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Author Topic: NordFX - questions, comments, etc.  (Read 40559 times)

Offline Julia NordFX

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Generalized Forex Forecast for 2-6 February 2015
« Reply #60 on: February 03, 2015, 06:09:00 PM »
Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be expected:
- EUR/USD will continue its downward tendency to the 1.1100 mark, although the opinions of analysts were divided almost equally: a third predict growth for the pair, a third its fall and a third a sideways trend;
- the situation with GBP/USD is similar while bearish tendencies look more convincing in this case;
- there is no consensus about the USD/JPY pair this week either among analysts or among indicators, something that happens very rarely. Here the choice is between a sideways movement and the pairs long-time tendency towards the range of 119.00-121.00, which it is very likely to reach after all;
- both analysts and indicators predict USD/CHF to return to the level of last autumn, with strong volatility too, intraday fluctuations reaching 150 and even 200 points.

As for the last weeks forecast:
- we predicted EUR/USD to fall to 1.1100 and possibly go up to 1.1380-1.1460. It did happen, just in the reverse order first the pair slipped down to the 1.1094 mark, rebounded to 1.1420, then calmed down and entered a sideways trend with the upper boundary of 1.1380;
- as predicted for the start of the week, GBP/USD rebounded upwards and way more than expected.  As a result, another attempt by the pair to fall to the low of 1.4900 failed and the pair was thrown off to the level of the beginning of the week 1.4986;
- as anticipated, the USD/JPY pair tried to reach its nearest target of 119.00 but weakened at the level of 118.66, took a break and entered a sideways trend;
- USD/CHF was set on partially winning back its Black Thursday losses it rushed upwards and quickly achieved the predicted level of 0.9000, stayed there for three days and then dashed even higher, soaring up by almost 300 points and reaching the 0.9285 mark by Friday.

Roman Butko, NordFX




A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Generalized Forex Forecast for 2-6 March 2015
« Reply #61 on: March 04, 2015, 09:26:18 PM »
Generalizing  the  opinions  of  35  analysts  from  world  leading  banks  and  broker companies and forecasts based on various methods of technical and graphical analysis, it can be noted that this week, just like last week, the sideways trend will be dominating for all four pairs:
- the corridor of 1.1170-1.1310 is most probable for the EUR/USD pair, although technical analysis indications are still contradictory. A number indicators point to bearish trends while some others show the opposite the pairs upward drive to 1.1450-1.1500;
- the GBP/USD pair is predicted to fall to the level of 1.5000 and then further to 1.4810 during March. Short-term, the pair may rise and make another attempt to break through the strong level of support around 1.5550;
- this week the target for USD/JPY remains the same 120.50. Strong support is around 118.50, the second support being 117.50;
- the plan for USD/CHF is as follows: getting up to 0.9735 step by step, then a sharp rebound downwards to around 0.9375 and further to 0.9280. However, the realisation of this scenario may stretch out over several weeks.

As for last weeks forecast:
- as predicted, in the first half of the week, EUR/USD stayed in a sideways trend. Then on Thursday, on the news from the USA, it fell sharply and so didnt meet the expectations of many analysts (including ours);
- GBP/USD was also expected to move sideways in the range of 1.5340-1.5500. By mid-week, the pair tried to break through the top boundary, reached 1.5550 but the very same news from the USA quickly returned it to the centre of the corridor specified by us;
- according to our plan, USD/JPY was supposed stay in a sideways trend all week long, demonstrating a consistent drive to reach 120.50, which happened, except that the target turned out to be even more modest 119.80;
- finally the USD/CHF pair. The forecast of its attempts to reach the 0.9555 mark was confirmed 100%.

Roman Butko, NordFX



A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Generalized Forex Forecast for 9-13 March 2015
« Reply #62 on: March 09, 2015, 04:12:49 PM »
Looking at what has been happening on the currency markets for the past few weeks, we get the impression that soon our screens will show EUR/USD/CHF = 1.0000.
In the meantime, generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we can note that... analysts are simply perplexed: 25% support growth, 25% support a fall and 50% are just at a loss. Therefore, in our forecast for the coming week, we will primarily focus on the indicators and secondly on our own logic and intuition:
- for the EUR/USD pair, the corridor 1.0760-1.1225 is most probable, with prevailing bearish trends and the pairs downward tendency to the level of 1.0700;
- GBP/USD may rebound to around 1.5225 at the start of the week, followed by a fall all the way down to 1.4910;
- the USD/JPY pair is likely to rise to the last weeks high of 121.27 and further to the range of 121.80-122.50. Its support will be at 119.50-119.80;
- the previous plan for USD/CHF stands moving step by step up towards the symbolic level of 1.0000. The only thing that we can predict is that the movement will be smoother than last week.

As for last weeks forecast, it turned out to be quite modest:
- as predicted, the EUR/USD pair spent the first half of the week in a sideways trend but then, thanks to the ECBs actions and reports from the USA, the pair easily broke through the lower boundary of the range and went down sharply, proving that indicators could be much more accurate than the deliberations of high-browed analysts. (Remember that 83% of indicators pointed towards the fall of the pair while only 32% of analysts were of this opinion.);
- we predicted that GBP/USD would fall to 1.5000 and then further to 1.4810 during March. But over the past week, the pair completed a massive part of the set task at a record-breaking pace and was short of 1.5000 by a mere 30 points;
- last week, USD/JPY was predicted to go up to the level of 120.50. It did happen as a matter of fact the pair completed the weekly session at 120.81. Yet, just a few hours before that the pair had reached 121.27 and only after that it returned to the specified level;
- the USD/CHF pair also easily beat the target. It was predicted to advance smoothly up to 0.9735 but actually it briskly rose at an angel of almost 45 degrees and made it to 0.9854, exceeding the set target by 120 points.

Roman Butko, NordFX



A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Generalized Forex Forecast for 16-20 March 2015
« Reply #63 on: March 17, 2015, 02:56:40 PM »
Upon generalizing the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, it appears that analysts are still at a complete loss, not quite sure what to expect from the market. Unlike the analysts, indicators and our own intuition send pretty clear signals regarding the upcoming week:
- EUR/USD is a very short distance away from the coveted mark of 1.0000, which the pair will try to reach in the nearest future. With this, considering the medium term perspective, analysts come out of their stupor and almost unanimously predict a rebound upwards to 1.1000-1.1200 over the next few weeks;
- as for the GBP/USD pair, the proud Brit can be expected to unwillingly follow the sinking Titanic, i.e. the Euro;
- the USD/JPY pair will try to break out of its sideways trend and rise from the range of 120.90-121.65 to the level of 121.50-122.50. The pair may actually reach its next target 123.00 rather quickly. The main support will be around 120.65-120.80;
- the plan for USD/CHF remains the same upwards to 1.0250, in hopes to fully compensate for the losses of Januarys Black Thursday.

As for last weeks forecast, my gut feeling was right. Seven days ago, EUR/USD and USD/CHF were predicted to level off around 1.0000. Here are the outcomes:
- EUR/USD fell by 400 points and made it halfway to the target. Just as much remains till the ultimate target;
- the USD/CHF pair actually exceeded expectations and reached 1.01250 on Thursday;
- sticking to the forecast overall, GBP/USD also exceeded the weeks plan. As predicted, it shot up by 100 points on Monday, then rolled downwards and by Thursday reached 1.4910, the mark forecast earlier. Further, the pair rebounded by another 100 points and fell to the level of 1.4750;
- USD/JPY was expected to rise to around 121.80-122.50, which is what happened the pair got to the landmark of 122.00 and then entered a sideways trend in the corridor of 120.90-121.65.

Roman Butko, NordFX


A good place to start from is where you are. Murphy's Law

Offline peleus

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Re: NordFX - questions, comments, etc.
« Reply #64 on: April 11, 2015, 06:31:54 PM »
Looking closely at GBP, looks like it might be a good one next week to trade here.

Offline Julia NordFX

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Generalized Forex Forecast for 23-27 March 2015
« Reply #65 on: March 24, 2015, 06:04:22 PM »
Summing up in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we had to introduce some changes. If you look at the analysts opinions row in the table, along with the symbols of upward, sideways and downward trends, you will find a new one open hands. As you can imagine, this indicates those analysts who are at a total loss and dont know what to say. This group is quite large (around 30%) but there are still a few desperate predictors whose opinions we take into account when compiling our forecasts. Therefore:
- despite EUR/USDs rebound last week, the pairs main trend of the last few months remains as is down to 1.0000. (By the way, the downstream channel with all possible fluctuations is very clear on the H4 chart). The short-term upward trend may continue all the way to 1.0915-1.1040 at the start of the week, after which everything should return to normal;
- the GBP/USD pair is expected to fluctuate again just like EUR/USD while at the same time moving in a sideways corridor between 1.4700 and 1.5000 under bearish influence;
- unlike the Brit, the USD/JPY pair will, on the contrary, strive upwards and try to regain last weeks losses, the nearest target being 121.20. With this, neither the indicators nor the analysts rule out  that over the first day or two the pair will still continue to fall;
- judging by the indicators, the forecast for USD/CHF is as follows: at first (but not for long) strictly downwards and then strictly upwards, back to the coveted mark of 1.0000. Considering that the transfer of Fridays indications to Monday is not that wise, it is possible that the pair will turn around and move upwards straight away, from the first tick. The analysts in general support this.

As for last weeks forecast:
- the analysts predictions for EUR/USDs tendency turned out to be right. They forecast that the pair would rebound upwards to 1.1000-1.1200. Truth be told, the pair didnt reach this level after all, although at its peak the rebound made almost 600 points;
- regarding the GBP/USD pair, we predicted that the proud Brit will continue to trail the Euro. Just have a look at last weeks charts;   
- the USD/JPY pair didnt meet our expectations. As predicted, the first half of the week it stayed in a lulling sideways trend within the narrow range of 121.140-121.50 but on Wednesday evenings news, instead of shooting upwards, it plunged breaking through the support around 120.65-120.80;
- as for USD/CHF, if its collapse in January was called Black Thursday, the events of last Wednesday can be safely dubbed Dark Grey Wednesday. We hope that the heavy clouds will disperse soon and the Swiss Frank will once again see the boundlessly blue Alpine skies.

Roman Butko, NordFX


A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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DemoCup Stage 3 Results
« Reply #66 on: March 27, 2015, 05:00:56 PM »
Warmest congratulations to the finalists and the best wishes for the last step of the contest!



Date and time of the next contest stage:
Start: 06.04.2015 00:00 (server time)
Finish: 17.04.2015 22:00 (server time)

Feel free to participate in the contest. Good luck in trading! http://contest.nordfx.com/
A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Autotrading service Signals
« Reply #67 on: March 27, 2015, 05:01:48 PM »
The autotrading service Signals has become even more user-friendly and efficient!

Wed like to call your attention to a series of short videos about copying trading signals via MT4 and MT5:
https://www.youtube.com/playlist?list=PLltlMLQ7OLeLZpxDnCMKz1tBlPcUminCT

Itll take you just a few minutes to see and learn how to select signals and subscribe to them, how to analyze trading performance and evaluate the effectiveness of copied trades.
Were certain that these videos will make your work on Forex more convenient and profitable.
A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Best Broker / Forex Trading India Award for NordFX
« Reply #68 on: March 27, 2015, 05:02:48 PM »
On 10 March 2015, IAIR Awards held its annual victory ceremony in Hong Kong. NordFX is pleased to have won Best Broker / Forex Trading India.
As the awards accolades put it, For its leadership in making trading in financial markets more comfortable, convenient, effective and easy. Consistently meeting the strictest standards of financial stability and proper handling and providing its clients with new opportunities to secure profits, NordFX represents an excellent partner for a successful trading.
India and Southeast Asia as a whole are one of the major areas of focus for NordFX, and were grateful to market experts and traders for the recognition. This award will only stir us to work more and better for our customers benefit!
A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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NordFX Conquers a New Height a Million Accounts!
« Reply #69 on: March 27, 2015, 05:03:49 PM »
The spring of 2015 has been marked by a milestone event for NordFX the number of trading accounts in the company has reached 1,000,000!
Thousands of new accounts are registered in NordFX monthly as traders from various parts of the world give their preference to the company, choosing its high standards of quality and reliability.
Regardless of the deposit amount, every NordFX customer receives top-level service and access to the most advanced online trading technology and products on financial markets. A wide selection of trading account types, platforms and instruments, innovative autotrading and signal copying services all that's required to make trading for both beginners and the experienced not just convenient but also highly profitable. A short while ago, our customers were granted another fantastic opportunity to build up their capital due to the launch of the platform for trading binary options.
Since day one of its existence, the cohesive NordFX team has been doing its best to meet the demands of even the most sophisticated customers, and were grateful to all who appreciate our efforts and have chosen NordFX as their trustworthy guide around the world of Forex.
Thank you for joining NordFX!
A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Equity Down, Oil Prices Up
« Reply #70 on: March 27, 2015, 08:55:40 PM »
27/03/2015

Oil prices continue to rise due to the military action started by a coalition of countries in Yemen. This, however, had no bearing on equity rates world major indices closed in the red yesterday. 

As such in Europe, the British FTSE 100 dropped 1.37 percent down to 6,895.33 points, the German DAX shed 0.18 percent down to 11,843.68 points, and the French CAC 40 fell 0.29 percent finishing the trading session at 5,006.35 points.

Russias indices also posted a drop the MICEX index declined by 1.08 percent down to 1,581.84 points while the RTS index fell 1.52 percent to 868.62 points.

In the USA, the Dow Jones shed 0.23 percent getting to 17,678.23 points, the S&P 500 dropped 0.24 percent to 2,056.15 points, and the NASDAQ fell 0.27 percent down to 4,863.36 points.

The NYMEX price of futures for WTI oil for May rose by $2.07 and made $51.28 a barrel. On Londons ICE, the price of May futures for oil of mark Brent went up by $2.51 and reached $58.99 a barrel.

On the global Forex market, EUR/USD has come to a halt as expected. At this point, its better to take a break and not enter the market.

Anna Gorenkova
NordFX Analyst

A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Generalized Forex Forecast for 30 March - 3 April 2015
« Reply #71 on: March 31, 2015, 08:56:35 PM »
Generalizing the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, we have to mention that, according to the open hands symbol in the table, more than a third of the analysts are at a loss. However, the remaining experts are much more unanimous in their predictions than before:
- the forecast for EUR/USD remains the same downwards trying to reach 1.0000 at least by the end of April. This week the pair may fall to around 1.0600-1.0750 where it will stabilize for some time;
- almost the same can be expected from the British Pound most analysts predict GBP/USD would fall to 1.4700;
- as for USD/JPY, the forecasts of the analysts and of the indicators are contradictory.  Yet, the pair is very likely to be in a bullish trend and try to conquer 120.50;
- just like last week, the USD/CHF chart may resemble that one of USD/JPY. In any case, all analysts expect USD/CHF to return to 1.0000. However, the forecast for this week is a bit more modest a rise to 0.9750 or somewhat higher to 0.9800.

As for last weeks forecast:
- when predicting EUR/USDs behaviour, we didnt rule out a further short-term upward trend to around 1.0915-1.1040, after which everything was supposed to get back to normal. As expected, the pair quickly went up to 1.1030, entered a sideways trend, remaining strictly in the set bounds, and then predictably returned to the level of the beginning of the week;
- the forecast for GBP/USD was also confirmed the pair stayed in the sideways corridor under bearish influence all week long;
 - the predicted fall of USD/JPY got prolonged, and the pair started to recover its losses only last Thursday managing to rise just to the average level of February by the end of the week;
- a rare event occurred with the USD/CHF weekly chart basically repeating the USD/JPY chart, which overall matches the first scenario we suggested at first the pair moves strictly downwards and then strictly upwards. With this, the upward movement doesnt look too convincing so far and needs to be upheld this week.

Roman Butko, NordFX


A good place to start from is where you are. Murphy's Law

Offline Julia NordFX

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Euro Falls, Indices Go Up
« Reply #72 on: March 31, 2015, 09:00:00 PM »
31.03.2015  07:00 GMT

Yesterday the worlds equity markets closed on the rise. In Europe, Britains FTSE 100 grew 0.53 percent up to 6,891.43 points, Germanys DAX advanced 1.83 percent up to 12,086.01 points, and Frances CAC 40 gained 0.98 percent up to 5,083.52 points.

On Russias floors, the MICEX index shot up by 2.52 percent making 1,611.22 points, and the RTS index advanced 2.5 percent up to 877.85 points.

In the USA, the Dow Jones grew 1.49 percent up to 17,976.31 points, the S&P 500 added 1.22 percent reaching 2,086.24 points, and the NASDAQ gained 1.15 percent up to 4,947.44 points.

Oil prices, however, continued to decline yesterday. The NYMEX price of WTI oil futures for May dropped by $0.19 and got to $48.68 a barrel. On Londons ICE, the price of Brent oil futures for May delivery fell by $0.12 and reached $56.29 a barrel.

On the Forex market, EUR/USD went down a little. Now the pair has quite a decent range for correction: 1.05-1.0960. The current decrease may extend to 1.0640.

Anna Gorenkova
NordFX Analyst

A good place to start from is where you are. Murphy's Law

Offline peleus

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Re: NordFX - questions, comments, etc.
« Reply #73 on: April 30, 2015, 01:36:05 PM »
Looking ahead to try a micro account here. Wishing myself some luck!

Offline Julia NordFX

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Re: NordFX - questions, comments, etc.
« Reply #74 on: May 04, 2015, 04:48:26 PM »
Generalized Forex Forecast for 4-8 May 2015

First, a few words regarding last weeks forecast:
- the forecast for EUR/USD was fulfilled by exactly 50%. As promised, at the start of the week the pair strived to the top boundary of the corridor, which was defined by the highs of March and April. However, after that, instead of rebounding and going downwards, the pair rushed further upwards and reached the level of February;
- GBP/USD was much more docile it was rising for the first few days of the week but towards the end, as predicted, it rapidly rolled downwards and finished the five days where it had taken off; 
- USD/JPY was predicted to continue its sideways trend and rise to around 120.80-122.00, which happened with 100% accuracy. The pairs sideways movement with a 120.28 high is clearly seen on the H4 and D1 charts;
- on the contrary, the analysts forecast for USD/CHF turned out to be 100% inaccurate. The pair was expected to mirror the movements of EUR/USD and it did. Precisely due to this, USD/CHF went downwards, reaching the level of February just like EUR/USD. 
***

Now about the forecast for the coming week. Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, it can be suggested that:
- the EUR/USD pair will be in a sideways trend with fluctuations in the range of 1.1100-1.1430, although the pair may fall to 1.0800, returning to the low of last week;
- the majority of the analysts think that GBP/USD will also be in a sideways trend in the boundaries from 1.5000 to 1.5300. This forecast is supported by the discordance in the indicator readings;
- like last week, most of the analysts and 82% of the indicators presume that USD/JPY will try to consolidate in the range of 120.00-122.00, the high for the coming five days being at 121.50. On the other hand, 8% of the analysts predict a sharp rebound downwards and a fall to the level of 117.00;
- finally, USD/CHF is most likely to take after EUR/USD, same as last week. If the latter moves downwards, USD/CHF, mirroring EUR/USD, will go upwards to 0.9500. With this, if you calculate the mean maximum and minimum based on all the forecasts, the pair should finish the next week exactly at the same level it had started, i.e. at 0.9335.
Roman Butko, NordFX
A good place to start from is where you are. Murphy's Law

 

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