JuliaFX

JuliaFX

First, about the forecast for the previous week: Tthe forecast for USD/CHF by graphical analysis and 40% of the analysts turned out to be totally correct. The pair continued to move upward to 0.9967, took a break and went down to support at 0.9890. Forecast for Coming Week Summarizing the views of several dozen analysts from world leading banks and broker...

JuliaFX

First, about the forecast for the previous week: After the crash that started 1 February, the experts hoped that USD/JPY would rebound at least to 115.60 but it couldn’t even reach 115.00. The pair froze at 114.87 for half an hour and moved down again, finishing the week even lower than at the beginning of the week – around 112.55. Forecast for Coming Week...

JuliaFX

First, about the forecast for the previous week: The GBP/USD pair’s drop was greater than expected. After breaking through support at 1.4365, the pair fell to 1.4245 and entered a 1.4245-1.4395 sideways channel with a 1.4310 pivot point. Forecast for Coming Week Summarizing the views of several dozen analysts from world leading banks and broker companies as...

JuliaFX

First, about the forecast for the previous week: As for EUR/USD, 35% of the analysts and graphical analysis on H1 and H4 were correct in their forecast that the pair would fall in the last five workdays. As predicted, the pair reached the first support at 1.1150 and then tried to reach the second support at 1.1030 but halfway through it reversed and finished the...

JuliaFX

First, about last week’s forecast: The analysts were at a loss regarding USD/CHF. The indications of graphical analysis were only partially correct. As expected, at the beginning of the week the pair approached 0.9980, then went down and quickly reached support at 0.9800. After that, instead of rebounding, USD/CHF moved further down, touched the bottom at 0.9660...

JuliaFX

First, about last week’s forecast: It appeared impossible to make an intelligible prediction for USD/JPY as the experts’ opinions were split almost equally. In fact, the indicators and those who foresaw a further spectacular nosedive proved right. In two weeks, the pair plunged from 121.70 to the bottom of 111.00, i.e. by over 1,000 points, and reached the level...

JuliaFX

First, about last week’s forecast: The forecast for GBP/USD was that the pair would be moving in a 1.4400-1.4545 horizontal channel all week long. That actually happened – the pair stayed between 1.4380 support and 1.4560 resistance for all five days. Forecast for Coming Week Summarizing the views of several dozen analysts from leading banks and broker...

JuliaFX

First, about last week’s forecast: The forecast for EUR/USD panned out 100% – the pair remained in a sideways trend until mid-week, then, after Fed Chairwoman Janet Yellen’s speech, it broke through resistance at 1.1250 and rose to 1.1350. On achieving this, the pair reverted to 1.1250, turning it into support. Forecast for Coming Week Summarizing the views of...

JuliaFX

First, a review of last week’s forecast: Graphical analysis on D1 insisted that USD/CHF should go down to support at 0.9920, and it did, mirroring EUR/USD’s movement. Forecast for Upcoming 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...

JuliaFX

First, a review of last week’s forecast: After the Bank of Japan introduced a negative interest rate policy, most experts were at a loss. Only one analyst believed that USD/JPY would return to the main support of January – 116.50, which happened, thanks to Federal Reserve official W. Dudley’s expressed doubts about the Federal Reserve raising interest rates in...

JuliaFX

First, a review of last week’s forecast: Federal Reserve official W. Dudley’s doubtful remarks about the Fed raising interest rates in 2016 helped the 50% of the experts who, backed by graphical analysis on D1, reckoned that GBP/USD would continue to move up to 1.4630. The pair reached this level on Wednesday and, as expected, went down, finishing the week...

JuliaFX

First, a review of last week’s forecast: Initially everything was going according to plan for EUR/USD – it rebounded to resistance at 1.0990 but then, instead of reversing and going down, it soared up to the values of last September-October. The reason for that was simply comments by US Federal Reserve official William Dudley who expressed doubts about the...

JuliaFX

First, about last week’s predictions: Two weeks ago, the immediate target for USD/CHF was a rise to 1.0250. Last week, graphical analysis lowered it to 1.0210, which it shouldn’t have done as the pair easily reached 1.0255 on Friday, countering the rush to change forecasts. Forecast for Coming Week Summing up the views of scores of analysts from world leading...

JuliaFX

First, about last week’s predictions: There are times when all forecasts, including alternative ones, prove incorrect. This is what happened when the Bank of Japan unexpectedly introduced a negative interest rate policy for the first time, which resulted in the yen’s fall against all 16 major currencies. The USD/JPY pair needed just 1 day (29 January) to return...

JuliaFX

First, about last week’s predictions: A third of the experts talked about GBP/USD’s rise to 1.4550 while another third supported a transition into a sideways trend in a 1.4120-1.4330 range. The weekly chart shows that both groups were right as the pair stayed in this corridor all five days, occasionally attempting to break its upper boundary and reach the target...

JuliaFX

First, about last week’s predictions: EUR/USD once again proved that the majority opinion may be wrong. The pair’s bullish sentiment was supported by only 25% of the experts and graphical analysis on D1 but it is they who turned out to be right – straight from the market opening, the pair went up sharply and then, as predicted, plunged as sharply almost to the...

JuliaFX

First, a review of last week’s forecast: There was no consensus about USD/CHF. The forecast by graphical analysis on H1 turned out to be more or less correct with some approximation – a rise to 1.01125 (the pair went up to 1.00825) and then a return to 1.0020 (the pair stopped at 1.0000). As for larger timeframes, graphical analysis on D1 had forecast quite a...

JuliaFX

First, a review of last week’s forecast: The forecast for USD/JPY had consisted of two stages – first, a rise to 117.40-118.00 and then a drop to support at 116.00. That transpired to a tee – on Tuesday, the pair reached resistance at 118.10, rebounded from it and got to the low of 116.00 on Wednesday. The forecast had indicated that this cycle would take all...