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EUR/USD: the euro is testing 1.0900 14.03.2022

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 mixed dynamics of trading against the US dollar during the Asian session, consolidating near 1.0900 in anticipation of new movement drivers.

EUR/USD ended last week's trading with an active two-day decline, which almost completely leveled the instrument's attempt to grow on Tuesday and Wednesday. Significant support for the euro was provided by the rhetoric of the European Central Bank (ECB), which announced the curtailment of the quantitative easing (QE) program sooner than expected. Asset purchases will be slowed down from 40 billion euros in April to 30 billion euros in May and to 20 billion euros in June, although earlier it was planned to gradually reduce from 40 billion euros to 20 billion euros by October. The "hawkish" rhetoric of European officials means that before the end of the year, the regulator will be able to get additional space to start a full-fledged tightening of monetary policy through an increase in interest rates, which will remain at current values until inflation reaches the target value of 2%.

In turn, pressure on the euro continues as the conflict escalates in Ukraine, where Russian troops continue to conduct a special military operation. Western countries are introducing more and more new sanctions against businesses and individuals. US authorities have already banned the import of oil, gas and other energy products from Russia, and Europe, in turn, being more dependent on Russian exports, is likely to act gradually. The European Commission has already presented a project for an accelerated phase-out of Russian energy carriers, under which the EU's need for gas from Russia will be reduced by two-thirds by the end of 2022. At the moment, the EU imports 90% of "blue fuel", about 45% of which is supplied by the Russian Federation.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows more confident negative dynamics, but at the moment it is rapidly approaching its low, indicating the risks of EUR being oversold in the ultra-short term.

Resistance levels: 1.0957, 1.1000, 1.1054, 1.1100.
Support levels: 1.0900, 1.0860, 1.0800, 1.0767.

eurusd-14032022-55.png

eurusd-14032022-66.png

Trading tips

To open new short positions, one can rely on the breakdown of 1.0900 with the target at 1.0800. Stop-loss โ€“ 1.0957. Implementation time: 1-2 days.

A rebound from 1.0900 as from support followed by a breakout of 1.0957 may become a signal for new purchases with the target at 1.1100. Stop-loss โ€“ 1.0900.

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.
ย 

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GBP/USD: the pound is attempting a corrective growth 16.03.2022

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 higher against the US currency during the morning session, building on the upside signal generated the day before when GBP/USD again tried to retreat from its record lows since November 2020.

The pound is supported by an optimistic macroeconomic background from the UK, which was supplemented yesterday by strong data on the labor market. The ILO Unemployment Rate in January showed a decrease from 4.1% to 3.9%, which was better than analysts' forecasts of 4%, and the Claimant Count in February fell by 48.1 thousand after a decrease of 31.9 thousand a month earlier. Average Earnings excluding Bonus in January accelerated from 3.7% to 3.8% 3MoY. Including bonus, the indicator showed an increase of 4.8%, which also turned out to be better than market expectations at the level of 4.6%.

The positive dynamics of indicators allow traders to assume that tomorrow, when the Bank of England meets, the interest rate will be raised for the third time in a row to 0.75%. The "hawkish" rhetoric of the regulator's Governor Andrew Bailey or a 50 basis point correction could stabilize the pound at its current low levels and allow quotations to move higher. The US Federal Reserve is meeting today, and current market forecasts also suggest a tightening of monetary policy and a 25 basis point hike in rates.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting ambiguous nature of trading in the short/ultra-short term. MACD indicator reverses to growth while forming a new buy signal (the histogram is about to consolidate above the signal line). Stochastic is showing similar dynamics, retreating from its lows, indicating the oversold GBP in the ultra-short term.

Resistance levels: 1.3100, 1.3150, 1.3200, 1.3250.
Support levels: 1.3000, 1.2960, 1.2900, 1.2850.

gbpusd-16032022-55.png

gbpusd-16032022-66.png

Trading tips

To open long positions, one can rely on the breakout of 1.3100 with the target at 1.3200. Stop-loss โ€” 1.3050. Implementation time: 1-2 days.

The breakdown of 1.3000 may serve as a signal to new sales with the target at 1.2900. Stop-loss โ€” 1.3050.

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 ย NPBFX.

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GBP/USD: Bank of England raises interest rate to 0.75% 18.03.2022

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

During the Asian session, the GBP/USD pair is trading ambiguously, consolidating near 1.3150. The pound is expecting new drivers, but at the end of the week, the macroeconomic calendar is relatively empty, so the news from Eastern Europe will remain the main driving force on the market.

Yesterday, the instrument renewed the daily low, dropping to the 1.3100 area after the Bank of England meeting minutes were published. The British regulator expectedly raised the interest rate for the third time since December this year, bringing it to 0.75%. The decision was not unanimous as to the deputy head of the regulator, Jon Cunliffe, advocated maintaining the current levels of the rate, noting a strong imbalance in supply and demand against the backdrop of a sharp increase in commodities after the start of a special military operation of Russian troops in Ukraine. The Bank of England expects domestic and global inflation to continue to rise and accelerate significantly over the next few months, while growth in energy-importing economies, including the United Kingdom, is likely to slow down. If a peace treaty between Russian and Ukrainian representatives is not signed in the coming weeks, sanctions against the Russian economy can be expected to negatively impact the process of restoring supply chains that were disrupted during the COVID-19 epidemic.

The Bank of England downgraded its inflation forecasts, noting that consumer price growth could reach 8% for April, which is one percent higher than previous estimates. Thus, the decision of the British financial authorities to change the interest rate parameter returns the cost of borrowing in the UK to the levels observed before the coronavirus pandemic.

Support and resistance

On the daily chart, Bollinger Bands are steadily declining. The price range is actively narrowing, reflecting the emergence of multidirectional 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. However, it is quickly approaching its highs, which signals that GBP may become overbought in the ultra-short term.

Resistance levels: 1.3200, 1.3250, 1.3300, 1.3350.
Support levels: 1.3100, 1.3050, 1.3000, 1.2960.

gbpusd-18032022-55.png

gbpusd-18032022-66.png

Trading tips

Long positions may be opened after the breakout of 1.3200 with the target at 1.3300. Stop loss โ€“ 1.3150. Implementation period: 1โ€“2 days.

Short positions may be opened after the breakdown of 1.3100 with the target at 1.3000. Stop loss โ€“ 1.3150.

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.

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Brent Crude Oil: oil prices have returned to growth 21.03.2022

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

Brent Crude Oil prices are actively growing, trying to consolidate above 109 dollars per barrel.

The quotes returned to positive dynamics at the end of last week after renewing local lows on February 25 in response to a further deterioration in the situation around Ukraine. Russian troops have been carrying out a special military operation since the end of February, resulting in unprecedented sanctions pressure from Western countries. Thus, the US authorities earlier announced that they were refusing to import Russian energy carriers, but Europe, due to the close connection of energy systems, could not fully support such a ban since it is 40% dependent on Russian gas supplies. Nevertheless, several European countries intend to minimize supplies until the end of this year. In particular, the authorities of the Baltic countries insist on the introduction of a complete ban, but Germany refuses to support the embargo. Analysts do not rule out that Europe will also try to lobby for a complete ban on Russian energy imports, but the position of France, which currently chairs the European Union, may play a key role here.

The situation in the Middle East also remains alarming, where Saudi Arabia reports new attacks by the Yemeni Houthis on oil facilities. Finally, experts are concerned about the surge in the incidence of COVID-19 in China, which is one of the main consumers of oil and petroleum products in the world. The country's authorities adhere to a zero-tolerance policy against the coronavirus. Therefore, they introduce large-scale restrictions in response to even isolated cases of infection.

Support and resistance

On the daily chart, Bollinger bands are moving in a flat: the price range changes slightly, remaining quite spacious for the current level of activity in the market. The MACD indicator reverses towards growth, forming a new buy signal (the histogram is trying to settle above the signal line). Stochastic is showing more active growth and is already reaching its highs , indicating that the instrument may become overbought in the ultra-short term.

Resistance levels: 112.00, 115.50, 118.32, 121.00.
Support levels: 108.18, 105.00, 102.80, 100.00.

brent-21032022-55.png

brent-21032022-66.png

Trading tips

Long positions may be opened after the breakout of 112.00 with the targets at 118.32โ€“121.00. Stop loss โ€“ 108.18. Implementation period: 2โ€“3 days.

Short positions may be opened after the rebound from 112.00 and the breakdown of 108.18 with the target at 100.00. Stop loss โ€“ 112.00.

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

How can a trader determine if itโ€™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.

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GBP/USD: the pound is updating local highs 23.03.2022

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 is trading with the uptrend against the US currency during the morning session, updating local highs from March 4.

Eurozone countries found themselves in a vulnerable position due to the developing crisis around Ukraine. The European authorities are preparing a new package of sanctions against the Russian economy, which may include significant restrictions or even a complete embargo on energy imports. This will lead to explosive inflation in commodity markets and call into question the ability to ensure energy security. Undoubtedly, high oil and gas prices will have an extremely negative impact on the UK economy, but London today is much less dependent on imports from the Russian Federation, and therefore joined the embargo initiated by the United States earlier.

The pound is also supported by a rather active position of the Bank of England. Last week, the British regulator raised the rate by 25 basis points for the third time in a row to 0.75%. In turn, the US Federal Reserve, which launched a rate hike cycle last week, is gradually tightening its rhetoric, while the stance of the European Central Bank (ECB) remains neutral for now. In addition, the UK recorded an increase in key financial indicators ahead of the publication of data on the Consumer Price Index. It is expected that in annual terms, the figure will be 5.9%, which is much higher than the previous value of 5.5%. Positive dynamics could become a catalyst for the Bank of England and possibly provoke another increase in interest rates. Also the Retail Price Index and the Budget Report will be published during the day.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing to the ascending plane. The price range is expanding; however, it fails to catch the "bullish" activity of the day before. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having approached its highs is reversing into a horizontal plane, indicating the overbought GBP in the ultra-short term.

Resistance levels: 1.3300, 1.3350, 1.3435, 1.3500.
Support levels: 1.3250, 1.3200, 1.3100, 1.3050.

GBPUSD230322-33.png

GBPUSD230322-333.png

Trading tips

To open long positions, one can rely on the breakout of 1.3300 with the target at 1.3435. Stop-loss โ€“ 1.3230. Implementation time: 2-3 days.

A rebound from 1.3300 as from resistance followed by a breakdown of 1.3250 may become a signal for new sales with the target at 1.3100. Stop-loss โ€“ 1.3320.

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.

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EUR/USD: euro recovers at the end of the week 25.03.2022 ย 

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 moderate growth against the US dollar during the Asian session, recovering from the predominantly "bearish" trading dynamics of recent days. EUR/USD is trading slightly above the average Monday levels and is preparing to end the week with almost zero results.

The focus of the market is on the EU summit in Brussels, which is expected to continue the discussion of new packages of sanctions against the Russian economy today. In addition, the details of the implementation of the EU plan to phase out energy from the Russian Federation may be considered. The day before the President of the European Commission Ursula von der Leyen said that the EU is preparing such a plan with a possible date of 2027. The EU is also considering the possibility of centralized purchases of gas and other resources, which, according to von der Leyen, should have a positive impact on price stability.

Moderate support for the euro is provided by yesterday's optimistic macroeconomic statistics from Europe. Markit Manufacturing PMI in Germany in March declined from 58.4 to 57.6 points, which was better than market forecasts at the level of 55.8 points. The services sector also contracted less than expected: from 55.8 to 55 points, while the forecast was for a fall to 53.8 points. Markit PMI Composite in the euro area fell from 55.5 to 54.5 points, ahead of analysts' expectations at the level of 53.9 points.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is almost constant, remaining rather spacious for the current level of activity in the market. MACD indicator is growing keeping a weak buy signal (located above the signal line). Stochastic is showing similar dynamics while reversing upwards in the middle of its area.

Resistance levels: 1.1051, 1.1100, 1.1150, 1.1185.
Support levels: 1.1000, 1.0957, 1.0900, 1.0860.

EURUSD250322-33.png

EURUSD250322-333.png

Trading tips

To open long positions, one can rely on the breakout of 1.1051 with the target at 1.1150. Stop-loss โ€” 1.1000. Implementation time: 1-2 days.

The rebound from 1.1051 as from resistance with the subsequent breakdown of 1.1000 can become a signal to new sales with target at 1.0900. Stop-loss โ€“ 1.1051.

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.

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Netflix Inc.: wave analysis 28.03.2022

Good afternoon, dear forum visitors!

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

Current trend

The price may grow.

On the daily chart, the wave and of the higher level formed, and a downward correction started to develop as the wave B. Now, the wave of the lower level (ะ) of B has formed, and the development of the upward correction ( B ) of B has started. If the assumption is correct, the price will grow to the levels of 514.17โ€“558.76. In this scenario, critical stop loss level is 326.65.

NFLX-280322-33.png

NFLX-280322-333.png

Main scenario

Long positions will become relevant during the correction, above the level of 326.65 with the targets at 514.17โ€“558.76. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 326.65 will let the price go down to the levels of 265.70โ€“165.80.

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 Netflix Inc. and trade efficiently with ย NPBFX.

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Visa Inc.: wave analysis 30.03.2022

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.

Current trend

The price may fall.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction forms as the fourth wave (4). Now, the wave and of (4) is developing, within which the third wave of the lower level iii of ะ has formed, and the development of the wave iv of A is ending. If the assumption is correct, the price will fall to the levels of 163.50โ€“133.60. In this scenario, critical stop loss level is 235.50.

V300322-33.png

V300322-333.png

Main scenario

Short positions will become relevant during the correction, below the level of 235.50 with the targets at 163.50โ€“135.65. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 235.50 will let the price grow to the levels of 252.95โ€“280.00.

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 ย NPBFX.

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XAU/USD: wave analysis 01.04.2022

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

The pair may grow.

On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, the correctional wave iv of (iii) has ended, and the development of the wave v of (iii) is starting. If the assumption is correct, the pair will grow to the levels of 2150.00โ€“2200.00. In this scenario, critical stop loss level is 1890.45.

XAUUSD010422-33.png

XAUUSD010422-333.png

Main scenario

Long positions will become relevant during the correction, above the level of 1890.45 with the targets at 2150.00โ€“2200.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1890.45 will let the pair go down to the levels of 1749.62โ€“1681.52.

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

How can a trader determine if itโ€™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 ย NPBFX.

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Visa Inc.: technical analysis 04.04.2022

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 shares of Visa Inc., America's largest multinational payment services company, are trading at 225.00.

On the daily chart of the asset, a global Expanding formation pattern is developing, within which the fifth wave is forming, directed towards the resistance line around 256.00.

On the four-hour chart, the instrument has already broken the resistance line of the global downtrend at 213.00 and confidently consolidated above it. It indicates a high probability of continued growth of quotations if they break the local year's high, around 235.00. At the moment, indicator Alligator's EMA fluctuations range is expanding in the direction of growth, and the histogram of the AO oscillator is trading in the buying zone.

V040422-11.png

Trading tips

After growth and consolidation above the local resistance level of 230.00, the main scenario is relevant, which involves the formation of buy positions with the target at 256.00. Stop loss โ€“ 220.00. Implementation period: 7 days or more.

After the reversal, decline, and consolidation of the price below the support level of 219.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at the pattern support line of 190.00. Stop loss โ€“ 230.00.

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 ย NPBFX.

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Amazon.com Inc.: technical analysis 06.04.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Amazon.com Inc. for a better understanding of the current market situation and more efficient trading.

The shares of Amazon.com Inc., the world leader in e-commerce, are trading around 3279.00.

On the daily chart of the asset, a new global Expanding formation pattern is developing, and yesterday, the price reached its resistance line of 3380.0, completing the formation of the third wave. The next step in implementing the figure will be forming a fourth downward wave, which, judging by some signs, has already begun.

On the four-hour chart, near the resistance line, there is a completion of a local reversal Head and shoulders pattern; the breakdown of its Neckline, located around 3226.0, allows a decrease to the year's lows around 2705.0.

The readings of technical indicators confirm the high probability of further decline: indicator Alligator's EMA fluctuations range began to narrow actively, and the histogram of the AO oscillator forms downward bars in the buying zone.

AMZN060422-11.png

Trading tips

After the price drops and consolidates below the local support of 3226.0, the main scenario is relevant, which involves opening short positions to reach the year's low at 2705.0. Stop loss is 3400.0, above the current quote. Implementation period: 7 days or more.

After growth and consolidation above the local maximum of 3378.0, an alternative scenario is relevant, assuming the formation of buy positions with the target around 3726.0. Stop loss โ€” 3200.0.

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 Amazon.com Inc. and trade efficiently with ย NPBFX.

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XAU/USD: wave analysis 08.04.2022

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

The pair may grow.

On the daily chart, the third wave of the higher level 3 of (5) develops, within which the wave iii of 3 forms. Now, the third wave of the lower level (iii) of iii is developing, within which the wave iii of (iii) has formed, the correctional wave iv of (iii) has ended, and the development of the wave v of (iii) has started. If the assumption is correct, the pair will grow to the levels of 2150.00โ€“2200.00. In this scenario, critical stop loss level is 1890.45.

XAUUSD080422-33.png

XAUUSD080422-333.png

Main scenario

Long positions will become relevant during the correction, above the level of 1890.45 with the targets at 2150.00โ€“2200.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1890.45 will let the pair go down to the levels of 1749.62โ€“1681.52.

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

How can a trader determine if itโ€™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 ย NPBFX.

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WTI Crude Oil: wave analysis 11.04.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on WTI Crude Oil for a better understanding of the current market situation and more efficient trading.

Current trend

The price may fall.

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed, and a downward correction develops as the second wave 2 of (1) of C. Now, the wave of the lower level a of 2 is developing, within which the correctional wave (ii) of a and the wave (iii) of a has ended. If the assumption is correct, after the end of the local correction (iv) of the price will fall to the levels of 82.30โ€“67.00. In this scenario, critical stop loss level is 118.28.

WTI-Crude-Oil-110422-33.png

WTI-Crude-Oil-110422-333.png

Main scenario

Short positions will become relevant during the correction, below the level of 118.28 with the targets at 82.30โ€“67.00. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 118.28 will let the price grow to the levels of 131.00โ€“145.00.

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

How can a trader determine if itโ€™s worth buying or selling WTI Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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XAG/USD: metal quotes are recovering 13.04.2022

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

Current trend

Silver prices show a weak increase during the Asian session, retesting the level of 25.50. The instrument has been developing a fairly active uptrend since April 6, retreating from local lows since the end of last month and receiving support from statistics on record inflation in the world. Given the high Consumer Price Index in the US, which reached 8.5% in March, as well as the growing geopolitical uncertainty against the backdrop of the development of the Russian-Ukrainian conflict and severe anti-COVID restrictions in China, the demand for defensive assets remains elevated.

Macroeconomic statistics released the day before showed an increase in annual consumer inflation in the US to 8.5%, which was a new record high for 41 years. At the same time, a sharp tightening of the US Federal Reserve's monetary policy is expected in May: in addition to the expected rate hike by 50 basis points at once, a quantitative tightening program may also be launched to correct its balance.

Additional support for the metal comes from the prospect of a gradual lifting of COVID restrictions in China, while the restoration of industrial activity. The Chinese authorities announced the easing of a number of quarantine measures in parts of Shanghai, which will affect almost 5 million people, since there were no new cases of coronavirus infection over the past two weeks. Silver, unlike gold, is more actively used in industry, and therefore reacts sharply to such factors.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range remains practically unchanged, limiting the development of "bullish" dynamics in the short term. MACD grows, preserving a stable 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 instrument in the ultra-short term.

Resistance levels: 25.58, 26.00, 26.27, 26.57.
Support levels: 25.35, 25.00, 24.67, 24.42.

XAGUSD130422-33.png

XAGUSD130422-333.png

Trading tips

To open long positions, one can rely on the breakout of 25.58 with the target at 26.27. Stop-loss โ€“ 25.20. Implementation time: 2-3 days.

A rebound from 25.58 as from resistance, followed by a breakdown of 25.35 may become a signal for opening of new short positions with the target at 24.67. Stop-loss โ€“ 25.75.

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

How can a trader determine if itโ€™s worth buying or selling XAG/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.

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USD/CHF: the pair ends the week with strong growth 15.04.2022

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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

The US dollar is testing the level of 0.9430 for a breakout, updating local highs from March 16. The day before, USD/CHF pair showed steady growth, reacting to the results of the meeting on the monetary policy of the European Central Bank (ECB).

As expected, the regulator did not change the monetary policy parameters and kept the rate at zero. At the same time, officials signaled the start of a gradual reduction in bond purchases under the quantitative easing (QE) program from the current 40B euros to 30B euros in May and 20B euros in June, after which the program will probably be completed in Q3. By this time, the ECB will also think about raising the interest rate, although analysts' opinions on this matter differ.

The rest of the macroeconomic background on Thursday remained neutral. In Switzerland, data on the Producer Price Index and Imports were released, which reflected the growth of the index in March by 0.8% MoM and 6.1% YoY, which significantly exceeded the average market forecasts of 0% and 4.9%, respectively. Statistics from the US disappointed investors: Retail Sales data turned out to be negative and recorded a decline from 0.8% to 0.5% in March, while the April Michigan Consumer Sentiment Index unexpectedly rose from 59.4 to 65.7 points.

The Swiss authorities announced their decision to join the fifth package of sanctions adopted by the EU in April against Russia and Belarus. The restrictions include measures related to the closure of ports for ships, as well as land transportation of goods, the import of certain types of wood, fertilizers, seafood, semiconductors, high-tech electronics, and will also affect the activities of companies whose technologies are directly related to the military special operation that is taking place on the territory of Ukraine.

Support and resistance

On the daily chart, Bollinger Bands are growing actively. The price range is widening but does not conform to the development of the "bullish" trend in the short run yet. MACD is maintaining a strong buy signal, being located above the signal line. Stochastic is showing similar dynamics; however, the indicator line is again approaching its highs, indicating the risks of overbought USD in the ultra-short term.

Resistance levels: 0.9459, 0.9500, 0.9540, 0.9600.
Support levels: 0.9400, 0.9352, 0.9300, 0.9279.

USDCHF150422-33.png

USDCHF150422-333.png

Trading tips

To open long positions, one can rely on the breakout of 0.9459 with the target at 0.9540. Stop-loss โ€“ 0.9415. Implementation time: 1-2 days.

A rebound from 0.9459 as from resistance, followed by a breakdown of 0.9400 may become a signal for opening of new short positions with the target at 0.9300. Stop-loss โ€“ 0.9459.

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.

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Microsoft Corp.: wave analysis 18.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the third wave of the higher level 3 developed, within which the wave (5) of 3 formed, and a downward correction develops as the fourth wave 4. Now, the wave (ะ) of 4 has formed, the wave ( B ) of 4 has developed, and the wave ( C ) of 4 has formed, within which the first wave of the lower level 1 of ( C ) is developing. If the assumption is correct, the price will fall to the levels of 241.00โ€“219.45. In this scenario, critical stop loss level is 316.32.

MSFT180422-33.png

MSFT180422-333.png

Main scenario

Short positions will become relevant during the correction, below the level of 316.32 with the targets at 241.00โ€“219.45. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 316.32 will let the price grow to the levels of 350.40โ€“375.00.

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 Microsoft Corp. and trade efficiently with ย NPBFX.

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Pfizer Inc.: technical analysis 20.04.2022

Good afternoon, dear forum visitors!

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

The shares of Pfizer Inc., the world's largest pharmaceutical company, are just above 50.00.

On the daily chart, the asset reached the 61.8% Fibonacci full retracement level at 55.00, reversed, and headed lower. The current downward movement has enough strength to break the year's low of 45.00, as the price passed intermediate support levels of 50.0% and 38.2% Fibonacci in just two days.

Technical indicators are ready to reverse and give a sell signal: fast EMAs on the Alligator indicator have already crossed each other and are approaching the signal line, while the AO oscillator histogram has almost reached the transition level, continuing to form downward bars.

PFE200422-22.png

Trading tips

After the price declines and consolidates below the initial 23.6% Fibonacci correction of 49.00, the main scenario is relevant, assuming the formation of sell positions with the target at 45.00. Stop loss โ€” 51.00. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the base Fibonacci 38.2% correction of 51.00, the alternative scenario is relevant, which involves opening long positions with the target at 53.00. Stop loss โ€” 50.00.

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 Pfizer Inc. and trade efficiently with ย NPBFX.

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Brent Crude Oil: wave analysis 22.04.2022

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

The price is in a correction and may grow.

On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C forms. Now, the third wave of the lower level iii of 1 has developed, and a local correction is ending to form as the fourth wave iv of 1, within which the wave (e) of iv is developing. If the assumption is correct, after the end of the correction the price will grow to the levels of 139.64โ€“155.00. In this scenario, critical stop loss level is 97.73.

Brent-Crude-Oil-220422-33.png

Brent-Crude-Oil-220422-333.png

Main scenario

Long positions will become relevant after the end of the correction, above the level of 97.73 with the targets at 139.64โ€“155.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 97.73 will let the price go down to the levels of 77.08โ€“62.50.

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

How can a trader determine if itโ€™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 ย NPBFX.

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Netflix Inc.: wave analysis 25.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the wave and of the higher level formed, and a downward correction develops as the wave B. Now, the wave (ะ) of B has formed, the correction (B) of B has developed, and the wave (C) of B is forming, within which the first wave of the lower level 1 of (C) has formed. If the assumption is correct, after the end of the wave 2 of (C) the price will fall to the levels of 165.80โ€“83.80. In this scenario, critical stop loss level is 325.85.

NFLX-250422-33.png

NFLX-250422-333.png

Main scenario

Short positions will become relevant after the end of the correction, below the level of 325.85 with the targets at 165.80โ€“83.80. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 325.85 will let the price grow to the levels of 397.00โ€“469.77.

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 Netflix Inc. and trade efficiently with ย NPBFX.

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