Bitcoin Forum

Ever since December 2017, NordFX clients are enjoying the ability to trade the most popular cryptocurrencies—Bitcoin, Litecoin and Ethereum—using a 1:1000 leverage ratio (https://nordfx.com/accounts.html).
This ratio is 10 times the market average, and enables clients to achieve a colossal profit with just a tiny amount of starting capital.
In the 11 months of this year the US dollar value of Ethereum has multiplied by 40, that of Litecoin by 20 and that of Bitcoin by 10. Thus, having bought 1 Ethereum for USD 11 in January and having sold it now for USD 440 would have resulted in a USD 429 profit. If, however, the same trade was conducted with a 1:1000 leverage ratio, USD 11 would have been enough to purchase not just 1, but 1000 of these coins.

Cryptocurrency trading is now available on all the account types that NordFX offers its clients. This gives traders exclusive opportunities to hedge their risks through completing numerous simultaneous trades with conventional currency pairs, as well as gold and silver.

NordFX provides yet another bold innovation: the most popular cryptocurrency, Bitcoin, can now be used as the deposit currency alongside the US dollar. This means that a trader can use Bitcoins to fund an account, to store assets, to withdraw profit and, by using cross exchange rates and leverage, conduct transactions with other cryptocurrencies, several dozen currency pairs and precious metals.

As a refresher, leverage is the monetary amount that a broker automatically offers traders for transacting in financial markets. Thus, NordFX allows traders and investors to make transactions of a volume equal to 1000 times that of their own assets.

https://nordfx.com/

1:1000 is too much. Basically it will almost guarantee getting a margin call and losing all your capital. Be very careful.

Hesus they got another level of degeneracy for all you gamblers out there. My godness I barely could handle the 100x and even then only when I was certain no way I would touch 1000x with a fifty foot pole. Good luck to those who will gamble here and god bless their souls when they get rekted.

As the great bitcoin rally continues, new crypto billionaires appear.
This December, NordFX presents the ULTIMATE offer:

Trade the most popular cryptos (Bitcoin, Litecoin, Ethereum) using MetaTrader4, and get:

– Narrow spreads: direct access to liquidity from all reputable exchanges
– Low commissions: up to 0.1% per side
–  Margin Trading: leverage of up to 1:1000. We credit your trading for FREE!
– Ultimate safety of your funds
– Trade round the clock 24/7, 365 days a year.

As you are reading this, bitcoin bulls look set to push prices as high as $20,000 over the next few days.
Bitcoin has already exceeded gold, oil and diamonds in value.
What next?

Start Now
THE ULTIMATE WAY TO TRADE BITCOIN AND OTHER CRYPTOS!
https://nordfx.com/ (https://nordfx.com/)

#forex, #forex_forecast, #cryptocurrencies, #bitcoin, #litecoin, #ethereum

NordFX’s 1:1000 Leverage Offering is a Revolution in The World of Cryptocurrency Trading

Since December 2017, the clients of brokerage firm NordFX have been enjoying the unprecedented opportunity of trading the most popular cryptocurrencies – bitcoin, Litecoin, and Ethereum – with a leverage ratio of 1:1000. This is tens and even hundreds of times the size of the leverage offered by the firm’s competitors.

Cryptocurrency transactions can now be made on Pro and Zero accounts. This gives NordFX traders a new hedging ability, as they can now conduct simultaneous deals with conventional currency pairs, silver and gold, all with interbank spreads starting at 0 points.

Read more: https://coinidol.com/nordfx-revolution-in-cryptocurrency-trading/

https://coinidol.com/upload/resize_cache/iblock/fa0/900_900_1/fa0aa49603177bff8c31d1eaaebced79.jpg

At the very beginning of the new year, the winners of the 2017 IAFT Awards were announced. NordFX was overwhelmingly declared ‘The Best Broker to Work with Cryptocurrencies’.

The organizer of the IAFT Awards is the International Association of Forex Traders (IAFT), in which more than 200,000 traders from across the world take part. Each of them had the chance to express their appreciation and trust for any given broker by voting on the awards website.

We are grateful to all who gave their vote to our company. It should be noted that the nomination ‘The Best Broker to Work with Cryptocurrencies’ is new for this award, and the victory in this inaugural year undoubtedly confirms that the services NordFX offers cryptotraders today are not just in demand, but are also unique.

Even when one’s starting capital is low, leverage of up to 1: 1000 for transacting with bitcoin, Litecoin and Etherium, combined with minimal spreads, opens the possibility of making significant profits off both the growth and fall of cryptocurrencies. The ability to have an account in bitcoins should interest not only active traders, but also passive investors, who are used to working only with crypto exchanges. Moreover, opening such an account takes only about a minute and takes place exclusively online: this is yet another undisputed advantage of NordFX.

https://nordfx.com

We discuss the opinions of experts on what awaits bitcoin in the coming year, as well as the unique trade offering of the brokerage company, NordFX.

https://nordfx.com/data/posts/2018/01/15/1516037530_Forecast_for_Bitcoin_2018.jpg

The past year has been a landmark one for bitcoin. Even those without the faintest idea of what digital currencies were, have certainly heard the magic word, bitcoin, at least once or twice. It was everywhere: in newspapers, on TV, on the radio, on the Internet. This wasn’t surprising: over eleven months of 2017, this digital currency has grown 20 times (from USD 900 per 1 coin to almost USD 20,000). The surge in demand pushed it higher and higher even as queues of those wishing to gain unfathomable profits gathered on crypto-exchanges. And then, suddenly,
in just the one week that lasting from 12 December to 17 December, bitcoin lost over 45% in value. This shattering collapse showed that a strategy based on the "buy only" approach was not always profitable for traders and investors: it could also be disastrous.
So, what is ahead for Bitcoin in 2018? Should one buy it or, instead, sell it? Or just dismiss these virtual coins as something overly unstable?

"It's worth mentioning," says John Gordon, leading analyst at brokerage company NordFX, "that during the period bitcoin fell, many other crypto currencies were growing. This suggests that crypto-investors are reluctant to leave the blockchain market and would prefer to, depending on the situation, shift from bitcoin to other coins, and vice versa. Nobody wants to give up the opportunity to receive hundred and thousand percent gains. Therefore, one should not expect a massive outflow of funds from the crypto market to the forex market or to the stock market. The only question is which of the coins will be most investment-worthy in 2018. Will bitcoin retain its leading position, or will it be replaced by another crypto currency, say, Ethereum? "

"Because of growing commissions and very slow transactions, bitcoin is no longer needed as a means of payment, according to Jez San, developer and CEO at FunFair Technologies. In his opinion, bitcoin is an unreliable investment opportunity as well, despite it showing impressive results in the past year. San believes that it is obsolete and looks like the DOS operating system, whilst Ethereum is like Windows or Mac OS: this is why developers create thousands of applications on it, suggesting that it is Ethereum that has the bright future."

Macro expert Peter Tchir is also skeptical of bitcoin: in an interview with Forbes, he said it currently behaves like any regular overbought asset, which suggests that consumer interest in it is declining.

However, it is possible that the decline is temporary, and demand will resume. Thus, according to a recent survey by Harris, only two percent of Americans own bitcoin, but 19% said they plan to purchase it within the next few years. This implies a tenfold increase in the market.
"It is possible that the cryptocurrency bubble will reach USD 10 trillion, and this is 20 times more than today," said Mike Novogratz, a billionaire who has invested a third of his fortune in cryptocurrencies, in his interview with Fortune.

"We have analyzed the expert opinions on the future of bitcoin," says John Gordon of NordFX, "and if we try to bring them to some common denominator, the following picture emerges: experts do not preclude the fall of bitcoin, seeing 4,500-10,000 dollars per coin as a minimum. However, this fall, if it takes place, will only be temporary. The general outlook is optimistic enough: during 2018 this currency may grow to 50,000-100,000 dollars.
Of course, these figures look very impressive, but if you consider that this cryptocurrency would start from the $15,000 mark there is no longer a reason to talk about any twentyfold increase in its value, like last year. The growth will be much more modest: 3-5, maybe 6 times. But, as you know, this is, nevertheless, several times the rate of return of investments in stocks or traditional currencies. "

Spencer Bogart, an expert commenting in the Daily Express, named USD 50,000 as the target. He, along with Julian Hosp, founder of the cryptographic company TenX who proclaimed a figure of USD 60,000 on CNBC, agree with John Gordon’s assessment. As for the well-known anti-virus vendor John McAfee, he thinks the price may rise above USD 100,000 per bitcoin.  
  
"Way more modest are the forecasts from WalletInvestor," continues John Gordon, "thus, according to their experts, Bitcoin will rise to around USD 28,000 (85% increase) in 2018, Ethereum will reach USD 1,940 (60% increase), and Litecoin USD 405 (60% increase). But even with such a forecast, cryptotraders and investors can multiply their profits many times over with the aid of leverage, which we as a company are ready to provide them. NordFX can credit its clients' transactions up to 1000 times their own capital, absolutely free of charge and without any collateral. Thus, to buy 1 bitcoin at its current price, it is enough for an investor to have only a couple dozen dollars on his account. This offering is unique in the market. As for opening an account, it only takes a minute or two, after which the client can make transactions to both buy and sell cryptocurrencies. The latter, by the way, is also very important, since it allows you to make a profit even in the event of potential cryptocurrency collapse. After all, as last December showed, this is not impossible, even with numerous optimistic forecasts.

Currently NordFX gives clients the possibility to carry out transactions with the three most popular cryptocurrencies: bitcoin, Litecoin and Ethereum. We are, however, closely monitoring the blockchain market and, should the situation change, we are ready to quickly expand the list of available trading instruments."




http://nordfx.com/promo/bitcoinleverage1000.html (http://nordfx.com/promo/bitcoinleverage1000.html)


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

I would advise against this. The market is volatile as it is and inexperienced traders are everywhere. People can lose a lot of money like this...

The results of the MasterForex-V Academy Expert Council voting are out, and NordFX has been named the ‘World’s Best Broker’ for the third year running. In addition, our affiliate program has been recognized as the best in 2017 among all Forex brokers.

The experts of the Academy evaluate the work of each brokerage along over 20 criteria, which include the length of the company's operation in the market, the weight of its licenses, and the trading terms it offers to its clients. As of 2017, an additional assessment of the broker's activity by traders and currency market investors has also been added to the criteria.

And so, considering the firm’s financial results of 2017, its reliability, the growth of its client base, the feedback the firm received on its work, and many other factors, the experts unanimously declared our company the winner in the above categories.

As ‘Stock Exchange Leader' magazine writes, the Council of Experts emphasized the following feats NordFX achieved, among others:
- offering instant access to the interbank market,
- improving the speed of order execution and reducing spreads by connecting new liquidity providers,
- launching a new two-level partner program that offers the most lucrative terms in the market,
- introducing cryptocurrency trading with the revolutionary leverage ratio of 1:1000,
- introducing new bitcoin-denominated trading accounts.
Other achievements include presenting many other innovative solutions that not only enhance the efficiency of the trader, investor, and partner experiences, but also simultaneously reduce trading and non-trading risks.



http://nordfx.com/promo/bitcoinleverage1000.html (http://nordfx.com/promo/bitcoinleverage1000.html)

#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

lots of scam accusations latly on FPA: http://www.forexpeacearmy.com/forex-reviews/5142/nordfx-forex-brokers
what is happening?

I quote capoeira too: what about thos scam accusation?

I also have an account on nordFx (opened in 2015, whe on FPA was rated one of best brokers) but never made any trade .

Usually all reviews from anonymous traders who on request can't provide any screenshots of the trade or even account number. But all these "cool" traders, that all "earned" thousands of dollars in profits. This is "black PR" of the competition.

Clients who are with us for a long time and who really trade - they are all happy.

yea. I see there a 0 court cases opened. just wondered what is happening there.

We always follow honest cooperation and in each case very carefully examine the transactions that are structurally very similar schemes for "laundering" of bonuses, and therefore suspicious.
If these suspicions are strengthened, we simply return this to the client all his money and cease cooperation with him.

Unfortunately, those who engage in the laundering of bonuses from different brokers, is quite a large international community, and they immediately attack the broker with negative reviews and accusations that it is a kind of blackmail, which we can not be.

But at the same FPA is much more positive feedback. With those clients who trade honestly, we had no problems. The number of customers complained to them over the past half year has increased from 1 million to 1.5 million and continues to grow. And this is the most obvious indicator of your broker.

I see. bonus hunters are anoying

I have just read your WP and I must admit it is one of the best WP i have ever read..But now I have a question. Why blockchain?? Ur project could be easily done without it. What is the urgent need in decentralization??

Transparancy, the generation of publicly verifiable (distributed generation) randomness, ensured smart-contract based payoffs, unique ability to design economic incentives within the ecosystem.
I think it is more then enough reasons why blockchain is suitable here. Dont u think so?

Very good statment Sir! The blockchain here os perfectly suitable!

What makes the project unique? I actually cant understand..It seems u will have a lot of competitors

WHo is competitors here?? I have not seen any project that could offer 1000x leverage

well, what is the sense of 1000x leverage if 100x already exist???

Will u provide the buyback program? I mean in future? Like in a year or so

Most probably not! What is the sense of buy back program? Moreover Im not sure that it would not break the SEC rules

Agree with u sir. Moreover if there is buyback program this token may be considered as a security one and thats why it wont be listed on top exchnges.
So I hope, really hope, there will be no buyback

How many team members do u have?
How many member are in your core team?

as far as I know more then 10. Personally me thinks there is no urgent need in huge team. The project is almost done already...why so many employeers??

Buyback it is like guarantee that here will be price growth! Moreover it does not break any SEC regulations

Will u implement the API of exchange to the platform for the immidiate token exchange within platform? Or no such plans yet?

What sense of it?? Or it is very hard to u to buy/sell tokens within exchange??

I believe there is a definite need for the use of blockchain with this project. Anyone who understands the power and importance of decentralized control of a marketplace, product, service, etc knows that the blockchain is the only way to accomplish these things. I'm curious what your thinking could replace what blockchain has created. Out of the thousands of projects in ico's that are coming out each and every day, this is actually one that makes sensible use of blockchain. The Social Media stuff or the debit cards or any of the other things can be done without blockchain. This in particular actually has the capability of becoming a backbone of the blockchain.

Very like your explanation Sir! Thank u. Now I agree that blockchain here is suitable

Well said Sir. I also think that blockchain here is perfectly suitable. However I also have some questions to the team like - does this project need any kind of licence?

Licence will be needed only if project start accepting fiat. For crypto there is no need in any kind of licence

Why this will rise in price?? What are the reason for that?/

Because of demand. When project faces mass adoption the price will skyrocket

Who is ur core audiene?? Traders or who??

The whole crypto related people literally. However traders are that part of people the team would pay special attention. imho ;D

1:1000 leverage in a volatile market like cryptocurrencies is totally insane. If you use that leverage entirely you are very likely to lose your whole capital, since a 0.1% drop of the price if you are long would already put you in big trouble - in other words wipe out your money.

http://www.investisseur-particulier.fr/wp-content/uploads/2011/03/mise-en-garde-AMF-1-12-2010_9731_1.pdf

The French stock market regulator called "AMF" (SEC for US) reports your service as a scam (in resume).It happens ONLY when there is a scam, and not for Kraken, bittrex or other exchanges.

Good night :-)

what if other way round?? 0.1% of gain with 1000 leverage and now u have made a fortune!!

0.1% fluctuation in crypto is literally every second! But with 1000 leverage u need a big player to buy your part of tokens with ur leverage for the purpuse of ur profit. it is easy to make money here on liquidity market

Consumers of what market are u going to pay special attention? forex traders primarly?

as I understood yes. The forex market is dieing slowly..And traders are moving to crypto from there. And this project will be perfectly suitable for their needs

all the traders are core audience here and I think team would pay special attenting exactly for them

I would like to participate in ur bounty. Do u have it? Share the link to the thread because I could not find it

1000x leverage is very and very risky but no exchange could offer that! NO one!! NORD FX is unique.. Someone would argue that there is 100x leverage on top knock exchnage but cmmon guys, habe u tried that?? U money will be in hold forever!

I would also add to this statement that now the new user registration is closed on some exchnages but here users will be able to open the account within few seconds

Have u any partnerships now?

It is not hight time for parthenrships. Better to wait until ICO is finished and then make an announcment

Actually partnerships are always good. No matter when they are announced. It creates hype and buzz.

agree...Im very curious have the team considered any partnerships in future?

Why ur token will rise in price?? U know the usecase is quite clear but still how it will trigger the price growth?

because of demand. It will be huge here for sure. Most of risky traders will switch on here

do u really think there are a lot of such traders around?? Im very doubtful

I think yes. Why not? Look at the bloody market! Some people with x1000 leverage lost their life probably but there other one have made a fortune!

How are u going to provide the liqudity for the token?

I think it is possible to create the fund like stox did for that purpose

Stox created only bot for the volume mainteining. Thats it. What is the sense of that fake volume??
Better to implement bacor here

What is the sense of bancor?? there is no liquidity and volume there. Maybe it will be in future but now now for sure

U are right it is for now but better to be listed there now rather when it gas grown a lot and listing there will be much more hard

Why more hard?? There will be no listing fee or smth similar. It is cool option how to increase the liquidity for this token

It require the time..communicate with bancor team, settle an agreement..It is wasting of the time. Moreover the project is only on ICO stage, it is too early to speak about that

What exchanges are u going to be listed? any preliminary agreements??

If u dont know any teams disscussions or announcments about the listing may be considered as SEC violation and may lead to token will be kicked off the exchange where it would be listed BEFORE the listing actually.
So better to keep patience ;)

agree,  there were such cases on binance when team has made announcment in advance and paid for that being kicked off..

You cannot usually even find 1:1000 leverage in Forex, where the market is so much milder than in cryptos, and there is a reason for that. With 1:1000 your capital will simply vanish at the first oscillation of the price in the wrong direction.

Trading 1:1000 is a sure fire way to go broke. You have to predict the bottom with certainty every time, if you are even slightly wrong then you're broke. Anyone doing this needs to have their head examined.

But u can the same way become rich right? Buy now btc and sell in a hour after correction. Using bollinger bands for 5 min trading it is more then possible to make thousends of dollars in a second

How are u going to be profitable? I mean it is not charity project, right? How are u going to generate the revenue??

fees dude. It is all about fees. If project faces mass adoption it will generate a lot of trades and thats wht founders will have anough cashflow

fees could not generate enough cash flow. The platform should be as popular as Bittrex or Binance is now

even if it will work in a half as binance does now then cash frlow would be insane! I will look forward this ICO. Very promising

What jurisdiction do u belong?? Off shores somewhere??

It was not announced but I think yes. The reason why most of crypto start ups prefer off shore zone is because of authority there is loyal

What currencies will be used on platform?? Only btc?

All top currencies as far as I know. Btc, ltc, eth, etc

Better to accept only btc trading. 1000x leverage require liquidity and only btc market could provides that

Where the head office is located? Im curious where the team is based. Does anyone know??

The off shore jurisdiction most likely. It is the best way as for now because there is no law in the world about crypto

Gibraltar of Cayman Islands mosy likely. nevertheless it does not matter literally. Better to worry about the project overall and could it be successful or not

Why have u chosen ETH as a basis for this project?? There are better options like waves or ardor..ETH has a lot of troubles with the network now

ETH is the top now + it only one project that have smart contracts that have already proved their capability to handle a lot of transactions

Smart contracts is the only thing ETH has. When cardano or waves realese their smart contracts ETH wont be needed anymore. IMHO

For this project ETh is perfectly suitable. Smart contracts here are urgently needed and team has no time to wait until waves or other tech create theit smart contract. Moreover no one could guarantee that their smart contracts would be better. they will be scrypted not turing complete

Have u participated at any conference?? I would like to read the last reports from that conference? Thank u

as far as I know the team is preparing the article about that so stay tuned ;)

more and more news coming here everyday...the project will easily reach soft cap!

Why is this project unique?? There are plenty other options around for trading with the leverage

No other broker would give u an opportunity to trade crypto with 1000x leverage ! Only fiat pairs. Byt NordFX will give both opportunities - trading crypto and fiat

Indeed! Really killing feature. I suppose this thing will atttact really a lot of traders from forex

Why exactly forex?? I think it will attract a lor of traders from crypto. This project could challenge bittrex or binance IF they create the smooth interface

Forex trading is moving now for more profitable investments and trades. Crypto is the answer for them and nordfx is the perfect platform for trading

Are there any projects u have partnered with??

No as I know. However It is better to postpone any parthenrships as for now because market will neglect all the positive news now

The matter of fact that project is only on IcO stage this is why all news will be appreciated by the market, not neglected for sure

any news what exchanges this token is going to be listed? Thank u

The team is in negotiation with all top knock exchanges at the moment. But they could not announce any news in advance

How many team members do u have?? In core tram in particular

A little bit less then 10 as far as I know. They also gonna to hire more devs after ICO

Do u really think there is an urgent need in more devs?? The existing team now is responsible enough to deliver the project

I literraly dont see any difference between this project and ordinar crypto exchanges..what is it?

Where else have u seen the opportunity to trade crypto with 1000x leverage?? Only 100 exist as far as I know, however it is mostly for fiat pairs. There is no similar project around. It is completly unique one!

Indeed! This project has large fieal to dominate! No doubts it will be successful

What about blockchain?? Could this project be done without it??

I think no. Blockchain will provide transperancy and security here. In future it will have an opportunity to implement the decentralized exchange

Decentralized exchange?? it is barely possible. It very hard task..For this would be wise to create the independent project

When tokens will be distributed? Immidiately after the purchase or after the whole token sale?

If smart contract has been already deployed then immidiatelly. if not - then after ICO only

Well, is smart contract here already deployed? And one more question  is it audited?

Now six currencies:  Btc, ltc, eth, Dash, Ripple, Bitcoin Cash.

NFX CAPITAL VU INC, VANTU HOUSE 133 SANTINA PARADE, ELLUK, PORT VILA, EFATE, VANUATU

You are right, at the moment we are the only broker offering such conditions on trade cryptocurrency.

One of our main priorities at NordFX are the interests of our clients and the protection of their funds. To act on these priorities, the company is taking a new step by joining the project Serenity Financial (https://serenity-financial.io/en).

Serenity Financial is an independent arbitration platform that will use blockchain technologies to manage the relationships between traders and brokers.  All trade operations will be recorded in the blockchain, with traders being able to check the accuracy of trade executions by brokers via the Verify My Trade system. The brokers, on the other hand, will be able to demonstrate the speed and accuracy of their service to traders at all times.

 “We know that the NordFX team constantly strives to improve its services by delivering only the most cutting-edge products to clients,” says Denis Kulagin, CEO of Serenity Financial. “This is why we are delighted by your support: it means that NordFX clients will be among the first to have access to our services, which aim to make online trading even more safe and transparent.”

The project is currently certified by the Financial Commission (FinancialCommission.org) and is undergoing its ICO, which is planned to run until March of this year.

https://nordfx.com (https://nordfx.com)

This really becomes like entering a casino and bet at the roulette on red or black - 50% chances you lose your money. Remember that you need only a 0.1% movement of the price below your entry point to lose ALL your capital. If this oscillation happens right in the moment your order gets filled, and this totally beyond your control, you are done and your can leave the casino at once.

Let me give you a very simple example:
The minimum lot is 0.01. In order to open such a position with a leverage of 1:1, the trader needs a Deposit of $1000. (In reality, of course, you still need to consider the spread).
With leverage 1:1000 he's going to need... only $ 1. And $999 will be in reserve in case the price goes against its position. In this case, even using the notorious martingale with doubling of unprofitable positions, the trader has much more chances to get out of drawdown.

In case the position was opened correctly, the profit will be the same there and there.

Therefore, leverage is just a tool, and how to use it depends solely on the trader himself, his caution and his financial appetites.

Well, if the minimum lot is 0.01 and you'd need 1000$ to open a 1:1 position then of course it all makes a sense. I was unaware of that limit, since most cryptocurrencies exchanges don't have limits when you buy or sell coins - but of course if this exchange is resembling forex brokers where you can also short the market, then is suddenly makes sense. So you can short coins on the platform?

First, a review of last week’s forecast. It should be noted that the forecast for bitcoin and other cryptocurrency pairs proved to be almost 100% true.

- The forecast for EUR/USD once again confirmed that the signals of a quarter of oscillators that the pair is overbought / oversold, provide very good reasons to expect a break in the trend. This time, according to 45% of analysts confirmed by such signals, the pair had been expected to turn north and return to zone 1.2350-1.2530, which was what happened. Starting from Monday, the pair was growing steadily and on Friday, it rose to the highs of the last four weeks, reaching the level of 1.2555. After that, the dollar played back 155 points, and the pair fell to the level of 1.2400;  

- A similar forecast was given for GBP/USD. The final target was to return to the January highs in the zone 1.4150-1.4350. And this task was almost completed. On February 16, the pair climbed to the height of 1.4145. However, it did not manage to stay there, and met the weekend at 1.4030;

- When giving a forecast for USD/JPY, the majority of experts (60%), supported by graphical analysis, expected that the pair would necessarily test the lower boundary of the mid-term side corridor 108.00-114.75 and, in case of its breakthrough, might fall to the low of September 2017 - 107.30. In reality, the pair not only fulfilled, but even exceeded the task, losing 325 points during the week and having fixed a local bottom at the horizon 105.50. As for the end of the trading session, the pair completed it at around 106.30;  

- Cryptocurrencies. Last week, based on the opinions of crypto-exchanges experts, we gave the first forecast for four basic crypto-pairs. And it turned out to be practically absolutely true:
- The forecast for Bitcoin (BTC/USD) expected the pair to grow to the zone 10,300-12,160. In reality, it has grown to the level of 10,240;
- Ethereum (ETH/USD): the forecast expected the growth to the zone 1,025-1,125, in reality, it grew to the level of 942.00;
- Litecoin (LTC/USD): a growth was expected to the zone 173-213, in reality, it grew to the level of 235;
- Ripple (XRP/USD) - growth to the zone of 1.015-1.185 was expected, in reality it grew to the level of 1.164.


As for the forecast for the upcoming week, summarizing the opinions of analysts from a number of banks, broker companies and crypto-exchanges, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Almost 70% of experts, supported by graphical analysis on D1 and indicators (90%), expect the pair to continue growing. The nearest target is the zone 1.2500-1.2555, the next one is a strong support / resistance zone of years 2012-14, 1.2755
As for the bears' supporters, they expect the pair to fall to support 1.2335, and then another 100 points lower - to 1.2235. It should be noted here that when moving from a weekly forecast to a medium-term forecast, the number of supporters of dollar strengthening increases from 30% to 65%;

- GBP/USD. The forecast for this pair repeats the forecast for EUR/USD for the second week in a row, with only small differences. 65% of analysts, graphical analysis and the vast majority of indicators vote for the growth of the pair. Only 10% of oscillators on D1 signal that the pair is oversold. The support levels are 1.3900, 1.3835 and 1.3765. The resistance levels are 1.4145, 1.4275 and 1.4345.
Just as in the case of EUR/USD, in the medium term, the number of supporters of bears increases from 35% to 60%. The goal is to return to zone 1.3455-1.3585;

- USD/JPY. Experts' opinions about breaking the lower line of the medium-term side corridor 108.00-114.75 are divided almost equally. 45% consider it to be false and expect the pair to turn upwards. 20% of the oscillators agree with this scenario, signaling that the pair is oversold. As for the remaining 55% experts, they consider the breakthrough to have happened, and the target of the pair in this case is zone 104.00-105.55;

- and, finally, cryptocurrencies. As they are traded on weekends as well, it is more appropriate to look at a seven-day period, from Saturday February 17 to Friday, February 23.
Recall that the forecast is based on the opinions of experts from a number of leading crypto-exchanges, as well as indications of technical analysis.
- Bitcoin (BTC/USD) - MFI indicator on D1 approaches the oversold zone, but has not yet reached it. Analysts agree with this as well, believing that the pair can continue its growth to the 10.500-11.000 zone, after which it is expected to turn and fall to the level of 9.470, and then return to the zone 8.300-8.970;
- Ethereum (ETH/USD) may approach the mark 1,000 at the beginning of the forecast period. Then this pair is also expected to turn to the south and to go down to the echelon of 775-840;
- Litecoin (LTC/USD) - MFI indicator is already in the oversold zone; volume indicators indicate the increasing activity of bears. According to experts, the pair's growth potential is almost exhausted, but we cannot exclude its growth to the mark 250. After that, a return to the level 220, and in case of its breakthrough - a drop to the horizon 165;
- Ripple. As for the pair XRP/USD, it finished the last week was rather sluggishly, with small volatility and minimal trading volumes. However, the pair can still try to get to the height of 1.164, and only then will it go to the south - to support 0.83, and then, possibly, even lower - to the horizon 0.77.


https://nordfx.com/promo/tradecrypto.html (https://nordfx.com/promo/tradecrypto.html)


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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At the very start of this year, the IAFT Awards winners were named, and our company has won in the nomination "The Best Broker to Work with Cryptocurrencies". And now, following the results of voting in the framework of another award, “Forex Awards”, NordFX has been named the Best Crypto Broker Asia of the past year.

Starting from 2010, expert community consisting of traders and visitors to the Forex Awards website has been selecting winners in a number of prestigious categories by vote, where this year, for the first time, nominations associated with cryptocurrency market, have been added.

"We are proud to present the Forex industry top companies for 2017 carefully selected in 16 nominations," the organizing committee says in a statement. "This year we have enhanced our range of nominations with new Awards which recognize the outstanding commitment of companies to develop the new crypto currency market."

As can be seen from the voting results, NordFX's activities have been highly appreciated by professionals in both Forex and crypto industries. First and foremost, we are talking about the wide opportunities that the use of leverage up to 1:1000 in trading Bitcoin and other cryptocurrencies opens, which is a unique innovation not only for Asian markets, but also for other markets.


#forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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First, a review of last week’s forecast. It should be noted that the forecast for bitcoin and other cryptocurrency pairs proved to be almost 100% correct.

- EUR/USD. Recall that, in the short term, only a third of experts expected this pair to fall. When shifting from the weekly forecast to medium-term forecast, however, the number of supporters of the US currency strengthening increased from 30% to 65%. The dollar decided to get ahead of the events and, starting from Monday, dragged the pair down. Analysts named the levels 1.2335 and 1.2235 as targets. The pair ended up reaching the first of them, and almost got to the second one, fixing the local bottom at 1.2259. It then turned and completed the week in zone 1.2295;

- A similar forecast was given for GBP/USD. And just as in the case of EUR/USD, in the medium term, the number of bears' supporters increased from 35% to 60%. Only 10% of oscillators on D1 now signaled that the pair was oversold, which meant a fall would only be expected in early March. However, the pair managed to lose 175 points from Monday to Thursday. However, afterwards the euro won back most of the losses, and the pair completed the trading session at 1.3965;

- USD/JPY. Here experts' opinions about the breakdown of the lower line of the mid-term side corridor 108.00-114.75 were divided almost equally. 45% considered it to be an unrealistic scenario and expected the pair to turn upwards. 20% of the oscillators agreed with this, signaling that it was oversold. The weekly chart shows that the pair did indeed almost reach the horizon of 108.00, after which the forces of the bulls dried up, and it rolled back 110 points lower, indicating a new level of support / resistance at 106.90; 

- We now move to cryptocurrencies. It is known that the primary task in this forecast is to determine trends. Here the forecast turned out to be 100% accurate. As for the goals, because of the unusually high volatility of these pairs, it is more appropriate to talk not about levels, but about support / resistance zones, which have a fairly wide range. Even so, the forecast turned out to be quite accurate here as well:
- Giving a forecast for bitcoin (BTC/USD), in mid-January we called the $10,000 zone as one of the key zones. It is around this horizon that the pair has been fluctuating all the time. As for the weekly forecast, it looked like this: growth to the 10,500-11,000 zone, followed by a reversal and fall to 9,470. Indeed, the pair went north in the first half of the week, reaching the level of 11,750. However, by Wednesday, it was already possible to observe a double, and sometimes a triple divergence on the charts of many oscillators. And soon there followed a trend reversal, as a result of which the pair fell to the level of 9.555;
- Ethereum (ETH/USD): according to the forecast, it would first increase to 1,000, then decrease to 775-840. In reality, it showed growth to 975.80, then a reversal and a decline to 783.80;
- Litecoin (LTC/USD): according to the forecast, it would first increase to 250, then turn and return to level 220, and in case of a breakthrough, drop to 165. It ended up growing to 251, then turned and fell to 180;
- Ripple (XRP/USD): the forecast indicated growth to 1.164, and then a turn and return to the support at 0.83, or even 0.77. It ended up growing to 1.143, then the turn and fall to the level of 0.79.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Almost 70% of experts, supported by the overwhelming majority of indicators, expect the pair to continue falling, identifying 1.2200 and 1.2165 as the nearest support levels. The following support is at 1.2070.
When moving to the medium-term forecast, the proportion of bears decreases from 70% to 45%. Half of the trend indicators and oscillators on D1 have already taken a neutral position, and graphical analysis on the daytime time frame points directly northwards: it believes that the pair will first reach the resistance at 1.2550, and in case of its breakthrough, will rush to 1.2685;

- GBP/USD. Most indicators here are painted green. The opinions of analysts are divided exactly in half: 50% support the fall of the pair, 50% support its growth. When it comes to graphical analysis, H4 displays movement in the 1.3835-1.4145 lateral channel. When moving to D1, the pair's oscillation range expands to 1.3765-1.4345.
It should be noted that in the medium term, almost 70% of experts are already voting for the pair’s decline, expecting the pair to return to 1.3300-1.3550;

- USD/JPY. For the second week in a row, experts are unable to reach a consensus regarding the breakthrough of the lower line of the medium-term side corridor 108.00-114.75. Only 5% of the oscillators so far signal that the pair is oversold. However, 30% of analysts, supported by graphical analysis on H4 and D1, still consider the breakthrough to be a false alarm and expect the pair to return to 107.80-108.00, and then even higher to the resistance at 109.85.
As for most experts, they believe the pair will certainly once again test the support at 105.54 and, in the event of its breakthrough, will rush to 104.30. In the medium term, they believe it will go even further to the 2016 low in the 98.99-101.20 zone;   

- and, finally, the main asset of the cryptocurrency market, bitcoin. Experts, supported by volume indicators and oscillators, believe that BTC/USD will continue its decline until the middle of the week, reaching a local bottom in the 8,400-9,040 zone, after which a trend reversal will follow. The pair will then return to the levels of 9,900-11,000.
Analysts believe that similar dynamics can be expected from the rest of the cryptocurrency pairs NordFX makes available for trading (ETH/USD, LTC/USD, XRP/USD, etc.). They believe the downtrend will continue until the end of February, followed by a rebound and a return to the highs of the previous week.



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Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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First, a review of last week’s forecast:

- EUR/USD. Recall that almost 70% of experts, supported by an overwhelming majority of indicators, expected the pair to continue falling, naming the vicinity of 1.2165 as one of the targets. They were right - on 1 March, the pair found a local bottom at 1.2155. But then, thanks to the statements of the new Fed Chair, Jerome Powell, and US President Donald Trump, the dollar began to lose its hard-won positions. Trump's words about the intention to introduce import duties on steel and aluminium led to some talking about a new trade war, especially after the sharp and prompt reaction by the Head of the European Commission. As a result, the pair soared by 170 points and completed the week at 1.2320;     

- As for GBP/USD, analysts' opinions split exactly halfway: 50% voted for the growth of the pair, and 50% for its fall. (In the medium term, the number of bears' supporters increased to 70%). The last forecast was absolutely correct, and the pair dropped to 1.3710. After that, there was a rebound, and it froze at 1.3797;

- USD/JPY. 30% of analysts, considering the breakdown of the lower line of the mid-term side corridor 108.00-114.75 false, expected the pair to rise above 107.80. Starting on Monday, the pair did indeed go up, quickly reaching the height of 107.67. However, a U-turn followed and, as though under the orders of the expert majority (70%), the pair tested support at 105.54 and completed the week 20 points higher;

- We now move to cryptocurrencies. With a standard leeway, the trends and goals of Bitcoin - the driver of the cryptocurrency market - were correctly determined. As expected, BTC/USD continued to move near the $10,000 horizon. The forecast assumed a decline of this pair to 8,400-9,040 at the beginning of the week (the reality was 9,253), after which it was expected to turn and return to 9,900-11,000 (the reality was 11,160).
As for the other cryptocurrency pairs NordFX serves, they enjoyed a relatively calm weak. The range of fluctuations for XRP/USD, for example, was just $0.15 compared to $0.35 a week earlier.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Almost 60% of experts are confident that a trade war is imminent, and that the dollar will therefore continue its decline. This means EUR/USD will go up at least to the highs of this year’s January-February at 1.2500-1.2555 in the next couple of weeks. The nearest resistance is 1.2400.
Graphical analysis on D1 is even more resolute. According to its forecast, the pair’s northwards hike may even take it to the highs of spring-summer 2013 at 1.2755.
As for the oscillators, they are set to buy on H4, but remain bearish on D1. It should be noted that the number of supporters of the fall of the pair increases from 40% to 55% among experts in the medium term.
We must also consider that at the time of writing the results of the parliamentary elections in Italy - an event that could seriously affect the European currency - are not yet known. One should also pay attention to the results of the ECB meeting on Wednesday 7 March and to the US labour market data announcement on Friday 9 March;

- GBP/USD. The indicators here are overwhelmingly (85%) painted red. As for analysts, the number of supporters of the fall of the pair is at 60%. The main goal is in the 1.3455-1.3600 range. Meanwhile, 40% of experts, 15% of oscillators, and graphical analysis on D1 are all bearish. The nearest targets are the resistance levels at 1.3855, followed by 1.4065 and 1.4145;

- A press conference on the next decisions of the Bank of Japan should take place on Friday 9 March. However, experts do not expect it to offer any surprises. 70% of them, supported by trend indicators, look south, predicting the fall of USD/JPY to 102.75-104.30.
As for the alternative point of view, the remaining 40% of analysts, supported by 15% of oscillators, see the pair as oversold. If these signals prove correct, the pair will still try to approach the lower boundary of the medium-term side corridor at 108.00. The nearest resistance is 106.40 and 107.65.
Graphical analysis on both H4 and D1, however, shows a rare unity that suggests that the pair will initially decline to the support at 104.75, and then turn and rise to 106.40-107.15;   

- BTC/USD. The main forecast sees Bitcoin grow to $12,160-12,980, after which, in the second half of the week, it will U-turn and return to 10,350-10,850.
ETH/USD may rise to 1,160 in the first half of the week, after which, just like with Bitcoin, a trend reversal and a fall to the 900-940 zone are expected.
Experts expect similar dynamics from LTC/USD as well: an initial rise to 240, followed by a drop to 180-200.
As for XRP/USD, which moved in a very narrow side corridor for the previous week, an increase in market volatility may drive it upwards to 1.003-1,075, after which it could return to the support at 0.915.



https://nordfx.com/promo/tradecrypto.html (https://nordfx.com/promo/tradecrypto.html)


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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First, a review of last week’s forecast:

- EUR/USD. Most experts (60%) had expected the growth of the euro first to 1.2400, and then even higher to the highs of past January-February at 1.2500-1.2555. In the first half of the week, the pair did go up, but the bulls’ efforts were enough to raise it only to 1.2445, after which the bears played back all the losses, and the pair finished almost at the same place where it started the week, namely 1.2305;

- As for GBP/USD, the volatility of this pair was not as strong as expected, and the pair stayed within the 1.3765-1.3930 range and did not reach any of the set goals. As a result, its movement can be described as a lateral trend with Pivot Point 1.3850;

- USD/JPY. 40% of analysts talked about the pair’s upward ambitions to the resistance of 106.40 and possibly even higher to 107.65. This forecast was supported by the 15% of oscillators which signalled it was oversold. As for graphical analysis, it suggested that the pair would rise to 106.40-107.15, which actually happened: the weekly maximum was fixed at the altitude of 107.05, and the week ended at around 106.80;   

- We now reach cryptocurrencies: an extremely difficult asset to forecast due to their incredibly high volatility. The trends we suggested proved 100% correct: a slight initial rise followed by a sharp fall. For BTC/USD, we had predicted growth at the beginning of the week (it did go up to 11.670), followed by a fall (it fell by almost 30% to the level of 8.320). For ETH/USD, we predicted its decline by the end of the week to the 900-940 zone. However, Ethereum’s collapse exceeded expectations, and the pair recorded the weekly low at 635. The forecast for LTC/USD was as follows: a rise to 240 (ended up being 217.30) followed by a fall to 180-200 (in reality, 157.50). As for XRP/USD, which moved in a very narrow range at the end of February, the advent of spring marked its exit from hibernation. First, Ripple sharply gained weight to 1.025 per coin, and then lost almost 35%, dropping to 0.670.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Almost 55% of experts are sure that President Trump’s introduction of import duties on steel and aluminium will increase the attractiveness of the dollar, as a result of which EUR/USD will drop to at least 1.2000. However, a fairly large number of analysts believe that the pair will remain in the side channel 1.2150-1.2550 for some time, along which it has been moving since mid-January.
As for the medium-term forecast, the opinion of experts and the readings of graphical analysis are diametrically opposite. The former expect that the pair will fall to the level of 1.1900, whilst the graphs suggest upwards ambitions to 1.2800. The oscillator readings do not give clear signals either. On H4, 85% look down, and 15% signal that the pair is oversold. As for D1, there are even fewer clear benchmarks: one third of the oscillators suggest a fall, one third are neutral and one third predict the growth of the pair;

- GBP/USD. The indicators here are also indecisive, with some coloured red, some yellow, some green. But analysts, for the most part (80%), predict the continuation of the downward trend that began on 25 January. Supports are 1.3760 and 1.3585.
An alternative point of view is represented by 20% of experts and graphical analysis on D1, according to whose forecast the pair should try to break through the resistance at 1.4065. Te support is in the 1.3710-1.3760 zone;

- we should not rely on oscillators and, especially, on trend indicators in giving a forecast for USD / JPY this week. It is impossible to designate any obvious tendencies there. The opinions of experts are divided equally as well: 33% side with the bulls, 33% join the bears, and the remaining ones freeze in the middle.
As for graphical analysis, it draws a lateral trend on H4 within 105.25-107.65. Further developments can be seen on the D1 chart, where the pair breaks the lower boundary of this channel and descends to the 103.00 horizon;

- as for basic cryptocurrency pairs, experts expect the continuation of the downtrend. Thus, BTC/USD may go down to 8.320, and, in the event of a break through this level, fall to 7.740. Nothing good is predicted by analysts for Ethereum, Litecoin and Ripple either, which, according to their forecast, can lose another 10% to 20% of their value.

We should stress here that even the smallest events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1: 1000, will significantly reduce your trading risks. After all, in order to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html (https://nordfx.com/promo/tradecrypto.html)


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies:

- EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1.2550 side channel which it has been moving in since mid-January. It ended up doing just that, albeit with volatility even lower than expected - the difference between the highest (1.2412) and the lowest (1.2260) points of the week was only about 150 points. By the end of the week, the pair finished at 1.2288, only 17 points below where it had started;

- Even though only 20% of experts and graphical analysis on D1 suggested the growth of GBP/USD, the pair started going up at the very start of the week and had already approached the level of 1.4000 by Tuesday. However, despite all the efforts of the bulls, the pair was unable to break through this resistance, and by the end of the week it retreated to 1.3935, which can now can be considered the Pivot Point of this February-March;

- USD/JPY. Regarding the future of this pair, expert opinions were divided evenly last week: 33% sided with bulls, 33% joined the bears, and the rest froze in the middle. This ambivalence is approximately how the pair behaved itself: at first it fell a little, then grew a little, then fell again. The most forecast accurate was that given by graphical analysis, which had suggested the lateral channel of 105.25-107.65, within which the pair ended up moving all week (minimum - 105.59, maximum 107.28); 

- We now reach cryptocurrencies: Regarding bitcoin, experts expected its fall to 7.740: BTC/USD fell to 7.638 by Thursday. Thus, the forecast turned out to be very accurate, and the error in determining the target was only about 1%.
Forecasts for Ethereum, Litecoin and Ripple were also disappointing for the owners of these coins and, to their great despair, fully accurate. Experts predicted these virtual currencies would lose 10% to 20% in value. On 15 March, all these pairs reached the local bottom: Ethereum fell by 21.67% (from 721.50 to 565.09), Litecoin by 20.4% (from 186.71 to 148.59) and Ripple by 25.9% (from 0.767 to 0.568). However, the bulls then managed to win back part of the losses. Thus, by the end of the week, ETH/USD had lost 15.6%, LTC/USD lost 10.2%, and XRP/USD lost 18.0%. BTC/USD had the lowest loss, about 7.7%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- Dollar pairs expect important events on Wednesday 21 March: prime amongst these is the decision of the US Federal Reserve on the interest rate. According to forecasts, it will be increased from 1.50% to 1.75%, which will most likely result in dollar strengthening.
As for EUR/USD, more than 80% of trend indicators and 85% of oscillators look to the south. However, almost half of the experts, supported by the graphical analysis on D1, believe that at the beginning of the week the pair will still stay in the sideways trend within 1.2275-1.2445. 15% of oscillators signal that the pair is oversold, and also indicate that the bulls still retain some force and will try to push the pair up on the eve of the Fed decision.
In case the pair falls, the first support zone is 1.2150-1.2200, the next one is at 1.2000;

- GBP/USD. At the end of last week, the indicators on H4 took a neutral position, whilst those on D1 continued to look up, opining that both the two-week trend, and the broader one stretching from January 2017, will continue. The nearest targets are 1.4000, 1.4065 and 1.4145.
However, unlike indicators, experts can take important economic data into account. This will be plentiful next week both for the pound and the dollar, with Tuesday, Wednesday and Thursday all seeing the release of important data. Here, most analysts (60%) still expect the weakening of the British currency and the fall of the pair. The nearest support is in the 1.3710-1.3760 zone. In the event of its breakdown, in the medium term the pair may descend to 1.3445-1.3585;

- The view on the future of the USD/JPY is as follows: 70% of the experts, graphical analysis on D1 and 90% of the indicators on H4 and D1, look southwards, waiting for the pair to continue moving in the medium-term channel. The resistances are 106.40, 106.75 and 107.25. Supports are 105.25, 104.50 and 104.00.
It should be noted that in the medium term, the number of bull supporters among analysts increases from 30% to 65%. The goal is to climb into the 108.00-110.00 zone;

- The forecast for the main currency pairs is the following. BTC/USD: experts expect the pair to return to the highs of the previous week. According to their forecast, the pair should rise to 8,850-9,400. ETH/USD: growth to 655.00, and then on to 670.00-740.00. LTC/USD: rise to 170.00-181.00, and, in case of a break through the resistance, a rise to 193.00. XRP/USD: the target is 0.688-0.780, at with the pair possibly rising to 0.810 at the end of the week.

We would like to stress at this point that even minor events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1: 1000, will significantly reduce your trading risks. After all, to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html (https://nordfx.com/promo/tradecrypto.html)


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

Dear Clients,

We are pleased to inform you that starting on 19 March 2018 you will be able to deposit and withdraw funds from your trading account in Ethereum (ETH), alongside USD and Bitcoin.

The list of trading instruments in the Pro and Zero accounts includes six cryptocurrency pairs (BTCUSD, LTCUSD, ETHUSD, DSHUSD, XRPUSD and BCHUSD). Like for other trading instruments, the leverage ratio for these can go up to 1: 1000.

 
Yours faithfully,
NordFX


#forex #crypto #broker #Ethereum #nordfx

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I think x100 leverage it is the perfect opportunity to make a fortune on 5min tradings with good volume. Long position will make u broke. imho

Well.. Doubtful a little bit. U need very big volume to buy and sell big volume like instantly. Otherwise u will be in a red

It is really awesome. Now all the users could benefit from brocker's security on crypto trading

Just take care about the risks, dont put all in at one trade and everything will be okay. A lot of people neglect the basis money menegment rules and loosing the money but if they just use the rule of putting only 5% of the depo per 1 trade - they could really make a fortune. IMHO

How long does depositing take? How many confirmations are needed my ETH would be displayed on my balance?

I have deposited, it took 5-7 minutes. Pretty fast. Hope more altcoin will be added soon

First, a review of last week’s forecast:

- EUR/USD has been in a sideways trend for the whole of March, with a slight predominance of bearish trends. This is exactly the kind of movement that was forecasted last week. Pressed by the bears, the pair tried to reach support at 1.2200, but failed even this, and fixed the local bottom at 1.2239. After that, the pair turned around and completed the trading session in the 2018 Pivot Point zone, at 1.2350;   

- GBP/USD. At the time of writing the previous forecast, the indicators on D1 pointed to the north, believing that both the two-week uptrend and the more global one, which began in January 2017, would continue. This scenario was supported by 40% of experts as well, referring to the height of 1.4145. This forecast turned out to be correct, and at the very beginning of the five-day period the pair went up sharply. Basing on information from the Bank of England on Thursday, March 22, it even tried to break through resistance 1.4145, but failed to gain a foothold above this level, and rolled back very soon. As for the end of the week, the pair spent it making fluctuations around the same level of 1.4145;

- 70% of experts, graphical analysis on D1 and 90% of indicators on H4 and D1 expected the continuation of the USD/JPY movement in the medium-term channel. This was what happened - it dropped to the level of 104.63 on Friday, after which there was a slight retreat, and the pair met Saturday at the level of 104.75;

- Now, cryptocurrencies. As for bitcoin, the experts expected its rise to 8,850-9,400, and by the middle of the week the pair BTC/USD fulfilled the above task, reaching the level of 9,145.
For the pair LTC/USD, a rise to the zone of 170.00-181.00 was forecasted. However, after its fall on Saturday and Sunday, it seemed to be impossible. But the bulls managed to regain strength and managed to raise the pair to a height of 174.00 on Wednesday. Similar dynamics was demonstrated by the Ripple, having risen to the set level of 0.70, but still failing to gain a foothold above it.   
But the Ethereum did not please the experts who expected its growth to the level of 655.00. In reality, it was only able to reach 587.00.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- 60% of analysts expect the pair EUR/USD to rise to the level of 1.2415, and then even higher - to the height of 1.2445. The next target is 1.2520. Graphical analysis on D1, 100% of trend indicators and 85% of oscillators on H4 agree with this forecast.
As for most of the indicators on D1, they have taken a neutral position. This time, 40% of experts and 15% of oscillators side with the bears, giving signals that the pair is overbought. The support levels are 1.2240, 1.2200 and 1.2155;

- GBP/USD. Most analysts (60%) still forecast a decline of the pair first to 1.4115, and in case of its breakdown, even lower - to 1.4080. However, only 5% of the indicators agree with this development. The remaining 95 percent, supported by 40% of analysts, have sided with the bulls, expecting the continuation of the uptrend. The nearest resistance levels are 1.4215 and 1.4275, the final target is January 2018 high, at 1.4345;

- Opinions on the future of the USD/JPY looks almost the same as last week: 70% of experts, 90% of indicators on H4 and D1, look to the south, expecting the pair to continue moving in the medium-term down channel. The targets are 104.00 and 102.65.
At the same time, graphical analysis on D1 warns that, before continuing to fall, the pair may rise to 105.70-106.30 for a while, and possibly even higher - to 107.00. 10% of oscillators, giving signals that the pair is oversold, expect correction as well;

- The forecast for the basic currency pairs looks as follows.
BTC/USD - Experts expect the continuation of the uptrend. Targets that the pair can reach by the middle of the week, are 9,870 and 10,080. At the same time, it is possible that the bullish impulse will be stronger, and it will rise to the zone 11,500-11,750. At the end of the week, there may be a change of trend and a relatively small decline;
Similar dynamics are expected for other pairs. ETH/USD: targets are 740.00 and 866.00. LTC/USD: 193.40 and 217.30. XRP/USD: 0.670, 0.730 and 0.890.

We would like to stress at this point that even minor events can influence the trends and volatility of cryptocurrencies. Therefore, we strongly suggest that you pay attention to smart money management, which, combined with leverage of 1:1000, will significantly reduce your trading risks. After all, to buy 10 Bitcoins, 100 Ethereums, 500 Litecoins or 100,000 Ripples, with such leverage you will only need $100, and you can keep the rest of your money in reserve.

https://nordfx.com/promo/tradecrypto.html (https://nordfx.com/promo/tradecrypto.html)


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

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I would say that ur forecasts are very fine. Always use that when making a decesion about the trade. By the way, take into consideration the adding new crypto trading pairs. I think audience would appreciate that

Forecast confirmed for several weeks. I use it in trading.

I really like the opportunity to trade with such huge leverage but I think it is like the option for very professional traders. I would prefer x20 leverage max

A lot of traders will appreciate such huge leverage. However it also has huge risks and all the deposit may be lost in a second and otherwise round - the fortune could be made in a second ;D

Such huge leverage is risky a little but I like the risk..I will try it, hope i would not be broke ;D

When will u add futures for oil? And one more..Top alts listing is planned? If yes - when? Thx

Our company strives to provide its clients with the best conditions on the market - minimum spreads and maximum speed of order execution. We are connected to a pool of the world's leading liquidity providers and are constantly expanding our range of services. Now, for example, we have launched a service (https://nordfx.com/products/) that allows you to invest in shares of the world's largest brands with the protection of investor capital up to 100%. And if the oil trade will also be in demand by our customers, we will definitely work on this issue.

Pretty clear explanation. By the way your spreads are like the lowest ones on the market. It is one of the reason why im trading at your platform. U know reducing the trading expances is always very appreciated ;D

Ok. It has sense. But what are u plans for future listings? U know, i believe that forex and crypto trading has to be united and u platform perfectly suits that purpose

it is not the crypto exachange to add new and new trading pairs. It is forex brocker with fixed trading pairs. However if there will be huge demand for any alt coin I suppose team would consider listing

Absolutely correct

Just tried your leverage..) I was realy not so far to loose my money but I successed and made 2000 bucks with only 50$ !! Relly awesome thing this leverage!!! Tried to trade with 5 min candle sticks

Someone looses, someone making profits. Congrats mate. Im still considering to use the leverage but Im not familiar to forex at all... Im aware I will loose money due to the lack of experience

May I use not so huge leverage? May I take x20-30 and thats it? Im not so experienced in crypto trading..I prefered holding but now wanna try trading

Surely u can. I advise u to take as much as possible leverage firstly before u get enough experience. And only when u are confident enough - try the bigger leverage

I would like to know if the 1000x leverage applies to all trading pairs or only for fiat ones?? Thx in advance for the clarification

It applies on all the trading pairs including crypto pairs (btc, eth)

Yes, leverage 1: 1000 applies to currency pairs and cryptocurrency pairs.

First, a review of last week’s forecast:

- 60% of analysts, supported by graphical analysis on D1, 100% of trend indicators and 85% of oscillators on H4, expected the EUR/USD to grow, and this forecast turned out to be correct. The pair coped with the task quickly and, having risen by 125 points on Tuesday, reached the height of 1.2475. After this, the trend reversed, the pair returned to the borders of the mid-term side corridor, where it has been moving for the whole of 2018, and completed the week in the zone of its Pivot Point at 1.2325;   

- GBP/USD. 40% of analysts and 95% of indicators sided with the bulls last week, waiting for the continuation of the uptrend. Levels 1.4215 and 1.4275 were called as resistance levels. As for the remaining 60% of experts, they expected the pair to go down to the horizon 1.4080. As a result, both forecasts were implemented, with a certain tolerance. At first the pair climbed to 1.4243, and then turned and went south, finding the local bottom in the zone 1.4010, not far from which it finished the week, at the level 1.4015;

- even though most experts expected the medium-term downtrend to continue, one third of them, in anticipation of correction, looked north. 10% of the oscillators supported such development, giving signals that the pair was oversold. As for graphical analysis, it indicated the target - the height of 107.00, to which the pair rose on Wednesday, March 28. After that, it turned and fell to the level of 106.27 by the end of the week;

- and now, cryptocurrencies that moved all the way to the south all week, even though many oscillators insistently indicated they were oversold. Optimists call this fall a prolonged correction, pessimists talk about the beginning of the end of the crypto currency boom. Whatever it is, the fact remains - the crypto market "shrunk" by 70% during three months of 2018, and its capitalization is now only 275 billion USD.
There are several reasons for this fall: this is ongoing hacker attacks on crypto-exchanges and client wallets, more unsuccessful ICO projects, and the increased pressure on this market by regulators. The Chinese authorities made an announcement on further steps on Thursday, and in Japan, five exchanges withdrew their applications for licensing, realizing that they will not be able to meet the requirements of the FSA - Financial Services Agency of this country.
As a result, bitcoin dropped to the level of 6520, Litecoin - down to 108.00, ripple - 0.45, and the Ethereum fell to the values of last June to the zone of 365.0.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The overwhelming majority of experts have taken a neutral position, waiting for the pair to go on moving in the mid-term lateral channel of 2018. As for trend indicators and oscillators, about 60% recommend the sale of the pair, 40% - purchase, or are painted neutral gray. The above allows us to say that the pair is likely to stay within this channel for the first half of the week. The nearest support is in the zone 1.2240, the next one is 1.2155. Resistance is at the levels is 1.2445 and 1.2535.
Higher volatility of the pair can be expected on Wednesday and Thursday after the release of data on the European consumer market and information about the ECB meeting. On Friday, the market is expecting data on the labor market from the US. One of the most important indicators here is the NFP, which determines the number of new jobs created outside the agricultural sector. According to forecasts, it may fall by about 35%, which can weaken the dollar considerably. However, data on average wages in the US will be published at the same time with the NFP, which may provide some support to the US currency.

- GBP/USD. As in the case of EUR/USD, half of analysts vote for a sideways trend. As for the indicators, about 50% of them on D1 point to the east. 30% of experts, 15% of the oscillators, giving signals that the pair is oversold, and graphical analysis on H4, waiting for the pair to return to the level of 1.4245, side with the bulls. The bears this week are represented by 20% of analysts and graphical analysis on D1, expecting the fall of the pair to the corridor 1.3780-1.3875.
It should be noted that the number of bears' supporters increases to 55% in the medium term;

- USD/JPY. It is impossible to use indicators at the moment - their readings are a mixture of green, red and neutral gray colors. As for the experts, 55% of them believe that the uptrend that started last week will continue, and the pair will rise to 107.30. The next target is 108.50.
The remaining 45% of analysts, supported by graphical analysis on D1, on the contrary, are confident that the pair will not be able to overcome the resistance of 107.00 and will go first to support 104.65, and then even further downwards - to zone 101.20-104.30.

- The forecast for the main cryptocurrency pairs is the following.
BTC/USD: experts expect the continuation of a downtrend to the horizon of 5970, and in case of its breakdown, down to 5425. After this, the trend should reverse and return to the 8000 zone, which can take two to three weeks to complete. 
Similar dynamics are expected for other pairs. ETH/USD: decrease to the zone 200.00-275.00 and the subsequent retreat into the zone 500.00. LTC/USD - drop to 85.00-105.25, then rebound to 173.80. XRP/USD - according to experts, this pair can find the bottom at the level of 0.25-0.30, after which it will for some time return to the level of 0.63.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

how long does it take to make the btc withdrawal? Immidiately or there is some kind of pending?

All withdrawal requests are processed daily from 9:00 to 18:00 CET. Withdrawals aren’t carried out on weekends and holidays. If a withdrawal request is submitted after 18:00, it’ll be transferred to the next business day.

In case of online payment systems, funds are credited to your account right after the withdrawal request has been handled. Transfers to VISA and MasterCard bank cards take 5-6 business days, and a bank transfer takes 3-5 business days on average.

ok but what about deposits? Curious about depositing btc and fiat from my bank account. How long will it take?

I have requested a withdrawal of 2000$ previous week. Got my money yesterday to my debit card. It took 5 days. Thx team for such good service and opportunity to earn money ;D

Im still trading..going to make a withdrawal a little bit later. Hope I wont loose my money till that ;D

What is the minimum leverage I can take trading on BTC pair? I think 1000 is too huge on such volatile market

1000X leverage on the most volatile asset in the world - I kind of like it

the most valatile asset? U must be kidding. Look at the btc now! It is moving into one diapasone! Moreover if we are speaking abput volatility - take a look at the most of altcoins and then say again that btc is the most volatile asset in the world ;D

Ok...dont take x1000. Take x10 and try it out. Then if u feel experienced enough u may try bigger leverage

1000x leverage is really huge. I dont know any other brocker that offering such leverage. This one unique and it is really revolution

First, a review of last week’s forecast:

- The forecast for EUR/USD turned out to be generally correct: the pair did not go beyond the 2018 mid-term side channel, going down in anticipation of data on NFP, only to the level of 1.2217. As expected, the Nonfarm payroll sagged significantly, more than three times compared to the values of the previous month, to which the pair could not help reacting. However, the reaction was fairly calm: the dollar lost just 60 points to the euro, after which the pair completed the week in the strong support/resistance zone 1.2280;

- GBP/USD. The main forecast for this pair was a sideways trend, in the narrow framework of which the pair stayed for the first half of the week. Thursday and Friday brought some volatility, but as a result, the five days change was only about 70 points, and the pair froze at 1.4085;

- The forecast, made by the majority of experts for USD/JPY, was absolutely correct. 55% of them were sure that the uptrend will continue, and the pair will rise to 107.30. And this was what happened - it rose to the level of 107.48, which, taking into account the standard backlash, is almost a 100% hit. As for the end of the five-day period, the pair completed it 60 points below the weekly maximum, at 106.88;

- Cryptocurrencies, just like most major currency pairs, spent all the time in a sideways trend. It seemed in the middle of the week that the bulls took over, and the long-awaited growth of bitcoin, ethereum and other altcoins finally, started. But ... the pairs returned to the values of the beginning of the week. So, the result of the past seven days can be considered inconclusive both for the bulls and for the bears.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. Graphical analysis on D1 believes that the pair completed the previous five-day period in the Pivot Point zone of the side channel, in which it will stay for the next few days. The boundaries of the channel are 1.2215 and 1.2355. The most likely breakthrough is to the south and a decline to zone 1.2090-1.2150. Almost 65% of experts agree with such a scenario, supported by indicators on D1.
As for the remaining 35% of analysts and indicators on H4, in their view, the dollar's weakness caused by the data on the US labor market will continue, and the pair will rise to the level of 1.2355-1.2415;

- The main forecast for the GBP/USD is as follows: possible (but not compulsory) small growth to resistance 1.4125, and then falling first to support in the 1.4000 zone, and, in case of its breakdown, a decline to 1.3915-1.3965 zone. This forecast is supported by almost 75% of experts, graphical analysis on D1, as well as about 15% of oscillators signaling the pair is overbought. Only a quarter of analysts agree with the positive outlook and the growth of the pair to 1.4200-1.4240;

- USD/JPY. With a high degree of probability, the mid-term lateral trend which began in mid-February this year, will continue. The only question is a more precise definition of its boundaries. The bulls are supported by about 65% of analysts who expect the pair to rise to the horizon at 108.00. As for the bears, their immediate goal is the level 105.65. In case the dollar continues to lose its positions, the pair may drop to support 105.25 and even another 60 points lower;

- As for cryptocurrencies, it is useless to try to determine the exact levels, considering their super-high volatility. One can only talk about the direction of trends and approximate targets. In the coming week, experts expect that the bulls' efforts will still be rewarded, and starting Monday, April 09, the main pairs may expect growth, although small and temporary, BTC/USD: rise to 7,820-8,360. For the ETH/USD, the target is the zone 440-511, LTC/USD: 155-175, XRP/USD: 0.56-0.67.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

You forgot to add that leverage is actually a double edged sword and so it is not something to handle without great care! I have traded forex with same leverage and won't much issues in giving this a try, but I won't recommend it for newbie traders or anyone who could lose his shirt and sleep should the market go the other way and which it does often.

For starters, a few words about the forecast for the previous week, which turned out to be absolutely true for many major and cryptocurrency pairs:

- EUR/USD. According to the graphical analysis, the pair was supposed to consolidate in the Pivot Point zone of the medium-term side channel in 2018. The level of 1.2215 was indicated as the lower limit, the upper one was 1.2355. At the same time, 35% of analysts suggested that the US dollar will continue to weaken, provoked by data on the labor market, and the pair would be able to break through 1.2355, rising above this level.
It was this scenario that was implemented. The pair climbed 115 points by the middle of the week, reaching the height of 1.2395, after which it turned and returned to where it had been expected - to the medium-term Pivot Point in the zone of 1.2328;

- The forecast for the pair GBP/USD had supposed a certain growth, but not the one that really happened. Recall that the growth above the horizon 1.4200 was supported by only a quarter of analysts, but the dollar weakening surpassed even their expectations, and the pair almost reached the level of 1.4300 on Friday. However, the strength of the bulls dried up soon, and it rolled back to the level of 1.4240;

- The forecast made by most experts on the pair USD/JPY, suggested continuation of the medium-term lateral trend, which began in mid-February, and its growth to a height of 108.00. That's exactly what happened. The pair moved within the corridor 106.60-107.40 for the whole week, after which it tried to move one level above, but, having reached the height of 107.77, could not get fixed there and returned to the highs of the previous week;

- The forecast for cryptocurrencies turned out to be absolutely correct as well. All major crypto-pairs went up as expected.
The script for the BTC/USD provided for an increase to 7,820-8,360. In fact, the pair reached the mark of 8,200.
For the ethereum, the target was the zone 440-511, it managed to climb even slightly higher - to the height of 527, after which, it returned to the 490 mark by the end of the week.
For the LTC/USD, the scenario envisaged a rise to 155-175, however, even though the pair went up confidently, the bulls' enthusiasm dried up a little earlier - at the height of 133.
And, finally, ripple. The experts set a height of 0.67 as the main target for it, to where it got on Friday evening.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. 60% of experts, together with graphical analysis on D1, continue to insist on the pair going down first to the level of 1.2215, and then, possibly, to the minimum of the medium-term side corridor at the horizon 1.2155. However, the geopolitical situation in which Syria is involved, as well as the trade war with China, and a number of other factors, can make influence the situation and lead to a further weakening of the dollar. In this case, as 40% of analysts believe as well as most of the oscillators on D1, the pair can continue to move to the resistance levels at the top of the channel, these are 1.2410, 1.2475 and 1.2525;

- Almost all the indicators, both trend ones and oscillators, both on H4 and D1 (85%) are determined to buy the GBP/USD. But as for the experts, here the bulls' advantage is not so impressive: 60% by 40%. The main support is located at 1.4145, then 1.4065 and 1.4010. The resistance levels are 1.4345 and 1.4425.
It should be noted that in the medium term, the advantage is shifted to the bears, and here 60% of analysts vote not for growth, but for the fall of the pair, expecting its fall to the March lows around 1.3760;

- USD/JPY. Almost all indicators are painted green following the trends of the last days and weeks.  However, we should pay attention to the fact that the pair is at the upper boundary of the strong resistance zone, which can be traced starting from this February. More than 70% of experts believe that the pair will try to gain a foothold above this zone, and its weekly fluctuations will occur in the range of 107.00-108.50. However, one third of analysts are sure that the pair will return to the side corridor 106.65-107.00, and, if it breaks its lower border, it may drop another 100 points lower, reaching the local bottom at 105.65. This development is also confirmed by the graphical analysis on D1;
 
- As for cryptocurrencies, experts expect this week that the pair BTC/USD will move along the level of 8,000, making fluctuations in the range of 7,570-8,575. ETH/USD may try to conquer the height of 600, but the ethereum will not be able to get fixed there and it will return to the levels around 485-510. For the pair LTC/USD, experts point to the height of 145 as the target, and to the zone 0.70-0.740 for the pair XRP/USD.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

First, a review of last week’s forecast:

- The pair EUR/USD continues to keep in the zone of the 2018 mid-term side channel 1.2200-1.2525, more precisely, in its central part, gradually reducing volatility in comparison with the beginning of this year. Last week, the experts called the horizon 1.2215 as the nearest level of support for it, as for resistance, the horizon 1.2410 was named, in the area of which the pair fixed its minimum - 1.2250 and maximum - 1.2413, showing the fluctuation range of less than 165 points. As for the end of the week session, the pair recorded the result at 1.2288;

- The GBP/USD pair. Here, almost all indicators (85%), as well as 40% of analysts, were determined to buy it, calling resistance 1.4345 as the nearest target. The pair went north right from the very beginning of the week, and even rose 30 points above the target level at some point, but the breakdown turned out to be false. Not having kept at the height of 1.4375 even for an hour, it turned around and, as 60% of experts had expected, rushed down, reaching the weekly bottom in the 1.4000 zone on Friday;

- giving a forecast for the pair USD/JPY, most experts (70%) had believed that its weekly fluctuations would occur in the range of 107.00-108.50. Taking into account the standard backlash, this forecast turned out to be correct, and the pair stayed within 106.87-107.85 in its lateral movement. It finished the week not far from the level where it began, at the horizon 107.64;

- with a small tolerance, the forecast for cryptocurrencies was absolutely correct once again. The forecasted trip to the north did take place. For BTC/USD, it assumed that it would reach the height of 8.575. In reality, the pair rose to the mark of 8.535 by the end of Friday, and then went further up to the target.
For the etherium, the goal was the height of 600, which it reached on the night from Friday to Saturday. At the same time, the pair LTC/USD overcame the height of 145.00, which had been called by experts, and the pair XRP/USD rose above the level of 0.85.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR / USD. The overwhelming majority (75%) of experts, together with graphical analysis on D1, continue to insist on the movement of the pair in the side channel 1.2200-1.2415. In this case, it is highly likely that at first the pair will drop to its lower limit, and will go up only after it beats off it. The readings of the oscillators confirm such a scenario, 15% of which are already signaling the pair is oversold.
If we talk about the prospects for early May, graphical analysis and about half of analysts suggest that the pair will rise to the highs of February 2018. to the area of 1.2555. In the bears win, the pair can go to the level of 1.1915-1.2085.
The formation of trends can be influenced by the decision on the interest rate and the ECB press conference on Thursday April 26, as well as the annual data on US GDP, which will be released on Friday April 27;

- GBP/USD. It is clear that all the trend indicators have turned to the south following by the last week's results. However, 60% of experts, supported by graphical analysis on D1, believe that 1.4000 will be the lower limit of the weekly side channel 1.4000-1.4245. The next resistance is located at 1.4375. The bullish version is also confirmed by oscillators, 20% of which signal the pair is oversold.
40% of analysts side with the bears who believe that the pair will still be able to break through the level of 1.4000 and fall first to support 1.3885, and then even lower - to zone 1.3745;   

- USD/JPY. 85% of analysts, 100% of trend indicators on H4 and 80% on D1, graphical analysis and the vast majority of oscillators vote for the strengthening of the dollar and further growth of the pair. On H4, the graphical analysis draws the corridor 107.25-108.05, on D1, the range of oscillations is wider - first decrease to support at 106.60, and then rise to the tops in the 109.00 zone. This scenario is consistent with the oscillators, a quarter of which give signals that the pair is oversold.
Analysts who support the fall of the pair to support 105.00 are only 15% at the moment. However, in the medium term, this possibility is not ruled out by a third of experts;

- Cryptocurrencies. After the BTC/USD rose to 9,000, experts expect the pair to roll back into the zone 7,785-8,200. In this case, it is highly likely that the fall will be even stronger, and the pair will return to the zone of 6,585-7,100. 
In case the etherium breaks through the support of 500.00, the pair ETH/USD can return to the zone 360-430. Supports for the pair LTC/USD are 135, 122 and 110, as for the pair XRP/USD, they are 0.67, 0.55 and 0.43.
The opportunities for growth of these cryptopairs, according to experts, are limited to Saturday-Sunday highs of April 21 and 22.




Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

First, a review of last week’s forecast:

- as we said, the key event last week was the ECB President Mario Draghi press conference on Thursday, April 26. The pair EUR/USD had descended to the lower boundary of the three-month lateral channel around 1.2200 by that date. Recall that this behavior had been predicted by almost 100% of experts. But further on, their opinions diverged: 75% expected the pair to go up and return to the mid-term trading range, and 25% were confident that the euro would lose its positions further.
The dispute between the analysts was resolved by Mr. Draghi, who admitted that the Eurozone economy was unlikely to preserve the last year's growth rates. And although he said that the ECB will gradually reduce the QE quantitative easing program, many experts felt that its terms will likely be extended beyond 2018. As a result, the euro lost another 150 points. True, then a rebound occurred and the pair completed the week at 1.2130; 

- GBP/USD. Strengthening of the dollar could not but affect the British pound. As a result, the forecast, for which about 40% of analysts voted, was implemented - the breakdown of the horizon is 1.4000 and the decline to support 1.3745, near which, at 1.3780, the pair and met the end of the weekly trading session.

- USD/JPY. 85% of analysts, graphic analysis and the clear majority of indicators had voted for the strengthening of the dollar and further growth of the pair to the heights in the 109.00 zone. This almost unanimous opinion was absolutely true, and the pair completed the five-day period at the height of 109.05;

- Cryptocurrencies. After the BTC/USD rose to 9,000, experts had expected the pair to roll back about 1,000 points down. However, this did not happen, and Bitcoin was in a sideways trend along the horizon of 9,000 for the whole of the week, making fluctuations in the range of about ± 500 points.
Other pairs behaved in a similar way. The level of 150.00 became Pivot Point for LTC/USD, and for XRP/USD, it was 0.845. And only Ethereum showed a noticeable recovery, reaching the mark of 709.83 on April 24. True, then a pullback followed, but despite this, the pair completed the week with an increase of about 10%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. If only a quarter of experts voted for the transition of the pair to the zone of 1.1915-1.2085 last week, their number has increased to 60% now. About 80% of the indicators are painted red as well. Additional support for the dollar is provided by the expectation of data on the labor market in the US on Friday, May 4. According to forecasts, the number of new jobs created outside the agricultural sector (NFP) may increase from 103K to 198K, which does not exclude the fall of the pair by another 100-115 points lower, to support 1.1800.
This time 40% of experts and graphic analysis on D1 have sided with the bulls. In their opinion, the fall below the level of 1.2200 has been temporary, and the pair will return to the medium-term horizontal channel within a week or two and will reach a height of 1.2415. Oscillators confirm this possibility, 20% of which signal the pair is oversold;

- GBP/USD. It is clear that all the trend indicators have turned to the south following the last week's results. As for the experts' opinion, here the supporters of bears have a slight advantage - 55% versus 45% for bulls. Bull sentiment is also supported by a quarter of the oscillators, giving signals that the pair is oversold, as well as graphical analysis on H4 and D1.
If the "growth party" wins, the pair will go up, starting from the support of 1.3750, aiming to rise above the level of 1.4000 and, possibly, to reach the height of 1.4075. The nearest resistance is 1.3840.
If, however, the bears' expectations come true and the pair goes south, the support will be located at the following levels: 1.3585, 1.3455 and 1.3300;

- USD/JPY. 70% of analysts, supported by most of the indicators and graphical analysis on D1, expect the continuation of the uptrend. The targets are 109.80, 110.45 and 111.25. The remaining experts together with the graphical analysis on H4 believe that the pair has already reached a local maximum, and now it is expected to decline first to the level of 108.35, and even lower in case of its breakdown. The targets in this case are 107.40 and 106.60.
It should be noted that graphical analysis on D1 also does not exclude a drop to the level of 106.60, but only after the pair reaches heights in the area of 111.00, at least;

- Cryptocurrencies. Experts expect the growth of the BTC/USD first to the level of 10.000, and then 500-700 points higher. The main support is 8.620. In case of its breakdown, it is possible to decline to the level of 7.785.
The main forecast for the pair ETH/USD is an increase to the height of 785, the next target is 865. The nearest support is 594, the next one is 500. LTC/USD: the goal is to return to the April 24 high, 165.00, the support is 140.00. XRP/USD: the goal is to rise to the level of 0.92, and then to the zone 0.942-0.985, the support is 0.7230.




Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

NordFX has once again been recognised for the high quality of its services. The latest recognition came from international portal FXDailyinfo, which, after a round of voting, named the economic analysis and reviews of our experts the best in the industry.

The portal has been running the FXDailyinfo Awards series for several years now. The awards are based on open voting by the community, which decides which of the many companies in financial markets have distinguished themselves in a number of areas. This year, NordFX won by a large margin in the ‘Best News and Analysis’ category, having received nearly 70% of the popular vote.

We are sincerely grateful to all who voted for us for valuing the continuously hard work of our international analyst team. We hope that our output will continue to be both interesting and useful to the widest possible trading audience.

https://nordfx.com (https://nordfx.com)

First, a review of last week’s forecast:

- EUR/USD. For the third week in a row, the dollar continues to strengthen its positions, having won back about 500 points from the euro. Easing of tension in trade relations with China has rendered serious support for the US currency. By Friday, May 04, as most experts (60%) supported by 80% of the indicators had expected, the pair reached the lower border of the 1.1915-1.2085 range, after which a slight rebound followed, and it stopped at 1.1960;

- GBP/USD. The victory of the dollar over the British pound, which lost about 890 points in three weeks, is even more convincing. This "fiasco" was promoted by the weak macroeconomic statistics of Great Britain, and the weakening of hopes for the Bank of England's early change of its monetary policy, and the unresolved dispute with the EU regarding the Irish border. As a result, as predicted by 55% of analysts, oscillators and graphical analysis, the pair dropped to the values of this January and completed the five-day period at 1.3530;

- USD/JPY. 70% of analysts, supported by most of the indicators, were expecting the continuation of the uptrend. The target was the height of 109.80, which was reached by the pair on the first day of May. After that, it climbed another 20 points and, as predicted by the graphical analysis, turned around and left to the south, ending the week's session almost where it had started, in zone 109.10;

- Cryptocurrencies. In general, the outlook for the cryptocurrency pairs traded in the NordFX brokerage company turned out to be absolutely correct. As we have repeatedly said, because of the rather thin market and increased volatility in this segment, the main goal of the experts is to correctly predict the trend. And this was achieved. As for the levels of support/resistance that had been declared, they are rather approximate benchmarks rather than precise targets.
So, the past week has confirmed that Bitcoin loses its dominance, gradually giving way to altcoins. Thus, despite the fact that the total crypto market capitalization has reached 438 billion dollars, the Bitcoin share in it shrank to 35.9%.
The pair BTC/USD could not reach the landmark of $10,000, stopping at 9.825. Ripple hardly reached the target as well, having managed to conquer only the height of 0.8850. But the pair ETH/USD completed the task in full, fixing the weekly maximum at the height of 806 dollars. The same applies to LTC/USD. The goal for this pair was a return to the high of April 24, $165.00, which was what happened with an accuracy of 100%.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. The market froze in anticipation, whether the long-awaited rebound of this pair will follow. We will say straight away that serious economic prerequisites for this are not yet around. But the market is still the market, and therefore about a third of the experts sided with the bulls, expecting the pair to rise first to resistance 1.2085, and then another 50-70 points higher. Such a development is confirmed by graphical analysis on H4 and D1, as well as 15% of oscillators, which give signals on D1 that the pair is oversold.
40% of analysts believe that the pair will take a breather and will move in the side channel 1.1900-1.2000 for a while. And, finally, the remaining 30% of experts are sure that the march to the south is not over yet, and we will see this pair in the zone 1.1800-1.1850 soon;

- A similar divergence of opinions can be observed when assessing the future GBP/USD. 40% of analysts are for the growth of the pair, 30% are for the sideways trend and 30% vote for its fall. 100% of the trend indicators and most of the oscillators are painted red. At the same time, 25% of oscillators on D1 indicate the pair is oversold, which is a signal strong enough to go up.
As for the graphical analysis, it predicts the movement in the side corridor 1.3470-1.3625 for the next few days, after which the pair should go to the north. The nearest target is 1.3790, the next one is 1.4000.
The decisive day for forming the trend is likely to be Thursday, May 10, which can be called the Day of the Bank of England. And much depends on whether and how much the interest rate on the British pound will be raised, and what the Central bank's chairman, Mark Carney, will say during his press conference.
The support levels are 1.3470 and 1.3300;

- Last week's reciprocal movement of the pair USD/JPY completely confounded not only the experts, but also the indicators: half of them recommend buying, the second half - selling. It is only graphic analysis, which both on H4 and D1 uniquely points to the south, calling 108.60, 107.40 and 106.60 as targets. The resistance levels are 109.50 and 110.00.
If we talk about forecasts up the end of May, it is already 70% of analysts who expect the pair to rise to the area of 111.50-112.00, and further - to an altitude of 113.40; 

- Cryptocurrencies. Fundamental news around crypto market show increased activity of institutional investors, so experts expect the pair BTC/USD to continue to grow to the level of 10,300-10,700. The main support is 8.620. The forecast for the pair ETH/USD is growth to the $ 900 zone, support at the horizons of 700 and 595. LTC/USD: the goal is to rise to the levels of 175-180. XRP/USD: the goal is the same, to rise to the level of 0.92, and then to the zone 0.942-0.985, the support is 0.7230.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

First, a review of last week’s forecast:

- EUR/USD. Recall that the opinions of experts last week were divided almost evenly: one third sided with the bears, one third sided with the bulls, and 30% took a neutral position, expecting a sideways trend. As a result, as if fulfilling an order, the pair first went down to the level of 1.1822, then rose by 145 points and completed the five-day period almost in the same place where it started, in the zone of 1.1940.
In total, in less than a month, from April 19 to May 09, the pair lost about 580 points, without any serious corrections, which caused serious financial damage to those traders who had opened positions to buy against the trend and could not stand such an impressive drawdown of the deposit;

- a similar divergence of opinions could be observed when assessing the future of the GBP/USD. We could expect any changes in the monetary policy of the Bank of England on Thursday, May 10, but everything went on without surprises, and the pair stayed practically within the boundaries of the side corridor, which was drawn for it by graphical analysis, 1.3460-1.3615.   

- The pair USD/JPY also moved into a sideways trend, making return-oscillating movements in the range of 108.75-110.00 the second week in a row. The week ended with the pair being close to the beginning of the week, in the horizon, which can be called Pivot Point in the first half of May - 109.40;

- Cryptocurrencies. Experts expected the bitcoin to grow above the 10.300 mark, and the pair BTC/USD did, from the very beginning, go up, but could not even reach 10,000. Having reached the mark of 9,950, it turned and rolled down. the fall was accelerated by the Mt.Gox sell-off and by the statements of two super-billionaires - the head of Berkshire Hathaway Warren Buffett and the Microsoft founder Gates.
The Japanese crypto-exchange Mt.Gox sold bitcoins worth more than $ 70 million, and the market immediately responded to it by a large-scale correction. Things were made even worse by Warren Buffett, who said that cryptocurrencies would end badly, and Bill Gates, who called bitcoin one of the most speculative things in the world. As a result, the pair fell below a very strong support level of 8.620 on Friday, May 11.
ETH/USD and XRP/USD could not achieve their goals either. it was only the LTC/USD that fulfilled the task, reaching the height of 183.75. But it could not resist the general crypto market trend, and, having made a quick U-turn, went down following the "colleagues", falling to the lows of the last few weeks in the area of 135.00.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. More than 70% of experts, supported by graphical analysis on H4 and D1, as well as indicators on H4, expect the pair to continue to grow, which it started to do in the middle of last week. The nearest target is zone 1.2050-1.2100, the next one is 1.2215. Less than one third support the bears this time, but trend indicators on D1 and 15% of oscillators, indicating the pair is overbought, agree with them. In case they win, the pair can return to the horizon 1.1800. The next support is at the level of 1.1715;

- GBP/USD. Considering that the pair has already fully worked out the reversal pattern "double top", most analysts (60%) vote for the pair's growth. This script is also supported by graphical analysis. Signals that the pair is oversold are sent by 20% of oscillators on D1 as well. The nearest resistance is 1.3625, the target is 1.3765.
As for the remaining 40% of experts, in their opinion, the pair could fall to the level of 1.3450, and, in case of its breakdown, 150 points lower, to support 1.3300;

- it is impossible to form any consensus on the future of USD/JPY at the moment. Both the opinions of analysts, and the indicators' readings are divided approximately equally: one half are for the growth, one half are for the fall of the pair. As for the graphical analysis, it indicates a further decrease in the pair to the lower boundary of the two-week lateral channel 108.75-110.00 both on H4 and D1. Having reached it, it is quite possible that the pair will turn around and go up to the level of 110.00. This can happen before the end of May, and it is already 70% of experts who agree with this;   

- Cryptocurrencies. At the end of Friday, May 11, the pair BTC/USD was slightly below the lower boundary of the three-week side corridor 8.620-9.955. Many analysts believe that if the week does not receive another portion of negative news, the pair will return to the borders of this channel.
However, a number of experts believe that the bitcoin will continue to fall, and in this case it can find a local bottom at the level of 7.720. The pair will be able to get back to the marks around 10,000 only by the very end of May.
Analysts expect downtrends to continue during the coming week for the rest of the currency pairs: ETH/USD, LTC/USD and XRP/USD. However, this correction, in their opinion, will be temporary, and all the pairs are expected to return to the highs of the first week of May, by the end of the month.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

First, a review of last week’s forecast:

- EUR/USD. Recall that about 70% of experts expected that the pair would rise at least to the height of 1.2050. However, the bulls' strength dried up before it approached the level of 1.2000, where the initiative was intercepted by the bears. Trend indicators on D1 and 15% of the oscillators sided with them, giving signals that the pair was overbought. As expected, the pair was quick to reach the horizon 1.1800, and then moved further down, having touched the local bottom at the level of 1.1750;

- GBP/USD. This pair moves in a fairly narrow side corridor for the second week in a row. Most analysts (60%) voted for its growth last week. But, having gone 65 points to the north, the pair turned around and, as was expected by the remaining 40% of experts, dropped to the support of 1.3450, near which it met the end of the session, having lost only 75 points during the week;

- 70% of experts predicted that the pair USD/JPY would rise to 110.00 by the end of May. But it was much ahead of expectations, having reached this level of resistance already on Tuesday, May 15. After that, turning it into a support, the pair went another 100 points higher. Then it lost 25 points and finished the five-day period at the level of 110.75;

- Cryptocurrencies. Some analysts believed that the BTC/USD pair should return to the borders of the three-week side corridor 8,620-9,955, and on May 14 it reached the level of 8,850. However, it didn't manage to gain a foothold at this level, and soon the pair retreated to the values of the beginning of the week in the zone 8,000. In general, the week was quite calm for other major cryptopairs: the Litecoin as well as the Ethereum and the Ripple completed it almost in the same place where they started.


As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

- EUR/USD. 60% of experts predict the movement of the pair to the east along Pivot Point 1.1800. Graphical analysis on D1 also draws a side channel, indicating the boundaries as 1.1750-1.2000. 15% of the oscillators also indicate a certain growth of the pair, giving signals that it is oversold.
The remaining 40% of analysts expect the continuation of the downtrend. Support is at the levels of 1.1700, 1.1665 and 1.1585.
Talking about important events of the upcoming week, we should pay attention to the meeting of the FRS Committee on Open Markets on Wednesday, May 23, the ECB meeting on monetary policy on Thursday, May 24 and the speech of the head of the US Federal Reserve, J. Powell, on Friday, May 25.

- GBP/USD. The experts' opinions are divided almost equally: 35% are for the growth of the pair, 35% are for its fall and 30% vote for the continuation of the lateral trend.
As for graphical analysis, it also predicts lateral movement in the range 1.3450-1.3615 on both H4 and D1, after which a powerful collapse and the transition of the pair to 1.3300 zone is expected to follow.

- USD/JPY. 65% of experts, 95% of trend indicators and 90% of oscillators, as well as graphical analysis on D1 expect the continuation of the uptrend. The nearest goal is the height of 112.00, the next one is 100 points higher.
35% of analysts have voted for a decline, supported by 10% of the oscillators, which signal that the pair is overbought. Graphical analysis on H4 does not exclude the possibility of temporary correction down to the horizon of 109.85;

- Cryptocurrencies. The main forecast of stock exchange experts on the BTC/USD pair assumes the growth of bitcoin in an effort to reach $10,000. Support is at the levels of 8,100 and 7,900. As for the oscillators, there is no unity among them. For example, MACD on H4 demonstrates a small divergence with a price chart, which indicates the possibility of the growth of the pair. On the other hand, the indicator of trading volumes MFI (Money Flow Index) on H4 is in the overbought zone and looks to the south. On D1, the picture is exactly the opposite. 
As for other cryptopairs, analysts believe that their correction is completed, and now they will strive up, following the bitcoin. Ethereum (ETH/USD): the nearest target is 740.00, the next one is 835.00, the support is 635.00. Litecoin (LTC/USD): the goals are 150.00 and 180.00, the support is in the area of 130.00. Ripple (XRP/USD): the target is 0.8850, the main support is 0.6140.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

Leverage 1:1000 is a suicide of your investments, never use it! Even a professional of the highest class will quickly lose money with such a huge leverage, this is a matter of time.

just as you give false hope to others. 1: 1000 is your sweet goal and how about not reaching that number?

the crypto world is hard to guess and you are so confident with 1: 1000.

when people trade and get 1: 1 also have a profit, this is too dangerous and be careful comrades.

Leverage is just a tool. If you use the right money management, you will not lose your deposit.

Traditionally, summer is the time when business activity slows down: VIPs are basking in the sun on their snow-white yachts, the heads of the Central Banks leave the boring offices, setting important tasks aside for the autumn, and they are followed by ordinary traders who get a break. However, even the summer months can present surprises. Suffice it to recall the referendum on the withdrawal of the UK from the EU in June 2016, the results of which literally shocked all the stock and financial markets.
Such breaking news is not expected in the coming three months, but some events will be able to exert a strong, if not decisive, influence on the formation of exchange rates and trends.

- EUR/USD. Most likely, the ECB will send a signal in summer about its intention to end this year with a super-soft policy of buying up assets. This will happen, most likely, either after the meeting on June 14, or July 26, because the next meeting will happen in autumn. The intention to finish with the quantitative easing program (QE) and go into a new phase of development has been repeatedly stated by the heads of European Central Banks - by the head of the Bank of France Villeroia de Gallo, and the management of the German Bundesbank, and the head of the Bank of Lithuania Vitas Vasiliauskas.
As a result, despite the fact that the Euro can still continue to decline for some time, the markets are already prepared for a trend change. And if after one of the mentioned meetings the statements of the ECB Head Mario Draghi contain hawk notes, the Euro will immediately fly up.
More than 60% of the polled experts agree with this scenario at the moment, they believe that the pair EUR/USD will definitely return to the highs of 2018 in the zone 1.2400-1.2555 by September.
10% of analysts are still undecided, and about 30% of experts have voted for the further strengthening of the dollar. This, in their view, will be facilitated by the further raise of the interest rate by the US Federal Reserve against the backdrop of the ECB's muffled rhetoric. The bears' supporters expect the Fed to raise the rate by another 0.5% in the next six months, which will lead to a fall of the euro to the last September's low in the zone 1.1550. Moreover, such a decrease may occur in the near future, far outstripping the real actions of the Fed.
If we talk about technical analysis, its forecasts are more modest. It predicts a fairly low volatility and fluctuations of the pair in the corridor 1.1600-1.2000 for the beginning of the summer. Oscillators also expect correction upwards after 700 points of fall. So, a quarter of them are already signaling that this pair is oversold on the daily and weekly timeframes.

- GBP/USD. The pound continues to be pressured by uncertainty and disagreement with the European Union regarding the Brexit, as well as the absence of any changes in the monetary policy of the Bank of England. Starting from April 17, the pound has already lost more than 900 points and, if you look at the readings of graphical analysis and indicators, it does not intend to stop there.
So, the graphical analysis on D1 assumes that, having beaten off from resistance 1.3455, the pair can sharply go down, reaching the bottom at the level of 1.3065. And in case of the breakdown of this support, it can fall another 300 points lower - to the horizon 1.2765.
However, only 35% of experts support this development, 10% are neutral and 55% are confident that, starting from the middle of summer, the pound will start to gain strength and the pair will rise at least to 1.4000-1.4100. In this case, we must take into account that as of now, only one out of ten oscillators indicates that the pair is oversold.

- USD/JPY. It is clear that almost all trend indicators and oscillators on D1 and W1 are painted green. Only 10% of oscillators say that this pair is overbought.
It is necessary to pay attention to the fact that the pair has returned to the boundaries of the side channel 108.25-114.70, along which it has moved starting from the beginning of 2017. It broke through the lower boundary of this corridor in mid-February 2018, but now it has again approached its Pivot Point. Perhaps this is the reason for the divergence of opinions among experts: a third of them are for the movement of the pair to the north, a third vote for the east and a third think it will go to the south.
We can conclude from the above that the pair will stay in this range for the nearest months, which is confirmed by graphical analysis. At the beginning of summer, it expects the pair to move in the range of 108.25-112.00, after which the pair can go up to resistance 114.70.

- Cryptocurrencies. We should remind you once again that, due to the fact that the cryptocurrency market is thin and has increased volatility, digital currency rates can be strongly influenced not only by the decisions of various regulators, but also by the statements and actions of private companies and newsmakers of this industry.
For the pair BTC/USD, experts expect growth to the height of 11,750-12,980 by the middle of July, after which it is expected to roll back - first to the horizon of 10,000, and then, possibly, to the support of 7,160.
Analysts expect about the same dynamics for other cryptocurrencies included in the TOP-10 in terms of capitalization. So, it is not excluded that the pair ETH/USD will overcome the mark of $1000 for 1 coin in July, then it will return to the values of May in the $650 area.
LTC/USD. The pair will try to approach the height of $200 for a litecoin, then it will roll back to $140.
The immediate goal of the pair XRP/USD is to return to zone 0.8850. If it is reached, the next height is 1.0000, after which the rollback to the values in the region of 0.6300-0.7000 is expected.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

Do not trade at once on all the money and you will be happy :)

First, a few words about the behavior of the major currency pairs and cryptocurrency pairs over the past week:
 
- EUR/USD. The behavior of this pair at the beginning of the week was determined by the fear of the players over possible political changes in Italy. As a result, the pair dropped to the values of a year ago, closely approaching the 1.1500 mark. However, the situation in the eurozone eventually entered a calmer channel, the Italian populists agreed on the composition of the government, and the dollar gradually began to lose its positions. Against this background, the euro managed to win back about 215 points from the "American", and even the positive data on the US labor market on Friday (NFP increased from 159K to 223K) could not fundamentally change the situation. As a result, the pair completed the five-day period almost in the same place, where it started, in the zone of 1.1660;
 
- The dynamics which are similar to the previous pair were demonstrated by the pair GBP/USD. First it fell to the level of November 2017, but the support in the 1.3200 zone was invincible for it, and the pair went up to the height of 1.3345. Then the bears started to counter attack, but after a short struggle, the victory was with the bulls. As a result, the pair managed to gain a foothold above a fairly strong level of the last two weeks - 1.3300, and completed the week at 1.3345;
 
- USD/JPY. At the beginning of the week, the yen continued its growth, but then began to lose positions. And this was despite the fact that the index of business activity in the manufacturing sector in May increased slightly. It is possible that the fall of the yen is due to the actions of the Central Bank of Japan, which reduced the purchases of government bonds for the first time since August 2017. The result of a week-long contest of bulls and bears is a draw, the end of the trading session was met by the pair at 109.52;
 
- Cryptocurrencies. If you compare the graphs of the bitcoin and major altcoins, they quite accurately repeat the movement of major currency pairs: a fall in the first half of the week and a return to the starting positions, in the second one. The capitalization of the crypto market as a whole has not practically changed either and is $330 billion.
 

As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:
 
- EUR/USD. Both the oscillators and the trend indicators on H4 took a neutral position, while on D1, they still recommend selling the pair. As for analysts, they mainly focus is on the "trade wars" of the United States and news about the introduction of customs duties on the import of aluminum in relation to the EU countries, Mexico and Canada now. In this regard, most of them (55 %) tend to the fact that the pair can climb to the zone 1.1800-1.1830. At the same time, graphical analysis on H4 specifies that afterwards it is not ruled out to go down to support in the area of 1.1600.
In the longer term, the number of bull supporters among experts increases to almost 70%, and the targets are indicated at heights of 1.2000 and even 1.2200. As for the bears, in their opinion, the pair will not be able to overcome the resistance at 1.1800 and the seven-week long downtrend will continue;   
 
- GBP/USD. Indicators for this pair are very similar to those for EUR/USD. Experts' opinions do not differ too much either, 60% of them expect that the pound will be able to rise to 1.3420, and, in case of its breakdown, reach the zone 1.3500. The next resistance is 100 points higher.
However, the problems of Great Britain connected with the withdrawal from the EU have not disappeared. And, in case of negative economic news, the pound will continue its decline, reaching a local bottom in the zone of 1.3085. Graphical analysis on D1 agrees with this scenario, pointing to another support at 1.2900;
 
- USD/JPY. We talked above about the reduction of bonds purchase by the Central Bank of Japan. The market is only assessing the situation so far, but the big players may well decide to move the yen further down. Moreover, some of the high-ranking Japanese officials already express clear concern about the possible escalation of trade wars into the Land of the Rising Sun as well.
In the meantime, the opinions of both analysts and indicators have been divided into three almost equal parts - one third are for the fall of the pair, one third are for its growth and another third support the sideways trend. Supports are at the levels of 108.95, 108.65 and 107.50. Resistances are 110.00, 110.45 and 111.10;
 
- Cryptocurrencies. The analysis of the market shows that not only the digital currencies themselves are subject to collapse, but also the participants of this market. For example, the OKCoin crypto-exchange, which occupied the first place two years ago, is now in the 188th place. In general, during this time, 8 out of 10 crypto market leaders have lost their positions.
The launch of the futures for cryptocurrencies, as well as pessimism of institutional investors has had a negative impact both on the current dynamics and on forecasts. As a result, most likely, we should not expect the same take-off of the exchange rate of virtual money, as we saw in June last year.
Now, almost all major crypto-pairs are repeating the movements of their leader - BTC/USD, which, while reducing volatility, continues to consolidate around the horizon 7,150.
If we follow the theory of graphical analysis, we now see the formation of a figure called Pennant. However, the direction of the further breakdown obviously depends not on the Forex theorists, but on the decisions and actions, primarily of the major regulators.
In the case of a rebound upward, one can expect the bitcoin to move to the height of 11,700. The start for this will be the return of the pair BTC/USD to the zone above 9,000. In case of negative developments , we will soon see the bitcoin in the 5,000-6,000 zone. In the upcoming week, most likely, the bitcoin will test the support in the zone 7,025-7,200.
As for the altcoins, as already mentioned above, the Ethereum (ETH/USD), the Litecoin (LTC/USD), and the Ripple (XRP/USD) will most likely follow the bitcoin in the near future without taking any independent action.



Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #usdchf #forex #forex_example #signals #forex #cryptocurrencies #bitcoin

https://nordfx.com/ (https://nordfx.com/)

In early June 2018, NordFX launched a new trading and investing service, which allows traders to enjoy another benefit of additionally acting as investors and/or managers of their RAMM account.

RAMM (Risk Allocation Management Model) is a brand new and unrivalled investment model based on modern risk management principles. It incorporates the best features of PAMM accounts and signal auto-copying services, whilst also possessing a number of distinct advantages and aspects.


This service allows traders to simultaneously do the following from just one RAMM account:
- invest in several trading strategies, automatically copying the trading signals of one or several RAMM-managers,
- create a personalized trading strategy, in which traders will act as RAMM-managers.

Thus, NordFX clients can, besides trading as usual on the MetaTrader 4 platform, secure two more sources of income, performing the following roles at the same time:
- being an investor,
- being a RAMM-manager.

Another important difference between RAMM and its counterparts is the security of the investor's funds: in RAMM, investors determine the level of capital protection themselves. Should the drawdown reach a specified level, trading on the account automatically ceases. Therefore, any concerns that all money may be lost due to the manager’s mistake are eliminated. Risk control is completely automated.

Any NordFX client can open a RAMM account. A minimum $50 deposit is needed to become a manager, and a minimum $10 deposit is needed to become an investor.
Trading with leverage of up to 1:1000 is possible for all trading instruments; these include 33 currency pairs, 6 cryptocurrency pairs, gold and silver.

You can get more detailed information about the RAMM service in the corresponding page of our website at
 https://ramm.nordfx.com (https://ramm.nordfx.com).

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First, a review of last week’s forecast:
 
- EUR/USD. The basic forecast for this pair, supported by the majority of analysts, assumed its growth to the zone of 1.1800-1.1830. The pair went up indeed, fixing the week's high at 1.1839. So, taking into account the standard backlash, the forecast turned out to be absolutely correct. A rebound followed, and, as a result, the pair completed the trading session at the horizon 1.1770;

- GBP/USD. The forecast for this pair was very similar to that for the EUR/USD. 60% of experts had expected that the pound could rise to the level of 1.3420, and, in case of its breakdown, reach the zone 1.3500. It actually happened so - on Thursday, June 08, having broken the resistance of 1.3420, the pair briefly managed to rise to the height of 1.3470, then the bulls' strength dried up, and the pair met the end of the week 70 points lower - in the zone 1.3400;

- USD/JPY. Recall that last week the opinions of both analysts and indicators were divided into three almost equal parts - one-third voted for the fall of the pair, one-third were for its growth and another third voted for the sideways trend. And, as is often the case in such situations, everyone was right: the pair first grew to 110.25, then fell back to support 109.20, then again grew up and completed the five-day period almost in the same place where it started, in the zone of 109.55;

- Cryptocurrencies. As was said earlier, almost all major cryptopairs have been recently repeating the movements of their leader, BTC/USD. And the bitcoin, in turn, draws the Pennant and, constantly reducing volatility, continues to consolidate in the horizon area slightly above 7,000. So, if you look at the chart of D1, it is clearly visible that this "father" of all virtual currencies moved strictly horizontally in an extremely narrow corridor 7.345 - 7.730 for the whole week. It was followed in the sideways trend by all the major altcoins, and the attempt of the Ethereum and the Litecoin to break away from the leader and break through up at the beginning of the week, was unsuccessful, as expected. As a result, they returned to the initial levels: the Ethereum to around $600 per coin, and the Litecoin to $118.
 

As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:
 
- EUR/USD. President Donald Trump's opponents must be very upset - to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve's target of 2%, the trade deficit is declining, and the gross domestic product is growing. All this leads to the dollar strengthening, which plays against American importers, and it also leads to the discontent among the financial elites of many countries whose currencies have now reached the historic lows.
As a result, the overwhelming majority of experts (65%), supported by graphical analysis on H4 and D1 and 70% of oscillators, believe that the correction which started last week, will continue, but the pair's growth will be limited by the resistance in the zone of 1.2000. (In case of a breakdown when the pair fixes above, the next target is 100 points higher).
As for the supports, the main ones are located at the levels of 1.1650 and 1.1570;

- As for the pair GBP/USD, the correction to the level of 1.3615 is expected to continue by 65% of analysts. The next resistance is at the height of 1.3700, however, only 45% of experts vote for such growth. Graphical analysis on D1 also believes that the correction will be completed in the zone 1.3615, after which the pound sterling will continue its decline. The support levels are 1.3200, 1.3125 and 1.3040;

- But as for the Japanese yen, according to the readings of graphical analysis, on the contrary, it should strengthen its position. As a result, the pair USD/JPY may fall to the level of 108.00. However, only 40% of experts agreed with this scenario, 50% supported the growth of the pair, and another 10% are for the sideways trend. The oscillators do not have obvious signals either - on H4,most of them side with the bears, and on D1 the advantage is smoothly passed to the bulls. Resistances are at horizons 110.25 and 111.40;

- As for the main cryptocurrencies, their extremely low volatility does not allow us to speak of any stable trends emerging. And we are talking not only about the short-term forecast, but also about the forecast up to the end of this year. Thus, many analysts predict a gradual drying up of this market and a decrease in its capitalization. In this regard, the most likely target for the bitcoin for December 2018. is named as12,500 instead of previously announced 15,000.


Roman Butko, NordFX


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

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