Antony_NPBFX Posted January 26, 2022 Author Share Posted January 26, 2022 GBP/USD: the pound tests the level of 1.3500 for a breakout 26.01.2022 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 demonstrates upward trading dynamics during the morning session on January 26, recovering from local lows of the beginning of the month and testing for a breakout the strong resistance around 1.3500. The growth is more of a technical nature since the fundamental factors change slightly. Today, the key event will be the decision of the US Federal Reserve on the interest rate, and therefore investors are in no hurry to open new long dollar positions. However, the regulator is unlikely to surprise the markets, although officials' comments and renewed forecasts for the future can play an important role. On January 11, the chairman of the department, Jerome Powell, announced a clear sequence of actions to normalize monetary policy in the country: the quantitative easing (QE) program will end in March, and then several key rate increases are planned throughout the year. Investors expect the first increase in March from US officials, with four such adjustments scheduled for 2022. Yesterday's US macroeconomic data provided minor support to the dollar. Thus, the housing price index in November strengthened by 1.1%, maintaining the previous month's growth rate, while analysts expected the index to slow down to 1.0%. The housing price index from S&P/CaseShiller over the same period slowed down from 18.5% to 18.3%, while the market expected a decrease to 18%. Support and resistance Bollinger bands smoothly reverse downwards on the daily chart: the price range expands from below, letting the "bears" renew local lows. MACD also decreases, keeping a strong sell signal (the histogram is below the signal line). Having approached its lows, Stochastic reversed into an upward plane, signaling in favor of a corrective growth of the pound in the ultra-short term. Resistance levels: 1.3500, 1.3550, 1.3600, 1.3650. Support levels: 1.3460, 1.3435, 1.3400, 1.3350. Trading tips Long positions may be opened after the breakout of 1.3550 with the target at 1.3650. Stop loss – 1.3500. Implementation period: 2–3 days. Short positions may be opened after the rebound from 1.3550 as resistance, followed by the breakdown of 1.3500, with the target at 1.3400. Stop loss – 1.3550. Use more opportunities of the NPBFX analytical portal: E-book If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted January 28, 2022 Author Share Posted January 28, 2022 EUR/USD: "bearish" sentiment in the asset is intensifying 28.01.2022 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 ambiguous dynamics of trading against the US dollar during today's Asian session, consolidating near the level of 1.1150. The day before, EUR/USD showed a steady decline, as a result of which it updated record lows from June 2, 2020. The reason for the strengthening of "bearish" sentiment yesterday was the strong data on the dynamics of US GDP for Q4 2021. The US economy expanded 6.9% in Q4 after expanding 2.3% in the prior period. Analysts had expected growth of only 5.5%. The published statistics correlate with the words of the Chair of the US Federal Reserve, Jerome Powell, who commented on the prospects for the regulator's monetary policy on Wednesday. The official noted the achievements of the American economy and said that board members are considering a rate hike as early as March. Moreover, under certain circumstances, the regulator can adjust the rate by 50 basis points at once. Today, investors will be focused on statistics on the dynamics of German GDP for Q4 2021. Also during the day there will be a report on business sentiment in the euro area for January. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold EUR in the ultra-short term. Resistance levels: 1.1185, 1.1220, 1.1255, 1.1300. Support levels: 1.1130, 1.1100, 1.1054, 1.1000. Trading tips To open short positions, one can rely on the breakdown of 1.1130 with the target at 1.1054. Stop loss – 1.1170. Implementation time: 1-2 days. A rebound from 1.1130 as from support followed by a breakout of 1.1185 may become a signal for new purchases with the target at 1.1300. Stop-loss – 1.1130. 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 January 31, 2022 Author Share Posted January 31, 2022 GBP/USD: pound develops corrective growth 31.01.2022 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 shows the uptrend at trading against the US currency during the morning session, testing the level of 1.3400 for a breakout. The instrument wins back its losses recorded last week, as a result of which GBP/USD updated local lows from December 23. Technical factors remain the main "bullish" driver at the moment, while the macroeconomic background from the UK is changing slightly. In turn, data from the US released on Friday put additional pressure on the positions of the US currency. The volume of Personal Income in December slowed down from 0.5% to 0.3%, which turned out to be worse than the neutral forecasts of experts. Personal Spending for the same period decreased by 0.6% after rising by 0.4% a month earlier. Michigan Consumer Confidence Index in January fell from 68.8 to 67.2 points, which turned out to be worse than the average market forecasts of a decline to only 68.7 points. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, while remaining spacious enough for the current activity level in the market. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, located near its lows, is trying to reverse upwards, indicating the development of corrective dynamics in the ultra-short term. Resistance levels: 1.3435, 1.3460, 1.3500, 1.3550. Support levels: 1.3400, 1.3350, 1.3300. Trading tips To open long positions, one can rely on the breakout of 1.3435 with the target at 1.3550. Stop loss – 1.3380. Implementation time: 2-3 days. The return of a "bearish" trend with the breakdown of 1.3350 may become a signal for new sales with the target at 1.3250. Stop-loss – 1.3400. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as AUD/USD, EUR/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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 2, 2022 Author Share Posted February 2, 2022 EUR/USD: the euro develops a corrective impetus 02.02.2022 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 weak growth against the US dollar during the Asian session, developing the corrective momentum formed at the beginning of the week and updating the local highs from January 26. The instrument is moderately supported by the growing interest of investors in risky assets against the backdrop of discussions on the prospects for tightening monetary policy by the US Fed. At the moment, it is not clear whether the US regulator will decide on five or even more interest rate hikes this year, and whether the figure will be adjusted immediately by 50 basis points. The European Central Bank (ECB), in turn, relieved the markets of unnecessary expectations in advance, declaring its readiness to adjust existing parameters, focusing on the epidemiological situation caused by the spread of COVID-19, which is putting significant pressure on the region's economy. Macroeconomic statistics from Europe published on Tuesday turned out to be moderately optimistic. Investors reacted rather positively to the decline in the Unemployment Rate in Germany from 5.2% to 5.1%, while the Unemployment Change fell by 48K in January after a decrease of 29K a month earlier (expert forecasts assumed a decline of only 6K). Support and resistance Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic shows an upward direction but is rapidly approaching its highs, which reflects the risks of overbought EUR in the ultra-short term. Resistance levels: 1.1300, 1.1363, 1.1400, 1.1422. Support levels: 1.1255, 1.1220, 1.1185, 1.1130. Trading tips To open long positions, one can rely on the breakout of 1.1300 with the target at 1.1400. Stop-loss – 1.1255. Implementation time: 2-3 days. A rebound from 1.1300 as from resistance followed by a breakdown of 1.1255 may become a signal for new sales with the target at 1.1150. Stop-loss – 1.1300. 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 4, 2022 Author Share Posted February 4, 2022 NZD/USD: rising amid strong demand for risky assets 04.02.2022 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 During the Asian session, the NZD/USD pair grows slightly, renewing local highs since January 26. The macroeconomic statistics from the USA, published on Thursday, were ambiguous. Thus, Initial Jobless Claims for the week of January 28 decreased from 261K to 238K, better than market forecasts of a fall to 245K. Markit Service PMI was also positive, rising from 50.9 to 51.2 points for January, exceeding the neutral forecasts. In turn, ISM Service PMI for the same period fell from 62.3 to 59.9 points, which was slightly better than investors' expectations of 59.5 points. Traders were also disappointed by the volume of industrial orders, which fell by 0.4% for December after rising by 1.8% in the previous period. Analysts had expected a decline of 0.2%. Support and resistance On the daily chart, Bollinger Bands are steadily declining. The price range is narrowing from below, reflecting the emergence of flat trading dynamics in the short term. The MACD indicator grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic shows similar dynamics, approaching its highs, which indicates that NZD may become overbought in the ultra-short term. Resistance levels: 0.6700, 0.6732, 0.6761, 0.6800. Support levels: 0.6650, 0.6600, 0.6528, 0.6500. Trading tips Long positions may be opened after the breakout of 0.6700 with the target at 0.6800. Stop loss – 0.6650. Implementation period: 2–3 days. Short positions may be opened after the rebound from 0.6700 and the breakdown of 0.6650 with the target at 0.6550. Stop loss – 0.6700. 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 NZD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 7, 2022 Author Share Posted February 7, 2022 USD/JPY: the US dollar develops "bullish" dynamics 07.02.2022 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 US dollar shows weak growth against the Japanese yen in Asian trading, developing a "bullish" signal formed last Thursday. Noticeable support for the US currency is provided by a strong report on the US labor market, which was published on Friday and surpassed most forecasts. The American economy has created nearly 470K new jobs, just short of the 510K recorded in December. At the same time, there is also an increase in hourly wages. The only negative moment was the growth of the Unemployment Rate in January from 3.9% to 4.0%. The data obtained testify in favor of further tightening of monetary policy by the US Federal Reserve. Investors expect an increase in the key interest rate already during the March meeting of the regulator, and it can be adjusted immediately by 50 basis points. Macroeconomic data released today in Japan did not have a significant impact on the yen. Coincident Index in December fell from 92.8 to 92.6 points with the forecast of growth to 94.7 points. Support and resistance Bollinger Bands in D1 chart show weak growth. The price range expands from above, freeing a path to new local highs for the "bulls". MACD is growing preserving a weak buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is already approaching its highs, indicating the risks of overbought dollar in the ultra-short term. Resistance levels: 115.50, 116.00, 116.34, 117.00. Support levels: 115.00, 114.50, 114.00, 113.50. Trading tips To open long positions, one can rely on the breakout of 115.50 with the target at 116.34. Stop-loss – 115.10. Implementation time: 2-3 days. A rebound from 115.50 as from resistance followed by a breakdown of 115.00 may become a signal for new sales with the target at 114.00. Stop-loss — 115.50. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 9, 2022 Author Share Posted February 9, 2022 XAU/USD: gold renews local highs 09.02.2022 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 During the Asian session, gold prices are rising moderately, developing the "bullish" momentum since the beginning of the month and recovering from a sharp decline at the end of January. Supported by relatively poor positions in the American currency, the instrument approached testing the level of 1830.00 for a breakout upwards. Also, the "bulls" on the dollar are waiting for the data on consumer inflation in the US for January, hoping that they will become another signal in favor of a faster tightening of monetary policy by the US Federal Reserve. In turn, a further increase in gold quotes is hindered by a noticeable increase in the yield of treasury bonds both in the US and in Europe. The US macroeconomic statistics released yesterday did not provide any noticeable support to the dollar. Thus, the business optimism index from the NFIB for January fell from 98.9 to 97.1 points. The index of economic optimism from IBD/TIPP retreated from 44.7 to 44.0 points in February, while the forecasts suggested that the indicator would increase to 47.2 points. Support and resistance On the daily chart, Bollinger bands reverse into a horizontal plane. The price range narrow, indicating the emergence of ambiguous trading dynamics in the short/medium term. The MACD indicator grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic remains in a confident upward direction but is close to its highs, indicating that gold may become overbought in the ultra-short term. Resistance levels: 1831.66, 1840.00, 1847.63, 1853.57. Support levels: 1823.09, 1814.06, 1805.50, 1800.00. Trading tips Long positions may be opened after the breakout of 1831.66 with the target at 1847.63. Stop loss – 1823.09. Implementation period: 1–2 days. Short positions may be opened after the rebound from 1831.66 and the breakdown of 1823.09 with the target at 1805.50. Stop loss – 1831.66. 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 February 11, 2022 Author Share Posted February 11, 2022 AUD/USD: Australian currency updates local lows 11.02.2022 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 is developing a strong "bearish" momentum in tandem with the US currency, testing the level of 0.7120 for a breakdown and updating local lows from February 8. In addition to technical correction factors at the end of the week, the downtrend was facilitated by strong macroeconomic statistics on inflation in the US, published the day before. The data showed a further acceleration in domestic consumer inflation to 7.5%, which is likely to require the US Federal Reserve to tighten monetary policy sooner during 2022. The start of the interest rate hike cycle is expected in March, when the quantitative easing (QE) program comes to an end. The focus of investors today will also be on the Fed Monetary Policy Report and data on Michigan Consumer Sentiment Index for February. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD is reversing downwards preserving the previous weak buy signal (located above the signal line). Stochastic, having rebounded from the level of "80" is declining, signaling in favor of the development of correctional dynamics in the ultra-short term. Current showings of the indicators do not contradict the further development of the "bearish" trend in the short term. Resistance levels: 0.7160, 0.7200, 0.7250, 0.7300. Support levels: 0.7100, 0.7050, 0.7000, 0.6950. Trading tips To open new short positions, one can rely on the breakdown of 0.7100 with the target at 0.7000. Stop-loss — 0.7150. Implementation time: 1-2 days. A rebound from 0.7100 as from support followed by a breakout of 0.7160 may become a signal for opening new long positions with the target at 0.7250. Stop-loss – 0.7100. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 14, 2022 Author Share Posted February 14, 2022 USD/CAD: interest rate hike risks support the US dollar 14.02.2022 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 The US dollar shows ambiguous dynamics of trading against the Canadian currency during today's Asian session, holding near 1.2730. The instrument managed to demonstrate a moderate positive trend at the end of last week, which was supported by expectations of a further increase in the interest rate by the US Fed against the backdrop of a sharp rise in inflation in the country by 7.5%, which is the highest level since February 1982. Analysts' forecasts assumed an increase of only 7.3% and at the end of December 2021, inflation in the country grew by only 7.0%. The Canadian dollar, in turn, is still under pressure from a weak report on the labor market, released at the beginning of the month, and expects new drivers for possible growth. On Wednesday, Canada will release a block of macroeconomic statistics on the dynamics of consumer prices in January. On the same day, Timothy Lane, the member of the Board of Governors of the Bank of Canada, will make a speech. Support and resistance Bollinger Bands in D1 chart show weak growth. The price range is actively narrowing, pointing at the ambiguous nature of trading in the short term. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic grows more steadily but is rapidly approaching its highs, which reflects risks of the overbought USD in the ultra-short term. Resistance levels: 1.2750, 1.2786, 1.2812, 1.2850. Support levels: 1.2700, 1.2650, 1.2600, 1.2558. Trading tips To open long positions, one can rely on the breakout of 1.2750 with the target at 1.2850. Stop-loss – 1.2700. Implementation time: 2-3 days. A rebound from 1.2750 as from resistance, followed by a breakdown of 1.2700 may become a signal for new sales with the target at 1.2600. Stop-loss – 1.2750. Use more opportunities of the NPBFX analytical portal: economic calendar Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 16, 2022 Author Share Posted February 16, 2022 GBP/USD: development of flat dynamics in the short term 16.02.2022 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 has shown a poor upward trend against the US currency during the morning session, holding near the level of 1.3550. Since the beginning of the month, it has been developing a generally flat dynamic in the short term. The instrument reacted insignificantly due to the improvement in the geopolitical situation in Eastern Europe after there were signs of a resolution of the tense situation solely from the standpoint of diplomacy. Yesterday, the market focused on macroeconomic statistics from the UK. Thus, the indicator of average wages for December, excluding bonuses, slightly corrected from 3.8% to 3.7%, which is better than market forecasts of 3.6%. In turn, wages, taking into account bonuses for the same period, increased from 4.2% to 4.3%, contrary to analysts' expectations of a slowdown to 3.9%. Jobless claims fell by 31.9K for January after falling by 51.6K last month, while the unemployment rate for December was unchanged at 4.1%. Support and resistance Bollinger Bands show a moderate increase on the daily chart: the price range narrows, indicating an ambiguous nature of trading in the short term. MACD falls, keeping a poor sell signal and below the signal line. Stochastic shows similar dynamics and rapidly approaches its lows, indicating that GBP may become oversold in the ultra-short term. Resistance levels: 1.3565, 1.3600, 1.3650, 1.3700. Support levels: 1.3500, 1.3460, 1.3435, 1.3400. Trading tips Long positions may be opened after the breakout of 1.3565 with the target at 1.3650. Stop loss – 1.3510. Implementation period: 2–3 days. Short positions may be opened after the breakdown of 1.3500 with the target at 1.3400. Stop loss – 1.3550. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as AUD/USD, EUR/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 GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 18, 2022 Author Share Posted February 18, 2022 AUD/USD: the pair is preparing to end the week with strong growth 18.02.2022 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 During the Asian session, the AUD/USD pair has been trading near local highs of February 10, testing the level of 0.7200 for a breakout. Significant support for the instrument is provided by rather poor macroeconomic signals that have been coming to the market from the US in recent days. In particular, yesterday, investors drew attention to the growth in Initial Jobless Claims: the figure for the week of February 11 rose from 225K to 248K, which was noticeably worse than market expectations for a decrease to 219K. At the same time, Continuous Jobless Claims for the week of February 4 still decreased from 1.619M to 1.593M, ahead of forecasts of 1.605M. An additional negative moment was the decline in the index of business activity in the manufacturing sector of the Philadelphia Fed in February from 23.2 to 16.0 points, while investors expected a decline to only 20.0 points. Support and resistance On the daily chart, Bollinger Bands actively grow. The price range changes slightly, limiting the pace of development of "bullish" dynamics in the short term. MACD grows, keeping a relatively strong buy signal (the histogram is above the signal line), and tries to consolidate above the zero line. Stochastic shows similar dynamics but indicates that the instrument may become overbought in the nearest time intervals. Resistance levels: 0.7200, 0.7250, 0.7300, 0.7328. Support levels: 0.7160, 0.7100, 0.7050, 0.7000. Trading tips Long positions may be opened after the breakout of 0.7250 with the target at 0.7350. Stop loss – 0.7200. Short positions may be opened after the breakdown of 0.7160 with the target at 0.7050. Stop loss – 0.7210. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 21, 2022 Author Share Posted February 21, 2022 USD/JPY: consolidating around 115.00 21.02.2022 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 US dollar shows mixed dynamics against the Japanese yen in Asian trading, consolidating near the psychological level of 115.00. Last week, the US currency showed a moderate decline, but the situation remained ambiguous, and traders unsuccessfully tried to assess the risks of deterioration in the geopolitical situation in Eastern Europe. After some improvement, the situation on the borders of Ukraine becomes tense again, which led to a surge in demand for safe assets. So far, the parties adhere exclusively to diplomatic lines of solving the problem; however, the media are full of various negative scenarios. On Monday, pressure on the yen is also exerted by weak macroeconomic statistics from Japan. Jibun Bank Manufacturing PMI in February showed a steady decline from 55.4 to 52.9 points, which turned out to be worse than the average forecasts. Today is a public holiday in the US, so business activity statistics will only start appearing on Tuesday. Support and resistance On the D1 chart Bollinger Bands are trying to reverse horisontally. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD is going down preserving a moderate sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD in the ultra-short term. Existing short positions should be kept until technical indicators are clarified. Resistance levels: 115.28, 115.67, 116.00, 116.34. Support levels: 115.00, 114.50, 114.00, 113.50. Trading tips To open short positions, one can rely on the breakdown of 114.50 with the target at 113.50. Stop-loss – 115.00. Implementation time: 2-3 days. The return of the "bullish" trend to the market with the breakout of 115.28 may become a signal for new purchases with the target of 116.00. Stop-loss – 114.90. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted February 23, 2022 Author Share Posted February 23, 2022 Brent Crude Oil: the uptrend is possible 23.02.2022 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 Prices for "black gold" continue to grow rapidly against the backdrop of the geopolitical situation in Eastern Europe. The day before, Brent Crude Oil quotes rose above 96.50, but by the end of the session corrected to 93.75 (Murray [7/8]). In general, the situation on the market remains tense: investors fear interruptions in the supply of Russian oil and gas to the market in the event of active hostilities on the borders with Ukraine, which is intensified due to the actions of the German authorities, who suspended the certification of the Nord Stream 2 gas pipeline the day before. Experts believe that Russia will continue to fulfill its obligations under gas contracts, but will not increase the volume of supplies if necessary, not wanting to increase transportation through Ukrainian territory. The prerequisites for further growth in energy prices on the market remain, although the increase in quotations is somewhat restrained by the possibility of concluding an American-Iranian "nuclear deal". In this case, Iran will be able to bring additional volumes of cheaper oil to the market, but in the current situation, even they are unlikely to be able to fully meet the growing demand. Support and resistance The price continues to be in an uptrend, the target of which may be at 100.00. The key level for the "bears" seems to be at 91.00 (the center line of Bollinger Bands), the breakdown of which will give the prospect of a corrective decline to 87.50 (Murray [6/8], the lower line of Bollinger Bands). However, this variant of the movement seems less likely, since the technical indicators indicate continued uptrend: Bollinger Bands and Stochastic reverse upwards, and MACD is stable in the positive zone. Resistance levels: 95.00, 100.00, 106.25. Support levels: 91.00, 87.50, 81.25. Trading tips Long positions may be opened above 95.00 with target at 100.00 and stop-loss at 92.00. Implementation period: 5-7 days. Short positions may be opened from 91.00 with target at 87.50 and stop-loss at 93.80. 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 February 25, 2022 Author Share Posted February 25, 2022 USD/CHF: the US dollar is losing ground gained yesterday 25.02.2022 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 During the Asian session, the USD/CHF pair is actively declining, correcting after yesterday's sharp growth, which led to a renewal of local highs of February 10. The reason for the sharp rise in the US currency was the escalation of the conflict in Ukraine, as investors try to avoid risk and invest their capital in shelter assets. Russian President Vladimir Putin authorized a special military operation in the Donbas, which immediately resonated in the markets – investors began to abandon risky assets in favor of shelter assets massively. Strong macroeconomic statistics from the US provided additional support for the US currency on Thursday. Thus, annual data on GDP dynamics for the fourth quarter of 2021 reflected the expected economic growth of 7.0%. At the same time, the GDP price index accelerated from 7.0% to 7.2% over the same period, ahead of forecasts of 6.9%. On Friday, traders focus on a block of macroeconomic statistics from the US on the dynamics of orders for durable goods and personal income and expenses of American households for January. Support and resistance On the daily chart, Bollinger bands reverse into a horizontal plane. The price range consolidated within a fairly wide range, fully consistent with the observed trading dynamics. MACD reversed upwards, forming a new buy signal (the histogram is above the signal line). Stochastic demonstrates similar dynamics, signaling further development of the upward dynamics in the nearest time intervals. Resistance levels: 0.9250, 0.9276, 0.9300, 0.9341. Support levels: 0.9220, 0.9200, 0.9175, 0.9157. Trading tips Short positions may be opened after the breakdown of 0.9220 with the target at 0.9157. Stop loss – 0.9250. Implementation period: 1–2 days. Long positions may be opened after the rebound from 0.9220 and the breakout of 0.9250 with the target at 0.9300. Stop loss – 0.9220. 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 February 28, 2022 Author Share Posted February 28, 2022 The Walt Disney Co.: wave analysis 28.02.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading. The price may grow. On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed. Now, a downward correction has developed as the second wave 2 of (5), and the formation of the wave 3 of (5) has started, within which the first entry wave of the lower level i of 3 is developing. If the assumption is correct, the price will grow to the levels of 168.30–179.60. In this scenario, critical stop loss level is 140.30. Main scenario Long positions will become relevant during the correction, above the level of 140.30 with the targets at 168.30–179.60. Implementation period: 7 days and more. Alternative scenario The breakdown and the consolidation of the price below the level of 140.30 will let the price go down to the levels of 126.20–107.93. 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 The Walt Disney Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 2, 2022 Author Share Posted March 2, 2022 Visa Inc.: wave analysis 02.03.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Visa Inc. for a better understanding of the current market situation and more efficient trading. The price may grow. On the daily chart, the fifth wave of the higher level (5) develops, within which the third wave 3 of (5) formed, and a downward correction developed as the fourth wave 4 of (5). Now, the fifth wave of the lower level 5 of (5) is developing, within which the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 250.00–280.00. In this scenario, critical stop loss level is 194.75. Main scenario Long positions will become relevant during the correction, above the level of 194.75 with the targets at 250.00–280.00. Implementation period: 7 days and more. Alternative scenario The breakdown and the consolidation of the price below the level of 194.75 will let the price go down to the levels of 173.50–133.62. 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 Visa Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 4, 2022 Author Share Posted March 4, 2022 USD/CAD: US dollar wins back losses 04.03.2022 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 is growing uncertainly, developing the “bullish” momentum formed yesterday, when the instrument was trading near local lows since January 26. Investors are in no hurry to open long positions on the US currency, preferring to wait for today's publication of the final report on the labor market for February, hoping to receive additional confirmation of the possibility of raising interest rates during the March meeting of the US Federal Reserve. Given the aggravation of the situation around Ukraine, it is likely that the regulator may change its original plans. Some concern is caused by the US statistics on business activity published in recent days, which reflects the rapid decline in sentiment, especially in the service sector. The Canadian currency is supported by the actions of the Bank of Canada. On Wednesday, the regulator expectedly raised interest rates by 25 basis points to 0.5%. Yesterday, the head of department, Tiff Macklem, stressed that the Board of Governors of the bank expects further tightening of monetary policy as the national economy grows, while the previous target levels remain unchanged. Support and resistance On the daily chart, Bollinger bands reverse a horizontal plane: the price range slightly expands from below, trying to keep with the surge in trading activity in the middle of the week. MACD indicator tries to reverse upwards, keeping its previous sell signal (the histogram is below the signal line). Stochastic shows similar dynamics, retreating slightly from its lows, signaling that the US dollar is oversold in the ultra-short term. Resistance levels: 1.2700, 1.2750, 1.2786, 1.2812. Support levels: 1.2650, 1.2600, 1.2558, 1.2500. Trading tips Long positions may be opened after the breakout of 1.2700 with the target at 1.2812. Stop loss – 1.2650. Implementation period: 2–3 days. Short positions may be opened after the rebound from 1.2700 and the breakdown of 1.2650 with the target at 1.2558. Stop loss – 1.2700. Use more opportunities of the NPBFX analytical portal: economic calendar Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 7, 2022 Author Share Posted March 7, 2022 AUD/USD: the pair renews the highs of November 2021 07.03.2022 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 shows active growth against the US currency at the trading in Asia, updating local highs from November 4. AUD/USD has been developing a confident "bullish" momentum for the fourth session in a row, despite the fact that the US dollar also remains quite strong due to continued demand for safe assets. On Friday, a strong report on the labor market for February was published, which supported the position of the dollar "bulls" at the end of the week. According to statistics, Nonfarm Payrolls increased by 678K after an increase of 481K in January, while the forecasts assumed a figure of 400K. At the same time, the Unemployment Rate fell from 4% to 3.8%, which also turned out to be better than market expectations at 3.9%. However, the Average Hourly Earnings in February showed only zero dynamics, contrary to forecasts of growth of 0.5%. In annual terms, the indicator slowed down from 5.5% to 5.1%, with expectations of an increase of 5.8%. The rhetoric of the Reserve Bank of Australia (RBA) remains "dovish". Representatives of the regulator noted that they would focus on data on the Consumer Price Index for Q1 2022, which will be released in late April, before making a decision on adjusting the interest rate. Meanwhile, investors are looking forward to the March meeting of the US Federal Reserve and the start of a cycle of changes in monetary policy parameters, announced by the head of the US department, Jerome Powell. Last week, he confirmed the readiness of the regulator to increase the rate by 25 basis points. Support and resistance Bollinger Bands in D1 chart show active 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 overbought AUD in the ultra-short term. Resistance levels: 0.7440, 0.7500, 0.7550, 0.7600. Support levels: 0.7369, 0.7328, 0.7300, 0.7250. Trading tips To open long positions, one can rely on the breakout of 0.7440 with the target at 0.7550. Stop loss – 0.7390. Implementation time: 1-2 days. A rebound from 0.7440 as from resistance, followed by a breakdown of 0.7369 may become a signal for new sales with the target at 0.7250. Stop-loss – 0.7440. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 9, 2022 Author Share Posted March 9, 2022 Hewlett-Packard Co.: technical analysis 09.03.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Hewlett-Packard Co. for a better understanding of the current market situation and more efficient trading. The stocks of Hewlett-Packard Co., the US IT giant, are correcting around 35.62. An uptrend is developing on the global chart of the asset, at the top of which a local downtrend is formed. Now the rate is trying to break the initial correction of 23.6% Fibonacci around 34.00, which coincides with the support line of the global uptrend. The consolidation below it allows three scenarios of the trend development. The first and most likely scenario reaches the 38.2% Fibonacci base retracement level at 30.80. The next variant of the price movement assumes reaching an intermediate correction of 50.0% by Fibonacci around 28.20. The final scenario is a fully formed correction with a full retracement of 61.8% at 25.50. Trading tips After breaking the support line at 34.00, sell positions with the target at the maximum level of 25.50 are relevant. Stop loss — 37.00. Implementation period: 7 days or more. After growth and consolidation above the local maximum of 36.80, buy positions with the targets at the highs of the year at 40.00 and stop loss 34.00 are relevant. 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 Hewlett-Packard Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted March 11, 2022 Author Share Posted March 11, 2022 Brent Crude Oil: wave analysis 11.03.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Visa Inc. for a better understanding of the current market situation and more efficient trading. The price may grow. On the daily chart, the upward wave C, within which the first wave 1 of (1) of C formed. Now, a downward correction has started to develop as the second wave 2 of (1) of C, within which the wave a of 2 is developing. If the assumption is correct, the price will fall to the levels of 77.08–62.50. In this scenario, critical stop loss level is 140.00. Main scenario Short positions will become relevant during the correction, below the level of 140.00 with the targets at 77.08–62.50. Implementation period: 7 days and more. Alternative scenario The breakout and the consolidation of the price above the level of 140.00 will let the price grow to the levels of 155.00–170.00. 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...
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