Nordfx broker: news, weekly Analytics

[Stan NordFX]

NordFX Receives Two Crypto Trading Awards

This autumn, NordFX has been awarded two prestigious awards, which mark its innovative developments and a high level of crypto trading services. The International Business Magazine has named NordFX Best Broker for Trading Cryptocurrencies, and the company has been recognized as Most Trusted Cryptocurrency Broker 2018, according to the Global Brands Magazine's expert council vote.
 
"Our award," writes the Global Brands Magazine, "aims to identify and recognize the significance of exceptional service delivery and reward the performance with the ultimate global Recognition. An external research team was constituted to evaluate the nominees. Data was collected by the team from different sources including third party data providers and annual reports. As per our research team, your company has been doing really well showing excellence in the field of Forex and has been qualified and recognized as Most Trusted Cryptocurrency Broker 2018.

The award is a testimony for your company, who has performed extraordinarily well and have achieved brand excellence over the last few years. Congratulations from the Global Brands Magazine!”.


https://nordfx.com/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for October 01 - 05, 2018.

First, a review of last week’s forecast:
 
- EUR/USD. As expected, the last week had a lot of trouble for both the euro and the US dollar. The pair visited both the upper and lower boundaries of the medium-term side corridor 1.1525-1.1830 during the last five days. In the end, the victory was with the dollar. The reason for this were the Fed meeting results, along with the growth of US GDP and inflation in the Eurozone, as well as problems in Italy, whose government published the budget for 2019. with a deficit of 2.4% (instead of the expected 2%). As a result, having shown volatility of 245 points, the pair completed the weekly session at 1.1602;
 
- GBP/USD. Recall that last week 55% of experts voted for the growth of this pair, 30% gave their votes for its fall, and the remaining 15% were for a sideways trend. And this discrepancy turned out to be the most accurate forecast. The pair was rising for the first half of the week, reaching 1.3225 at the maximum, and was going down during the second half, feeling for a local bottom near the level of 1.3000. As a result, it went down by only 45 points during the five working days, finishing at 1.3030; 
 
- USD/JPY. The scenario, for which 40% of analysts, graphical analysis on D1 and 100% of trend indicators had voted, provided for the pair to grow to the area of 113.20-113.75. And the pair did grow indeed, reaching the high at 113.70.
The reason for the fall of the yen were the statements of the head of the Bank of Japan Haruhiko Kuroda and the head of the US Federal Reserve, Jerome Powell. The first of them said that the Japanese regulator did not plan to curtail the mitigation policy. Moreover, the interest rate, which is now minus 0.1%, can be lowered further. As for Powell, he confirmed at a press conference that, in addition to the increase on Wednesday, September 26, the Fed was planning another increase in interest rates in 2018 and three more increases in 2019.
In this situation, the reaction of the markets was predictable: the dollar continued its active growth and met the end of the week at 113.68;
 
- Cryptocurrencies. There was no special news that could seriously move the crypto market in one direction or another last week. The cryptocurrencies included in the TOP-10 behaved accordingly. During the first half of the week, the bitcoin showed a 7.5% drop, followed by a 7.25% increase. As a result, the pair BTC/USD did not leave the range between $6,000 and $7,000, keeping in an even narrower channel, $6,325-6,835. The litecoin (LTH / USD) and the ripple (XRP/USD) are closing the week almost at the same place where they started it. It was only the ethereum (ETH/USD) that showed a drop of 8% during the seven days, dropping to $225.0 per coin, and is now at the level of September 6-7.

 
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:
 
- EUR/USD. The overwhelming majority of experts (70%), supported by 95% of the trend indicators, are voting for further strengthening of the dollar and decline of the pair first to support 1.1525, and to the August low at 1.1300 during the month of October.
An alternative scenario has been supported by 30% of analysts and 20% of oscillators giving signals the pair is oversold. If we supplement their forecast with graphical analysis indications on H4 and D1, we can say that the growth of the pair will be limited by the upper boundary of the medium-term horizontal channel 1.1525-1.1830. The nearest target for bulls is the level of 1.1740.
As for the release of macroeconomic data, we should pay attention to the statistics on the US labor market on Friday, October 5, including the data on wages, unemployment and NFP. The consensus of American analysts predicts that the number of new jobs created outside the agricultural sector will be 8% less than the August values, which may lead to a slight weakening of the dollar; 

- GBP/USD. 55% of experts vote for the fall of this pair to the level of 1.2900, 25% are for its growth to the area of 1.3100-1.3145, and the remaining 20% have taken a neutral position. The reasons for such a preponderance of votes given for the further weakening of the pound are still the same: deterioration in the UK's economic performance and the uncertainty with Brexit.
The indicators' reading. If most of the oscillators and trend indicators are colored red on H4, about 30% are already green on D1. At the same time, about 20% of the oscillators on both timeframes indicate the pair is oversold. There is no unity in the readings of graphical analysis either: on D1, it clearly demonstrates the movement of the pair down to zone 1.2800-1.2845, and on H4 it draws a side channel 1.2980-1.3175 for the pair;
 
- USD/JPY. Here the voices are split exactly in half. 50% of experts, supported by graphical analysis on D1 and 100% of trend indicators, believe that the upward momentum is not yet exhausted, and the pair must necessarily reach a height of 114.50.
The second half of the experts expect a serious correction and the fall of the pair to support 112.00. 15% of the oscillators are also signaling that the pair is overbought, which is in favor of such a scenario;
 
- Cryptocurrencies. The capitalization of the crypto market as a whole has not crossed the mark of $ 250 billion, but the growth of major cryptocurrencies rates is on good volumes, indicating that the bulls are gradually gaining strength. The ripple (XRP) and the bitcoin cash (BCH) are those two altcoins that inspire investors at the moment, giving them hopes for a better future. The ripple has risen more than twice over the past three weeks, and the bitcoin cache has gone up by 30%.
Instant transfers based on protocols from Ripple are more and more likely to take away a "piece of pie" from the SWIFT system which is now reigning in the banking sector. There is an opinion that such blockchain technologies are financed by corporations wishing to hide their funds in the depths of "digital offshore companies " instantly, deeply and reliably. On the contrary, an alternative point of view ascribes the authorship to US special services, whose goal is the total control over all the world money flows. It is not known which of these theories is true, but, in any case, such virtual currencies as ripples have a weighty basis for growth.
Whether the crypto market capitalization comes close to the $300 billion mark in the near future, whether the bitcoin exceeds the $7,000 mark, dragging the altcoins up with it, depends now solely on the news background. If there are no positive news, the movement in the range of $6,000-7,000 (or in a narrower channel - $6,325-6,835) is the most likely scenario.


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/

[Stan NordFX]

A New Old Trend from Broker NordFX: Trading in Gold

With the cryptocurrency market falling, the noble yellow metal can become one of the most attractive tools for financial traders and speculators.
 

Gold instead of Bitcoin?
 
Undoubtedly, the most common thing for Forex traders is trading currency pairs and, in the first place, the majors: US dollar, British pound, Euro, Japanese yen.  Transactions with these fiat currencies used to account for the lion's share of the broker companies’ turnover until the middle of last year, when they were gradually replaced by bitcoin, ethereum, litecoin and other digital altcoins.
 
However, after the sharp drop of the bitcoin, the rush demand for virtual currency began to decline and many traders were once again facing the question how to increase their profits.
 
And it is right now, in autumn 2018, that it is simply necessary to recall such a profitable and time-tested instrument as the gold. After all, it is the gold that can provide stable earnings for traders.
 

"A Cobblestone in a Box", or Some Statistics
 
A few years ago, the Wall Street Journal tried to convince the readers that the gold ceased to be a safe haven, keeping you away from crises and inflation, and called this precious metal "a cobblestone in a cardboard box". The Washington Post appeared at the same time with a similar forecast, saying that "the gold was doomed". And both these respected publications were wrong.
It was seventeen years ago, on April 2, 2001, that the gold prices fell to $255.3 per troy ounce, reaching their bottom, after which the gold rallied for a decade. Such dynamics have not been observed for any other asset in the financial market.
In 2011, the gold broke through the mark of $1,900 per ounce, and it seemed that the iconic $2,000 was the reality of the nearest months. But ... then, it started as sharply, as an avalanche, to lose value. Optimists called this collapse a correction, while pessimists said it was a return to the real value. (Don't you agree, it reminds us of the situation with the bitcoin).
According to some analysts, the new bottom could be somewhere around $350 per ounce, but for all past years the price of the yellow metal has never dropped below $1000.
 
If you look at the World Gold Council data, it can be clearly seen that the interest in this precious metal, as a reliable haven in the moments of financial and economic storms, is constantly growing. The demand for it grew by 42% just in the first three months of 2018.
The Central banks of many countries, such as Russia, China, India and a number of others, have been actively replenishing their gold reserves in the last ten years, seeking to diversify their portfolios. Thus, for example, Russia's gold reserve has grown by 200 tons of the yellow metal in three years. In the context of geopolitical tensions in the Middle East and the crisis in relations with the US, the Central Bank of Turkey has also relied on the gold, having bought 86 tons last year.
Thanks to China and India, the demand for the gold is also growing in jewelry making and in industry. The demand for jewelry alone in India has exceeded 560 tons, and in China - 645 tons.   
In 2017, the volume of gold reserves in the 10 largest countries amounted to about 30 thousand tons, and its value approached $12 trillion. (For comparison, the total crypto market capitalization in September 2018 is about $200 billion).
 
Why do we publish these figures? We just want to show that, unlike bitcoin and all kinds of altcoins, the gold has a real, not virtual, value, and therefore it is an excellent tool for exchange speculation, without any risk of falling to zero.
 

How to Profit on Gold
 
There are a lot of trading strategies that allow you to profit from transactions with the gold. But, probably, one of the most reliable and profitable strategies is trading based on the analysis of the current world macroeconomic and political trends, says NordFX leading analyst John Gordon.
In this case, the trader needs to know that the price of this precious metal largely depends on the following factors:
- When the dollar grows to other world currencies, the gold price falls. And vice versa: the dollar is falling - the gold is becoming more expensive. Suffice to look at the charts of the EUR/USD and the XAU/USD, and this correlation becomes obvious;
- The higher the price of energy (especially oil prices), the higher the gold prices;
- Geopolitical tension in the world, cold and hot conflicts and wars, especially in the gold-mining regions, is the most fertile ground for the gold price growth. And the stronger such tension is, the more rapidly the price rises;
- World economic crises are also a "fertilizer" in which "golden spikes" show impressive growth, offering investors a shelter from financial storms and shocks.
 
When starting trading in precious metals, it is necessary to bear in mind that such transactions with Forex brokers differ from transactions with traditional currencies. Thus, for example, the volume of a lot here is measured not in money, but in grams or kilograms. 1 lot is equal to 100 troy ounces, in other words, 3.11 kg of this noble metal. That is, with the current price of $1,200 per 1 ounce, in monetary terms, the volume of 1 lot will be $120,000.
It is clear that the absolute majority of traders do not have this amount available, so the need to use a credit leverage becomes obvious. The broker NordFX offers using the leverage ratio of up to 1: 1000 on three types of trading accounts: Fix, Pro and Zero. And given the fact that the minimum transaction size at NordFX is 0.01 lots, the trader only needs about 1.5 dollars to enter the precious metals market.
 

Medium-Term and Long-Term Forecasts

As for the forecasts for the upcoming 2019, the overwhelming majority of experts are betting on the growth of the gold price. "It seems to be ready for the next stage of the bull market, which began around 2000," writes Hubert Moolman at 24hgold.com, "breaking through the $1375 level will be the definitive confirmation of this."
 
According to ABN Amro senior analyst Georgette Boele, the gold price in 2019 has a chance to rise to 1400 dollars. "By the end of 2018 the US dollar and 10-year US Treasury bonds will reach a peak, and then will start to decline. The fall of the yuan came to an end and a significant escalation of the trade conflict was prevented. Therefore, the price of precious metals is likely to be restored, "- says Bole.
Analysts at JP Morgan Commodities Research are also optimistic about the future. In 2019, they expect the price of $1412, in 2020 - $1,460. A similar price, $1,450, is also named by the Goldman Sachs investment bank experts.
 
As for a longer-term perspective, here we should pay attention to the forecast of Australia and New Zealand Banking Group. According to the ANZ chief economist Warren Hogan, the revenue growth in Asia will have serious consequences for the gold market, and by 2025 the price could rise above $2,000.
 
One of the most courageous forecasts has been given by the Gilburt Financial Services manager and the wave analysis specialist Avi Gilburt. It should be noted that he had accurately predicted the completion of the correction in 2015 and the transition to an important phase of the bull market, which, in his opinion, could last for the next 50 years, raising the gold price to $25 thousand per troy ounce!


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.

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

https://nordfx.com/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for October 15-19, 2018

First, a review of last week’s forecast:
 
- EUR/USD. The US market sees a continuing correction, which leads to a weaker dollar. On Thursday, October 11, the US stock index S&P500 lost the next 2%, causing investors to get rid of dollar assets. The process was also pushed up by the news that Donald Trump wants to meet with his Chinese counterpart Xi Jingping during the G20 summit. This was taken as a possible weakening of the US position. As a result, having made a throw from south to north, the pair returned to the borders of the mid-term side corridor 1.1525-1.1830, which started in May, and completed the five-day period at 1.1560;
 
- GBP/USD. The weakening of the dollar could not help but affect this pair. On Friday, October 12, it rose to the height of 1.3255, and the difference between the two-week minimum and maximum exceeded 335 points. True, at the very end of the week, after an impressive growth, there followed a rebound down, and the pair met the end of the session at around 1.3150;
 
- USD/JPY. The Japanese yen returned to the mid-September values, thus strengthening against the dollar. The formation of this trend was influenced by the negative reaction of major players to the increasing volatility in the world markets and their desire to hide part of their capital in a quiet Japanese harbor. As a result, the final chord of the week sounded in the zone 112.20;
 
- Cryptocurrencies. One could say that there are no changes on the digital front, because the BTC/USD pair has not gone below the level of mining profitability. Although it made investors nervous, in just a few hours the price of bitcoin fell by $420, dropping to a three-week low of $6.215. The fall of the benchmark cryptocurrency was caused by the collapse of the US stock market and the IMF report, which spoke about the problems of cybersecurity and that digital currencies could become a new cause of the global financial system vulnerability. The absence of the American regulator (SEC) decision on the request for the ETF launch did not add optimism to the market either.
The rest of the top pairs followed the bitcoin down as well. The total capitalization of the crypto market declined by $15 billion. Although bitcoin and such altcoins as l litecoin (LTH/USD), ripple (XRP/USD) and ethereum (ETH/USD), managed to win back some losses by the end of the week, the victory remained for 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. The next week is literally overflowing with events that may affect the formation of trends in the dollar pairs. These are both macroeconomic statistics from the USA, and data on inflation in the Eurozone, Great Britain and China. The current economic sentiment index will be presented by Germany and the EU, and the minutes of the US Federal Reserve Committee meeting will be published on Wednesday. A serious impact on the market will be rendered by the data on China's GDP, and, of course, the results of the EU Brexit summit.
All these events involve a huge number of scenarios. In such a situation, both oscillators and trend indicators are in complete confusion. But most experts (60%) believe that, returning to the boundaries of the corridor 1.1525-1.1830, the pair will move up for a while, first towards the center, and then towards the upper boundary of this channel. The targets are 1.1650 and 1.1735.
The alternative scenario is supported by the fact that, after updating the highs, the yield on 10-year US bonds went down, indicating a possible strengthening of the dollar. The support levels are 1.1430 and 1.1300;
 
- GBP/USD. As in the previous case, here again 60% of analysts have given their votes for the upward movement of the pair. In their opinion, the pair should rise to the zone 1.3225-1.3245. The next target is the height of 1.3300. According to the experts, there are still many opportunities for the pound to strengthen, and, first of all, the market is waiting for positive news regarding Brexit.
80% of trend indicators and 70% of oscillators on D1 also vote for the growth of the pair, and a number of them indicate that the pair is oversold.
It should be noted that in the medium term the odds go over to the bears and here it is already 55% of experts, supported by graphical analysis on D1, who expect the pair to fall to the lows of early October in the zone 1.2920;
 
- USD/JPY. For this pair, the bears win with a small margin (45%). In their opinion, the dollar will continue to fall, and the quotes will approach the level of 111.00. This scenario is supported by 70% of trend indicators and oscillators. However, it is already 20% of oscillators on D1 that signal about the pair being oversold.
35% of analysts vote for lateral movement, and the remaining 20% are for an uptrend with the targets of 113.15, 114.00 and 114.55.
As for the graphical analysis, according to its readings, the pair will first rise to the resistance of 113.15, and then abruptly go down to support 111.70, and then further, trying to reach the local bottom in the 111.00 zone;

- Cryptocurrencies. In its fall on Thursday, October 11, the bitcoin broke through the uptrend support line, which started back on September 8th. If the fall continues, we will be able to see the pair BTC/USD in the $6,100 zone. The next support is at the level of $5,870. However, in the absence of sharply negative news, the most likely, according to analysts, is the return of the bitcoin to the $6,325-6,835 zone. This forecast is based, among other things, on the results of the Chainalysis study, which has shown that the major players very often try to stabilize the rate by buying coins during the time of correction. That is what is happening at the moment.

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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for October 22-26, 2018

First, a review of last week’s forecast:
 
- EUR/USD. As expected, the past week was filled with all sorts of events. These included macroeconomic statistics from the USA, data on inflation in Europe, the UK and China, indices of current economic sentiments in Germany and the EU, the meeting of the US Federal Reserve Committee on Open Market, data on China’s GDP and the EU Brexit summit.
All of these could affect the trends formation. Therefore, our experts considered two main scenarios. The first, "bullish" one, was the growth of the pair, first to the center of the medium-term channel 1.1525-1.1830, and then to its upper border. And the second, the “bearish”, the strengthening of the dollar and its decline to support 1.1430.
So, all these events happened, everything that could have happened, did happen. And what was the result? Well, there was no result. First, the pair implemented half of the “bullish” forecast, having risen to the level of 1.1621, then the “bearish” one, having touched the bottom in the 1.1430 zone, after which it returned to where it had already been two weeks before, as well as in August, in June, and even in May, to the level 1.1513;
 
- GBP/USD. The forecast given by most analysts and confirmed by 80% of the trend indicators and 70% of the oscillators on D1, has come true by 100%. According to the experts, the pair was supposed to reach the height of 1.3225, which it did on Tuesday, October 16.
In the medium term, the initiative should have passed into the hands (or paws) of the bears, who were supposed to have dropped it to the lows of early October in the 1.2920 zone. All this really happened in the second half of the week, the trend turned south, but so far, the pair was able to achieve only support 1.3010, after which a rebound followed, and it ended the session in 1.3065 zone;
 
- USD/JPY. Last week, it was not possible to give any clear recommendations on this pair: 45% of the experts voted for its decline, 20% for its growth, and 35% were for the sideways movement. These 35% turned out to be right: the maximum range of fluctuations of the pair did not exceed 110 points. The result was even more modest: having started from the level of 112.20, the pair finished the week at 112.55. Thus, the dollar managed to win back from the yen only 3 5 points in five days;
 
- Cryptocurrencies. We constantly write that the main factor determining the cryptocurrencies rates is not the economy and not the technical analysis figures, but the news and the rumors. The past week was a clear confirmation of this.
On the morning of Monday, October 15, most bitcoin owners jumped out of their beds, shouting "Hallelujah!" it started finally: the rate of this reference currency on some exchanges soared from the mark of $6,380 to $7,700 in just a couple of hours, that is, more than 20%!
This news was caused by problems with the Tether (USDT) cryptocurrency. Ordinary traders began to urgently sell off the stablecoin, buy up the bitcoin, as a result of which, the BTC/USD rate literally rushed into space.
But the happiness didn't last long. It became clear soon that all this was just a provocation, after which a no less sharp collapse followed, and the rate returned to the usual values of the past month and a half. As a result, the authors of these fake news earned good money, and those who bought into this fake, lost a lot. Those whose Stop Loss or Margin Call worked as a result of the jump are also sad.
We did not know what could happen on Monday October 15. But the forecast that the bitcoin, pushing off from the lowest point of its amplitude, should return to $6,325-6,835, turned out to be absolutely correct: the BTC/USD met Saturday at $6.535.
The bitcoin fate was repeated by the rest of the top cryptocurrencies: many, like, for example, the ripple (XRP/USD) and the ethereum (ETH/USD), ended the week with a slight increase, other, like the litecoin (LTH/USD), finished with the nil result.

 
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. Although some analysts talk about five, and even about ten key events of the coming week, in our opinion, it is not worth focusing on the economic calendar in this case, and it will not bring any special surprises for traders. Therefore, it may be worthwhile to pay more attention to longer-term forecasts and technical analysis.
Giving a forecast for the EUR/USD pair, most experts (70%) assess the outlook for the dollar positively. In their opinion, the goals of the pair are still the support levels of 1.1430 and 1.1300. About 70% of trend indicators and oscillators on H4 and more than 80% on D1 agree with this scenario.
The remaining experts, supported by graphical analysis on H4, believe that the pair has just moved one level down, and now the lower limit of the medium-term corridor 1.1525-1.1830 has become a Pivot Point for the new side channel 1.1430-1.1625, in which the pair will move for some time;

- GBP/USD. Negotiations on Brexit reached another deadlock last week. It became clear that it will not be possible to complete the deal between London and Brussels by mid-November. Against this background, more than 90% of the experts, supported by the absolute majority of indicators, expect the British pound to go further down. The closest support is 1.3010, the goal is 1.2900. The nearest resistance is at 1.3100-1.3130, the following is much higher, at 1.3215;
 
- USD/JPY. If for the pair GBP/USD the experts expect the dollar to strengthen, the picture for the USD/JPY is reversed: in their opinion, the Japanese yen should strengthen. Both 65% of analysts, graphical analysis, and oscillators on D 1 agree with this. The goals are 112.00, 111.65 and 110.70.
An alternative point of view is presented by 35% of analysts and 70% of indicators on H4. The resistance levels 112.75 and 113.50;
 
- Cryptocurrencies. It is clear that we, similar to most analysts, cannot predict the stuffing of the next fake news. However, there circulate sustained rumors that the Wall Street is preparing a second wave of invasion to the crypto market. One of the largest holding companies Fidelity Investments, Goldman Sachs, as well as other investment banks can become a “shock force”. However, these are all hopes of the blockchain apologists.
At the moment, the market is in a state of consolidation, and therefore we can only repeat the previous forecast with minor adjustments: the movement of the pair BTC/USD in the range $6,325-$6,900. At the same time, major players may still attempt to bring down the rate to the level of mining profitability in the region of $6,100, where they are beginning to actively buy coins.
A provocation similar to the one that happened on October 15, is unlikely in the near future.


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/

[Stan NordFX]

Broker NordFX Launches Exchange Crypto Trading based on MetaTrader-5

The international broker company NordFX, in addition to MT4, launched exchange trading in cryptocurrencies based on the MetaTrader-5 platform, early September. This platform, as well as the Crypto account, is intended only for operations with cryptocurrencies, where all clients carry out transactions not with a broker or an exchange, but exclusively with each other. At the same time, the system is completely transparent: thanks to the depth of the market, each limit order is visible to all trade participants.

As before, traders have an opportunity to profit not only from the growth, but also from the fall of cryptocurrencies. As for margin trading, its opportunities have become much wider. If it is $300 that you need to open a position of 1 bitcoin on MetaTrader-4 at the moment, it is just $100 that is enough on MetaTrader-5.
 
Unlike many crypto exchanges, in NordFX, traders can profit not only on trading, but also on maintaining exchange liquidity. Commission fees for the maker traders are negative. That is, they receive a remuneration of 0.02% of each transaction volume. As for the commission fee charged to the taker traders, it is the lowest in the market and is only 0.09%.
 
Thanks to the presence of two platforms, MT4 and MT5, traders can apply a wide variety of trading strategies using dozens and hundreds of indicators. There are no restrictions on the use of expert advisers either. And thanks to the low commission and the rapid execution of orders, it has become possible to profit from the slightest market fluctuations.
 
In total, there are 14 main crypto pairs, cross pairs and 4 crypto-indexes available for trading 24/7/365 without holidays and holidays at the moment. The Crypto account is intended exclusively for exchange crypto trading. For traditional trading, you can use the MT4 platform, where you can also trade major fiat currencies (33 currency pairs), gold and silver, using a leverage of up to 1:1000.

The Crypto trading account for MT5 can be nominated in both US dollars and in bitcoins or Ethereums. Accordingly, depositing and withdrawal to wallets are also possible in USD, BTC and ETH. To get more information about this account and the terms of trading on the MetaTrader-5, please visit the NordFX website.

***
The NordFX computer system has a high degree of protection: there has not been a single case of its hacking during 10 years of its work in financial markets. The company has been honoured with more than 35 professional prizes and awards, among them Most Reliable Broker 2016 and 2017, Best Crypto Broker Asia 2017 and Best broker for Trading Cryptocurrencies 2018.
In total, starting from 2008, clients from more than 185 countries have opened over 1.250.000 accounts in NordFX.


#eurusd, #gbpusd, #usdjpy, # forex, # forex_forecast, #forex signals, #cryptocurrencies, #bitcoin

https://nordfx.com/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for October 29 - November 02, 2018

First, a review of last week’s forecast:
 
- EUR/USD. When giving the forecast, we assumed that none of the events noted in the economic calendar would be able to considerably shake the market. And we were right: the market reacted rather sluggishly even to the ECB chair Mario Draghi 's statements and to the US GDP data, which turned out to be 0.2% higher than expected.
Our second forecast for the past week was the growth of the dollar, which had been supported by 70% of the experts. And it did strengthen against the euro by about 200 points. The EUR/USD pair was going down neatly, step by step, as if by staircase, for the whole week, until it reached the level of 1.1335. After that, the euro won back 65 points, and the pair completed the week in the 1.1400 zone;
 
- GBP/USD. Recall that more than 90% of experts, supported by the absolute majority of indicators, had expected a further fall of the British currency. The forecast turned out to be absolutely correct, and the pound lost about 300 points. The pair’s chart practically repeats the EUR/USD chart: a decline accompanied by regular corrections until the very end of the week, when the pair stopped at 1.2825;
 
- USD/JPY. If when giving the forecasts for the European currencies, the experts had expected the dollar to rise, here their opinion was just the opposite: the yen should have strengthened, albeit slightly, against the backdrop of the US-Chinese trade wars. The immediate targets were named as the levels of 112.00 and 111.65. They were alternately reached by the pair, it groped the bottom at 111.37 and ended the week in the 111.88 zone;
 
- Cryptocurrencies. As we had predicted, having calmed down after the fake news input on Monday, October 15, the market moved to the consolidation phase. The ripple demonstrated the highest volatility (about 8%). A At the same time, the bitcoin, the litecoin and the ethereum behaved even quieter than many conventional currency pairs and equity. The BTC/USD, for example, stayed in a very narrow corridor of $6,460-6,655, even despite another hacking of another crypto exchange.
We are talking about the attack of the North Korean Lazarus hacker group at the Swiss exchange Trade.io. In general, according to the CipherTrace, the number of crypto thefts in 2018 increased by 3.5 times if compared with the previous year, and the total amount of stolen funds is rapidly approaching a round figure of 1 billion US dollars. Moreover, about 60% of thefts were carried out by North Korean hackers.

 
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 majority of analysts are still waiting for further strengthening of the dollar. Although, this majority is small, 55% vs. 45%.
There will be a lot of various economic events next week, among which we would note two events. The first one is publishing of the Eurozone GDP data for the 3rd quarter on Tuesday, October 30. If it turns out to be no worse or at least the same as in the 2nd quarter, this can play in favor of the euro.
As for the dollar, the data on the labor market (including NFP), which will be released on Friday, November 2, may side with it.
At the time of writing this forecast, the vast majority of trend indicators and oscillators are colored red. However, 10% of the oscillators are already giving signals that the pair is oversold on D1, which is a precursor to a possible strong correction, as a result of which, according to the indications of graphical analysis, the pair can rise to the level of 1.1450 or another 80 points higher, to the level of 1.1530, and then continue to fall.
The goal of the bears is the year's low of 1.1300, which was fixed on August 15. The pair is unlikely to go below this mark before the mid-term elections in the US on November 6 and the Fed meeting on November 8. Although one cannot exclude any attempts to break through this support;
 
- GBP/USD. The pound has already reached the September lows in its fall, the next goal is the 2018 lowest point, 1.2660. And 70% of experts do not see serious obstacles to achieve it.
The Brexit problems have not disappeared, the country's economy is lame, and the threat of Prime Minister Theresa May’s resignation has been added to all this. As a result, the British pound is quickly losing its attractiveness to investors and is moving from being from a refugee currency into the category of risky assets.
However, 30% of analysts are still hoping for a rebound upwards, amid this bleak picture. This can be facilitated by the fixing by major players of the monthly profit on the dollar, as well as by the positive news following the Bank of England meeting on Thursday, November 01. As a result of the rebound, the pair may return to the zone 1.3045-1.3255. The nearest resistance is 1.2930.
The indicators' readings for the pair almost 100% repeat the readings for the euro/dollar pair: almost all of them are colored red, and only 10% of the oscillators signal that the pound is oversold.
A compromise version is offered by the graphical analysis, according to which the pair may move in the side channel 1.2800-1.2930 for a few days;

 
- USD/JPY. By Friday, October 26 evening, the pair stopped its fall and, having turned, was able to break through the strong support/resistance level of 111.80. Most experts (70%), supported by graphical analysis, believe that this is a clear signal to the next strengthening of the dollar and the rise of the pair to at least 112.85. The following goals are 113.35 and 114.55.
The remaining 30% of analysts vote for the alternative scenario. They hope that the Bank of Japan meeting, and the speech of its head Haruhiko Kuroda on Wednesday October 31 will be able to support the Japanese currency and help it reach values in the 110.75-111.40 zone;
 
- Cryptocurrencies. The number of Google searches for the reference cryptocurrency has decreased by 93% in the ten months of this year. The total capitalization of the crypto market has been fluctuating around $200 billion for more than two months, which indicates a decline in investor interest in both the bitcoin and the market as a whole.
The market can only be revived by the appearance of really important news. Otherwise, the BTC/USD pair will continue to move in a narrow range of $6,325-6,660 with a predominance of the bearish sentiment. The next resistance is 6,780, and the support, as before, is in the mining profitability zone of $6,100.


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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for November 05-09, 2018

First, a review of last week’s forecast:
 
- EUR/USD. Recall that most experts (55% vs. 45%) voted for further strengthening of the dollar, calling the year's low of 1.1300 recorded on August 15 as the goal. This forecast came completely true, and the pair touched the bottom at this point on the last day of October, which was also facilitated by the optimism of the US President regarding the negotiations with China. True, in contrast to D. Trump, Larry Fink, head of one of the largest BlackRock investment funds, said he expected a full-scale trade war with China in the coming weeks.
The joy of the bulls was short-lived. The market met November with growing thirst for risky investments, which was supplemented by news of progress in the Brexit negotiations. As a result, the pair flew up to the height of 1.1455, after which everyone froze in anticipation of data on the American labor market, which, as we expected, somewhat strengthened the dollar. Thus, the number of new jobs created outside the agricultural sector (NFP) more than doubled (from 118K to 250K), which allowed the dollar to win back about 65 points. As a result, the pair completed the week in the same place where it began, in the zone 1.1390;       
 
- GBP/USD. As the experts expected, the British currency fell in the first half of the week, trying to reach the 2018 low, 1.2660. However, n the November start was turning for this pair as well. On the background of the news on possible signing of an agreement with the EU on Brexit soon, the pound showed an impressive growth, soaring by 340 points. The pair finished the week at 1.2960, in the zone which can be conditionally defined as the Pivot Point of the last three months;
 
- USD/JPY. The forecast for this pair was also absolutely accurate. Recall that the majority of experts (70%), supported by graphical analysis, voted for the strengthening of the dollar and the growth of the pair. The heights of 112.85 and 113.35 were named as targets. And It all happened. On Tuesday, the pair reached the resistance of 112.85, broke through it and fixed the weekly high at 113.38. After that, there was a retreat to the level of 112.55, and the last chord of the week sounded at the level of 113.20;
 
- Cryptocurrencies. Our forecast said that in the absence of really important news, the BTC/USD will continue to move in the narrow range of $6,325-6,660 with a predominance of the bearish sentiment. The next support was around $6,100. This scenario was realized with a small tolerance: pushing off from the resistance of 6.550, the pair went to the lower border of the lateral channel 6.320. The bears managed to break through it in the middle of the week, and the bitcoin dropped to the horizon of 6,240, but quickly turned around and climbed to the center of the side channel in the 6.425 zone. This confirmed the assumption that, knocking the rate down to the mining profitability level, the major players are beginning to actively buy coins, as a result of which the quotes are quickly returning to the initial level.
The bitcoin’s fate was repeated by most of the top altcoins: many coins, such as Ethereum (ETH/USD) and Litecoin (LTH/USD), finished the week with a slight, barely noticeable, decrease, while others, like Ripple (XRP/USD), ended the week with a zero result.

 
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. We await two major events that can dramatically affect the fate of all dollar pairs this week. These are the mid-term elections in the USA on November 6 and the Fed's decision on the interest rate on November 8, followed, as usual, by the comment of the head of the Federal Reserve. One can also add to this the falling oil prices, quite unexpected statements by the US President and optimism about the agreement on British withdrawal from the EU, which has a positive effect on quotes not only for the pound, but also for the euro.
On this motley background, most experts (60%), supported by graphical analysis, sided with the European currency, waiting for the pair to rise to the zone 1.1480-1.1525. The nearest resistance is 1.1445.
The opposite point of view is supported by 40% of analysts and the overwhelming number of oscillators and trend indicators on D1. The bears' supporters talk about weak economic indicators of the Eurozone, problems of Italy and expect that the pair will again test the support of 1.1300, and, in case of its breakthrough, will sink to the horizon of 1.1210. The next target is at 1.1100;

 
- GBP/USD. In addition to advancing Brexit negotiations, last week's pound growth was supported by the statement from Bank of England CEO Mark Carney that the regulator is ready to raise the interest rate in any event, including even the “complicated Brexit”. This is about raising the rate to 1.5% within three years (previously 1% was mentioned).
However, the positive effect of Carney’s promises was short-lived, and 50% of experts expect the British currency to weaken already this week. In their opinion, the pair should strive again to the low of October 30 in the zone of 1.2700, and then even lower, to the minimum value of August, 1.2660.
An alternative point of view is expressed by 40% of experts. Supported by graphical analysis and almost 90% of oscillators and trend indicators on H4, they have voted for ongoing growth of the pair at least to the height of 1.3100. The next target is 1.3220.
Finally, the remaining 10% of the experts, together with the indicators on D1, have taken a neutral position, waiting for the sideways movement of the pair, basing on the support of 1.2820;
 
- USD/JPY. On Monday, November 5, a meeting of the monetary policy committee of the Bank of Japan and a speech by the head of Bank Kuroda will take place. However, {1the market doesn't expect any surprises from either of these events. The bulls have a slight advantage (55% vs. 45%) among experts. The overwhelming majority of oscillators and trend indicators on both H4 and D1 are also colored green, although 10% of oscillators on D1 are already giving signals that the pair is overbought. The support levels are 112.55, 111.80 and 110.75, the resistance levels are 114.05 114.55;
 
- Cryptocurrencies. Despite the fact that the price of the bitcoin and of other top coins has been fluctuating in a fairly narrow range for a long time, it’s too early to say that this market has died. And although the total capitalization is still close to $200 billion, the daily trading volume remains quite impressive, about $4.2 billion. And the number of transactions (250 thousand per day) shows that traders are in no hurry to part with their digital assets.
Of course, there has been no influx of new large investors for a long time, but in the future, we can expect a growth of the quotes. It is expected that such large companies as ICE (the parent company of the NYSE) and Fidelity Investment will launch their trade crypto platforms by the end of the year, which will undoubtedly contribute to an increase in the investment flow. The specialists of such a respected bank as Morgan Stanley are rather optimistic about the future of the crypto market, they have published a relevant research.
In the meantime, on a relatively neutral news background, the forecast remains almost unchanged: the BTC/USD will continue to move in a narrow range of $6,200-6,660 with a predominance of the bearish sentiment. The next resistance is $6,780, the next support is around $6,100.


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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for November 12-16, 2018

First, a review of last week’s forecast:
 
- EUR/USD. Recall that, when giving the last week's forecast, 60% of experts had expected the euro to grow to the zone 1.1480-1.1525, and turned out to be 100% right: by Wednesday November 7, the pair had risen to the height of 1.1500.
The remaining 40% of analysts had suggested that the pair would still go down and re-test support for 1.1300 against the background of weak economic indicators of the Eurozone and problems with the Italian budget. This script has also been implemented. On Thursday, November 8, the euro began to decline after the report of the European Commission, which lowered its GDP forecast for 2019 from 2.0% to 1.9%. A further fall in the euro and a strengthening of the dollar was facilitated by a press release from the US Federal Reserve, which showed that the US currency was expecting another increase in the interest rate until the end of 2018.
As a result, the dollar has won back 175 points from the euro, groping for a local bottom at the level of 1.1325, followed by a slight rebound, and as a result, the pair froze at 1.1335;
 
- GBP/USD. The situation with the British pound was similar to the euro last week. Supported by graphical analysis and almost 90% of oscillators and trend indicators on H4, 40% of experts had voted for the continuation of the pair’s growth to 1.3100-1.3220, and on November 7, the pair reached the height of 1.3173. This was followed by a reversal, and, as the bears' supporters had proposed, the pair rushed down to reach the support at the level of 1.2955 on Friday, pushed by the US Federal Reserve comments. It met the end of the weekly session in the zone 1.2970;
 
- USD/JPY. The dollar strengthened towards the Japanese currency as well. However, the pair did not manage to overcome the key resistance level of 1.1400, and finally finished the week at 113.80, demonstrating a weekly gain of only 60 points;
 
- Cryptocurrencies. It turns out that the mid-term elections held in the US can be viewed not only as a struggle of Republicans and Democrats, but also as a fight between supporters and opponents of cryptocurrencies. And, judging by the comments, the blockchain supporters won in a number of states. The positive background is complemented by the information that the major American digital companies are actively and successfully creating lobbies to promote their interests in the Senate, Congress and the US government.
As for the negative news one can mention the appeal of the South Korean Bar Association to the government to regulate the crypto-market, as well as accusations from the US Securities Commission (SEC) against the founder of the EtherDelta cryptocurrency exchange Zachary Coburn in illegal activities.
As for the top virtual currencies, as we predicted, most of them reacted calmly to all these pieces of news. Thus, the bitcoin has not only stayed within the specified range of $6,200-6,660, but also narrowed its scope to $6,320-6,610. The altcoins, following the reference cryptocurrency, showed a moderate increase over the week: the Ethereum (ETH/USD) went up 4%, the Litecoin (LTH/USD) 0.5%, the Ripple (XRP/USD) - 8%. The most impressive dynamics was demonstrated by the BCH/USD: the Bitcoin Cash quotes rose from $425 to $570 from the beginning of the month to the evening of November 9, that is, by 34%.

 
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. According to 70% of experts, the Fed's statement will still have some time to influence the strengthening of the dollar. That is why they believe that the pair will not only be able to drop to the year's low of 1.1300, but, in case the economic statistics of the Eurozone are weak and there is positive news from the USA, it will break through this support and reach values in the area of 1.1200-1.1250. Both graphical analysis on H4, and the vast majority of oscillators as well as trend indicators agree with this forecast. However, about 20% of the oscillators on H4 already give signals the pair is oversold, which may be a precursor for a close correction.
30% of analysts also expect a trend reversal up. In their opinion, the dollar is now overvalued, and we can expect the pair to return to the zone 1.1435-1.1525.
This week one should, first of all, pay attention to the data on GDP in the Eurozone and on the inflation in the United States, which will be released on Wednesday, November 14 and Thursday, November 15, and on inflation in the Eurozone on Friday November 16;

 
- GBP/USD. Important macroeconomic data is expected next week from the UK. The data on the labor market will be made public on Tuesday, November 13, and the next day data on consumer price inflation will be published, which, according to forecasts, may increase by 0.1%. And the higher its performance, the more likely it is that the interest rate on the British pound will rise.
However, at the moment the majority of analysts (65%), along with graphical analysis on H4 and 90% of indicators, are pessimistic, predicting the “Briton” a further fall. The nearest target is 1.2850, the next one is 1.2810.
An alternative point of view is represented by 40% of experts and 10% of oscillators, signaling the pair is oversold. The targets for growth are 1.3150, 1.3175 and 1.3235. The nearest resistance is 1.3040;
 
- USD/JPY. The strong dollar has raised the pair to the horizon of 114.00. The expectations of a rise in interest rates by the Bank of Japan are almost close to zero, so 55% of experts, as well as about 60% of indicators on H4 and D1, support bullish sentiment, expecting the pair to continue to grow to resistance levels of 114.55 and 115.40.
At the same time, there is a divergence between the indications of a number of oscillators and the quotes of the pair. In addition, we must bear in mind that the height of 114.55 is the high of 2018, which can be a serious barrier to the further growth of the pair. Therefore, 45% of analysts , together with 40% of indicators and graphical analysis on H4, expect that the pair will be able to return to the support of 113.10 in the near future, and then to the level of 111.75. And as for the medium-term forecast, more than 60% of experts already side with the bears; 
 
- Cryptocurrencies. Quotes of these pairs are still largely determined by the news. But as mentioned above, cryptocurrencies have already developed a fairly strong immunity against the news. Therefore, we should not expect strong jumps in the bitcoin market value yet.
The actions of a number of regulators, such as the SEC, will deter the growth. The CoinDesk website has reported that the fines imposed on Zachary Coburn are only the first signs, further sanctions against a number of crypto exchanges may follow. The vice-premier of Thailand is also thinking of bringing order to the virtual market, as reported by the Bangkok Post.
On the other hand, no major players are interested in the collapse of the main cryptocurrency, and the lower limit of volatility is still determined by the mining profitability level. When it is reached, the active buying up of coins begins, and the quotes are going up.
Therefore, the forecast remains almost unchanged for the second month: the BTC/USD will continue to move in a narrow range of $6,200-6,660. The next resistance is $6,780, the next support is around $6,100.


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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for November 19-23, 2018

First, a review of last week’s forecast:
 
- EUR/USD. The basic forecast for this pair said that it would not only be able to fall to the year's low at the level of 1.1300 but would also probably break through this support and reach values in the area of 1.1200-1.1250. That was exactly what happened: the pair recorded the week's low on Monday, November 12, dropping to the level of 1.1215.
Then the market started to be ruled by Brexit. The news that the terms for the Great Britain exit of from the EU were finally agreed, pushed the European currency up, and by the end of Friday the pair had risen 200 points, ending the week session at 1.1415;
 
- GBP/USD. The British currency first began to grow on the positive news about Brexit, and even reached a height of 1.3070 on Wednesday. But then came the news of the resignation of a number of key ministers of the British government, who disagreed with the EU exit terms. The situation was aggravated by the rumors of a possible impeachment threatening the country's prime-minister, Teresa May. As a result, the pound sterling literally fell down in a matter of hours dropping to the level of 1.2722. Then the situation calmed down a bit, and the pair rose to the zone of 1.2830, showing a week's volatility of 350 points;
 
- USD/JPY. The divergence between the readings of the oscillators and the pair's quotes indicated the possibility of a downward trend. This scenario had also been supported by 45% of analysts, together with 40% of indicators and graphical analysis on H4. As a result, when there were only 35 points left to the 2018 high, the pair turned south, easily overcame the support at 113.10 and finished the five-day period at 112.82;
 
- Cryptocurrencies. What can one say? The market has collapsed. And it has done so to an extent that no one expected. Starting from Wednesday, it lost about 12% in capitalization, falling to $185 billion. We had called $6,100 as the lower limit of Bitcoin's fall last week. In reality, things turned out to be much worse: $5,430.
There is no unity among the experts when determining the cause of what had happened. The most popular version is the destabilizing effect of a hard fork (separation) of BCH (Bitcoin Cash) to two new coins, which frightened investors for further splitting the market. Although there is another version, no less viable, it is the massive triggering of stop losses when Bitcoin passed the $6,000-6,100 zone. Another reason is the sale off of US technology companies shares, which spread to the crypto market.
Ethereum (the ETH/USD pair) failed to break through the support of $170, followed by a rebound to the level of $185. Ripple (XRP/USD) briefly approached the horizon of 0.4140, and litecoin (LTH/USD) came close to 40.00, after which the market calmed down a bit, and these pairs played back about 8%.

 
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 pair reached the upper limit of the downward channel, which began almost two months ago, on September 24 this year. And despite the fact that both trend indicators and oscillators on D1 took a neutral position, about 70% of experts predict the pair to bounce from this border and to further go down. The nearest support is at 1.1300, the next one is 85 points lower, at the level of 2018 low, 1.1215.
An alternative scenario assumes the rise of the pair to the level 1.1450-1.1550. However, this is likely to be a temporary correction, after which the dollar will continue to grow and the pair will fall. The market is almost certain that in December the US Federal Reserve will raise the interest rate, after which there will be several more increases in 2019, which is a decisive factor for the further strengthening of the US currency;

 
- GBP/USD. The future of this pair depends on the situation with Brexit. And the forecasts for the British currency are not the most comforting, despite the fact that the pound managed to play back its losses a little at the end of last week. A meeting of EU leaders on an agreement with the UK will be convened on November 25. But it is obvious that this week the pound will continue to be under pressure due to disagreements in the British government and to an unclear reaction of the British Parliament to what is happening. Taking these factors into consideration, 70% of analysts expect the pair to fall. The nearest support is in the 1.2700 zone, the next one is the 2018 low. at the level of 1.2660.
As for the further movement of the pair, according to 55% of experts, it will move in the side channel in the range of 1.2660-1.3200 with Pivot Point in the area of 1.2950 until the end of the year;   
 
- USD/JPY. Concerning the future of this pair, the opinions of experts, as has often been the case lately, have split almost equally: 45% voted for the pair’s growth, 45% - for its fall, and 10% took a neutral position.
As for the indicators, the vast majority is colored red. However, almost 15% of the oscillators signal that the pair is oversold, which may indicate its upward correction.
As for the graphical analysis, it points to the growth to the level of 113.10 and the subsequent fall to the level of 111.85 on H4, and on D1 - a lateral movement in the channel 112.65-114.20;
 
- Cryptocurrencies. At the moment there are two versions of the forecast: a neutral one and ... a very bad one.
The neutral forecast is most likely, when the market takes time out, trying to comprehend what happened last week and what consequences this may have. In this case, the top pairs will fluctuate in the range between the lows of the previous week and the highs of Friday, November 16.
The worst (from the bulls' point of view) scenario assumes that Bitcoin will move to the level of $5,000, after the breakdown of which, most likely, massive panic sales will begin, not only of the reference cryptocurrency, but also of most altcoins. In this case, it is possible that after some time we will see the bitcoin quotes around the support of $3,000.


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.

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

https://nordfx.com/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for November 26-30, 2018

First, a review of last week’s forecast:
 
- EUR/USD. If you look at the chart of the pair, it is clear that by the evening of Friday, November 23, it returned to the values of Friday morning, November 16. That is, the result of the week is close to zero, and the victory for the most accurate forecast can be awarded to trend indicators and oscillators on D1, which had taken a neutral position.
As for the experts, a third of them had predicted the continuation of the pair’s correction up to the level of 1.1450-1.1550 (actual maximum of the week is 1.1470), with the subsequent return of the dollar to growth. This actually did happen, as a result, the pair ended the week at 1.1330;
 
- GBP/USD. The result of last week for this pair is similar to the result of EUR/USD, that is, close to zero. On Thursday, when it became known that the European Commission had approved the political declaration on Brexit, it seemed that the pound had a chance to reverse the negative situation. It soared 150 points to the height of 1.2925. But the joy of the British currency holders was short-lived, and the pair met the end of the five-day period in the 1.2810 zone;
 
- USD/JPY. Regarding the future of this pair, the opinions of experts had been divided almost equally: 45% had voted for the pair to fall, 45% had voted for its growth, and 10% had taken a neutral position. And they all turned out to be right: the pair was falling in the first half of the week, then it was growing, and it showed a zero result by the end of the session, returning to Pivot Point in the 112.90 zone. As for the support/resistance levels, graphical analysis was most accurate here: it marked the upper limit of the channel at 113.10 on H4 (the pair rose to 113.14), and a fall to 112.65 on D1 (the weekly minimum was fixed at 112.30);
 
- As for cryptocurrencies, there were two versions of the forecast, a neutral one and ... a very bad one. Naturally, the second one came true. Panic moods from the hard forks (division) of BCH (Bitcoin Cash) to two new coins continued to put pressure on the market. As a result, the bitcoin flew further down, reaching the values of September last year in the $4,210-4,250 zone, and pulled other cryptocurrencies with it: the TOP-5 index lost more than 500 points, or about 25% during the week.

 
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 most important event that can seriously affect the quotes of both the euro, and the British pound, will be the extraordinary Summit of European leaders on Brexit, which will be held November 25-26. In case its results are positive, the pair may return to November highs of 1.1470 and 1.1500. However, less than half of the experts agree with this scenario, 40%.
As for the remaining 60%, they continue to insist the dollar will strengthen. On Wednesday, November 28, the market is expecting data on the US GDP for the 3rd quarter, and if they turn out to be better than in the 2nd quarter, this will give the American currency a strong support. You should also pay attention to the minutes of the US Federal Reserve meeting on Thursday, November 29, although no special surprises are expected from it.
The targets for the bears are 1.1300 and the 2018 low of 1.1215, in the case of a breakdown of which the path to support 1.1120 is opened.
If we talk about indicators, about 15% of the oscillators on H4 indicate that the pair is oversold, which may portend a short-term correction;     
 
- GBP/USD. Almost 100% of the indicators are painted red. But future trends are not determined by them at all. The decisions of the EU Brexit Summit are, of course, very important for the pound. But it faces an even more serious test: the deal on the terms for the British exit from the European Union has yet to be approved by the British Parliament. And there are many chances that the parliamentarians will vote against the deal. In this case, a second vote will be required, which may be scheduled for February, and up to this point investors will be wary of the pound.
In the meantime, expert opinions are equally divided: half of them are for the growth of the pair, half are for its fall. The nearest support levels are 1.2720 1.2695, 1.2660, the resistance levels are 1.2885, 1.2925 and 1.3025;
 
- USD/JPY. The Japanese currency often goes counter-trend to its European counterparts: when the euro and the pound fall against the dollar, the yen rises. It is this perspective that is drawn by analysts for the next week. 55% of them, supported by 90% of oscillators and 70% of trend indicators, vote for the fall of the pair first to support 112.60, and then 30 points lower. It is possible that the pair will be able to successfully test the level of 112.00.   
The alternative scenario is supported by 45% of experts, graphical analysis on D1 and 10% of oscillators, signaling the pair is oversold. The targets of the bulls are zones 113.15-113.40 and 114.20-114.55.

 
- Cryptocurrencies. Most likely, the negative trend in the market will continue, and the bitcoin will try to break through the level of $4,000. The next target is 1,000 points lower. Another vulnerability was found in smart contracts based on ethereum, and the ETH/USD pair may fall to the most important psychological level of $100. The target for the litecoin (LTC/USD) is to consolidate below $30, and for the ripple (XRP/USD) - below $0.40.
As for the good news for crypto bulls, there is divergence between the quotes of Bitcoin and the readings of many oscillators, which indicates a possible upward correction. However, according to most experts, this correction will be short-term.


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/

[Stan NordFX]

NORD FX Offers Investments in Most Reliable and Profitable Shares of Major Global Brands

Starting from mid-November, NordFX clients enjoy another opportunity for portfolio investments in stocks of major global companies. The three investment funds, Pro-Industry Fund, Pro-Tech Fund and Pro-Expert Fund, include stocks with highest reliability and best prospects for growth.

The unique advantage of these funds is the low entrance threshold, which allows investors who have even small amounts to enjoy all the benefits of professional asset management.
 
Absolute transparency and freedom of funds disposal give the investor full control over what is going on. The client may deposit and withdraw funds at any time at his request, and the participation of managers allows you to receive the maximum possible profit from this investment. 
 
Pro-Industry Fund
- Investment amount from $1000
- Expected yield up to 27% per year
- Investment period: from 6 months to 1 year 
- This fund includes shares of such world industrial giants as Motorola, Nike, Ferrari, Boeing, Coca-Cola, HP INC, McDonald's, etc.
 
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- Investment amount from $3000
- Expected yield up to 40.9% per year
- Investment period: from 3 months to 1 year
This fund includes shares of high-tech leaders with best performance in the industry. These are companies such as Apple, Microsoft, Intel, Alibaba, Adobe Systems, Nvidia, etc.
 
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- Investment amount from $5000
- Expected yield up to 57% per year
- Investment period: from 3 months to 1 year
- Shares of major representatives of various industries, with greatest reliability and potential for growth are collected in this fund. These are shares of Amazon, Netflix, MasterCard, Visa, Google, Facebook, PayPal, etc.
 
In addition to investing in the funds mentioned above, at the request of the client, NordFX specialists can make an individual portfolio for the client or purchase shares of individual listed companies.
 
More information about the investment offers of NordFX can be found at https://nordfx.com/funds/ or by contacting the company's Support Service.

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018

First, a review of last week’s forecast:
 
- EUR/USD. The first good news that pushed the euro up, as expected, was the extraordinary Summit of European leaders on Brexit. Its positive results allowed the European currency to rise to the level of 1.1383 on Monday, November 26, after which the power over the market was seized by the dollar once again.
By Wednesday, the pair began to approach the 2018 low and fell to the level of 1.1255, but then the head of the Federal Reserve Jerome Powell, speaking at the New York Economic Club, suddenly declared that the interest rates on the dollar were only slightly below the neutral level!
Back in October, the same person had said that the rate was far enough from this level, and a month later, it was almost at the “zero” level, at which the economy neither accelerates nor slows down. Such a speech alerted the market a little, as a result of which the Euro-bulls were able to push the pair up again: this time to the height of 1.1400. But then not so much positive statistics on the Eurozone economy were published, and the pair went down again. As a result, the total of the week can be characterized by the short word “zero”: the pair completed it almost in the same place where it started;
 
- GBP/USD. The intra weekly trends of this pair are similar to those demonstrated by the EUR/USD pair. But the distrust in the pound, caused by the fears that the British Parliament may not approve the agreement on Brexit, played a role. As a result, the finish of the pair was slightly lower than the start level and, if at the beginning of the week the pound was at around 1.2810, it finished the week at the level of 1.2750;
 
- USD/JPY. Regarding the future of this pair, the opinions of experts were almost equally divided. A small margin (55%) was on the side of the bears, but when summing up the week it becomes obvious that the bulls won a victory, albeit a very small one. The pair was able to rise by about 60 points during the week, having frozen at around 113.50;
 
- Cryptocurrencies. The forecast for this market was negative, and it was 100% justified: over 80% of all coins, followed the bitcoin, having gone into a deep minus. The intrigue was only in how low the reference cryptocurrency would be able to fall together with other coins during that week.
Our forecast said that the BTC/USD pair was likely to break through the level of $4,000. And it indeed dropped to $3,660, returning to $4,000 on Friday. Ethereum (ETH/USD) was seen at the horizon $102.6. The litecoin (LTC/USD) fell to $24.2 at some exchanges, and the ripple (XRP/USD) below $0.33. 

 
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 you look at the graph, it is clear that in November the pair drew a “pennant” striving to consolidate around 1.1315-1.1350. As for its further movement, most experts (60%) and more than 90% of the indicators on H4 on D1 expect further strengthening of the dollar and new testing of the 2018 low, 1.1215.
In addition to the results of the G20 summit, the next statements of the Federal Reserve Head J. Powell on Wednesday, December 05 and Friday, December 7, as well as the publication of regular data on the US labor market at the very end of the week may affect the formation of trends. According to forecasts, NFP may fall by 15-20% compared to the previous value, which may somewhat weaken the US currency. And here it should be noted that in the monthly forecast, 60% of analysts are already siding with the bulls, waiting for the pair to return to the zone 1.1400-1.1500;

 
- GBP/USD. The pair is near the year lows zone at the moment, 1.2670-1.2695, and graphical analysis on H4, supported by more than 90% of trend indicators and oscillators, predicts their breakdown and a quick fall to the 1.2600-1.2620 zone.
But the experts' opinion is not at all as clear: it is only 55% who side with the bears. And 45% are confident that the pair will not be able to renew the lows, and it will go north towards the height of 1.2900;
 
- USD/JPY. Although we would like to give a clear forecast, there are no pronounced preferences among experts for the Japanese currency either: exactly half of them have voted for the pair's growth, and exactly half are for its fall. Everyone is waiting for the results of the G20, and here the forecasts are also quite ambiguous.
The indicators also behave accordingly, although most of them are colored green. As for the graphical analysis, it envisages first the growth of the pair to the level of 114.20-114.40, and then its fall, first to the support of 113.00, and then to 111.75.
In a situation of such uncertainty, it is always useful to refer to a longer-term forecast. And here, 65% of analysts, following the graphical analysis, expect the yen to strengthen and the pair to fall to 112.00;
 
- Cryptocurrencies. The situation with forecasts for cryptocurrencies is complicated by the fact that it is almost impossible to estimate their real value. They are so virtual that estimates can be differ tens, hundreds or even thousands of times. It is not particularly worth it to focus on the miners' costs either, as they do not do any useful work and do not produce any material values or benefits. They only spend their time, money and electricity.
Experts' forecasts look as follows at the moment: 60% expect the bitcoin to continue falling to $3,000, 30% hope that it will stay in the $4,000-4,500 range, and 10% of super optimists convince the rest that these are all the machinations of major players who, having bought cheap coins, will soon begin to push the market up.
However, optimism is quickly melting, if you listen to the words of the Nvidia founder and CEO Jensen Huan. The head of the largest manufacturer of processors for mining has admitted that they had misjudged the prospects of the crypto market, and now his company is betting on the GPU for computing using artificial intelligence and use in unmanned vehicles.


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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018

First, a review of last week’s forecast:
 
- EUR/USD. Our forecast for relatively weak labor market data turned out to be 100% correct. ADP and ISM in the service sector were not pleasing either, and one of the key indicators, NonFarm Payrolls, fell from 237K to 155K, that is, by as much as 35%.
The forecast regarding consolidation of the pair in the area of 1.1350 turned out to be correct as well: last week it switched to lateral movement in channel 1.1310-1.1415 with Pivot Point in the area 1.1350-1.1360.
The difference between the weekly high and low barely exceeded 100 points, although it seemed that there were quite a lot of important events during these days. These are the above-mentioned statistics on the US labor market, supplemented by a decrease in the country's GDP, and the OPEC meeting and Iran’s petroleum statement, and the arrest by the US law enforcement agencies of the financial director of Huawei Meng Wanzhou... But the pair reacted quite calmly to all this. The reason for this seems to be only one: the approach of Christmas, the time when the sharks of the market sum up their annual results and no longer want to make any sudden movements;
 
- GBP/USD. This pair also behaved quite calmly, although with a slightly higher volatility: the swing of oscillations was about 180 points. The expected fall to 1.2600-1.2620 did not take place, and the pair, barely reaching 1.2655, turned around and left for Pivot Point of the week, ending the five-day period at 1.2725;
 
- USD/JPY. Last week, expert opinions were equally divided: one half voted for the pair’s growth, the second one was for its fall. In this situation, we advised to move from weekly to longer-term forecast, and we were right. Here, the picture was already different: most analysts (65%), supported by graphical analysis, expected the yen to strengthen and the pair to decline to the 112.00 zone. This was what happened: having won back the losses of the previous two weeks, it reached the level of 112.20. The pair met the end of the trading session at the level of 112. 70, that is, in the same place where it was already trading in the middle of November;
 
- Cryptocurrencies. There’s really nothing to say: the graphs vividly confirm that the worst predictions are coming true. 60% of experts predicted a further drop in Bitcoin, and on Friday evening, it recorded another annual low at around $3,275, having lost another 16% in seven days. Following the “reference” (now in quotes) cryptocurrency, the altcoins fell further down. Ethereum (ETH/USD) fell by 24% during the week, Litecoin (LTC/USD) - by 26%, and Ripple (XRP / USD) - by 18%.
According to Ernst & Young, 86% of all coins are now trading significantly lower than the originally declared value, and the crypto market capitalization fell to $113 billion, having lost exactly 700 billion in 11 months (86%).

 
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. As has already been mentioned, it is time for the market to record annual profits. Or losses (it depends). However, the coming week is expected to see a number of macroeconomic data, which may still affect the change in quotations.
Thus, on Wednesday, December 12, there will be data on inflation in the United States, and the higher it turns out, the higher the likelihood of interest rate increases, the better the dollar will feel. In the meantime, judging by the futures, players and investors do not particularly expect that the Fed will raise rates in March next year.
On Thursday, December 13, a decision is expected on the interest rate in the Eurozone. Most likely, nothing will change, and the rate will remain at zero, so more attention should be paid to the subsequent press conference of the ECB President Mario Draghi.
On Friday, we expect statistics on retail sales in the United States. And, of course, the market will closely watch the reports from the theater of operations of the American-Chinese trade war throughout the whole week. Another aggravation in this conflict was caused by the arrest of Huawei's CFO, and everyone is waiting to see what President Trump does in this situation.
In the meantime, the overwhelming majority of experts and indicators have taken a neutral position. The bulls have a very small advantage, calling the area 1.1500-1.1550 as their target. Supports are at levels 1.1265 and 1.1215. The basic forecast almost repeats the scenario of the past week: the movement in channel 1.1310-1.1415;
 
- GBP/USD. Here, analysts' forecast is similar to what has been given for EUR/USD: the advantage of the bulls is only 5%. But almost 90% of trend indicators and 70% of oscillators are colored red. The formation of trends may be affected by the data on the UK GDP, which will be released on Monday December 10, and the data on average wages on Tuesday December 11. But of interest is the vote on Brexit in the British Parliament, which will take place at the same time, on Tuesday. Recall that, according to forecasts, the parliamentarians may not approve the Agreement on the terms for leaving the EU, and then a second vote will be scheduled for February 2019, which will play against the pound. The support levels are 1.2660, 1.2540 and 1.2500, the resistance levels are 1.2810, 1.2850, 1.29250;
 
- USD/JPY. On Monday, December 10, statistics on Japan’s GDP will be published and, strictly speaking, these are the only data from the country of the Rising Sun that may affect the pair’s quotes. Investors pay much more attention to the trade war between China and the United States and the use of the yen as a safe haven currency. That is why most experts (65%), with the support of trend indicators, vote for the strengthening of the Japanese currency and the reduction of the pair to at least 112.20 support. The next support is on horizon 111.75, then 110.85. As for the resistances, they are in the zones 113.20, 113.65 and 114.00.
Graphical analysis also indicates a fall of the pair. However, on H4 it assumes that at first it will rise to the height of 113.10, only then it will turn to the south.

 
- Cryptocurrencies. The states increasingly clamp the market which had initially been decentralized, in the grip of regulation, which creates an additional negative news background. This is what the crypto community is expecting soon:
In South Korea, a tax on income from operations with cryptocurrency is planned to be introduced; in Japan, in addition to the state registration of all ICOs, crypto exchanges will be obliged, upon request of the tax authorities, to disclose information on customer incomes; in Singapore, all ICO market participants must now obtain a license and take measures to combat money laundering; Switzerland is also planning a number of legislative amendments. And so on.
It is highly likely that, recognizing the benefits and possibilities of blockchain, many states intend to put an end to the current crypto freedom and begin to issue their own digital money (which Honduras and Iran have already taken up). But this is not a one-day deal.
In the meantime, analysts' opinions are distributed as follows: 65% expect a further fall to $2,500-3,000, 25% have voted for the side trend along the $3,000 horizon and 10%, as before, remain optimistic, expecting Bitcoin to return to the levels of $4,000-5,000 in the medium term.


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/

[Stan NordFX]

At Traders Fair-2018, NordFX Presents the Latest Developments for Working in Forex, Crypto and Stock Markets

At the end of November 2018, a specialized Forex exhibition organized by FinExpo was held in the largest city of Vietnam, Ho Chi Minh City. It gathered more than a thousand guests and participants. NordFX took part in this large-scale event, presenting at its booth a wide range of products for both traders and investors.

In addition to traditional services for trading on the Forex market, NordFX specialists presented the latest developments for professional exchange trading in cryptocurrencies and crypto indexes using the MetaTrader 4 and 5 platforms, as well as ample opportunities to invest in the company's specialized Investment Funds.
Three of these funds include shares of world industry leaders, including Amazon, Nike, Boeing, Coca-Cola, McDonald's, Apple, Microsoft, Intel, MasterCard, Visa, Google, Facebook and many others. In addition to highest reliability and growth prospects, these funds have a low entry threshold, which allows NordFX clients, having even small amounts, to take full advantage of portfolio investments and professional asset management.
 
In order to familiarize Vietnamese traders with the company's products in more detail, a seminar was held after the expo, where a lot of attention was paid to the RAMM – service, a unique trading signal copying platform that allows you to automatically control the level of acceptable risk.
 
In addition to these events, a number of meetings were held in Ho Chi Minh City with current and potential IB-partners of NordFX, whose participants were able to get acquainted with the benefits of a two-tier affiliate program, as well as discuss ways to further develop the company.

#nordfx #cryptocurrency #ramm #exchange #broker #funds

https://nordfx.com/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for December 17-21, 2018

First, a review of last week’s forecast:
 
- EUR/USD. If the basic forecast for the past week had assumed a lateral movement in channel 1.1310-1.1415, the meeting of the European Central Bank and the subsequent conference of the ECB President Mario Draghi were called as the basic event. The ECB made a long-promised decision on January 1, 2019 to complete the quantitative easing program, and Draghi demotivated investors with a statement of increased risks. Based on this, the forecasts of the region’s economic growth for 2018-19 were lowered, to which the euro responded with a fall, but still remained within the limits of the stated channel.
The key support 1.1300 was broken already on Friday, December 14, when the Bundesbank lowered its forecasts for Germany's GDP and inflation. The regulator now expects that the growth of the economy in the outgoing year will not be 2.0%, as previously assumed, but only 1.5%. As for the 2019, the forecast here was lowered from 1.9% to 1.6%. The gloomy business performance indicators finally disappointed the market, and the pair went down sharply, reaching the local bottom at 1.1270. After that, a small rebound followed, returning it to the level of 1.1300, which turned from support to resistance;
 
- GBP/USD. Pound is still ruled by Brexit. As expected, the vote in the British Parliament on the terms of a divorce from the EU didn't have a result. It was just canceled. As a result, by Wednesday, December 12, the pair dropped to the level of 1.2474, having lost 285 points compared to the beginning of the week. As for the end of the five-day week, it found itself near the mark of 1.25 85;
 
- USD/JPY. Last week, 45% of experts voted for the pair's growth, and 113.20, 113.65 and 114.00 were indicated as resistance levels. The truth, as often happens, was in the middle, and the weekly high was noted at the height of 113.70. The final chord of the week sounded at the level of 113.35;
 
- Cryptocurrencies. The news background in recent days has been quite blurred, and positive news alternated with negative news. Among the events that are encouraging are the possible release of the Japanese crypto exchange Coincheck to the US market, the record for Bitcoin analogue ETF demand in Switzerland, and the news that the embedded Ethereum wallet will appear in the Opera browser. A balance to these was the news that for the first time in history, the Securities and Exchange Commission (SEC) of the United States fined the cryptocurrency bank AriseBank because of fraud allegations. The bulls were also frustrated by the news that due to the unfavorable situation in the cryptocurrency market, the mining giant Bitmain is closing its unit in Israel.
Against such a background, Bitcoin was growing and falling, and as a result, on the evening of Friday, December 14, it turned out to be where it had been a week ago, and even updated the low of the entire 2018, falling to the level of $3.225.
As for the basic altcoins, such as Ethereum (ETH / USD), Litecoin (LTC / USD) and Ripple (XRP / USD), they obediently repeated the movements of the reference cryptocurrency all week.

 
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 color here is red. It is almost an unprecedented case: 100% of the oscillators and 100% of the indicators on H4 and D1 are painted exactly in this color. 70% of experts also vote for the growth of the dollar and the fall of the pair. The reason for this is interest rates.
The likelihood that the Fed will announce a rate increase from 2.25% to 2.5% on Wednesday December 19 is over 75%. In addition, the market is confidently expecting one or two more increases next year. As for the growth of the euro rates, there is a complete uncertainty here. Draghi promised to keep the rate at zero level until the summer of 2019. But this summer rise is a big question. So, most investors are now looking south, to the zone of the year low, which was recorded on November 12, 1.1215. That it is the main goal for the pair. The nearest support is 1.1265;
The alternative scenario is supported by 30% of analysts and graphical analysis on D1. In the event the developments are according to their scenario, the pair will once again rise above the strong support/resistance level of 1.1300 and can even reach Pivot Point of the three-week side channel of 1.1360. The following targets are 1.1400 and 1.1440;

- GBP/USD. The British currency is facing a lot of events next week. On Wednesday, December 19, a block of inflation data will be published. And even if the inflation grows, the market may consider that such an increase is due to the weakening of the pound because of Brexit. The next day, the Bank of England will announce the interest rate decision, which is likely to remain unchanged, which will also play against the pound. Data on the GDP growth rates on Friday is unlikely to seriously affect the overall dynamics of the British currency. And they are negative.
50% of experts and about 90% of indicators agree with this. According to their forecast, the pair may decline first to the horizon of 1.2475, and then another 75 points lower.
20% of analysts have taken a neutral position, and the remaining 30% have voted for the pair's growth to the zone of 1.2670-1.2700;
 
- USD/JPY. Regarding the future of this pair, the indicators do not give any clear guidelines: their readings are divided almost equally. The same applies to the expert opinions: 45% of them are for the fall of the pair, 50% are for the continuation of growth and 5% just shake their shoulders. Such uncertainty becomes clear if you look at the pair's chart, which is now located approximately in the middle of the six-week side channel 112.30-114.00.
The meeting of the Bank of Japan is unlikely to affect the quotes of the pair, and the only event that could seriously move it up is the already mentioned decision of the US Federal Reserve on the interest rate. In this case, according to many analysts, the pair can break through the upper boundary of the channel and reach the zone of 114.55-114.75.
The graphical analysis on D1 has taken a sharply opposite position, which predicts the pair to fall to support 112.20 and then to the level 111.75;
 
- cryptocurrency. 60% of experts expect Bitcoin to continue the downtrend to the strong zone, fixed in July-August 2018, $2,500-2,700. The nearest support is in the $2,940-2.050 zone. In addition to the overall negative dynamics, the experience of the past year also plays in favor of bears, when at the end of December many wallet owners wanted to transfer their crypto savings to fiat currencies.
On the other hand, when analyzing the futures, one can see a slight increase (about 10%) of bullish positions, which gives grounds for 20% of analysts to talk about the pair going to the side trend, and another 20% to be filled with optimism in anticipation of the trend reversal and the rise of the pair to 4,500.


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/

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for December 24-28, 2018

First, a review of last week’s forecast:
 
- EUR/USD. Despite the fact that, on the eve of the US Federal Reserve interest rate increase, 70% of experts, supported by 100% indicators, expected the dollar to strengthen, nothing of the kind happened. The euro was growing for the whole week, approaching on Thursday the last eight weeks' high at the height of 1.1485.
At the time the rate increase from 2.25% to 2.5% was announced, the dollar managed to win back a modest 85 points, but this victory turned out to be temporary. At his press conference, Fed Chairman Jerome Powell said that there would hardly be three rates increases in 2019, and that, in a better case, there would be only two. And according to US Secretary of the Treasury Stephen Mnuchin, if inflation remains low, there may be no rate increases next year. But no one expects unity within the team of President Trump and the Fed, or within the Fed either. In 2019, only two FOMC members see the rate at 2.5%, six at 2.75%, four at 3.25%, three at 3.30%, and two members of the Open Market Operations Committee would like it to be 3.6%!
As for the results of the week, after the release on Friday, December 21, of a whole package of data on the US economy, the pair returned to the central zone of the eight-month side channel and stopped at 1.1370; 
 
- GBP/USD. As expected, neither the economic data published on Wednesday nor the decisions of the Bank of England on Thursday presented any surprises. Back on Tuesday, December 18, the pair moved to lateral movement in channel 1.2605-1.2705, where it remained until the end of the week, having met its finish at 1.2630;
 
- USD/JPY. Last week, the US dollar dropped significantly, not only against the euro. The DXY U.S. Dollar Index, which tracks the US currency against a basket of other major currencies, fell on Thursday to an eight-week low of 95.73. Its fall against the Japanese yen was particularly impressive, the yen won around 260 points against the dollar by Thursday. Experts say that the main reasons for such a jump are sales on the stock markets and the flight of investors to the yen as a safe haven in the face of continuing tensions in trade relations between the United States and China.
 
- Cryptocurrencies. The past week was marked by a steady growth of both the reference cryptocurrency and all major altcoins. The maximum growth of bitcoin (BTC/USD) was 33%, ethereum (ETH/USD) - 46%, litecoin (LTC/USD) - 45%, ripple (XRP/USD) - 41%. The most impressive increase, by 176%, was demonstrated by the Bitcoin Cash (BCH/USD), reaching $220 per coin at the peak. The total capitalization of the crypto market grew from $103 billion to $134 billion, that is, by 30%.
The reasons are both global, such as falling investors' interest in classic assets on world markets, and private ones, such as news on the closing of the short position, which was opened a year ago by a well-known crypto trader Mark Doe. There may be called a lot of reasons, but the main question that worries the whole crypto community is whether this weekly increase is not a short-term correction. Or is it, which is even worse, another trap, arranged by bears for the bulls?
Whatever it may be, but at the end of the week, Bitcoin buyers met strong resistance at $4,300, resulting in this cryptocurrency's fall to $4,000. And other digital assets slipped a little as well, following it.

 
As for the forecasts, it should be noted an error is quite often not in defining targets, but in determining the timing of their achievement. This is especially true of the coming days. The past week was the last full trading week in the past year. Next week, trading will begin only on Wednesday, December 26, and the world will celebrate the New Year during the night of Monday, December 31, to Tuesday, January 1. That is why this time we decided to discuss experts' opinions not only for the upcoming week, but also for the next month, which we hope will help traders in more accurate determination of trends and benchmarks.
 
- EUR/USD. The weekly forecast looks like this: 40% are for the fall of the pair, 30% are for its growth and 30% have taken a neutral position. Forecast for January: 60% are for the fall, 20% are for the lateral trend and only 20% are for the strengthening of the European currency. The main targets for bears are 1.1300, 1.1265, then the December low at 1.1215. In the event of a breakthrough of this support, the pair may sink to the horizon of 1.1120 and even lower, down to the level of 1.0910. The main target for the bulls is the zone 1.1525-1.1625, after reaching which the euro will head for the heights of 1.1730 and 1.1815;
 
- GBP/USD. Here, experts also expect the dollar to strengthen during the month and, as a result, the pair will fall. For this, 60% have voted. Supports are 1.2605, 1.2525, 1.2475 and 1.2345. Resistances are at 1.2725, 1.2840 1.2925 and 1.3050;

- USD/JPY. According to 55% of analysts (weekly forecast) and 65% (monthly forecast), the pair has already approached its local bottom, and now it is waiting for a rebound upwards. The goals are 112.30, 113.15, 113.70 and 114.20. The number of those who have voted for the side trend in this case is small - about 10%. The rest of the experts have given their preference to the bears, believing that the pair is waiting for a further fall. Supports 110.80, 109.85, 109.35 and 108.65;
 
- Cryptocurrencies. Despite their growth last week, the general mood in the crypto market is rather gloomy. More than 70% of analysts and market participants believe the current rise is purely speculative and they expect the downtrend to resume. They are still expecting bitcoin to fall to the strong zone, recorded in July-August 2018, $2,500-2,700. Moreover, such a fall may take from one to two months. The nearest support is in the $2,940-2.050 zone.
The bullish ambitions of the remaining 30% respondents look a bit more modest: they expect the BTC/USD pair to grow only to $4,800-5,200.


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/

[Stan NordFX]

2018 Financial Results and 2019 Forex Forecast

What Happened: Year 2018
 
As usual, Deutsche Bank experts summed up the year at the end of December. And the results were just fantastic, with a negative connotation. 93% of all assets fell in comparison with January 2018, and this figure was the worst in the last 118 years, surpassing even 1920 with its 84%.
Experts say that the main reason for the recession was “extremely soft monetary policy,” which grew into a monetary tightening. Four US interest rate increases by the US Federal Reserve were enough to send most of the markets to a nose dove, which can turn into a prolonged recession. US President Donald Trump openly called Fed Chairman Jerome Powell and his colleagues insane, calling for an end to the rate hike. But, as it turned out, the President could not decree bankers, and on December 19, the Federal Open Market Committee (FOMC) raised the rate by another 0.25%. Moreover, it turned out that in 2019 only two members of this Committee see a rate of 2.5%, six see it at 2.75%, four at 3.25%, three at 3.30%, and two FOMC members would like it to be 3.6%!
The result is obvious: at the end of the year, everything that could fall, was falling on the market. The Dow Jones Industrial Average had the worst December since the Great Depression of the 1930s.  As Bloomberg calculated, the collapse made 500 world richest people poorer by $ 511 billion, and Facebook founder Zuckerberg suffered the most, his fortune lost $23 billion.
 
As for the foreign exchange market, the beginning of 2018 was marked by a serious strengthening of the euro against the US dollar. At the peak, on February 16, the EUR/USD pair reached 1.2555. But then the difference in the monetary policy of the Fed and the ECB, the difficulties with the Brexit agreement, the Italian problems and the slowdown in the Eurozone economy as a whole, played into the dollar, and the pair went down, reaching the bottom at 1.1215 in mid-November.
 
GBP/USD experienced similar fluctuations. It reached the maximum value of 1.4375 on April 17, and the minimum was recorded on December 12, when the pair fell to 1.2475, losing 1,900 points in eight months.
 
As for the Japanese yen, investors viewed it mainly as a safe haven in case of acceleration of trade wars between the USA and China. However, since no special changes were observed on this front, the USD/JPY pair met the end of the year near the Pivot Point of the last two years in the 111.00 zone. Thus, compared to the beginning of 2018. the pair lost only about 200 points.

 
What will Happen: Year 2019
 
According to a number of analysts, everything that happened in the outgoing year is only the beginning of a common prolonged depression. First of all, the forecast concerns the United States, where the yield on two-year Treasury bonds has already decreased, and the yield on similar ten-year securities has fallen to a seven-month low, which is considered a sign of recession.
The situation in the Eurozone looks somewhat better, despite the fact that the ECB has revised its forecasts for inflation and economic growth downward. The past year has shown that the trade wars unleashed by Trump are not so terrible for the Old World as was previously assumed. However, both the European currency and the British pound continue to be influenced by the problems associated with Brexit.
On the other hand, the end of the 90-day truce between the United States and China will soon come up, which introduces additional uncertainty about the dollar exchange rate.
In the meantime, the forecasts given by strategists from leading world banks and agencies, for the most part, look quite similar.
 
Blomberg bases its forecast on the positive dynamics of European exports, improved situation in the German automotive industry and accelerated growth of average wages. All this may lead to the normalization of the monetary policy of the Eurozone and the growth of the euro to the level of $1.20 by the end of the year.

Morgan Stanley also expects the year 2019 to be difficult for the dollar and recommends its sale against the euro amid the forecast for inflation in the Eurozone. The immediate target for the EUR/USD pair is in the $1.18 zone.
 
It should be noted that, for the most part, analysts make very optimistic forecasts for the euro for the next 3-month period. Societe Generale and CIBC Capital Markets point out at the level $1.17, TD Securities forecast is at $1.18, Unicredit at $1.19, and finally, Lloyds Bank has set a record bar of $1.24.
 
However, there are more cautious views. Thus, Citi experts believe that the European currency has not yet reached its bottom, and by the end of the I quarter of 2019. it may drop to $1.13, and only then it will go up, reaching the mark at $1.18 in the second half of the year. The Barclays Capital expect a fall to $1.12 by March 31, and for ING Group forecasts, the bottom may be at the level of $1.11.
 
JPMorgan Chase analysts also believe that the US economy will experience a recession in 2019, as Trump's fiscal stimulus will run out, and the Fed’s monetary policy will no longer provide cheap money. Thus, the growth rate of the Eurozone economy will come out ahead, and the euro will start to grow on expectations of higher interest rates from the ECB, but this will happen only in the second half of 2019.
In numbers, the forecast looks like this: falling to $1.11 in the first quarter and rising to $1.18 by the end of the fourth quarter of 2019.
 
As for the GBP/USD, the JPMorgan Chase forecast assumes the growth of the British currency to $1.30 in the first quarter and to $1.37 by the end of the year, provided that Brexit is quiet (40% probability). In the absence of an Agreement on the terms of leaving the EU, the pound sterling will fall by 10%, and in the case of Brexit cancellation, on the contrary, it will grow by 10%.
 
Concerning the future, the yen forecast is negative. So, the pair JPY/USD in the first half of 2019. expects growth first to the level of 112 yen per dollar, and then to the values of 2016. at 118.00. Experts explain the possible weakening of the Japanese currency by an increase in foreign investment by Japanese companies and a worsening trade balance. Spreads are also expected to increase on the rates, which will adversely affect the yen rate.
 
Similar trends are predicted by Citi strategists. In their opinion, the GBP/USD is expected to grow to 1.26-1.30, and JPY/USD - to 113.00-115.00.


John Gordon, 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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[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019

For starter, a few words about the events of the past week, the first working day of which gave unpleasant surprises, which for some were quite pleasant.
 
- Not having recovered after the New Year celebration, in the morning of January 2, the pair EUR/USD made a sharp dash to the south, losing almost 200 points in a day. Then, however, everything returned to normal, and the pair quickly returned to Pivot Point 1.1400, around which it has been revolving since October 2018. On Friday, January 5, using positive data from the US labor market, the dollar tried to regain the lost ground, but the attempt failed, and the pair ended the week at 1.1394.
 
- An even sharper jump from 2018 to 2019 was expecting the GBP/USD, which lost on January 2, due to increased demand for the dollar, more than 400 points. Then, just as in the case of the European currency, the excitement subsided, and the pair returned to the main support/resistance line of the last two months in the 1.2720 area;
 
- The forecast for the pair USD/JPY suggested the strengthening of the yen as a safe haven currency. But the fact that within only one hour on January 2 it would be able to win back 400 points from the dollar, that is, almost everything it had lost during the whole 2018, was almost impossible to foresee. The cause of the incident was a "festive" lack of liquidity in Japan, which was then eliminated. But the dollar could not fully recover, and the pair ended the trading week at 108.50;
 
- Cryptocurrencies. Against the background of the major currency pairs Bitcoin demonstrated a remarkable stability last week, keeping on to lateral movement in a narrow corridor of $3,775-4,100 and returned where it has repeatedly been in the last six weeks by Friday evening, to the level of $3,955. Following the example of the reference cryptocurrency, the Olympic calmness was shown by Litecoin (LTC/USD). But Ethereum and Ripple behaved somewhat more actively. Thus, the ETH/USD pair has grown by 12%, rising above the $160 mark, and the XRP/USD pair, on the contrary, lost 7%, although it could not break through the support of $0.3560.

 
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 trend indicators and oscillators on H4 and D1 have taken a neutral position. The opinions of the experts are divided as follows: 20% have voted for the growth of the pair, 40% are for the sideways trend and 40% are for the strengthening of the dollar and the fall of the pair.
It should be noted that in the transition from the weekly to monthly forecast, the number of supporters of strengthening the US currency rises to 65%. Graphical analysis on D1 also indicates a possible decrease of the pair to December lows in the 1.1215 zone. The nearest strong support area is 1.1305.
As for the “bullish” scenario, according to its supporters, the dollar will continue to be pressured by political uncertainty in the United States. The nearest strong resistance zone is 1.1485-1.1500, in case of its breakthrough, the next target for the bulls will be consolidation in the zone 1.1550-1.1625.
Among the economic events that could affect the formation of dollar pairs, one should pay attention to the US FOMC protocol, which will be published on Wednesday evening, January 9, the ECB meeting on Thursday, January 10, as well as data on inflation in the United States, which will be released at the very end of the week, on Friday, January 11;
 
- GBP/USD. Here, of particular interest are the speech of the head of the Bank of England, Mark Kearney on January 9, as well as data on UK GDP, published on January 11. However, in both cases, one should not expect any special surprises, and the uncertainty associated with the British exit from the EU will continue to be decisive for the British pound exchange rate. That is why 65% of experts predict a further fall of the pound. According to them, with the support of graphical analysis on D1, the pair will first test support 1.2615 once again and, if successful, will move to the zone 1.2475-1.2525. It is unlikely to achieve the low of the first week of January in the 1.2400 zone in the upcoming week.
20% of analysts are in favor of the GBP/USD sideways trend, and only 15% have sided with the bulls, suggesting movement of the pair in the corridor 1.2715-1.2835. The next resistance is 1.2925.
At the time of writing the forecast, about 90% of indicators sided with the bulls. However, most likely, this is only a consequence of the upward movement of the pair on January 3-5. Moreover, 10% of the oscillators have already signaled that it is overbought, which indicates a possible reversal of the pair to the south.

- USD/JPY. About half of the indicators are red and half are green. As for the opinions of analysts, 70% of them predict a decline of the pair to the level of 107.00, and then another 100 points lower. So far, only 30% of experts have voted for the growth of the pair, but in the medium term, the number of supporters of strengthening the dollar doubles. The main goal for the bulls is to return to the zone 112.25-113.80. The nearest resistance levels are 109.45, 110.25 and 111.15;
 
- Cryptocurrencies. The behavior of BTC/USD does not give reasons for optimism or pessimism. Therefore, the experts' opinions are divided almost equally: 30% are for the growth of Bitcoin, 30% are for its fall and 40% are for the continuation of the sideways trend. At the same time, the total capitalization of the crypto market is at the level of the end of December last year, around $130 billion, which also does not allow for making any predictions. Although some experts, based on the cyclical nature of the growth and the fall of quotations, argue that the first quarter of 2019 will be on the side of buyers, and expect the pair to rise to $4,800-5,200. The alternative scenario: the end of the correction and the fall of BTC/USD to the strong zone, recorded as early as July-August 2018: $2,500-2,700. Moreover, such a fall may take from one to two months. The nearest support is in the $2,940-3.050 zone.


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/

[Stan NordFX]

In Recognition of a Successful 2018, NordFX Receives Three More Prestigious Awards

The results of the annual voting were published on the website of the International Association of Forex Traders IAFT Awards at the very beginning of the new year 2019. The voting was held for the seventh time, and according to its results a list of the most popular financial market companies in 2018 was formed. More than 200 companies struggled to win, and only 23 of them received the highest award: a victory in a nomination and a title of market leader. Among them is the brokerage company NordFX, which has won in the nomination “Best Broker in Asia” with a large difference.

Two more good pieces of news have been brought by the Market Leader magazine, which has published the results of the Expert Council of the MasterForex-V Academy voting. The administration and professional traders of the Academy evaluate the real results of financial organizations throughout the year, and at the end of the year they sum up the final results. According to the chairman of the contest jury, the rating of MasterForex-V Expo, which is compiled on the basis of two dozen criteria, is an Expo during which the best brokers are objectively presented. And thus in 2018, for the fourth year in a row, NordFX receives the Grand Prix and the title “World Best Broker”.   

The company scored most votes on a variety of criteria, including the best dealing quality, the best innovations, the best investment products and funds, and a number of other equally important parameters. Suffice it to say that about 55% of the Academy's traders have opened their trading accounts in NordFX.

The company has received another award from MasterForex-V Expo in the nomination “Best Crypto Broker 2018” for creating unique trading conditions that enable traders to achieve best results when trading in the cryptocurrency market.

We sincerely thank everyone who has given us their votes, and we understand that these awards are not only a proof of the company's success in the past, but also oblige us to make every possible effort to justify your trust in the present and in the future.

#nordfx #cryptocurrency #forex #exchange #broker #funds

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