Heroes of Ukraine

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

Saturday, 16 February 19:17 (GMT -05:00)

Foreign exchange market

NordFX Names Key Events for Forex and Cryptocurrency Markets

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is January 14-18, 2019.
EURUSD. To start with, the experts remind us that the cost of the common European currency depends heavily on crude oil and metal prices, which are commodities. It should be noted that the current state of affairs in the commodity market is in favor of the bulls, especially in the energy sector. The thing is that the OPEC is planning to get rid of the excessive oil supplies in the global market of crude oil. If that's the case, we are likely to see the prices grow, which in its turn, will definitely help the common European currency to strengthen its position against the U.S. Dollar. In the meantime, the Fed is repored to have decided to take a break from raining the interest rates. This makes some investors conerned. 
As a result, around 65% of the analysts participating in the consensus forecast, backed by 90% of oscillators and 70% of trending indicators on timeframe D1, vote for an uptrend. They assume the currency pair may rise all the way up to 1.1500, and further up to 1.1625.


At the same time, there are experts who expect the dollar to strengthen. In particular, they expect the currency pair to move back into the 1.1300-1.1500 price range to stay there for a long time. That's why they expect EURUSD to move down to 1.1400 first and fall another 100 points down afterwards. 
GBPUSD. Most indicators applied to GBPUSD are now green. At the same time, around 10% of the D1 oscillators indicate that the market is oversold right now. The graphical analysis of the D1 timeframe indicates the likelihood of the currency pair going down to 1.2600. As for the experts, the votes are split almost equally between the bull s and the bears, with the former having a slight edge over the latter.
At the same time, we should keep in mind several major events that may affect the situation. In particular, the British parliament is to decide on the Brexit. The voting is scheduled for January, 15. Chances are, the parliamentarians will reject the draft agreement put forward by Theresa May. If that's the case, London will have to ask for another timeout in the Brexit process. At the same time, it's getting more and more evident that the UK government is not planning to quit the EU the hard way. This assumption alone has been backing a stronger pound. At the same time, higher oil prices are playing against the dollar and therefore supporting the pound. The bottom line is, it's useless to make specific predicting related to the currency pair until the voting results are maked public. When evaluating the situation, the experts only name the key levels of support and resistance. Support: 1.2780, 1.2720, 1.2660, and 1.2600. Resistance – 1.2925 and 1.3050.
USDJPY. The D1 indicators are currently voting in favor of a stringer yen. 65% of the experts share this opinion. They expect the currency pair to move down to 107.50-107.80, with a further plunge to 106.70. On the other hand, low interest rates in Japan have helped the currency pair to strengthen quite a lot so far while following the world's major stock indexes. With that being said, that allows the experts to expect a move to 109.80 and 109.45, with a possible move to 110.25-110.80.
Cryptocurrencies. Despite the fact that the market cap has been going down so far, the average amount of Bitcoin transactions has increased all the way up to 280.000, which is last year's highs. That's why it's useless to go on with the doomsday scenario for Bitcoin, the world's first and biggest cryptocurrency yet. 
At the same time, there is a really high probability of BTC/USD breaking back below 3.700 dollars per coin, with a chance of getting even lower - down to 3.250 dollars per coin. This is the scenario backed by 45% of the experts. the rest of the, think that the currency pair will stay within the 3.685-4.385 range. As for the bullish scenario implying a move up to 5000 dollars per coin, the experts are really cautious about making such predictions, especially for the near future. As for Ethereum, they think that the ETHUSD is likely to go up in value after the forking process resulting in Constantinople. 



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


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

Cryptocurrency Market Will Get Feverish By Mid February 2019

There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.

Publication date: 11 February 10:36 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is February 4-8, 2019.


Publication date: 04 February 11:05 AM

Chinese New Year

Full amount of credited bonuses is available for withdrawal without any restrictions. All bonuses are credited as an additional balance transaction in the account history.

Publication date: 03 February 03:20 AM

Experts on Cryptocurrency Market Prospects

Over the last few years, Bitcoin has dropped in value considerably. International experts are trying to figure out how the market situation may change in the near future.

Publication date: 03 February 02:25 AM

Dollar Will Go Higher, FortFS

Given the current tension present in the international arena these days, more and more market players are closely watching the major currencies' exchange rates. In their analytic forecast, FortFS experts have named a few factors capable of affecting the U.S. Dollar. The exerts say that the index futures indicate a positive start for the American stock market.
Publication date: 20 January 01:42 AM

NordFX Sums Up On 2018 and Makes Predictions About 2019

Summing up and making predictions for the next year has become a good tradition at the end of each year. According to NordFX expert John Gordon, Deutsche Bank summed up on the results of its work in 2018. The actual result turned out to be a loss. In particular, it turned out that around 93% of all the assets owned by the bank have depreciated as opposed to that value in January 2018. This is the worst financial performance in 118 years! 2018 beat even 1920 when 84% of the assets decreased in value.
Publication date: 02 January 04:08 AM

Bitcoin and Euro Will Likely Go Down, NordFX

It's not a secret that currency exchange rate have been playing a key role in our lives for decades. In particular, those exchange rate determine inflation rates, consumer prices, and so much more. What is awaiting the international currency market this trading week?

Publication date: 25 December 09:44 AM

Christmas Fairy Tale by FortFS

FortFS has been now for its promos and bonuses for years. Christmas and New Year are coming. This means that it's time for new pleasant surprises. With that being said, FortFS wants to congratulate all of its existing and future clients and wishes them Merry Christmas and happy New Year. To celebrate together, FortFS has announced a new promo. It's called "CHRISTMAS FAIRY TALE".

Publication date: 18 December 12:52 PM

Bitcoin Will Decline, Dollar Will Grow, NordFX Predicts

Whether we are aware of this or not, currency exchange rates have been affecting our lives for decades. However, more and more retail traders and investors are now getting increasingly interested in financial markets in general and Forex in particular. or the most part, all of those changes in exchange rates are they key factors determining their financial results at the end of the day.
Publication date: 17 December 12:29 PM

Weekly Forex and Crypto Forecast By NordFX. December 10-14, 2018.

The actual value of each and every currency put there is the result of many factors influencing the global market. In their turn, currency exchange rates affect many other processes out there. With that being said, considering a number of opinions expressed by experts can help traders and investors make better decision leading to increased financial performance.
Publication date: 10 December 11:19 AM