Daily Market Analysis from NordFX

[Stan NordFX]

Forex and Cryptocurrency Forecast for December 02 – 06, 2024

As November draws to a close and December begins, financial markets remain dynamic, shaped by a mix of geopolitical events, monetary policy updates, and investor sentiment shifts. The Eurozone faces persistent economic challenges, weighing on the euro, while gold continues to shine as a safe haven amidst global uncertainty. Meanwhile, the cryptocurrency market, led by bitcoin, is riding a wave of optimism as regulatory developments and institutional interest bolster its upward momentum.
Here’s a detailed analysis of the key instruments,EUR/USD, BTC/USD, and XAU/USD,as we head into the first trading week of December 2024.

EUR/USD

The EUR/USD pair concluded the previous week at 1.0544, remaining within a long-term descending channel. Indicators, including moving averages, confirm a prevailing bearish trend as prices recently broke below key signal levels. However, the potential for a rebound remains.
Early in the week, the pair is expected to test the support level around 1.0345. If this level holds, the pair may see a recovery, with a potential rise toward the resistance area above 1.0735. Such movement could gain support from technical signals, including a test of the RSI support line or a bounce from the channel's lower boundary. On the downside, a decisive break below the 1.0125 level would invalidate the recovery scenario, opening the door for further declines toward 0.9825.

XAU/USD



Gold closed the week at $2,658, continuing its upward movement within an ascending channel. Indicators such as moving averages confirm the strength of the bullish trend, with prices breaching key resistance levels. Despite the positive outlook, a short-term decline may emerge before further growth.
The price is likely to test the $2,525 support level at the beginning of the week. If this level holds, gold could rebound and climb towards $3,005. Signals from the RSI and a bounce from the ascending channel's lower boundary would further support this movement. Conversely, a drop below $2,445 would undermine the bullish scenario, potentially driving prices toward $2,375.

BTC/USD

Bitcoin ended last week at $97,047, maintaining its upward trajectory within a bullish channel. The cryptocurrency's performance remains underpinned by moving averages and a breakout above key signal areas. While the broader trend is bullish, a short-term correction may precede further gains.
A pullback to the support area near $90,405 could occur early in the week. Following this, bitcoin is expected to resume its ascent, targeting levels above $120,505. Indicators such as a rebound from the bullish channel's lower boundary and RSI trendline support could validate this growth. However, a fall below the $80,505 level would signal a breakdown in the bullish structure and suggest a decline toward $72,665.

The first week of December is set to be a pivotal period for the markets. While EUR/USD remains under bearish pressure, there are opportunities for rebounds if support levels hold. Bitcoin's bullish trend appears intact, though traders should anticipate and prepare for short-term corrections. Gold, as a safe-haven asset, shows strong potential for growth, provided its critical support areas remain unbroken. In light of these dynamics, traders should carefully monitor the markets and adapt their strategies accordingly.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for December 09 – 13, 2024

The past week exhibited varying trends across major markets. The euro managed to hold its ground against the dollar, albeit within a persistent long-term descending channel. Gold and bitcoin extended their upward momentum, supported by strong technical indicators. Looking ahead, the EUR/USD pair appears poised to test critical support and resistance levels, gold may encounter a temporary correction before resuming its upward trajectory, and bitcoin shows signs of strength within its established bullish channel. Below is a detailed forecast for the week ahead.

EUR/USD

The EUR/USD pair closed the previous week near 1.0551, reflecting moderate growth while remaining within its long-term descending channel. Although moving averages point to a bearish trend, a potential reversal could emerge from the "Head and Shoulders" pattern taking shape. The pair shows signs of downward pressure from buyers, with prices previously breaking through signal lines. A short-term correction to the 1.0505 support level is expected, followed by a rebound that could push the pair toward the 1.0925 mark. Supporting this view is a test of the RSI's support line, alongside a rebound from the "Neck" line of the reversal model. However, a breakout below 1.0245 would negate the bullish scenario, signalling a continuation of the decline, potentially targeting the 0.9805 level. On the other hand, sustained movement above 1.0695 would confirm further growth, indicating a breakout of the descending channel's upper boundary.

XAU/USD

Gold ended last week near the 2637 level, continuing its progress within a bullish channel. Prices show strength, having breached resistance levels under the influence of buyers. However, the short term may bring a decline toward the 2545 support zone, where a rebound is anticipated. Such a move would pave the way for gold to target the 2965 level in the coming sessions. A supportive signal for further growth is a rebound from the RSI trend line and the lower boundary of the ascending channel. Should prices break below the 2435 mark, the bullish outlook would be invalidated, opening the door for further declines to 2365. Conversely, a breakout above 2745 would confirm continued bullish momentum for the metal.

BTC/USD

Bitcoin closed the previous week at 99,301, maintaining its trajectory within a well-defined bullish channel. The asset remains under strong buyer pressure, reflected in its upward movement above key resistance areas. A short-term correction is anticipated, with the price likely to test the 92,505 support level. From there, a rebound could push bitcoin toward a new high at 123,605. Additional bullish confirmation comes from rebounds off the RSI support line and the lower boundary of the bullish channel. A breakdown below 80,505, however, would invalidate this outlook, potentially leading to a deeper decline toward 72,005. On the flip side, a breakout above 106,025 would affirm the bullish case, further strengthening the asset's growth prospects.



The week of December 9–13, 2024, is set to be pivotal for forex and cryptocurrency markets. The EUR/USD pair will likely fluctuate between correction and growth, while gold and bitcoin, despite possible near-term corrections, remain in bullish formations. Traders should monitor critical levels closely to navigate potential opportunities and risks effectively.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for December 30, 2024 – January 03, 2025

As the year transitions into its final week, financial markets have displayed a mixture of corrections and sustained trends across key assets. The past week saw steady movements influenced by macroeconomic developments and year-end portfolio adjustments. Looking ahead, the forthcoming week could bring heightened volatility, with traders positioning for the New Year amidst thinner holiday liquidity.

EUR/USD

The EUR/USD currency pair ended the past week near 1.0419, continuing its trajectory within a descending channel. Technical indicators highlight a bearish sentiment, with moving averages confirming sustained downward pressure. Sellers maintain control, driving the pair to test support near 1.0375. From this level, a potential rebound is anticipated, with targets suggesting a rise towards the 1.0965 region.
A supportive signal for potential recovery comes from the relative strength indicator (RSI), where a bounce near the support line could reinforce upward momentum. Another key factor to watch will be price reactions near 1.0375. However, a decisive break below 1.0175 would negate this bullish outlook, setting the stage for a deeper decline towards 0.9825. Conversely, a breakout above 1.0585 would validate a reversal, potentially lifting EUR/USD above the descending channel.

XAU/USD

Gold (XAU/USD) closed the previous week with gains near the 2617 level, underpinned by an ascending channel that reflects its bullish trend. Buyers remain in control, supported by moving averages and signals of a potential continuation in price growth. In the coming week, a pullback to test support around 2575 is expected before a likely rebound propels Gold towards the 3035 level.
Additional bullish confirmations may arise from RSI trends and a rebound from the lower boundary of the "Triangle" pattern visible in technical analysis. A break below 2495 would invalidate this growth scenario, indicating a more pronounced drop toward 2405. Conversely, a close above 2745 would signify the breakout of the upper boundary of the "Triangle," reaffirming bullish prospects with extended targets beyond 3035.

BTC/USD

Bitcoin (BTC/USD) finished the week at 94058, moving within a bullish channel while consolidating its recent gains. The cryptocurrency remains in an upward trend, with moving averages signalling robust buyer interest. Resistance near 96265 is a critical level to monitor in the upcoming week. A potential failure to break this level could trigger a decline, with targets below 71405.
Signals supporting bullish continuation include a rebound from the lower boundary of the channel and resistance on the RSI. However, a break below 82405 would confirm a bearish shift, targeting a further decline. On the other hand, if Bitcoin breaks through 110505, it could rally further to reach the 116505 area, underscoring continued investor optimism.

The final week of the year is poised to deliver pivotal movements across Forex and cryptocurrency markets. EUR/USD faces a critical juncture within its descending channel, with room for both rebounds and further declines. Gold continues to shine within its bullish trajectory, eyeing higher levels despite potential short-term pullbacks. Meanwhile, Bitcoin remains volatile but structurally bullish, presenting opportunities for gains if key resistance levels are breached. Market participants should prepare for dynamic trading conditions as the year draws to a close.


NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for January 06 – 10, 2025
The past week saw significant movements across major Forex and cryptocurrency pairs, reflecting broader market trends influenced by ongoing economic uncertainties and geopolitical factors. While the Euro and gold demonstrated correction and consolidation within familiar patterns, bitcoin exhibited strength within its bullish trajectory. The coming week promises to bring further volatility as markets react to evolving economic data and sentiment shifts.
EUR/USD
The EUR/USD pair concluded the week near 1.0282, moving within a well-defined descending channel. Bearish momentum remains dominant, with moving averages confirming a downtrend. Selling pressure is evident as prices have broken below key signal lines, hinting at a potential test of support near 1.0195 in the coming week. Following this decline, an upward rebound is anticipated, potentially propelling the pair toward the 1.0545 level.
Additional confirmation of this rebound could come from a test of the relative strength indicator (RSI) support line, accompanied by price support in the lower channel range. However, a break below 1.0045 would invalidate the bullish outlook, suggesting further declines toward 0.9805. Traders should monitor the pair’s behaviour around these critical levels, as a breakout above 1.0545 would signal a resumption of upward momentum and a breach of the descending channel.
XAU/USD (Gold)
Gold closed the previous week with a modest rise, ending near 2645, while continuing to trade within a corrective triangle formation. The overall trend remains bullish, as evidenced by moving averages, which reflect ongoing buyer support. In the short term, a decline toward the 2625 support level may precede an upward rebound, targeting 2975 as a potential high.
The RSI trend line and the lower boundary of the triangle pattern provide additional signals supporting the bullish forecast. A break below 2485 would invalidate this scenario, indicating a continuation of the downtrend toward 2415. Conversely, a confirmed breakout above 2755 would signal the completion of the triangle pattern, paving the way for a sustained move higher toward new highs.
BTC/USD (Bitcoin)
Bitcoin continues to consolidate its position within a bullish channel, closing the week at 97,438. The cryptocurrency's upward momentum is supported by strong buying activity, as prices remain above key moving averages. However, a short-term correction could lead to a test of support near 84,305. From this level, a rebound is likely to propel bitcoin toward the 130,635 mark.
The lower boundary of the bullish channel and the RSI support line provide additional backing for this optimistic outlook. A fall below 80,205, however, would invalidate the bullish scenario and suggest a deeper correction toward 65,605. A breakout above 105,005 would confirm continued bullish momentum and likely attract further buyer interest.
The upcoming trading week presents a mix of potential corrections and trend continuations across Forex and cryptocurrency markets. The EUR/USD pair is poised for a rebound following a test of lower support levels, while gold is expected to sustain its bullish trend within its triangle pattern. Bitcoin remains on a bullish trajectory, with its correction phases offering opportunities for renewed growth. Traders should closely monitor key support and resistance levels for actionable insights and confirmatory signals in a highly dynamic market environment.
NordFX Analytical Group

Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for January 27 – 31, 2025

The past week in the financial markets has seen mixed movements across major currency pairs, cryptocurrencies, and commodities. The euro-dollar pair (EUR/USD) has been navigating a corrective phase, attempting to regain upward momentum after a brief dip. Bitcoin (BTC/USD) continued its bullish trend but showed signs of a potential short-term correction before further growth. Meanwhile, gold (XAU/USD) remains supported by buyers, consolidating gains with a bullish breakout in sight. As we approach the trading week of January 27–31, 2025, the market is expected to test significant support and resistance levels, with investors closely watching key indicators for directional cues.



EUR/USD

The euro-dollar pair (EUR/USD) ended the previous week near the 1.0486 mark, completing a correction phase while staying within a broader upward movement. Despite this, the pair has exited a descending channel, though moving averages indicate a bearish trend remains in play. Sellers have exerted pressure, signalling a potential continuation of the decline to test the support area around 1.0285. However, a rebound from this level is anticipated, potentially driving the pair upward toward the 1.0985 target in the coming week.
Technical indicators suggest an additional bullish signal, with a possible test of the relative strength indicator (RSI) support line. A breakout above 1.0545 would further confirm this scenario, strengthening the likelihood of continued growth. Conversely, a drop below 0.9935 would invalidate this outlook, suggesting a deeper decline toward 0.9645.

XAU/USD

Gold (XAU/USD) ended the previous week trading near 2,772, maintaining its bullish trajectory within a “Triangle” pattern. Moving averages reflect strong buyer momentum, with a break above key signal lines reinforcing the possibility of further price increases. However, a short-term decline to test the 2,695 support level may occur before the commodity resumes its climb. A rebound from this support could drive gold prices toward a target above 3,085.
Additional support for a bullish outlook includes a bounce from the trend line on the RSI and a rebound from the upper boundary of the “Triangle” pattern. A breakout above 2,805 would further confirm the upward trend. Conversely, a drop below 2,495 would invalidate the bullish scenario, paving the way for a decline toward 2,415.

BTC/USD

Bitcoin (BTC/USD) concluded last week at 105,361, continuing its advance within a well-established bullish channel. Moving averages confirm an ongoing upward trend, and a break above signal lines indicates sustained buying interest. However, a brief pullback toward the support level at 94,665 may occur before the cryptocurrency resumes its ascent. A successful rebound from this support zone could propel Bitcoin toward a target above 132,405.
Support from technical signals includes a bounce off the lower boundary of the bullish channel and the RSI support line. A breakout above 112,605 would further validate the bullish trend. Should Bitcoin breach the 81,205 level instead, it would suggest a breakdown of support, with potential losses extending to 73,505.

The trading week of January 27–31, 2025, holds potential for significant movements across the forex, cryptocurrency, and commodity markets. The euro-dollar pair could experience a rebound if support near 1.0285 holds, while Bitcoin and gold remain poised for further gains, albeit with possible short-term corrections. Traders should monitor key technical levels closely, as breakouts or breakdowns will play a crucial role in shaping market sentiment and guiding trading decisions.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for February 10 - 14, 2025

The past week saw contrasting movements in key markets. The euro continued to lose ground against the US dollar, with bearish sentiment dominating the EUR/USD pair. Meanwhile, bitcoin remained strong despite minor pullbacks, holding its place in a bullish trend channel. Gold prices, too, extended their rise, reflecting continued market demand for safe-haven assets amid global uncertainties. As we look ahead to the upcoming week, market trends suggest potential shifts in key assets depending on support and resistance levels.

EUR/USD

The EUR/USD currency pair concluded last week near 1.0393, marking another decline as bearish momentum persisted. A reversal pattern, identified as the "Head and Shoulders," remains in play, indicating continued pressure on the euro. Moving averages confirm the bearish trend, and the pair broke below key signal lines, reinforcing expectations for further downside movement.
In the coming week, the pair may test the support level near 1.0290. If this level holds, a rebound is anticipated, potentially propelling the euro toward a target of 1.0735. Technical indicators, including a test of the support line on the relative strength index (RSI), point towards this recovery scenario. However, should the pair breach 0.9985, the bearish outlook would be reaffirmed, setting the stage for a decline towards the 0.9675 region.
Ultimately, the focus for EUR/USD traders remains on whether the pair can sustain its current support levels or whether further bearish action will drive it to new lows.

XAU/USD

Gold ended the week trading near 2870, maintaining its position within a strong bullish channel. Moving averages indicate that the upward momentum remains intact, with prices breaking higher across key signal areas. This suggests that market sentiment remains favourable for continued gold price growth in the near term.
Despite the bullish sentiment, a short-term correction could lead to a test of the 2755 support level. If prices find stability there, a rebound toward the 3165 target is likely. A key signal supporting this scenario is a potential bounce off the lower border of the bullish channel, complemented by RSI trends pointing to continued upward momentum. Conversely, if gold prices breach the 2635 level, a deeper correction toward 2555 could unfold.
Given its safe-haven status, gold’s trajectory this week will likely reflect both technical dynamics and broader risk sentiment in the markets.

BTC/USD

Bitcoin remains resilient, closing last week at 97,224. The asset has stayed within an established bullish channel, with moving averages suggesting a continuation of the uptrend. The break above key signal lines has underscored renewed buying interest, even though short-term corrections are still part of the market dynamic.
In the coming week, bitcoin may test support near 86,065. Should buyers regain control at this level, a subsequent rally could push prices beyond 127,605. Technical signals, including a rebound from both the lower channel boundary and the RSI support line, indicate that bitcoin remains on course for further growth. However, a failure to hold the 86,065 level might lead to a steeper decline, targeting the 75,205 mark.
Bitcoin’s price path will largely depend on whether bullish momentum can overcome any short-term corrective pressures, as traders monitor both fundamental and technical indicators.

The upcoming week presents key inflection points for EUR/USD, gold, and bitcoin. The euro faces potential further losses unless it can hold crucial support levels, while gold appears set for continued gains if its bullish channel remains intact. Bitcoin, on the other hand, retains its long-term upward trajectory but must first withstand near-term corrections. Traders will closely watch support and resistance levels across these markets to assess potential reversals and confirm trend continuation.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for March 03 - 07, 2025

The past week saw notable market fluctuations across major Forex and cryptocurrency pairs, with the euro weakening against the dollar, gold maintaining its bullish momentum, and bitcoin experiencing downward pressure despite an overall long-term uptrend. Moving into the first full week of March, volatility is expected to persist, driven by macroeconomic indicators, central bank comments, and investor sentiment. The euro is showing signs of a possible rebound, gold is poised to continue its bullish trajectory, and bitcoin faces key support and resistance levels that could define its next major move.

EUR/USD

The euro-dollar pair ended the week lower, closing near 1.0387 as it remained within a corrective phase and formed a "Triangle" pattern. Technical indicators suggest a bearish trend, with the price breaking through key moving average signals. Sellers appear to be in control, pointing to a possible continuation of the downtrend. In the coming week, an attempt to test the support zone near 1.0255 is expected, followed by a potential rebound that could push the pair towards the 1.0805 level.
A test of the support line on the Relative Strength Index (RSI) would confirm the likelihood of an upward correction. Additionally, a bounce from the lower boundary of the "Triangle" pattern would reinforce bullish prospects. However, if the pair breaks below 0.9965, the bearish outlook will be confirmed, potentially driving the euro down to 0.9645. A breakout above 1.0645, on the other hand, would signal renewed bullish momentum, indicating a possible breach of the upper boundary of the "Triangle" and setting targets higher.

XAU/USD

Gold remains within a strong bullish trend, with the price continuing to move inside an ascending channel. The breakout above key moving average levels confirms ongoing buying pressure. However, a temporary correction could lead to a test of support near 2835 before prices resume their uptrend. If this scenario plays out, the next upside target lies above 3075.
Further confirmation of gold's bullish continuation would come from an RSI trendline rebound and a bounce from the lower boundary of the channel. Should the price fall and break below 2735, the bullish outlook would be invalidated, signaling a potential decline towards 2665. On the upside, a breakout and close above 2935 would affirm the continuation of the upward movement, keeping gold on track for new highs.

BTC/USD

Bitcoin ended the week at 79,552, staying within a downtrend as it moves towards completing the "Triangle" pattern. While the long-term trend remains upward, the cryptocurrency is currently under selling pressure, as indicated by its break below key moving average signals. A short-term recovery is possible, with an expected test of resistance near 86,505 before renewed downward momentum potentially drives the price towards 61,605.
A confirmation of the bearish scenario would come from a bounce off the lower boundary of the "Triangle" and rejection at the RSI resistance line. If bitcoin manages to break and sustain above 97,045, the bearish outlook would be negated, opening the way for further gains towards 105,605. Conversely, a break below 72,065 would indicate stronger selling pressure and confirm the continuation of the bearish movement.

The upcoming trading week presents a mix of opportunities and risks across Forex and cryptocurrency markets. The euro remains under pressure but could see a recovery if it holds key support levels. Gold continues its bullish momentum, though a short-term correction is likely before further gains. Bitcoin is at a critical juncture, with a possible rebound before a continued decline unless it breaks key resistance. Traders should stay vigilant, monitor economic developments, and prepare for potential volatility in the days ahead.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.

[Stan NordFX]

Forex and Cryptocurrency Forecast for March 10 - 14, 2025

The past trading week saw significant movements across major financial instruments, with notable volatility in forex, gold, and cryptocurrency markets. The euro demonstrated strong growth against the US dollar, while gold remained within its bullish channel despite undergoing a correction. Bitcoin continued to test key levels, showing signs of both support and resistance as it fluctuated within a downward correction channel.
Looking ahead to the upcoming week, market participants should brace for continued fluctuations driven by economic data releases, central bank policy expectations, and broader risk sentiment. EUR/USD is poised for potential gains despite facing resistance, gold may extend its uptrend following a correction, and bitcoin remains at a critical juncture where a further decline could signal a deeper correction.

EUR/USD

The EUR/USD pair closed the previous week with strong growth, settling near 1.0837. Despite the overall bearish trend indicated by moving averages, prices have broken above the signal lines, suggesting renewed bullish momentum. In the coming week, the pair may initially experience a pullback towards the support area at 1.0655 before rebounding and continuing its upward trajectory. The primary growth target for the euro stands above 1.1175.
A key factor supporting this potential rise is a test of the support line on the relative strength index (RSI), which historically signals upward reversals. Additionally, a bounce from the lower boundary of the bullish channel would reinforce this scenario. However, a decline below 1.0505 would invalidate the bullish outlook, potentially triggering a deeper fall towards 1.0245. Confirmation of sustained growth would require a breakout above 1.0885, which would indicate a breach of the upper boundary of the descending channel.

XAU/USD

ongoing bullish trend. Moving averages continue to reflect an upward trajectory, and the price action suggests that buyers remain in control. For the upcoming week, a short-term decline towards the support level at 2865 is likely before an upward reversal leads to further gains. The primary target for gold remains above 3085.
An additional confirmation of the bullish scenario will be a rebound from the trend line on the RSI, as well as a reaction at the lower boundary of the bullish channel. However, a drop below 2745 would signal the cancellation of this bullish outlook, potentially driving prices down towards 2675. Conversely, a breakout above 2965 would reinforce expectations of continued growth.

BTC/USD

Bitcoin concluded the previous week at 88,497, maintaining its position within a broader corrective phase. Although the moving averages still point to an overall uptrend, the market is currently facing downward pressure. In the week ahead, BTC/USD may test the support level at 86,505 before attempting another upward move towards 115,685.
A rebound from the lower boundary of the bullish channel or the RSI trend line would support this bullish scenario. However, if bitcoin breaks below 72,305, it would invalidate the upward trend and could lead to a deeper decline, with a target at 66,405. A confirmed bullish continuation would require a breakout above 96,055, which would indicate a shift back towards a more aggressive upward trend.

The coming trading week is expected to bring heightened market activity, with EUR/USD seeking support before resuming its climb, gold aiming for further gains after a correction, and bitcoin standing at a crucial technical threshold. Key support and resistance levels will determine the next major movements for each asset. Traders should remain vigilant to economic releases and technical indicators to navigate the evolving market landscape effectively.

NordFX Analytical Group

Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.