Antony_NPBFX Posted June 10, 2022 Author Share Posted June 10, 2022 Starbucks Corp.: technical analysis 10.06.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Starbucks Corp. for a better understanding of the current market situation and more efficient trading. The shares of Starbucks Corp., one of the largest companies in the world that owns a chain of coffee houses, are trading in a corrective trend around the level of 79.00. On the daily chart of the asset, a wide downward channel forms, within which the price has renewed the year’s low around 69.00, coinciding with the initial trend of 61.8% for the Fibonacci extension. On the four-hour chart, the upward correction is strengthening, and the recent achievement of the previous local high of 81.50 is an important marker of growth. The further development of positive dynamics is confirmed by the readings of technical indicators that gave a new buy signal: fast EMAs on the Alligator indicator crossed the signal line upwards, expanding the range of fluctuations, and the histogram of the AO oscillator, having moved into the buy zone, forms ascending bars. Trading tips Long positions may be opened after the price rises and consolidates above 81.50 with the target at 93.00. Stop loss is 78.00. Implementation period: 7 days or more. Short positions may be opened after the price drops and consolidates below 69.00 with the target at 54.00. Stop loss is 78.00. 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 Starbucks Corp. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
broforex51 Posted June 12, 2022 Share Posted June 12, 2022 I have bad experience with NPBFX Broker, this is happened when there is election in England and NPBFX Broker said that they will not decrease their leverage, but in fact they do it, so I lost my money. Please be careful with your broker, make sure everything is OK. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 13, 2022 Author Share Posted June 13, 2022 Adobe Systems Inc.: technical analysis 13.06.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Adobe Systems Inc. for a better understanding of the current market situation and more efficient trading. The shares of Adobe Systems Inc., the US software giant, decrease, trading around 393.00. A downtrend is forming on the daily chart of the asset, which may continue with renewed vigor if the price breaks the global year’s low of 373.00. On a four-hour chart, the trading instrument failed to overcome the resistance line of the global downtrend at 440.00 and, having reversed, is actively declining. Despite the recent upward correction, the current momentum began with a price gap, one of the key markers reflecting its strength. Technical indicators reflect a possible reversal: indicator Alligator’s EMA oscillation range began to actively narrow, and the histogram of the AO oscillator formed the first down bar in the buy zone. Trading tips Short positions may be opened after the price drops and consolidates below 373.00 with the target at 300.00. Stop loss is 400.00. Implementation period: 7 days or more. Long positions may be opened after a reversal, growth, and consolidation of the price above 420.00 with the target at 474.00. Stop loss is 390.00. 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 Adobe Systems Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 15, 2022 Author Share Posted June 15, 2022 GBP/USD: correction after a sharp decline the day before 15.06.2022 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 upwards during the morning session, correcting after a sharp decline the previous day, as a result of which GBP/USD made new record lows in March 2020. The reason for the emergence of "bearish" sentiment on the market was the weak macroeconomic statistics from the UK. Office for National Statistics, as part of its report, noted a decline in Gross Domestic Product to 3.4% in April from 6.4% a month earlier. In addition, a sharp Unemployment Rate was recorded, which rose from 3.7% to 3.8% due to a reduction in the Average Earnings Including Bonus to 6.8% from 7.0%, while the Claimant Count Change last month declined by only 19.7K, which turned out to be significantly worse than the reduction by 65.5K over the previous period, as well as the experts' forecast at the level of –49.4K. The negative trend in the economy is intensifying against the backdrop of the escalation of the military conflict between Russia and Ukraine, which has become a catalyst for global inflation and the food crisis; in addition, there are problems in the supply chains in trade disputes between representatives of the United Kingdom and the European Union, which do not stop after Brexit. At the beginning of the week, investors reacted negatively to the 0.3% slowdown in the UK economy in April, expecting that this would become an obstacle for the Bank of England on the path of a gradual tightening of monetary policy. The meeting of the British regulator will be held tomorrow, the day after the publication of the decision of the US Federal Reserve. If the US Fed can raise the interest rate by 75 basis points at once, the Bank of England is expected to have a much more modest correction of the value by 25 basis points. In addition, the British regulator may somewhat soften its position on further tightening of monetary conditions. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having approached its lows, is trying to reverse towards growth, indicating an oversold pound in the ultra-short term. Resistance levels: 1.2074, 1.2163, 1.2250, 1.2328. Support levels: 1.2000, 1.1933, 1.1800, 1.1700. Trading tips Short positions may be opened after a breakdown of 1.1933 with the target at 1.1800. Stop-loss — 1.2010. Implementation time: 1-2 days. The return of the "bullish" trend with the breakout of 1.2074 may become a signal for new purchases with the target of 1.2250. Stop-loss — 1.1960. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as AUD/USD, EUR/USD, USD/CHF, USD/JPY. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 17, 2022 Author Share Posted June 17, 2022 NZD/USD: consolidation at local highs 17.06.2022 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 shows mixed dynamics against the US dollar, consolidating near 0.6350. The day before the "bulls" still managed to take the lead in NZD/USD, despite the publication of extremely weak macroeconomic statistics from New Zealand. Gross Domestic Product declined 0.2% after rising 3.0% in the previous quarter. Analysts expected a slowdown in the indicator, but hoped that the positive dynamics would remain at the level of 0.6%. In annual terms, the New Zealand economy slowed down from 3.1% to 1.2%, while the market expected an acceleration to 3.3%. The REINZ House Price Index fell 1.6% in May after falling 1.9% a month earlier. During the morning session, the instrument is slightly supported by data on the Manufacturing PMI, which showed an increase from 51.2 to 52.9 points in May, which turned out to be better than analysts' forecast of an increase to 52.7 points. Support and resistance Bollinger Bands in D1 chart demonstrate active decrease. The price range is slightly narrowing from below, reflecting the correctional growth in the short term. MACD is reversing to growth forming a new buy signal (located above the signal line). Stochastic grows more actively but is rapidly approaching its highs, which reflects risks of the overbought instrument in the ultra-short term. Resistance levels: 0.6400, 0.6450, 0.6500, 0.6535. Support levels: 0.6350, 0.6300, 0.6244, 0.6200. Trading tips Long positions can be opened after a breakout of 0.6400 with the target of 0.6500. Stop-loss — 0.6350. Implementation time: 2-3 days. The return of "bearish" trend with the breakdown of 0.6300 may become a signal for new sales with the target at 0.6200. Stop-loss — 0.6350. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 20, 2022 Author Share Posted June 20, 2022 GBP/USD: the pound is trying to recover its positions 20.06.2022 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 showing weak growth against the US currency, recovering from a significant decline last Friday. GBP/USD is testing 1.2250 for a breakout, waiting for new drivers to appear on the market. Moderate support for quotes last week was provided by the results of the meeting of the Bank of England on the interest rate. Officials, following the US Federal Reserve, continued to actively tighten monetary policy in order to curb rapid inflation, which was caused by the limited labor market and pricing strategies of large national companies, as well as increasing global tensions against the backdrop of an escalation of the military conflict in Ukraine. The regulator adjusted its interest rate by another 25 basis points to 1.25% and made its fifth consecutive increase since December 2021, becoming the first major bank to be "hawkish" since the start of the coronavirus pandemic. It is worth noting that three members of the Committee voted for a more significant adjustment of the value by 0.50%, but in the end the votes were distributed in the same way as at the May meeting. At the same time, inflationary risks for the UK remain quite high, and economic growth rates are rapidly slowing down, threatening a full-fledged recession. Current forecasts suggest that UK GDP will contract in Q2 2022 by 0.3%, which is not much less than in May. Investors are waiting for the publication of May statistics on the dynamics of consumer prices in the UK on Wednesday. Current forecasts suggest that inflation will slow down in the monthly terms from 2.5% to 1.9%, but accelerate YoY from 9% to a new record high of 9.1%. Support and resistance Bollinger Bands in D1 chart demonstrate quite active decrease. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought GBP in the ultra-short term. Resistance levels: 1.2250, 1.2328, 1.2400, 1.2457. Support levels: 1.2163, 1.2074, 1.2000, 1.1933. Trading tips Long positions can be opened after a breakout of 1.2328 with the target of 1.2500. Stop-loss — 1.2250. Implementation time: 2-3 days. A rebound from 1.2250 as from resistance, followed by a breakdown of 1.2163 may become a signal for opening of new short positions with the target at 1.2000. Stop-loss — 1.2250. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as AUD/USD, EUR/USD, USD/CHF, USD/JPY. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 22, 2022 Author Share Posted June 22, 2022 XAU/USD: metal quotes are developing a downward trend 22.06.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading. Current trend During the Asian session, gold prices are moderately declining, testing 1825.00 for a breakdown and renewing new local lows from June 16. Investors are in no hurry to open new trading positions ahead of the publication of inflation statistics from the UK, as well as the speech of the head of the US Federal Reserve, Jerome Powell, who, as analysts hope, will outline the immediate prospects for monetary policy. So, some agency representatives said they were not opposed to another rate hike by 75 basis points, and a more conservative position still suggests an increase of only 50 basis points, after which a pause will be required to assess the measures taken. Quotes of gold, traditionally protective assets, are supported by growing fears about a slowdown in the global economy. Also, the geopolitical risks associated with the development of a military conflict in Ukraine are not weakening yet, while the countries of the world are forced to deal with the consequences of a sharp increase in energy prices. Analysts are confident that rapid inflation on a global scale and a slowdown in economic growth can catalyze stagflation in the US economy, and the US Federal Reserve's measures to tighten monetary policy will be insufficient. It, in turn, will allow gold to regain investor interest and overcome the level of 2000.00. An additional negative factor for the metal is the increase in the yield of US Treasury bonds amid expectations of further actions by the American regulator. As new signals for the asset, there is the talk about a possible restriction of Russian gold imports by European countries in the next sanctions packages from the EU. In particular, Denmark has previously announced such a possibility. Support and resistance On the daily chart, Bollinger bands are moderately declining: the price range narrows slightly from below, reflecting the ambiguous nature of trading in the short term. MACD falls, keeping a poor sell signal (the histogram is below the signal line). Stochastic falls, reversing downwards in the center of its working area. The current readings of technical indicators do not contradict the further development of the "bearish" dynamics in the nearest time intervals. Resistance levels: 1843.37, 1857.27, 1869.49, 1878.84. Support levels: 1823.09, 1800.00, 1775.00, 1752.87. Trading tips Short positions may be opened after a confident downward breakdown of 1823.09 with the target at 1800.00. Stop loss – 1835.00. Implementation period: 1–2 days. Long positions may be opened after the rebound from 1823.09 and the breakout of 1843.37 with the target at 1869.49. Stop loss – 1830.00. Use more opportunities of the NPBFX analytical portal: trading signals for commodities How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 24, 2022 Author Share Posted June 24, 2022 AUD/USD: the instrument is consolidating around 0.6900 24.06.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The Australian dollar shows corrective growth, winning back the losses of the previous two "bearish" sessions. The instrument is again testing the level of 0.6900 for a breakout, receiving support from the growth of corrective moods in the US currency. Investors are in a hurry to fix their profits, and also react to the publication of rather weak macroeconomic statistics from the US. The data released the day before by S&P Global pointed to a drop in the index of business activity in the US Services sector from 53.4 to 51.6 points, while analysts had expected growth to 53.5 points. The Manufacturing PMI fell sharply from 57.0 to 52.4 points, which also turned out to be significantly worse than the market's expectations of a reduction to 56.0 points. The Composite PMI in June corrected from 53.6 to 51.2 points, while the forecast was at the level of 53.7 points. Additional pressure on the markets yesterday was exerted by the speech of US Federal Reserve Chairman Jerome Powell in the US Senate, where the official again noted significant risks of expanding inflationary pressure within the country, recognizing the possibility of a recession due to the regulator's "hawkish" position. At the same time, the Fed intends to further tighten monetary policy, trying to return the Consumer Price Index to the target level of 2%. In Australia, against the background of a lack of energy obtained with the help of solar panels and wind generators, a fuel crisis is rapidly developing. Last week, the Australian Energy Market Operator (AEMO) announced it was suspending market and capping wholesale electricity prices until June 23 due to the impossibility of uninterrupted supplies to consumers. Due to the existing deficit, local companies had to buy oil and gas in the spot markets, which contributed to a sharp increase in costs. The government is ready to return to coal-fired infrastructure, as Australian Resources Minister Madeleine King said earlier, noting that the resumption of such enterprises will provide an additional 30% of energy capacity and improve the situation with the energy supply on the east coast. Support and resistance Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD is trying to reverse upwards keeping a previous sell signal (located below the signal line). Stochastic retains a downward direction, but is rapidly approaching its lows, indicating the risks of oversold Australian dollar in the ultra-short term. Resistance levels: 0.6950, 0.7000, 0.7050, 0.7100. Support levels: 0.6900, 0.6849, 0.6800, 0.6750. Trading tips Long positions can be opened after a breakout of 0.6950 with the target of 0.7050. Stop-loss — 0.6900. Implementation time: 2-3 days. A rebound from 0.6950 as from resistance, followed by a breakdown of 0.6900 may become a signal for opening of new short positions with the target at 0.6800. Stop-loss — 0.6950. Use more opportunities of the NPBFX analytical portal: analytics You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 27, 2022 Author Share Posted June 27, 2022 NZD/USD: the instrument develops a "bullish" momentum 27.06.2022 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 shows a moderate increase, developing a fairly confident "bullish" signal formed last Thursday. NZD/USD is trying to consolidate above 0.6300, receiving support from the publication of weak macroeconomic statistics from the US. At the end of last week, Michigan Consumer Sentiment Index fell from 50.2 points to a new record low of 50.0 points, although analysts expected the index to remain unchanged. Today, investors expect the release of May data on the Durable Goods Orders dynamics. Forecasts suggest a sharp decline from 0.5% to 0.1% due in part to a sharp slowdown in vehicle purchases. On Wednesday, updated data on the dynamics of US GDP for Q1 2022 will be published. The indicator is expected to remain unchanged on the level of –1.5%. Last weekend, it became known about the creation of the Partners in the Blue Pacific organization, which, in addition to Australia, Great Britain, Japan and the United States, also included New Zealand. It is noted that the main attention of the members of the alliance will focus on strengthening ties in various industries and economic interaction. In addition, the parties will develop measures to combat climate change, as well as to develop transport infrastructure, healthcare, and education. Experts agree that the main goal of creating a new alliance will be to counter the recent increased activity of China, which is trying to strengthen its position in the Pacific region. Support and resistance Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic reversed upwards, never reaching the level of "20". At the moment, the instrument is located approximately in the center of its area, signaling in favor of the development of corrective growth in the nearest time intervals. It is worth looking into the possibility of the "bullish" correctional trend in the short and/or ultra-short term. Resistance levels: 0.6350, 0.6400, 0.6450, 0.6500. Support levels: 0.6300, 0.6244, 0.6200, 0.6156. Trading tips Long positions can be opened after a breakout of 0.6350 with the target of 0.6450. Stop-loss — 0.6300. Implementation time: 2-3 days. A rebound from 0.6350 as from resistance, followed by a breakdown of 0.6300 may become a signal for opening of new short positions with the target at 0.6200. Stop-loss — 0.6350. 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. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 29, 2022 Author Share Posted June 29, 2022 USD/JPY: consolidation near record highs 29.06.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend The US dollar is showing mixed dynamics, testing 136.00 for a breakout. USD/JPY is building on its "bullish" momentum from earlier in the week, reacting to investor expectations for inflation to peak, fueled by the recent decline in commodity prices. In addition, the Chinese authorities intend to significantly ease the quarantine restrictions imposed due to the outbreak of COVID-19, which is likely to be a catalyst for economic recovery. Traders are reluctant to open new positions in anticipation of the publication of updated data on the dynamics of US GDP for Q1 2022, although analysts do not predict any noticeable changes in the indicator. At the same time, speeches by the heads of the leading financial regulators, the US Federal Reserve, the Bank of England, and the European Central Bank (ECB), are expected today, which may shed light on the prospects for monetary policy in the US, the UK and the eurozone in the near future. Significant support for the yen today is provided by quite optimistic macroeconomic statistics from Japan. Retail Sales in May increased by 0.6% after rising by 1.0% a month earlier, although analysts expected negative dynamics at the level of –0.1%, and in annual terms, the figure accelerated from 3.1% to 3.6%, which also turned out to be better than the predicted 3.3%. Large Retailer Sales over the same period showed a record acceleration from 4.0% to 8.5% instead of the expected slowdown to 1.3%. In addition, Japan is increasing pressure on the Russian economy: for example, the day before, Prime Minister Fumio Kishida announced a ban on gold imports from the Russian Federation, which will apply to newly mined and processed metal. Moreover, Japanese companies are now prohibited from providing accounting, trust and some other financial services to Russian enterprises. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range expands slightly from above, freeing a path to new record highs for the "bulls". MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, having shown an upward reversal at the beginning of the week, maintains an upward direction and is located near its highs, indicating the risks of the US dollar being overbought in the ultra-short term. Resistance levels: 136.69, 137.50, 138.50, 139.50. Support levels: 135.57, 134.54, 133.70, 133.00. Trading tips Long positions can be opened after a breakout of 136.69 with the target of 138.50. Stop-loss — 135.57. Implementation time: 1-2 days. The breakdown of 135.57 may serve as a signal to open short positions with the target at 133.70. Stop-loss — 136.69. Use more opportunities of the NPBFX analytical portal: E-book If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 1, 2022 Author Share Posted July 1, 2022 EUR/USD: the asset returned to decline 01.07.2022 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 downtrend, correcting after an attempt at corrective growth the day before, which eventually allowed EUR/USD to retreat from the local lows of June 16. The euro was supported by expectations of a tightening of monetary policy by the European Central Bank (ECB), with representatives of the regulator speaking in favor of a faster increase in interest rates amid worsening inflation forecasts. Earlier, the ECB announced its readiness to adjust the value during the July meeting by 25 basis points, but one should not exclude the possibility of an increase by 50 basis points at once, to which the inflation data may push the regulator. The day before, for example, the markets paid attention to the dynamics of prices in Spain, which exceeded forecasts and reached 10%. Investors were also disappointed by statistics from Germany: Retail Sales in annual terms fell sharply by 3.6% in May after falling by 0.4% a month earlier. Analysts expected the negative dynamics to worsen, but expected only –2%. At the same time, in monthly terms, the indicator rose by 0.6% after a decrease of 5.4% in April. Investors also paid attention to statistics on the labor market: in June, the Unemployment Change in Germany increased by 133K, while earlier the figure showed a decrease of 4K and the Unemployment Rate accelerated from 5% to 5.3%. Such statistics are explained by the inclusion in the register of a large number of Ukrainian refugees who are forced to look for a job due to the further escalation of the conflict in Ukraine. Serbian President Aleksandar Vučić announced his readiness to join the anti-Russian sanctions, noting that the country intends to look for alternative ways to obtain oil, despite its heavy dependence on resources. He noted that the oil refining infrastructure in Pancevo has used its maximum capacity, and in case of emergency, gasoline prices can rise significantly. Earlier, Vučić said that as part of the sixth package of sanctions, Serbia will stop importing oil from Russia from November this year, which will lead to additional spending from the national budget in the amount of 600 million dollars. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, while remaining spacious enough for the current activity level in the market. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having approached the level of "20", reversed into a horizontal plane, indicating the risks of oversold EUR in the ultra-short term. Resistance levels: 1.0500, 1.0550, 1.0600, 1.0640. Support levels: 1.0450, 1.0400, 1.0350, 1.0300. Trading tips Short positions may be opened after a breakdown of 1.0400 with the target at 1.0300. Stop-loss — 1.0450. Implementation time: 2-3 days. The breakout of 1.0500 may be a signal to open new long positions with the target of 1.0600. Stop-loss — 1.0450. Use more opportunities of the NPBFX analytical portal: analytics You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 4, 2022 Author Share Posted July 4, 2022 AUD/USD: Australian dollar shows corrective growth 04.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The Australian dollar shows a weak corrective growth, recovering from a strong decline at the end of last week, when the US currency strengthened significantly amid growing fears that a possible recession in the US would have an extremely negative impact on the global economy. Quotes of the trading instrument completely ignored the relatively optimistic macroeconomic statistics from Australia: S&P Global's Manufacturing PMI rose from 55.8 to 56.2 in June with a neutral outlook, while AiG's Manufacturing PMI rose from 52.4 to 54.0 points. Investors are paying a lot more attention to Australian statistics today, in part because US markets are closed for Independence Day. Significant support for the instrument is provided by the Building Permits, which rose sharply in May by 9.9% after declining by 3.9% a month earlier, although analysts had expected a further decline in the indicator by 1.8%. In turn, Home Loans issued in May increased by 2.1% after falling by 7.3% a month earlier, with a projected decrease in value by 2.0%. Tomorrow investors are waiting for the decision of the Reserve Bank of Australia (RBA) on the interest rate. Current forecasts suggest that the regulator will increase the value by 50 basis points to 1.35%, which, however, can only provide short-term support to the Australian dollar. Support and resistance Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding from below; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD is going down having formed a new sell signal (located below the signal line). Stochastic, having approached the level of "20", is trying to reverse in the direction of growth, reacting to corrective sentiments at the beginning of the week. Resistance levels: 0.6849, 0.6900, 0.6950, 0.7000. Support levels: 0.6800, 0.6750, 0.6700, 0.6650. Trading tips Long positions can be opened after a breakout of 0.6849 with the target of 0.6950. Stop-loss — 0.6800. Implementation time: 1-2 days. A rebound from 0.6849 as from resistance, followed by a breakdown of 0.6800 may become a signal for opening of new short positions with the target at 0.6700. Stop-loss — 0.6849. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on AUD/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 GBP/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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 6, 2022 Author Share Posted July 6, 2022 EUR/USD: the instrument develops a strong "bearish" impetus 06.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend The European currency shows a moderate decline, developing a strong "bearish" momentum, formed the day before. EUR/USD is testing 1.0245 for a breakdown, holding near the record lows updated yesterday. Significant pressure on the position of the instrument was exerted by alarming data on business activity from S&P Global in the eurozone: the Composite PMI fell to a 16-month low, reflecting deterioration in manufacturing activity and growing fears of a full-fledged recession in the economy. In this regard, investors have adjusted their assessments of the prospects for tightening monetary policy, although there is practically no doubt about the July meeting of the European Central Bank (ECB). One way or another, the situation remains tense: the regulator has not raised the rate yet, and the risks of a recession are only increasing. Today, investors are focused on statistics from the euro area on the dynamics of Retail Sales in May. Analysts' current forecasts are quite optimistic and suggest an increase of 0.4% in monthly terms and 5.4% in annual terms. Also during the day data on Factory Orders in Germany in May will be released, and it is likely to maintain a negative trend at –0.6%. In the meantime, resources for European consumers will increase in price again. Last week, the Algerian company Sonatrach, whose imports to the EU in June amounted to about 9%, announced the introduction of changes in its pricing policy and, in particular, an increase in tariffs for gas supplies to the eurozone countries. At the moment, negotiations are underway with long-term clients to change the price formula (now it is pegged to Brent Crude Oil), which, however, can be revised every three years. Support and resistance Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding, but at the moment it is not keeping up with the surge of "bearish" sentiment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold EUR in the ultra-short term. Resistance levels: 1.0300, 1.0350, 1.0400, 1.0450. Support levels: 1.0234, 1.0200, 1.0150, 1.0100. Trading tips Short positions may be opened after a breakdown of 1.0234 with the target at 1.0100. Stop-loss — 1.0300. Implementation time: 1-2 days. A rebound from 1.0234 as from support followed by a breakout of 1.0300 may become a signal for opening new long positions with the target at 1.0400. Stop-loss — 1.0234. 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 EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 8, 2022 Author Share Posted July 8, 2022 AUD/USD: the instrument shows flat trading dynamics 08.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The Australian dollar is declining against the US currency during morning trading on July 8, losing value after trying to correct growth the day before. At the moment, AUD/USD is testing 0.6820 for a breakdown, retreating from the local highs of July 5. Traders fix positions ahead of the publication of the final report on the US labor market for June, while the Australian currency receives little support from macroeconomic data on the dynamics of Imports and Exports. Statistics released yesterday showed a sharp 9.5% rise in Exports in May after rising 5% a month earlier. Due to the positive dynamics, Australia's Trade Surplus widened from 13.248 million Australian dollars to 15.965 million Australian dollars, with a forecast to shrink to 10.725 million Australian dollars. In turn, American statistics disappointed investors: in May, the US Trade Deficit was recorded in the amount of 85.55 billion US dollars, which is only slightly lower than the figure of 86.69 billion US dollars in the previous period. Initial Jobless Claims for the week ended July 1 increased from 231.0 thousand to 235.0 thousand, while analysts expected a slight decrease to 230.0 thousand. Meanwhile, in Australia, against the backdrop of rising fuel prices, as well as a shortage of skilled labor, food inflation is rapidly developing. Rain and frost in southeast Queensland led to a loss of harvest, which was the catalyst for a threefold increase in the price of greens, and deliveries to the region's stores fell by 80%. Farmers forecast shortages until at least the end of summer, after which weather conditions are likely to turn to favorable, and they will be able to re-sow fields, but the increase in prices for products will not slow down, as fertilizers, fuel, and packaging have also added significantly to the cost. Support and resistance On the daily chart, Bollinger Bands are moderately declining. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is growing, maintaining a weak buy signal and being located above the signal line. Stochastic shows mixed dynamics, being located near the level of "20" and signaling in favor of the development of corrective growth in the ultra-short term. Resistance levels: 0.6849, 0.6900, 0.6950, 0.7000. Support levels: 0.6800, 0.6750, 0.6700, 0.6650. Trading tips Long positions can be opened after a breakout of 0.6849 with the target of 0.6950. Stop-loss — 0.6800. Implementation time: 2-3 days. A rebound from 0.6849 as from resistance, followed by a breakdown of 0.6800 may become a signal for opening of new short positions with the target at 0.6700. Stop-loss — 0.6849. 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 11, 2022 Author Share Posted July 11, 2022 XAU/USD: gold stays at record lows 11.07.2022 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 XAU/USD is consolidating near the September 2021 lows, updated at the end of the last trading week, when the quotes showed the fastest weekly decline since June 2020, losing 4% in value. Gold positions came under pressure on Friday amid the publication of a stronger report on the US labor market: the Unemployment Rate remained at 3.6%, while Employment Change rose by 372 thousand, well ahead of the projected 268 thousand, which allows investors to hope for continued tightening of monetary policy by the US Federal Reserve. According to the CME FedWatch indicator, more than 92% of traders are confident in the "hawkish" rhetoric at the next meeting of the regulator, as well as in the adjustment of the value by 75 basis points at the end of this month. In turn, the USD Index at the beginning of the week rises by 0.26% to 107.280. This week, the US data on inflation for June will be released, as well as the monthly economic report of the US Fed, the so-called "Beige Book". Current forecasts suggest that the Consumer Price Index in June in annual terms may accelerate from 8.6% to 8.7%, updating record highs, and in monthly terms, the previous growth rate of 1.0% is expected to remain unchanged. In turn, moderate support for gold in the market is still provided by the expectations of the introduction of new restrictions on the import of Russian gold by European countries and their partners. Some Western countries have already announced the cessation of purchases of the precious metal from the Russian Federation, but so far a new package of EU sanctions with a corresponding ban has not been adopted. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic has reached its lows and is trying to reverse upwards, indicating risks of oversold instrument in the ultra-short term. Resistance levels: 1752.87, 1775.00, 1784.31, 1800.00. Support levels: 1730.00, 1720.00, 1700.00. Trading tips Short positions may be opened after a breakdown of 1730.00 with the target at 1700.00. Stop-loss — 1745.00. Implementation time: 2-3 days. The breakout of 1752.87 may be a signal to open new long positions with the target of 1784.31. Stop-loss — 1735.00. Use more opportunities of the NPBFX analytical portal: trading signals for commodities How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 13, 2022 Author Share Posted July 13, 2022 EUR/USD: the euro is held near the parity level with the US dollar 13.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend The European currency shows multidirectional trading dynamics, consolidating near the key level of 1.0000, which has not yet been actively tested. The day before, the instrument also traded near the parity level and even tried to fall to the level of 0.9990 for some time; however, the "bulls" quickly regained the lost positions. The euro is certainly receiving strong technical support near this psychological level, but the pressure on the single currency only intensifies as the region's economic outlook deteriorates. The last time the euro traded at parity against the US dollar was in December 2002. Yesterday's macroeconomic statistics put additional pressure on the positions of the single currency, intensifying talks about a possible recession in the European economy: ZEW Survey on Economic Sentiment fell sharply in July from –28.0 to –51.1 points, while analysts expected a decline to only –32.8 points. In turn, ZEW Survey on Current Situation in Germany over the same period fell from –27.6 to –45.8 points, while the forecast was –34.5 points, and the Economic Sentiment index fell from –28.0 to –53.8 points, which also turned out to be significantly worse than market forecasts at the level of –38.3 points. Today, investors are focused on statistics on the dynamics of consumer prices in Germany in June, as well as May data on the dynamics of industrial production in the eurozone. Support and resistance Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). Stochastic retains downward direction but is located in close proximity to its lows, which indicates the risks of oversold EUR in the ultra-short term. Resistance levels: 1.0050, 1.0100, 1.0150, 1.0200. Support levels: 1.0000, 0.9950, 0.9900. Trading tips Short positions may be opened after a breakdown of 1.0000 with the target at 0.9900. Stop-loss — 1.0050. Implementation time: 2-3 days. The return of the "bullish" trend with the breakout of 1.0100 may become a signal for new purchases with the target of 1.0200. Stop-loss — 1.0050. Use more opportunities of the NPBFX analytical portal: analytics You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 15, 2022 Author Share Posted July 15, 2022 GBP/USD: consolidating at record lows 15.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading. Current trend The British pound shows near-zero dynamics, testing 1.1820 for a breakdown, returning to active decline after an unsuccessful attempt at corrective growth, which was supported by optimistic macroeconomic statistics from the UK. On Wednesday, data on the dynamics of GDP and industrial production for May were released. The British economy strengthened by 0.5% after declining by 0.3% a month earlier, although analysts had expected zero dynamics. Industrial Production for the same period increased by 0.9% after falling by 0.1% in the previous month, with forecasts suggesting zero growth, and in annual terms, the figure corrected from 1.6% to 1.4%, while analysts assumed a sharp decline of 0.5%. Strong macroeconomic statistics increased the chances that the Bank of England will continue to actively tighten monetary policy: the British regulator raised rates 5 times in a row, albeit at a moderate pace. However, the economic situation remains difficult and recession risks remain very high. The day before, the preliminary second round of elections for the post of Prime Minister and leader of the Conservative Party ended in the UK. Former Treasury Secretary Rishi Sunak won the most votes (101 votes), followed by Associate Trade Policy Minister Penny Mordaunt with 83 votes and Foreign Secretary Liz Truss (64 votes). A new British Prime Minister will be elected on September 5, while the current head of Government, Boris Johnson, is set to resign on September 7. Support and resistance Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic keeps a horizontal direction and is located near its lows, which indicates the risks of oversold GBP in the ultra-short term. Resistance levels: 1.1854, 1.1933, 1.2000, 1.2074. Support levels: 1.1800, 1.1758, 1.1700, 1.1600. Trading tips Long positions can be opened after a breakout of 1.1854 with the target of 1.2000. Stop-loss — 1.1790. Implementation time: 2-3 days. A rebound from 1.1854 as from resistance, followed by a breakdown of 1.1800 may become a signal for opening of new short positions with the target at 1.1700. Stop-loss — 1.1854. 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 GBP/USD, EUR/USD, USD/CHF, USD/JPY. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 18, 2022 Author Share Posted July 18, 2022 Hewlett-Packard Co.: technical analysis 18.07.2022 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Hewlett-Packard Co. for a better understanding of the current market situation and more efficient trading. Shares of the American IT company providing hardware and software services, Hewlett-Packard Co., are moving in a corrective trend around 31.60. On the daily chart of the asset, the price left the wide lateral channel with the boundaries of 34.00–41.00 and consolidated below the support line, having simultaneously overcome the level of Fibonacci initial retracement level of 23.6% at 34.00. On the four-hour time frame, it is seen that the decline in quotes below the 23.6% Fibonacci retracement acts as a catalyst for the start of a full-fledged downward correction, and the probability of reaching the next level, the 38.2% Fibonacci base retracement at 30.00, is extremely high. Currently, there is a technical rollback of quotes upwards, after which another downward momentum may follow and the level of 50.0% Fibonacci intermediate retracement at 27.00 may follow. The high probability of further decline is also confirmed by technical indicators that keep a stable sell signal: fast EMAs on the Alligator indicator are expanding the range of fluctuations in the direction of decline, and the histogram of the AO oscillator is forming new descending bars. Trading tips Short positions can be opened if the price continues to decline and consolidates below the base retracement level at 30.00 in order to reach global support at 27.00. Stop-loss –32.00. Implementation time: 7 days and more. Long positions will be relevant if the corrective growth of the asset continues and the price consolidates above the local resistance level of 32.00 with the target of 34.00. Stop-loss – 31.00. 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 Hewlett-Packard Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 20, 2022 Author Share Posted July 20, 2022 Visa Inc.: wave analysis 20.07.2022 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 is in correction, the probability of growth is maintained. On the daily chart, the development of the third wave of the higher level (3) was completed and a downward correction as the fourth wave (4) began. By now, wave A of (4) has already appeared and the construction of wave B of (4) is observed, in which wave a of B is formed. If the assumption is correct, one may expect the growth of the price of the asset to 226.95–236.61. The level of 185.70 is critical and stop-loss for this scenario. Main scenario Long positions are relevant from the corrections above the level of 185.70 with targets at 226.95–236.61. Implementation time: 7 days and more. Alternative scenario Breakout and consolidation of the price above the level of 185.70 will help the instrument continue growth to the levels of 175.00–162.95. Use more opportunities of the NPBFX analytical portal: analytics You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Visa Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 22, 2022 Author Share Posted July 22, 2022 USD/CHF: trading instrument is preparing to continue to decline 22.07.2022 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 USD/CHF is trading in a corrective trend around 0.9686 against the backdrop of a depreciation of the US currency. However, there are no prerequisites for the strengthening of the franc at the moment either. Instead, the economic situation in Switzerland is rapidly deteriorating, and in the near future the country may face an acute energy crisis. At least, this is what Michael Frank, director of the VSE association of Swiss electricity companies, said. According to him, power outages were caused by a reduction in gas supplies from Russia and the shutdown of nuclear power plants in France for maintenance. The only way to stabilize the situation, Frank sees a phased reduction in resource consumption, which, in particular, includes limiting the illuminating of shop windows and streets, and if this is not enough, then turning off individual regions for four hours in turn. The Swiss authorities predict an increase in the negative dynamics of electricity prices. According to the head of the government’s advisory commission for electricity, Elcom, Urs Meister, ordinary citizens' electricity bills could grow by an average of 20% next year. This conclusion comes from a survey of suppliers who intend to raise prices by 47% amid rising coal prices, likely problems with exports from neighboring countries and global supply uncertainty. In turn, the American currency continues its gradual decline before the next meeting of the US Federal Reserve and is currently trading at around 106.800 in the USD Index. The pressure on the quotes was exerted by the data on the national labor market, published the day before. Initial Jobless Claims increased to 251K from 244K a week earlier, which significantly exceeds the decline predicted by analysts to 240K, and ultimately led to an increase in the Continuing Jobless Claims to 1.384M from 1.333M last week. Support and resistance On the global chart of the asset, the price is correcting within the lateral channel, preparing to continue the local decline. Technical indicators have almost reversed and issued a sell signal: fast EMAs on the Alligator indicator came close to the signal line, and the AO oscillator histogram has already moved into the sell zone, continuing to form descending bars. Support levels: 0.9652, 0.9530. Resistance levels: 0.9739, 1.0000. Trading tips Short positions can be opened after a complete reversal and continued local decline in the asset, as well as consolidation of the price below the local support level of 0.9652 with the target of 0.9530. Stop-loss — 0.9710. Implementation time: 7 days and more. Long positions can be opened after a continued global growth of the asset, as well as consolidation of the price above the local resistance level of 0.9739 with the target of 1.0000. Stop-loss — 0.9650. 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. Link to comment Share on other sites More sharing options...
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