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Tuesday, 22 October 01:55 (GMT -05:00)



Foreign exchange market

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 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.
 
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.
 
EUR/USD 
 
Around 60% of D1 trending indicators are still painted green. However, oscillators are showing us a different picture. 30% of them have turned grey. The rest of them are indicating an overbought market. 65% experts, the market is going to start moving down within the next coupe fo days, thus trying to test April's low at 1.1183, and to move further down to 1.1175. t`he closest level of support is 1.1250.

График EURUSD

 
H4 analysis shows that before going south, the currency pair may temporarily rally up to 1.1300 and 1.1350. The closest level of resistance is 1.1420.
 
GBP/USD
 
The experts assume that the euphoria caused by the Brexit delay will get exhausted soon. The currency pair is likely to  move in a flat market within the 1.2985-1.3150 range. The closest level of support and resistance are around 1.3050 and 1.3120 respectively. The mid-term forecast is mostly bullish (60% experts). They anticipate a stronger pound, with a move in the 1.3200-1.3350 area. However, we should keep in mid that the accuracy of this prediction has to do with the situation around the Brexit. There is still a change of holding another Brexit referendum. As a result, London may equally reject the Brexit or decide to quit the EU without a major deal. So, any Brexit news may affect the situation and reverse the trend. For now, the demand for the British Pound is low.
 
USD/JPY
 
The bullish scenario remains the most likely one. 70% experts go north, so do all trending indicators. The experts say that in case the 10-year U.S. bonds keep growing, the currency pair may rebound from 112.00 and go up to the 113.00-114.20 range. At the end of the past trading week, the currency pair was located closer to the upper border of the 109.70-112.15 mid-term channel. So, a rebound from the upper border is also probable. This is what is indicted by 25 oscillators. The closest level of support - 110.85, 110.35, and 109.70.
 
It;s also interesting to note that Japan and the USA are planning to hold trade talks this week. The results may affect the currency pair. Also, you are recommended to pay attention to a series of events like UK and German ZEW indexes (Tuesday, April, 16th), Chinese GDP and UK CPI (Wednesday, April, 17th), UK and US retail sales (Thursday, April, 18th), Japanese CPI (Friday, April, 19th).
 
BTC/USD
 
The crypto-market news background is mostly positive. Bitcoin has recently reached another high. It's interesting to note, that ever since Bitcoin came into existence, they have already made over 400 million BTC transactions. At this point, over 350 000 BTC transactions are being made on a daily basis. 
 
According to Co-Founder of Fundstrat Global Advisors Tom Lee, Bitcoin is now back in the big game. The fair price is around $14K per coin. However, some other experts don't share this standpoint. Coinbase CEO Brayan Armstrong, the next big inflow of international investors is only possible when 3 major issues are resolved, namely scalability, convenience and volatility.
 
When evaluating the mid-term prospects of Bitcoin, 70% experts expect a move up to $6K per coin. However, this week, the price is likely to go flat in the 4,935-5,335 range while testing the upper border of the range. Chances are, the range will be expanded to 4,600-5,500. 

 

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Bitcoin Will Crash To $3000 Per Coin

In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.

Publication date: 21 October 10:04 AM

Pound Will Drive Forex This Week

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. As a result, we get the following picture:
Publication date: 21 October 12:15 AM

Dollar Will Keep Going Down, NordFX Experts Say

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is October 4th - 11th. So, this is what those predictions look like:
Publication date: 07 October 12:04 PM

Masterforex-V Names Worst Forex Brokers in September 2019

Masterforex-V Academy's rating of forex brokers gives you an unbiased and up-to-date picture of what's going on in the industry based on 20 criteria. One of the criteria is the amount and degree of the negative feedback provided by each broker's clients. In this article, we are going to dive deeper into the matter and find out which brokers turned out to be the worst ones in September and why.
 
Publication date: 03 October 05:21 AM

Bitcoin is only half-way down. Ethereum is stable.

The current state of affairs in the global cryptocurrency market leaves much to be desired. This is confirmed by a number of people who usually promote cryptocurrencies. John McAffee is clearly not one of them. He has always been very positive on the prospect of digital currencies. In particular, he believes that the BTC/USD exchange rate may eventually reach as much as 10 million dollars per coin. 
 
Publication date: 02 October 10:27 AM

Bitcoin Crash Causes Panic In Cryptocurrency Market

Bitcoin has crashed. Altcoins are bleeding. The panic is making things even worse for Bitcoin and other digital currencies out there. The worst case scenario provided by Masterforex-V Academy experts has finally manifested itself - a break below the bottom of the 9000-9400 range resulted in an instance crash by more than 15% just within a single trading session. In a matter of 12 hours the Bitcoin market lost 37 billion dollars of market capitalization.

Publication date: 25 September 11:10 PM

Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM