Antony_NPBFX Posted September 13, 2019 Author Share Posted September 13, 2019 Brent Crude Oil: oil prices are going down 13.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading. Current trend Oil prices fell on Thursday, responding to OPEC+ decision to leave the parameters for reducing oil production unchanged. The central place in the discussions was given to the production reduction in Russia, Nigeria and Iraq to the indicated levels, and it was decided to postpone the discussion of changing these levels at the December meeting of the cartel. Additional pressure on the instrument was provided by the ECB decision of lowering deposit rates and launching a new quantitative easing program. Immediately after the publication of this decision, Donald Trump again criticized the Fed and demanded immediate action. It is possible that the Fed decision next week will be adjusted according to the example of the ECB, and the market will see a more active easing of monetary policy. Today, investors expect Baker Hughes Oil Rig Count to be published. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero mark. Stochastic keeps a steady downward direction, but is rapidly approaching its lows, which indicates the growing risks associated with the oversold instrument in the ultra-short term. Existing short positions should be kept until the situation clears up. Resistance levels: 60.70, 61.51, 62.67, 64.00. Support levels: 60.00, 59.10, 58.28, 57.57. Trading tips To open long positions, one can rely on the breakout of 60.70 or 61.00. Take profit — 62.67 or 63.00. Stop loss — 60.00. A confident breakdown of 60.00 may become a signal to further sales with target at 58.28 or 57.57. Stop loss — 61.00. Implementation time: 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 Brent Crude Oil and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 16, 2019 Author Share Posted September 16, 2019 USD/JPY: USD keeps growing 16.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend The US dollar closed last week with a fairly steady growth against the Japanese yen, updating local highs of August 1. "Bullish" activity remains on Monday, but the instrument showed a significant gap down at the opening and is now forced to recoup to its previous local highs. The US dollar is in demand amid improved prospects for US-Chinese trade negotiations, after the parties made mutual concessions, and Donald Trump announced the possibility of concluding an interim agreement. The macroeconomic statistics from the US published on Friday was contradictory. Retail Sales in August decreased from +0.8% MoM to +0.4% MoM, which, however, turned out to be better than expectations of +0.2% MoM. At the same time, Michigan Consumer Sentiment in September showed an increase from 89.8 to 92.0 points with a forecast of 90.9 points. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from above, reflecting the appearance of ambiguous dynamics for the instrument at the end of the last trading week. The MACD indicator reacted to the opening of the instrument with a gap down and reversed downwards, maintaining the previous buy signal (located above the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought USD in the ultra-short term. One should wait for clarification of the situation to open new transactions. Resistance levels: 108.00, 108.24, 108.52. Support levels: 107.52, 107.22, 106.72, 106.15. Trading tips To open long positions, one can rely on the breakout of 108.00 or 108.24. Take profit — 108.80 or 109.00. Stop loss — 107.70–107.52. Implementation time: 1-2 days. A confident breakdown of 107.52 may become a signal to further sales with target at 106.50 or 106.15, 106.00. Stop loss – 108.00. Implementation time: 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 18, 2019 Author Share Posted September 18, 2019 EUR/USD: the euro is recovering 18.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend EUR showed strong growth against USD on Tuesday, recovering from an equally strong decline of the instrument at the beginning of the week. The growth of EUR was largely technical in nature, while macroeconomic statistics remained contradictory. German ZEW Economic Sentiment in September showed an increase from –44.1 to –22.5 points with a forecast of –38.0 points. German ZEW Current Conditions for the same period fell from –13.5 to –19.9 points, which turned out to be worse than the forecasts of –15.0 points. The EU ZEW Economic Sentiment in September grew slightly from –43.6 to –22.4 points, exceeding forecasts of –37.4 points. Today, the pair is trading in both directions. Investors expect the publication of the results of the Fed meeting, at which, as expected, the interest rate will be reduced by 0.25 points. Support and resistance On the D1 chart, Bollinger Bands are gradually reversing to the ascending plane. The price range is slightly expanding from above, reflecting the predominance of "bullish" sentiment. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into the horizontal plane indicating a sharp change of the sentiment in the ultra-short term. To open new trading positions, it is necessary to wait for additional signals from technical indicators. Resistance levels: 1.1074, 1.1100, 1.1133, 1.1163. Support levels: 1.1050, 1.1028, 1.1000, 1.0962. Trading tips To open long positions, one can rely on the breakout of 1.1074. Take profit — 1.1133 or 1.1163. Stop loss — 1.1028. The rebound from 1.1074 as from resistance with the subsequent breakdown of 1.1050 can become a signal to new sales with target at 1.1000 or 1.0970. Stop loss — 1.1080 or 1.1090. Implementation time: 2-3 days. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on EUR/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 19, 2019 Author Share Posted September 19, 2019 Yet another Battle of Traders contest is over. Who hit the top 10 and got the brand new iPhone Xs? Hello, dear forum users! The summer season is ended and along with it the August Battle of Traders contest. It’s time to sum up the results and announce the winners of the battle. August has become the record-breaking month in terms of the number of participants for the last 4 months: 1704 traders successfully registered and got access to the demo account contest with the starting deposit of $5000. The largest number of trades is 3018, was made by a trader with the nickname DCDozer (account number 133652). Dozens of traders preferred to go to the victory trading in large volumes. Thus, contest monitoring recorded 10, 20, 30 and more lots per one trade to buy or sell the selected trading asset. It does not violate the contest rules, as well as trading with the minimum volume of 0.01. It should be noted that in August more than 85% of traders finished the contest with a positive balance. 68 participants fully complied with the contest terms and could claim for a prize fund of $2500. However, according to the Battle of Traders regulations, only traders with the highest trading results can enter the top 10 winners. Which of the participants has the most profitable trading strategy? Who was able to cope with the emotions in the contest race and manage the risks? So, according to the results of April, the winners of the Battle of Traders are the traders with the following nicknames: Gela, myace, shdn, servadko, Zyd, Olga, sergej77772008, Arif, Sakib77, Sanjar . The winners list of August was headed by the trader with the nickname Gela (account number 1317776). The result of his trading is $270153.93! The trader gets 1000 USD to his real trading account and a grand prize - iPhone Xs! The interview with the winner has already been recorded and in the next few days you will have the opportunity to learn more about the secret of Gela’s success, his attitude to the Forex market and trading plans. NPBFX thanks all the participants of the August Battle of Traders and congratulates the winners! Follow the new publications of the contest and grab the opportunity to take part in the Battle of Traders in October! Registration is already ongoing. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 20, 2019 Author Share Posted September 20, 2019 Son Discovered Forex for Father who Won $1000 and iPhone Xs. Interview with the Winner of Battle of Traders Continuity of generations is not unique to the professions of a doctor, teacher or engineer. Trading can also be added to this list. The winner’s family is a perfect case in point. Frankly speaking, father got an interest for trading from his son. Three years later, father’s hobby turned into additional income, and his professional skills allowed him to win the contest and get the main prize of $ 1000 and a grand prize - iPhone Xs! We present the winner of the August Battle of Traders - Petrovsky Oleg Grigorievich. A guy from the Ukrainian city of Nikopol, a power engineer by profession, who likes fishing and trading Forex via smartphone. Why does Oleg Grigorievich prefer aggressive trading and the GBP/JPY pair when he uses Fibonacci retracement? Is Forex widespread in Ukraine? Read the interview with the winner, find out his formula for success and victory in the trading battle in September. - Oleg Grigorievich, please tell us how did you hear about the Battle of Traders contest and why did you decide to take part in it? - I learned about your Company about a year ago on the Internet. A friend of mine also advised you. I read the feedback and I liked it. I generally trust brokers who work with banks more. I read that you used to be a bank, and then set up a subsidiary. I relied on the feedback and a year ago I opened two trading accounts in NPBFX, since then I have been trading. I was looking for the contests on the website, but you seemed to have none. Then the Battle of Traders contest came around, and I decided to give it a try. However, July was not fruitful. - It turns out that from being ranked at the bottom in July you moved to the 1st place according to the results of August. How did you manage it? Have you changed your trading strategy or is it all about luck? - One can't do without luck. I have my own strategy and work with retracements. And when I saw that the trader who was in the first place, trades in the same pairs as me, only in the opposite direction, I felt more confident. Then I took a risk and I made deals that in case of an active pair reversal I’d get thrown out of the contest, I’d say. In fact, the trading strategy in August was the same as for the first time, but I was already working more carefully, even on a demo account. I had an incentive to get into the top ten. Then I noticed that I consolidated myself at the top three! I was going to the finish line more carefully. - Who did you share your win in the Battle with? - With my son! He invited me to Forex. As my son busy at work, he gave up trading. When he saw me on the first line he said: “We'll see when the money will be yours.” Today I opened an account and made sure that I got the result the winner was promised! - Oleg Grigorievich, How do you evaluate the terms of the contest at NPBFX? - The terms are great! The monthly interval for the contest is successfully selected. When there are turns in pairs, time allows you to catch up, even if you missed a little at the beginning, but you’re still trading correctly. In other companies I participated in quarter contests, which I find dull. - In August you showed a great trading result: the initial deposit of $5000 increased by 54 times (up to $270153)! According to the rules of the contest, NPBFX Company awards you not only $1000, but also a grand prize - the brand new iPhone Xs! Was it your goal to get an iPhone or it was a pleasant surprise? - Frankly, it was a pleasant surprise. I was banking on hitting the top ten. - Whether you use your smartphone to trade Forex or prefer a desktop version? - I use smartphone. This month, it was more successful while using it. I’m tied down to my main job. Forex is like a hobby, an extra income, but it’s nice. - Please tell us more about the trading strategy that led you to success. What is it all about? - I use retracements. I’m trying to catch pairs at the reversal. Mainly I try to act according to strong support and resistance levels. I draw Fibonacci retracement and extension grid and then observe what is going to happen. - Do you use any indicators? - Mostly not. Sometimes I use Stochastics, and I check the overbought. - In the course of the contest in August you made 137 deals and 134 of them were in one currency pair - the pound-yen pair (GBP/JPY). Why did you prefer this instrument? - Three months ago I saw that the instrument was extremely overbought. It means that sooner or later it will go to the reversal. And it was at this swing that I caught a pair. I like that the movement on this pair is good. - So you were preparing for the contest in advance? - It’s true, I chose the pairs for which the trend is upward or downward. I came up with the pounds-yen pair. There was no point in “jumping” into gold. Although the person who was in the first place worked mainly with gold. I saw the pound-yen pair situation and came up trumps. - How much time per day did you usually spend on trading in the contest? - I was looking at the long term, a day or two. I monitored in the morning whether there were any changes to be expected, if they weren’t, I did not close the deal. During the day I was still monitoring how the morning trading went. It turns out that it took about an hour a day to trade in the contest. - Oleg Grigorievich, if one of the traders would like to repeat your trading strategy on their account, what advice will you give them? - Everyone has their own strategy, as I think. I cannot recommend it. Leverage is the most important thing and your own approach to each pair. It seems to me that you have a quite good leverage on demo accounts. - 1000$ has already been credited to your real trading account with NPBFX. Are you planning to trade using the same strategy as you did on the demo account? - Basically, yes. But I will be a little more careful. I like the pounds-yen pair very much. I also consider gold. I prefer aggressive pairs that have a good rise or fall during the day. - Oleg Grigorievich, tell us a little about your professional path, why did you decide to trade? - Forex is a hobby that I like. I like to predict the movement of pairs. If you really keep an eye on the trend, where it goes and when it reverses in time, you can predict a little ahead. It’s nice to see the result when you’re good at it. - How long have you been trading Forex? What do you consider your main achievement for today? - I have been seriously trading for three years now. I have developed my own strategies. There are no great results yet. It has happened that over the past six months I have doubled my earnings and even lost them, gradually. But it’s been for the first time I got such results in the contest. - What is your job apart from trading? What is your profession? - I work as a leading specialist in the energy industry. - Could you please tell us what country and city you are from? How old are you, are you a family man, what do you like besides trading? - I live in Ukraine, city of Nikopol, Dnipropetrovsk region. Married, my son is 33 years old and I am 55. Thanks to my son I am in trading. This is more of a youth direction, but I liked it as well. I like fishing very much. As I have a smartphone, I can go on vacation and go fishing as well. When there is no rise to the bait, I’d like to check if something useful in trading is about to happen. - In your opinion, can Forex trading be considered a widespread activity in Ukraine? Does anybody from those who knows you trade in financial markets? - A friend of my age does, but there are more young people involved in trading. In Ukraine Forex was massive in the early 2000s. There were trading courses advertised, etc. Now there is less of it. I think people switched to the cryptocurrency when there was movement in it. When the crypto-boom ended, people switched to Forex again. - Are you planning to participate in the new September Battle of Traders contest? Would you advise your friends to join the Battle of Traders contest? Why? - Yes, I am. But I’m a little bit late. I signed up late, but I will try catch up. And yes, I would recommend to my friends to participate in the contest. Monthly interval of the contest is very convenient. Indeed, I think that a monthly interval is perfect. If you haven't had time, or you have chosen a wrong strategy or pair, you can change everything and catch up. My son, who showed me Forex and then gave it up, advises me to try to trade on a contest demo account. And I advise my friends too. I’m not saying this for the sake of advertising, but in fact, one does not lose anything, and gets the skill. It is never too late to learn. My wife says to me, you are already at the age, but still playing games. - What would you wish NPBFX and the participants of the next Battle of Traders contests? - I wish all the traders excellent results, victories and pursue their goals! And for your Company I wish prosperity, and I hope you keep staying good, do not let anybody down. I have never had any delays or problems with withdrawal, so I wish you be on point in future too. Good luck to you in your business, thank you very much! - Thank you for participating in the contest and for the interview. We wish you new victories and achievements in the financial markets with NPBFX! Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 23, 2019 Author Share Posted September 23, 2019 WTI Crude Oil: oil prices are consolidating 23.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on WTI Crude Oil for a better understanding of the current market situation and more efficient trading. Current trend Oil prices rose slightly on Friday, but returned to negative dynamics closer to the end of the afternoon session. Quotes are supported by rising tensions in the Middle East after an attack on key oil production facilities in Saudi Arabia the week before last. The Kingdom announced a military operation north of the city of Hodeidah, while Donald Trump approved sending of troops to Saudi Arabia to strengthen defense capabilities. In addition, it became known that Riyadh is actively importing oil production equipment from the United States, so that by the end of the month most of the stopped facilities can be restored. Baker Hughes report released last Friday indicated a sharp decrease in the number of active oil rigs in the US from 733 to 719 rigs, which also provided significant support for quotes. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is growing, keeping a weak buy signal (located above the signal line). Stochastic is going down, approaching the level of “20”, which is the formal border of the oversold instrument. It is necessary to wait until the situation becomes clear and updated trading signals from technical indicators appear in order to open new market positions. Resistance levels: 60.00, 61.00, 62.49, 63.33. Support levels: 58.42, 57.64, 55.89, 54.73. Trading tips To open long positions, one can rely on the breakout of 60.00. Take profit — 63.33. Stop loss — 58.42. The return of “bearish” trend with the breakdown of 57.64 may become a signal for new sales with the target at 54.73 or 53.71. Stop-loss — 59.50. Implementation time: 2-3 days. Use more opportunities of the NPBFX analytical portal: trading signals for commodities How can a trader determine if it’s worth buying or selling WTI Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. 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 WTI Crude Oil and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 25, 2019 Author Share Posted September 25, 2019 AUD/USD: the instrument is trading in both directions 25.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The Australian dollar strengthened significantly against the US currency on Tuesday, recovering from an uncertain start of the week. The instrument was supported by the results of a speech by RBA head Philip Lowe, who expressed optimism regarding the future prospects of the Australian economy, which, in his opinion, will demonstrate steady growth in the near future, but no significant acceleration should be expected. A positive effect should be achieved by a tax refund, which will increase income from households. Regarding the prospects for monetary policy, Lowe still takes a “dovish” position and believes that in the future the Australian economy may need an additional rate cut. During today's Asian session, the instrument again shows a steady decline, losing positions earned the day before. Support and resistance Bollinger Bands in D1 chart demonstrate an unsteady decrease. The price range is expanding, reflecting increased trading activity this week. MACD is going down preserving a previous sell signal (located below the signal line). Stochastic, by contrast, maintains an uptrend, having reversed close to its lows at the beginning of the week. The indicator still points at the oversold AUD in the ultra-short term. One should wait for clarification of the situation to open new transactions. Resistance levels: 0.6807, 0.6829, 0.6858, 0.6883. Support levels: 0.6777, 0.6759, 0.6734, 0.6700. Trading tips To open long positions, one can rely on the rebound from 0.6777 as from support with the subsequent breakout of 0.6807. Take profit — 0.6858 or 0.6883. Stop loss — 0.6777. The breakdown of 0.6777 may serve as a signal to new sales with the target at 0.6700. Stop loss — 0.6807. Implementation time: 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 27, 2019 Author Share Posted September 27, 2019 GBP/USD: the pound remains under pressure 27.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading. Current trend The British pound remains downward paired with the US currency, updating local lows of September 12. The main factor contributing to the decline in the pound remains the uncertain situation around Brexit. There is less and less time for concluding a final agreement with the EU, while Prime Minister Boris Johnson and the British Parliament are engaged in an internal political struggle. Johnson reaffirmed his position regarding the request for an additional delay from the EU, despite the fact that non-compliance with the adopted law threatens him with a prison. Today, the pair is trading in both directions. Slight support for the pound is provided by data on Gfk Consumer Confidence. In September, the indicator rose from –14 to –12 points, which turned out to be better than expectations of –14 points. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range consolidated within rather narrow boundaries, which, however, correspond to the observed dynamics in the market. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is located near its lows, which indicates the oversold pound in the ultra-short term. Existing short positions should be kept until the situation clears up. Resistance levels: 1.2384, 1.2450, 1.2503, 1.2556, 1.2600. Support levels: 1.2301, 1.2248, 1.2200, 1.2154. Trading tips To open long positions, one can rely on the rebound from the support level of 1.2301 with the subsequent breakout of 1.2384. Take profit — 1.2556 or 1.2600. Stop loss — 1.2301. A confident breakdown of 1.2301 may become a signal to further sales with target at 1.2154 or 1.2130, 1.2100. Stop loss — 1.2384. Implementation time: 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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 30, 2019 Author Share Posted September 30, 2019 XAU/USD: gold prices are falling 30.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading. Current trend At the end of last week, gold prices fell, renewing weekly lows. The reason for the further weakening of the precious metal was the strong position of the American currency, which is growing moderately against a number of its competitors, namely, the euro. Negative macroeconomic statistics published in the USA at the end of last week contributed to some correction of the instrument closer to the close of Friday afternoon session, however, the general “bearish” mood remained. Improving the prospects for US-Chinese trade negotiations, which should resume in Washington in early October, also help reduce demand for the shelter asset. Support and resistance On the daily chart, Bollinger bands are moving flat. The price range is slightly narrowing from below, reflecting the uncertain nature of trading. The MACD indicator goes downwards, keeping a strong sell signal (the histogram is below the signal line), and is preparing for a breakdown of the zero line. Stochastic is decreasing, however, it is rapidly approaching its lows, which indicates that gold may become oversold in the very short term. It is better to keep the current short positions in the short and/or ultra-short term. Resistance levels: 1500.00, 1510.11, 1516.70, 1523.95. Support levels: 1490.81, 1483.18, 1474.61. Trading tips Long positions can be opened after a rebound from the level of 1490.81 and a breakout of the level of 1500.00 with the target at 1523.95 or 1535.39. Stop loss is 1483.18. Short positions can be opened after the breakdown of the level of 1490.81 with the target at 1474.61 or 1460.00. Stop loss is 1500.00 or 1508.00. Implementation period: 2–3 days. Use more opportunities of the NPBFX analytical portal: trading signals for commodities How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 2, 2019 Author Share Posted October 2, 2019 USD/CAD: dollar is down 02.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading. Current trend Yesterday, the USD/CAD pair fell, although during the day the instrument was trading mainly in an upward direction. USD is under pressure of poor Manufacturing PMI. According to ISM data, the indicator for September fell from 49.1 to 47.8 points against the forecast of 50.1 points. In turn, the Canadian PMI indicator came out better than its forecasts. In the manufacturing sector, the index for September grew from 49.1 to 51.0 points against the market forecast of 50.4 points. A more confident growth of the Canadian dollar was hindered by poor data on Canada's GDP dynamics for July. In monthly terms, the growth rate of the Canadian economy slowed from +0.2% MoM to +0.0% MoM against the forecast of +0.1% MoM. Support and resistance On the daily chart, Bollinger bands move flat. The price range expands but not as fast as the “bearish” dynamics develop. MACD falls, keeping a poor sell signal (the histogram is below the signal line), and tries to consolidate below the zero line. Stochastic declines, keeping a confident “bearish” momentum, and rapidly approaches its lows, which indicates that USD may become oversold in the ultra-short term. It is better to keep the current short positions and open new ones in the short and/or ultra-short term until the current sell signals from technical indicators are canceled. Resistance levels: 1.3224, 1.3244, 1.3267, 1.3289. Support levels: 1.3200, 1.3163, 1.3132, 1.3100. Trading tips Long positions can be opened after the rebound from 1.3200 and the breakout of 1.3224 with the target at 1.3289 or 1.3309. Stop loss – 1.3180. Short positions can be opened after the breakdown of 1.3200 with the target at 1.3132 or 1.3100. Stop loss – 1.3240. 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 USD/CAD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 4, 2019 Author Share Posted October 4, 2019 NZD/USD: New Zealand dollar strengthens 04.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on NZD/USD for a better understanding of the current market situation and more efficient trading. Current trend Yesterday, the NZD/USD pair rose moderately, as the US dollar weakened to the entire spectrum of the market after the publication of ISM Service PMI data. For September, the indicator fell from 56.4 to 52.6 points against the forecast of 55.0 points. On October 1, ISM Manufacturing PMI also fell sharply to the lowest levels since 2009. Today, during the Asian session, the New Zealand dollar continues to grow actively. The pressure on the US currency remains before the publication of the September report on the labor market, which, according to some analysts, could have a decisive influence on the Fed in the issue of another rate cut this year. Support and resistance On the daily chart, Bollinger Bands reverse into the horizontal plane. The price range narrows, reflecting a smooth upward movement of the instrument. The MACD indicator is growing, keeping a relatively strong buy signal (the histogram is above the signal line). Stochastic is growing almost vertically, however, it is approaching its highs, which limits the prospects for the development of the “bullish” trend in the ultra-short term. The current indicators do not contradict the further development of the upward trend in the instrument. Resistance levels: 0.6340, 0.6360, 0.6376, 0.6400. Support levels: 0.6304, 0.6282, 0.6267, 0.6235. Trading tips Long positions can be opened after the breakout of the level of 0.6340 with the target at 0.6400. Stop loss – 0.6304. Short positions can be opened after a rebound from the level of 0.6340 and a breakdown of the level of 0.6304 with the target at 0.6235 or 0.6200. Stop loss —0.6340–0.6360. 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 NZD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 7, 2019 Author Share Posted October 7, 2019 GBP/USD: the pound is trading in both directions 07.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading. Current trend The British pound showed ambiguous dynamics against the US dollar on Friday, reacting to the publication of an ambiguous report on the US labor market. In addition, investors are quite alarmed by the events around Brexit. Boris Johnson sent a new version of the agreement to Brussels, which provides for rather radical solutions to the problem with the Irish border. In particular, it proposed to create an all-island regulatory zone on the Island of Ireland, which will ensure the necessary customs control. The EU was optimistic about the UK's new proposals, but pointed out that a number of problems remained. However, until the UK has a clear agreement with the EU, the probability of a hard Brexit remains. Support and resistance Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range is slightly narrowed from above, reflecting the flat dynamics of trading in recent days. MACD indicator is gradually reversing upwards forming a new buy signal (the histogram has to consolidate above the signal line). The indicator is about to test the zero line for a breakout. Stochastic slowed down its growth and reversed into a horizontal plane, reacting to the contradictory dynamics of last Friday. One should wait for clarification of the situation to open new transactions. Resistance levels: 1.2343, 1.2384, 1.2450, 1.2503. Support levels: 1.2253, 1.2200, 1.2154, 1.2077. Trading tips To open long positions, one can rely on the breakout of 1.2343. Take profit — 1.2503 or 1.2556. Stop loss — 1.2280. Implementation time: 1-2 days. A breakdown of 1.2253 may be a signal for new sales with target at 1.2037 or 1.2000. Stop loss — 1.2343. Implementation time: 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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 9, 2019 Author Share Posted October 9, 2019 EUR/USD: the euro is declining 09.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend The European currency showed a moderate decline against the US dollar on Tuesday, continuing to develop a "bearish" impulse formed the day before. Pressure on the euro was exerted by ambiguous statistics on industrial production in Germany. On a monthly basis, production grew by 0.3% MoM in August after a decrease of 0.4% MoM in the previous month. Analysts had expected a decline of 0.3% MoM. However, in annual terms, production volumes only accelerated their decline from the previous –3.9% YoY to –4.0% YoY, which turned out to be significantly worse than expectations of –2.7% YoY. Another negative factor for the instrument remains the situation around the Brexit process. It became known the day before that Germany opposed Boris Johnson’s new plan to solve the problem with the Irish border, which significantly reduces the chances of concluding a final agreement before the end of October. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is gradually reversing downwards keeping a previous buy signal (located above the signal line). Stochastic is quite actively decreasing, having rebounded from the "80" level. The indicator signals in favor of the development of corrective decline in the ultra-short term. It is worth looking into the possibility of the downtrend development in the short and/or ultra-short term. Resistance levels: 1.0982, 1.1000, 1.1028, 1.1050. Support levels: 1.0947, 1.0924, 1.0903, 1.0878. Trading tips To open long positions, one can rely on the breakout of 1.0982. Take profit — 1.1050. Stop loss — 1.0950. The return of "bearish" trend with the breakdown of 1.0947 may become a signal for new sales with the target at 1.0878. Stop loss — 1.0982. Implementation time: 2-3 days. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on EUR/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 11, 2019 Author Share Posted October 11, 2019 USD/JPY: USD is strengthening 11.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend The US dollar rose significantly against the Japanese yen on Thursday, updating local highs of October 1. The development of the "bullish" dynamics of the instrument was facilitated by a noticeable decline in interest in safe assets in the market amid some progress on trade negotiations between the US and China. In addition, investors are optimistic about Brexit news. Macroeconomic statistics from the US and Japan released yesterday turned out to be ambiguous. Macroeconomic statistics from the US and Japan released yesterday turned out to be ambiguous. The Japanese Core Machinery Orders in August showed a decrease of 14.5% YoY after an increase of 0.3% YoY last month. Analysts expected negative dynamics, but only at –10.8% YoY. In monthly terms, the indicator decreased by 2.4% MoM after a decrease of 6.6% MoM last month. The forecast was –2.5% MoM. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range expands from above, freeing a path to new local highs for the "bulls". MACD indicator is growing keeping a fairly stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of correctional decline in the ultra-short term. Existing long positions should be kept until the situation clears up. Resistance levels: 108.11, 108.24, 108.46, 108.74. Support levels: 107.77, 107.51, 107.22, 106.95. Trading tips To open long positions, one can rely on the breakout of 108.11 or 108.24. Take profit — 108.74 or 109.00. Stop loss — 108.00 or 107.77. The rebound from 108.11 as from resistance with the subsequent breakdown of 107.90 or 107.77 can become a signal to correctional sales with target at 107.22 or 106.95. Stop loss — 108.11 or 108.24. Implementation time: 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/JPY and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 14, 2019 Author Share Posted October 14, 2019 AUD/USD: the instrument is growing 14.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The Australian dollar showed strong growth against the US currency on Friday, updating local highs of September 19. The instrument is supported by positive prospects for concluding a trade agreement between the United States and China. On Friday, the first round of new negotiations ended, following which it was decided to postpone the introduction of import duties on Chinese goods until mid-December. Donald Trump said that “the first phase of the deal was completed,” however, the final preparation of documents will take a little more than a month. China, as previously planned, will noticeably increase imports of American agricultural products by 40-50 billion dollars a year. At the same time, the markets were somewhat disappointed by the absence of Huawei situation on the agenda. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is expanding, reflecting a strong “bullish” impact in the short term. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic is growing, approaching its highs, signaling about the risks of overbought AUD in the ultra-short term. One should keep existing long positions in the short and/or ultra-short term. Resistance levels: 0.6809, 0.6829, 0.6858, 0.6883. Support levels: 0.6779, 0.6759, 0.6738, 0.6717. Trading tips To open long positions, one can rely on the breakout of 0.6809. Take profit — 0.6883 or 0.6900. Stop loss — 0.6779 or 0.6765. A breakdown of 0.6759 may become a signal to new sales with target at 0.6700 or 0.6669. Stop loss — 0.6790. Implementation time: 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 16, 2019 Author Share Posted October 16, 2019 USD/CHF: USD is strengthening 16.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading. Current trend USD rose against CHF on Tuesday, updating local highs of October 4. The decline in CHF was facilitated by not the most successful macroeconomic statistics from ZEW. German ZEW Economic Sentiments in October showed a decrease from –22.5 to –22.8 points, which, however, turned out to be better than market expectations of –27.0 points. ZEW Economic Sentiment in the euro area fell to –23.5 points from previous –22.4 in October. Investors counted at –33.0 points. Statistics from Switzerland also turned out to be weak. Producer Price Index in September showed a decrease of 0.3% MoM after a decrease of 0.2% MoM last month. Experts expected a decrease of 0.1% MoM. In annual terms, the indicator accelerated its decline from –1.9% to –2.0%, which coincided with the estimates. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the appearance of the multi-directional dynamics in recent days. MACD is trying to reverse downwards but it retains its previous buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its highs rapidly, which reflects risks of the overbought USD in the ultra-short term. One should keep existing long positions in the short and/or ultra-short term until the situation is clear. It's worthwhile to postpone opening new positions now. Resistance levels: 0.9982, 1.0000, 1.0026, 1.0047. Support levels: 0.9964, 0.9948, 0.9925, 0.9897. Trading tips To open long positions, one can rely on the breakout of 0.9982 or 1.0000. Take profit — 1.0047. Stop loss — 0.9970 or 0.9950. The breakdown of 0.9964 or 0.9948 may serve as a signal to new sales with target at 0.9897. Stop loss — 0.9982 or 0.9990. Implementation time: 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 USD/CHF and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 18, 2019 Author Share Posted October 18, 2019 EUR/USD: the euro is strengthening 18.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend EUR rose against USD on Thursday, updating local highs of August 26. EUR was supported by Brexit deal consummation between the EU and Britain. The day before, the head of the European Commission, Jean-Claude Juncker, said that the parties managed to reach a compromise and form an agreement. Later, British Prime Minister Boris Johnson announced the same. However, the detailed text of the agreement was not published and its final version will probably be made public after signing by all EU summit participants today. The “bullish” trend in the instrument was also facilitated by weak macroeconomic statistics from the USA on industrial production. Industrial Production in September fell by 0.4% MoM after rising by 0.8% MoM a month earlier. Analysts expected a decline of 0.1% MoM. Capacity Utilization for the same period fell from 77.9% to 77.5%, which was also worse than market expectations of 77.7%. Support and resistance Bollinger Bands show increase steadily in D1 chart. The price range is expanding from above, but it fails to catch the development of “bullish” trend at the moment. MACD indicator is growing, keeping quite stable buy signal (located above the signal line). Stochastic is directed upwards but is located near its highs, which indicates the overbought euro in the ultra-short term. Existing long positions should be kept until the situation clears up. Resistance levels: 1.1138, 1.1163, 1.1200. Support levels: 1.1100, 1.1074, 1.1050, 1.1023. Trading tips To open long positions, one can rely on the breakout of 1.1138. Take profit — 1.1200 or 1.1250. Stop loss — 1.1100. Implementation time: 1-2 days. The rebound from 1.1138 as from resistance with the subsequent breakdown of 1.1100 can become a signal to new sales with target at 1.1023 or 1.1000. Stop loss — 1.1138 or 1.1163. Implementation time: 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 21, 2019 Author Share Posted October 21, 2019 AUD/USD: the instrument is rising 21.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend AUD grew moderately against USD at the end of last trading week. The instrument is still growing today, but the “bullish” activity is gradually weakening. A more confident growth of AUD is hindered by the publication of not the strongest macroeconomic statistics from China. Last Friday, data on China’s GDP for Q3 2019 reflected a slowdown in the Chinese economy from +6.2% YoY to +6.0% YoY, which turned out to be worse than market expectations of +6.1% YoY. On a quarterly basis, the indicator decreased from +1.6% QoQ to +1.5% QoQ. However, there is still some positive news. In September, Retail Sales in China increased from 7.5% YoY to 7.8% YoY, while Industrial Production growth rates for the same period significantly accelerated from +4.4% YoY to +5.8% YoY with a forecast of +5.0% YoY. Support and resistance Bollinger Bands in D1 chart grow actively. The price range is expanding from above; however, it fails to keep up with such an active growth of “bullish” sentiment, which may signal about the development of correctional dynamics. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought AUD in the ultra-short term. Existing long positions should be kept until the situation clears up. Resistance levels: 0.6864, 0.6883, 0.6900. Support levels: 0.6829, 0.6809, 0.6779, 0.6759. Trading tips To open long positions, one can rely on the breakout of 0.6864. Take profit — 0.6900 or 0.6930. Stop loss — 0.6840 or 0.6830. Implementation time: 1-2 days. The rebound from 0.6864 as from resistance with the subsequent breakdown of 0.6829 can become a signal to new sales with target at 0.6779 or 0.6759. Stop loss — 0.6864. Implementation time: 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 23, 2019 Author Share Posted October 23, 2019 USD/CAD: the dollar is recovering 23.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading. Current trend Yesterday, the USD/CAD pair was trading in various directions, recovering slightly after the “bearish” start of the week. Correctional growth was facilitated by the strengthening of USD across the entire spectrum of the market, while the macroeconomic background from the USA and Canada remained ambiguous. US Existing Home Sales fell by 2.2% MoM after rising 1.5% MoM last month. Analysts expected a decrease of 0.7% MoM. However, the Richmond Manufacturing Index for October unexpectedly increased from –9 to 8 points with a forecast of –14 points. Canadian data was no better. Retail Sales for August fell by 0.1% MoM after rising by 0.6% MoM for July. Analysts had expected positive dynamics to remain at +0.4% MoM. Sales excluding automobiles for the same period fell by 0.2% MoM despite the expected growth of +0.1% MoM. Support and resistance On the daily chart, Bollinger bands steadily decline. The price range remains spacious and does not contradict the further development of the “bearish” dynamics. MACD gradually reverses upwards; however, it keeps the sell signal (the histogram is below the signal line). Stochastic’s dynamic is similar, recovering from its lows, which indicated that USD was is oversold in the very short term. It is better to wait for the buy signals from the technical indicators and to close a part of the profitable short positions. Resistance levels: 1.3100, 1.3132, 1.3170, 1.3192. Support levels: 1.3070, 1.3040, 1.3000. Trading tips Long positions can be opened after the breakout of 1.3132 with the target at 1.3224 or 1.3244. Stop loss – 1.3080. Implementation period: 2–3 days. Short positions can be opened after the breakdown of 1.3070 with the target at 1.3000. Stop loss – 1.3110. Implementation period: 1–2 days. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on USD/CAD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast 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 USD/CAD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted October 25, 2019 Author Share Posted October 25, 2019 EUR/USD: the euro is declining 25.10.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend EUR fell significantly against USD on Thursday, updating local lows of October 17. Pressure on the euro was exerted by the results of the ECB meeting, and the publication of macroeconomic statistics on business activity in the euro area. As expected, the European regulator left the interest rate unchanged at 0.00%. Deposit Facility Rate remained at –0.5%. The ECB noted that rates will remain low until clear signals for inflation rise appear. Also, on November 1, the quantitative easing program, which is supposed to help inflation recover in the medium term, will be resumed. Markit Composite PMI in the euro area in October rose from 50.1 to 50.2 points against the forecast of 50.3 points. German Composite PMI over the same period increased from 48.5 to 48.6 points with a forecast of 48.8 points. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold euro in the ultra-short term. Existing short positions should be kept until the situation clears up. Resistance levels: 1.1113, 1.1138, 1.1163, 1.1178. Support levels: 1.1074, 1.1050, 1.1023, 1.1000. Trading tips To open long positions, one can rely on the rebound from the support level of 1.1074 with the subsequent breakout of 1.1100 or 1.1113. Take profit — 1.1178 or 1.1200. Stop loss — 1.1074 or 1.1060. The breakdown of 1.1074 may serve as a signal to new sales with the target at 1.1000. Stop loss — 1.1113. Implementation time: 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
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