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Generalized Forex Forecast for2-6 February 2015



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 pair’s 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 week’s 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

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By opening a ZuluTrade account in NordFX the client gets a unique opportunity to trade on the Forex market and use the know-how of the best traders – market specialists.

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  • $50/€50 minimum deposit;
  • 37 currency pairs, gold, silver;
  • Spreads from 1 pip;
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  • Credit leverage up to 1:200;**
  • Minimal lot 0.01;
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I have been trading with NordFX since 2009 till today and never have faced any trouble. Their support service and platforms are very reliable and good. Most traders care about the withdrawal, which I found they are very fast, platform is accurate and fast, that’s the reason I love NordFX for forex trading services. We highly recommended NordFX for you.

That's right, NordFX Good broker for newbie and professionals, Excellent Broker and have excellent service, Excellent conditions for scalping, fast withdrawal and Deposit. As long as trade in NordFX all of the service is the best for me.
 
Trading Platform Features NordFX

The following trading platforms are available on Nord FX:

  1. MetaTrader 4: The MT4 platform is available on NordFX and can be used on desktops, iPhones, iPads, and Android devices. There is also the MT-ECN bridge where the price quotes are delivered from the Currenex ECN platform and sent to the MT4 for the use of traders.
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NordFX now open an opportunity to Deposit and Withdrawal in Indonesian Rupiah (IDR). This give Indonesian traders more easy for Local Deposit with NordFX and FasaPay.



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• Open a FasaPay account
• Make a deposit into your FasaPay account
• Fund your trading account via FasaPay in the NordFX Trader’s Cabinet
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NordFX provides a wide selection of deposit methods that help facilitate the client to make a deposit . Payment Method FasaPay with very helpful clients because it can deposit via IDR and USD. The deposit process is very fast and easy.
 
Generalized Forex Forecast for 9-13 February 2015



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, the following can be predicted :
  • the EUR/USD pair can expect fluctuations around the level of 1.1325 this week while at the beginning of the week it may fall to 1.1185-1.1200, then rise and move to 1.1550;
  • a similar scenario is possible for GBP/USD. The pair will be aiming to secure itself around 1.5200 but at the start of the week a short-term fall to 1.5015 is not excluded, with a subsequent rise and transition to the range of 1.5200-1.5400;
  • USD/JPY is very likely to reach 119.00 and advance towards the next target of 120.00, to be followed by a pullback to the support level of 117.00;
  • the USD/CHF pair is predicted to continue its sideways trend, with prevailing bullish tendencies and a desire to win back its Black Thursday losses. The closest target is 0.9400.

Regarding last week’s forecast :
  • EUR/USD almost fully met our expectations. To recap, the opinions of the analysts were evenly split 3 ways: a third was for a rise, a third – for a fall and a third – for a sideways trend. The EUR/USD chart actually shows that all week long the pair was either up or down, finishing at the level where it had started;
  • at the start of the week, GBP/USD began to succumb to the predicted bearish pressure but then the strengthened bulls launched the pair way up, which resulted in GBP/USD breaking through the key level of this year – 1.5200;
  • the forecast for USD/JPY was confirmed 100% – first, the pair was in a sideways trend and then surged upwards on Friday. As a result, on the news from the USA, the pair reached the coveted mark of 119.00;
  • there were no surprises with the USD/CHF pair either. As predicted, it got to the level of last September and then took a break by going into a sideways trend.


Roman Butko, NordFX
 
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Enjoy the freedom of true Scalping and also reliability Server that never Requote with NordFX.

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