December 7, 2019

Forex Forecast and Cryptocurrencies Forecast for December 09 - 13, 2019

First, a review of last week’s events:

EUR/USD. The Euro rose sharply on Monday. This is not to say that no one expected it. 35% of analysts and graphical analysis on H4 and D1 predicted the pair's rise to the height of 1.1100. Some may have decided that the growth is associated with the performance of the new head of the European Central Bank Christine Lagarde. But it is unlikely that this version is correct, since the words of this high-ranking official for the most part did not concern the prospects of monetary policy but were devoted to the prospects of the emergence of the crypto-Euro. Although, the jet of fresh air in the work of the mega-regulator could for sure contribute to the strengthening of the European currency.

more...



November 30, 2019

Forex Forecast and Cryptocurrencies Forecast for December 02 - 06, 2019

First, a review of last week’s events:

EUR/USD. it looks like the thanksgiving celebration in the US started not in Thursday 28 November, but as early as on Monday 25. The last week of autumn was unusually calm, and the volatility did not exceed 40 points until Friday, driving traders into hibernation. Positive data on GDP and production in the US were balanced by the growth of the consumer price index (CPI) in the Eurozone. And even the controversial law on support for democracy and human rights in Hong Kong, signed by President Trump on Thursday, coupled with a sharp reaction to it from Beijing, made little impression on the markets.

more...



November 24, 2019

Forex Forecast and Cryptocurrencies Forecast for November 25 – 29, 2019

First, a review of last week’s events:

EUR/USD. Recall that the previous forecast focused on the uncertainty that has been reigning in the markets recently. At that time, the preponderance of the bulls' supporters over the bears was only 10%. 55% of experts voted for the growth of the European currency, against were 45%. As if responding to such a balance of forces, the pair grew slightly on Monday, November 11 and, reaching the level of 1.0900, moved into a sideways trend. It stayed there until Friday, when, due to weak European statistics (PMI) and the speech of the new Head of the ECB Christine Lagarde, it went down sharply. However, it could not break through the support of 1.1000 and ended the five-day period at 1.1020.

more...



November 16, 2019

Forex Forecast and Cryptocurrencies Forecast for November 18 – 12, 2019

First, a review of last week’s events:

EUR/USD. President Trump is plannng to be re-elected for a second term thanks to the strong growth of American GDP. Major US indices continue to storm historical highs. Futures on the S&P500 rose above 3100. The wave of purchases in the markets was spurred by the optimistic statement of the White House economic adviser Larry Kudlow about the imminent conclusion of a trade deal with China. At the same time, the Financial Times reports that, in fact, the White House is not happy that China is stalling and not offering significant concessions in response to the abolition of tariffs. And Trump himself does not want to cancel them completely.

more...



November 9, 2019

Forex Forecast and Cryptocurrencies Forecast for November 11 – 15, 2019

First, a review of last week’s events:

EUR/USD. On Thursday, November 07, the US markets updated historical highs after reports of the US and China willingness to remove duties as new parts of the Trade Treaty are being signed. Speculators have turned their backs on traditional safe havens such as bonds, yen and gold. The European currency has also become cheaper against the dollar: investors expect the US macroeconomic indicators to improve after the US-China trade war ends. And although it is still a long way to signing a full-fledged agreement, analysts believe that Donald Trump will no longer make any sudden moves ahead of the upcoming US presidential election.

more...



November 2, 2019

Forex Forecast and Cryptocurrencies Forecast for November 04 – 08, 2019

First, a review of last week’s events:

EUR/USD. What was expected did happen: on Wednesday, October 30, the US Federal Reserve lowered the interest rate on the dollar from 2.0% to 1.75%. Naturally, the US currency began to fall, the pair went up, but the movement was quite moderate: the market has long been ready for this decision of the Federal Reserve. As a result, the pair hardly reached the level of 1.1175, returning to the medium-term support/resistance line, which began last March.

more...



October 26, 2019

Forex Forecast and Cryptocurrencies Forecast for October 28 - November 01, 2019

First, a review of last week’s events:

EUR/USD. Since it is not only the pound that depends on what happens in the framework of Brexit, but also the Euro, to begin with, we will tell you what the situation looks like with the UK's exit from the EU a week before this exit (if it happens of course). And the situation looks like... a vicious circle.

On the one hand, Prime Minister Boris Johnson refuses to withdraw his draft EU withdrawal Agreement until Parliament agrees to an election on December 12. But the Parliament does not agree, because the opposition wants Johnson to rule out the option of leaving without an Agreement with the EU, as well as for the EU to agree to an extension of the terms of this exit. The EU, for its part, before deciding on how long to extend Brexit, is waiting for the consent (or disagreement) of Parliament for early elections on December 12.

more...



October 19, 2019

Forex Forecast and Cryptocurrencies Forecast for October 21 - 25, 2019

First, a review of last week’s events:

EUR/USD. The main theme last week was undoubtedly Brexit. New Prime Minister Boris Johnson managed to reach a compromise with Brussels, and on Thursday October 17, the European Union Summit approved an agreement on the terms of Britain's exit from the EU and its date, November 01. This event, as well as the reduction of political and trade risks in Europe, Asia and America, "seasoned" with weak statistics from the US, opened the way to the north for the bulls.

more...



October 12, 2019

Forex Forecast and Cryptocurrencies Forecast for October 14 - 18, 2019

First, a review of last week’s events:

EUR/USD. Last week was marked by two events. The first is progress on the next stage of trade negotiations between the US and China, the beginning of which was called by president Trump "very, very good." The second is a breakthrough in the Brexit negotiations. Increased hopes for a regulated UK exit pushed the pound up, followed by a pull to the North by the European currency as well. It was facilitated by the minutes of the ECB meeting published on Thursday, October 10, which confirmed that the Bank is coming to the end of the easing policy (QE).  As a result, the pair was able to rise to 1.1062.

more...



October 5, 2019

Forex Forecast and Cryptocurrencies Forecast for October 7 - 11, 2019

First, a review of last week’s events:

EUR/USD. Most experts (55%) expected a correction of the pair up to the zone of 1.1000. This scenario was also supported by 15% of the oscillators on D1 and W1, giving clear signals about the pair being oversold. This forecast can be considered fulfilled by 100%, since the EUR rate rose on Thursday September 3 to the level of 1.0999 USD. The warning of the graphical analysis was also true that before going to the level of 1.1000, the pair may expect a decline, which it showed at the very beginning of the week.

more...



September 30, 2019

Forex Forecast and Cryptocurrencies Forecast for September 30 - October 04, 2019

First, a review of last week’s events:

EUR/USD. The worse the things are for Trump, the better they are for the dollar. Such a conclusion can be made by looking at the quotes’ charts. Now, due to a conversation with the President of Ukraine, the US President is facing impeachment, and the dollar index has already risen to the highs around 99.00. The euro retreated another 100 points, as a result of which the EUR/USD pair updated its lows, dropping to the level of April 2017, and ended the week at 1.0940.

more...



September 22, 2019

Forex Forecast and Cryptocurrencies Forecast for September 23 - 27, 2019

First, a review of last week’s events:

EUR/USD. Analysts have been talking about this for so long and it has happened: on Wednesday September 18, the US Federal Reserve lowered its key interest rate by 0.25% to 2.0%. But since they have been talking about this for a very long time, the market worked out this scenario a long time ago, and no "epoch-making" jumps in the rate have occurred. On the contrary, the volatility declined, and the pair switched to a sideways movement in the corridor 1.1000-1.1075, which is already well-known to traders.

more...



September 14, 2019

Financial Apocalypse 2019-2020

The world has frozen in anticipation of the global financial crisis. Some analysts predict its onset in the coming months, others give a delay until the end of 2020 - the beginning of 2021. But both draw quite apocalyptic pictures. The collapse in oil, copper and iron ore prices, falling stocks and currencies, layoffs and bankruptcies.

more...



September 7, 2019

Forex Forecast and Cryptocurrencies Forecast for September 09 - 13, 2019

First, a review of last week’s events:

EUR/USD. The range 1.1025-1.106 can be called the Pivot Point zone of the last month and a half. It was there that the pair returned to by the end of the week trading session, which indicates the uncertainty prevailing in the market.

It is known that the situation now is most affected by the Trump trade wars and the US Federal Reserve policy. The information that Washington and Beijing could resume negotiations in early October had a positive impact on the stock market: the S&P500 index went up and approached the mark of 3000 again, while the growth rate of 10-year US Treasury bonds yields turned out to be the highest over the past three years. At the same time, the dollar began to strengthen, reaching its maximum since May 2017 against the euro. As a result, on Tuesday 03 September, the EUR/USD pair once again updated the low, reaching the level of 1.0925.

more...



August 31, 2019

Forex Forecast and Cryptocurrencies Forecast for September 02 - 06, 2019

First, a review of last week’s events:

EUR/USD. As we expected, the negotiations of the G7 countries on August 24-26 did not affect the foreign exchange market in any way. But it was influenced by many other factors that, contrary to the wishes of Donald Trump, further strengthened the American dollar. We will mention only a few of them. First, it is the conciliatory rhetoric of the USA and China, which gave hope for a trade agreement. Further, there was an increase in personal consumption expenditures in the United States (4.7% instead of the forecast 4.3%) along with an increase in the yield of US treasury bonds and stock indices. If we add to this the slowdown in inflation in Germany and the statement of the future Head of the ECB Christine Lagarde on possible measures to support the Eurozone economy (QE), we get the strengthening of the dollar against the euro by almost 200 points.

more...



August 24, 2019

Forex Forecast and Cryptocurrencies Forecast for August 26 - 30, 2019

First, a review of last week’s events:

EUR/USD. The Jackson Hole Annual Economic Symposium has traditionally served to give investors an understanding of where US monetary policy will move. That is why the markets were looking forward to Fed Chairman Jerome Powell speaking at this event.

On the other hand, back in the days when Alan Greenspan was Head of the Federal Reserve, another tradition appeared: let in as much fog as possible when answering questions, so as not to bind oneself with any specific promises.

more...



August 17, 2019

Forex Forecast and Cryptocurrencies Forecast for August 19 - 23, 2019

First, a review of last week’s events:

EUR/USD. As expected by most experts, supported by graphical analysis, the dollar went up last week, while the EUR/USD pair went down along with the euro. True, it did not reach the set target, the low of August 1, 1.1025, having found the local bottom at the level of 1.1065.

The reason for the fall of the European currency was in the first place, "doves" promises by the general director of the Bank of Finland and former candidate for the ECB Olli Rehn. According to the statement of this prominent European official, it is already in September that the market expects a reduction in the key rate by 0.1 (and possibly by 0.2) percentage points (now it is -0.4%), as well as the resumption of the QE quantitative easing program in volume about 50 billion euros monthly.

more...



August 10, 2019

Forex Forecast and Cryptocurrencies Forecast for August 12 - 16, 2019

First, a review of last week’s events:

EUR/USD. The pair is consolidating in the zone of a strong support/resistance level around 1.1200. In general, the zone 1.1150-1.1215 is quite significant for this pair, since it can be called the main Pivot Point of 2015-2016. And now, after three years, the pair has once again fallen into this range, which may indicate some confusion in the market.

Uncertainty factors are many.

more...



August 4, 2019

Forex Forecast and Cryptocurrencies Forecast for August 05 - 09, 2019

First, a review of last week’s events:

USD. Two events took place last week, more precisely on Thursday 01 and Friday 02 August, that could shake the markets. But they did not shake them.

On Thursday, for the first time since 2008, the US Federal Reserve lowered its key rate from 2.50% to 2.25%. The event was quite expected. Markets usually react to such a move, by dropping quotes. However, in this case, instead of falling, the dollar rose, although not by much (the increase against EUR was a little more than 100 points) and not for long (as of Friday, the euro won back 85 points).

more...



July 20, 2019

Forex Forecast and Cryptocurrencies Forecast for July 22 - 26, 2019

First, a review of last week’s events:

EUR/USD. Recall that the majority (65%) of experts expected further strengthening of the dollar and the slide of the pair to the 1.1150-1.1200 zone. And the pair went down, reaching the level of 1.1200 on the night of July 16-17. However, the strength of the bears dried up there and, two days later, the bulls returned the pair to where it started on Monday July 15, to the level of 1.1285. Thus, for the second week in a row, the pair is in a fairly narrow side channel, limiting its fluctuations to the boundaries of 1.1190 and 1.1285. The reason for such a lull (perhaps before the storm) is not the summer holidays of investors, but their expectation of the ECB meeting on Thursday July 25, at which the European regulator may decide to lower the interest rate.

more...



July 13, 2019

Forex Forecast and Cryptocurrencies Forecast for July 15-19, 2019

First, a review of last week’s events:

EUR/USD. Recall that 60% of experts named the zone 1.1100-1.1185 as a local bottom. As for the remaining 40%, in their opinion, support 1.1185 should have become an insurmountable obstacle, after which analysts had expected the pair to return to {1level 1.1275-1.1320. That's exactly what happened: the bottom was fixed at 1.1190, after which the pair turned around and went up, reaching the height of 1.1285 at the maximum. Then there was a bounce, and the pair completed the five-day week at the Pivot Point level of the first half of summer,1.1270;

more...



July 6, 2019

Forex Forecast and Cryptocurrencies Forecast for July 08-12, 2019

First, a review of last week’s events:

EUR/USD. As forecasted, the meeting of US President Donald Trump with PRC President Xi Jinping on the final day of the Osaka summit did not put an end to the trade war. The leaders were able to agree only on a respite in the hostilities and the resumption of trade and economic consultations. However, this result was perceived by the market with moderate optimism. The dollar was strengthening its positions for the whole day of Monday, having dropped the pair almost 100 points. This was followed by a long lull, which could only be broken by the publication of data from the US labor market on Friday. The number of new jobs created outside the agricultural sector (NFP) increased more than three times in June compared with May (from 72K to 224K), which allowed the dollar to press the euro further. The pair almost reached the level of 1.1200, after which a small rebound followed, and it ended the trading session at 1.1225;

more...



June 29, 2019

Forex Forecast and Cryptocurrencies Forecast for July 01-05, 2019

First, a review of last week’s events:

EUR/USD. It was two weeks ago that most experts predicted the rebound of the pair up. The target for the bulls was to return to the level of 1.1350, and then rise to the zone 1.1420-1.1450. This forecast came true, if not by 100%, then by 99%: the pair recorded a local high at the height of 1.1411 on June 25. There followed a slight reversal after that, and, waiting for the results of negotiations at the G20 summit in Osaka, Japan, the pair turned into a sideways trend in the narrow channel 1.1345-1.1390, ending the working week at 1.1370;

more...



June 22, 2019

Forex Forecast for July - August 2019

The peak of the vacation season is approaching, which usually entails a decline in business activity, including that in financial markets. On the one hand, a decrease in the volatility of major currency pairs, which is already low, entails a fall in profits, but on the other hand, it also reduces potential losses in the event of a failed position.

more...



June 15, 2019

Forex Forecast and Cryptocurrencies Forecast for June 17-21, 2019

First, a review of last week’s events:

EUR/USD. The German Ministry of Economics has issued a gloomy forecast on the global outlook for the leading EU economy. The statement by the head of the IMF, Christine Lagarde, that the overall growth of the Eurozone economy slowed down, has not inspired investors either. Even the information that the share of the euro in the global reserves of leading countries began to grow could not help the European currency. This share is 20.7% now, and it is still very far from the US dollar with its 61.7%. The market does not forget about the possible resuscitation of the ECB quantitative easing policy (QE).

more...



June 8, 2019

Forex Forecast and Cryptocurrencies Forecast for June 10-14, 2019

First, a review of last week’s events:

EUR/USD. It seems that Mario Draghi has already lost the ability to influence the market, which is waiting for the arrival of the new head of the ECB to replace him. At least, the rather soft rhetoric of Draghi and his reasoning about a possible quantitative easing, sounded last Thursday, was perceived quite calmly by investors. The euro was not weakened by the statement that it was not worth expecting a rate increase until the middle of next year either. As a result, surprisingly, the press conference of the ECB leadership played into the hands of the European currency, and the pair went up to the level above 1.1300. There followed a smooth rollback to the level of 1.1250 and ... a new breakthrough to the north at the time of publication of data on the labor market in the US on Friday, June 07.

more...



June 1, 2019

Forex Forecast and Cryptocurrencies Forecast for June 03-07, 2019

First, a review of last week’s events:

EUR/USD. President Trump decided to shake up the markets once again. Putting Chinese problems aside for the time being, he turned his eyes towards Mexico. As he failed to build a wall on the border with it, in order to stop the flow of illegal immigrants, we will punish Mexico with the dollar, the US president decided, and increased the duties on Mexican-made goods. Onwards and upwards: in July the rates will be raised up to 10%, in August - up to 15%, in September - up to 20%, and in October - up to 25%.

more...



May 25, 2019

Forex Forecast and Cryptocurrencies Forecast for May 27 - 31, 2019

First, a review of last week’s events:

EUR/USD. Complaints and sometimes even moans have been heard everywhere in the last months about the low volatility of this pair. The same is true about last week, until the second half of Thursday, the maximum range of its fluctuations did not exceed 45 points. The pair spent most of the time napping, sleepily crawling along the narrow corridor of 25 points. However, the events of the week, from the aggravation of the US-China trade war and the upcoming elections to the European Parliament to the statements by the Fed leadership and poor data on business activity in Germany and the Eurozone, played into the hands of the dollar. As a result, the pair, as most experts had suggested (75%), fell to the two-year lows, stopping at $1.1105 per euro.

more...



May 18, 2019

Forex Forecast and Cryptocurrencies Forecast for May 20 - 24, 2019

First, a review of last week’s events:

EUR/USD. The upcoming elections to the European Parliament, as well as multi-episode confusion with Brexit continue to put pressure on the European currency. Even the escalation of tensions in the US-China trade war does not help the euro: despite the fighting mood of the PRC leadership, the markets are betting on the US victory. And the failure of China will automatically exacerbate the problems of the closely related Eurozone.

more...



May 11, 2019

Forex Forecast and Cryptocurrencies Forecast for May 13 - 17, 2019

First, a review of last week’s events:

EUR/USD. The main economic event of recent days was the failure of the US-China trade negotiations. The United States decided to increase duties on a number of Chinese goods from 10% to 25%, after which the Chinese Ministry of Commerce announced that it would be forced to take retaliatory measures. However, the market reacted rather sluggishly even to these statements, the range of weekly fluctuations of the pair did not exceed 85 points, and it could not penetrate the resistance 1.1250

more...



1 2 3 4 5 6 7 8 Next
Receive
Training
New to the market? Make use of the “Getting Started” section. Start Training
Follow Us