to bounce up, which is what happened. However, the bullish force in this case was only powerful enough to lift the pair ...

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April 9, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 10 - 14 April 2017

First, a few words about the forecast for the previous week, which has been fulfilled if not by 100, then by 90 percent for all four pairs:

– Regarding the forecast for EUR/USD, it proved to be 100% accurate. Recall that over 80% of experts voted ...

 

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April 2, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 03 - 07 April 2017

First, a review of last week’s forecast:

– The forecast for EUR/USD proved to be 100% accurate. Recall that the main scenario we laid out was the following: the pair’s continued growth was seen to be entirely possible albeit negligible in magnitude.

 

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March 26, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 27 - 31 March 2017

First, a review of last week’s forecast:

– Speaking of the EUR/USD last week, analysts were not able to give a clear forecast. Indeed, the pair behaved quite sluggishly, and neither the meeting of the ECB, nor the speech of the Head of the Fed ...

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March 19, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 20 - 24 March 2017

First, a review of last week’s forecast:

– The first part of the forecast for EUR/USD talked about the fall of the pair to 1.0600, which ended up happening by Tuesday evening. The fate of its future, as had been expected, was determined ...

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March 14, 2017

Long living signals: NordFX analyst comments on what kind profit is better: 300% per month or 300% per year

The benefits, as well as the flaws, of the signal copying service are obvious to all.

The main advantages include the ability to trade successfully in the Forex market. This applies even to those people who lack either the experience or simply the spare time for this. The main drawback, however is the difficulty in selecting a signal appropriate for bringing a stable income over a long period of time, instead of leading to a complete loss of the deposit.

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March 12, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 13 - 17 March 2017

First, a review of last week’s forecast:

– Even though the ECB decided to leave the interest rate unaltered and the number of new jobs outside the agricultural sector in the United States remained virtually unchanged ...

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March 6, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 06 - 10 March 2017

First, a review of last week’s forecast:

EUR/USD. Many top traders have complained, with these complaints even being audible in the media, that there is a distinct lack of clear trends for this pair. They are right: it has been impossible to identify a winner ...

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February 26, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 27 February - 03 March 2017

First, a review of last week’s forecast:

Recall that, when giving the medium-term forecast more than 70% of analysts voted for the strengthening of the dollar and the fall of EUR/USD. They were actively supported by trend indicators and oscillators on D1.

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February 20, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 20 - 24 February 2017

First, a review of last week’s forecast:

– Recall that when predicting the future of EUR/USD, the vast majority of analysts, supported by indicators, voted in favour of the continuation of the downtrend and the decline of the pair to the 1.0500 zone.

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February 13, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 13 - 17 February 2017

First, a few words about the forecast for the previous week, which proved almost 100% accurate:

– As it often happens, the medium-term forecast jumps ahead of the short-term one. Thus, in the case of EUR/USD, we saw the breakdown of the January uptrend’ lower boundary somewhat earlier than ...

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February 5, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 06 - 10 February 2017

First, a review of last week’s forecast:

– Despite the fact that the past week was filled with important economic events, it failed to deliver any big surprises. The uptrend of the pair EUR/USD, the start of which was precisely on New Year's night 2017 ...

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January 29, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 30 January - 3 February 2017

First, a review of last week’s forecast:

 The majority of analysts and graphical analysis on D1 had expected the EUR/USD pair to decline to the 1.0500 level and then to return to its Pivot Point at 1.0650. However, the pair stayed within a narrow ...

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January 23, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY, and USDCHF for 23-27 January 2017

First, a review of last week’s forecast:

– The main forecast for the EUR/USD pair had said that early in the week the pair could rise to 1.0685 or even higher to the 1.0700-1.0800 area. This is what happened in reality. By just Tuesday, the ...

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