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XAU/USD: gold is declining 24.08.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the XAU/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, gold prices declined in response to the resumed growth of USD due to the increase in the US bonds’ yield. In addition, investors reacted positively to FOMC Minutes, which confirmed the readiness of the regulator to raise the interest rate at the September meeting.

The escalation of the trade conflict between the US and China also provides more support for the safe dollar than gold. Yesterday new reciprocal duties were implemented, as there was no noticeable progress in negotiations in Washington.

Today, investors are waiting for the speech of Fed Chairman Jerome Powell within the symposium in Jackson Hole. He will provide a report on monetary policy in a changing economy. Also, the market is waiting for the comments of the regulator's head regarding the latest critical statements of President Trump.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is slightly narrowed from above, reflecting the recent ambiguous trade. MACD indicator grows, maintaining the buy signal (the histogram is above the signal line). Stochastic reversed downwards, reflecting the risks of corrective dynamics of overbought gold development.

It is better to keep current short positions in the short and/or short-term perspective until new trade signals appear.

Resistance levels: 1191.36, 1200.00, 1204.55, 1211.14.

Support levels: 1182.79, 1170.00, 1159.83.

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Trading tips

Long positions can be opened after a rebound from the level of 1182.79 and breakout of the level 1191.36 with the target at 1211.14 or 1215.79. Stop loss is 1182.79. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of level 1182.79 with the target at 1170.00. Stop loss is 1191.36. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAU/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.

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AUD/USD: wave analysis 27.08.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The price can grow.

On the 4-hour chart, the first wave of the higher level 1 develops, within which the wave iii of 1 ended. Now the upward correction is developing as a fourth wave iv of 1, within which the wave (a) of iv has formed, and the wave (b) of iv is developing. If the assumption is correct, after the end of the wave the pair will grow to the level of 0.7455. In this scenario, critical stop loss level is 0.7206.

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Main scenario

Long positions will become relevant during the correction, above the level of 0.7206 with the target at 0.7455. Implementation period: 5–7 days.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.7206 will let the pair go down to the level of 0.7100.
 
Use more opportunities of the NPBFX analytical portal: e-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.

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USD/CAD: wave analysis 29.08.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the USD/CAD for a better understanding of the current market situation and more efficient trading.

Current trend

The pair is in a correction, the fall is possible.

On the 4-hour chart, the downward correction develops as a wave 2. Now the wave a of 2 of the lower level is developing, within which the fifth wave (v) of a is forming. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.2992.

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Main scenario

Short positions will become relevant during the correction, below the level of 1.2992 with the targets at 1.2820–1.2740. Implementation period: 3–5 days.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.2992 will let the pair grow to the levels of 1.3140–1.3200.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX.

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EUR/USD: wave analysis 31.08.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The pair can grow.

On the 4-hour chart, the downward momentum of the higher level A of (2) formed, and the development of the upward correction as a wave B of (2) begun. Now the wave a of B is developing, within which the fourth wave of the lower level (iv) of a has ended. If the assumption is correct, the pair will grow to the levels of 1.1780–1.1820. In this scenario, critical stop loss level is 1.1639.

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Main scenario

Long positions will become relevant during the correction, above the level of 1.1639 with the targets at 1.1780–1.1820. Implementation period: 5–7 days.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.1639 will let the pair go down to the levels of 1.1500–1.1450.
 
Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.

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USD/JPY: wave analysis 03.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

The pair can grow.

On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C), taken a shape of an irregular flat. Now the development of the third wave 3 of C has begun, within which the first entry wave of the lower level (i) of I has formed, and the correction (ii) of I is ending. If the assumption is correct, the pair will grow to the levels of 113.22–115.00. In this scenario, critical stop loss level is 109.74.

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Main scenario

Long positions will become relevant during the correction, above the level of 109.74 with the targets at 113.22–115.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 109.74 will let the pair go down to the level of 108.09.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.

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USD/CHF: USD strengthens 05.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the USD/CHF for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, USD rose against CHF, renewing the highs since August 29. CHF is under pressure due to growing trade tensions in EU and the world.

At the end of the week, US President Trump can introduce new increased duties on Chinese goods totaling USD 200 billion. The prospects for the US-Canada negotiations on the new terms of the NAFTA treaty and the US-EU on the car market are still unclear. Some support for EUR is provided by the conciliatory tone of the Italian government. According to La Stampa, Deputy Prime Minister Matteo Salvini supports keeping the deficit of the new Italian budget within 2%, which does not violate the EU budget rules.

Tuesday’s Swiss data did not support CHF. As expected, in August the dynamics of CPI was zero after a decrease of 0.2% MoM in July. The indicators stayed at the level of +1.2% YoY.

Support and resistance

On the daily chart, Bollinger bands are declining. The price range is narrowing, reflecting a change in the trade direction in the short term. MACD reversed upwards, forming a new buy signal (the histogram is above the signal line). Stochastic grows almost vertically, quickly approaching its highs.

It is better to open new long positions ones and keep current ones in the short and super short term.

Resistance levels: 0.9760, 0.9785, 0.9800, 0.9820.

Support levels: 0.9730, 0.9700, 0.9673, 0.9647.

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Trading tips

Long positions can be opened after a rebound from the level of 0.9730 and breakout of the level of 0.9760 with the targets at 0.9800 or 0.9820–0.9840 and stop loss 0.9730–0.9720.

Short positions can be opened after the breakdown of the level of 0.9730 with the target at 0.9673 or 0.9647 and stop loss 0.9760–0.9770.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: economic calendar

Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CHF and trade efficiently with NPBFX.

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AUD/USD: wave analysis 07.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

The pair can fall.

On the 4-hour chart, the third wave of the higher level iii of 1 develops. Now the fifth wave of the lower level (v) of iii is forming, within which the wave iii of (v) is developing. If the assumption is correct, the pair will fall to the levels of 0.7100–0.7000. In this scenario, critical stop loss level is 0.7237.

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Main scenario

Short positions will become relevant during the correction, below the level of 0.7237 with the targets at 0.7100–0.7000. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.7237 will let the pair grow to the levels of 0.7365–0.7455.

Use more opportunities of the NPBFX analytical portal: e-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.

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NZD/USD: the instrument is declining 10.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the NZD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

On Friday, NZD fell against USD, returning to lows of the middle of the previous trading week. Today, the "bearish" dynamics continues to develop, and the NZD/USD pair is renewing its records.

The instrument is under pressure of a strong August US labor market data, published last Friday. Nonfarm Payrolls rose to 201K from 147K in July. The average hourly earnings, which is often mentioned by the Fed in discussing constraints, grew significantly, too. In August, the indicator increased by 2.9% YoY and 0.4% MoM against forecasts of +2.7% YoY and +0.2% MoM.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is widening from below, letting the "bears" renew the lows. MACD indicator is pointing down, keeping a strong sell signal (the histogram is below the signal line). After the growth at the end of the last trading week, Stochastic is reversing downwards under the pressure of "bearish" trades on Friday and Monday. However, the indicator reflects that NZD is strongly oversold in the short and ultra-short term.

Current indicators’ readings do not contradict the further development of the downward trend in the near future.

Resistance levels: 0.6529, 0.6543, 0.6560, 0.6592, 0.6618.

Support levels: 0.6511, 0.6500, 0.6460.

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Trading tips

Long positions can be opened after rebound from the level of 0.6511 and breakout of the level of 0.6529 or 0.6543 with the targets at 0.6618–0.6650 and stop loss 0.6511–0.6500. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of the level of 0.6511 with a target at 0.6460 and stop loss 0.6543. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy NZD/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on NZD/USD and trade efficiently with NPBFX.

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USD/JPY: USD is strengthening 12.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

USD increased significantly against JPY on Tuesday, updating weekly highs.
As there is a lack of key economic releases, the movement of JPY is of technical nature. JPY continues to be pressured by risks of a toughening of the US-China trade war, as well as the possibility of the US administration imposing duties on Japanese goods, including cars, if the US trade deficit with Japan does not decline.

Macroeconomic statistics from Japan published on Tuesday did not support JPY. Tertiary Industry Index in August grew by 0.1% MoM after declining by 0.6% MoM in the previous month. Machine Tool Orders in August demonstrated growth by 5.3% YoY after an increase by 13.1% YoY in the previous month.

Support and resistance

In the D1 chart Bollinger Bands demonstrate a slight increase, keeping a tendency to reversal into a horizontal plane. The price range is slightly widening. MACD is growing keeping a weak buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its maximum levels, which reflects the overbought USD in the ultra-short term.

Technical indicators do not contradict the further development of the "bullish" trend in the short and/or ultra-short term.

Resistance levels: 111.81, 112.13, 112.55.
Support levels: 111.47, 111.16, 110.90, 110.67, 110.45.

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Trading tips

To open long positions one can rely on the breakout of 111.81 while maintaining "bullish" signals from technical indicators. Take profit — 112.55. Stop loss — 111.50 or 111.47.

The development of corrective dynamics with the breakdown of 111.47 or 111.30 may become a signal for a full-scale descending correction with target at 110.67 or 110.45. Stop loss — 111.60 or 111.80.
Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.

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XAG/USD: silver prices consolidate

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the XAG/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, silver prices declined, despite that during the day, the instrument updated the local highs since September 4. The positive dynamics was due to a noticeable weakening of the US currency after the publication of poor inflation data. The downward pullback, in turn, was due to the growing traders’ interest in risk.

In August, US Consumer Price Index fell from 2.9% YoY to 2.7% YoY (minimum since April), and the Base Consumer Price Index rose from 2.4% to 2.2% (the worst indicator since May). Market participants feared that poor inflation data, along with pressure from President Trump's administration and trade tensions, could force FOMC members to cut rates of interest rate increase. In particular, this year the regulator can hold another increase instead of the two planned.

Support and resistance

On the daily chart, Bollinger bands are moderately falling. The price range is actively narrowing, reflecting the emergence of mixed dynamics in the short term. MACD indicator is growing, keeping a strong buy signal (the histogram is above the signal line).

Stochastic grows, approaching its highs, which indicate that the instrument is overbought in the ultra-short-term and/or short-term.

It is better to keep current positions and not to open new ones at the end of the week.

Resistance levels: 14.26, 14.40, 14.48, 14.60.

Support levels: 14.06, 13.91, 13.83.

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Trading tips

Long positions can be opened after the breakout of the level of 14.26 with the targets at 14.60–14.70 and stop loss 14.15–14.10.

Short positions can be opened after the breakdown of the level of 14.06 with the targets at 13.83–13.70 and stop loss 14.20.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal:glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on XAG/USD and trade efficiently with NPBFX.

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GBP/USD: the pound is consolidating 17.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

On Friday, GBP was corrected downwards after an uncertain upward "rally" with the renewal of local highs since August 1.

The investors are focused on Brexit situation. At the end of the last week, BoE’s head, Mark Carney, warned the cabinet that exit from the EU without a deal could lead to a house prices drop by 25–35% and a significant decrease in transportation with EU. In general, the British economy may suffer damage comparable to one from the 2008 financial crisis. Also, the threat to the British economy was announced by Moody's. According to its analysts, a “divorce” without a deal will lead to higher inflation, lower household incomes and consumer spending, and also cause significant damage to the industry.

At the beginning of the new week, the pound is supported by Rightmove House Price Index. The September indicator increased by 0.7% MoM and 1.2% YoY against the previous values of –2.3% MoM and +1.1% YoY.

Support and resistance

On the daily chart, Bollinger bands are moderately growing. The price range expands from above, letting the "bulls" renew local highs. MACD grows, keeping a weak buy signal (the histogram is above the signal line). Stochastic, approaching its highs, is trying to reverse into a downwards plane, indicating a corrective decline possibility.

A downward trend can develop in the short and/or ultra-short term.

Resistance levels: 1.3100, 1.3139, 1.3169, 1.3211.

Support levels: 1.3050, 1.3000, 1.2960, 1.2894, 1.2850.

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Trading tips

Long positions can be opened after a rebound from the level of 1.3050 and breakout of 1.3100 with the targets at 1.3211–1.3235 and stop loss 1.3050–1.3040.

Short positions can be opened after the breakdown of 1.3050 with the target at 1.2900 and stop loss 1.3100–1.3120.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.

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AUD/USD: Australian dollar grows 19.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, AUD significantly strengthened against USD, returning to weekly highs.

On Tuesday, RBA Meeting's Minutes were published, but they did not disclose anything new to investors. It was noted that the world trade tightness creates significant risks for the economy, it was projected that the unemployment rate will decrease to 5.0%, and wages will continue to grow. There are no significant reasons for changing rates.

Today, the instrument is actively growing and renewing highs since August 31. AUD is moderately supported by RBA Assistant Governor Kent Speech and Westpac Leading Index release, which rose by 0.1% MoM in August after 0.0% MoM last month.

Support and resistance

On the daily chart, Bollinger bands reverse horizontally. The price range is actively expanding, but not as fast as the "bullish" mood develops. MACD indicator is growing, keeping a strong buy signal (the histogram is above the signal line). Stochastic is directed upwards but is approaching its highs, which reflects that AUD can become overbought.

It is better to keep existing new long positions and open new ones in the short and/or ultra-short term until the cancellation of "bullish" signals.

Resistance levels: 0.7260, 0.7290, 0.7322, 0.7346.

Support levels: 0.7236, 0.7200, 0.7175, 0.7155.

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Trading tips

Long positions can be opened after the breakout of the level of 0.7260 with the targets at 0.7300–0.7322. Stop loss is 0.7230. Implementation period: 1–2 days.

Short positions can be opened after a rebound from the level of 0.7260 and breakdown of the level of 0.7236 to 0.7175 or 0.7155. Stop loss is 0.7260–0.7270. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAU/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.

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EUR/USD: wave analysis 21.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading.

The pair can grow. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave c of B is forming, within which the wave (iii) of c of the lower level is developing. If the assumption is correct, the pair will grow to the levels of 1.1850–1.1940. In this scenario, critical stop loss level is 1.1650.

Main scenario

Long positions will become relevant during the correction, above the level of 1.1650 with the targets at 1.1850–1.1940. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.1650 will let the pair go down to the levels of 1.1515–1.1463.

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Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.

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USD/CAD: wave analysis 24.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the USD/CAD for a better understanding of the current market situation and more efficient trading.

The pair can fall.
On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3095.

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Main scenario

Short positions will become relevant after the end of the correction, below the level of 1.3095 with the targets at 1.2820–1.2740. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.3095 will let the pair grow to the level of 1.3227.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX.

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NZD/USD: the pair is trading in both directions 26.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the NZD/USD for a better understanding of the current market situation and more efficient trading.

The pair can fall.
On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3095.

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Use more opportunities of the NPBFX analytical portal: e-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on NZD/USD and trade efficiently with NPBFX.

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AUD/USD: wave analysis 28.09.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading.

The pair can fall.

On the 4-hour chart, the third wave of the higher level iii of 1 of (5) develops. Now the fifth wave of the lower level (v) of iii is forming, within which the upward correction has ended as a wave iv of (v). If the assumption is correct, the pair will fall to the level of 0.7000. In this scenario, critical stop loss level is 0.7315.

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Main scenario

Short positions will become relevant during the correction, below the level of 0.7315 with the target at 0.7000. Implementation period: 5–7 days.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.7315 will let the pair grow to the levels of 0.7383–0.7455.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.

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GBP/USD: wave analysis 01.10.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the GBP/USD for a better understanding of the current market situation and more efficient trading.

The pair is in a correction and can grow.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (iii) of i has formed, and the local correction has ended as a wave (iv) of i. If the assumption is correct, the pair will grow to the levels of 1.3474–1.3615. In this scenario, critical stop loss level is 1.2975.

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Main scenario

Long positions will become relevant during the correction, above the level of 1.2975 with the targets at 1.3474–1.3615. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2975 will let the pair go down to the levels of 1.2782–1.2654.

Use more opportunities of the NPBFX analytical portal: e-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.

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XAG/USD: silver prices grow 03.10.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the XAG/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, silver rose, updating the highs since August 28. The instrument was supported by rather harsh statements by the representative of the ruling party of Italy, Claudio Borghi, that most of the problems in the country could be solved by having their own currency. However, at the end of the trading session, the instrument lost most of its gains after the speech of Fed Chairman Jerome Powell, who confirmed the previous policy to a gradual tightening of monetary policy.

A large block of statistics on business activity in Europe and the United States will be published today, as well as a number of speeches by Fed representatives, such as Lael Brainard and Loretta Mester. In addition, traders are waiting for ADP Employment Change release, since on Friday there will be a September report on the US labor market.

Support and resistance

On the daily chart, Bollinger bands are growing moderately. The price range is expanding, but not as fast as the "bullish" trend develops. MACD is growing, maintaining a strong buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic reversed horizontally, reacting to the active instrument correction.

The current readings of the indicators do not contradict the further development of the “bullish” trend in the short and/or ultra-short term.

Resistance Levels: 14.79, 14.86, 15.00.

Support levels: 14.67, 14.60, 14.51, 14.41, 14.25.

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Trading tips

Long positions can be opened after the breakout of the level of 14.79 with the target at 15.00. Stop loss is 14.67. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of the levels of 14.67 or 14.60 with the targets at 14.41–14.35. Stop loss is 14.70–14.80. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAG/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on XAG/USD and trade efficiently with NPBFX.

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USD/JPY: wave analysis 05.10.2018
 
Good afternoon, dear forum visitors!
 
NPBFX offers the latest release of analytics on the USD/JPY for a better understanding of the current market situation and more efficient trading.
 
The trend is upward.
On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the third wave of the lower level iii of 3 is forming, within which of the wave (iii) of iii is developing. If the assumption is correct, the pair will grow to the levels of 115.00–115.50. In this scenario, critical stop loss level is 113.51.
 
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Main scenario
 
Long positions will become relevant during the correction, above the level of 113.51 with the targets at 115.00–115.50. Implementation period: 7 days and more.
 
Alternative scenario
 
The breakdown and the consolidation of the price below the level of 113.51 will let the pair go down to the levels of 112.54–111.75.
 
Use more opportunities of the NPBFX analytical portal: analytics
 
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
 
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
 
Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.
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EUR/USD: the euro is trading in both directions 08.10.2018

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading.

Current trend

EUR showed ambiguous dynamics against USD on Friday, interrupting the development of the correctional impulse formed the day before. On Friday, macroeconomic data from Germany provided moderate support for the euro, while a weak report on the US labor market only slightly affected the dynamics of the instrument.

German Producer Price Index in August rose by 0.3% MoM and 3.1% YoY, which turned out to be better than analysts' expectations of +0.2% MoM and +2.9% YoY. Factory Orders in Germany rose by 2.0% MoM and 3.1% YoY in the same period. The experts expected a more modest growth (+0.5% MoM and +2.9% YoY).

Support and resistance

Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range expands from below, making way for new local lows for the "bears". MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, having responded to the growth of the instrument on Thursday, still keeps an uptrend, signaling in favor of the development of corrective growth.

It is necessary to wait for clarification of trading signals, since at the moment the indications remain contradictory.

Resistance levels: 1.1522, 1.1547, 1.1580, 1.1615.

Support levels: 1.1500, 1.1460, 1.1400.

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Trading tips

To open long positions, one can rely on the breakout of 1.1547. Take profit — 1.1657 or 1.1700. Stop loss — 1.1500.

The return of "bearish" trend with the breakdown of 1.1500 or 1.1475 may become a signal for new sales with the target at 1.1400. Stop loss — 1.1522 or 1.1547.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: e-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.

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