Forex Forecast for 26-30 October 2015
The previous forecast was fulfilled 100%:
- the GBP/USD was almost unanimously predicted to be in a sideways trend within a 1.5420-1.5500 range for most of the week, which happened. Further forecasts differed. In this case, graphical analysis was 100% correct - the pair was supposed to go down to support at 1.5350 where it finished the week in fact.
The forecast for the coming week.
Around 80% of the indicators vote for a fall of GPB/USD. Half of the experts agree but say that the fall won't be major - the main support will be at 1.5200. The other 50% of the experts and graphical analysis on H4 believe that the pair has reached the bottom and will be moving in a 1.5300-1.5470 sideways channel.
Roman Butko, NordFX
- the GBP/USD was almost unanimously predicted to be in a sideways trend within a 1.5420-1.5500 range for most of the week, which happened. Further forecasts differed. In this case, graphical analysis was 100% correct - the pair was supposed to go down to support at 1.5350 where it finished the week in fact.
The forecast for the coming week.
Around 80% of the indicators vote for a fall of GPB/USD. Half of the experts agree but say that the fall won't be major - the main support will be at 1.5200. The other 50% of the experts and graphical analysis on H4 believe that the pair has reached the bottom and will be moving in a 1.5300-1.5470 sideways channel.
Roman Butko, NordFX
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