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Julia NordFX
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19.05.2015 08:20 GMT EUR/USD Reached 1.12 Rate Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points. On the Russian floors, the MICEX index fell 0.76 percent to 1,678.55 points whereas the RTS index posted a slight rise of 0.07 percent making 1,075.47 points. In the USA, the Dow Jones grew 0.14 percent to 18,298.88 points, the S&P 500 added 0.3 percent reaching 2,129.20 points, and the NASDAQ picked up 0.6 percent getting to 5,078.44 points. On the NYMEX, the cost of June futures for WTI oil went down by $0.26 and made $59.43 a barrel. On London’s ICE, the price of Brent oil futures for June was down by $0.54 and reached $66.27 a barrel. Yesterday on the Forex market, EUR/USD started to pull back from the daily MA and reached 1.12 today. Anna Gorenkova NordFX Analyst
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18.05.2015 07:10 GMT Euro Reached Its Target Level Last Friday European markets closed in the red whereas Russian and US markets posted a rise. In Europe, the British FTSE 100 fell 0.18 percent to 6,960.49 points, the German DAX dropped 0.98 percent down to 11,447.03 points, and the French CAC 40 shed 0.71 percent down to 4,993.82 points. In Russia, due to corporate reports and strengthening of the ruble, the MICEX index grew 0.8 percent to 1,691.05 points, and the RTS index gained 0.86 percent going up to 1,063.94 points. In the USA, the Dow Jones added 0.11 percent making 18,272.56 points, the S&P 500 grew 0.08 up to 2,122.73 points while the NASDAQ fell 0.05 percent to 5,048.29 points. The NYMEX price of WTI oil futures for June dropped by $0.19 and got to $59.69 a barrel. On London’s ICE, the June future for oil of mark Brent went up by $0.11 and made $66.81 a barrel. On the global currency market, EUR/USD has almost reached the earlier mentioned target of 1.1470 (just short of a couple of points). Now the pair is facing quite a big obstacle – the long-term MA on the daily chart and horizontal resistance at 1.1476. The pair may experience a considerable correction here and even roll back to 1.12. Anna Gorenkova NordFX Analyst
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Generalized Forex Forecast for 18-22 May 2015 Let us start with a few words about the forecast for last week, which turned out to be quite accurate overall: - the prediction for EUR/USD was that most probably the pair would stay in a sideways trend with fluctuations around the line of 1.1230, which did happen in fact. At first, EUR/USD went downwards, then returned to its Pivot Point, after which the bulls gained strength and began to persistently push the pair towards the upper boundary of the corridor. The level of 1.1440 was set as the final bastion of resistance, and the pair tried to break through it all Friday long. However, it failed and finished the five days in this very zone; - one of the possibilities for GBP/USD was breaking through the resistance level of 1.5600, which was also supported by 87% of the indicators. The breakthrough happened already on Tuesday, and then the pair tried several times to rise above the upper boundary of the corridor – 1.5785. It didn’t succeed, though, and so settled down finishing at 1.5727; - the Pivot Point for USD/JPY was set at 119.70, which was confirmed – the pair crossed it twice during the week, having stayed exactly in the average values of the specified corridor 118.75-120.30; - USD/CHF turned out to be the only pair regarding which both analysts and indicators were only partly right. At first, everything seemed to go as planned – the pair began to grow and tried to consolidate above 0.9300. However, on Tuesday, in a powerful spurt, the pair broke through the support line and went down sharply to the low of a week ago. *** Now regarding the forecast for the coming week. 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, we can note the surprising unanimity of the analysts who predict growth for all four pairs. Such forecasts always raise strong suspicions because some of the pairs are generally characterized by multi-directional rather than direct correlation: - for EUR/USD the opinions of the experts are as follows: ↑ – 40%, → – 3%, ↓ – 6%, ↔ (at a loss) – 51%. The indicators provide similar readings: ↑ – 83%, → – 17%, ↓ – 0%. However, graphical analysis shows that the pair has almost completed the Inverted Hat pattern and has to form just the second brim of the hat. Thus, it can be assumed that this week EUR/USD will hold in a sideways corridor of 1.1070-1.1530, and, after a small rise, the pair is expected to have a relatively strong rebound downwards; - the D1 chart clearly shows that GBP/USD has reached the upper boundary of the corridor (1.5800) where it stayed for a month and a half at the end of last year. The pair is very likely to linger in the range of 1.5500-1.5815 for some time again. Therefore, despite the vast majority of the analysts and 91% of the indicators pointing to growth, one can expect prevailing bearish tendencies and the pair’s rebound downwards; - the opinions of the experts and the readings of the indicators for USD/JPY diverge (the experts: ↑ – 42%, → – 3%, ↓ – 3%, ↔ – 52%; the indicators: ↑ – 26%, → – 4%, ↓ – 70%). Hence, the level of 119.40, at which the pair finished the previous five days, can be considered as a Pivot Point, and the readings of the indicators on the H1 timeframe and smaller can give further guidance. Support will at 119.20, 118.90, 118.75 and 118.50; resistance – 119.60, 119.90, 120.00 and 120.30; - as for the near future of USD/CHF, the data for both analysts and indicators are similar to USD/JPY (the experts: ↑ – 40%, → – 6%, ↓ – 4%, ↔ – 50%; the indicators: ↑ – 17%, → – 9%, ↓ – 74%). At the same time, as USD/CHF is in an inverse correlation with EUR/USD, it may go up at least to around 0.9290-0.9380. In the case this forecast is not fulfilled, the support levels will be 0.9110, 0.9075 and 0.8980, resistance – 0.9500. Roman Butko, NordFX
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14.05.2015 07:40 GMT Euro Began to Go Up Yesterday the world’s financial markets closed mainly on the decline. In Europe, the FTSE 100 grew 0.23 percent to 6,949.63 points, the DAX dropped 1.05 percent down to 11,351.46 points, and the CAC 40 fell 0.26 percent to 4,961.86 points. In Russia, the MICEX index shed 1.31 percent down to 1,682.26 points while the RTS index advanced 1.12 percent up to 1,082.21 points. In the United States, the Dow Jones fell 0.04 percent to 18,060.49 points, the S&P 500 shed 0.03 percent down to 2,098.48 points whereas the NASDAQ added 0.11 percent making 4,981.69 points. Oil prices also went down yesterday. The NYMEX price of WTI oil futures for June dropped by $0.25 and reached $60.50 a barrel. On London’s ICE, the cost of Brent oil futures for June delivery was down by $0.05 and made $66.81 a barrel. On the Forex market, EUR/USD went up and is moving towards the afore-mentioned target of 1.1470. Anna Gorenkova NordFX Analyst
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13.05.2015 08:10 GMT Drop in European Equity Due to Greek Situation Yesterday world financial markets closed mixed. In particular, European stock markets slumped following the interim meeting of the Eurogroup and the Greek government. According to media reports, both parties still couldn’t reach an agreement on key issues. In this light, the FTSE 100 fell 1.37 percent to 6,933.80 points, the DAX dropped 1.72 percent to 11,472.41 points, and the CAC 40 shed 1.06 percent down to 4,974.65 points. On Russia’s stock market, the MICEX index fell 0.23 percent to 1,704.62 points whereas the RTS index grew 1.01 percent finishing the trading session at 1,070.19 points. In the USA, the Dow Jones declined by 0.2 percent to 18,068.23 points, the S&P 500 shed 0.29 percent down to 2,099.12 points, and the NASDAQ fell 0.35 percent down 4,976.19 points. Oil prices posted a rise, however. On the NYMEX, the price of WTI oil futures for June went up by $1.5 and made $60.75 a barrel. On London’s ICE, the Brent oil future for June rose by $1.95 and reached $66.86 a barrel. On the Forex market, EUR/USD is experiencing some correction at this point. Nevertheless, the prospects of moving up to 1.1470 still remain. Anna Gorenkova NordFX Analyst
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GENERALIZED FOREX FORECAST FOR 11 – 15 MAY 2015 «BINGO!” AND BLACK BEARS As usual, first a few words regarding last week’s forecast: - for the EUR/USD pair the forecast was fulfilled by no less than 100%. We supposed that the EUR/USD pair would experience a sideways trend and a possible descent to the 1.0800 mark. This is what actually ended up happening, as on Tuesday the pair fell into the 1.0700÷1.0850 zone and stayed there for approximately one hour before determinedly rising in order to finish the week at exactly the same mark as the mark it started from; - the GBP/USD pair was strictly abiding by our “guidelines” of a sideways move all week until Thursday evening, maintaining an even narrower range than we originally supposed. However, this was followed by the announcement of the British election results, which surprised not only politicians but also financiers, resulting in the pair soaring up by more than 200 points - Regarding the USD/JPY pair, the majority of both analysts and indicators asserted that the pair would keep strengthening in the area above 120.00. On the other hand, a rather tight-numbered opposition was foretelling a rapid downwards rebound. The result was that both groups proved to be right, as at the start of the week “bulls” were propping the pair up, not letting it fall below the arranged 120.00 line. However, they then weakened and passed on their influence to the “bears”. Zoologists claim that Japanese black bears prefer steep mountainous terrain, which, judging by the way the pair impetuously descended, is hard to disagree with. However, by the end of the week, the pair once again climbed upwards, returning to the 119.70 point, which it has been fluctuating about since the end of March. - The USD/CHF forecast maintained that the pair would continue following in the wake of EUR/USD, acting as a mirror image of its “older sister”. Therefore, , looking at last week’s charts we can now shout “Bingo!”, since the forecast proved to be 100% accurate. *** Now on to the forecast for the upcoming week. Aggregating the opinions of 35 analysts from the world’s leading banks and brokerage firms, as well as forecasts, which were based on an extremely diverse range of technical and graphical analytical methods, we can presume that: - The EUR/USD pair will most likely continue occupying a sideways trend with fluctuations about the 1.1230 mark. At the very least, this is the conclusion we arrived at after looking at the neat split between expert opinions: ↑ - 22%, → - 3%, ↓- 19%, ↔ (raised hands) – 56%. A similar situation occurs with indicator showings: ↑ - 35%, → - 17%, ↓- 48%. The main levels of support 1.1060, 1.0850 and 1.0650, whilst the main levels of resistance are 1.1290 and 1.1440; - For the GBP/USD pair an absolute majority of indicators (87%. ) on both H4 and D1 foretell growth. Analysts’ opinions, however, diverge (↑ - 25%, → - 9%, ↓- 22%, ↔ – 44%. ). Since the pair has already reached quite a high level of 1.5600, there exists a significant probability that the pair will attempt to barge through the resistance and settle in the 1.5475÷1.5785 zone. However, a failure to do so and an ensuing descent to the 1.5000 support level can also be predicted with a similarly high probability. - As for the USD/JPY pair, expert opinions and indicator predictions also diverge (experts: ↑ - 7%, → - 22%, ↓- 26%, ↔ – 45%, indicators: ↑ - 60%, → - 17%, ↓- 23%. ). However, both are satisfied with a Pivot Point level of 119.70, support at the 119.20, 188.75 and 119.20 levels and resistance at 120.05, 120.30 и 120.85; - Regarding the near future of the USD/CHF pair, however, both analysts and indicators are in harmony: more than 75% of the former and 56% of the latter agree that the pair should rise and settle in the 0.9300÷0.9400 corridor. The next support level is 0.9190 and the next resistance level is 0.9500. Roman Butko, NordFX
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08.05.2015 07:30 GMT EUR/USD Is Correcting Yesterday world financial markets posted mixed results again. In Europe, the FTSE 100 fell 0.67 percent to 6,886.95 points, the DAX grew 0.51 percent to 11,407.97 points while the САС 40 shed 0.29 percent down to 4,967.22 points. Russia’s indices went down following oil prices – the MICEX index dropped 1.59 percent to 1,686.98 points, and the RTS index fell 0.51 percent to 1,060.73 points. In the USA, the Dow Jones added 0.46 percent making 17,924.06 points, the S&P 500 grew 0.38 percent to 2,088 points, and the NASDAQ advanced 0.53 percent up to 4,945.54 points. Thursday evening oil prices went down. The NYMEX price of WTI oil futures for June dropped by $1.71 and reached $56.59 a barrel. On London’s ICE, the price of the Brent oil future for June was down by $2.03 and got to $65.74 a barrel. On the global currency market, EUR/USD was slightly short of the 1.14 target and is experiencing a downward correction. Nonetheless, in case of favorable macroeconomic data, the pair may reach 1.1470. Anna Gorenkova NordFX Analyst
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06.05.2015 07:30 GMT Russian Equity Gains Due to Oil Price Rise Over Holidays Yesterday world financial markets closed mixed. European indices posted a drop – Britain’s FTSE 100 fell 0.84 percent to 6,927.58 points, Germany’s DAX slumped 2.51 percent down to 11,327.68 points, and France’s CAC 40 dropped 2.12 percent down to 4,974.07 points. At the same time, Russia’s equity soared up, taking a cue from rising oil prices and ruble strengthening over the holidays. Thus, the MICEX index advanced 1.98 percent up to 1,721.80 points while the RTS index shot up by 4.24 percent altogether and reached 1,072.93 points. In the USA, the Dow Jones fell 0.79 percent to 17,928.20 points, the S&P 500 shed 1.18 percent down to 2,089.46 points, and the NASDAQ dropped 1.55 percent down to 4,939.33 points. On the NYMEX, the price of June futures for WTI oil rose by $1.47 and made $60.40 a barrel. On London’s ICE, the June future for oil of mark Brent went up by $1.07 and reached $67.52 a barrel. Yesterday on the global currency market, the euro gained ground against the dollar. Today EUR/USD continues to go up. In case the chart pattern is completed, the pair can get to 1.14. Anna Gorenkova NordFX Analyst
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05.05.2015 06:40 GMT A Slight Hike on Markets On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price of oil dropped a little. In Europe as such, the British FTSE 100 grew 0.36 percent to 6985.95 points on Friday. On Monday, there was no trading on the London exchange due to a holiday. Also on Monday, the German DAX 30 advanced 1.57 percent up to 11,634.34 points, and the French CAC 40 gained 0.84 percent reaching 5,088.82 points. European investors’ sentiment was influenced by the news about an interim agreement between Greece and its lenders. The Russian market was closed for May Day holidays on Monday. In the USA, the Dow Jones grew 0.26 percent to 18,070.40 points, the S&P 500 gained 0.29 percent up to 2,114.49 points, and the NASDAQ added 0.23 percent getting to 5,016.93 points. Oil prices, however, posted a slight drop yesterday. The NYMEX price of WTI oil futures for June went down by $0.22 and reached $58.93 a barrel. On London’s ICE, the cost of Brent oil futures for June delivery was down by $0.01 ending up at $66.45 a barrel. On the Forex market, EUR/USD is returning to the breakthrough point in the double bottom pattern on the daily chart. The pair may start moving up again from 1.0970. Anna Gorenkova NordFX Analyst
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NordFX Conquers a New Height – a Million Accounts! 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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Binary Options – New Service from NordFX In January 2015 the international broker NordFX significantly expanded its range of services by introducing a web platform for binary options trading (binary.nordfx.com). Binary options are admittedly among the most affordable and high-yielding tools to date. Throughout the world, binary options have become known as a quick and easy way of earning money online. Options trading is very simple and intuitive, thus understood by both professionals and total novices who just recently had no concept of an options broker or a trader. To start earning, all you need to do is select a trading asset and predict if its price will go up or down by a certain time (expiry). In just one minute you can make a profit of over 70% (60 Seconds options) while Ladder options can deliver as much as 1500% in profits! Investors can also use other popular kinds of options – classic Binary Options, One Touch, Pairs and Long Term options. This type of online earning is absolutely transparent as your payout (in case of the correct prediction) or loss (if the guess is wrong) are already known when you open a trade. These amounts don’t change regardless of the price fluctuations, be they 1 point or 100 points. Thus, investors are able to calculate profits and limit losses in advance. Binary options lend an additional advantage to those who already trade on the Forex market. Deals with options can be used to hedge open positions and with zero spreads to boot. Assets for trading binary options with NordFX include not only such major currencies as the US Dollar, the Euro, the British Pound and the Japanese Yen but also Canadian, New Zealand and Singapore Dollars, the Russian Rouble, the South African Rand and the Turkish Lira. Besides currency exchange, you can make money on fluctuations in the price of gold, silver, platinum, oil, coffee, wheat and sugar, or on predictions about the price of stocks of Apple, Nike, HSBC and other leading companies as well as on the rise or fall of indices. You don’t need huge investments to try hand in trading binary options. The minimum amount in NordFX is just 1 US dollar or 1 euro. For quick and handy funds deposits and withdrawals, NordFX supports over 20 popular payment systems – the bank transfer, VISA and MasterCard, WebMoney, Skrill, NETELLER, PayWeb, Payza, OKPAY, FasaPay and many more. The history of binary options began in 2008 with their incorporation into the Chicago Stock Exchange roster. In the past couple of years, binary options have been on a major rise as this kind of online earning presents a fantastic opportunity to not only keep one’s capital intact but actually give it a considerable boost. NordFX was founded in the same year as binary options were launched. Since 2008, NordFX has evolved into a leading international broker offering individuals and companies a full range of services and advantageous conditions for Forex trading. Keeping abreast of modern technology, NordFX constantly expands its line of financial tools and products and uses the most up-to-date software.
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Binary options at NordFX 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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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 8-12 DECEMBER 2014 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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GENERALIZED FOREX FORECAST FOR 1-5 DECEMBER 2014 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 24-28 NOVEMBER 2014 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 17-21 NOVEMBER 2014 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 10-14 NOVEMBER 2014 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 analysis, the following can be concluded: - for 10-14 November, the most probable movement of the EUR/USD pair is downwards to the level of 1.2300-1.2340 while a temporary rise to 1.2510-1.2540 is not excluded; - approximately the same can be said about the GBP/USD pair, the main trend being a fall to the level of 1.5760 and the strongest level of resistance for this pair being 1.6000; - for USD/JPY analysts predict a sideways trend, while technical analysis indicators for the most part predict further strengthening of the dollar. Most probably last week’s scenario will be repeated – a small growth against the background of sideways movement; - USD/CHF will carry on striving to rise above the key level of 0.9700. As for last week’s forecast: - the forecast for EUR/USD showed a fall to the level of 1.2470, which is what happened, although the fall proved to be more rapid – the pair finished at 1.2454; - the black candle for GBP/USD was also confirmed, and the pair ended the week at 1.5872, close to the predicted support level; - for the USD/JPY pair sideways movement with a definite rise was predicted but in reality the dollar got strengthened more than expected; - and finally, USD/CHF fully confirmed the forecast, having held a sideways trend all week, albeit with relatively high volatility for this pair. Roman Butko NordFX
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GENERALIZED FOREX FORECAST FOR 3-7 NOVEMBER 2014 Dear colleagues, Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical analysis, the following can be concluded: - for 3-7 November, EUR/USD can be expected to move sideways with a downward slide to 1.2470-1.2480; - approximately the same can be said about the GBP/USD pair – the levels of support will be 1.5940 and 1.5880; - after an impressive growth last Friday, USD/JPY is likely to experience a break in its sideways trend; - USD/CHF will also be in a sideways trend, although in the medium term the pair may rise to the level of 0.9703. As for last week’s forecast: - The forecast for EUR/USD showed a sideways trend with a fall and a rise of 50% by 50%. This is what actually happened – for the first half of the week the pair fell and for the second half it went up. - The forecast for GBP/USD was confirmed 100% – the pair showed a black weekly candle, having fallen from 1.6083 to 1.5940. - The dollar displayed steady growth against the Japanese yen and so fully justified the forecast. - Finally, a sideways trend with a slight growth was predicted for USD/CHF, which is what happened. Roman Butko, NordFX
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GENERALIZED FOREX FORECAST FOR 27-31 OCTOBER 2014 Colleagues, I bring to your attention a summary table in which I’ve collected the opinions of 35 analysts and leading world banks and broker firms as well as predictions based on different methods of technical analysis (26 indicators and special programs). As for last week’s forecast, it was confirmed with 100% accuracy for all four pairs: - EUR/USD displayed a steady fall in the first half of the week, after which the euro won back some of its positions (open 1.27501, low 1.26129, close 1.26695); - GBP/USD also experienced the predicted fall of three black candles; - USD/JPY experienced a steady increase from 107.202 to 108.150; - as for USD/CHF, experts and indicators predicted a side trend with a slight increase, which indeed happened. Roman Butko, NordFX
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Generalized Forex Forecast for 20-24 October 2014 Colleagues, To help facilitate your hard work in the field of forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker companies as well as forecasts based on most different methods of technical analysis (26 indicators and special programs). As for the last week’s forecast, overall it came true for three pairs out of the four: - the GBP/USD pair experienced the predicted drop to 1.5870 as well as the predicted reversal that returned it to the market risk level; - for the USD/JPY pair experts predicted a sideways trend which happened, although with quite high volatility; - the USD/CHF also experienced the predicted drop and reversal; - yet for the EUR/USD pair the majority of "votes" predicted a steady drop and only one system of graphical forecasting showed a growth towards 1.2830. It is this exact scenario that was realized with almost 100% accuracy. Roman Butko, NordFX WE DO NOT ADVISE, WE INFORM!
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We wish to inform you that on October 31st 2014, Currensee and the Trade Leaders Program will cease operation. Through October 31st, NordFX Currensee account holders will not be able to change allocations or allocate further margin to the Currensee Trade Leaders™ Investment Program. Trade copying will continue as usual unless the client de-allocates margin from their account manually. All follower positions will be closed at 9:00am EDT on October 31st. Of course, any remaining funds will sit in your NordFX Currensee accounts. Registration of new Currensee accounts is closed.
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Generalized Forex Forecast for 13-17 October 2014 Colleagues, In order to help facilitate our work in the field of Forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker firms as well as forecasts made based on most different methods of technical analysis (26 indicators and special programs). Please note that I am not making my own forecasts but simply gathering together opinions of different sources on the upcoming movements of the main major pairs. I hope this information will help you set your goals for this week. Or, at least, save you from making wrong moves. I would be genuinely pleased if you, colleagues, do not just pass by but also share your own information on this subject. Roman Butko, NordFX WE DO NOT ADVISE, WE INFORM!
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NordFX News As of July 2014, NordFX customers receive another opportunity to fund their trading accounts quickly and at no cost – by using the OKPAY online system. Deposits are instant and carry zero commissions. OKPAY is a leading online payment system offering services to individuals and companies in over 200 countries. An OKPAY wallet will help you manage funds with ease and efficiency thanks to: - free and simple account registration on the OKPAY website; - lots of ways to load your OKPAY wallet (bank wire and money transfers, checks, various e-currencies, phone payments); - the availability of different types of financial transactions (transfers, sending and receiving of money, withdrawals, conversion of currencies, payments for goods and services and other online payments); - a multi-level security system – from basic protection with security questions and codes, the Extended Validation SSL Certificate to auto-logout, IP address filtering and one-time PIN-codes sent to customers’ mobile phones. Take advantage of the OKPAY payment system and make work with your NordFX trading account even more handy, organized and cost-effective.
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CFI.co: Make the Most of Social Trading at NordFX In its spring issue, CFI.co, a reputable UK financial magazine, published another editorial about NordFX – “Looking for – and Finding – Safety in Numbers”. This time the focus is on the social trading opportunities NordFX offers its clients. To learn more about social trading and how NordFX can help you benefit from it relationally and financially, please see the CFI.co spring issue at: http://cfi.co/magazine/ Earlier, at the end of 2013, the CFI.co readership and judging panel awarded NordFX the honor of “Best FX Broker in Asia 2013” - http://cfi.co/awards/asia/2013/nordfx-leads-in-asia-our-broker-winner-for-2013/
