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Southward interplanetary magnetic fields are considered traces of geoeffectiveness since they are a main agent of magnetic reconnection of solar wind and magnetosphere. The first part of this work revises the ability to forecast intense geomagnetic activity using different procedures available in the literature. The study shows that current methods do not succeed in making confident predictions. This fact led us to develop a new forecasting procedure, which provides trustworthy results in predicting large variations of <I>D_st</I> index over a sample of 10 years of observations and is based on the value <I>B_z</I> only. The proposed forecasting method appears as a worthy tool for space weather purposes because it is not affected by the lack of solar wind plasma data, which usually occurs during severe geomagnetic activity. Moreover, the results obtained guide us to provide a new interpretation of the physical mechanisms involved in the interaction between the solar wind and the magnetosphere using Faraday's law.