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[Antony_NPBFX]

19 hours ago, broforex51 said:

 Yes, Security is a big issue, I was trading with NPBFX and I loss my money, it seems like I transferred my balance to another account, but it wasn't me! I believe that NPBFX management person do that? Why NPBFX do that? Because I have a lot of money or what? There is no solutions when I talk to Customer Service.

Hello! Kindly ask you to provide us your trading account number.

[Antony_NPBFX]

XAU/USD: prices decline ahead of the US Fed meeting 15.12.2021

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 near 1770.00 after a noticeable downward correction recorded the day before. Market activity remains subdued as traders await the publication of the minutes of the US Federal Reserve meeting, which as many hope, will indicate a further tightening of the US regulator's rhetoric.

The US Federal Reserve is expected to announce an early completion of the bond purchase program, potentially bringing the next year's interest rate hikes forward. Previously, it was assumed that the regulator will fully complete the quantitative easing program by June 2022, but now it may turn out that the department will have ended it by March. However, skeptics argue that the Chairman of the US Fed, Jerome Powell, began the fight against high inflation too late, and therefore the regulator's plans will be adjusted more than once.

Additional support for the dollar is provided by the statistics on manufacturing inflation released yesterday. In November, the Producer Price Index excluding Food and Energy rose 0.7%, accelerating after rising 0.4% in October.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing more confident "bearish" dynamics, but is rapidly approaching its lows, indicating growing risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1778.32, 1790.00, 1800.00, 1812.22.
Support levels: 1760.74, 1750.44, 1740.00.

Trading tips

To open new short positions, one can rely on the breakdown of 1760.74 with the target at 1740.00. Stop-loss – 1770.00. Implementation time: 1-2 days.

The return of the "bullish" trend to the market with the breakout of 1778.32 may become a signal for new purchases with the target of 1800.00. Stop-loss – 1765.00.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling 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.

[Antony_NPBFX]

GBP/USD: the pound received a boost from the Bank of England 17.12.2021

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

The British pound is trading mixed against the US currency during the morning session, consolidating around 1.3320 amid most of the long profit taking.

The day before, the instrument showed steady growth and updated local highs from November 24, which was the market's reaction to a rather unexpected increase in rates by the Bank of England. Citing high inflation, which reached 5.1% in November on an annualized basis (after rising 4.2% in October), the regulator announced an increase in the key interest rate to 0.25%, and the decision was made almost unanimously (8 votes against 1).

Thus, the Bank of England became one of the first major central banks in the world to take this step. In addition, the British regulator decided to maintain the volume of UK government bond purchases at 875B pounds. In turn, the US Federal Reserve, which held a meeting the day before, only announced acceleration in the pace of curtailing the quantitative easing (QE) program.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought GBP in the ultra-short term.

Resistance levels: 1.3350, 1.3400, 1.3450, 1.3500.
Support levels: 1.3300, 1.3250, 1.3200, 1.3159.

Trading tips

To open long positions, one can rely on the breakout of 1.3350 with the target at 1.3450. Stop-loss – 1.3300. Implementation time: 2-3 days.

A rebound from 1.3350 as from resistance followed by a breakdown of 1.3300 may become a signal for new sales with the target at 1.3200. Stop-loss – 1.3350.

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 GBP/USD and trade efficiently with NPBFX.

[Antony_NPBFX]

USD/JPY: US dollar develops flat trading dynamics 20.12.2021

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

The American currency is developing flat trading dynamics paired with the Japanese yen, consolidating near 113.50.

Market activity remains subdued, as the macroeconomic calendar at the beginning of the week is relatively empty, and market participants are gradually preparing for the winter holidays being in no hurry to open new deals. The dollar, which received an unexpected impetus to growth at the end of last week, is still quite attractive for investment: its quotes rushed up against the backdrop of the rhetoric of the US Fed's members about the beginning of a systematic tightening of monetary policy.

Earlier, the American regulator announced the acceleration of the rate of curtailment of the quantitative easing (QE) program, which will allow the Fed to enter the vector of interest rate hikes in March 2022. In general, the US Fed plans to raise its level three times next year if the situation develops according to a favorable scenario. In this regard, the Bank of Japan is inferior to the American regulator. Last Friday, Japanese officials kept interest rates at -0.1%, but also announced a cutback to the emergency funding program, noting the success of the national economic recovery.

Support and resistance

Bollinger Bands in D1 chart show weak growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is reversing downwards forming a new sell signal (trying to consolidate below the signal line). In addition, the indicator tests the zero level for a breakdown. In turn, Stochastic shows a more confident decline, signaling in favor of further development of the "bearish" trend in the ultra-short term.

Resistance levels: 114.00, 114.50, 115.00, 115.50.
Support levels: 113.50, 113.00, 112.50, 112.06.

Trading tips

To open long positions, one can rely on the breakout of 114.00 with the target at 115.00. Stop-loss — 113.50. Implementation time: 2-3 days.

The breakdown of 113.00 may serve as a signal to new sales with the target at 112.06. Stop-loss — 113.50.

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/JPY and trade efficiently with NPBFX.

[Antony_NPBFX]

EUR/USD: euro shows flat trading dynamics 22.12.2021

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

Euro is showing flat dynamics against the US dollar during today's Asian session, consolidating at 1.2715 and waiting for new drivers to appear on the market.

Investor activity is rapidly declining on the eve of Christmas holidays; however, a large block of macroeconomic statistics from the USA on the dynamics of orders for durable goods and the volume of personal income and household spending is still expected to be published this week. In addition, today the United States will present updated data on GDP dynamics for Q3 2021. However, it is unlikely that the new estimates will be adjusted, and therefore they will not have a noticeable effect on the dynamics of the trading instrument.

There are noticeably fewer economic publications from Europe; however, traders are concerned about the surge in the incidence of the new Omicron coronavirus strain and the possible return of new restrictions on the eve of the holidays. The data on consumer confidence released the day before did not add optimism: the German Consumer Confidence Index from Gfk with the forecast for January showed a decrease from -1.8 to -6.8 points, which turned out to be significantly worse than analysts' forecasts at -2.5 points.

Support and resistance

Bollinger Bands on the daily chart are showing flat dynamics in a very narrow price range, indicating a further decline in trading activity in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic is showing multidirectional dynamics being located in the middle of its area. At the moment, the indicator readings remain uninformative.

Resistance levels: 1.1300, 1.1329, 1.1359, 1.1400.
Support levels: 1.1255, 1.1220, 1.1185, 1.1153.

Trading tips

To open long positions, one can rely on the breakout of 1.1300 with the target at 1.1359. Stop-loss – 1.1270. Implementation time: 2-3 days.

The breakdown of 1.1255 may serve as a signal to new sales with the target at 1.1185. Stop-loss – 1.1290.

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 AUD/USD, GBP/USD, USD/CHF, USD/JPY. 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.

[Antony_NPBFX]

AUD/USD: the instrument retreats from local highs 24.12.2021

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

The Australian dollar is falling, retreating from the local highs, updated the day before and testing the level of 0.7230 for a breakdown during Asian trading. On Thursday, AUD/USD showed moderate growth, continuing the development of a strong "bullish" trend in the short term and renewing the local highs of November 22.

Not the most confident macroeconomic statistics from the US put some pressure on the US dollar. In particular, investors reacted negatively to the drop in Durable Goods Orders excluding Defense by 0.1%, while experts predicted an increase in the indicator by 0.6%. In turn, the number of Initial Jobless Claims for the week ended December 10 fell from 1.867M to 1.859M, although preliminary market estimates provided for a more significant decrease to 1.82M.

Data from Australia, in turn, delighted investors: the growth in Private Sector Credit continued in November, reaching 0.9% after strengthening by 0.5% in October, and on an annualized basis, the indicator accelerated from 5.7% to 6.6 %.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD is growing, maintaining a stable buy signal and being located above the signal line. Stochastic retains upward direction but is located near its highs, which indicates the risks of overbought AUD in the ultra-short term.

Resistance levels: 0.7250, 0.7300, 0.7328, 0.7369.
Support levels: 0.7200, 0.7160, 0.7100, 0.7050.

Trading tips

To open short positions, one can rely on the rebound from 0.7250 as from resistance, with the subsequent breakdown of 0.7200 with the target at 0.7100. Stop-loss – 0.7250. Implementation time: 2-3 days.

The breakout of 0.7250 may serve as a signal to new purchases with the targets at 0.7328–0.7369. Stop-loss – 0.7200.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

[Antony_NPBFX]

USD/JPY: the US dollar develops an uptrend 27.12.2021

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

The American currency is holding close to the local highs of November 26, testing the level of 114.50 for a breakout.

Market activity remains rather low due to the Christmas holidays, while investors are in no hurry to open new positions, trying to assess the prospects for the current epidemiological situation in the world. Many regions, including Asia, are showing an alarming increase in new cases of coronavirus. It is noted that the new Omicron strain has not yet become dominant, despite its high infectivity.

The yen today almost completely ignores strong macroeconomic statistics from Japan. The country's Retail Sales rose 1.2% in October after rising 1.0% last month, while analysts had expected growth to slow to 0.5%. In annual terms, sales volumes accelerated from 0.9% to 1.9%, which also turned out to be better than preliminary estimates at 1.7%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding, signaling in favor of the further development of the uptrend in the short term. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic has a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought USD in the ultra-short term.

Resistance levels: 114.50, 115.00, 115.50, 116.00.
Support levels: 114.00, 113.50, 113.00, 112.50.

Trading tips

To open long positions, one can rely on the breakout of 114.50 with the target at 115.50. Stop-loss — 114.00. Implementation time: 2-3 days.

A rebound from 114.50 as from resistance followed by a breakdown of 114.00 may become a signal for new sales with the target at 113.00. Stop-loss – 114.50.

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/JPY and trade efficiently with NPBFX.

[Antony_NPBFX]

GBP/USD: the pound retreats from local highs 29.12.2021  

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

The British pound is trading in different directions during the morning session, consolidating around 1.3400. Activity during the last trading week of the year remains low, as investors are in no hurry to open new positions on the eve of the New Year holidays, while the news and macroeconomic background are not very informative at the moment.

The macroeconomic statistics released the day before from the United States turned out to be ambiguous, but still contributed to the short-term strengthening of the American currency. The Redbook Retail Sales Index for the week ended December 24 showed an increase from 16.4% to 21.4%, and the October Home Price Index strengthened by 1.1% from 0.9% in September, while preliminary estimates analysts were in the area of 1.2%. The S&P/CaseShiller House Price Index for the same period increased by 18.4%, slowing the upward dynamics from the previous indicator of 19.1%. Finally, the Richmond Fed Manufacturing PMI in December rose moderately from 12 to 16 points.

Support and resistance

Bollinger Bands show a stable increase in D1 chart. The price range expands from above, freeing a path to new local highs for the "bulls". MACD is also showing an uptrend, maintaining a strong buy signal, being located above the signal line. Stochastic, having approached its highs, reversed into a horizontal plane, indicating the overbought GBP in the ultra-short term.

Resistance levels: 1.3460, 1.3500, 1.3550, 1.3600.
Support levels: 1.3400, 1.3350, 1.3300, 1.3250.

Trading tips

To open long positions, one can rely on the breakout of 1.3460 with the target at 1.3550. Stop-loss – 1.3400. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 1.3400 may become a signal for new sales with the target at 1.3300. Stop loss – 1.3460.

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 GBP/USD and trade efficiently with NPBFX.

[Antony_NPBFX]

AUD/USD: technical analysis 31.12.2021  

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

The AUD/USD pair continues to correct upward against the medium-term downtrend.

This week, the price reached the level of 0.7263 (Murrey [3/8], Fibonacci correction 50.0%), but it still cannot consolidate above it. The breakout of 0.7263 will give the prospect of further upward dynamics of the asset to the levels of 0.7325 (Murrey [4/8], Fibonacci correction 61.8%), 0.7385 (Murrey [5/8]), and 0.7446 (Murrey [6/8]). The key "bearish" level is 0.7200 (Murrey [2/8], Fibonacci correction 38.2%), supported by the middle line of Bollinger bands. In case of its breakdown, the decline in the AUD/USD pair may continue to the area of 0.7120 (Fibonacci correction 23.6%), 0.7080 (Murrey [0/8]), and 0.7020 (Murrey [–1/8]).

In general, the short-term upward trend persists, which is confirmed by an upward reversal of Bollinger bands and an increase in the MACD histogram in the positive zone, but Stochastic's exit from the overbought zone does not exclude a price rollback to 0.7200, but this is unlikely to lead to a reversal of the current trend.

Support and resistance

Resistance levels: 0.7263, 0.7325, 0.7385, 0.7446.
Support levels: 0.7200, 0.7120, 0.7080, 0.7020.

Trading tips

Long positions may be opened if the price consolidates above 0.7263 with the targets at 0.7325, 0.7385, 0.7446, and stop loss 0.7220. Implementation period: 5–7 days.

Short positions may be opened below 0.7200 with the targets at 0.7120, 0.7080, 0.7020, and stop loss 0.7247.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

[Antony_NPBFX]

USD/JPY: low trading activity – a catalyst for price strengthening 03.01.2022

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 Japanese currency continued its upward trading dynamics after the start of today's session, and this week, the USD/JPY pair may start testing the global maximum of last year at 115.50. Instrument quotes are going up against the background of the lack of resistance from the US dollar.

Meanwhile, the epidemiological situation in Japan remains difficult. In his recent address to the nation, Prime Minister Fumio Kishida said that the restriction on the entry of foreign nationals into the country would be extended indefinitely. Therefore, the manufacturing sector, which is experiencing an acute labor shortage, could stop its recovery altogether. Tomorrow, Manufacturing PMI for December will be published, after which experts will have the opportunity to assess the negative impact of the new restrictive measures on the indicators. Analysts expect the index to fall to 54.2 points from 54.5 points a month earlier.

The low trading volatility keeps the USD Index at the levels of the end of last year, around 96 points. JOLTS labor market data for November is due tomorrow, and analysts say US job growth will continue, surpassing the 11.033M recorded a month earlier. Also, traders should pay attention to Manufacturing PMI for December, which may significantly decrease from 61.1 points to 60.2 points.

Support and resistance

The trading instrument continues to correct, approaching the global high of the year. Technical indicators keep a stable buy signal: indicator Alligator's EMA fluctuations range expands upwards, and the histogram of the AO oscillator forms new upward bars in the buy zone.

Support levels: 114.47, 112.71.
Resistance levels: 115.53, 116.70.

Trading tips

After growth or consolidation above the global year's maximum at 115.53, buy positions with the target at 116.70 are relevant. Stop loss – 115.00. Implementation period: 7 days or more.

After reversal and decline, or consolidation below 114.47, sell positions with the target at 112.71 are relevant. Stop loss – 115.00.

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/JPY and trade efficiently with NPBFX.

[Antony_NPBFX]

GBP/USD: a global trend reversal is possible 05.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The British currency is showing an uptrend in trading after it received support the day before from the publication of strong data on the state of the domestic lending market. GBP/USD is currently trading in the area of 1.3525.

According to statistics, in the last months of the year, the UK residents began to use loan products actively. Net Lending to Individuals grew from 2.0 billion to 4.9 billion pounds, and mortgage lending increased from 1.15 billion to 3.69 billion pounds. Consumer Credit by the Bank of England increased to 1.223 billion pounds from 0.828 billion recorded earlier. The Manufacturing PMI in December did not show positive dynamics against the November indicators; however, it turned out to be better than the preliminary estimates of the market, amounting to 57.9 points against 57.6 points, predicted by analysts. In general, the increase in demand for credit services indicates an increase in consumer demand, which is a sign of the recovery of the British economy.

Meanwhile, the dynamics of the US dollar is disappointing to investors. The November data on JOLTS Job Openings turned out to be significantly worse than both the expectations of experts and the previous indicator, amounting to only 10.562 million vacancies against 11.091 million a month earlier. A decrease in the ISM Manufacturing PMI, which in December was fixed at around 58.7 points against the forecast of 60.0 points.

Support and resistance

GBP/USD is trading within the global downtrend channel, reaching the resistance line levels. Technical indicators maintain the global buy signal: the fast EMAs of the Alligator indicator are above the signal line, and the histogram of the AO oscillator is trading in the buy zone, forming ascending bars.

Support levels: 1.3478, 1.3205.
Resistance levels: 1.3575, 1.3820.

Trading tips

If the asset continues correctional growth and the price consolidates above the local resistance at 1.3566, long positions will be relevant with target at 1.3850. Stop-loss – 1.3480. Implementation time: 7 days and more.

If the asset reverses and continues global decline and the price consolidates below the support level at 1.3362, short positions can be opened with the target at 1.3170. Stop-loss – 1.3450.

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 GBP/USD and trade efficiently with NPBFX.

[Antony_NPBFX]

Brent Crude Oil: growth amid fears of production cuts 07.01.2022

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

Benchmark Brent crude oil continues to rally around 82.25 amid investor concerns over disruptions in energy supplies from Kazakhstan.

The situation in the country remains tense. Residents of the oil-producing Mangystau region went to peaceful rallies against the increase in tariffs for liquefied gas, which then escalated into serious violations of public order. Experts fear that this could hinder oil production, the volume of which in the country currently stands at 1.6M barrels per day. Production activity at the Tengiz oil and gas field in the Atyrau region of Kazakhstan, which produces 650K barrels per day, continues as usual, despite the fact that some employees of subcontractors supported the protesters. In the meantime, an adjustment in the production of "black gold" is expected in Libya, where the pipeline is currently being repaired (the reduction may be from 200K to 500K barrels per day).

Also worth noting is the decline in weekly stocks in the US by 2.144M barrels, according to the national Energy Information Agency (EIA). Analysts had expected a 3.283M barrels cut, roughly in line with last week's -3.576M barrels. At the same time, a significant increase in gasoline reserves was recorded, which amounted to 10.128M barrels after falling by 1.458M last week. Analysts attribute the current dynamics to the population's refusal to travel during the Christmas holidays.

Support and resistance

On the global chart, the asset continues to increase as part of the correction. Technical indicators maintain a steady buy signal: the fluctuation range of the Alligator EMA is expanding and the histogram of the AO oscillator, being in the buy zone, forms bars with an uptrend.

Support levels: 79.80, 71.57.
Resistance levels: 84.37, 88.00.

http://businesspr-finance.com/wp-content/uploads/2022/01/oil-07012022-33.png

Trading tips

If the asset continues corrective growth and the price consolidates above the local resistance level of 84.37, long positions will be relevant with target at 88.00. Stop-loss – 83.00. Implementation time: 7 days and more.

If the asset reverses and continues to decline and the price consolidates below the local low at 79.80, short positions can be opened with the target at 71.57. Stop-loss – 82.00.

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.
 

[Antony_NPBFX]

USD/CAD: the US dollar remains under pressure 10.01.2022  

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 Asian session, the USD/CAD pair shows ambiguous trading dynamics, consolidating near the level of 1.2650 around the local lows of December 8.

The American currency remains under moderate pressure after publishing ambiguous statistics on the US labor market for December last Friday. In particular, the number of new jobs amounted to only 199K, having fallen from the previous 249K, although the market forecasts assumed a steady growth of 400K. The published data are slightly at odds with the earlier released minutes of the US Federal Reserve, in which the American regulator tried to take a tougher stance about the reduction of existing incentives.

In turn, the corresponding Canadian report, published at the same time as the American one, was a little more optimistic. The employment indicator for December slowed down from 153.7K to 54.7K but was much better than experts' expectations of 27.5K. At the same time, the unemployment rate, as in the case of the United States, fell from 6% to 5.9%.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range expands but not as fast as the "bearish" dynamics develop. The MACD indicator is going down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic maintains a confident downward trend, but it is near its lows, signaling the dollar may become oversold in the ultra-short term.

Resistance levels: 1.2700, 1.2743, 1.2777, 1.2812.
Support levels: 1.2600, 1.2558, 1.2500, 1.2450.

Trading tips

Long positions may be opened after the breakout of 1.2700 with the target at 1.2812. Stop loss – 1.2640. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 1.2600 with the target at 1.2500. Stop loss – 1.2650.

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[Antony_NPBFX]

GBP/USD: the pound is updating November highs 12.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The pound is trading upward against the US currency during the morning session, renewing new local highs from November 4 and testing 1.3645 for a breakout.

Significant support for the instrument is still provided by the expectations of a further increase in interest rates from the Bank of England, which is still ahead of the US Fed, having adjusted its monetary policy in December. In addition, investors are positive about the success of the British government in overcoming the next wave of coronavirus. The country has managed to avoid the return of large-scale restrictions, while, despite high incidence rates, the UK has not faced an overload of the health care system due to high herd immunity and low fatality of the Omicron strain.

But the macroeconomic statistics from the UK published yesterday left much to be desired. BRC Like-For-Like Retail Sales fell sharply from 1.8% to 0.6%, which turned out to be worse than analysts' average forecasts. At the end of the week, investors expect the publication of a large block of macroeconomic statistics from the UK on the dynamics of GDP and industrial production in November.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into a horizontal plane, indicating strongly overbought GBP in the ultra-short term.

Resistance levels: 1.3650, 1.3700, 1.3750, 1.3800.
Support levels: 1.3600, 1.3550, 1.3500, 1.3460.

Trading tips

To open long positions, one can rely on the breakout of 1.3650 with the target at 1.3750. Stop-loss – 1.3600. Implementation time: 1-2 days.

A rebound from 1.3650 as from resistance, followed by a breakdown of 1.3600 may become a signal for new sales with the target at 1.3500. Stop-loss – 1.3650.

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[Antony_NPBFX]

EUR/USD: euro updates local highs of November 11 14.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows a moderate increase against the US dollar during the Asian session, ending the week with growth. The instrument is testing 1.1470 for a breakout, updating the local highs of November 11.

Before the end of the day, the market will receive quite a lot of noteworthy publications, so the situation may well change; however, judging by the forecasts of investors, the dollar will remain under pressure. In particular, US Retail Sales data for December is expected to reflect a drop in sales volumes from 0.3% to zero levels. At the same time, the Michigan Consumer Sentiment Index may retreat from 70.6 to 70 points.

Investors are looking forward to today's speech by the President of the European Central Bank (ECB), Christine Lagarde, who is likely to pay considerable attention to the growing risks associated with the spread of a new wave of coronavirus cases. The issue of tightening monetary policy in the eurozone is still open.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, is expected to reverse into a horizontal plane, indicating significant risks associated with the euro being overbought in the ultra-short term.

Resistance levels: 1.1500, 1.1534, 1.1572, 1.1600.
Support levels: 1.1460, 1.1422, 1.1400, 1.1363.

Trading tips

To open long positions, one can rely on the breakout of 1.1500. Take-profit – 1.1600. Stop-loss – 1.1460. Implementation time: 2-3 days.

A rebound from 1.1500 as from resistance, followed by a breakdown of 1.1460 may become a signal for new sales with the target at 1.1363. Stop-loss – 1.1500.

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[virginuso]

That's great

[Antony_NPBFX]

GBP/USD: the pound retreated from its local highs for a short time 17.01.2022  

Good afternoon, dear forum visitors!

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

Current trend

The British pound traded with rising dynamics against the US currency during the morning session, recovering from the "bearish" correction last Friday. The end of the last trading week was marked by an active rise in the US dollar exchange rate, and there were practically no fundamental reasons for this.

In turn, the macroeconomic statistics from the UK, which appeared last Friday, provided additional support to the pound. UK GDP rose 0.9% in November after rising 0.2% in October. Analysts expected an increase of only 0.4%. The growth rate of Industrial Production for the same period amounted to 1.0%, while the market expected only 0.2%. In October, production volumes showed negative dynamics at the level of –0.5%. In annual terms, however, production slowed down from 0.2% to 0.1%, which was much worse than investors' expectations of growth of 0.5%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowing, staying spacious enough for the current activity level in the market. MACD indicator is declining and is getting ready to form a new sell signal (the histogram should consolidate below the signal line). Stochastic shows a slightly more confident decline, quickly retreating from its highs.

Resistance levels: 1.3700, 1.3750, 1.3800, 1.3833.
Support levels: 1.3650, 1.3600, 1.3550, 1.3500.

Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3650 with the subsequent breakout of 1.3700 with the target at 1.3800. Stop-loss – 1.3650. Implementation time: 2-3 days.

The breakdown of 1.3650 may serve as a signal to new sales with the target at 1.3550. Stop-loss – 1.3700.

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 GBP/USD and trade efficiently with NPBFX.

[Antony_NPBFX]

EUR/USD: European currency remains under pressure 19.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows multidirectional trading dynamics against the US dollar during the Asian session, consolidating near 1.1330 after falling on Tuesday. As a result of yesterday's trading, the instrument was actively losing value, despite the fact that macroeconomic indicators contributed to the upward dynamics of risky assets. A study by the Center for European Economic Research (ZEW) recorded an increase in the Economic Sentiment Index in the eurozone in January from 26.8 to 49.4 points, while analysts expected a correction to 26.4 points. The Economic Sentiment Index in Germany for the same period increased from 29.9 to 51.7 points, also ahead of the preliminary estimates of experts at the level of 32.7 points.

Investors today are focused on the statistics on consumer inflation in Germany for December. Market forecasts do not imply significant changes in the pace of price growth in Europe's largest economy; however, traders hope to see evidence of a possible tightening of monetary policy by the European Central Bank (ECB) in the statistics.

Support and resistance

On the daily chart, Bollinger Bands demonstrate the flat trading dynamics. The price range remains virtually unchanged, indicating an approximate balance of power 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 keeps a steady downward direction but is already approaching its lows, which indicates the risks of oversold euro in the ultra-short term.

Resistance levels: 1.1363, 1.1400, 1.1422, 1.1460.
Support levels: 1.1300, 1.1255, 1.1220, 1.1185.

Trading tips

To open long positions, one can rely on the breakout of 1.1363 with the target at 1.1460. Stop-loss – 1.1310. Implementation time: 2-3 days.

The breakdown of 1.1300 may serve as a signal to new sales with the target at 1.1220. Stop-loss – 1.1350.

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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.

[Antony_NPBFX]

AUD/USD: the Australian dollar ends the week with flat dynamics 21.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar, thanks to the active actions of the “bears”, is losing ground at the end of the current trading week, testing the level of 0.7200 for a breakdown. AUD/USD pair is losing ground and moving into the “red” zone, despite the fact that there are not many fundamental reasons for the growth of the American currency. The data released the day before from the US failed to support the “bullish” sentiment of investors in the US currency, neither within the data on Initial Jobless Claims, nor on the statistics of Existing Home Sales.

In turn, on Thursday, the Australian dollar managed to enlist fairly strong support from market participants after the publication of a strong report on the Australian labor market for December. The Employment Change increased by 64.8K jobs, which turned out to be significantly better than market expectations of 30K jobs. At the same time, the Unemployment Rate in the country in December fell to new record lows at around 4.2%, although analysts' forecasts suggested a decline from only 4.6% to 4.5%.

Support and resistance

On the daily chart, Bollinger Bands show flat dynamics. The price range remains virtually unchanged, remaining spacious enough for the current level of activity in the market. MACD is stretching into a line along the zero level, signaling an approximate balance of power between sellers and buyers in the short term. Stochastic is trying to reverse upwards, near the level of “20” and indicating the continuation of the “bullish” momentum since the middle of the week.

Resistance levels: 0.7250, 0.7300, 0.7328, 0.7369.
Support levels: 0.7200, 0.7160, 0.7128, 0.7100.

Trading tips

To open new sales, one can rely on a confident breakdown of 0.7160 with a target of 0.7100. Stop loss – 0.7200. Implementation period: 1-2 days.

A rebound from the level of 0.7160 as a support, followed by a breakout of 0.7200, may be a signal to open long positions with the target at 0.7250. Stop loss – 0.7175.

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[Antony_NPBFX]

XAU/USD: stabilization after last week's decline 24.01.2022

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 consolidating near the level of 1835.00 after a corrective decline at the end of last week, when the XAU/USD pair retreated from its local highs of November 22.

Significant support for metal quotes is still provided by the risks of the total spread of inflation as the world economy recovers. At the same time, investors are in no hurry to open new long positions in anticipation of the start of the US Federal Reserve's interest rate hike cycle. The first of them may take place as early as March, and four adjustments of the indicator are expected during 2022. Also, in the summer, the regulator may announce the start of a noticeable reduction in its balance sheet.

Gold is also strengthening against the backdrop of ongoing epidemiological risks. The incidence of coronavirus remains quite high, and production continues to face supply chain disruption problems.

Support and resistance

On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range expands above, letting the "bulls" renew local highs.

MACD is growing, keeping a poor buy signal (the histogram is above the signal line). Stochastic reversed at the level of 80 downwards and signals in favor of developing a corrective decline in the next time intervals.

It is better to pay attention to the possibility of downward signals developing in the short and/or ultra-short term.

Resistance levels: 1840.00, 1847.63, 1860.00.
Support levels: 1831.66, 1823.09, 1814.06, 1805.50.

Trading tips

Long positions may be opened after the breakout of 1840.00 with the target at 1860.00. Stop loss – 1831.66. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1840.00 as a resistance and the breakdown of 1831.66 with the target at 1814.06. Stop loss – 1840.00.

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