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ExxonMobil Corp.: technical analysis 30.10.2023

Good afternoon, dear forum visitors!

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

Shares of ExxonMobil Corp., an American oil company, are trading in a local correctional trend at 105.00.

A global corrective trend is forming on the daily chart, and at the moment the price is falling, approaching the boundaries of the previously passed corridor with boundaries of 96.00–104.00.

On the four-hour chart, the downward wave is approaching the range resistance line at 104.00, after which a minor period of consolidation is possible before continuing downward dynamics. In the event of a breakdown, the quotes may decline to the channel support line around 96.00, and after a reversal, the “bulls” will be able to return to the area of 112.00.

Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.

XOM-301023-22.png

Trading tips

Short positions may be opened after the price declines and consolidates below 103.30 with the target at 99.00. Stop loss – 105.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 107.00 with the target at 112.00. Stop loss – 105.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

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EUR/USD: eurozone inflation hits two-year low 01.11.2023

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 EUR/USD pair is trading around 1.0570, developing the corrective impetus of last Tuesday, when the instrument retreated from the local highs of October 24.

Pressure on the single currency is exerted by inflation data in the EU, which indicates that further tightening of monetary policy by the European Central Bank (ECB) is not yet predicted. The Consumer Price Index in the eurozone slowed down from 4.3% to 2.9% in October, which was better than market expectations at 3.1%, and in monthly terms it went from 0.3% to 0.1%. Core CPI fell from 4.5% to 4.2% in annual terms and remained unchanged at 0.2% in monthly terms. Statistics confirm that the regulator’s long-term "hawkish" monetary policy (in September, the ECB raised three key indicators for the tenth time in a row: the rate on main refinancing operations is 4.5%, on the marginal lending facility it is 4.75%, and on the deposit facility it amounted to 4.0%) puts significant pressure on households, which are increasingly postponing purchases due to a sharp increase in borrowing costs. The President of the European regulator, Christine Lagarde, believes that the region’s economy will remain weak until the end of 2023, but then will begin to recover rapidly, since by keeping borrowing costs at current levels for a long time, the regulator will be able to return inflation to the target of 2.0%.

At the same time, the euro also reacted negatively to statistics on the Gross Domestic Product (GDP) of the eurozone. In the third quarter, the indicator slowed down from 0.5% to 0.1% in annual terms, while experts expected 0.2%, and in quarterly terms, GDP amounted to -0.1% after growing by 0.1% in the previous period. Another negative factor for the instrument was data from Germany, where annual Retail Sales volumes decreased by 4.3% in September after -2.3% a month earlier, while in monthly terms the value decreased by 0.8% after -1.2%.

The focus of investors' attention today will be the minutes of the US Federal Reserve meeting. Analysts do not expect a tightening of monetary conditions, but the Chair of the regulator, Jerome Powell, is likely to again indicate the possibility of such a scenario in the future. Also today, a report from Automatic Data Processing (ADP) on Employment Change will be published: forecasts suggest an increase from 89.0 thousand to 150.0 thousand.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly narrowing from above, reflecting the ambiguous dynamics of trading in the short term. MACD is slightly strengthening keeping a weak buy signal (located above the signal line). Stochastic, having retreated from the level of "20" at the beginning of this week, reversed horizontally, indicating an approximate balance of power in the ultra-short term.

Resistance levels: 1.0600, 1.0630, 1.0660, 1.0700.
Support levels: 1.0561, 1.0530, 1.0500, 1.0450.

EURUSD011123-33.png

EURUSD011123-333.png

Trading tips

Short positions may be opened after a breakdown of 1.0561 with the target at 1.0500. Stop-loss — 1.0600. Implementation time: 1-2 days.

A rebound from 1.0561 as from support followed by a breakout of 1.0600 may become a signal for opening long positions with the target at 1.0660. Stop-loss — 1.0561.

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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Johnson & Johnson: technical analysis 03.11.2023

Good afternoon, dear forum visitors!

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

Shares of Johnson & Johnson, one of the world’s leading retail holdings, are corrected around 150.00.

On the daily chart, the price is moving in a global downward trend, trying to reverse near the support line of the downward channel with dynamic boundaries of 143.00–152.00.

On the four-hour chart, the quotes quickly broke the initial trend level of 61.8% on the Fibonacci extension 156.60 but could not consolidate below the basic trend level of 100.0% on the Fibonacci extension 144.60 and retreated upward, while a new test of this level may follow soon.

Technical indicators support a high probability of a reversal and a decline in the trading instrument: the EMA fluctuation range on the Alligator indicator remains wide, and the AO histogram forms downward bars in the sale zone.

JNJ031123-22.png

Trading tips

Short positions may be opened after the price declines and consolidates below 144.60 with the target at 136.00. Stop loss – 148.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 151.70 with the target at 156.60. Stop loss – 150.00.

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 Johnson & Johnson and trade efficiently with NPBFX.

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EUR/USD: the European currency updates local highs 06.11.2023

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 EUR/USD pair shows insignificant growth, developing the "bullish" momentum formed at the end of last week. The instrument is testing the level of 1.0735 for a breakout, updating the local highs from September 14.

Investors are focusing on the October US labor market report, published on Friday. Nonfarm Payrolls decreased from 297.0 thousand to 150.0 thousand, which turned out to be worse than the forecast of 180.0 thousand. At the same time, the Average Hourly Earnings slowed down from 0.3% to 0.2% in monthly terms and from 4.3% to 4.1% in annual terms, and the Unemployment Rate rose from 3.8% to 3.9%. Investors also paid attention to the decline in business activity: the Services PMI from S&P Global in October adjusted from 50.9 points to 50.6 points, while analysts did not expect changes, and the index from the Institute for Supply Management (ISM) went down from 53.6 points to 51.8 points, which also turned out to be worse than the expected 53.0 points.

In turn, Exports from Germany lost 2.4% in September after growing by 0.1% in the previous month, while experts expected -1.1%, and Imports fell by 1.7% after -0.3% with a forecast of 0.5%. Thus, Germany's trade surplus in September decreased from 17.7 billion euros to 16.5 billion euros, with expectations at 16.3 billion euros. As analysts note, trade is no longer a driver of sustainable growth in the German economy and is even hindering its recovery, but the chief economist of the European Central Bank (ECB), Philip Lane, expressed hope that the EU will avoid a recession.

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 also trying to consolidate above the zero level. Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought euro in the ultra-short term.

Resistance levels: 1.0730, 1.0765, 1.0800, 1.0850.
Support levels: 1.0700, 1.0660, 1.0630, 1.0600.

EURUSD061123-33.png

EURUSD061123-333.png

Trading tips

Long positions can be opened after a breakout of 1.0765 with the target of 1.0850. Stop-loss — 1.0720. Implementation time: 1-2 days.

The return of a "bearish" trend with the breakdown of 1.0700 may become a signal for new short positions with the target at 1.0600. Stop-loss — 1.0765.

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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Hewlett-Packard Co.: technical analysis 08.11.2023

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 Hewlett-Packard Co., the American information technology giant, are trading at 27.10.

On the daily chart, the price is correcting within the local ascending channel with boundaries of 27.50–26.00, approaching the resistance line.

On the four-hour chart, the range can act as a Flag pattern that will continue the global decline. However, now, the upward correction is intensifying, and after consolidating above the high of 27.50, the quotes may reach 30.00. In case of a reversal and implementation of the formation, the support level will be the year’s low of 25.00.

Technical indicators have issued a buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars in the buy zone.

HPQ081123-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 27.50 with the target at 29.00. Stop loss – 26.50. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 26.70 with the target at 25.00. Stop loss – 27.50.

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 Hewlett-Packard Co. and trade efficiently with NPBFX.

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AUD/USD: the RBA projects inflation to remain at 4.5% until the end of this year 10.11.2023

Good afternoon, dear forum visitors!

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

Current trend

The AUD/USD pair is developing a confident downward trend, holding in the area of 0.6361. The instrument is preparing to end the week with the strongest decline in the last few years, updating local lows from November 1.

Pressure on quotes increased after the "hawkish" speech of US Federal Reserve Chairman Jerome Powell, who indicated the likelihood of another increase in borrowing costs the day before if the rate of decline in inflation pressure slows down. The official commented on the strong growth of Gross Domestic Product (GDP) in the third quarter, noting that this could negatively affect the unstable dynamics in the overheated labor market. At the same time, the regulator expects a further slowdown in the growth rate of the national economy in the coming quarters, so the situation should stabilize.

In turn, the Australian currency was supported by signals that the price of iron ore, which remains one of Australia's main exports, reached 16-month highs amid expectations of a recovery in demand among major importers, primarily from China. The macroeconomic statistics published the day before reflected a decrease in the Chinese Consumer Price Index in October by 0.1% after an increase of 0.2% in the previous month, while analysts expected zero dynamics to appear, and in annual terms the indicator slowed down by 0.2% with a forecast of –0.1%.

Investors today took notice of the monetary policy report from the Reserve Bank of Australia (RBA), in which officials projected that inflation would remain at 4.5% until the end of December and would not fall below 3.0% in 2025, and consumption households, despite record annual growth in the working-age population, might fall by 2.8%. Last Tuesday, the RBA decided to interrupt a four-month pause in tightening monetary policy and increase the interest rate from 4.10% to 4.35%, and in the follow-up statement, officials pointed out the risks of maintaining the Consumer Price Index at peak values for a long time but they did not confirm the need to further increase the cost of borrowing.

Support and resistance

On the daily chart, Bollinger Bands are reversing horizontally. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is about to test the zero level for a breakdown. Stochastic retains a steady downtrend but is located in close proximity to its lows, which indicates the risks of oversold Australian dollar in the ultra-short term.

Resistance levels: 0.6379, 0.6400, 0.6425, 0.6450.
Support levels: 0.6356, 0.6330, 0.6300, 0.6284.

AUDUSD101123-33.png

AUDUSD101123-333.png

Trading tips

Short positions may be opened after a breakdown of 0.6356 with the target at 0.6300. Stop-loss — 0.6379. Implementation time: 1-2 days.

A rebound from 0.6356 as from support followed by a breakout of 0.6379 may become a signal for opening new long positions with the target at 0.6425. Stop-loss — 0.6356.

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.

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XAU/USD: investors are actively taking profits from long positions 13.11.2023

Good afternoon, dear forum visitors!

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

Current trend

The XAU/USD pair shows multidirectional trading dynamics, holding near 1935.00. At the opening of the new week, the instrument managed to update the local lows of October 17, but the quotes had already managed to recover most of the losses.

Pressure on gold intensified with the advent of "hawkish" comments from US Federal Reserve officials, including the Chair of the regulator, Jerome Powell, who reflected the officials’ readiness to maintain tight monetary policy, allowing for further increases in borrowing costs. At the same time, demand for the precious metal is gradually recovering against the backdrop of the fact that the most negative scenarios regarding the situation in the Middle East have not yet come true: other countries have taken a wait-and-see approach, preferring not to enter into the Palestinian-Israeli conflict for now, which increases the overall demand for risky assets.

The focus of investors today will be the US Federal Reserve's October report on the state of the country's budget: forecasts suggest a significant reduction in its deficit from -171.0 billion dollars to -30.0 billion dollars. In addition, inflation statistics for October will be published during the week: analysts expect a slowdown in the monthly growth rate of Consumer Price Index from 0.4% to 0.1%.

Meanwhile, the market continues to experience a period of increased activity. According to the Chicago Mercantile Exchange's CME Group Index (CVOL) volatility indicator, the change was -0.1617 points, falling to 12.9892 points, signaling increasing "bearish" pressure. On Friday, investors' gold futures position consisted of 307.024 thousand contracts and the options one consisted of 52.251 thousand contracts, significantly higher than the monthly averages of 245.000 thousand and 47.000 thousand. This indicates that investors continue to form short positions rather than a high number of options, and also that these positions are mostly profit-taking from past purchases, rather than a new selling trend.

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). The indicator is about to test the zero level for a breakdown. Stochastic, having fallen below the level of "20", has reversed upwards, signaling in favor of the development of corrective growth in the ultra-short term.

Resistance levels: 1940.00, 1952.66, 1963.55, 1972.85.
Support levels: 1930.00, 1915.00, 1900.00, 1880.00.

XAUUSD131123-33.png

XAUUSD131123-333.png

Trading tips

Short positions may be opened after a breakdown of 1930.00 with the target at 1900.00. Stop-loss — 1945.00. Implementation time: 1-2 days.

A rebound from 1930.00 as from support followed by a breakout of 1940.00 may become a signal for opening new long positions with the target at 1963.55. Stop-loss — 1930.00.

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.

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Meta Platforms Inc.: technical analysis 15.11.2023

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., which owns the world’s largest social network Facebook, are moving within a corrective trend around the level of 336.00.

An upward trend is forming on the daily chart, within which the price has left the sideways channel of 328.00–278.00.

On the four-hour chart, the prospects for continued growth have increased significantly after the quotes consolidated above the local high of 330.00, and now there are practically no obstacles left on the way to the area of 370.00.

Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO histogram is forming ascending bars, rising in the buy zone.

META151123-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 344.00 with the target at 370.00. Stop loss – 335.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 328.00 with the target at 310.00. Stop loss – 335.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.

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Tesla Inc.: technical analysis 17.11.2023

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.

Shares of Tesla Inc., the world’s leading manufacturer of electric cars, are trading at 233.00.

On the daily chart, the price is correcting upward within the downward channel with boundaries of 252.00–190.00.

On the four-hour chart, the movement is accompanied by price gaps: the last of them was between 233.00 and 224.00, and its completion may be completed soon, after which, the quotes will continue to rise to the channel resistance level of 254.00.

Technical indicators gave a sell signal: fast EMA on the Alligator indicator crossed the signal line upward, and the AO histogram is close to transition to the buy zone.

TSLA-171123-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 243.00 with the target at 268.00. Stop loss – 238.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 223.00 with the target at 194.00. Stop loss – 230.00.

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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ExxonMobil Corp.: technical analysis 20.11.2023

Good afternoon, dear forum visitors!

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

Shares of ExxonMobil Corp., an American oil company, are trading in a corrective trend at 105.00.

On the daily chart, the price is near the upper border of the downward corridor 100.00–105.00.

On the four-hour chart, the quotes renewed their low of 102.00, after which they corrected upward but failed to consolidate above the local high of 108.00. The likelihood of continued decline is confirmed by the proximity of the year’s low of 97.00, which may be renewed this week.

Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.

XOM-201123-22.png

Trading tips

Short positions may be opened after the price declines and consolidates below 102.20 with the target at 97.80. Stop loss – 105.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 106.80 with the target at 110.70. Stop loss is around 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 ExxonMobil Corp. and trade efficiently with NPBFX.

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Pfizer Inc.: technical analysis 22.11.2023

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.

Shares of Pfizer Inc., the largest American pharmaceutical company, are correcting at 30.00.

On the daily chart, the price is moving in a downward channel with dynamic boundaries of 33.00–28.00, getting ready to renew the year’s low.

On the four-hour chart, the potential for decline may increase significantly after the quotes consolidate below the low of 28.80, coinciding with the support line of the downward channel, and then, there will be no obstacles on the way to 26.00. To develop upward dynamics, the quotes need to overcome the high of the beginning of the month at 31.00.

Technical indicators are ready to strengthen the sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO histogram is forming corrective bars below the transition level.

PFE221123-22.png

Trading tips

Short positions may be opened after the price declines and consolidates below 28.80 with the target at 26.20. Stop loss – 30.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 31.20 with the target at 33.80. Stop loss – 30.40.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

Use the current recommendations of analysts on Pfizer Inc. and trade efficiently with NPBFX.

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General Electric Co.: technical analysis 24.11.2023

Good afternoon, dear forum visitors!

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

Shares of General Electric Co., an American diversified corporation, are intensifying the correction, trading at 119.00.

On the daily chart, the price has left the local downward channel with dynamic boundaries of 113.00–102.00, breaking the resistance line, and is moving in an upward trend.

On the four-hour chart, after the quotes consolidated above the annual high of 117.00, there are no serious obstacles to growth to the initial trend level of 61.8% in the Fibonacci extension around 137.00.

Technical indicators strengthen the buy signal: fast EMA on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms rising bars in the buy zone.

GE241123-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 122.00 with the target at 137.00. Stop loss – 117.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 117.00 with the target at 107.50. Stop loss – 121.00.

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 General Electric Co. and trade efficiently with NPBFX.

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Intel Corp.: technical analysis 27.11.2023

Good afternoon, dear forum visitors!

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

Shares of Intel Corp., a global giant in the development and sale of electronic devices and computer components, are trading in a corrective trend at 44.00.

On the daily chart, the price remains above the resistance line of the global ascending corridor with dynamic boundaries of 34.00–42.50, preparing to continue growing.

On the four-hour chart, the presence of quotes above the channel resistance line at 42.70 increases the likelihood of continued positive dynamics, and after consolidating above the local high of 44.70, it is possible to reach historical highs around 50.00.

Technical indicators are strengthening the buy signal: the EMA fluctuation range on the Alligator indicator is expanding, and the AO histogram is forming ascending bars in the buy zone.

INTC271123-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 44.70 with the target at 48.40. Stop loss – 43.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 42.70 with the target at 38.90 and stop loss 44.00.

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 Intel Corp. and trade efficiently with NPBFX.

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XAU/USD: gold prices update May highs 29.11.2023

Good afternoon, dear forum visitors!

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

Current trend

The XAU/USD pair shows slight growth, continuing the development of upward dynamics in the short term and updating the local highs of early May. The instrument is testing 2050.00 for a breakout, while the US currency remains under moderate pressure amid expectations for the completion of the US Federal Reserve's "hawkish" monetary policy. The day before, Federal Open Market Committee (FOMC) member Christopher Waller noted that he does not rule out the possibility of easing monetary conditions in the next few months if inflation continues its downward trend. At the same time, other representatives of the Fed point to the possibility of renewed price increases, in particular for energy resources.

Today, the focus of investors’ attention will be updated statistics on the dynamics of the US Gross Domestic Product (GDP) for the third quarter, as well as the economic review from the US Federal Reserve, the so-called Beige Book, and tomorrow, October data on price indices for personal consumption expenditures, which are actively used by the regulator to build its own inflation forecasts, will be released. In annual terms, the Core Personal Consumption Expenditures is expected to decrease from 3.7% to 3.5%, and in monthly terms from 0.3% to 0.2%. Statistics on Personal Income and Spending will also be presented: analysts expect a slowdown in income from 0.3% to 0.2%, and in spending from 0.7% to 0.2%.

There is a correction in the gold contract market. According to the report of the US Commodity Futures Trading Commission (CFTC), last week the number of net speculative positions in gold increased to 171.7 thousand from 155.4 thousand a week earlier. Probably, sellers compensated for the drawdown of last week, when there was a slight outflow of short positions: the balance of swap dealers amounted to 78.573 thousand for the "bulls" versus 234.506 thousand for the "bears". Last week, buyers reduced the number of contracts by 4.652 thousand, and sellers increased them by 10.682 thousand, which indicates not a new trend, but rather compensation for the dynamics when positions were distributed in the opposite order.

Support and resistance

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

Resistance levels: 2050.00, 2065.00, 2085.00, 2100.00.
Support levels: 2030.00, 2015.30, 2000.00, 1987.29.

XAUUSD291123-33.png

XAUUSD291123-333.png

Trading tips

Long positions can be opened after a breakout of 2050.00 with the target of 2085.00. Stop-loss — 2030.00. Implementation time: 2-3 days.

A rebound from 2050.00 as from resistance, followed by a breakdown of 2030.00 may become a signal for opening of new short positions with the target at 2000.00. Stop-loss — 2045.00.

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.

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Adobe Inc.: technical analysis 01.12.2023

Good afternoon, dear forum visitors!

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

Shares of Adobe Inc., a leading American software developer, are moving within a corrective trend at 609.00.

On the daily chart of the asset, the price is growing within the global Expanding formation pattern with dynamic boundaries of 660.00–520.00, completing the upward wave.

On the four-hour chart, despite reaching the formation resistance line of 630.00, the likelihood of further strengthening remains: all the mandatory waves within the pattern formed, and the quotes are ready to leave it. After breaking through the resistance level, the asset may reach 690.00, and if a reversal occurs, the downward movement will receive momentum toward the support level of 530.00.

Technical indicators maintain a buy signal: the EMA fluctuation range on the Alligator indicator remains wide and directed upward, and the AO histogram forms corrective bars in the buy zone.

ADBE-011223-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 627.00 with the target at 688.00. Stop loss – 610.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 589.00 with the target at 534.00. Stop loss – 600.00.

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 Adobe Inc. and trade efficiently with NPBFX.

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Apple Inc.: technical analysis 04.12.2023

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.

Shares of Apple Inc., a global giant in the development and sale of personal and tablet computers, are moving within a corrective trend at 190.00.

On the daily chart, the price is approaching the year’s high of 198.00, which it could reach this month.

On the four-hour chart, the current movement is developing within a local trend continuation Flag pattern with the implementation level around 193.00. If the quotes consolidate below the low of 188.00, a local decline in the asset is possible.

Technical indicators confirm growth: fast EMA on the Alligator indicator are significantly above the signal line, and the AO histogram is forming corrective bars in the buy zone.

AAPL-041223-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 193.00 with the target at 198.00 and stop loss 190.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 188.00 with the target at 182.00. Stop loss is above 190.00.

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 Apple Inc. and trade efficiently with NPBFX.

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eBay Inc.: technical analysis 06.12.2023

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.

Shares of eBay Inc., an American Internet retail company, are corrected at 41.00.

On the daily chart, the price has recovered 30.0% from the previous global decline, and the positive trend is likely to continue further.

On the four-hour chart, positive dynamics are developing within the Flag trend continuation pattern with dynamic boundaries of 42.30–40.00, the implementation level of which is below the 40.00 mark, and the further formation of the formation and movement to the area of 45.00 is likely.

Technical indicators maintain a poor buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram forms ascending bars in the buy zone.

EBAY-061223-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 42.30 with the target at 45.10 and stop loss 41.50. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 40.30 with the target at 37.90. Stop loss is below the current level of 41.00.

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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Pfizer Inc.: technical analysis 08.12.2023

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.

Shares of Pfizer Inc., the largest American pharmaceutical company, are corrected at 29.00.

On the daily chart, the price is moving in a global downward channel with dynamic boundaries of 32.60–26.50, ready to reach the support line.

On the four-hour chart, the decline potential could increase significantly as prices settle below a new yearly low at 28.30, just above channel support, while the recent price gap of 30.40–28.90 also adds strength to the downward momentum. In case of consolidation below the support level of 26.60, the asset may reach 24.00.

Technical indicators are ready to strengthen the sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO histogram is forming corrective bars below the transition level.

PFE-081223-22.png

Trading tips

Short positions may be opened after the price declines and consolidates below 28.00 with the target at 24.00. Stop loss – 30.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 29.70 with the target at 33.20. Stop loss – 38.00.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

Use the current recommendations of analysts on Pfizer Inc. and trade efficiently with NPBFX.

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Alphabet Inc.: technical analysis 11.12.2023

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.

Shares of the American holding Alphabet Inc. are moving in a corrective trend, trading at 137.00.

An ascending channel with dynamic boundaries of 124.00–147.00 is forming on the daily chart, within which the price is heading toward the resistance line.

On the four-hour chart, the quotes reached the last local high of 140.00 and may continue to grow, as confirmed by the upward price gap of 133.00–136.60 formed last week.

Technical indicators do not provide a clear signal but have indicated an upward reversal: fast EMAs on the Alligator indicator have crossed the signal line upward, and the AO histogram is forming upward bars above the transition level.

GOOG-111223-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 140.00 with the target at 148.00. Stop loss – 137.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 132.90 with the target at 126.10. Stop loss – 135.00.

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 Alphabet Inc. and trade efficiently with NPBFX.

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