Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 20 March 12:05 (GMT -05:00)



Foreign exchange market

Dollar Will Rise, Crypt Market Will Stay Flat, NordFX Experts Predict


Contemporary methods of market analysis make it posible to make define the most probable scenarios and to make really accurate predictions, with a really high probability of coming true. Needless to say that such info is priceless for traders and investors seeking to reduce their risks and earn money from financial markets. 
 
ForFX analyst Roman Bytko provided his overview of the recent market events as well as the most likely scenarios for the near future. For starters he offers to recollect the key points of the previous weekly forecast. 
 
While applying the same approach to analysing the market, the experts made up the same predition for the current trading week. They collected and studied the predictions made by a group of respected experts in the field, each of them basing their predictions on various methods of technical and fundamental analysis. As a result, they came up with the following consensus forest for the week:
 
As for EURUSD, 70% of the experts assume that the Fed's interest rate decision is going to affect the market for a while. The statement seems to be contributing to a stronger dollar, which is why they expect EURUSD to break below this year's low around 1.1300 and reach the 1.1200-1.1250 area in case of controversial economic data coming from the EU amid positive economic stats from the USA. This prediction is also backed by the current situation seen on the H4 chart of EURUSD, which most of the trending indicators and oscillators indicating growth. Still, some of the oscillators do indicate an oversold market, which means we are likely to see a timeout in the downtrend of EURUSD.
 

EURUSD

 
However, 30% of the experts expect the market to reverse and rally. They assume that the dollar is overpriced, which is why they anticipate a move to the 1.1435-1.1525 area in the near future. Still, they urge everyone to pay attention to the forthcoming GDP stats from the Eurozone as well as the inflation figures from the the United States. The releases are scheduled for Wednesday and Thursday respectively. Friday is the day when the Eurozone is planning to publish their inflation stats.
 
As for GDPUSD, there are some major news releases for the UK planned for the trading week. On Tuesday, they are going to publish the employment figures. The CPI figures are scheduled for Wednesday. They expect the inflation in grow by 0,1% over the reporting period. The higher the inflation goes, the biger the chances that we are going to see another interest rate hike by the Bank of England. 
 
For now 55% of the experts, together with the technical analysis of the H4 GBPUSD chart, are bearish on the currency pair. the next targets are 1.2850 and 1.2810. Their adversaries anticipate a rally up to 1.3150, 1.3175, and 1.3235, if the price overcomes the 1.3040 resistance level.
 
As for USDJPY, most of the experts, and the tech analysis, are bullish and expecting a move to 114.55 and 115.40. It should also be noted that some oscillators are showing divergence with the the price.
 
As for the major cryptocurrencies, they are still sensitive about the incoming news. On the other hand, the market has built an pretty strong immune system against fake news, which is why the experts don't expect a major price move in the market this week.
 
the upward potential is now capped due to the stapes taken by a range of international financial regulators like the SEC. They say that the fines imposed on Zakhari Kobern are just the first fines in the series for forthcoming measures. In the near future, the regulators may impose sanctions on a range of major crypto exchanges. 
 
At the same time, none of the major payers in the crypto market is interested in a market crash. As always, the  major level of support is determined by the level at which mining the coin is still profitable. If the coin comes close to this level, others start loading up on the coin, thereby pusing the prices higher again.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

 The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

Publication date: 02 March 01:10 AM

Brexit Won't Affect British Pound Just Yet, NordFX Experts Say

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 26 February 11:19 AM

NordFX Wins 3 Forex Awards

NordFx is reported to have become the winner in 3 nominations of the prestigious Forex Awards.

 

Publication date: 22 February 02:55 AM

Cryptocurrency Market Will Get Feverish By Mid February 2019

There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.

Publication date: 11 February 10:36 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is February 4-8, 2019.

 

Publication date: 04 February 11:05 AM

Chinese New Year

Full amount of credited bonuses is available for withdrawal without any restrictions. All bonuses are credited as an additional balance transaction in the account history.


Publication date: 03 February 03:20 AM