Antony_NPBFX Posted July 22, 2020 Author Share Posted July 22, 2020 GBP/USD: GBP is corrected 22.07.2020 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 GBP shows the flat dynamics of trading against USD during today's morning session. The instrument is retreating from its monthly highs, updated yesterday, without the support of the previous drivers. Approval of the European economic support program in the amount of EUR 750 billion does not support GBP. In turn, the "bullish" activity on the instrument has decreased after the information that the UK and the EU are unlikely to have time to agree on a trade deal before the end of the summer appeared at the market. Analysts believe that the process could drag on until the end of the year, when the Brexit transition deadline expires. Today investors do not expect interesting drivers from the UK to appear, and flat dynamics may continue. Tomorrow, investors await the publication of a report from CBI on the dynamics of industrial orders for July. In addition, the representative of the Bank of England Jonathan Haskel will speak. Support and resistance The Bollinger Bands in D1 chart show moderate growth. The price range is slightly widening from above but does not conform to the development of the "bullish" trend yet. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains an uptrend, but is located near its highs, which indicates risks of overbought GBP in the ultra-short term. Existing long positions should be kept until technical indicators are clarified. Resistance levels: 1.2766, 1.2812, 1.2900. Support levels: 1.2668, 1.2600, 1.2500, 1.2400. Trading tips To open long positions, one can rely on the breakout of 1.2766. Take-profit – 1.2900. Stop-loss – 1.2680. A rebound from 1.2766 as from resistance, followed by a breakdown of 1.2668 may become a signal for new sales with the target at 1.2500. Stop-loss – 1.2766. 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 GBP/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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 24, 2020 Author Share Posted July 24, 2020 Brent Crude Oil: prices move flat 24.07.2020 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 Today during the Asian session, oil prices are slightly increasing, correcting after a moderate decline yesterday due to the publication of the report on the dynamics of crude oil reserves from the US Department of Energy (EIA). Also, investors remain wary of new restrictive measures due to the continued rise in new cases of COVID-19. Yesterday, the total number of cases of infection in the United States approached another record high of 4 million. Thursday's report from the EIA for the week of July 17 reflected a sharp rise in crude oil and petroleum product inventories by 4.892 million barrels, which was significantly worse than the market expectations, which expected a decrease of 2.088 million barrels. The previous EIA report reflected a steady decline in reserves by 7.493 million barrels. Support and resistance On the daily chart, Bollinger bands have been showing flat dynamics for a long time. The price range remains virtually unchanged, reflecting the approximate balance of power in the short and medium term. The MACD indicator is going down, maintaining a poor sell signal (the histogram is below the signal line). Stochastic shows a similar dynamics, retreating from its highs and now is approximately in the center of its working area. To open new trading positions, it is better to wait until the signals from technical indicators are clarified. Resistance levels: 43.91, 45.00, 46.49. Support levels: 43.00, 41.50, 40.00, 38.50. Trading tips Long positions may be opened after a rebound from 43.00 and a breakout of 43.91 with the target at 45.00. Stop loss – 43.00. Implementation period: 2–3 days. Short positions may be opened after the breakdown of 43.00 with the target at 41.50. Stop loss – 43.91. Implementation period: 1–2 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 Brent 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 Brent Crude Oil and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 27, 2020 Author Share Posted July 27, 2020 EUR/USD: EUR is updating record highs 27.07.2020 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 is rising against USD today, hitting record highs since September 2018. The instrument is gaining about 0.55% and is trying to consolidate above the next resistance at 1.1700. EUR is supported by strong macroeconomic statistics on business activity from the eurozone, published last Friday. German Manufacturing PMI in July rose from 45.2 to 50 points, better than expectations. Services PMI in Germany jumped from 47.3 to 56.7 points against the forecast of growth only to 50.5 points. Composite PMI rose from 47 to 55.5 points in July, also beating its forecasts of 50.3 points. In the euro area, the Composite PMI consolidated above the 50-point mark, indicating a gradual recovery in the European economy after the crisis. At the beginning of the week, the European investors are focused on the report on business climate in Germany from IFO. Also, German Bundesbank Monthly Report is expected during the day. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is expanding, but it fails to catch the increased “bullish” activity on EUR. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, indicating risks of overbought EUR in the ultra-short term. Existing long positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up. Resistance levels: 1.1723, 1.1800, 1.1850, 1.1900. Support levels: 1.1657, 1.1600, 1.1546, 1.1500. Trading tips To open long positions, one can rely on the breakout of 1.1723. Take-profit – 1.1850–1.1900. Stop-loss – 1.1600. A rebound from 1.1723 as from resistance, followed by a breakdown of 1.1657 may become a signal for new sales with the target at 1.1546. Stop-loss – 1.1730. 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...
Antony_NPBFX Posted July 29, 2020 Author Share Posted July 29, 2020 USD/CHF: USD remains under pressure 29.07.2020 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 shows ambiguous dynamics of trading against CHF during today's Asian session. The "bearish" activity for the instrument has slowed down, but it is still trading near its 5-year lows. Today, investors are focused on the release of the Fed Meeting Minutes. Analysts do not expect any significant changes in the vector of monetary policy; however, the comments of officials are more important today than ever. There is a possibility that the Fed representatives will speak out on adjusting the target levels for inflation, given the alarming situation in the economy, as well as touch on the prospects for programs to support the economy, which are now being actively discussed in the Senate. Switzerland is to publish the ZEW Survey of Economic Expectations for July today. Forecasts suggest that the indicator may decline from 48.7 to 39.4 points. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands from below, making way for new local lows for the "bears". MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic, having approached its lows, is trying to reverse upwards, signaling in favor of the development of corrective growth in the ultra-short term. To open new positions, it is necessary to wait for the trade signals to become clear. Resistance levels: 0.9230, 0.9286, 0.9318, 0.9361. Support levels: 0.9150, 0.9100. Trading tips To open long positions, one can rely on the rebound from the support level of 0.9150 with the subsequent breakout of 0.9200. Take-profit – 0.9286. Stop-loss – 0.9150. Implementation time: 2-3 days. The breakdown of 0.9150 may serve as a signal to new sales with the target at 0.9100. Stop-loss – 0.9190. Implementation time: 1-2 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 USD/CHF and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 31, 2020 Author Share Posted July 31, 2020 XAU/USD: general review 31.07.2020 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 Gold prices are showing moderate gains again in trading in today's Asian session, recovering from the correctional decline the day before. On Thursday, the instrument retreated from its record highs and interrupted the historic rally to the level of 2000.00 amid technical factors and corrective sentiment on the US stock markets. In turn, with the opening of the American trading session on Thursday, the pressure on USD began to increase after the publication of disappointing statistics on the annual dynamics of US GDP for Q2 2020. Political risks also intensified after Donald Trump posted a proposal on his Twitter to postpone the presidential elections in the USA due to the difficult epidemiological situation in the country. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is widening from above, clearing the way for the "bulls" to new all-time highs and the target level of 2000.00. MACD indicator is growing preserving a weak buy signal (located above the signal line). For a long time now, Stochastic has been near its highs, trying to reverse into a downward plane. As before, the indicator points at the greatly overbought instrument in the ultra-short term. It is necessary to wait for clarification of the situation in the market to open new positions. Some of the long positions should be kept for some time. Resistance levels: 1980.84, 2000.00. Support levels: 1955.00, 1935.00, 1910.00, 1895.06. Trading tips To open long positions, one can rely on the breakout of 1980.84. Take-profit – 2000.00. Stop-loss – 1970.00. Implementation time: 1-2 days. The breakdown of 1935.00 may serve as a signal to new sales with the target at 1895.06. Stop-loss – 1955.00. 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 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 August 3, 2020 Author Share Posted August 3, 2020 USD/JPY: dollar shows corrective growth 03.08.2020 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 USD is showing ambiguous trading dynamics against JPY during today's Asian session, trying to develop corrective growth, the momentum for which was formed at the end of last week. Strengthening of USD positions is associated with technical factors, while there are still not many fundamental reasons for USD growth. Friday's statistics from the US again turned out to be heterogeneous, and the greatest support for USD was provided only by the Chicago PMI, which in July rose sharply from 36.6 to 51.9 points, which turned out to be better than expected by 43.9 points. JPY finds some support among macroeconomic publications from Japan. Jibun Bank Manufacturing PMI in July rose from 42.6 to 45.2 points with a neutral forecast. At the same time, the data also reflected the fall of the Japanese economy by 0.6% QoQ and 2.2% YoY in Q2 2020, which, however, did not come as a surprise. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is slightly narrowing from above, reflecting the ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics being located in the middle of its area. One should keep existing long positions and open new ones in the short and/or ultra-short term until the signals from technical indicators clear up. Resistance levels: 106.00, 106.42, 106.79, 107.00. Support levels: 105.48, 105.00, 104.50, 104.17. Trading tips To open long positions, one can rely on the breakout of 106.00. Take-profit – 106.79–107.00. Stop-loss – 105.48. The breakdown of 105.48 may serve as a signal to new sales with the target at 104.50. Stop-loss – 106.00. 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/JPY and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 4, 2020 Author Share Posted August 4, 2020 Summing up the June Battle of Traders: an impressive victory on indices and iPhone as a gift! Hello, dear forum users! The Battle of Traders doesn’t slow down even on hot summer days. 2339 people took part in the Battle for a prize pool of $ 2500 in June. The reason for the constant interest in the Battle is the opportunity to receive a real money risk-free deposit from NPBFX without own investments. Despite the fact that participants fight on virtual accounts, emotions and desire to win are always genuine! Which of the contestants made it to the top 10 in June? How did the leader of the leaderboard manage to get the super prize – the newest iPhone 11 Pro? We bring to your attention an overview of the competition results for June. The following participants entered the top 10: panand, kitku, ABU_ALLI, seregey, F4diel, Orang_Pinggiran_Oya_Eyo, bolot, paxan, Mamont44, potjie. The winner of the Battle was a trader with the nickname panand (account # 183689) – his trading portfolio consisted of only two indices (DAX30 and NASDAQ100). At the same time, he needed only 18 trades to win. With a relatively small number of transactions, the total amount on his account was equal to $ 310388.67. According to the terms of the contest, panand receives $1000 in real account and a super prize – the newest iPhone 11 Pro! Indices DAX30, S&P500, NIKKEI225, NASDAQ100 can be found in statements of other competitors as well. In addition to traditional currencies, the traders use cryptocurrencies, CFDs on commodities (oil, gas), precious metals. According to the terms of the Battle of Traders, there are no restrictions on trading strategies or instruments for participants. One can trade both with the desktop version of the MetaTrader 4 and the mobile application. A participant under the nickname albatross (account # 186813) became the record holder for the amount of open trades during the Battle – in total this score was equal to 9849 transactions! Unfortunately, the result did not allow him to enter the top ten – the trader was ranked 47th in the rating table. Considering the top ten winners, we should say that the largest number of transactions was closed by a participant under the nickname F4diel (account # 188745) – the number of transactions carried out on his account reached 405. According to the trading results, the trader took 6th place. More detailed info on the winners of the Battle is presented in the table: NPBFX congratulates the winners and thanks all traders who took part in the contest! If you want to try your hand – don’t waste your time and register to participate in the new stage of the Battle of Traders! After all, everyone can become a winner, regardless of the level of training and trading experience. How to participate in the Battle? It is enough to register on the NPBFX webpage, open a contest demo account, on which $ 5000 will be credited. To fight for the prizes, you need just to fulfill only two simple requirements: close 10 transactions and increase your initial deposit by at least 30%. Many traders successfully fulfill these tasks, as can be seen from the data of the open competition monitoring. Join us and win real money risk-free! Register for the Battle of Traders right now Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 5, 2020 Author Share Posted August 5, 2020 EUR/USD: EUR is strengthening 05.08.2020 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 is showing moderate gains against USD today, recovering to the previous record highs, renewed before the correctional decline at the end of the last trading week. Traders are inclined to sell USD, responding to further escalation of geopolitical tensions between the USA and China and watching the so far unsuccessful attempts by American lawmakers to approve new measures to support the US economy. European investors are focused on business activity statistics in the services sector of the eurozone from Markit for July. The data on Manufacturing PMI in the eurozone released at the beginning of the week turned out to be rather positive, therefore market participants are optimistic. With the opening of the American session, traders will focus on the ADP report on US employment, which will precede the release of the July report on the US labor market on Friday. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD preserves a downtrend and a weak sell signal (located below the signal line). Stochastic reversed into a horizontal plane around the center of its working area. The current readings of the indicator indicate the approximate balance of power in the short/ultra short term. To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 1.1850, 1.1900, 1.1945, 1.2000. Support levels: 1.1780, 1.1720, 1.1657, 1.1600. Trading tips To open long positions, one can rely on the breakout of 1.1850. Take-profit – 1.2000. Stop-loss – 1.1780. A rebound from 1.1850 as from resistance followed by a breakdown of 1.1780 may become a signal for new sales with the target at 1.1657. Stop-loss – 1.1850. 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 August 6, 2020 Author Share Posted August 6, 2020 $1000 and the newest iPhone 11 Pro are awarded to a trader with 20 years of experience! Introducing an interview with the winner of the Battle of Traders in June For sure, not everyone remembers the Forex market of 1999. Moreover, many Gen Z traders were not yet born. In those times, bars were drawn on paper, and trading was conducted only through the phone. Moreover, it was not one-click mobile trading which we take for granted nowadays. Back then, a transaction could only be opened by calling the broker through a landline, most often a rotary phone. Andrey Petrovich Panchenko, the winner of the June’s Battle of Traders, became a successful trader and mastered the basics of technical and fundamental analysis at the very nonce, 20 years ago. However, life has brought certain changes and he had to change his main field of activity. Recently, Andrey Petrovich has been programming expert advisers, uses modern technical indicators to predict the market, and he won the Battle by executing only 18 transactions on the DAX30 and NASDAQ100 indices! These particular indices, in his opinion, are perfectly predictable in the current market and allow earning according to the conventional trading rules. What is the point of such a classic strategy, what should stop loss protect against, why does a trader need flexibility and Buddhahood? The winner himself will answer these and other questions. Read an interesting interview and follow in the footsteps of the winners! - Andrey Petrovich, please tell us how did you know about the Battle of Traders and why did you decide to take part in it? - I knew about the Battle from one of the traders’ web forums. At that, I have known your company for a long time, 3-4 years. Actually sometimes I do programming, creating expert advisers. I am looking for a more convenient and profitable way to trade. Due to this I decided to try to participate in the Battle to test an adviser. Moreover, it was quarantine then. - June was the third competition month in which you participated. Before that, you did not manage to enter the top ten of the Battle of Traders. What helped you to move on, and not to give up? - On the first two stages, I also did a lot. However, when I looked, for example, at the others a week after the start of the Battle, then my hair almost stood on end. My adviser was slowly functioning, and other guys had already over 60, over 70 thousand dollars! I decided that with such an adviser I would not be able to win. A little bit later, I closed everything and tried to pull out the trade myself. It didn't work out. I work on shift system, so I had no time to monitor and control the situation for hours. Forex is not a game, it is a real work. - What were your first words and emotions when you found out that your results were #1 and that you were the one who won the Battle in June? Did you share this news with someone? - I was really worried, because I did not have enough time to make my trades without intermission. I saw that competitors are trying so hard to outrun me. Of course, I was nervous, at work I was monitoring from the phone my competitors’ results. I thought that if I won, I would have to open a bottle of champagne! I didn't have that, you know, wow feeling! I felt I deserved that. Everything. Surely, I wanted to rejoice, but deep inside I felt that it was well-earned victory. I try to keep a certain balance – both in joy and in sorrow. When I told my friends about the victory, many of them did not believe. I will experience the real joy when there is profit on the real trading account. - Andrey Petrovich, how long did it take you to register as a participant of the Battle of Traders? How do you evaluate the conditions of the Battle at NPBFX? - There were no problems. Everything was fine and transparent. I passed verification quickly, without issues, everything was fine. - Your trading result can be considered as one of the best in the history of the Battle. In June, the initial deposit of $ 5000 on your account has increased by 63 times (up to $ 310 888)! According to the rules of the Battle, NPBFX awards you not only $ 1000, but also a super prize – the latest iPhone 11 Pro! Was it your strategy – to win an iPhone or was it an unexpected surprise? - The situation was as follows: I was monitoring the last competitor, what he opens, the statistics. He overtook me a lot. I realized what he was doing, but he ignored the system – I mean the principles of classical trading. That was a mistake. He was going on trading, when, in fact, everything was already heading for downfall. All competitors who tried to get ahead of me, were taking random actions – they read, learned what to sell or buy, and started trading. These are their problems. I don’t do it at random – I analyze the situation – and make a transaction. That’s it. - Could you share with us – what is the principle of your trading strategy? - The point is that this is classic trading. Conventional trading, in which you need to understand where is the resistance level, where is the support level. You need to understand where the level for manual adjustments. You need to watch where it breaks, and where it does not break, and control the indicators, for example, Stochastic. I did not use any complex elements, everything was done manually. I was watching where the processes were active and where I needed to wait. I opened a transaction and was holding a position – for 15 minutes, an hour. This allows to see where the tool will go. In addition, it is important to choose the correct trading volume and, no matter how unstable are circumstances of a trading process, just keep this position. However when it goes against, it is necessary to use stop loss. Stop loss is just perfect. It protects against wrong and unexpected losses. I have no difficulties with the losses. If to take into account the fact that you and I – all traders – underwent training, and understand this system correctly, these ordinary rules are relevant. - Your trading portfolio includes only 2 instruments, including only indices DAX30 and NASDAQ100. In total, in June you closed 18 transactions, 16 of which were based on DAX30. Why did you choose indices? - It turns out that it was in that particular market situation I was the most qualified in DAX30. Frankly speaking, I liked the German index. Tomorrow I may change my opinion. In any case, I will analyze other ones as well, and, if it is clear to me, I will trade. DAX30 is more relevant to me and my systems today. I started to be interested in the indexes relatively recently; at first, I was not completely successful, the specification was somehow different. I understand that currency is currency and indices are indices. Then my past training, technical analysis came back to my memory. I noticed that it became a little risky to use classic trading on currency pairs. Previously, it worked, but now everything is mixed up; however, classic trading was still suitable for trading on indices. - The most profitable trade brought you over $162,000 in profit. Its trading volume was 50 lots. Could you tell me, did you use indicators, technical or fundamental analyzes to manage your trading? - Yes, yes and yes! At that moment there was a very clear entrance, I fully understood where it all would go. At the moment it is not clear – either there or here?! Therefore, now the evaluation of the situation is based more on current trends. Bulls and bears have fought and are waiting for help. I mean, for now you just have to wait. However at that moment I had an opportunity, I had enough time – it was my day off. I saw a clear tendency: I opened a trade and started, step by step, making money. After that, I saw a channel that would reach a certain level. So this is the way I was monitoring, controlling and constantly moving the stop loss. - During the Battle, did you open positions through the desktop version of MT4 NPBFX or through a smartphone (tablet)? - I used my computer. I wouldn't do that with my phone, I somehow can't set up the indicators. But in PC version of MT4 – that was exactly what I was doing. - What can you say about NPBFX trading conditions? On working on indices, in particular. - There are no complaints about the indices, everything is fine and well-done. Everything works clearly, that is, I haven’t find any surprises from the company there. This is how I got addicted to the indices, and from March to the present day I haven’t faced any issues. All the information I need, it is all reflected. I have not noticed requotes and other problems with the broker. I have only a positive attitude towards your company. - How often during the competition did you refer to monitoring the accounts of all participants? How useful was the monitoring? - Of course it’s useful. This is a competitive field, a person understands its own strategy, processes and strengthens. This is an opportunity to test oneself and earn what one deserves. At least for myself, it was useful for me to see what others are doing. That’s a competitive spirit! If there was no monitoring, I would have stopped. But I saw – there were competitors, so I continued. Anyway I have to control the situation. - The coronavirus pandemic has been affecting the global economy for several months. Have there been any changes in the Forex market during this time, in your opinion? - Indeed. But there is one hitch. I can share with you my analysis of the market: in such a situation there should be a great interest of investors, who are ready to pay for technologies – pharmaceuticals, all areas that promote the creation of some projects and technologies. IT, nanotechnologies, all corporations that deal specifically with technologies. These are the sectors where investors prefer to put their money. And I clearly understand that such tendency is focused on purchases. Due to this reason, the indices reflect the economic indicators of enterprises, so one just need to focus on them at the moment. - $1000 has already been credited to your real trading account with NPBFX. Are you planning to follow the same trading strategy on it as on a demo account in the Battle? - I do not know for now, here it is necessary to be rather careful. There was competition in the Battle, so there was already a big risk. This is the first time in my life when I have succeeded and won. Therefore, it is necessary to somehow save the deposit. I have to work and earn. And the Battle was just a competition. On real account I am not competing with anyone, only with myself. These are completely different things. - Andrey Petrovich, tell us a little about your professional path: what brought you to Forex – was it accidental or a conscious choice? How long have you been trading Forex? - I have been at Forex since 1999, i.e. for 21 years. It was interesting to me, I was attracted by the opportunity to earn. I have been trained. Then there were little monitoring and graphs. We drew bars on plain paper and bowed like war commanders over these graphs. I was very good at technical analysis, just instantly, then there were no indicators, experts, neurosystems. We thought it will take a long time to develop all these instruments ... I was training then when trading was performed on phones. When the Internet era started, we gained wide access – all these indicators, experts started to be developed, the modern systems started to launch. I went back to classic trading. I succeed in “manual” work – resistance, support, triangles, technical figures, Stochastic. There were times when I really made money. However at a certain moment, my life circumstances changed, and I could not devote my time to this any more. Although I am constantly engaged in Forex: I develop programs, make advisers, indicator settings, communicate on the forum. For now I have a dream – to create the so-called “Grails”. Trading Forex is much more then investing 50 dollars, it’s much more, you need to do everything in order, be ready, have your own workplace, time, develop discipline. And do just that. - What personal traits should a trader have in order to become a professional and achieve financial success? - First of all, a trader needs flexibility. Not just intelligence, but flexibility. Ability to cope with emotional impulses: joy or fear. One needs to be reserved, developing some kind of Buddha-attitude. That’s it. Just reduce emotions, they shouldn’t be there at all. In general, as I said before, you should not discard the classic trading. A trader should train all the time, open demo accounts. Just try it. - What do you do besides trading, what is your profession? - At the moment I work in production, the production of ventilation systems. But I plan to switch to trading. Maybe I’ll leave my current job. I have my experience and my knowledge. I understand that I need to do this. It’s not a game, it’s not about having fun, passion – just pure work. - Please tell me, what country are you from, what is the name of the city where you live? How old are you, are you a family man, what are your hobbies? - I am 52 years old, from Kiev, Ukraine. I used to have hobbies, I was fond of many things. At the moment I have a family and grandchildren. I love to travel, doing some hand craft. There are interesting projects that I want to implement. However, it is necessary to engage in trading, and then devote free time to the implementation of projects. - Andrey Petrovich, would you advise your friends and acquaintances to join the Battle if Traders? Why? - Of course, definitely. There are people who want to earn money – I can recommend it them. If they want, I can show them and explain all the nuances of effective trading. I can recommend online training, seminars. If they like it, I recommend the Battle of Traders. Here you can test yourself and win. - What would you like to wish NPBFX and the participants of the next Battle of Traders? - I wish you all the best. You guys are great, you enable people to do what they like, what they want! You give them the opportunity to believe in themselves, in their strength. Here I have only positive experience. Of course, I wish you great success and prosperity! And I wish the participants of the Battle the same! It doesn't matter, whatever the policy is in the country or global situation with the coronavirus, I hope everything will be fine. Because if you have money, everything will be fine! Good luck! - Andrey Petrovich, thank you for participating in the Battle and for the interview. We wish you new victories and achievements in the financial markets! And let the NPBFX real account trade be as successful as it was on your contest account in June! Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 12, 2020 Author Share Posted August 12, 2020 EUR is corrected 12.08.2020 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 declines against USD during today's Asian session, updating local lows of August 3. The instrument loses about 0.2%, preparing to test the level of 1.1700 for a breakdown. USD was again supported by President Donald Trump, who announced the preparation of a bill to reduce the capital gains tax. However, closer to the end of the afternoon session, the market still returned to negative dynamics. The euro, in turn, received support after the publication of the results of the ZEW study. ZEW Economic Sentiment in the euro area in August rose from 59.6 to 64 points, which turned out to be significantly better than market expectations of 59.9 points. ZEW Economic Sentiment in Germany for the same period soared from 59.3 to 71.5 points, while forecasts assumed its decline to 58 points. Support and resistance On the D1 chart, the Bollinger Bands are gradually reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a strong sell signal (located below the signal line). Stochastic quickly reached its zero values, which indicates the risks of EUR being oversold in the ultra-short term. Technical indicators do not contradict the further development of the downtrend in the short and/or ultra-short term. Resistance levels: 1.1780, 1.1850, 1.1900, 1.1945. Support levels: 1.1700, 1.1657, 1.1600, 1.1546. Trading tips To open long positions, one can rely on the rebound from the support level of 1.1700 with the subsequent breakout of 1.1780. Take-profit – 1.1900–1.1945. Stop-loss – 1.1700. Implementation time: 2-3 days. The breakdown of 1.1700 may serve as a signal to new sales with the target at 1.1600. Stop-loss – 1.1750. Implementation time: 1-2 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 14, 2020 Author Share Posted August 14, 2020 NZD/USD: NZD declines 14.08.2020 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 NZD has declined against USD during today's Asian session, trading near local lows from July 14, updated last Wednesday. The instrument has been declining for the sixth trading session in a row, retreating from record highs, updated earlier amid the weak USD. Some support for NZD on Friday is provided by macroeconomic statistics from New Zealand. Business NZ PMI in July grew from 56.3 to 58.8 points, which exceeded the market's expectations. At the same time, investors are cautious against the background of the publication of not the strongest statistics from China. The July pace of Industrial Production in China remained at 4.8% YoY, while analysts expected the dynamics to accelerate to 5.1% YoY. Support and resistance Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is widening from below but does not conform to the development of the "bearish" trend in the short term. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic shows flat dynamics, having approached its lows, while signaling the risks of the oversold instrument in the ultra-short term. Current showings of the indicators do not contradict the further development of the downtrend in the short term. Resistance levels: 0.6560, 0.6580, 0.6600, 0.6635. Support levels: 0.6522, 0.6500, 0.6470. Trading tips To open long positions, one can rely on the rebound from the support level of 0.6522, with the subsequent breakout of 0.6560. Take-profit – 0.6600. Stop-loss – 0.6540. The breakdown of 0.6522 may serve as a signal to new sales with the target at 0.6470. Stop-loss – 0.6550. 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 NZD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 17, 2020 Author Share Posted August 17, 2020 USD/CAD: the instrument is consolidating 17.08.2020 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 During the morning session, the USD/CAD pair shows flat dynamics, consolidating near the local lows of January 2020. At the end of last week, USD rose after the publication of positive macroeconomic statistics but the “bullish” momentum quickly lost its strength. Retail sales rose by 1.2% MoM for July after rising by 8.4% MoM for June. Analysts had expected the value to rise by 1.9% MoM. At the same time, the indicator of the "retail control group" for the same period increased by 1.4% MoM, which was much better than the forecasts of +0.8% MoM. Canada has pleased investors with an increase in the volume of industrial orders. In June, the index rose by 20.7% MoM after rising by 11.6% MoM in the previous month. Analysts expected the volume to grow by only 16.4% MoM. Support and resistance On the daily chart, Bollinger bands smoothly reverse into a horizontal plane. The price range is expanding from below, letting the “bears” renew local lows. The MACD indicator is growing, maintaining a poor buy signal (the histogram is above the signal line). Stochastic is showing a similar trend, reversing upwards near the level of 20. The indicator readings signal in favor of the development of the upward trend in the ultra-short term. The development of corrective growth is possible in the short and/or super short term. Resistance levels: 1.3250, 1.3300, 1.3350, 1.3400. Support levels: 1.3200, 1.3150, 1.3100. Trading tips Long positions may be opened after the breakout of 1.3300 with the target at 1.3400. Stop loss – 1.3250. Short positions may be opened after the breakdown of 1.3200 with the target at 1.3100. Stop loss – 1.3250. Implementation period: 2–3 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 August 19, 2020 Author Share Posted August 19, 2020 USD/JPY: trading in both directions 19.08.2020 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 USD is strengthening against JPY during today's Asian session, correcting after active decline at the beginning of the week. The instrument adds about 0.17% and is testing the level of 105.50 for a breakout. The growth of USD proceeds against the background of strengthening technical factors, as investors close part of their short positions. In addition, the Japanese macroeconomic statistics released on Wednesday put some pressure on JPY. Machinery Orders in June unexpectedly declined by 7.6% MoM after an increase of 1.7% MoM a month earlier. Analysts had expected further growth by 2% MoM. In annual terms, the decline in Machinery Orders accelerated from the previous –16.3% YoY to –22.5% YoY, which turned out to be worse than the forecasts of –17.6% YoY. Support and resistance On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is going down having formed new sell signal (located below the signal line). Stochastic retains steady downward direction but is located in close proximity to its lows, which indicates the risks of oversold USD in the ultra-short term. To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 105.70, 106.00, 106.46, 106.79. Support levels: 105.29, 105.00, 104.50, 104.17. Trading tips To open long positions, one can rely on the breakout of 105.70. Take-profit – 106.46. Stop-loss – 105.29. The return of "bearish" trend with the breakdown of 105.29 may become a signal for new sales with the target at 104.50. Stop-loss – 105.70. 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 August 21, 2020 Author Share Posted August 21, 2020 EUR/USD: EUR is recovering 21.08.2020 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 is strengthening against USD today, developing the correctional dynamics of Thursday, which replaced the active decline in the instrument on Wednesday amid the publication of the FOMC Meeting Minutes. The recovery of EUR is facilitated not only by technical factors, but also by the macroeconomic statistics from the USA published on Thursday. Initial Jobless Claims for the week ending August 14 increased sharply again from 971K to 1.106M, while analysts expected a further decline in the figure to 925K. At the same time, Continuing Jobless Claims for the week ending August 7 fell from 15.48M to 14.844M, which was better than the projected 15M. Today, European investors are focused on the data on business activity in the euro area for August. Manufacturing PMI is expected to continue moderate growth, while Services PMI is still characterized by negative forecasts. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD preserves a moderate downtrend and a previous weak sell signal (located below the signal line). Stochastic demonstrates much more confident dynamics and does not react to the resumption of growth of EUR at the end of the week. To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 1.1914, 1.1964, 1.2000. Support levels: 1.1850, 1.1780, 1.1700, 1.1657. Trading tips To open long positions, one can rely on the breakout of 1.1914. Take-profit – 1.2000. Stop-loss – 1.1860. Implementation time: 1-2 days. A rebound from 1.1914 as from resistance, followed by a breakdown of 1.1850 may become a signal for new sales with targets at 1.1750–1.1700. Stop-loss – 1.1914. 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 24, 2020 Author Share Posted August 24, 2020 USD/JPY: flat dynamics 24.08.2020 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 USD has shown moderate gains against JPY during today's Asian trading session, building on last Friday's weak "bullish" momentum. USD showed an active decline against JPY at the end of the last trading week, but managed to recover closer to the end of the daytime session, receiving support from the publication of strong macroeconomic statistics on business activity from the USA. Markit Manufacturing PMI in August increased from 50.9 to 53.6 points against the forecast of growth only to 51.9 points. Services PMI jumped from 50 to 54.8 points, which also exceeded expectations of 51 points. Existing Home Sales also showed positive results. In July, the indicator increased by 24.7% after increasing by 20.2%. Analysts had expected the indicator to slow down to 14.7%. Support and resistance Bollinger Bands in D1 chart retain flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is trying to reverse upwards but preserves its previous sell signal (located below the signal line). Stochastic demonstrates similar dynamics, maintaining an upward direction since the middle of the last trading week. The development of the uptrend is possible in the short and/or ultra-short term. Resistance levels: 106.00, 106.46, 106.79, 107.00. Support levels: 105.67, 105.29, 105.00, 104.50. Trading tips To open long positions, one can rely on the breakout of 106.00. Take-profit – 106.79. Stop-loss – 105.67. A rebound from 106.00 as from resistance followed by a breakdown of 105.67 may become a signal for new sales with the target at 105.00. Stop-loss– 106.00. 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/JPY and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 26, 2020 Author Share Posted August 26, 2020 XAU/USD: gold prices are going down 26.08.2020 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 Gold prices are showing a slight decline in trading in today's Asian session, still responding to some improvement in market sentiment. In particular, investors are in no hurry to return to long positions in the instrument amid progress in the development of a vaccine against the coronavirus. In addition, support for risky assets was provided by the phone talks between the USA and China, during which the results of fulfilling obligations under the first phase of the trade agreement signed at the beginning of the year were discussed. Investors are also looking forward to tomorrow's speech by US Federal Reserve Chairman Jerome Powell. Markets hope that the official will bring some clarity to the prospects of the regulator's monetary policy and talk about new measures to support the economy, the need for which has been repeatedly mentioned in the latest published minutes of the Fed. Support and resistance Bollinger Bands in D1 chart demonstrate active decrease. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic shows a similar trend, but falls below the level of "20", indicating the risks of the oversold instrument in the ultra-short term. One should keep existing short positions and open new ones until technical indicators are clarified. Resistance levels: 1935.00, 1955.00, 1980.84, 2000.00. Support levels: 1910.00, 1895.06, 1876.23, 1850.00. Trading tips To open long positions, one can rely on the rebound from the support level of 1910.00, with the subsequent breakout of 1935.00. Take-profit – 1980.84. Stop-loss – 1910.00. The breakdown of 1910.00 may serve as a signal to new sales with the target at 1850.00. Stop-loss – 1935.00. 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 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 August 28, 2020 Author Share Posted August 28, 2020 EUR/USD: EUR is recovering 28.08.2020 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 is strengthening against USD during today's Asian session, recovering from the active multidirectional dynamics on Thursday, which were the result of the reaction to the speech of the Fed Chairman Jerome Powell and the publication of macroeconomic statistics from the US. Powell's speech supported USD for a while, as the markets saw the long-awaited changes in monetary policy: now the Fed does not limit inflation to a strict threshold of 2%, but will allow prices to stay above this level for some time so that the American economy could recover after the crisis. Additional support for USD was provided by the updated data on the dynamics of US GDP for Q2 2020. According to new estimates, the indicator dropped by 31.7% YoY, which was better than the market's expectations at –32.5% YoY. Support and resistance Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is gradually reversing upwards keeping a previous sell signal (located below the signal line). Stochastic is demonstrating a more confident uptrend, signaling in favor of the development of an ultra-short-term "bullish" trend for EUR. To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 1.1850, 1.1914, 1.1964, 1.2000. Support levels: 1.1780, 1.1700, 1.1657, 1.1600. Trading tips To open long positions, one can rely on the breakout of 1.1914. Take-profit – 1.2000. Stop-loss – 1.1860. A rebound from 1.1914 as from resistance followed by a breakdown of 1.1880 may become a signal for new sales with the target at 1.1780. Stop-loss – 1.1930. 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 August 31, 2020 Author Share Posted August 31, 2020 USD/JPY: the pair is trading in both directions 31.08.2020 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 is actively growing against the Japanese yen today, compensating for the sharp drop at the end of last week. Then the yen showed active growth and retreated from two-week lows in response to the resignation of Japanese Prime Minister Shinzo Abe, who decided to leave the post due to deteriorating health. The demand for the Japanese currency rose markedly, as analysts suggested the beginning of a possible repatriation of capital due to the sharply increased political uncertainty. This week, the yen is pressured by the ambiguous macroeconomic statistics. Retail sales in July decreased by 3.3% MoM and 2.8% YoY, which turned out to be significantly worse than the market forecasts of +8% MoM and +2.4% YoY. Industrial output contracted by 16.1% YoY in July after falling by 18.2% YoY last month. MoM, the indicator rose by 8%, sharply accelerating from the previous value of +1.9%. Support and resistance Bollinger Bands in the D1 chart demonstrate a gradual decrease. The price range is narrowing from above, reflecting a sharp change of trend in the short term. MACD is going down having formed a weak sell signal (histogram is located under the signal line). Stochastic is declining more actively and is currently rapidly approaching its minima. The current showings of the indicators do not contradict the further development of the downtrend in the short and/or ultra-short term. Resistance levels: 105.67, 106.00, 106.46, 106.79. Support levels: 105.29, 105.00, 104.50, 104.17. Trading tips To open long positions, one can rely on the breakout of 105.67. Take profit – 106.30. Stop-loss – 105.35. A confident breakdown of 105.29 may serve as a signal to further sales with the target at 104.70. Stop-loss – 105.67. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted September 2, 2020 Author Share Posted September 2, 2020 EUR/USD: EUR is corrected 02.09.2020 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 is trading in both directions against USD during today's Asian session, consolidating at 1.1900. EUR retreated from its record highs since May 2018 and the important psychological level of 1.2000, responding to the emergence of not the most confident macroeconomic statistics from Europe yesterday. Core Consumer Price Index in the euro zone slowed down in August from 1.2% YoY to 0.4% YoY, which turned out to be noticeably worse than market expectations at 0.9% YoY. Consumer Price Index for the same period fell by 0.2% YoY, while investors expected its growth by 0.2% YoY. Unemployment Rate in the euro area in July rose from 7.7% to 7.9%, which was only 0.1% better than the forecasts. In turn, USD received some support after the publication of statistics from the US on business activity from ISM. Today, traders are focused on the US ADP report on Employment Change in August, as well as the monthly economic review, the Fed's Beige Book. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range expands slightly from above, indicating that "bullish" momentum may persist in the short term. MACD is reversing downwards forming a new sell signal (trying to consolidate below the signal line). Stochastic demonstrates similar dynamics, reversing downwards at the level of "80". Resistance levels: 1.1914, 1.1964, 1.2000. Support levels: 1.1881, 1.1850, 1.1780, 1.1700. Trading tips To open long positions, one can rely on the rebound from the support level of 1.1881, with the subsequent breakout of 1.1914. Take-profit – 1.2000. Stop-loss – 1.1870. The breakdown of 1.1881 may serve as a signal to new sales with the target at 1.1820. Stop-loss – 1.1914. 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 4, 2020 Author Share Posted September 4, 2020 Brent Crude Oil: oil prices decline 04.09.2020 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 Today during the Asian session, oil prices are showing ambiguous dynamics, consolidating near the level of 43.00. Yesterday, the instrument renewed local lows since the beginning of August, responding to the appearance of poor macroeconomic statistics, which reflected the slow pace of recovery of the world economy after the coronavirus epidemic. Also, the market fears a further decline in demand for oil and gasoline amid current restrictions on international flights and the closure of several US refineries for maintenance. The report from the US Department of Energy, published on Wednesday, significantly supported the “bullish” sentiment. For the week of August 28, oil reserves fell sharply by 9.362 million barrels after falling by 4.689 million barrels in the previous period. Analysts had expected a decrease of only 1.887 million barrels. Support and resistance On the daily chart, Bollinger bands are moving flat. The price range is slightly expanding but not as fast as the “bearish” dynamics develop. The MACD indicator is going down, maintaining a poor sell signal (the histogram is below the signal line), and is trying to consolidate below the zero line. Stochastic maintains a confident downward trend but is rapidly approaching its lows, which indicates that the instrument is oversold in the ultra-short term. It is better to keep the current short positions in the nearest time intervals. Resistance levels: 43.49, 43.90, 44.51, 45.00. Support levels: 43.00, 42.76, 42.32, 42.00. Trading tips Long positions may be opened after a rebound from 43.00 and the breakout of 43.49 with the target at 44.51. Stop loss – 43.00. Short positions may be opened after the breakdown of 43.00 with the targets at 42.32–42.00. Stop loss – 43.49. 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 Brent 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 Brent Crude Oil and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
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