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Forex Forecast for 21-25 September 2015

 

First, a review of the previous week:

- there were two possible scenarios for EUR/USD – either a rise to resistance around 1.1450 and a downward bounce or just a fall. In fact, both options played out – at the beginning of the week, the pair started to fall, then it went up to the 1.1450 resistance and, after a rebound, crashed to last Monday’s starting point;

- GBP/USD accurately followed the prediction during the first half of the week – having knocked on resistance around 1.5480, the pair rolled down to its support at 1.5335 and shot upwards. However, on the news from Europe, the rebound was so powerful that the pair finally broke through the resistance at 1.5480-1.5500, turning it into support and reaching the area it had been in for the second half of the summer;

- as predicted, USD/JPY continued its sideways trend it had entered at the end of August and narrowed both its lower and upper oscillation boundaries by 40 points;

- USD/CHF didn’t meet the experts’ expectation of a rise and actually spent the week in a sideways movement. Although, on Thursday, following the Federal Reserve’s announcements, the pair did drop but resumed its normal course already on Friday.

 

Forecast for the upcoming week.

Generalizing the opinions of analysts from world leading banks and broker companies as well as forecasts based on a large variety of methods of technical and graphical analysis, the following can be proposed:

- a two-week ascending channel is clearly visible on H4 for EUR/USD. The pair ended up at its bottom boundary 1.1300 last Friday. Rather strong support is located nearby at 1.1280. For this reason, almost all experts and indicators agree that the pair will be approaching the channel’s upper boundary of 1.1450 in the next few days. Further, opinions diverge – 57% of the analysts, the indicators on D1 and graphical analysis on H1 suggest that the pair will continue its upward movement to a 1.1500-1.1550 area while the rest 43% of the analysts, graphical analysis and the indicators on H4 predict that the pair will transition into a sideways trend with a 1.1360 Pivot Point;

- most of what’s been written above for EUR/USD can be applied to GBP/USD which is now at the bottom boundary of an ascending corridor and close to strong support at 1.5500. The pair should rebound off this level to the upper boundary at 1.5700. After that, the pair will either break it and hike 100 more points up or transition into a sideways trend;

- both experts and indicators forecast that USD/JPY will continue its sideways trend with prevailing bearish tendencies. The Pivot Point will be at 119.80, the first support – at 119.00 and the next support level – at 118.45. Resistance will be at 121.00 and 121.50;

- the majority of the analysts and the indicators agree that USD/CHF will spend this week in a 0.9550-0.9675 corridor where the pair was end of August - beginning of September. Only 18% of the analysts believe that the pair will go up to a 0.9675-0.9775 range.

 

Roman Butko, NordFX

A good place to start from is where you are.

Murphy's Law

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Forex Forecast for 21-25 September 2015

 

First, a review of the previous week :

  • there were two possible scenarios for EUR/USD – either a rise to resistance around 1.1450 and a downward bounce or just a fall. In fact, both options played out – at the beginning of the week, the pair started to fall, then it went up to the 1.1450 resistance and, after a rebound, crashed to last Monday’s starting point;
  • GBP/USD accurately followed the prediction during the first half of the week – having knocked on resistance around 1.5480, the pair rolled down to its support at 1.5335 and shot upwards. However, on the news from Europe, the rebound was so powerful that the pair finally broke through the resistance at 1.5480-1.5500, turning it into support and reaching the area it had been in for the second half of the summer;
  • as predicted, USD/JPY continued its sideways trend it had entered at the end of August and narrowed both its lower and upper oscillation boundaries by 40 points;
  • USD/CHF didn’t meet the experts’ expectation of a rise and actually spent the week in a sideways movement. Although, on Thursday, following the Federal Reserve’s announcements, the pair did drop but resumed its normal course already on Friday.

 

Forecast for the upcoming week.

Generalizing the opinions of analysts from world leading banks and broker companies as well as forecasts based on a large variety of methods of technical and graphical analysis, the following can be proposed :

  • a two-week ascending channel is clearly visible on H4 for EUR/USD. The pair ended up at its bottom boundary 1.1300 last Friday. Rather strong support is located nearby at 1.1280. For this reason, almost all experts and indicators agree that the pair will be approaching the channel’s upper boundary of 1.1450 in the next few days. Further, opinions diverge – 57% of the analysts, the indicators on D1 and graphical analysis on H1 suggest that the pair will continue its upward movement to a 1.1500-1.1550 area while the rest 43% of the analysts, graphical analysis and the indicators on H4 predict that the pair will transition into a sideways trend with a 1.1360 Pivot Point;
  • most of what’s been written above for EUR/USD can be applied to GBP/USD which is now at the bottom boundary of an ascending corridor and close to strong support at 1.5500. The pair should rebound off this level to the upper boundary at 1.5700. After that, the pair will either break it and hike 100 more points up or transition into a sideways trend;
  • both experts and indicators forecast that USD/JPY will continue its sideways trend with prevailing bearish tendencies. The Pivot Point will be at 119.80, the first support – at 119.00 and the next support level – at 118.45. Resistance will be at 121.00 and 121.50;
  • the majority of the analysts and the indicators agree that USD/CHF will spend this week in a 0.9550-0.9675 corridor where the pair was end of August - beginning of September. Only 18% of the analysts believe that the pair will go up to a 0.9675-0.9775 range.

 

 

Roman Butko, NordFX

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Forex Forecast for 28 September - 2 October 2015

 

Let’s review last week’s forecast:

- the EUR/USD pair entered a sideways trend after breaking through support around 1.1280 and turning it into resistance;

- contrary to all the predictions, the GBP/USD pair went down sharply, returning to the lows of the beginning of June and the beginning of September. Therefore, if there even was a sideways trend, it was in a very large range of 1.5175-1.5815;

- the forecast for USD/JPY was fulfilled 100%. The pair spent the whole week in a sideways trend in the precisely set boundaries of 119.00-121.00;

- the USD/CHF pair was also predicted a sideways trend by 82% of the analysts but experience has it that the opinion of the majority isn’t always correct. So, this time it’s 18% of the analysts who were right insisting that the pair would move up and transition to 0.9675-0.9775. The pair tried to break even higher but finished the week near the upper boundary of the indicated range.

 

Forecast for the coming week.

Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, the following can be said:

- regarding EUR/USD, 72% of the experts and indicators on D1 predict a fall to 1.1000. Alternatively, 28% of the analysts and indicators on H4 insist that the pair will return to resistance at 1.1450. As for graphical analysis, in the short term, it predicts a fall to support at 1.1120 followed by a return to resistance at 1.1210;

- all the indicators point to a downward movement for GBP/USD. The analysts differ – only 20% of them agree with the indicators and believe that the fall will continue to at least 1.5000 while 80% of the analysts are certain that the pair has already reached its low and should now rebound towards resistance at 1.5340. Graphical analysis also shows that GBP/USD will remain in a sideways trend for some time, fluctuating between 1.5150 and 1.5340;

- most experts and indicators on H4 predict that USD/JPY will move upwards to 123.00. In this case, support will be at 121.30. However, according to 12% of the analysts and indicators on D1, the pair will lean on support at 119.00 and continue its four-week sideways trend. The next support in this case will be 118.50;

- the majority of both analysts (63%) and indicators believe that USD/CHF has resumed its movement to the 1.0000 landmark. Graphical analysis on D1 agrees with this and specifies that fluctuations will be in a 0.9670-1.0100 range. An alternative view is that the pair will take a breather and stay in a sideways trend within a 0.9740-0.9840 range.

 

Roman Butko, NordFX

A good place to start from is where you are.

Murphy's Law

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Forex Forecast for 28 September - 2 October 2015

 

Let’s review last week’s forecast :

  • the EUR/USD pair entered a sideways trend after breaking through support around 1.1280 and turning it into resistance;
  • contrary to all the predictions, the GBP/USD pair went down sharply, returning to the lows of the beginning of June and the beginning of September. Therefore, if there even was a sideways trend, it was in a very large range of 1.5175-1.5815;
  • the forecast for USD/JPY was fulfilled 100%. The pair spent the whole week in a sideways trend in the precisely set boundaries of 119.00-121.00;
  • the USD/CHF pair was also predicted a sideways trend by 82% of the analysts but experience has it that the opinion of the majority isn’t always correct. So, this time it’s 18% of the analysts who were right insisting that the pair would move up and transition to 0.9675-0.9775. The pair tried to break even higher but finished the week near the upper boundary of the indicated range.

 

Forecast for the coming week.

Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on most different methods of technical and graphical analysis, the following can be said :

  • regarding EUR/USD, 72% of the experts and indicators on D1 predict a fall to 1.1000. Alternatively, 28% of the analysts and indicators on H4 insist that the pair will return to resistance at 1.1450. As for graphical analysis, in the short term, it predicts a fall to support at 1.1120 followed by a return to resistance at 1.1210;
  • all the indicators point to a downward movement for GBP/USD. The analysts differ – only 20% of them agree with the indicators and believe that the fall will continue to at least 1.5000 while 80% of the analysts are certain that the pair has already reached its low and should now rebound towards resistance at 1.5340. Graphical analysis also shows that GBP/USD will remain in a sideways trend for some time, fluctuating between 1.5150 and 1.5340;
  • most experts and indicators on H4 predict that USD/JPY will move upwards to 123.00. In this case, support will be at 121.30. However, according to 12% of the analysts and indicators on D1, the pair will lean on support at 119.00 and continue its four-week sideways trend. The next support in this case will be 118.50;
  • the majority of both analysts (63%) and indicators believe that USD/CHF has resumed its movement to the 1.0000 landmark. Graphical analysis on D1 agrees with this and specifies that fluctuations will be in a 0.9670-1.0100 range. An alternative view is that the pair will take a breather and stay in a sideways trend within a 0.9740-0.9840 range.

 

 

Roman Butko, NordFX

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** You must verify your account (upload scanned ID/passport and make sure your name and address in accordance with that which you are registered). Fill out the form in accordance with the directions on the Trader's Cabinet.

 

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I have been trading with NordFX since 2009 till today and never have faced any trouble. Their support service and platforms are very reliable and good. Most traders care about the withdrawal, which I found they are very fast, platform is accurate and fast, that’s the reason I love NordFX for forex trading services. We highly recommended NordFX for you.
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NordFX has several advantages that make trading in financial markets more secure, convenient, effective and easy to learn. One of the critical factors of success of your trading in the FOREX market is by choosing companies NordFX as your Broker.

 

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Forex Forecast for 5-9 October 2015

 

First, a review of the previous week:

- this time round, the forecast for EUR/USD given by graphical analysis panned out – first, the pair was to go down to 1.1120 and then return to resistance at 1.1210, which happened. After that, the pair moved sideways, turning 1.1210 into a Pivot Point where it finished the week;

- those 80% of the analysts who said that GBP/USD had already reached its low were right. Despite all the efforts by the bulls, a rebound didn’t occur. Instead, the pair followed the predictions of graphical analysis and stayed in a sideways trend all of the last week;

- in line with the forecast of the 12% of the analysts and the indicators on D1, USD/JPY continued its sideways trend. Besides, the D1 chart clearly shows that, after descending from a double top to last spring’s levels and reducing its volatility, USD/JPY formed an almost perfect pennant (or a symmetrical triangle) over the last 6 weeks;

- one of the forecasts for USD/CHF claimed that the pair would continue its sideways movement, which did happen. At the same time, as predicted, support was at 0.9670 (the pair’s main support level for the past 4 weeks). The other mentioned level 0.9740 served as a Pivot Point.

 

Forecast for the coming week.

Summarizing the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be proposed:

- both analysts and indicators predict that EUR/USD will stay in its sideways trend. The bottom boundaries are set at 1.1100 and 1.1000. Resistance is likely to be at 1.1300 and 1.4600;

- most experts believe that GBP/USD will also be moving horizontally. The main support level will be at 1.5100, with the main resistance around 1.5300. Graphical analysis on H4, in turn, shows that the pair may bounce higher to around 1.5360, as it happened 8 and 9 September. Alternatively, 17% of the analysts don’t rule out that 1.5100 is still not the bottom and the pair may drop even lower to 1.1470;

- considering that USD/JPY has formed an absolutely symmetrical triangle on D1, the indicators continue to point to a sideways trend. However, the W1 timeframe shows that the triangle isn’t that symmetrical but rather ascending. This pattern is usually indicative of an upward breakout, and 70% of the experts agree with it, believing that the pair should reach at least 122.00 in the long run. The main support remains at 118.50;

- regarding USD/CHF, the lows of 24 August, 18 September and 2 October allow drawing a bullish support line. This is corroborated by 67% of the analysts and indicators on W1 – in the medium term, the bulls will maintain advantage and the pair will be moving up to 0.9900. At the same time, indicators on D1 suggest that the pair will stay in a horizontal trend with a 0.9740 Pivot Point for another week.

 

Roman Butko, NordFX

A good place to start from is where you are.

Murphy's Law

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Forex Forecast for 5-9 October 2015

 

 

First, a review of the previous week :

  • this time round, the forecast for EUR/USD given by graphical analysis panned out – first, the pair was to go down to 1.1120 and then return to resistance at 1.1210, which happened. After that, the pair moved sideways, turning 1.1210 into a Pivot Point where it finished the week;
  • those 80% of the analysts who said that GBP/USD had already reached its low were right. Despite all the efforts by the bulls, a rebound didn’t occur. Instead, the pair followed the predictions of graphical analysis and stayed in a sideways trend all of the last week;
  • in line with the forecast of the 12% of the analysts and the indicators on D1, USD/JPY continued its sideways trend. Besides, the D1 chart clearly shows that, after descending from a double top to last spring’s levels and reducing its volatility, USD/JPY formed an almost perfect pennant (or a symmetrical triangle) over the last 6 weeks;
  • one of the forecasts for USD/CHF claimed that the pair would continue its sideways movement, which did happen. At the same time, as predicted, support was at 0.9670 (the pair’s main support level for the past 4 weeks). The other mentioned level 0.9740 served as a Pivot Point.

 

Forecast for the coming week.

Summarizing the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be proposed :

  • both analysts and indicators predict that EUR/USD will stay in its sideways trend. The bottom boundaries are set at 1.1100 and 1.1000. Resistance is likely to be at 1.1300 and 1.4600;
  • most experts believe that GBP/USD will also be moving horizontally. The main support level will be at 1.5100, with the main resistance around 1.5300. Graphical analysis on H4, in turn, shows that the pair may bounce higher to around 1.5360, as it happened 8 and 9 September. Alternatively, 17% of the analysts don’t rule out that 1.5100 is still not the bottom and the pair may drop even lower to 1.1470;
  • considering that USD/JPY has formed an absolutely symmetrical triangle on D1, the indicators continue to point to a sideways trend. However, the W1 timeframe shows that the triangle isn’t that symmetrical but rather ascending. This pattern is usually indicative of an upward breakout, and 70% of the experts agree with it, believing that the pair should reach at least 122.00 in the long run. The main support remains at 118.50;
  • regarding USD/CHF, the lows of 24 August, 18 September and 2 October allow drawing a bullish support line. This is corroborated by 67% of the analysts and indicators on W1 – in the medium term, the bulls will maintain advantage and the pair will be moving up to 0.9900. At the same time, indicators on D1 suggest that the pair will stay in a horizontal trend with a 0.9740 Pivot Point for another week.

 

Roman Butko, NordFX

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Forex Forecast for 12-16 October 2015

 

First, a review of last week’s predictions:

- as expected, EUR/USD spent the week within the indicated boundaries. The bulls had a distinct advantage and, after two failed attempts on Thursday, they managed to break through the first resistance level of 1.1300 on Friday, repeating the scenario of the first ten days of September;

- the forecast for GBP/USD was fulfilled 100%. As predicted, bouncing off support around 1.5100, the pair went up, broke through the main resistance of 1.5300, spent some time around 1.5360 and Friday evening returned to 1.5300;

- the indicators insisted USD/JPY should continue its sideways trend, which happened. Apparently, the bulls and the bears got so weary of fighting that were able only to continue to draw the symmetrical triangle, which they’ve been busy with for the past 7 weeks;

- the USD/CHF pair was quite unpredictable. First, as suggested, it moved up, then turned the 0.9740 Pivot Point into resistance and entered a sideways trend, finishing the week by falling to support around 0.9590.

 

Forecast for the coming week.

Summing up the views of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be put forward:

- regarding EUR/USD, 67% of the analysts agree with the indicators that the pair will reach September’s high of 1.1460. Now the pair is at the upper boundary of the weekly ascending channel, and there are two possible scenarios – either the given boundary line becomes support and the pair immediately goes up, or the scenario of the first half of September is repeated and the pair rebounds to the lower boundary of the corridor (1.1300-1.1315) before continuing its upward movement. This turn of events is strongly supported by graphical analysis on H1;

- a similar pattern is expected for the GBP/USD pair. About 70% of the analysts and indicators on H4 and D1 insist the pair will rise at least to 1.5450 resistance. At the same time, graphical analysis on H1 and H4 specifies that at first, the pair may fall to support at 1.5300 (H1) and may even reach the bottom around 1.5250 at the second attempt;

- the seven-week pennant on the USD/JPY chart leaves both analysts and all the tools of technical analysis puzzled. Nonetheless, 33% of the analysts as well as indicators on H4 still have a faint hope that USD/JPY will rise to 121.20 at least. Alternatively, 33% of the analysts expect the pair to fall to around 1.1850, and the remaining third just shrug their shoulders, which doesn’t qualify as a forecast in any way;

- as for USD/CHF, 90% of the analysts believe that the pair will hold in a 0.9540-0.9750 sideways corridor. This forecast is elaborated by graphical analysis on D1 – USD/CHF should first go up to the upper boundary of the corridor, then rebound and drop to 0.9500-0.9570 for 2-3 days before abruptly rising to 0.9900. However, the latter may take place only end of October – early November.

 

Roman Butko, NordFX

A good place to start from is where you are.

Murphy's Law

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Forex Forecast for 12-16 October 2015

 

First, a review of last week’s predictions :

  • as expected, EUR/USD spent the week within the indicated boundaries. The bulls had a distinct advantage and, after two failed attempts on Thursday, they managed to break through the first resistance level of 1.1300 on Friday, repeating the scenario of the first ten days of September;
  • the forecast for GBP/USD was fulfilled 100%. As predicted, bouncing off support around 1.5100, the pair went up, broke through the main resistance of 1.5300, spent some time around 1.5360 and Friday evening returned to 1.5300;
  • the indicators insisted USD/JPY should continue its sideways trend, which happened. Apparently, the bulls and the bears got so weary of fighting that were able only to continue to draw the symmetrical triangle, which they’ve been busy with for the past 7 weeks;
  • the USD/CHF pair was quite unpredictable. First, as suggested, it moved up, then turned the 0.9740 Pivot Point into resistance and entered a sideways trend, finishing the week by falling to support around 0.9590.

 

Forecast for the coming week.

Summing up the views of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be put forward :

  • regarding EUR/USD, 67% of the analysts agree with the indicators that the pair will reach September’s high of 1.1460. Now the pair is at the upper boundary of the weekly ascending channel, and there are two possible scenarios – either the given boundary line becomes support and the pair immediately goes up, or the scenario of the first half of September is repeated and the pair rebounds to the lower boundary of the corridor (1.1300-1.1315) before continuing its upward movement. This turn of events is strongly supported by graphical analysis on H1;
  • a similar pattern is expected for the GBP/USD pair. About 70% of the analysts and indicators on H4 and D1 insist the pair will rise at least to 1.5450 resistance. At the same time, graphical analysis on H1 and H4 specifies that at first, the pair may fall to support at 1.5300 (H1) and may even reach the bottom around 1.5250 at the second attempt;
  • the seven-week pennant on the USD/JPY chart leaves both analysts and all the tools of technical analysis puzzled. Nonetheless, 33% of the analysts as well as indicators on H4 still have a faint hope that USD/JPY will rise to 121.20 at least. Alternatively, 33% of the analysts expect the pair to fall to around 1.1850, and the remaining third just shrug their shoulders, which doesn’t qualify as a forecast in any way;
  • as for USD/CHF, 90% of the analysts believe that the pair will hold in a 0.9540-0.9750 sideways corridor. This forecast is elaborated by graphical analysis on D1 – USD/CHF should first go up to the upper boundary of the corridor, then rebound and drop to 0.9500-0.9570 for 2-3 days before abruptly rising to 0.9900. However, the latter may take place only end of October – early November.

 

Roman Butko, NordFX

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NordFX have the best Trader Cabinet. Balance on MT4 (for transactions) can be separated with Balance Trader Cabinet (to save or withdrawal). It will teaches and helps us to better Financial Management in Online Forex Trading Business

 

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In NordFX You do not have to worry about your withdrawal disturbed by transactions in MetaTrader because transaction and withdrawal funds will be separate on your NordFX trader cabinet.

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NordFX website contains a lot of information covering almost all aspects of trading - www.nordfx.com.

 

Monitoring room is a great place where members can see some registered account for monitoring on the trade in real time. You also can use Demo Account and Demo Contest Account to learn more about NordFX Service and server trading platform.

 

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10 prize places!

And 10 consolation prizes.

 

Each contest lasts 2 weeks.

 

Start: 19.10.2015 00:00 (server time)

Finish: 30.10.2015 22:00 (server time)

 

Why wait? Register a contest account now!

 

 

More Info : DEMOCUP NordFX

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