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    GENERALIZED FOREX FORECAST FOR 17-21 NOVEMBER 2014

    Post  NordFX Sage on Tue Nov 18, 2014 4:53 am

    Generalizing the opinions of 35 analysts from world leading banks and broker companies collected in the table as well as forecasts based on most different methods of technical and graphical analysis, the following can be concluded:
    - for the period of 17-21 November, the EUR/USD pair will once again be testing the level of 1.2400, although at the start of the week a small rise to 1.2550 is possible;
    - concerning GBP/USD, we can predict a sideways trend with sliding downwards to the level of 1.5580. At the same time, graphical analysis indicates there may be a short hike to 1.5725;
    - the USD/JPY pair is probably going to duplicate its behavior in the previous two weeks, strengthening the dollar by another 100-120 points and reaching the level of 117.30;
    - opinions regarding the USD/CHF pair diverge. An attempt to sum them up points to a sideways movement with quite strong volatility and a downward tendency to 0.9550.


    As for last week’s forecast:
    - the EUR/USD outlook was confirmed only partly. However, if any traders didn’t win by taking it into account, they at least should not have lost either. To recap, for 10-14 November analysts predicted a sideways trend with a small slump while indicators unanimously pointed downwards. As predicted, already by Monday-Tuesday the pair tried to break through the level of 1.2400 and then repeated this attempt on Friday, both times unsuccessfully. As a result, EUR/USD finished the week exactly in the range of the predicted rebound 1.2510-1.2540;
    - as for GBP/USD, the opinions of both analysts and indicators were unequivocal – downwards and only downwards to the level of 1.5760, which is what happened with 100% accuracy;
    - the USD/JPY pair was predicted to repeat the scenario of the first week of November – a sideways movement with definite growth. If you compare the weekly charts, you will see that they practically repeat each other;
    - finally, USD/CHF nearly mirrored the behavior of EUR/USD – it got close to its goal of 0.9700 twice but near the very end of Friday it rolled down to last week’s minimum due the news from the USA.

    Roman Butko, NordFX

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    GENERALIZED FOREX FORECAST FOR 24-28 NOVEMBER 2014

    Post  NordFX Sage on Tue Nov 25, 2014 4:29 am

    Generalizing the opinions of 35 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 concluded:
    - 24-28 November, while securing itself at 1.2400, the EUR/USD pair will be in a sideways trend. At the same time, a fall to the 1.2350 mark is possible;
    - a sideways trend can also be predicted for GBP/USD with strengthening volatility in the corridor of 1.5575-1.5720 towards the middle of the week;
    - the USD/JPY pair, most probably, will once again strive to get to the level of 118.75-119 after which a retreat to 115.70 will follow;
    - and finally, after several weeks of deliberation both analysts and indicators have reached the consensus that USD/CHF will continue moving upwards to at least 0.9740.

    As for last week’s forecast:
    - the general outlook for EUR/USD was fully confirmed. Both the predicted growth at the start of the week and the fall to the level of 1.2400 occurred. Although the upper boundary of the range turned out to be slightly higher than the calculated one (1.2550), we can say that the pair worked within the prescribed limits, finishing the week with the long awaited spectacular break of the lower rate of 1.2400;
    - as for the GBP/USD pair, a sideways trend with possible growth to the 1.5725 mark and sliding down to the level of 1.5580 was predicted, which is what happened. After a bold swoop on the top boundary of 1.5725, already Monday morning the pair began rolling down rapidly, stopping at the 1.5590 mark 19 November and then rebounding to the levels of the beginning of the week;
    - as predicted, USD/JPY repeated its behaviour over the previous two weeks precisely, breaking through the 117.30 mark on Wednesday and strengthening the dollar by another 160 points;
    - the opinions of the analysts and the technical analysis indications regarding USD/CHF diverged. With that, strong volatility with a possibility of a fall to 0.9550 was predicted for the pair. The range of the fluctuations of the exchange rate indeed turned out to be strong – over 175.5 points, while the pair approached the 0.9550 mark more than once.

    Roman Butko, NordFX


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    GENERALIZED FOREX FORECAST FOR 1-5 DECEMBER 2014

    Post  NordFX Sage on Tue Dec 02, 2014 4:31 am

    Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be concluded:
    -  for the period of 1-5 December, the EUR/USD pair is expected to have a sideways trend with quite high probability of falling to 1.2350;
    -  the battles of the bulls and the bears seem to be slowing down ahead of Christmas holidays. Thus, GBP/USD will most likely display a sideways movement in the 1.5580-1.5675 range while at the same time the pair may show a downward tendency;  
    -  the USD/JPY pair, lacking any obvious trends, doesn’t divert from the general picture either. The main fluctuations will be occurring around the axis of 118.30. With that, at the start of the week a rise to 119.15 is possible, followed by a rebound to 117.60 and even to 117.10;  
    -  finally, USD/CHF is still predicted to go up to 0.9700-0.9800 in the medium term. The support is at the level of 0.9620.

    Let’s have a look at last week’s forecast:
    -  the EUR/USD pair was predicted to have a sideways trend around the level of 1.2400 and a possible fall to 1.2350. In reality, the pair went down to 1.2360 for a short period of time and then continued its sideways movement, finishing the month at practically the same mark as at the beginning of November – 1.2450;
    -  as for GBP/USD, a sideways trend was also predicted with strengthening volatility in the corridor of 1.5575-1.5720 in the middle of the week. The forecasts came true concerning the sideways trend and the increased volatility – the pair finished at the same level as it started at the beginning of the week while the peak of the fluctuations of the exchange rate came about on Wednesday-Thursday. However, the experts were mistaken about the boundaries of the corridors – they turned out to be significantly higher at 1.5620-1.5820;
    -  the USD/JPY pair demonstrated the promised attempts to conquer 118.75 twice in one week, which happened on Friday. However, since that occurred at the very end of the weekly session, the pair apparently didn’t have enough time for a serious rebound downwards, which we can expect in the next week or two.

    Roman Butko, NordFX

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    GENERALIZED FOREX FORECAST FOR 8-12 DECEMBER 2014

    Post  NordFX Sage on Mon Dec 08, 2014 1:21 pm

    Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, the following can be predicted:
    - 8-12 December, the EUR/USD pair will fall further by approximately 100 points to 1.2200. However, it’s quite possible that this may take up to two weeks. The resistance level is expected to be 1.2375;
    - GBP/USD is expected to have a sideways trend with a slight fall to 1.5550 approximately;
    - as for the USD/JPY pair, experts continue to wait for the rebound downwards, although now to the level of 120.80. At the same time, the indicators point strictly upwards to the 122.00 mark. So, most probably the pair will be fluctuating in the range of 120.80-122.00;
    - the USD/CHF pair is unanimously predicted to rise to the level of April 2013, i.e. 0.9830-0.9850.

    As for last week’s forecast:
    - there was high probability that EUR/USD would fall to 1.2350, which, in fact, happened already on Wednesday. The pair spent the rest of the week in a sideways trend, still demonstrating a downward tendency;
    - the forecast for GBP/USD was a sideways trend in the corridor of 1.5580-1.5675 with quite strong bearish pressure. The outlook was fully confirmed, and the pair spent the last day of the week between 1.5570 and 1.5690;
    - throughout the start of the week, the USD/JPY pair was fulfilling the forecast aiming for the 119.15 mark. Further on, however, instead of the predicted rebound, a sharp breakthrough upwards occurred, and the pair ended Friday at 121.45;
    - finally, the USD/CHF pair fully justified the expectations by reaching the promised level of 0.9800. The support level of 0.9620 was also predicted correctly – by rebounding from this bottom level, the pair shot upwards.

    Roman Butko, NordFX

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    New account type at NordFX

    Post  NordFX Sage on Mon Dec 15, 2014 5:12 am

    NordFX Expands Its Range of Account Types

    NordFX is pleased to announce the introduction of a new account type – Account 1:1000.

    Credit leverage up to 1:1000 allows you to get a larger trading capital, even with a small deposit, and thus increase your potential profits. In Accounts 1:1000 you’ll find flexible and advantageous trading conditions:


    • Market execution
    • Minimum deposit $5
    • 20 currency pairs
    • Fixed spreads from 3 pips
    • Minimal lot 0.01
    • Maximum lot 20, step 0.01
    • Automated trading is allowed


    NordFX always puts a priority on expanding the range of its services on the Forex market and providing its clients with new opportunities to secure profits. Open an Account 1:1000 with NordFX and maximize your gains!
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    GENERALIZED FOREX FORECAST FOR 22-26 DECEMBER 2014

    Post  NordFX Sage on Wed Dec 24, 2014 8:32 am

    Generalizing in a table the opinions of 35 analysts from world top banks and broker companies and forecasts based on various methods of technical and graphical analysis, it can be concluded that… Christmas is round the corner, and so the main currency pairs are likely to stay in a lulling sideways trend before the holidays (unless, of course, something extraordinary happens):
    - the EUR/USD pair will oscillate around 1.2270-1.2280, most likely gravitating downwards in an effort to break through the level of 1.2200;
    - the same can be said about the GBP/USD pair, whose target will be 1.5530;
    - USD/JPY will most probably try to reach the height of 120.00 after all, although in the first half of the week it may fall to 118.50 and even to 117.50;
    - finally, USD/CHF will, with high probability, remain in a sideways trend, moving along the level of 0.9800.

    As for last week’s forecast, it appears to have come true practically 100%:
    - the EUR/USD pair completely followed the predicted trends – first it rose, breaking through the level of 1.2500, and then crashed downwards – first to 1.2375 and then even further down, finishing the week at 1.2225;
    - the forecast for GBP/USD also turned out to be correct – the pair continued its sideways movement in the range, the boundaries of which had already been set in November;
    - similarly, the behavior of the USD/JPY pair was fully predictable – completing the rebound, it shot upwards, although it didn’t quite reach the set target of 120.65 and finished the week at 119.53;
    - finally, the USD/CHF pair’s movements were also quite foreseeable – pushing off from the support level of 0.9575, it made a powerful surge upwards, breaking through the level of 0.9800.

    Roman Butko, NordFX

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    Re: NordFX - ECN/STP, MT4, SR, Multiterminal broker

    Post  NordFX Sage on Wed Dec 24, 2014 8:33 am

    Please review the schedule of trading sessions for the Christmas and New Year holidays below.
    From 00:00 24.12.2014 to Monday’s opening 05.01.2015, margin call and stop out levels will be increased up to 100% for “Micro,” “Account 1:1000,”“Standard,” “Welcome!” and “ZuluTrade” accounts. In the absence of stable market liquidity, NordFX reserves the right to increase the spreads for the financial instruments on the quotation lists of “Micro”, “Account 1:1000” and “Welcome!” accounts, or to stop quoting on specific currency pairs (for any type of account) until the market situation is back to normal.

    We’d like to remind you that low liquidity and unpredictable market movements characterize the holiday period. Therefore, NordFX recommends providing sufficient margin for positions that may remain open during the holidays, to prevent automatic liquidation of positions at an undesirable price.

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    GENERALIZED FOREX FORECAST FOR 5-9 JANUARY 2015

    Post  NordFX Sage on Mon Jan 05, 2015 1:27 pm

    Generalizing in a table the opinions of 35 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 said:
    - despite most indicators showing a further fall of the EUR/USD and GBP/USD pairs, analysts are inclined towards a more probable sideways trend with a rebound upwards at the beginning of the week. Certain key indicators also point towards overselling and strong volatility;
    - there’s rare unanimity regarding the USD/JPY pair – upwards and only upwards to the height of 121.00 and even further up;
    - the USD/CHF pair is very likely to try and secure its position above the key mark of 1.0000, while strong fluctuations are not expected.

    It is said that New Year is a time of surprises. It turns out that it’s not only Santa Claus who brings them but also… Forex. As for last week’s forecast:
    - at the start of the week, EUR/USD tried to follow our forecast and, having risen slightly, it began a smooth descent. Then at midnight from 1st to 2nd January, the pair shot off like a high-board diver, demonstrating a spectacular price gap of 50 points, and then continued its rapid decline slowing down only at 1.2000;
    - even more impressive was the fall of the British Pound – the GBP/USD pair tumbled downwards by 300 points altogether;
    - in spite of a gap, USD/JPY confirmed our forecast almost 100% – first it fell to the level of 118.850 and then went upwards, reaching the height of 120.00 as expected;
    - as for USD/CHF, it was sure to reach the symbolic mark of 1.0000 at some point but very few thought it would happen so soon. Indeed, New Year is a time of surprises!

    Roman Butko, NordFX


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    GENERALIZED FOREX FORECAST FOR 12-16 JANUARY 2015

    Post  NordFX Sage on Tue Jan 13, 2015 2:19 pm

    Generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, it becomes clear that there is no sufficient certainty about any of the pairs:
    - for instance, almost a third of the analysts forecast growth for EUR/USD. The indicators show 50/50 chances for the upcoming days, though all of them predict a further fall for the pair later on. Thus,  it is quite possible that at the start of the week EUR/USD will still rise to 1.9000, after which it will continue its main trend downwards – to 1.1750 and then further to 1.1650;
    - the British Pound may copy the euro – first a rise followed by a drop. At the same time, some analysts believe that GBP/USD, being under bearish pressure, will still remain in the sideways trend;
    - everyone expects USD/JPY to return to the range of 120.00-121.00 while the medium-term target is indicated as 121.75;
    - the forecast for the USD/CHF pair remains the same as for the previous week – sideways movement along the level of 1.0000.

    As for last week’s forecast, New Year’s surprises didn’t finish with the overnight gap of 1-2 January. The scenario was replayed 5 days later, pleasing the bears with another gap, and EUR/USD and GBP/USD continued their rapid fall. As a result, the euro went down to the low of summer 2010, and now the next target is 10-year June mark.

    The dollar got stronger against the yen as well. The USD/JPY pair could not reach 121.00 and rolled back down to the level of the middle of December 2014.

    Finally, as predicted, USD/CHF got fixed above the key mark of 1.0000 and finished Friday at 1.0140.

    Roman Butko, NordFX


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    Binary options at NordFX

    Post  NordFX Sage on Tue Jan 13, 2015 2:23 pm

    It’s time for new and exciting trading opportunities! NordFX is pleased to announce the launch of its Binary Options platform (binary.nordfx.com).
    Binary options are both a very simple and high-yielding tool. All you need to do is invest, select an asset and make a prediction whether the price for the asset will go up or down by a certain time (expiry).

    Trading binary options with NordFX, you get:
    • Minimal deposit $1 / 1€
    • Easy-to-understand trading principles
    • Potential profits known as you open a position
    • 6 types of options: Binary Options, One Touch, 60 Seconds, Pairs, Long Term, Ladder
    • A wide range of trading assets: currencies, stocks, commodities and indices
    • Newsfeed to be updated on all key market events and make educated decisions

    High returns, ease of use, controlled risks set binary options apart and make them an excellent and quite safe way to enter the financial market for the first time.
    NordFX stays true to its priority to offer you the best and the latest on the market, and we trust that with our binary options platform your trading will become ever more engaging, diverse and profitable.

    Sign up and enjoy quick and easy returns!
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    Re: NordFX - ECN/STP, MT4, SR, Multiterminal broker

    Post  NordFX Sage on Mon Jan 19, 2015 6:35 am

    GENERALIZED FOREX FORECAST FOR 19-23 JANUARY 2015

    After summing up the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, it’s become clear that many experts are at a loss, and the graphical analysis provides contradictory readings. However:
    - EUR/USD is an exception. The overwhelming assessment of its future is that the pair will continue to fall to the level of 1.1400 and in case of breaking it even further to 1.1200. After that, EUR/USD may actually bounce up to 1.1785-1.800;
    - despite bearish pressure, GBP/USD will stay in the sideways trend. The most probable fluctuation range is 1.5020-1.5250;
    - USD/JPY is also in the sideways trend under bearish pressure. It’s predicted to go down to 115.20-116.00, with a possible rise just to 118.75. The graphical analysis shows that by the end of this week or next week the pair may return to an upward trend moving to the previous target of 121.75;
    -  it is difficult to make any forecast for USD/CHF at this time – the market is at a loss, although for the most part the pair is expected to go down.

    As for last week’s forecast, the New Year's surprises were not limited to the two gaps of early January. Last Thursday the Bank of Switzerland played Santa Claus (albeit belatedly) and as a ‘gift’ suddenly removed the bottom trade boundary for USD/CHF. Even analysts from the largest banks did not expect this at all. As a result, all the predictions for USD/CHF made before 15 January become invalid.

    This milestone event could not but affect other currencies. For example, the forecast for EUR/USD was that it would fall to 1.1650 by the end of the week. In fact, another 200 points have to be added to this, thanks to the Bank of Switzerland. As a result, on Friday the pair crashed below the level of 1.1460.

    The GBP/USD pair, however, demonstrated impressive resistance to stress. We predicted a sideways trend for it, which was confirmed 100%. The pair finished trading at the same level as at the beginning of the week.

    Roman Butko, NordFX


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    Generalized Forex Forecast for 26-30 January 2015

    Post  NordFX Sage on Mon Jan 26, 2015 9:39 am

    Generalizing in a table the opinions of 35 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 expected:
    - before returning to its main trend and continuing towards 1.1100, EUR/USD may go up to the level of 1.1380-1.1460;
    - GBP/USD, also under bearish pressure overall, may at first rise to 1.5065 and then continue its fall to 1.4900;
    - USD/JPY is expected to mirror the movements of its counterparts – after a fall it will rebound from 113.50 and rush up to its nearest target of 119.00;
    - after surviving the recent shock, USD/CHF can be expected to continue its sideways trend with a rise to 0.8910-0.9000 and then a decrease to 0.8350.

    As for the last week’s forecast:
    - ECB President Mario Draghi met our expectations and helped our forecast for EUR/USD to fulfil to the tee. After his speech, the Euro swiftly broke through 1.1400 and, as was predicted, finished the week near 1.1200;
    - following the Euro, GBP/USD succumbed to Mr. Draghi’s charms which resulted in the level of 1.5020, predicted to be the lower boundary, reversing direction and becoming the upper boundary of the corridor;
    - the forecast for USD/JPY was confirmed 100% –  the pair was in a sideways trend, then reached the predicted mark of 118.75 and returned to 117.70, the level of the beginning of the week;
    - it turns out that no prediction can also be a prediction, which was backed up by the USD/CHF pair. Along with the analysts, we refused to make any suggestions regarding its fluctuations last week. Apparently, in sync with our doubts, the pair decided not to leave the rigid boundaries of its sideways trend throughout the whole week.

    Roman Butko, NordFX

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    Generalized Forex Forecast for 2-6 February 2015

    Post  NordFX Sage on Tue Feb 03, 2015 11:19 am

    Generalizing in a table the opinions of 35 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 expected:
    - EUR/USD will continue its downward tendency to the 1.1100 mark, although the opinions of analysts were divided almost equally: a third predict growth for the pair, a third – its fall and a third – a sideways trend;
    - the situation with GBP/USD is similar while bearish tendencies look more convincing in this case;
    - there is no consensus about the USD/JPY pair this week either among analysts or among indicators, something that happens very rarely. Here the choice is between a sideways movement and the pair’s long-time tendency towards the range of 119.00-121.00, which it is very likely to reach after all;
    - both analysts and indicators predict USD/CHF to return to the level of last autumn, with strong volatility too, intraday fluctuations reaching 150 and even 200 points.

    As for the last week’s forecast:
    - we predicted EUR/USD to fall to 1.1100 and possibly go up to 1.1380-1.1460. It did happen, just in the reverse order – first the pair slipped down to the 1.1094 mark, rebounded to 1.1420, then calmed down and entered a sideways trend with the upper boundary of 1.1380;
    - as predicted for the start of the week, GBP/USD rebounded upwards and way more than expected.  As a result, another attempt by the pair to fall to the low of 1.4900 failed and the pair was thrown off to the level of the beginning of the week – 1.4986;
    - as anticipated, the USD/JPY pair tried to reach its nearest target of 119.00 but weakened at the level of 118.66, took a break and entered a sideways trend;
    - USD/CHF was set on partially winning back its Black Thursday losses – it rushed upwards and quickly achieved the predicted level of 0.9000, stayed there for three days and then dashed even higher, soaring up by almost 300 points and reaching the 0.9285 mark by Friday.

    Roman Butko, NordFX



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    Generalized Forex Forecast for 16-20 February 2015

    Post  NordFX Sage on Tue Feb 17, 2015 12:38 pm

    Generalizing the opinions of 35 analysts from world leading banks and broker companies plus forecasts based on different methods of technical and graphical analysis, I’d like to point out that green and black colours prevail in the table this week. This means that all the pairs are expected to be in a sideways trend with an aspiration to move upwards:
    - EUR/USD is very likely to carry on with its drive to reach the 1.1550 mark. Nevertheless, there’s a chance that in the first couple of days the pair will go down to  1.1340, bounce off it and then move upwards;  
    - the GBP/USD pair can be expected to fall to the level of 1.5300-1.5340 and then rebound to 1.5550;
    - the USD/JPY pair’s strong support is 118.40. After bouncing off it, the pair may charge up to around 121.00. However, this may not happen immediately but only in the last ten days of February;
    - the forecast for USD/CHF remains as before – a further sideways trend with prevailing bullish tendencies, the nearest target being 0.9400. Bear mind though that in the medium term the pair may break through support at the level of 0.9200 and sharply go down to around 0.9000 where it was at the end of January.

    Last week’s forecast was confirmed almost 100%:
    - it was predicted that EUR/USD would be in a sideways trend with fluctuations around 1.1325, followed by a rise and a move towards 1.1550. The pair did just that – it finished the sideways trend on Friday and shot upwards. However, the level that the pair reached turned out to be a bit more modest – 1.1443;
    - a similar scenario was suggested for the GBP/USD pair. The forecast was fully confirmed, and by the end of the week, the pair reached the target at the level of 1.5400;
    - the USD/JPY pair also fully complied with our predictions. It got to 120.00 by the middle of the week and rolled down by 200 points;
    - no surprises with the USD/CHF pair either – as predicted, it was in a sideways trend all week long, with prevailing bullish tendencies under whose influence the pair regained 100 points.  

    Roman Butko, NordFX

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    Generalized Forex Forecast for 2-6 March 2015

    Post  NordFX Sage on Wed Mar 04, 2015 2:33 pm

    Generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on various methods of technical and graphical analysis, it can be noted that this week, just like last week, the sideways trend will be dominating for all four pairs:
    - the corridor of 1.1170-1.1310 is most probable for the EUR/USD pair, although technical analysis indications are still contradictory. A number indicators point to bearish trends while some others show the opposite – the pair’s upward drive to 1.1450-1.1500;
    - the GBP/USD pair is predicted to fall to the level of 1.5000 and then further to 1.4810 during March. Short-term, the pair may rise and make another attempt to break through the strong level of support around 1.5550;
    - this week the target for USD/JPY remains the same – 120.50. Strong support is around 118.50, the second support being 117.50;
    - the plan for USD/CHF is as follows: getting up to 0.9735 step by step, then a sharp rebound downwards to around 0.9375 and further to 0.9280. However, the realisation of this scenario may stretch out over several weeks.

    As for last week’s forecast:
    - as predicted, in the first half of the week, EUR/USD stayed in a sideways trend. Then on Thursday, on the news from the USA, it fell sharply and so didn’t meet the expectations of many analysts (including ours);
    - GBP/USD was also expected to move sideways in the range of 1.5340-1.5500. By mid-week, the pair tried to break through the top boundary, reached 1.5550 but the very same news from the USA quickly returned it to the centre of the corridor specified by us;
    - according to our “plan,” USD/JPY was supposed stay in a sideways trend all week long, demonstrating a consistent drive to reach 120.50, which happened, except that the target turned out to be even more modest – 119.80;
    - finally the USD/CHF pair. The forecast of its attempts to reach the 0.9555 mark was confirmed 100%.

    Roman Butko, NordFX



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    Generalized Forex Forecast for 9-13 March 2015

    Post  NordFX Sage on Mon Mar 09, 2015 10:04 am

    Looking at what has been happening on the currency markets for the past few weeks, we get the impression that soon our screens will show EUR/USD/CHF = 1.0000.
    In the meantime, generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we can note that... analysts are simply perplexed: 25% support growth, 25% support a fall and 50% are just at a loss. Therefore, in our forecast for the coming week, we will primarily focus on the indicators and secondly on our own logic and intuition:
    - for the EUR/USD pair, the corridor 1.0760-1.1225 is most probable, with prevailing bearish trends and the pair’s downward tendency to the level of 1.0700;
    - GBP/USD may rebound to around 1.5225 at the start of the week, followed by a fall all the way down to 1.4910;
    - the USD/JPY pair is likely to rise to the last week’s high of 121.27 and further to the range of 121.80-122.50. Its support will be at 119.50-119.80;
    - the previous plan for USD/CHF stands – moving step by step up towards the symbolic level of 1.0000. The only thing that we can predict is that the movement will be smoother than last week.

    As for last week’s forecast, it turned out to be quite modest:
    - as predicted, the EUR/USD pair spent the first half of the week in a sideways trend but then, thanks to the ECB’s actions and reports from the USA, the pair easily broke through the lower boundary of the range and went down sharply, proving that indicators could be much more accurate than the deliberations of high-browed analysts. (Remember that 83% of indicators pointed towards the fall of the pair while only 32% of analysts were of this opinion.);
    - we predicted that GBP/USD would fall to 1.5000 and then further to 1.4810 during March. But over the past week, the pair completed a massive part of the set task at a record-breaking pace and was short of 1.5000 by a mere 30 points;
    - last week, USD/JPY was predicted to go up to the level of 120.50. It did happen as a matter of fact – the pair completed the weekly session at 120.81. Yet, just a few hours before that the pair had reached 121.27 and only after that it returned to the specified level;
    - the USD/CHF pair also easily beat the target. It was predicted to advance smoothly up to 0.9735 but actually it briskly rose at an angel of almost 45 degrees and made it to 0.9854, exceeding the set target by 120 points.

    Roman Butko, NordFX



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    Generalized Forex Forecast for 16-20 March 2015

    Post  NordFX Sage on Tue Mar 17, 2015 9:08 am

    Upon generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, it appears that analysts are still at a complete loss, not quite sure what to expect from the market. Unlike the analysts, indicators and our own intuition send pretty clear signals regarding the upcoming week:
    - EUR/USD is a very short distance away from the coveted mark of 1.0000, which the pair will try to reach in the nearest future. With this, considering the medium term perspective, analysts come out of their stupor and almost unanimously predict a rebound upwards to 1.1000-1.1200 over the next few weeks;
    - as for the GBP/USD pair, the proud Brit can be expected to unwillingly follow the sinking “Titanic”, i.e. the Euro;
    - the USD/JPY pair will try to break out of its sideways trend and rise from the range of 120.90-121.65 to the level of 121.50-122.50. The pair may actually reach its next target 123.00 rather quickly. The main support will be around 120.65-120.80;
    - the plan for USD/CHF remains the same – upwards to 1.0250, in hopes to fully compensate for the losses of January’s “Black Thursday”.

    As for last week’s forecast, my gut feeling was right. Seven days ago, EUR/USD and USD/CHF were predicted to level off around 1.0000. Here are the outcomes:
    - EUR/USD fell by 400 points and made it halfway to the target. Just as much remains till the ultimate target;
    - the USD/CHF pair actually exceeded expectations and reached 1.01250 on Thursday;
    - sticking to the forecast overall, GBP/USD also exceeded the week’s plan. As predicted, it shot up by 100 points on Monday, then rolled downwards and by Thursday reached 1.4910, the mark forecast earlier. Further, the pair rebounded by another 100 points and fell to the level of 1.4750;
    - USD/JPY was expected to rise to around 121.80-122.50, which is what happened – the pair got to the landmark of 122.00 and then entered a sideways trend in the corridor of 120.90-121.65.

    Roman Butko, NordFX


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    Generalized Forex Forecast for 23-27 March 2015

    Post  NordFX Sage on Tue Mar 24, 2015 12:09 pm

    Summing up in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we had to introduce some changes. If you look at the analysts’ opinions row in the table, along with the symbols of upward, sideways and downward trends, you will find a new one – open hands. As you can imagine, this indicates those analysts who are at a total loss and don’t know what to say. This group is quite large (around 30%) but there are still a few desperate predictors whose opinions we take into account when compiling our forecasts. Therefore:
    - despite EUR/USD’s rebound last week, the pair’s main trend of the last few months remains as is – down to 1.0000. (By the way, the downstream channel with all possible fluctuations is very clear on the H4 chart). The short-term upward trend may continue all the way to 1.0915-1.1040 at the start of the week, after which everything should return to normal;
    - the GBP/USD pair is expected to fluctuate again just like EUR/USD while at the same time moving in a sideways corridor between 1.4700 and 1.5000 under bearish influence;
    - unlike the Brit, the USD/JPY pair will, on the contrary, strive upwards and try to regain last week’s losses, the nearest target being 121.20. With this, neither the indicators nor the analysts rule out that over the first day or two the pair will still continue to fall;
    - judging by the indicators, the forecast for USD/CHF is as follows: at first (but not for long) strictly downwards and then strictly upwards, back to the coveted mark of 1.0000. Considering that the transfer of Friday’s indications to Monday is not that wise, it is possible that the pair will turn around and move upwards straight away, from the first tick. The analysts in general support this.

    As for last week’s forecast:
    - the analysts’ predictions for EUR/USD’s tendency turned out to be right. They forecast that the pair would rebound upwards to 1.1000-1.1200. Truth be told, the pair didn’t reach this level after all, although at its peak the rebound made almost 600 points;
    - regarding the GBP/USD pair, we predicted that the proud Brit will continue to trail the Euro. Just have a look at last week’s charts;
    - the USD/JPY pair didn’t meet our expectations. As predicted, the first half of the week it stayed in a lulling sideways trend within the narrow range of 121.140-121.50 but on Wednesday evening’s news, instead of shooting upwards, it plunged breaking through the support around 120.65-120.80;
    - as for USD/CHF, if its collapse in January was called “Black Thursday,” the events of last Wednesday can be safely dubbed “Dark Grey Wednesday.” We hope that the heavy clouds will disperse soon and the Swiss Frank will once again see the boundlessly blue Alpine skies.

    Roman Butko, NordFX


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    DemoCup Stage 3 Results

    Post  NordFX Sage on Fri Mar 27, 2015 1:21 pm


    Warmest congratulations to the finalists and the best wishes for the last step of the contest!



    Date and time of the next contest stage:
    Start: 06.04.2015 00:00 (server time)
    Finish: 17.04.2015 22:00 (server time)
    Feel free to participate in the contest. Good luck in trading! http://contest.nordfx.com/
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    Autotrading service “Signals”

    Post  NordFX Sage on Fri Mar 27, 2015 1:22 pm

    The autotrading service “Signals” has become even more user-friendly and efficient!
    We’d like to call your attention to a series of short videos about copying trading signals via MT4 and MT5:
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    It’ll take you just a few minutes to see and learn how to select signals and subscribe to them, how to analyze trading performance and evaluate the effectiveness of copied trades.
    We’re certain that these videos will make your work on Forex more convenient and profitable.
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    Best Broker / Forex Trading India Award for NordFX

    Post  NordFX Sage on Fri Mar 27, 2015 1:24 pm


    On 10 March 2015, IAIR Awards held its annual victory ceremony in Hong Kong. NordFX is pleased to have won Best Broker / Forex Trading India.

    As the awards accolades put it, “For its leadership in making trading in financial markets more comfortable, convenient, effective and easy. Consistently meeting the strictest standards of financial stability and proper handling and providing its clients with new opportunities to secure profits, NordFX represents an excellent partner for a successful trading.”
    India and Southeast Asia as a whole are one of the major areas of focus for NordFX, and we’re grateful to market experts and traders for the recognition. This award will only stir us to work more and better for our customers’ benefit!
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    NordFX Conquers a New Height – a Million Accounts!

    Post  NordFX Sage on Fri Mar 27, 2015 1:25 pm

    The spring of 2015 has been marked by a milestone event for NordFX – the number of trading accounts in the company has reached 1,000,000!
    Thousands of new accounts are registered in NordFX monthly as traders from various parts of the world give their preference to the company, choosing its high standards of quality and reliability.
    Regardless of the deposit amount, every NordFX customer receives top-level service and access to the most advanced online trading technology and products on financial markets. A wide selection of trading account types, platforms and instruments, innovative autotrading and signal copying services – all that's required to make trading for both beginners and the experienced not just convenient but also highly profitable. A short while ago, our customers were granted another fantastic opportunity to build up their capital due to the launch of the platform for trading binary options.
    Since day one of its existence, the cohesive NordFX team has been doing its best to meet the demands of even the most sophisticated customers, and we’re grateful to all who appreciate our efforts and have chosen NordFX as their trustworthy guide around the world of Forex.
    Thank you for joining NordFX!
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    Equity Down, Oil Prices Up

    Post  NordFX Sage on Fri Mar 27, 2015 2:48 pm

    Oil prices continue to rise due to the military action started by a coalition of countries in Yemen. This, however, had no bearing on equity rates – world major indices closed in the red yesterday.

    As such in Europe, the British FTSE 100 dropped 1.37 percent down to 6,895.33 points, the German DAX shed 0.18 percent down to 11,843.68 points, and the French CAC 40 fell 0.29 percent finishing the trading session at 5,006.35 points.

    Russia’s indices also posted a drop – the MICEX index declined by 1.08 percent down to 1,581.84 points while the RTS index fell 1.52 percent to 868.62 points.

    In the USA, the Dow Jones shed 0.23 percent getting to 17,678.23 points, the S&P 500 dropped 0.24 percent to 2,056.15 points, and the NASDAQ fell 0.27 percent down to 4,863.36 points.

    The NYMEX price of futures for WTI oil for May rose by $2.07 and made $51.28 a barrel. On London’s ICE, the price of May futures for oil of mark Brent went up by $2.51 and reached $58.99 a barrel.

    On the global Forex market, EUR/USD has come to a halt as expected. At this point, it’s better to take a break and not enter the market.

    Anna Gorenkova
    NordFX Analyst

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    Generalized Forex Forecast for 30 March - 3 April 2015

    Post  NordFX Sage on Tue Mar 31, 2015 2:11 pm

    Generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we have to mention that, according to the “open hands” symbol in the table, more than a third of the analysts are at a loss. However, the remaining experts are much more unanimous in their predictions than before:
    - the forecast for EUR/USD remains the same – downwards trying to reach 1.0000 at least by the end of April. This week the pair may fall to around 1.0600-1.0750 where it will stabilize for some time;
    - almost the same can be expected from the British Pound – most analysts predict GBP/USD would fall to 1.4700;
    - as for USD/JPY, the forecasts of the analysts and of the indicators are contradictory. Yet, the pair is very likely to be in a bullish trend and try to conquer 120.50;
    - just like last week, the USD/CHF chart may resemble that one of USD/JPY. In any case, all analysts expect USD/CHF to return to 1.0000. However, the forecast for this week is a bit more modest – a rise to 0.9750 or somewhat higher to 0.9800.

    As for last week’s forecast:
    - when predicting EUR/USD’s behaviour, we didn’t rule out a further short-term upward trend to around 1.0915-1.1040, after which everything was supposed to get back to normal. As expected, the pair quickly went up to 1.1030, entered a sideways trend, remaining strictly in the set bounds, and then predictably returned to the level of the beginning of the week;
    - the forecast for GBP/USD was also confirmed – the pair stayed in the sideways corridor under bearish influence all week long;
    - the predicted fall of USD/JPY got prolonged, and the pair started to recover its losses only last Thursday managing to rise just to the average level of February by the end of the week;
    - a rare event occurred with the USD/CHF weekly chart basically repeating the USD/JPY chart, which overall matches the first scenario we suggested – at first the pair moves strictly downwards and then strictly upwards. With this, the upward movement doesn’t look too convincing so far and needs to be upheld this week.

    Roman Butko, NordFX


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    Euro Falls, Indices Go Up

    Post  NordFX Sage on Tue Mar 31, 2015 2:11 pm

    31.03.2015 07:00 GMT

    Yesterday the world’s equity markets closed on the rise. In Europe, Britain’s FTSE 100 grew 0.53 percent up to 6,891.43 points, Germany’s DAX advanced 1.83 percent up to 12,086.01 points, and France’s CAC 40 gained 0.98 percent up to 5,083.52 points.

    On Russia’s floors, the MICEX index shot up by 2.52 percent making 1,611.22 points, and the RTS index advanced 2.5 percent up to 877.85 points.

    In the USA, the Dow Jones grew 1.49 percent up to 17,976.31 points, the S&P 500 added 1.22 percent reaching 2,086.24 points, and the NASDAQ gained 1.15 percent up to 4,947.44 points.

    Oil prices, however, continued to decline yesterday. The NYMEX price of WTI oil futures for May dropped by $0.19 and got to $48.68 a barrel. On London’s ICE, the price of Brent oil futures for May delivery fell by $0.12 and reached $56.29 a barrel.

    On the Forex market, EUR/USD went down a little. Now the pair has quite a decent range for correction: 1.05-1.0960. The current decrease may extend to 1.0640.

    Anna Gorenkova
    NordFX Analyst


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