User Name: Password:      Register - Lost password?
FOREX Forum

Forex Forum     ← Back to Forums


Sort Order: Latest Post on Top - Latest Post Last            Post Reply

Amsterdam NordFX  14:53:23 GMT - 01/01/2017  
First, a review of last week’s forecast:
– We know that "thin" market and low liquidity in the pre New Year's week can work wonders. For the first half of the week the EUR/USD pair, as expected, remained in a slow sideways trend. Then on Wednesday, it slumped 100 points. On Thursday it played back what it lost. Then, the beginning of the Asian session on Friday presented the traders a "New Year" surprise - in just one hour, for no apparent reason, the pair made a sharp leap upwards and hit 1.0655, after which it returned to the levels of support of the second half of November;
–The forecast for GBP/USD predicted the pair's movement in the side channel in the range of 1.2215-1.2325. 1.2375 was identified as the week's high. In general, this forecast proved to be correct - for the whole week the pair oscillated in the range 1.2200-1.2305, and on Friday, breaking through the upper boundary of the corridor, it reached the height of 1.2385;
– For USD/JPY, graphical analysis on D1 anticipated the movement of the pair in the channel 116.50-119.00, whilst H4 suggested the channel 115.50-117.50. It turned out that the first was right in determining the local minimum - 116.30, and the latter was right regarding the maximum - 117.80;
– USD/CHF. Here, 75% of experts, supported by indicators H4 and D1 and technical analysis on the daily time frame, voted for the pair to grow to the 1.0300-1.0400 area. By the middle of the week, it actually did rise to the height of 1.0320. The remaining 25% of experts expected a decline of the pair to the December low at 1.0000, and on Friday, mirror copying the behaviour of EUR/USD, the pair rushed down, reaching the bottom at the level of 1.0059.
***
Forecast for the upcoming week:
Summing up the opinions of a number of analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:

– The consensus of analysts in the first week of the New Year can be called unique - 100% voted for the fall of the EUR/USD and its return to the zone 1.0350-1.04800, Pivot Point at 1.0430. Graphical analysis and oscillators on the D1 agree with such a forecast, indicating that the pair is overbought. As for the graphical analysis on H4, it does not rule out that prior to falling, the pair may attempt to re-test the 1.0655 high of December 30;
– In the case of GBP/USD, most experts (75%) also expect the movement of the pair southwards - to the October lows in the 1.2080 zone. Indicators and graphical analysis on D1 agree with this version as well. But as for a shorter time frame, H4, the picture is diametrically opposite - in the short term technical analysis points to a possible growth of the pair to the resistance 1.2380 and further - to a height of 1.2500;
– USD/JPY. The vast majority of indicators (70%) have taken a neutral position. Readings of graphical analysis on H4 can be called neutral as well, they point to a sideways trend in the range of 116.00-118.65 with a predominance of bullish sentiment. 80% of analysts are also on the bulls' side. An alternative view is represented by graphical analysis on D1. According to its readings, the pair must first go down to the 114.75 support and only then rush to the height of 118.65. In case of breaking down, the next support level is at 113.10;
– Most likely, next week the USD/CHF pair will continue to mirror the movement of EUR/USD. That is why 100% of experts predict it to rise to the 1.0220-1.0320 area. As for technical analysis, as it often happens, the indicators on H4 and D1 have occupied opposite positions. Whilst analysis on D1 supports the analysts, on H4, oscillators, trend indicators as well as graphical analysis indicate the pair's drive toward the 1.0000 mark.
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.
#forex #forex_forecast #eurusd #signals_forex #binary_options
http://nordfx.com/






Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105