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[QUOTE="Stan NordFX, post: 64028, member: 23437"] [b]As for the forecast for the coming week, summarizing the opinions of a number of experts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:[/b] - EUR/USD. Next week on Thursday, December 24, Forex trading will end at 17:00 CET, and there will be no trading at all on December 25, Christmas. (please visit the NordFX website, the Company News section for details on the trading schedule during the Christmas and New Year holidays in the currency and cryptocurrency markets, as well as on CFD contracts). The end of the year is a period when big players close their positions, sum up and go on vacation. But it is at this point of low liquidity in the market, as already mentioned above, that traders need to be prepared for sudden surprises. And it is not necessary that they will be as pleasant as gifts from Santa Claus. The main surprise may be the agreement between the EU and the UK on the Brexit terms (or lack thereof). At the time of this writing, 95% of the trend indicators on H4 and 100% on D1 are green. Also, 75% of oscillators on both timeframes look up. However, the remaining 25% signals that the pair is overbought, and a correction is possible. Graphical analysis on H4 predicts the movement of the pair in the trading range of 1.2175-1.2300, and D1 indicates the possibility of its growth to the height of 1.2355. 80% of experts support this development. The remaining 20% expect the pair to decline to support 1.2100, and in the transition from weekly to monthly forecast, the number of bear supporters increases to 65%. Closest supports are at 1.2055 and 1.1900 levels. [ATTACH type="full"]42918[/ATTACH] - GBP/USD. As we wrote last week, there are three possible options regarding Brexit. 1 - neutral soft. It is a decision to extend the current terms of the transition period for another six months or a year in order to gradually move to rules similar to the basic rules of the World Trade Organization. In this case, a catastrophic collapse of the pound would be avoided, although the pair would go south. The nearest support level in this case is 1.3275, then 1.3100, 1.3000 and 1.2850. 2 - the “hardest” Brexit, without any agreements or prolongations, which will lead the pair to fall first to the 1.2700 horizon, and over time, possibly to the lows of May 2020. in the area of 1.2075-1.2160. 3 - the conclusion of a full-scale deal between the EU and the UK. In this case, we will see a rise of the pound first to the height of 1.3500, and then perhaps to the highs of 2018 in the area of 1.4350. We will know soon which of these options will be chosen; - USD/JPY. 90% of oscillators and 100% of trend indicators on D1 are still colored red, expecting further decline in the pair within the descending medium-term channel. As for analysts, they, supported by graphical analysis on H4 and D1, they consider most likely the pair to move in the trading range 102.70-104.00, that is, between the central and upper boundaries of the designated channel; - cryptocurrencies. So, is it worth waiting for a repeat of the "crypto winter" of late 2017 - 2018? Or, after a slight correction, the BTC/USD pair will again rush to new heights? Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki is convinced that cryptocurrency will continue to rise to $50,000 next year amid further influx of institutional money. The entrepreneur, having said that “America is in trouble”, precludes the “death” of the US dollar and a “bright future” for gold, silver, bitcoin. The well-known Dutch cryptanalyst PlanB, who developed the popular BTC stock-to-flow valuation model, believes that the price of the reference cryptocurrency may rise to $100,000 by the end of 2021, and maybe up to $300,000. PlanB admits that his outlook sounds extremely optimistic and even somewhat amusing for some investors. However, the rise in the price of bitcoin in the past allows him to make such predictions. According to analysts from the financial conglomerate JPMorgan Chase, institutional investors can invest up to $600 billion in the first cryptocurrency in the coming years. This requires that American, European and Japanese insurance companies and pension funds invest only 1% of their assets in bitcoin. As JPMorgan lead strategist Nikolaos Panigirtzoglou noted, the recent $100 million investment by Massachusetts Mutual Life Insurance Company marks another milestone in the adoption of the first cryptocurrency by such organizations. At the same time, the analyst admits that it is quite difficult for such traditional investors to invest in cryptocurrency, since there are still regulatory requirements for the choice of investment assets in terms of risks and fulfillment of obligations. This can limit the amount of funds available for buying BTC. In general, the topic of the attitude of government regulators to cryptocurrencies is one of the key factors for the development of this market. This issue has been actively discussed at the recent BlockShow conference. The speakers said that although decentralized finance needs to communicate with regulators, it cannot be full concessions to them. If we introduce complete regulation of the market, then it will hardly differ from fiat. Now about the prospects of the BTC/USD pair for the next few weeks. According to the average forecast, the probability of its rise to $25,000-26,000 is estimated at 30%, above $30,000 - 10%. As for the fall, the probability that the pair will decrease to the $18.500-20,000 zone is 20%. As for altcoins, those who at this stage are wary of investing in bitcoin may pay attention to ethereum. If BTC has already exceeded its 2017 high by 16%, then ETH is still to grow from its current values in the region of $670 to its all-time high of $1,420. And this despite the fact that this main altcoin showed better dynamics than bitcoin this year: it has added 640% from the March low against 465% for BTC. In addition, altcoin blockchain No.1 has recently been updated. Ethereum 2.0 has made the cryptocurrency safer, more efficient, scalable and, hopefully, potentially more profitable. And here it is necessary to recall the recent warning of the co-founder of ethereum Vitalik Buterin, who urged not to get into debt or take out loans to buy any digital assets, be it bitcoin, ethereum or any other coins. He said he had “only a few thousand dollars of net equity” before Ethereum was created. “However, I sold half of my bitcoins to be sure I would not break up if the rate fell to zero,” he writes. [b]NordFX Analytical Group[/b] [i]Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.[/i] #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market [/QUOTE]
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