Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Thursday, 20 February 03:09 (GMT -05:00)

Foreign exchange market

Forex and Cryptocurrency Forecasts for mid-January 2019

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. The forecast is actual for the period of January 13th through 17th, 2020. As a result, we get the following picture:
- EUR/USD. The currency pair has been moving within the scope of a bullish sloping channel since the ned of November 2019. Having reached another local high at 1.1240 on December 31st, 2019, the price changed the direction. According to 60% of the experts participating in the consensus forecast, the currency pair will not get back into the sloping channel in the near future. The thing is that the American currency is likely to continue strengthening, which is why they expect the currency pair to move all the way down to 1.1040-1.1065. The next target is 1.1000. It seems that the charting-based forecast made on H4, backed by 70% of the trending indicators on D1.
The remaining 40% of the experts assume that the currency pair is not going to be able to break the 1.1100 threshold, and is likely to move back at least to the central line of the sloping channel around 1.1240. The macroeconomic indicators expected to come out within the next few days are unlikely to change the situation drastically since the situation is now heavily influenced by the situation around Iran.
- GBP/USD. The Brexit is coming to an end, which means the UK and the EU are going to say good bye to each other soon. According to Bloomberg, the UK's annual GDP is likely to drop from 2% down to 1%. Better yet, the UK will have to spend quite a lot fo time to recover its GDP growth. It's very likely that the British Pound is going to continue its movement with the horizontal range of 1.2900-1.3200 with the Pivot Point in the 1.3000-1.3050 area.
60% of the experts expect the currency pair to move close to the lower boundary of the channel, around the following levels of support: 1.3010, 1.2970, and 1.2900. This forecast is backed by 85% of H4 and D1 indicators. Coupled with the charting analysis of D1, 40% of the experts count on a rebound followed by a rally all the way up to the channel's Pivot Point.
- USD/JPY. Last week, the currency pair reached the upper boundary of the mid-term horizontal channel of 108.40-109.70. 75% of the oscillators and 85% of the trending indicators are painted green. However, only 25% of the experts expect the currency pair to grow up to 110.70. According to most (75%) experts, the currency pair is likely to go down. The currency pair is overbought. The current levels of support are located at 109.20, 108.75, and 108.40. They say. however, that reaching last week's lows around 107.65-107.75 is unlikely.
- Cryptocurrencies. The international community has been discussing the rumors that 70% of BTC coins are stored on frozen accounts. Most of the investors buy and hold. Chances are, most of them are waiting for BTC to hit 1 million dollars per coin, which is predicted to happen in 2040. Last weeks high and lows prove that BTC/USD has come to a new range - 7,765-8,450 dollars per coin. At the same time, 70% of the experts predict a move down to 7,000-7,500 dollars per coin.


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Dollar Grows Versus Euro. BTC Is At $9000. Trump And His 'Deal Of The Century'.

It seems that the Chinese coronavirus is gradually becoming the biggest driver in financial markets. At the same time, Donald Trump has recently announced another version of his peace plan for the Middle East. If this agreement manifests itself, then you may expect major changes in exchange rates.

Publication date: 05 February 12:51 AM

Forex and Cryptocurrency Predictions by NordFX. January 27th-31st, 2020.

Right before the start of the last last trading week of January, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is January 27th-31st. So, this is what those predictions look like:
Publication date: 26 January 12:18 PM

Bitcoin, Gold, and Crude Oil. Cryptocurrencies' Place Among Conventional Assets.

Can Bitcoin be called a safe-haven asset? This cryptocurrency is called the new gold or the digital gold, but many investors are really skeptical about these statements.

Publication date: 26 January 06:08 AM

EUR/USD Waiting For Events

The year of 2019 is almost over. So, what are the expert predictions for the forthcoming trading week? NordFX has come up with another set of market forecasts for December 16th-20th. So, without further ado, let's go ahead and take a closer look at them.

Publication date: 15 December 04:50 AM

Best Cryptocurrency Brokers Are Named

There's no denial the fact that cryptocurrencies are getting more and more popular these days. Apparently, the need for cryptocurrency exchanges is growing with them. With that being said, international experts have tested dozens of cryptocurrency exchanges to come up with a rating.

Publication date: 29 November 11:45 PM

Forex Treasure by Alpari: 20% on Deposit

These days, you cannot make a decent amount of money by simply depositing your money into a bank account and waiting for the interest to be credited to your account at the end of the investment period. When it comes to the dollar and other foreign currencies, international banks usually offer single-digit interest rates, somewhere around 3% or so. Some national banks had to introduce negative interest rates, which made depositing unprofitable right off the bat.

Publication date: 29 November 12:51 AM

Bitcoin Futures Are Now Traded On NYSE

The world's biggest stock exchange, which is the New York Stock Exchange (NYSE), is reported to have started offering Bitcoin futures.

Publication date: 27 October 09:51 AM

"Forex Is A Scam" and Other Popular Myths About Forex

Almost each and every beginning forex trader who lost their money while trading forex thinks they have been scammed for money. Very few of them can actually face the truth and take a look at the situation at a different angle. Strange as it may seem, But such traders eventually succeed in financial markets and get rich trading them. Well, if you think for a while, that becomes quite obvious because such people aren't afraid of analysing the negative situation and drawing the right conclusions to avoid repeating those costly mistakes in the future. Those who learn from their own mistakes instead of repeating them over and over again, can eventually succeed in this business.

Publication date: 24 October 09:37 AM

Bitcoin Will Crash To $3000 Per Coin

In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.

Publication date: 21 October 10:04 AM

Pound Will Drive Forex This Week

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. As a result, we get the following picture:
Publication date: 21 October 12:15 AM