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Visa Inc.: wave analysis 27.04.2022

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 price may fall.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction formed as the fourth wave (4). Now, the wave A of (4) is developing, within which the development of the wave iv of A is ending, and the wave v of A is forming. If the assumption is correct, the price will fall to the levels of 178.37–135.65. In this scenario, critical stop loss level is 223.95.

V-270422-33.png

V-270422-333.png

Main scenario

Short positions will become relevant during the correction, below the level of 223.95 with the targets at 178.37–135.65. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 223.95 will let the price grow to the levels of 252.95–280.00.

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 Visa Inc. and trade efficiently with  NPBFX.

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Apple Inc.: technical analysis 29.04.2022

Good afternoon, dear forum visitors!

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

US tech giant Apple Inc. traded in a corrective trend around 163.00.

On the daily chart of the asset, a wide downward channel continues to form, within which the price is falling towards the support line and has already reached the Fibonacci base retracement level of 38.2% at around 156.00.

Despite the local growth, there is a clear predominance of a downtrend in the four-hour time frame. It is only a matter of time before the price breaks the channel support line at 149.00 and then reaches the full Fibonacci retracement level of 61.8% at 141.00.

The high probability of a global decline in quotes is also confirmed by the readings of technical indicators: the range of EMA fluctuations on the Alligator indicator began to expand towards decline, and the histogram of the AO oscillator moved to the sales zone, forming descending bars.

AAPL-290422-2.png

Trading tips

If the main scenario is realized, the asset reverses and continues to decline, as well as the price consolidating below the Fibonacci base retracement level of 38.2%, located at 156.00, it is worth opening short positions with the target at 141.00 and stop-loss at 160.00. Implementation time: 7 days and more.

If the alternative scenario is implemented and the asset continues to grow, as well as the price consolidates above the initial retracement level of 23.6% at 166.00, long positions with the target at 181.00 will be relevant. Stop-loss – 160.00.

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 Apple Inc. and trade efficiently with  NPBFX.

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USD/CAD: Canada's GDP reflected the growth of the economy 02.05.2022

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 Canadian currency continues to resist the active growth of the US dollar, receiving support after the publication of data on Gross Domestic Product (GDP). At the moment, the quotes of USD/CAD are trading in a local uptrend at around 1.2869.

Thus, according to the statistics presented, Canada's economy grew by 1.1% in February, which is the best indicator since March 2021. Experts also note a significant strengthening of the services sectors (by 0.9%) and the production of goods (by 1.5%). Sixteen out of twenty industries grew in this period, and preliminary data show that in March, the country's GDP may continue its positive dynamics and add another 0.5% due to the recovery of the national tourism market, as coronavirus restrictions were significantly eased. More than one million tourists visited Canada in the middle of last month for the first time since the pandemic, according to the Canada Border Services Agency (CBSA). As for the quarterly GDP indicator, the preliminary forecast indicates a possible growth of 1.4%, which may also have a positive impact on the national currency.

Meanwhile, the US dollar is still holding above 103.000 in the USD Index after Friday's release of macroeconomic statistics. The Labor Cost Index in Q1 increased by 1.4% from 1.0%, which exceeded the 1.1% expected by analysts, and the Earnings index rose by 1.20%, having risen by 1.00% a quarter earlier, while the annual Personal Consumption Expenditure Index stood at 6.6 points in March, outperforming February's 6.3 points.

Support and resistance

On the daily chart, the price continues to trade within a wide channel, actively approaching the resistance line. Technical indicators are holding a steady signal to open long positions: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is forming new ascending bars trading in the buy zone.

Support levels: 1.2798, 1.2448.
Resistance levels: 1.2937, 1.3100.

usdcad-02052022-44.png

Trading tips

If the asset continues growing and the price consolidates above 1.2937, long positions with the target of 1.3100 will be relevant. Stop-loss – 1.2900. Implementation time: 7 days and more.

If the asset reverses and declines and the price consolidates below 1.2798, short positions can be opened with the target at 1.2448. Stop-loss – 1.2900.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

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McDonald’s Corp.: technical analysis 04.05.2022

Good afternoon, dear forum visitors!

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

Shares of the world's largest fast food chain McDonald's Corp. are declining, trading around 245.00.

On the daily chart of the asset, the formation of a global correction continues, which, after the completion of the next wave of upward movement, is preparing to move on to a new stage of decline. After working out the Head and Shoulders pattern, the quotes of the asset returned to the broken Neckline at around 258.00 and are now preparing for a reversal.

On the four-hour time frame, the upcoming reversal is indicated by the formation of a new local Head and Shoulders pattern, the development of which can continue to the level of the initial trend of 61.8% of the Fibonacci extension at around 226.00. The high probability of a price decline is also confirmed by technical indicators, which almost completely reversed downwards: fast EMAs on the Alligator indicator are actively approaching the signal line, and on the AO oscillator, the histogram continues to form bars with a downtrend, approaching the transition level.

MCD-040522-11.png

Trading tips

If the asset reverses completely and continues the global decline, and the price consolidates below the local support level at 242.00, short positions can be opened with the target at 226.00. Stop-loss must be set above the local support level of 250.00. Implementation time: 7 days and more.

If the growth of the asset continues and the price consolidates above the local resistance level of 254.00, it is worth opening long positions in order to reach the resistance level of 263.00. Stop-loss – 248.00.

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 McDonald’s Corp. and trade efficiently with  NPBFX.

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Brent Crude Oil: wave analysis 06.05.2022

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.

The asset is in correction; the probability of fall is maintained.

On the daily chart, an ascending wave C is developing, in which the first wave 1 of (1) of C was formed. At the moment, the downward correction continues to develop as the second wave 2 of (1) of C, in which the lower level wave a of 2 has formed and the wave b of 2 is developing. If the assumption is correct, the price will fall to the levels of 77.08–62.50. The level of 139.45 is critical and stop-loss for this scenario.

BRENT-060522-33.png

BRENT-060522-333.png

Main scenario

Short positions are relevant from the corrections below the level of 139.45 with the targets at 77.08–62.50. Implementation time: 7 days and more.

Alternative scenario

Breakout and consolidation of the price above the level of 139.45 will allow the instrument to rise 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.

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NZD/USD: pressure on the New Zealand economy intensifies 09.05.2022

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

The New Zealand dollar continues to fall against the US currency after the release of poor macroeconomic data, currently trading around the level of 0.6345.

Thus, according to the publication of Statistics New Zealand, annual wage inflation for March, measured by the labor cost index, increased to 3.0% compared to 2.6% a month earlier and reached its high in the last 13 years. Statistics also recorded an increase in the cost of labor for enterprises, which ultimately leads to an increase in prices for manufactured products, contributing, in turn, to a slowdown in economic recovery. The increase in consumer prices on an annualized basis has already exceeded wage inflation, amounting to 6.9% for March against 3.0% for April and reflecting the declining ability to pay. Also, experts predict a weakening of the national currency due to a negative impact on the economy if demand in China decreases due to the quarantine lockdowns caused by a new wave of COVID-19. From May 5, Beijing residents must provide a negative test for coronavirus in public transport, and from May 1, the same rule applies in all public places.

The US currency continues to trade above 103.000 in the USD Index, and late last week, it received significant support after the release of data on US non-farm payrolls. Despite preliminary estimates by analysts who assumed a decrease in jobs by 391K from 424K a week earlier, the figure remained unchanged, which is a positive factor for the dollar dynamics. Meanwhile, manufacturing jobs rose by 55K from 43K, and private non-farm payrolls stood at 406K against a forecast of 385K. The unemployment rate remained flat at 3.6%, instead of an expected decline to 3 5%, while the average hourly wage slowed growth from 0.5% to 0.3%, allowing investors to hope to reduce inflation. At the moment, market participants are trying to assess how the US economy will be affected by the current tightening of monetary policy by the US Federal Reserve: will it withstand pressure or still go into recession.

Support and resistance

The instrument's quotes are traded within the global downward channel, near the support line. Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram trades deep in the sell zone.

Support levels: 0.6350, 0.6100.
Resistance levels: 0.6540, 0.6800.

nzdusd-09052022-33.png

Trading tips

After a decline or consolidation below the local support level of 0.6350, sell positions with the target at 0.6100 are relevant. Stop loss – 0.6500. Implementation period: 7 days or more.

After a reversal, growth, or consolidation above the local resistance level of 0.6540, long positions with the target at 0.6800 will be relevant. Stop loss – 0.6400.

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 NZD/USD and trade efficiently with NPBFX.

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Alcoa Corp.: technical analysis 11.05.2022

Good afternoon, dear forum visitors!

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

The shares of Alcoa Corp., one of the world's largest aluminum producers, are correcting at 55.00.

On the daily chart of the asset, a local ascending channel has formed, which is the final stage of the global trend wave. The trend in the instrument changed, and the price managed to break the initial 23.6% Fibonacci retracement at 76.00 and the 38.2% base retracement at 62.50.

On the four-hour chart, the next support for the rate is the 50.0% Fibonacci intermediate correction level at 51.50, after which the correction will form completely.

Technical indicators maintain a clear sell signal: indicator Alligator's EMA fluctuations range expands downwards, and the histogram of the AO oscillator forms bars with a downward trend in the sell zone.

AA-11052022-22.png

Trading tips

After the asset declines and consolidates below the intermediate correction level at 51.50, the main scenario, assuming the formation of sell positions with the target at 40.50 and stop loss around 55.00, will be relevant. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the 38.2% basic correction at 62.50, it is worth opening long positions with the target at 76.00 and stop loss 58.00.

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 Alcoa Corp. and trade efficiently with  NPBFX.

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XAU/USD: wave analysis 13.05.2022

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.

The pair is in a correction and may grow.

On the daily chart, the fifth wave of the higher level (5) of 3 develops, within which the wave 3 of (5) formed. Now, a downward correction is ending as the fourth wave 4 of (5), within which the development of the wave c of 4 is ending. If the assumption is correct, after the end of the correction, the pair XAU/USD will grow to the levels of 2070.42–2200.00. In this scenario, critical stop loss level is 1770.20.

XAUUSD-130522-33.png

XAUUSD-130522-333.png

Main scenario

Long positions will become relevant after the end of the correction, above the level of 1770.20 with the targets at 2070.42–2200.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1770.20 will let the pair go down to the levels of 1622.75–1513.95.

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.

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Walmart Inc.: technical analysis 16.05.2022

Good afternoon, dear forum visitors!

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

The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are correcting, trading at 148.00.

On the daily chart of the asset, the price entered a full-fledged correction, consolidation below the initial correction of 23.6% Fibonacci around 153.00. The signs of decline will become the price breaking the 38.2% Fibonacci base retracement at 146.00 and the proximity of the resistance line of the recently passed wide downwards channel at 145.00.

Technical indicators gave a new sell signal: indicator Alligator's EMA fluctuations range began to expand downwards actively, and the histogram of the AO oscillator moved into the sell zone, forming the first bars below the transition level.

WMT-16052022-22.png

Trading tips

After the price drops and consolidates below the intermediate correction level of 146.00, the main scenario is relevant, assuming the formation of sell positions with the target at 143.00 and stop loss 148.00. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the basic correction level of 150.00, an alternative scenario is relevant, which involves the formation of buy positions with the target at 154.00 and stop loss 148.00.

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 Walmart Inc. and trade efficiently with  NPBFX.

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Visa Inc. Class A: technical analysis 18.05.2022

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. Class A, the largest American multinational company providing payment transaction services, are corrected at 203.00.

On the daily chart of the asset, a global side channel is developing with the boundaries of 189.00–235.00, and at the moment, the price has reversed upwards from its support line.

Primary signs of a reversal appeared on the four-hour chart: the price has broken the local resistance around 200.00. Technical indicators also point to a high probability of continued growth: indicator Alligator’s EMA fluctuations range began to actively narrow, fast EMAs are approaching the signal line, and the AO oscillator histogram began to form new rising bars in the sell zone.

V-180522-22.png

Trading tips

After the price rises and consolidates above the local resistance level at 205.00, the main scenario is relevant, assuming the formation of buy positions with the target at 235.00 and stop loss 200.00. Implementation period: 7 days or more.

After the price reverses, falls, and consolidates below the support level at 189.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at 170.00 and stop loss around 200.00.

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 NPBFX.

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Tesla Inc.: technical analysis 20.05.2022

Good afternoon, dear forum visitors!

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

The shares of Tesla Inc., the world's leading manufacturer of electric cars, continue their global correction, trading at 709.00.

On the daily chart of the asset, the price is moving within the global Expanding formation pattern with dynamic extremes at 1150.00–500.00. At the moment, the instrument is forming the fifth wave of the pattern, which is one of the two most probable waves.

On the four-hour chart, the rate can already break the low of the third wave at 700.00 today, which will be a signal to continue the downward movement. The readings of technical indicators confirm the likelihood of a decline: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO oscillator histogram is forming bars with a downward trend in the sell zone.

TSLA-200522-22.png

Trading tips

After the price drops and consolidates below the local minimum at 680.00, the main scenario is relevant, which involves the formation of sell positions with the target at 500.00 and stop loss 750.00. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the local resistance level at 764.00, an alternative scenario is relevant, which involves the formation of buy positions with the target at 950.00 and stop loss 700.00.

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 Tesla Inc. and trade efficiently with  NPBFX.

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XAG/USD: wave analysis 23.05.2022

Good afternoon, dear forum visitors!

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

The pair XAG/USD is in the correction, a fall is possible.

On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the fourth wave of the lower level iv of C has formed, and the development of the fifth wave v of C has started, within which a local correction of the lower level is forming as the wave (iv) of v. If the assumption is correct, after the end of the correction, the price will fall to the levels of 18.40–15.60. In this scenario, critical stop loss level is 23.20.

XAGUSD230522-33.png

XAGUSD230522-333.png

Main scenario

Short positions will become relevant after the end of the correction, below the level of 23.20 with the targets at 18.40–15.60. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 23.20 will let the price grow to the levels of 26.20–29.81.

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

How can a trader determine if it’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.

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

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EUR/USD: statistics from the eurozone disappointed investors 25.05.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows a slight decrease against the US dollar during the Asian session, correcting after the "bullish" start of the week, which led to the renewal of local highs for the instrument from April 25. Quotes are still supported by the moderate weakness of the dollar, which reacts negatively to the publication of mixed macroeconomic statistics. In addition, investors positively assessed the rhetoric of the President of the European Central Bank (ECB) Christine Lagarde, who actually announced the imminent completion of the quantitative easing program and a possible increase in interest rates by 50 basis points in July.

Traders also assess the statement of the President of the European Commission, Ursula von der Leyen, who announced a number of steps to reduce the EU's dependence on Russian energy resources. The authorities intend to accelerate the transition to "green" energy, increasing the current target values from 9% to 13% by 2030. In particular, the construction of solar roofs in new buildings is proposed. About 300 billion euros will be needed for energy reforms, of which about 72 billion euros will be grants and 225 billion can be obtained in the form of loans. Up to 2 billion euros will be needed for oil infrastructure, taking into account the cessation of shipments of Russian oil.

Meanwhile, macroeconomic statistics from the euro area, released the day before, turned out to be negative. Markit Services PMI fell from 57.7 to 56.3 points, which turned out to be worse than market expectations for a reduction to 57.5 points. Composite PMI fell from 55.8 to 54.9 points, which also turned out to be weaker than market forecasts at the level of 55.3 points.

Today, investors are focused on statistics from Germany on updated estimates of GDP for Q1 2022. Also during the day, ECB representatives are expected to speak, including the President of the regulator, Christine Lagarde.

Support and resistance

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

Resistance levels: 1.0747, 1.0800, 1.0850, 1.0900.
Support levels: 1.0700, 1.0640, 1.0600, 1.0500.

EURUSD250522-33.png

EURUSD250522-333.png

Trading tips

Long positions can be opened after breakout of 1.0747 with the target of 1.0850. Stop-loss – 1.0700. Implementation time: 2-3 days.

The breakdown of 1.0640 may serve as a signal to open short positions with the target at 1.0530. Stop-loss – 1.0700.

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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USD/CHF: the US dollar remains under pressure 27.05.2022

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 slightly corrected, renewing local lows from April 26. The asset is preparing to end trading with a fairly confident decline and continue the development of a strong "bearish" momentum formed last week.

The pressure on quotes is again exerted by uncertain US macroeconomic statistics, which increases the risk that the US Federal Reserve will break the interest rate hike cycle after its planned increase in June and July. Traders fear that the actions of financial regulators, which are due to the fight against high inflation, will lead to a noticeable slowdown in global economic growth. According to the revised data, the contraction of the US economy for the first quarter of this year amounted to 1.5%, which was 0.1% worse than the previous estimate.

On Friday, traders expect the publication in the US of April data on the dynamics of income and expenses of American citizens. Current forecasts suggest that revenue growth will remain flat at 0.5%, while spending could slow from 1.1% to 0.7%.

Support and resistance

On the daily chart, Bollinger Bands are steadily declining: the price range expands, letting the "bears" renew local lows. The MACD indicator falls, keeping a strong sell signal (the histogram is below the signal line). Stochastic is close to its lows, signaling that USD may become oversold in the ultra-short term.

Resistance levels: 0.9600, 0.9637, 0.9700, 0.9762.
Support levels: 0.9535, 0.9459, 0.9400, 0.9300.

usdchf-27052022-44.png

usdchf-27052022-55.png

Trading tips

Short positions may be opened after the breakdown of 0.9535 with the target at 0.9400. Stop loss – 0.9600. Implementation period: 1–2 days.

Long positions may be opened after the rebound from 0.9535 and the breakout of 0.9600 with the target at 0.9700. Stop loss — 0.9550.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on USD/CHF 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, GBP/USD, 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 USD/CHF and trade efficiently with  NPBFX.

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Alibaba Group Holdings Ltd.: technical analysis 30.05.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Alibaba Group Holdings Ltd. for a better understanding of the current market situation and more efficient trading.

The shares of Alibaba Group Holdings Ltd., one of the largest companies in the world in the field of Internet commerce, are correcting, trading at 92.00.

On the daily chart, a wide downwards channel with dynamic boundaries 70.00–100.00 is formed, within which the price is held for a long time near the resistance line, unsuccessfully trying to break it.

On the four-hour chart, the local Triangle pattern is formed, the upper border of which coincides with the resistance line of the global channel around 100.00.

At the moment, there is no clear signal from the indicators for the subsequent movement yet but, given the factor of the pattern, the growth potential prevails: fast EMA on the Alligator indicator is actively approaching the signaling line, and the histogram of the AO indicator forms upward bars.

BABA-300522-11.png

Trading tips

After the reverse, growth and consolidation of the price above 101.00, the main scenario is relevant, which involves the formation of buy positions with the target at 119.00 and stop loss 95.00. The implementation period: 7 days or more.

After decrease and consolidation of the price below 81.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at 70.00 and stop loss 85.00.

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 Alibaba Group Holdings Ltd. and trade efficiently with  NPBFX.

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Pfizer Inc.: technical analysis  01.06.2022

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., one of the world's largest pharmaceutical companies, are correcting slightly above 53.00.

An uptrend is forming on the daily chart of the asset, and the price is holding above the support line at 49.00, developing a local increase.

On the four-hour chart, it can be seen that the channel with dynamic boundaries 49.00–57.00 is quite stable, and the price is approaching the resistance line, which is the main goal of the current upward movement of quotes. Since the price is in the middle of the channel, a downward scenario with reaching the support line at 49.00 is not excluded.

Technical indicators keep a stable buy signal, which is a priority: fast EMAs on the alligator indicator are above the signal line, and the AO oscillator histogram is trading in the buy zone, forming upward bars.

PFE-010622-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 54.70 with the target at 59.00. Stop loss is 53.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 50.80 with the target at 47.70. Stop loss is 52.00.

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 Pfizer Inc. and trade efficiently with NPBFX.

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Alphabet Inc.: technical analysis 03.06.2022

Good afternoon, dear forum visitors!

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

Alphabet Inc. shares are trading at 2352.00.

On the daily chart of the asset, a global downtrend is forming, within which the price reached the low of the year 2090.0 and is now growing as part of a correction.

On the four-hour chart, the upward movement has already overcome the initial correction of 23.6% Fibonacci around 2274.0, which means the beginning of a full-fledged correction. The main targets for this local growth may be an intermediate correction of 50.0% and a complete correction of 61.8% by Fibonacci at 2480.0 and 2572.0, respectively.

Technical indicators do not exclude growth and have already begun to weaken the global sell signal: fast EMAs on the Alligator indicator are approaching the signal line, and the AO oscillator histogram is trading below the transition level, forming upward bars.

GOOG-030622-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 2387.0 with the target at 2572.0. Stop loss is 2300.0. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 2274.0 with the target at 2090.0. Stop loss is 2320.0.

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 Alphabet Inc. and trade efficiently with  NPBFX.

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eBay Inc.: technical analysis 06.06.2022

Good afternoon, dear forum visitors!

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

The shares of eBay Inc., the world's largest online auction, are correcting upwards around the level of 47.00.

On the daily chart, the price is falling within a narrow downwards channel, approaching the resistance line. The key support remains a full correction of 61.8% Fibonacci 46.00, after its breakdown, the downward dynamics will intensify.

On the four-hour chart, local growth may continue after consolidation above the local high of last week around 48.80. In this case, the movement target will be the 50.0% Fibonacci intermediate correction level at 53.30.

At the moment, fast EMAs on the Alligator indicator are approaching the signal line, and the AO oscillator histogram is forming upward bars in the sell zone.

EBAY060622-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 48.80 with the target at 53.30 and stop loss around 47.00. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 46.00 with the target at 40.00. Stop loss is below 48.00.

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 eBay Inc. and trade efficiently with NPBFX.

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The Walt Disney Co.: technical analysis 08.06.2022

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 shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are correcting around 107.00.

On the daily chart of the asset, the formation of a global downwards channel with dynamic boundaries at 90.00–123.00 continues, and after reaching the support line at 91.00, the price reversed upwards.

On the four-hour chart, the current decline has turned into an independent trend, and soon the asset may attempt to reverse test the Fibonacci 61.8% retracement level of 124.00.

Technical indicators are ready for a reversal and signal a significant weakening of the "bears": indicator Alligator’s EMA oscillation range actively narrows, and the histogram of the AO oscillator forms bars with an upward trend in the sell zone.

DIS-080622-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 111.00 with the target at 124.00. Stop loss is 105.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 101.00 with the target at 91.00. Stop loss is 105.00.

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 The Walt Disney Co. and trade efficiently with  NPBFX.

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