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Forecast for 18-22 January 2016For starters, a review of last week’s forecast: The forecast for EUR/USD panned out almost fully – according to the experts and graphical analysis on H1, the pair was supposed to be in a sideways trend, rebound from the upper boundary of the channel early in the week, then drop and return to the upper boundary. Forecast for Coming Week Summing up the views of several dozen 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 said: Regarding EUR/USD, 75% of the indicators vote for the pair’s rise while most exerts support bearish sentiment. In line with the latter, graphical analysis on D1 draws a further downward tunnel and indicates that in the first half of the week, the pair will go down to the lower boundary of 1.0650 and then bounce off to the upper boundary at 1.0900. At the same time, a look further down the tunnel shows that it finishes at last year’s low of 1.0450. The pair may reach this level already by the end of this month. Roman Butko, NordFX
by JuliaFX
Forecast for 11-15 January 2016First, about the forecast for the past week: The prediction for USD/CHF was 100% correct in regards to the trend direction. The pair was supposed to rise to 1.0700 at the start of the week and then return to the 0.9850 support level. However, developments on stock markets sharply increased the pair’s volatility, and, as a result, it was able to get up to 1.0123 and then went down to support at 0.9923. Forecast for the coming week. Summarizing the views of several dozen 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 put forward: The scenario of the second half of December may replay for USD/CHF. At least, it’s echoed by the analysts as well as the indicators and graphical analysis on D1. According to this forecast, the pair will be fluctuating within a wide range from 0.9800 to 1.0100. In the short run, graphical analysis on H4 expects the pair to rebound from support at 0.9920 and move to resistance at 1.0015, after which the pair should go down again, bounce off the said support level and try to break through resistance in an effort to reach 1.0050. Roman Butko, NordFX
by JuliaFX
Forecast for 11-15 January 2016First, about the forecast for the past week: The forecast for USD/JPY turned out correct only in terms of the trend direction. Both indicators and graphical analysis implied some advantage for the bears but no one expected that it would be so big – instead of the expected 70-100 points, the dollar lost all 300 points. Forecast for the coming week. Summarizing the views of several dozen 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 put forward: According to the analysts and the readings of graphical analysis, the USD/JPY pair has hit its local low and is expected to enter a sideways trend in a 117.20-119.50 range. The pivot point will be at 117.90, and, in line with graphical analysis on H4, the pair should rise over this level in the first half of the week and drop to last Friday’s values by the end of the week. Roman Butko, NordFX
by JuliaFX
Forecast for 11-15 January 2016First, about the forecast for the past week: It was assumed that after a certain rise, GBP/USD should reach a low of 1.4555 by mid-January. Nonetheless, this happened a week earlier as the pair arrived there last Friday. Forecast for the coming week. Summarizing the views of several dozen 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 put forward: It’s quite clear that all indicators point downward for GBP/USD. However, graphical analysis on all timeframes and most experts agree that the pair has already reached its local bottom and will be oscillating around a 1.4500 pivot point during the week. The main support is at 1.4450, resistance – 1.4600. Roman Butko, NordFX
by JuliaFX
Forecast for 11-15 January 2016First, about the forecast for the past week: The forecast for EUR/USD was fully implemented during the first half of the week. According to graphical analysis, the pair first rose to resistance at 1.0900 and then went down, losing 200 points quite quickly. After that, considering the situation on stock markets, the pair returned to 1.0925, recovering the same 200 points. Forecast for the coming week. Summarizing the views of several dozen 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 put forward: On their return from holidays, the analysts predict a sideways trend for EUR/USD in a 1.0750-1.1000 range. Graphical analysis on H1 agrees with this, predicting first a rebound from the upper boundary, a drop and again a return to the upper levels of the range. On larger timeframes, graphical analysis of D1 and 67% of the indicators on W1 continue to insist on the pair's drop at least to around 1.0450-1.0515 within 10-14 days. Roman Butko, NordFX
by JuliaFX
Forecast for 4-8 January 2016First, a review of last week’s forecast: Graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%. For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :) Forecast for the upcoming week: All indicators point upwards for USD/CHF. Graphical analysis predicts the pair will rise to 1.0700 at the start of the week and then return to the 0.9850 support level. Roman Butko, NordFX
by JuliaFX
Forecast for 4-8 January 2016First, a review of last week’s forecast: The forecast for USD/JPY was multiple fluctuations in the range of 120.25-121.45. It did transpire, although the oscillations were not as large as expected – the pair bounced off the said support range a few times but never managed to get over 120.65. For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :) Forecast for the upcoming week: For USD/JPY, both indicators and graphical analysis on H4 imply some advantage for the bears. According to their readings, the pair will continue to move down but insignificantly – to support at 119.70. The main resistance will be 120.40. Roman Butko, NordFX
by JuliaFX
Forecast for 4-8 January 2016First, a review of last week’s forecast: There were differing opinions about GBP/USD. With that, 50% of the indicators on H4 and 83% of the indicators and graphical analysis on D1 claimed that 1.4930 would be too strong of resistance and the pair would go down to support at 1.4740. This forecast also proved 100% correct – GBP/USD went down at once and saw in the new year at 1.4733. For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :) Forecast for the upcoming week: Graphical analysis on all timeframes indicates that early in the week GBP/USD should rise to 1.4800 and then by another 100-150 points. After this, the pair will move downward to last April’s low of 1.4555. However, this fall is not expected until mid-January. Roman Butko, NordFX
by JuliaFX
Forecast for 4-8 January 2016First, a review of last week’s forecast: Despite the differences between the indicators and graphical analysis, it was suggested that EUR/USD would hold out in the range between 1.1000 and 1.0800 until the very end of 2015. The forecast panned out as the pair rose to 1.0990 on Monday and dropped to 1.0850 on 31 December 2015. For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :) Forecast for the upcoming week: 90% of the indicators on H4 and D1 and graphical analysis on the daily interval confidently show that EUR/USD will continue to fall to support at 1.0515 or somewhat further to the March low of 1.0450. At the same time, graphical analysis on H1 warns that before starting the fall, the pair can briefly rise to resistance at 1.0900. Roman Butko, NordFX
by JuliaFX
Forecast for 28-31 December 2015First, a review of last week’s predictions: - the USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900. Forecast for the Coming Week It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being. According to graphical analysis, 0.9850 will become support for USD/CHF. The pair will move up from there – first to 1.0000 and then to its main target of 1.0100, turning 1.0000 into support. The indicators differ here, though – all of them on H4 and 67% on D1 vote for USD/CHF’s fall. If the pair drops below the support level of 0.9850, it will hit the bottom around 0.9800 very quickly. Roman Butko, NordFX
by JuliaFX
Forecast for 28-31 December 2015First, a review of last week’s predictions: The USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900. Forecast for the Coming Week It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being. All indicators point downward for USD/JPY. However, graphical analysis on H1, H4 and D1 indicates that the pair will try to recover last week’s losses – first, it will return to resistance at 121.15, then rebound to support at 120.25 and again go up to 121.45. Roman Butko, NordFX
by JuliaFX
Forecast for 28-31 December 2015First, a review of last week’s predictions: the analysts were right saying that GBP/USD would enter a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point and bearish sentiment at the beginning of the week. The forecast panned out – a brief clash between the bears and the bulls around the pivot point was decisively won by the former, and the pair crashed by 100 points. However, it quickly returned to the pivot point and rose even higher – to the top boundary of the said corridor. Forecast for the Coming Week It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being. Graphical analysis and 50% of the indicators on H4 as well as 17% of the indicators on D1 point to GBP/USD’s rise to resistance at 1.5040. The rest of the indicators and graphical analysis on D1 claim that the pair will go down to support at 1.4740 with strong resistance at 1.4930. As the week starts precisely from this level, it should be clearer on Monday which of the trends will prevail in the coming days. Roman Butko, NordFX
by JuliaFX
Forecast for 28-31 December 2015First, a review of last week’s predictions: Graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair saw Christmas at 1.0950 resistance. Forecast for the Coming Week It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and technical analysis for the time being. For EUR/USD, all indicators on H4 and 72% of them on D1 point strictly upward. The remaining indicators and graphical analysis, supported by the bears, persistently push the pair down. The end of the week will show which scenario is right. However, the pair is quite likely to stay within 1.0800-1.1000 till the end of 2015. Roman Butko, NordFX
by JuliaFX
Forecast for 21-25 December 2015First, a review of last week’s forecast: There were varied opinions regarding USD/CHF again – some experts and indicators voted for a rise while others for a fall. The pair did just that – first, it went up a little, then dropped, then rose again and ended up 100 points higher in one week, although it doesn’t qualify yet as a full-on upward reversal. Forecast for the upcoming week. Summarizing the opinions of 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 put forward: The general forecast for USD/CHF remains the same – back to around 1.0000. The experts, the indicators on D1 and graphical analysis agree with this. The immediate target is resistance at 1.0100. The next resistance is around 1.0150, support remains at 0.9800. Roman Butko, NordFX
by JuliaFX
Forecast for 21-25 December 2015First, a review of last week’s forecast: The analysts were right about USD/JPY. In their opinion, the level of 120.00 was supposed to become very strong support, pushing off which the pair was to surge to resistance at 122.20 and then to 123.20. The latter level was reached on Friday thanks to the Bank of Japan's decision about its interest rate. Forecast for the upcoming week. Summarizing the opinions of 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 put forward: The experts and graphical analysis on H4 reckon that USD/JPY will move sideways within 120.30-122.20. At the same time, the indicators on H4 and D1 point to the bears’ upper hand and insist that the pair won’t be able to break even the first resistance at 121.70. Roman Butko, NordFX
by JuliaFX
Forecast for 21-25 December 2015First, a review of last week’s forecast: The experts suggested that GBP/USD would be moving in a sideways channel of 1.4900-1.5250. It did happen – the pair pushed off the top boundary of the channel on Monday, went down decisively and came to a standstill at the bottom boundary of 1.4893 Friday night. Forecast for the upcoming week. Summarizing the opinions of 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 put forward: All indicators clearly point downward for GBP/USD. Being aware of the upcoming Christmas holidays unlike the indicators, the analysts predict the pair will transition into a sideways trend in the range of 1.4680-1.5000 with a 1.4890 pivot point. Graphical analysis on D1 supports them and indicates further bearish sentiment. Roman Butko, NordFX
by JuliaFX
Forecast for 21-25 December 2015First, a review of last week’s forecast: The scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher. Forecast for the upcoming week. Summarizing the opinions of 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 put forward: Most experts, with the indicators staying neutral, continue to insist on EUR/USD’s return to the values of the second half of November. At the same time, graphical analysis on H4 elaborates that the pair may first try to break resistance at 1.0900 but after one or two unsuccessful attempts it will go down to support at 1.0700. The next support is 100 points lower. Roman Butko, NordFX
by JuliaFX
Forex Forecast for 14-18 December 2015First, a review of the forecast for the past week: The USD/JPY pair defied the majority opinion, which doesn’t always prove right. The analysts and all tools of technical and graphical analysis had almost unanimously predicted sideways movement for the pair. However, the pair started to fall mid-week, broke through the 122.20 support on Wednesday and reached the low of 120.57 on Friday. Forecast for the coming week. Summing up the opinions of several dozen 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: When drawing USD/JPY’s future movement, all indicators point downwards. Most analysts believe that 120.00 will be a very strong support level, bouncing off which the pair will go to resistance at 122.20 and possibly even higher to 123.20. All forecasts may be subject to change as important economic data are released in the middle of the coming week. Roman Butko, NordFX
by JuliaFX
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Forex Forecast for 14-18 December 2015First, a review of the forecast for the past week: The GBP/USD pair was predicted to go up to around 1.5200-1.5270. At the same time, graphical analysis pointed out that before rising, the pair might fall to support at 1.5055. In fact, GBP/USD first dropped to 1.4957, which is lower than expected, then it went up as predicted and finished the week at 1.5228. Forecast for the coming week. Summing up the opinions of several dozen 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: 80% of the experts believe that GBP/USD will be moving in the side channel within 1.4900-1.5250 with the pivot point at 1.5000. However, most indicators and graphical analysis on H4 and D1 disagree. According to their forecast, the pair will move in two waves, first reaching 1.5440 (followed by a roll down to 1.5300) and then 1.5500. Considering upcoming Christmas holidays, the end of the second wave can be expected in January. All forecasts may be subject to change as important economic data are released in the middle of the coming week. Roman Butko, NordFX
by JuliaFX
Forex Forecast for 14-18 December 2015First, a review of the forecast for the past week: The publication of the last forecast for EUR/USD (a further rise and reaching 1.1000-1.1100) made skeptics say that couldn’t be right. Apparently, it could just as well. Already on Thursday, the pair got up to 1.1042 and reached 1.1030 next day, thus ‘scoring a brace’ in football terms. Forecast for the coming week. Summing up the opinions of several dozen 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: Most indicators, graphical analysis on H1 and 34% of the experts vote for EUR/USD to continue its upward trend to 1.1100. This is disputed by 66% of the experts, 25% of the indicators on D1 and graphical analysis on H4. They believe that the pair will move sideways for some time, push off resistance at 1.1000, then break through support at 1.0900 and return to the values of the end of November. The first support is 1.0700, the next one is 100 points lower. All forecasts may be subject to change as important economic data are released in the middle of the coming week. Roman Butko, NordFX
by JuliaFX
Forex Forecast for 14-18 December 2015First, a review of the forecast for the past week: There was no clarity about USD/CHF. One of the scenarios was a fall to support around 0.9765. The pair did go down but stalled at 0.9800 without hitting the said bottom level. Forecast for the coming week. Summing up the opinions of several dozen 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: All indicators on H4 show a fall for USD/CHF but on larger timeframes (D1 and W1) two-thirds of the indicators already point upward. As for the analysts, 30% reckon that USD/CHF hasn’t yet reached the bottom of 0.9650-0.9675. At the same time, 87% of the analysts agree that in the longer term, the pair should return to values above 1.0000. Thus, graphical analysis on D1 gives the pair two weeks to make it to 1.0250, with adjustments for the holiday season. All forecasts may be subject to change as important economic data are released in the middle of the coming week. Roman Butko, NordFX
by JuliaFX