Antony_NPBFX Posted March 15, 2021 Author Share Posted March 15, 2021 USD/JPY: return to the record highs 15.03.2021 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 continues to rally against JPY during today's morning session, trading near record highs and again trying to consolidate above the psychological level of 109.00. USD is in high demand amid yet another rise in the yield on US Treasury bonds. In addition, low demand for safe assets puts additional pressure on JPY. Macroeconomic statistics from Japan published today does not have a significant impact on the dynamics of the instrument. Machinery Orders in Japan in January decreased by 4.5% MoM after growth by 5.2% MoM in the previous month. Analytical forecasts assumed a decrease in the indicator by 5.5% MoM. On an annualized basis, the indicator slowed sharply from +11.8% YoY to +1.5% YoY, which nevertheless was better than the negative forecasts of analysts at –0.2% YoY. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic reversed upwards again after a short decline last week. The indicator readings continue to indicate that USD is overbought in the ultra-short term. Current showings of the indicators do not contradict the further development of the "bullish" trend in the short term. Resistance levels: 109.37, 109.84, 110.23. Support levels: 109.00, 108.63, 108.15, 107.78. Trading tips To open long positions, one can rely on the breakout of 109.37. Take-profit – 110.23. Stop-loss – 108.85. Implementation time: 1-2 days. A rebound from 109.37 as from resistance, followed by a breakdown of 109.00 may become a signal for new sales with the target at 108.15. Stop-loss – 109.50. 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 March 17, 2021 Author Share Posted March 17, 2021 XAU/USD: awaiting the Fed meeting minutes 17.03.2021 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 during today's morning trading session, recovering to local highs since March 1, updated the day before. Investors are in no hurry to open new trading positions, preferring to wait for comments from the US Federal Reserve, whose minutes will be published today. It is expected that the American regulator will not change the parameters of monetary policy, and will also reiterate its commitment to low interest rates for a long time. To assess the prospects for changing the vector of monetary policy, employment indicators are used, as well as the current dynamics of inflationary pressures in the market, taking into account the size of the economic stimulus program from President Joe Biden. Gold is slightly supported by stabilization of US bond yields, which, however, continue to remain near record highs. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing from above, reflecting the multidirectional dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought gold in the ultra-short term. Current showings of the indicators do not contradict the further development of the uptrend in the short term. Resistance levels: 1741.02, 1753.57, 1769.59, 1800.00. Support levels: 1720.00, 1703.07, 1687.15, 1675.00. Trading tips To open long positions, one can rely on the breakout of 1741.02. Take-profit – 1769.59. Stop-loss – 1725.00. Implementation time: 1-2 days. A rebound from 1741.02 as from resistance, followed by a breakdown of 1720.00 may become a signal for new sales with the targets at 1687.15–1675.00. Stop-loss – 1741.02. 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 March 19, 2021 Author Share Posted March 19, 2021 GBP/USD: return to the previous levels 19.03.2021 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 is showing ambiguous performance against USD today, consolidating around 1.3920. Market activity is gradually decreasing, and investors are trying to fix their profits after a number of publications and events during the week. The decision of the Bank of England on the interest rate released on Thursday had practically no effect on the dynamics of the instrument, which still reacts to the yield of American bonds. The board members of the British regulator once again voted unanimously to keep the current rate at 0.1%. The volume of the quantitative easing program also remained unchanged at GBP 895B. Insignificant support for GBP on Friday was provided by the data on the level of consumer confidence in the UK in March. According to data from Gfk, the Consumer Confidence index rose from –23 to –16 points, which turned out to be better than forecasts at the level of –20 points. Support and resistance Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, on the other hand, maintains an uptrend and reacts very slowly to the appearance of "bearish" trend in the last few days. To open new positions, it is necessary to wait for the trade signals to become clear. Resistance levels: 1.3924, 1.4000, 1.4050, 1.4100. Support levels: 1.3857, 1.3800, 1.3760, 1.3700. Trading tips The breakdown of 1.3857 may serve as a signal to new sales with the target at 1.3760. Stop-loss – 1.3900. Implementation time: 1-2 days. To open long positions, one can rely on the rebound from the support level of 1.3857 with the subsequent breakout of 1.3924. Take-profit – 1.4050. Stop-loss – 1.3857. 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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 21, 2021 Author Share Posted March 21, 2021 “High volatility pairs should be used in the Battle”. Interview with the winner of the January’s Battle of Traders held by NPBFX $95,000 profit on one DAX30 transaction and a total result of over $ 250,000 on the account in just a month! The winner of the Battle, Arkady Avvakumov from Chisinau, explains that the reason for such impressive trading success in January is 15 years of experience in Forex, wonderful conditions of the Battle and good luck. He is not used to giving up and deliberately focused on reaching the goal of not only becoming the leader of the Battle, but also getting the super prize – the latest iPhone 12 Pro. Arkady professionally closed all Bitcoin transactions on his account with a plus balance. He is comfortable trading on the desktop version of MetaTrader 4 terminal, and relies on technical analysis for carrying out market forecasting. Why does the winner think that the competitive trading portfolio should consist of high volatility instruments? And what can we expect from Bitcoin? You will find answers to these and other questions in the interview. - Arkady, please tell us how you learned about the Battle of Traders and why you decided to take part in it? - On the Internet, of course, at some forum, as far as I remember. It became interesting to take part in the Battle. - You have already participated in the competition, as I know, but did not reach the top places. What helped you move on, struggle for victory? - I think I was lucky. Luck helped, I guess. I don’t like to give up. - What were the first words and emotions when you found out that your account was the winner of the Battle in January, among 2389 participants? - I don't remember, but it was great! - Did you share this news with someone? - Well, of course, I shared it with my family. When they knew about it, they were glad, this news were pleasant for them as well. - Arkady, how long did it take you to register for the Battle of Traders? What you can generally say about the conditions of NPBFX’s Battle? - Everything is pretty quickly. In general, there are no complaints about the Battle, on the contrary, it is very great that it is being held. - You closed 64 transactions in January. At the same time your trading portfolio includes 4 instruments: gold, bitcoin, index DAX30 and currency pair USD/ZAR. Can you please share what is the essence of your trading strategy? - In the contest you want to use currency pairs with higher volatility otherwise you won’t get far. - You have shown an excellent trading result: the initial deposit of $ 5000 in your account was increased by 50 times (up to $251 413)! According to the rules of the Battle, NPBFX awards you not only with $1000, but also with a super prize – the latest iPhone 12 Pro! Was it your plan to get an iPhone, or was it just a pleasant surprise? - I have done it on purpose. - The most profitable trade was the last trade carried out on January 29 at DAX30. It was opened for 100 lots and brought you more than $95,000 in profit. Could you tell me, do you use technical or fundamental analysis for market forecasting? - Technical one. - Recently, there has been a growing interest in crypto trading on financial markets. All your bitcoin trades on the competition account were profitable. How do you assess the trading conditions for cryptocurrencies at NPBFX and what are the prospects for bitcoin? - The conditions, as I said, are wonderful. I really like them. It is difficult to say about the prospects for bitcoin. To my mind, volatility trend will continue. - You have also actively traded the USD/ZAR (US Dollar/South African Rand) currency pair. What is the reason for your interest in this exotic instrument? - I am watching its performance, it has high volatility. - During the Battle, did you open positions through the desktop version of NPBFX MT4 or through a smartphone (tablet)? - Desktop one, using a phone for that is uncomfortable for me. - How often during the Battle did you refer to monitoring the accounts of all participants? How useful was the monitoring? - Very helpful. I often turned to monitoring, and in general it was interesting to see how people trade. - What qualities should a trader have in order to become a professional and achieve financial success? - That’s a very difficult question. To be honest, I don’t know a professional who would consistently make money on Forex. - For more than a year, the global economy has been affected by the coronavirus pandemic. Did Forex market somehow change during this time, in your opinion? - Yes, it is constantly changing, it's hard for me to say the real reasons for that, it can be either the virus, or something else. - $ 1000 has already been credited to your real trading NPBFX account. Are you planning to follow the same trading strategy on it as on a demo account in the Battle? - Probably not. We need to have certain precautions. - Arkady, tell us a little about your career path: how long have you been trading Forex? What’s your educational background? - I’ve been trading for a long time. About 15 years ago, probably, I got acquainted with Forex. Studying? I have been studying for all these 15 years. - What do you do outside of trading, what is your profession? - There were many professions, I am almost a pensioner, this year I am retiring. - Please tell me, what country are you from, where do you live? How old are you, are you a family man, what are your hobbies? - I live in Moldova, the city of Chisinau. Wife, son, two granddaughters, I’m 62 years old. My hobby is fishing. - How popular is trading on financial markets in your country? - Yes, popular, as elsewhere, probably. You must better know where your traders are from. - Arkady, would you advise your friends and acquaintances to join the Battle of Traders? Why? - I would recommend. Your competition is one of the best. - What would you like to wish NPBFX and the participants of the next Battle of Traders? - Victories for the participants, and new heights for the broker. - Thank you for participating in the Battle and answering the interview questions. Let your NPBFX real account trade be as successful as it was on your contest account in January! Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 22, 2021 Author Share Posted March 22, 2021 XAU/USD: gold resists bond rally 22.03.2021 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 quotes are correcting upwards, trading at $1,740 per ounce. The instrument was not significantly pressured by the explosive growth in the US bond market, where the yield on 10-year securities exceeded 1.75%. Strong pressure on gold may begin when this yield exceeds 2% but this is still a long way off. According to Bloomberg, exchange-traded funds, which are backed by physical gold, continue to report outflows totaling 144K ounces, which is not much compared to the outflow of more than 300K ounces a week earlier. Overall, the price looks fairly stable amid growing geopolitical risks. The new presidential administration in the United States continues its aggressive policy towards China and Russia, which provokes demand for defensive assets, which are the precious metals. Support and resistance After reaching the support line, the quotes move within the global downtrend channel, heading up. Technical indicators are ready to reverse and give a buy signal. The fluctuation range of the Alligator EMA indicator began to actively narrow, and the AO oscillator histogram is forming new upward bars. Resistance levels: 1763.0, 1863.0. Support levels: 1682.0, 1600.0. Trading tips After corrective growth or consolidation above the local resistance level of 1763.0, buy positions with the target at 1863.0 will be relevant. Stop loss is 1700.0. Implementation period: 7 days or more. After decline or consolidation below the local minimum of 1682.0, sell positions with the target at 1600.0 will be relevant. Stop loss is 1730.0. 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 March 24, 2021 Author Share Posted March 24, 2021 USD/JPY: updating local lows 24.03.2021 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 declining against JPY today, developing the "bearish" momentum that had formed the day before and canceling out the results of the "bullish" start of the week, when the instrument tried to retreat from its weekly lows. USD is under pressure from the yield on US bonds, which has been showing negative dynamics over the past few days. In addition, investors are worried about the increasing price pressure against the background of significant injections of funds into the national economy to stimulate its recovery. However, the US Fed is still taking a cautious position, considering the growth of inflation to be acceptable and reporting that it has all the necessary tools to control it in the future. The Bank of Japan's meeting minutes on the interest rate published today do not influence the dynamics of the instrument much. The Japanese regulator plans to keep the parameters of monetary policy unchanged until the market situation improves. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range expands slightly from below, making way for new local lows for the "bears". MACD is going down preserving a sell signal (located below the signal line). Stochastic maintains a downtrend but is experiencing difficulties in overcoming the level of "20" from above. The readings of the indicator signal the growing 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: 108.61, 109.00, 109.37, 109.84. Support levels: 108.15, 107.78, 107.42, 107.00. Trading tips The breakdown of 108.15 may serve as a signal for new sales with the target at 107.42. Stop-loss – 108.61. Implementation time: 1-2 days. To open long positions, one can rely on the rebound from of 108.15 with the subsequent breakout of 108.61. Take-profit – 109.37. Stop-loss – 108.15. 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 March 26, 2021 Author Share Posted March 26, 2021 USD/CAD: the pair shows ambiguous trades 26.03.2021 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 Today, USD is moderately declining against CAD during the Asian session, retreating from the local highs of March 11, renewed yesterday. At the end of the week, USD weakens, despite the publication of strong macroeconomic statistics from the US on Thursday. Investors assess the prospects for new difficulties in the economy, provoked by the blocking of the Suez Canal and deterioration in relations between the United States and China. The channel has remained blocked since Tuesday, with more than 200 ships currently waiting in line. New difficulties in relations between the United States and China were caused by the refusal of several American companies to cooperate with Chinese cotton suppliers from Xinjiang province, where, according to Washington, human rights are repeatedly and grossly violated. On Friday, investors will focus on the American statistics on the dynamics of personal income and spending in February. Also, the University of Michigan Consumer Confidence Index for March is expected to be released during the day. Support and resistance On the daily chart, Bollinger bands reverse into a horizontal plane. The price range slightly widens from above, letting the “bulls” renew local highs. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic reached its highs and reversed downwards, reacting to the "bearish" dynamics of Friday and signaling that USD is overbought in the super short term. Resistance levels: 1.2600, 1.2627, 1.2650, 1.2700. Support levels: 1.2570, 1.2500, 1.2439, 1.2400. Trading tips Short positions may be opened after the rebound from 1.2627 and the breakdown of 1.2570 with the target at 1.2500. Stop loss – 1.2610. Implementation period: 1–2 days. Long positions may be opened after the breakout of 1.2627 with the target at 1.2700. Stop loss – 1.2580. 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 March 29, 2021 Author Share Posted March 29, 2021 AUD/USD: consolidation pending new drivers 29.03.2021 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 shows flat dynamics against USD during today's Asian session, trading near the local highs since March 23. Last Friday, the instrument showed quite active growth, which was mainly due to technical factors, as well as not the strongest macroeconomic statistics from the USA. Personal spending in the US fell by 1% MoM in February after rising by 3.4% MoM in the previous month. Analysts had expected "bearish" trend to appear, but counted on only –0.7% MoM decline. Personal income in February also showed a sharp decline of 7.1% MoM after increasing by 10.1% MoM in January. The instrument is further supported by a gradual recovery in global trade activity as vaccination programs spread and scale up. Support and resistance Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD has reversed to growth and is about to form a new buy signal (the histogram should be located above the signal line). Stochastic is showing similar dynamics, retreating from its lows, indicating the risks of oversold AUD in the ultra-short term. Existing long positions should be kept and new ones should be opened until technical indicators are clarified. Resistance levels: 0.7644, 0.7675, 0.7721, 0.7770. Support levels: 0.7600, 0.7556, 0.7500. Trading tips To open long positions, one can rely on the breakout of 0.7644. Take-profit – 0.7770. Stop-loss – 0.7580. Implementation time: 2-3 days. A rebound from 0.7644 as from resistance, followed by a breakdown of 0.7600 may become a signal for new sales with the target at 0.7500. Stop-loss – 0.7650. 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 31, 2021 Author Share Posted March 31, 2021 USD/JPY: updating annual highs 31.03.2021 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 solid gains against JPY, developing strong "bullish" momentum since March 24. The instrument is adding about 0.50% and is located not far from another strong resistance at 111.00, above which the pair rose a year ago. USD is strengthening across almost the entire market, responding to the renewed growth in US Treasury yields and awaiting a new plan to change infrastructure spending in the US from President Joe Biden. Today's macroeconomic statistics from Japan turned out to be rather depressing. Industrial Production in February decreased by 2.1% MoM after an increase by 4.3% MoM a month earlier. Analysts had expected the decline by 1.2% MoM. On an annualized basis, production rates slightly improved from –5.2% YoY to –2.6% YoY, which can hardly be called strong data. Support and resistance On the D1 chart Bollinger Bands are reversing into the ascending plane relatively quickly. The price range is actively expanding, but it fails to catch the surge of "bullish" sentiment at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into the horizontal plane indicating risks of overbought USD in the ultra-short term. Resistance levels: 111.00, 111.70, 112.44, 113.00. Support levels: 110.23, 109.84, 109.37, 109.00. Trading tips To open long positions, one can rely on a confident breakout of 111.00. Take-profit – 112.00–112.44. Stop-loss – 110.23. Implementation time: 2-3 days. A rebound from 111.00 as from resistance, followed by a breakdown of 110.23 may become a signal for new sales with the target at 109.37. Stop-loss – 110.70. 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 April 2, 2021 Author Share Posted April 2, 2021 NZD/USD: the pair is recovering positions 02.04.2021 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 is developing a "bullish" trend against USD in today's trading in Asia, updating local highs since March 23. The uptrend was triggered by technical factors, as well as the correction in the yield of US bonds, which reacted to the speech of US President Joe Biden. Biden outlined the main essence of his program to modernize the country's infrastructure, which will cost American taxpayers more than USD 2 trillion. At the same time, the presidential administration is considering the possibility of increasing taxes, which will definitely meet with resistance in the Republican camp. Yesterday's macroeconomic statistics from the USA provided moderate support to USD. The ISM manufacturing PMI rose from 60.8 to 64.7 points in March, well ahead of its growth forecasts to 61.3 points. The ISM Manufacturing Employment Index for the same period rose from 54.4 to 59.6 points, while analysts expected it to decline to 53 points. 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. The MACD indicator is growing, indicating the potential for short-term corrective growth. Stochastic is showing similar dynamics, but the indicator line is close to the level of "80", indicating the overbought NZD is in the ultra-short term. Resistance levels: 0.7050, 0.7100, 0.7150, 0.7200. Support levels: 0.7000, 0.6954, 0.6913, 0.6853. Trading tips To open long positions, one can rely on the breakout of 0.7050. Take-profit – 0.7150. Stop-loss – 0.7000. Implementation time: 2-3 days. A rebound from 0.7050 as from resistance, followed by a breakdown of 0.7000 may become a signal for new sales with the target at 0.6913. Stop-loss — 0.7050. 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 April 5, 2021 Author Share Posted April 5, 2021 USD/CHF: upward trend 05.04.2021 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 has posted marginally gains against CHF during today's Asian session, building on a weak "bullish" momentum that formed last Friday. Trading activity remains low today as European markets are closed until Tuesday for Easter. The Friday report on the US labor market for March was also ignored, but a reaction to it should be expected already with the opening of today's American session. The report reflected a sharp increase in the number of nonfarm payrolls in March by 916K, after rising by 468K in the previous month. Market forecasts assumed an increase of only 647K. At the same time, the average hourly wages in March unexpectedly decreased by 0.1% MoM after increasing by 0.3% MoM over the previous period. Analysts had expected the positive dynamics to remain at the level of +0.2% MoM. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the appearance of ambiguous dynamics of trading in the short/ultra-short term. MACD is going down having formed a new weak sell signal (located below the signal line). Stochastic demonstrates a similar dynamics, being located approximately in the center of its area, indicating the prospects for the development of a corrective decline in the nearest future. Resistance levels: 0.9471, 0.9500, 0.9540, 0.9572. Support levels: 0.9400, 0.9350, 0.9300, 0.9250. Trading tips To open long positions, one can rely on a confident breakout of 0.9471. Take-profit – 0.9572. Stop-loss – 0.9415. Implementation time: 2-3 days. The return of "bearish" trend with the breakdown of 0.9400 may become a signal for further sales with target at 0.9300. Stop-loss – 0.9450. 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 April 7, 2021 Author Share Posted April 7, 2021 USD/JPY: USD remains under pressure 07.04.2021 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 flat dynamics against JPY, consolidating near 109.75 after an active decline in the instrument the day before. The macroeconomic statistics from the US published yesterday did not provide any noticeable support to USD. At the same time, the IBD/TIPP Economic optimism index in the USA in April rose from 55.4 to 56.4 points, and the Redbook index of retail sales for the week ending April 2 added 10.6% YoY, accelerating from the previous growth by 9.8% YoY. Yesterday's statistics from Japan, in turn, disappointed with a sharp fall in Overall Household Spending in February by 6.6% YoY, while analysts had expected their decline by only 2.1% YoY. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short/medium term. MACD indicator reversed downwards at the end of the last trading week and maintains a strong sell signal (the histogram is below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD 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: 109.84, 110.23, 110.54, 111.00. Support levels: 109.37, 109.00, 108.61, 108.15. Trading tips To open new short positions, one can rely on the breakdown of 109.37. Take-profit – 108.61. Stop-loss – 109.70. Implementation time: 1-2 days. A rebound from 109.37 as from support followed by a breakout of 109.84 may become a signal for new purchases with the target at 110.54. Stop-loss – 109.37. 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 April 9, 2021 Author Share Posted April 9, 2021 February "Battle of Traders” results: 100% of profitable trades of the winner and top 10 prizes February is known to be the shortest month of the year. But this fact did not become an obstacle for 2275 traders to participate in the Battle of Traders. This is how many contest accounts were registered in February. Traders fought for a $2,500 prize and a super prize – the latest iPhone 12 Pro! Prizes were credited to real trading accounts of the top 10 best traders of the month, but super prize in February remained unreleased. However, the contest account of the leader with the nickname Akella attracts attention by the fact that all 34 transactions on it were closed with profit. Excellent 100% result! Let's move on to other interesting facts of the February’s Battle of Traders. It's incredible – just $7 is the difference between 1st and 2nd place! If we talk about records, then the trader with the nickname Arfak (account №235871) became the absolute record holder for the number of closed trades. The account statement shows 21431 trades with EUR/USD pair and GBP/JPY pair. Unfortunately, this was not enough to reach top 10. The participant with the nickname maxspb (account # 237182) became the record holder for the number of transactions among the winners – he opened 230 trades with a range of instruments. His portfolio includes cryptocurrencies, traditional currency pairs, indices and metals. Trader took second place in this month’s Battle. At the same time, another winner with the nickname dwiatins (account # 236165) needed only minimum required amount of trades - 10 transactions - in order to enter top 10 and take the fifth prize. It is noteworthy that the trader used only one currency pair during trading – GBP/USD. In general, diversity prevails in the trading portfolios of traders. This can be called a stable tendency, because more and more participants use all types of available trading options provided by NPBFX. Indices (in particular, S&P500), stocks, gold, traditional currency pairs, cryptocurrencies became very popular. Individual traders opt for more exotic assets (for instance, EUR/NZD or GBP/NZD). Interestingly, so-called “mono”-accounts, trading on which is focused exclusively on one instrument, are becoming less and less common. Participants with the nicknames Akella, maxspb, VaVlad, Asepfer, dwiatins, Ngadiono, barun, Tajikistan, Lucciano, SniperPro_FX became the best traders according to the results of the February’s Battle, who divided the prize pool of $2500. We congratulate the winners and sincerely thank all the traders who fought for the prize fund in the February’s Battle of Traders! Everyone can take part in the new stage. The Battle does not require financial investments and is held on demo accounts. NPBFX wishes impressive results both to the participants of the Battle and to all clients in the company! Register for the Battle of Traders. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted April 12, 2021 Author Share Posted April 12, 2021 “Women are less risky and more rational in trading”. Introducing an interview with the first female winner of the “Battle of Traders” The Battle of Traders is held by NPBFX for the third year in a row. However, February Battle was the first of 27 completed contests, where the winner was a woman – Larisa Alexandrovna Babkina. There is not a single losing trade on the winner’s trading account. All 34 positions were closed with a profit! Probably, the well-known Siberian temper and a hard-working nature helped Larisa Alexandrovna to withstand high competition – she lives in the oldest city of Siberia – Novokuznetsk. The winner herself states that tranquility was a decisive factor for victory in trading. Having educational background as a teacher, she relies exclusively on technical analysis in making trading decisions. According to Larisa Aleksandrovna, during the Battle she did not use monitoring, so as not to indulge to gaming excitement. Calmness and discretion, in her opinion, distinguish male and female styles of trading. She studied trading by her own, she came to Forex a long time ago. After a long pause, the Battle of Traders became a new starting point for Larisa Alexandrovna in her professional growth. We introduce an interview with the winner, where she will talk about her strategy, attitude to the volatile market and more. - Larisa Aleksandrovna, where and when did you find out about the Battle of Traders? - I was registered with NPBFX for a long time. I watch the news periodically. It turns out that first I registered, and then I learned about the Battle. - What was your reaction and emotions to the news that your account was the winner of the Battle of Traders in February? - Unexpectedly, of course. I, in general, did not monitor the event. It was just interesting for me, let's say, to test a new strategy, to give myself a try. Therefore, I made leisurely movements, I did not participate in a race. - As I understand, you have not even used monitoring to know your position in the Battle? - I did not look there. I thought – let it be. I think that monitoring is something that causes excitement, but it should not be in the first place for me. - Did you share the news that you became the winner of the competition with someone? - I don’t need many people to share, just with the family and that's it. - Larisa Aleksandrovna, how long did it take you to register for the Battle of Traders? How do you assess the conditions of the Battle at NPBFX? - Registration took five seconds. The terms and conditions of the Battle are convenient, everything is clear. - Are there any suggestions, comments? - No, actually. Everything is extremely simple. - In February, initial deposit of 5000 on your account increased by more than 8 times (up to $43,091.32)! Please tell us about your trading strategy. What is its essence? - I rely only on technical analysis. That’s it. For me, the levels are in the first place, perhaps there are still some impulses, there is no reason to complicate. - During the Battle, you made 34 transactions. It is noteworthy that there is not a single unprofitable transaction on the statement: you closed all positions with a profit. How did you manage to predict the market so accurately, precisely with the help of technical analysis? - Yes. - The vast majority of transactions of your trading portfolio were in the S&P500 stock index. Why did you choose this particular tool? - This index is volatile. It is the volatility of the markets, I suppose, based on technical analysis, makes it easier to work. However, tastes differ. - Did you trade yourself, did you use any advisors? - No. - Do you prefer to trade via computer or phone or tablet? - Computer. - What can you say about the trading conditions of NPBFX? Indices, in particular. - Oh, well, here I have no complaints, no difficulties, nothing. Basically, I look at the charts, I analyze, and either I go in or I don’t go. - Have you used our Analytical Portal, are you familiar with it or do you prefer everything on your own? - I prefer to do it myself. You know, the more information you load into your brain, the worse it works. It is enough to focus yourself on one thing. For example, I see levels, both strong and weak, and so on, and I am guided by this. - In your opinion, what plays a decisive role in winning the Battle: trading strategy, luck, psychology of a trader? Something else? - “Cool” head. - For more than a year, the global economy has been under the coronavirus crisis pressure. Has Forex market changed during this time, to your mind? - It is constantly changing. It is not the same. Over the past year, I have paid almost no attention to trading due to personal issues. Realizing that I had to move, I had to develop somehow, I began to pay attention, step by step, and I took part in the Battle. - How long have you been trading Forex, how did you study – independently, perhaps you took some trainings. How did you start this journey? - Oh, I studied by myself for a long time, I didn’t take any trainings. At first, I just watched how people work, some indicators, something else. I just looked at all this and began to slowly follow the market, because any indicator is temporary, I suppose. You still need to see the general concept. - It is good to note that for more than two years of our Battle you have become the first female winner. Before that, only men won. In your opinion, are there any differences between the “female” approach to trading and the “male” one? If so, what are they? - I don’t know, maybe the difference is that women are less gambling. They work more calmly, judiciously, slowly. Haste makes waste. - Please tell me, what country are you from, what is the name of the city where you live? Are you a family woman? - Sure, I have a family. I have a husband, daughter, two grandchildren. I am from the city of Novokuznetsk, Siberia. - What do you do besides trading? - Some time ago I was a teacher. I’ve gone through a lot in my life. Because the profession of a teacher, as you understand, is enough to earn a loaf of bread, but not enough to earn butter. - Would you advise your friends and acquaintances to join the Battle of Traders? - I have already advised, and, in my opinion, several people have registered, I do not know for sure. It seems like people follow my advice. - What would you like to wish NPBFX and the participants of the next Battles of Traders? - I wish the participants, of course, good luck, success, victories, a cool head. - Larisa Alexandrovna, thanks for the interview. Let your NPBFX live account trade be as successful as it was on your contest account in February! Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted April 14, 2021 Author Share Posted April 14, 2021 NZD/USD: updating local highs 14.04.2021 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 is showing active gains against USD in today’s Asian trading, building on the weak "bullish" momentum it had formed the day before. The pair adds about 0.50% and is about to test the level of 0.7100 for a breakout. In addition to the weak positions of USD, the decision of the Reserve Bank of New Zealand (RBNZ) on the interest rate provides moderate support to NZD. As expected, the regulator did not change the parameters of monetary policy, maintaining the key interest rate at 0.25%. In the follow-up statement, the RBNZ Monetary Policy Committee noted the continued uncertainty in the global economy amid still strong epidemiological risks and existing restrictions on tourism and supply. At the same time, the regulator is very optimistic and its current forecasts for the development of economic activity in the country are not inferior to the February estimates. Support and resistance On the D1 chart Bollinger Bands are reversing into the ascending plane. The price range is expanding but it fails to conform to the surge of "bullish" activity at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is rapidly approaching its highs, indicating the risks of overbought NZD in the ultra-short term. Existing long positions should be kept until technical indicators are clarified. Resistance levels: 0.7100, 0.7150, 0.7200, 0.7250. Support levels: 0.7050, 0.7000, 0.6954, 0.6913. Trading tips To open long positions, one can rely on the breakout of 0.7100. Take-profit – 0.7150–0.7175. Stop-loss – 0.7050. Implementation time: 1-2 days. A rebound from 0.7100 as from resistance followed by a breakdown of 0.7050 may become a signal for new sales with the target at 0.6954. Stop-loss – 0.7100. 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 April 16, 2021 Author Share Posted April 16, 2021 EUR/USD: euro consolidates near 1.2000 16.04.2021 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 flat trading dynamics against USD today, trying to develop the downward momentum formed the day before, when it retreated from its local highs since March 4. The instrument failed to reach strong resistance at the psychological level of 1.2000, where a significant part of the take-profit was located. The positions of EUR on Thursday were under pressure from not the most confident macroeconomic statistics from Europe, while the data from the US showed a significant increase in the dynamics of retail sales in March. The consumer price index in Germany in March increased by 0.5% MoM and 1.7% YoY, which coincided with expectations and did not have a noticeable effect on the dynamics of the instrument. At the same time, the harmonized consumer price index remained at 2%, which is the target value for the European regulator. Today, investors are expecting the publication of statistics on consumer inflation in the euro area. In addition, during the day, traders will follow the meeting of the Economic and Financial Affairs Council of the European Union. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowing, remaining rather spacious for the current level of activity in the market. MACD indicator is growing preserving a rather stable buy signal (located above the signal line). Stochastic, located near its highs, is trying to reverse downwards, indicating risks of overbought euro in the ultra-short term. Resistance levels: 1.2000, 1.2022, 1.2070, 1.2100. Support levels: 1.1950, 1.1900, 1.1834, 1.1800. Trading tips To open new short positions, one can rely on the breakdown of 1.1950. Take-profit – 1.1850–1.1834. Stop-loss – 1.2000. Implementation time: 2-3 days. The return of the "bullish" trend to the market with the breakout of 1.2000 may become a signal for new purchases with the target of 1.2100. Stop-loss – 1.1950. 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 April 19, 2021 Author Share Posted April 19, 2021 USD/JPY: USD demonstrates downtrend 19.04.2021 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 declining against JPY this morning session, developing a fairly strong "bearish" trend in the short term and renewing local lows since March 24. USD expects the emergence of new drivers in the market, but for now it remains under the pressure of the declining yields of Treasury bonds. In turn, JPY is getting some support after the release of macroeconomic statistics from Japan on Monday. Japanese Exports went up by 16.1% YoY in March after the decline by 4.5% YoY in the previous month. Analysts had expected growth by 11.6% YoY only. Imports for the same period rose by 5.7% YoY, which turned out to be better than projected by 1.0%, but noticeably weaker than the dynamics of the previous month at the level of 11.8% YoY. Merchandise Trade Balance Total in March increased from JPY 215.9B to JPY 663.7B. Analysts predicted trade balance at JPY 490B. Support and resistance Bollinger Bands in D1 chart demonstrate active decrease. The price range narrows slightly from above, but still remains spacious enough for the current level of market activity. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is about to test the zero level for a breakdown. Stochastic, having reached the zero level, reversed into a horizontal plane, signaling the risks of oversold USD in the ultra-short term. Resistance levels: 109.00, 109.37, 109.84, 110.23. Support levels: 108.54, 108.15, 107.78, 107.42. Trading tips To open long positions, one can rely on the rebound from the support level of 108.54, with the subsequent breakout of 109.00. Take-profit – 109.84. Stop-loss – 108.54. Implementation time: 2-3 days. The breakdown of 108.54 may serve as a signal to new sales with the target at 107.78. Stop-loss – 109.00. 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 April 21, 2021 Author Share Posted April 21, 2021 Brent Crude Oil: the instrument develops "bearish" momentum 21.04.2021 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 Brent crude oil prices are showing a slight decline, developing the "bearish" momentum formed the day before and preparing to test 66.00 for a breakdown. The instrument's positions are under pressure from the alarming situation with the incidence of coronavirus in Asia, while interruptions in the supply of Libyan oil somewhat counterbalance the situation. The report of the American Petroleum Institute (API) on oil reserves released yesterday did not have a noticeable effect on the dynamics of the instrument. For the week ending April 16, published data showed a slight increase by 0.436M barrels after a decline of 3.608M barrels in the previous period. Today, investors are waiting for the statistics on crude oil stocks from the US EIA. Forecasts assume a further 2.86M barrels decline after a 5.889M barrels decline in the previous period. Support and resistance Bollinger Bands in D1 chart show weak growth. The price range is slightly expanded from above, remaining spacious enough for the current activity level in the market. MACD reversed downwards having formed a weak sell signal (located below the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought instrument in the ultra-short term. Current indicators do not contradict the further development of the "bearish" trend in the ultra-short term. Resistance levels: 67.00, 68.00, 69.00, 70.00. Support levels: 66.00, 65.00, 64.00, 63.00. Trading tips To open new short positions, one can rely on the breakdown of 66.00. Take-profit – 64.00. Stop-loss – 67.00. Implementation time: 2-3 days. A rebound from 66.00 as from support followed by a breakout of 67.00 may become a signal for new purchases with the target at 69.00. Stop-loss – 66.00. 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 April 23, 2021 Author Share Posted April 23, 2021 AUD/USD: multidirectional trend 23.04.2021 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 has strengthened significantly against USD during today's Asian session, recovering from a strong decline the day before, when USD gained momentum after the publication of strong data on jobless claims. The number of initial jobless claims decreased from 586K to 547K, which was the lowest level since the beginning of the COVID-19 epidemic. In turn, the instrument is supported by upbeat statistics from Australia on Friday. Commonwealth Bank Services PMI in April rose from 55.5 to 58.6 points. Commonwealth Bank Manufacturing PMI for the same period rose from 56.8 to 59.6 points. Commonwealth Bank Composite PMI in April reached 58.8 points against 55.5 points in March. With the opening of the American session, the markets are awaiting the release of statistics on business activity in the US, which should also demonstrate positive growth rates. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is almost unchanged, but it follows the price upwards, freeing the way to new local highs for the "bulls". MACD reversed downwards having formed a weak sell signal (located below the signal line). Stochastic is declining much more actively and is currently approaching the level of "20", indicating the risks of oversold AUD 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: 0.7770, 0.7804, 0.7848, 0.7900. Support levels: 0.7700, 0.7675, 0.7636, 0.7600. Trading tips To open long positions, one can rely on the breakout of 0.7770. Take-profit – 0.7848. Stop-loss – 0.7735. Implementation time: 1-2 days. The return of "bearish" trend with the breakdown of 0.7700 may become a signal for new sales with the targets at 0.7636–0.7600. Stop-loss – 0.7740. 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted April 26, 2021 Author Share Posted April 26, 2021 USD/CHF: the instrument returned to decline 26.04.2021 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 is showing a slight decline against CHF during today's morning session, building on the "bearish" momentum following the speech of US President Joe Biden. Last Friday, the Head of the White House made a proposal to sharply raise the tax rate on long-term capital gains for wealthy Americans, which triggered a wave of sales on stock exchanges and put significant pressure on a number of cryptocurrencies. Today, investors are focused on macroeconomic statistics from the US on the dynamics of durable goods orders. Forecasts are very optimistic in this regard, given the pace of recovery in the American economy and the rapid growth of consumer purchasing activity. In addition, investors are preparing for the US Fed's meeting on the interest rate, which will be held on April 28. The regulator is expected to clarify its plans to tighten monetary policy, as the pace of recovery exceeds initial forecasts. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the emergence of flat dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing fluctuations near the level of "20", signaling the previous risks of USD being oversold in the ultra-short term. Existing short positions should be kept until technical indicators are clarified. Resistance levels: 0.9163, 0.9200, 0.9244, 0.9300. Support levels: 0.9100, 0.9050, 0.9000. Trading tips To open short positions, one can rely on the breakdown of 0.9100. Take-profit – 0.9000. Stop-loss – 0.9163. Implementation time: 1-2 days. A rebound from 0.9100 as from support followed by a breakout of 0.9163 may become a signal for new purchases with the target at 0.9244. Stop-loss – 0.9110. 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...
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