NordFX.com - ECN/STP, MT5, CQG, Multiterminal broker

[Stan NordFX]

Bitcoin Forecast for 2018​

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

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

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

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

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

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

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

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

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

Dear traders,
NordFX offers you a unique opportunity to trade cryptocurrencies (bitcoin, Litecoin and Ethereum) with a leverage of 1: 1000!
Minimal spreads, account opening in just 1 minute.​

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


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

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

https://nordfx.com/

 

[Stan NordFX]

MasterForex-V Academy Names NordFX Top in Two Categories​

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

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

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

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

Dear traders,
NordFX offers you a unique opportunity to trade cryptocurrencies (bitcoin, Litecoin and Ethereum) with a leverage of 1: 1000!
Minimal spreads, account opening in just 1 minute.​

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

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

https://nordfx.com/

 

[Stan NordFX]

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 22 - 26, 2018​

First, a review of last week’s forecast:

- EUR/USD. The pair never escaped the landmark "zone of the decade", defined by the two-year high of 2017 and the lows of June 2010 and July 2012. Therefore, we did not make a definite forecast last week. Uncertainty reigned in the camp of experts: 40% voted for the growth of the pair, 40% for its fall, and 20% shrugged their shoulders. All were right: the pair grew a little, then declined, then grew again. It eventually finished the week not far from where it started, at 1.2215;

- GBP/USD. If you look at last week’s forecast, you will find the following: "40% of analysts believe that following the weakening of the dollar, GBP/USD will continue its movement in the medium-term rising channel... In this case, its immediate target will be the 1.3835-1.4000 zone." This forecast was accurate, it was on Monday that the pair had already rushed up and, having reached resistance 1.3940, tried to break it twice; after two unsuccessful attempts, however, it finished the five-day period in the 1.3850 zone;

- As for USD/JPY, most analysts (70%) turned out to be right, as they identified the pair’s southward ambitions. The level 110.00 was identified as the nearest support, which the pair approached on Wednesday 17 January, after which the retreat followed. After some hesitation, the pair, just like the EUR/USD, returned to almost the same place where the weekly session began: the 110.80 zone;

- Giving a forecast for USD/CHF, about 60% of experts expressed support for the fall of the pair to a low of 0.9575. The pair fulfilled this task, even trying to overfulfill it when it reached a local bottom at the 0.9535 horizon. However, it did not manage to gain a foothold there, and quickly returned 100 points upwards to the 0.9640 mark.


As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, 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 polls of experts, the "bears" are leading here with a slight advantage (55% vs 45%), expecting the pair to return to the support at 1.2165, and, in the event of its breakthrough, to fall to the 1.2000-1.2080 zone. This development is supported by graphical analysis and most of the oscillators on H4.
As for the “bulls”, they fully agree with the trend indicators and oscillators on D1, who foresee that the pair will grow beyond 1.2400;

- GBP/USD. Most of the indicators for this pair are colored green. However, 15% of the oscillators are already giving signals that the pair is overbought. As for the experts, while only 50% of them expect the pair to turn southwards immediate future, 85% of them agree that it will do so in the medium term.
The “bull’s” targets are 1.4000 and 1.4090. The "bears" also expect the pair to fall first to 1.3585, and then to the 1.3455 and 1.3300 support levels;

- USD/JPY. The pair is in the middle of the mid-term side channel 108.00-114.75. Most experts (70%), supported by almost 80% of the indicators, believe that, having broken through the support at 110.00, the pair will continue its movement to the lower border of this channel.
30% of analysts and graphical analysis on both H4 and D1 disagree with this version. In their opinion, the pair should rebound to at least resistance 112.05.
If we talk about the medium term, the number of expert supporters of the pair's rise to 112.00-113.75 increases to 65%;

- The last pair of our review is USD/CHF. 55% of the experts, in full agreement with the indicators on D1 and the graphical analysis on H4, speak of the continuation of the downward trend, whose ultimate goals are the summer minimums of 2017 near 0.9400. The remaining 45% of analysts and graphical analysis on D1 suggest that the pair's decline has ended, and that it is expected to grow beyond 0.9700. The next resistance is 0.9835.

Among the economic events of the upcoming week that may affect both the volatility of currency pairs and the direction of trends are the statements of the Bank of Japan on Tuesday 23 January and Friday 26 January, as well as the ECB decision on the interest rates and its comments on Thursday 25 January.

Dear traders,
NordFX offers you a unique opportunity to trade cryptocurrencies (bitcoin, Litecoin and Ethereum) with a leverage of 1: 1000!
Minimal spreads, account opening in just 1 minute.​

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


Roman Butko, NordFX


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

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

https://nordfx.com/

 

[Stan NordFX]

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 29 - February 02, 2018​

First, a review of last week’s forecast:

- EUR / USD. Analysts' votes last week were divided almost evenly. More precisely, 55% of them sided with the "bears" and 45% with the "bulls". The fate of the pair was decided by the good and mighty of the world: first it grew following the statements of the US Treasury Secretary on the weak dollar; then it was pushed back up by ECB President Mario Draghi’s speech, resulting in a three-year high at 1.2537.
The US currency received a bit of help from US President Donald Trump, who declared at the economic forum in Davos, Switzerland that his finance minister had not been correctly understood. Because of this "misunderstanding", the dollar briefly managed to win back 175 points, after which the pair once again rushed northwards and completed the week where the “bulls” had wanted it: near 1.2425;

- This doesn't happen often, but thanks to the several VIP statements, the GBP/USD graph almost completely repeated the EUR/USD graph. First, the pair showed impressive growth, rising by 500 points and reaching a height of 1.4345 on Thursday. Then, following Trump's remarks, it fell by 260 points, then rose to 1.4285, and then dropped again to 1.4165;

- Unlike GBP/USD, the Japanese yen managed to win back only half as much from the dollar: about 240 points. However, because of this fall, the forecast for which most experts voted (70%) ended up being 100% correct: the pair almost reached the lower boundary of the mid-term side corridor 108.00-114.75. When taking the last three weeks of January as a whole, the Japanese currency grew by about 500 points against the US currency during this period;

- USD/CHF, mirroring the dynamics of EUR/USD, fulfilled and exceeded the forecast of most analysts. They had been expecting the continuation of the downtrend; whose goal was the summer low in 2017 at approximately 0.9400. After some effort, it managed to break through this support and completed the week’s session near 0.9335.


As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, 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. An absolute majority of indicators are coloured green here. Only 15% of oscillators on D1 signal that the pair is overbought. As for the experts, the number of supporters of the dollar’s strengthening and the fall of the pair is much higher: 65% versus 35%. The closest target in this case is the 1.2190-1.2300 zone.
We should note that the upcoming week is filled with all sorts of events that can seriously affect the quotes of EUR/USD and other dollar pairs. This includes the publication of data on the US consumer market on Monday 29 January, the release of data on GDP and the consumer price index of the Eurozone on 30 and 31 January, the comments of the Federal Reserve on monetary policy on 31 January, as well as the publication on Friday 2 February of the data on the US labor market (NFP). And speaking about the US, as usual, we must not forget about the nation’s president: Donald Trump is expected to give another speech on the last day of January.
In the event of a negative market reaction to these events, the dollar may continue its decline, meaning that the pair’s growth will continue. The most probable targets in this event will be the resistance levels of autumn 2014: 1.2535, 1.2570 and 1.2630;

- GBP/USD. When it comes to trend indicators and oscillators, here the situation is like the EUR/USD one. But the opinions of analysts were divided into three equal parts: one third support the pair’s growth, one third its fall, and one third predict a lateral trend. Graphical analysis on H4 agrees with the latter, which predicts the pair’s near-future movement as being in the 1.4085-1.4345 side channel. After that, according to the graphical analysis on D1, the volatility will increase, and the pair should first grope the bottom at 1.3855, and then rebound upwards into the 1.4300-1.4485 zone.
As for the medium-term forecast, about 80% of experts expect the pair to fall to the 1.3450-1.3585 zone.

- USD/JPY. Here, the majority of experts (60%), supported by graphic analysis on H4 and D1, expect the pair to rebound to 109.35, and possibly even higher, to the Pivot Point of the medium-term channel near 111.00, after which it should fall once again to the lower boundary of the medium-term channel at 108.00. However, it is possible that quite soon, on the back of economic news, the "bears" will try to break through the support of 108.00 and reach the minimum of last August at 107.30;

- The last pair of our review is USD/CHF. 50% of experts, in full agreement with the graphical analysis on H4, as well as a quarter of the oscillators, expect the pair to go up first to 0.9435, and then 100 points higher. As for the second half of analysts, in their opinion, dollar weakening could pull the pair further downwards to 0.9135.
At the same time, it should be noted that in the medium term, the number of supporters of the pair's rise to 0.9500, and then on to parity at 1.0000, increases to 70%.

Dear traders,
NordFX offers you a unique opportunity to trade cryptocurrencies (bitcoin, Litecoin and Ethereum) with a leverage of 1: 1000!
Minimal spreads, account opening in just 1 minute.​

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


Roman Butko, NordFX


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

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

https://nordfx.com/

 

[Stan NordFX]

Three New Crypto Currency Pairs Have Been Added to Pro and Zero Accounts​

Dear clients, we are delighted to inform you that three new cryptocurrency pairs have been added to Pro and Zero accounts. In addition to BTCUSD, LTCUSD and ETHUSD, trading services are now available for the increasingly popular pairs of DSHUSD, XRPUSD and BCHUSD.

Dash, DSH is a crypto currency that was first issued on 18 January 2014. It was previously known as XCoin and, after that, as Darkcoin until 26 March 2015. Currently Dash is a TOP-10 cryptocurrency: in September 2017, its market capitalization amounted to 2.5 billion dollars. As for the value of Dash, it grew more than 90 times during the 12 months of 2017.

Ripple, XRP is a relatively "old" cryptocurrency, having been launched in 2012. As of the end of 2017, Ripple, like Dash, is among the top ten cryptocurrencies in terms of market capitalization, where it ranks fourth after Bitcoin, Ethereum and Bitcoin Cash. From 1 January to 31 December 2017, Ripple grew by more than 400 times.

Bitcoin Cash, BCH is a cryptocurrency that separated from Bitcoin on 1 August 2017. In the last 5 months of the last year, Bitcoin Cash multiplied in value by 12 times.

You can find more detailed information on the contract terms for new pairs on our website in the sections describing the Pro and Zero accounts. Please note that, just like for other trading instruments, the maximum leverage on DSHUSD, XRPUSD and BCHUSD pairs is 1:1000.


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

https://nordfx.com/

 

[Stan NordFX]

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for February 5 - 9, 2018​

First, a review of last week’s forecast:

- EUR/USD. 65% of people thought the dollar would strengthen and the pair would fall. Starting from Monday, the pair obediently went to the target indicated by experts, namely 1.2300. However, a little before reaching the set level of 1.2335, the bears lost all their advantage, and, after two unsuccessful attempts to break through this support, the pair turned north.
The autumn 2014 level of 1.2535 was identified as the nearest resistance on its way up: the pair climbed to it on the first day of February.
On 2 February, thanks to positive data on the US labour market (NFP grew by 25%), the dollar managed to play back a few of its losses, meaning that the pair completed the five-day period almost in the same place where it started: near 1.2455;

- GBP/USD. Analysts' views about the future of this pair were divided into three equal parts: one third were for the growth of the pair, a third were for its fall, and another third foresaw a sideways trend. Such a distribution of votes gave grounds to expect the pair to move east, which was confirmed by graphical analysis on H4 and D1. The forecast was fully vindicated, and by the end of the week’s session the pair returned to its initial values at 1.4115;

- The forecast of USD/JPY can also be considered fulfilled if not by 100, then, at least, by 90 percent. Most experts, supported by graphical analysis, expected the pair to go up to 109.35, and then further up, to around 111.00, which is where the Pivot Point of the 108.00-114.75 medium-term channel is.
If you look at the chart, you can see that during the first half of the week the pair had been trying to overcome the resistance at 109.20, succeeding in doing so on Wednesday 31 January. The pair reached the week’s maximum of 110.47 on Friday;

- USD/CHF. Here, the opinions of experts were divided 50/50. The pair spent the whole week being similarly ambivalent: at first it grew a little, then fell slightly, then went up again, and then fell a little. As a result, the decline over five trading days was as small as 25 points (0.9335).


As for the forecast for the coming week, summarizing the opinions of analysts from a number of banks and brokerages, 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 absolute majority of trend indicators and oscillators are still coloured green. Only two oscillators signal that the pair is overbought, one of them being on H4 and the other on D1. As for analysts, there is not even a hint of unity among them: 35% think the pair will grow, 35% think it will fall, and 30% are simply disorientated.
A clearer picture is drawn by graphical analysis. On H4, it assumes a continuation of the uptrend, with the support being near 1.2400 and the nearest targets being 1.2525 and 1.2570. On D1, graphical analysis also largely focuses on support / resistance levels of autumn 2014. The trend is also an upwards one, with support at 1.2340, and a 1.2630 target.
If we move to the medium-term forecast, almost 70% of experts still hope for dollar strengthening and the pair’s subsequent decline to 1.1900-1.2085;

- GBP/USD. Experts opinion is divided thus: 55% predict growth, 45% foresee a fall. The indicators are mostly directed to the north. Only 15% of trend indicators and 30% of H4 oscillators are painted red. When moving on to D1, however, almost all of them change colour to green as well.
Graphical analysis indicates a possible fall of the pair to 1.3950, after which it should grow to the resistance at 1.4275 and then to the peaks of 1.4345 and 1.4515.
It should be noted that on Thursday 8 February the Bank of England is expected to release quite a few announcements, although no major changes to UK monetary policy are anticipated.
In the medium term, just as in the case of EUR/USD, the number of analysts expecting the dollar to grow and the pair to fall to 1.3285-1.3600 increases to 70%;

- USD/JPY. If last week most experts, supported by graphical analysis on H4 and D1, rightly expected the pair to rebound, now some of them have moved to the side of the bears. As a result, the situation is as follows:
55% of experts, supported by graphical analysis on H4 and D1, as well as half of trend indicators and oscillators on D1, believe that the pair should once again test the lower level of the mid-term side corridor of 108.00. As for the remaining bull supporters, in their opinion, the pair's growth potential has not yet been exhausted, and it should rise to 111.25-112.00;

- The last pair of our review is USD/CHF. Almost 70% of experts, in full agreement with graphical analysis on H4 and a quarter of indicators, expect the pair to go up first to 0.9575, and then 75 points higher to 0.9650. The remaining 30% of analysts are confident that the downtrend will continue and that the pair will fall into the 0.9100-0.9200 zone.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.​

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


Roman Butko, NordFX


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

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

https://nordfx.com/

 

[Stan NordFX]

NordFX and Serenity Financial: Blockchain Technologies for the Forex Market​

One of our main priorities at NordFX are the interests of our clients and the protection of their funds. To act on these priorities, the company is taking a new step by joining the project Serenity Financial.

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

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

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


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

https://nordfx.com/

 

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for February 12 - 16, 2018​

First, a review of last week’s forecast:

- EUR/USD. The publication of positive data on the labor market in the USA (NFP grew by 25%) on February 2, triggered a panic on American stock exchanges. According to experts, the increase in the number of jobs at the same time with an increase in the average wage indicates not the recovery, but the overheating of the world's largest economy.
As for the dollar, unlike the stock indices, in anticipation of higher inflation and higher interest rates, on the contrary, it continued to grow against the euro, as it started on February 2, having strengthened its positions by more than 200 points. This change of trend from bullish to bearish once again confirmed that the medium-term forecast often prevails over the weekly forecast. Recall that in the medium term, 70% of experts voted for the growth of the dollar;

- GBP/USD. Just as in the case of EUR/USD, analysts predicted that in the medium term, the dollar would strengthen against the British pound. As for the weekly forecast, 45% of experts expected the fall of the pair. At the same time, they were supported by 30% of oscillators on H4, which is a fairly strong signal that the pair is overbought. The dollar was also supported by the unanimous decision of the Bank of England to keep the interest rate unchanged at 0.5%. As a result, the Briton lost about 285 points during the week and returned to the values of the middle of January;

- giving a forecast for the USD/JPY, the majority of experts (55%), supported by graphical analysis on H4 and D1, as well as half of trend indicators and oscillators on D1, was confident that the pair would again test the lower level of the mid-term side corridor 108.00-114.75. The pair indeed approached the 108.00 mark twice, however, before reaching any 45-50 points, it retreated, and as a result it completed the five-day period in the zone 108.75;

- USD/CHF. Here, almost 70% of the experts, in full agreement with the graphical analysis on H4 and a quarter of the indicators, expected the pair to go up. The closest target was called the level of 0.9575. The pair did, starting Monday, go north and, having passed 135 points, reached the height of 0.9470 on Thursday. However, there the strength of the bulls dried up. As a result, it met the end of the week's session at 0.9395.


It is difficult and ungrateful to give a forecast in the conditions of panic in the stock markets, but we will still try to summarize the opinions of analysts representing a number of banks and broker companies, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis.

- EUR/USD. It is clear that, after the last week's fall, most of the trend indicators and oscillators look to the south. 55% of experts who were expecting the pair to go down to the zone of 1.2000 are also looking there.
45% of analysts have an alternative point of view, as well as 35% of trend indicators on D1 and a quarter of the oscillators which give signals that the pair is oversold. According to this forecast, the pair should return to zone 1.2350-1.2530.
As for the graphical analysis on D1, it expects that before the pair can go up, it may fall back to support 1.2165. The decline looks deeper on H4, down to the level of 1.2080;

- GBP/USD. In this case, the experts' opinion, the indications of trend indicators, oscillators and graphical analysis, with only small differences, repeat what was said about the EUR/USD. Experts: 55% are for the fall of the pair, 45% are for the growth. Graphical analysis: possible decrease to the zone 1.3585-1.3660, then return to January highs - 1.4150-1.4350. The nearest resistance is 1.3985. Oscillators: about 15% claim that the pair is oversold, the rest are painted red;

- USD/JPY. Most (60%) experts expect that the pair will still reach the lower boundary of the medium-term side corridor 108.00. Moreover, as the graphical analysis suggests, it can even fall to the September 2017 low - the 107.30 mark, after which it is expected to rebound and return to the middle zone of the corridor 110.30-111.75. As for the rest of the analysts, in their opinion, the pair will go up from the very beginning of the week in order to reach the height of 110.00.

- And, at the end of the review, for the first time, we will try to give a weekly forecast for the main cryptocurrency pairs, basing on the opinions of crypto-exchanges experts In this case it is necessary to take into account that these pairs are extremely exposed to external factors, and each piece of news or event can cause not only significant fluctuations, but also a reversal of the trend. So:
Bitcoin (BTC/USD) - growth to the area of 10,300-12,160;
Ethereum (ETH/USD) - growth to the area of 1,025-1,125;
Litecoin (LTC / USD) - growth to the area of 173-213;
Ripple (XRP/USD) - growth to the area of 1.015-1.185.

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.​

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


Roman Butko, NordFX


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

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

https://nordfx.com/

 

[Stan NordFX]

NordFX Has Presented its Products at Expo in Thailand​

Traders Fair 2018 organized by FinExpo, was held early February in Bangkok, the capital of Thailand. Our company took part there as one of the sponsors.

This large-scale event, which gathered more than one and a half thousand guests and participants, provided an excellent opportunity for the presentation of NordFX new products and services.The visitors of our stand showed special interest in the opportunity to trade cryptocurrencies with a leverage of up to 1: 1000, as well as in the accounts denominated in Bitcoin.

The Bangkok Expo made it possible for the NordFX representatives to meet numerous current and potential partners and clients from Southeast Asia, listen to their opinions and wishes, and discuss further ways of the company's development.


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

https://nordfx.com/

 

[Stan NordFX]

Forex Forecast and Cryptocurrencies Forecast for February 19 - 23, 2018​

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

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

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

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

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


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

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

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

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

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

Dear traders, NordFX offers you the opportunity to trade cryptocurrencies with unrivalled leverage of 1: 1000.
Deposits in USD and bitcoin.​

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


Roman Butko, NordFX


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

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

https://nordfx.com/