April 15, 2018

Forex Forecast and Cryptocurrencies Forecast for April 16 - 20, 2018

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

– EUR/USD. According to the graphical analysis, the pair was supposed to consolidate in the Pivot Point zone of the medium-term side channel in 2018. The level of 1.2215 was indicated as the lower limit, the upper one was 1.2355. At the same time, 35% of analysts suggested that the US dollar will continue to weaken, provoked by data on the labor market, and the pair would be able to break through 1.2355, rising above this level.

It was this scenario that was implemented. The pair climbed 115 points by the middle of the week, reaching the height of 1.2395, after which it turned and returned to where it had been expected - to the medium-term Pivot Point in the zone of 1.2328...

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April 8, 2018

Forex Forecast and Cryptocurrencies Forecast for April 09 - 13, 2018

First, a review of last week’s forecast:

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

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April 1, 2018

Forex Forecast and Cryptocurrencies Forecast for April 02 - 06, 2018

First, a review of last week’s forecast:

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

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March 25, 2018

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

First, a review of last week’s forecast:

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

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March 18, 2018

Forex and Cryptocurrencies Forecast for 19-23 March, 2018

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

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

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March 11, 2018

Forex Forecast and Cryptocurrencies Forecast for 12-16 March 2018

First, a review of last week’s forecast:

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

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March 4, 2018

Forex Forecast and Cryptocurrencies Forecast for 05 – 09 March, 2018

First, a review of last week’s forecast:

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

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February 25, 2018

Forex Forecast and Cryptocurrencies Forecast for 26 February – 02 March 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% correct.

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

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February 18, 2018

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...

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February 11, 2018

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...

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February 3, 2018

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...

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January 28, 2018

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...

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January 21, 2018

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...

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January 16, 2018

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.

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January 14, 2018

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 15 - 19, 2018

First, a review of last week’s forecast:

– EUR/USD. Recall that the majority of experts (55%), supported by graphical analysis and oscillators on D1, voted for the pair's growth to 1.2200. This forecast turned out to be 100% true: it was at this point that the pair ceased movement at midnight on Friday 12 January. It should be noted that the publication of the minutes of the last ECB meeting, according to which the regulator is planning to curtail its 2.5 trillion-euro bond-buying programme in 2018 - a programme which should seriously accelerate the recovery of the eurozone - contributed to such impressive growth of the euro...

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January 7, 2018

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for January 8 - 12, 2018

First, a review of last week’s forecast:

– The markets are apparently still on winter vacation. Hence, the pair EUR/USD spent five days in the very narrow lateral channel of 1.2000-1.2085 and completed the five-day period in the same place where it started at 1.2030...

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December 30, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for the First Quarter of 2018

This forecast has been written on Saturday, 30th December, right before the new year of 2018. As per tradition, before forecasting what will happen next year, we first draw conclusions about what has already happened this year.

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December 17, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 18 – 22 December 2017

First, a review of last week’s forecast:

– The Christmas holidays simply cannot help affecting financial market participants. They are the reason most analysts expected EUR/USD to move in the rather narrow range of 1.1685-1.1900. In fact, this channel turned out to be even narrower, ending up being 1.1717-1.1862, with the week’s fluctuations not exceeding 150 points. Thus, the week produced no real results: the pair ended it in almost the same place where it started, namely in the 1.1750 zone...

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December 10, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 11 – 15 December 2017

First, a review of last week’s forecast:

– Medium-term forecasts often come true much faster than expected. 65% analysts had expected that EUR/USD would test the midpoint of the 1.1575-1.2090 side channel - along which it has been moving for several months - in the medium term. However, it was just last week that the pair once again returned to the August values, completely defying the bulls' short-term expectations...

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December 3, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for December 04 - 08, 2017

First, a review of last week’s forecast:

– As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD. At the beginning of the week, it seemed to have gone north, continuing the main trend of November, but the bulls' strength quickly dried up, and soon the pair retreated to where one third of analysts and oscillators had indicated - to the local bottom in zone 1.1800. However, while the pair was falling, the bulls regained their forces and by the end of the week they managed to bring it back to the level of 1.1900 - practically to the same place where the pair started on Monday...

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November 26, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 27 November - 1 December 2017

To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:

– Regarding EUR/USD, we named the forecast based on graphical analysis as the most promising one last week. Our decision was not a mistaken one. Recall that, according to readings on H4, the pair was expected to spend some time moving in the side corridor in the 1.1700 to 1.1860 range. After hitting the lower border of this channel, it was expected to sharply rise. This is exactly what happened: having designated a local minimum at the level of 1.1712 and being propelled by Trump's decision regarding North Korea and news from the US Federal Reserve, the pair started heading north on 21 November. It reached its maximum at 1.1943 by the end of the week...

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November 19, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 20 - 24, 2017

First, a review of last week’s forecast:

– Recall that, when giving the forecast for the EUR/USD, the overwhelming majority of experts (65%) supported the growth of this pair. In their opinion, having beaten off strong support/resistance level 1.1665, the pair should go up - first to the height of 1.1725, and then another 100 points higher...

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November 11, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for November 13 - 17, 2017

First, a review of last week’s forecast:

– Just this summer, strategists of many large international banks had designated the 2015 and 2016 highs in the zone 1.15-1.16 as momentous for EUR/USD. The past two weeks of November confirmed this: this entire time the pair has been moving east along the horizon 1.1600, and its main fluctuations, aside from rare inconsistencies, were within the boundaries of 1.1575-1.1660. It was in this upper border of the side corridor that the pair completed the weekly session...

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November 3, 2017

Forex Forecast for EURUSD for the end of 2017 and for 2018

According to statistics, more than 85% of transactions in financial markets are made with the participation of the US dollar, and about 30%, with the participation of the Euro. So, what do experts expect from the EUR/USD at the end of 2017 and in 2018?

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October 29, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for October 30 - November 3, 2017

First, a review of last week’s forecast:

– As the opinions of analysts were split 50/ 50, we had decided not to give a clear forecast for EUR/USD for the second week in a row. In terms of what happened, despite the bulls having an advantage at the beginning of the week, the bears eventually won. The House of Representatives of the US Congress was on their side this time, allowing the Senate to approve Trump's tax reform by a simple majority. But that's not all: on Thursday, 26 October, the dollar experienced a surge of support from the ECB, which decided to extend the QE quantitative easing program and continue buying bonds until the end of September 2018. All this hit the European currency so strongly, that it lost about 250 points against the dollar in two days...

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October 22, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 23 - 27 October 2017

First, a review of last week’s forecast:

– Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded. Recall that there was a complete discord both among experts and among indicators: some were looking to the north, some south, and some were simply shrugging shoulders, unable to predict anything. The pair seemed to feel it: it first went down, then up, then down again ... As a result, it did not opt for either direction, and finished the five-day period near 1.1780, the Pivot level, around which it has been gravitating for four weeks...

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October 15, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 16 - 20 October 2017

First, a review of last week’s forecast:

– Recall that an overwhelming majority of experts expected a minor strengthening of the dollar. According to their forecasts, EUR/USD would fall to support 1.1660. This did not happen, however, and the minimum of the week was fixed 60 points higher, at the level of 1.1720. The forecast which was given by graphical analysis, supported by indicators on H4 and only 15% of analysts, turned out to be correct. According to this scenario, the pair was expecting a trend reversal and a move to the north, first to resistance 1.1835, and in the event of its breakdown, even higher, to 1.2035. This scenario was indeed the one that played out; however, the pair was unable to settle above the aforementioned resistance and completed the week near 1.1820...

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October 8, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 09 - 13 October 2017

First, a review of last week’s forecast:

– Recall that we weren’t able to word a more or less specific forecast for EUR/USD last week, as the opinions of the experts were split exactly in half: 50% of them voted for the growth of the pair and 50% for its fall. The market literally froze in anticipation of Friday's data on the US labor market; once they were released, however, it reacted to them quite calmly as well. As a result, the pair returned to the August values and completed the week in the zone of the week’s Pivot Point at 1.1733...

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October 1, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 02 - 06 October 2017

First, a review of last week’s forecast:

– The Fed decision on a fourfold increase in the interest rate in 2017-18 continued to dominate over the pair EUR/USD, as well as the results of the German elections, not ideal for Frau Merkel. Thanks to these factors, as predicted by most experts, the euro lost more than 230 points by the middle of the week. However, later it played back some losses, rising to the horizon of 1.1815...

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September 24, 2017

Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for 25 - 29 September 2017

First, a review of last week’s forecast:

– EUR/USD. Recall that experts appeared to be completely bewildered when giving last week’s forecast: 40% of them voted for the growth of the pair, 40% for its fall and 20% for a sideways trend. The indicators did not clarify the situation either, showing a very similar dispersion in their readings. Graphical analysis was alone in pointing unambiguously to the north, where the pair indeed went, having reached 1.2033 on Wednesday 20 September.
The main event of the day was an atypical meeting of the US Federal Reserve, which confirmed the expediency of another increase in the interest rate in 2017 followed by three increases in 2018. In addition, the Fed, finally, decided to start reducing its balance. All this led to a sharp increase in the dollar, and the EUR/USD suddenly fell 170 points, stopping at 1.1860. After that, the bulls vigorously won back the losses, and the pair finished the week practically at the same place where it started: near 1.1950, having performed the predicted scenarios of all three groups of experts...

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