Antony_NPBFX Posted June 21 Author Share Posted June 21 Adobe Inc.: technical analysis 21.06.2024 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 in a correction trend at 523.00. On the daily chart, the price is rising, trading above the resistance line of a narrow downward channel with dynamic boundaries of 425.00–483.00. On the four-hour chart, the quotes are above the core Fibonacci correction of 38.2% at 511.00, which allows them to reach the intermediate Fibonacci correction of 50.0% at 536.00, and the global target is at the full Fibonacci correction of 61.8% at 560.00. Technical indicators strengthen the buy signal: the EMA oscillation range on the Alligator indicator is expanding in the direction of growth, and the AO histogram forms ascending bars in the buy zone. Trading tips Long positions may be opened after the price rises and consolidates above 536.00, with the target at 560.00. Stop loss — 525.00. Implementation period: 7 days or more. Short positions may be opened after the price falls and consolidates below 511.00, with the target at 482.00. Stop loss — 523.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 Adobe Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 24 Author Share Posted June 24 AUD/USD: the quotes are trying to move away from the resistance line of the Expanding formation pattern 24.06.2024 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend During the Asian session, the AUD/USD pair is trying to restore its position after last week’s decline, which did not allow it to consolidate at the highs of June 12, and is testing the 0.6640 mark. Investors are assessing the results of the Reserve Bank of Australia (RBA) meeting on monetary policy. The officials kept the interest rate at a 12-year high (4.35%) for the fifth time amid insufficient rates of inflation slowdown. Thus, the Q1 consumer price index adjusted from 4.1% to 3.6% YoY and from 0.6% to 1.0% QoQ, with forecasts of 3.4% and 0.8%, respectively. The head of the regulator, Michelle Bullock, confirmed that the board was considering raising borrowing costs to help balance the market, as data pointed to continued excess demand in the economy, coupled with elevated domestic price pressures for both labor and non-labor. She said inflation remained resilient despite slowing significantly from 2022 but economists expected it to return to the 2.0%–3.0% target range by the end of 2025. Meanwhile, employment growth was 377.0K YoY, the unemployment rate was close to a 50-year low and its May movement was in line with analysts’ forecasts, suggesting that the RBA’s monetary policy had the expected dampening effect on the economy. Macroeconomic statistics failed to support the Australian dollar. Thus, the June S&P Global manufacturing PMI fell from 49.7 points to 47.5 points compared to preliminary estimates of 50.6 points, the Commonwealth Bank service PMI from 52.5 points to 51.0 points, and the composite PMI from 52.1 points to 50.6 points. In turn, the US data adjusted market expectations regarding an imminent reduction in the US Fed interest rates. The June S&P Global manufacturing PMI increased from 51.3 points to 51.7 points, exceeding forecasts of 51.0 points, the service PMI fell from 54.8 points to 55.1 points compared to 53.7 points, and the composite PMI from 54.5 points to 54.6 points. In addition, the May existing home sales slowed the rate of decline from –1.9% to –0.7%. Support and resistance On the daily chart, the trading instrument is correcting, retreating from the resistance line of the Expanding formation pattern with dynamic boundaries of 0.6740–0.6320. Technical indicators are slowing down the buy signal: fast EMA on the Alligator indicator, at any opportunity, approach the signal line, narrowing the range of fluctuations, and the AO histogram is still very close to the transition level. Support levels: 0.6610, 0.6540. Resistance levels: 0.6670, 0.6760. Trading tips Short positions may be opened after the price declines and consolidates below the support level of 0.6610, with the target at 0.6540. Stop loss – 0.6660. Implementation period: 7 days or more. Long positions may be opened after the price rises and consolidates above 0.6670, with the target at 0.6760. Stop loss is 0.6620. 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 AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted June 26 Author Share Posted June 26 GBP/USD: US Federal Reserve officials do not rule out raising interest rates 26.06.2024 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 GBP/USD pair is trading with near-zero dynamics, holding near 1.2685. Trading activity remains quite low, and trading participants continue to evaluate macroeconomic statistics entering the market, mainly from the United States. Thus, among other things, the Housing Price Index from S&P/CaseShiller in April added 0.2% after zero dynamics in the previous month, while analysts expected 0.3%, and in annual terms the index slowed down from 7.5% to 7.2% with a forecast of 6.9%. In turn, Richmond Fed Manufacturing Index in June sharply decreased from 0.0 points to –10.0 points, with expectations of 2.0 points. In addition, investors paid attention to the results of speeches by representatives of the US Federal Reserve, in particular, Michelle Bowman, who noted that at the moment one cannot exclude the possibility of a further increase in borrowing costs if inflation accelerates. In addition, active immigration and fiscal stimulus will continue to support price increases in the United States, so it is somewhat premature to talk about the imminent launch of a monetary easing program. Tomorrow at 11:00 (GMT+2), a report on financial stability will be presented, as well as minutes of the Bank of England meeting on monetary policy. The regulator is keeping the interest rate unchanged for now, explaining its strategy by persistent inflation risks: in May, the Consumer Price Index increased by 0.3% month-on-month, practically meeting analysts’ expectations and contributing to the correction of the annual indicator from 2.3% to 2.0% while continuing the trend of recent months, and the Core CPI excluding Fuel and Food fell from 3.9% to 3.5%. The Bank of England is expected to begin adjusting the value no earlier than September. Support and resistance Bollinger Bands in D1 chart demonstrate quite active decrease. The price range is narrowing from above, reflecting the mixed dynamics formation in the short term. MACD indicator reverses to growth while forming a new buy signal (the histogram is about to consolidate above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic is showing more active growth and is currently located slightly above its middle area, indicating sufficient potential for the development of a corrective uptrend. Resistance levels: 1.2700, 1.2739, 1.2771, 1.2800. Support levels: 1.2650, 1.2600, 1.2568, 1.2539. Trading tips Short positions may be opened after a breakdown of 1.2650 with the target at 1.2568. Stop-loss — 1.2700. Implementation time: 2-3 days. The return of the "bullish" trend with the breakout of 1.2700 may become a signal for new purchases with the target of 1.2800. Stop-loss — 1.2650. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 28 Author Share Posted June 28 EUR/USD: the euro is preparing to end the week with near-zero dynamics 28.06.2024 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 quite active decline, correcting after a rise the day before. The instrument is testing 1.0685 for a breakdown, while investors await the publication of June inflation statistics in France, Spain and Italy. Forecasts suggest a slowdown in the Consumer Price Index in France from 2.6% to 2.5%, and in Spain from 3.6% to 3.3%, while in Italy the figure could accelerate from 0.8% to 1.0%, significantly influencing future decisions of the European Central Bank (ECB). At the last meeting, the regulator cut the interest rate by 25 basis points, while the Bank of England and the US Federal Reserve are keeping borrowing costs at the same levels. The day before, the single currency was slightly supported by May statistics on the dynamics of Private Loans in the eurozone, which reflected an increase in the indicator from 0.2% to 0.3%. Meanwhile, the Economic Sentiment index fell from 96.0 points to 95.9 points in June, contrary to expectations of 96.2 points, and the level of Consumer Confidence, as expected, remained at –14.0 points. With the opening of the American session, the market's focus shifted to data from the United States: the Department of Commerce raised its estimate of Gross Domestic Product for the first quarter from 1.3% to 1.4%, and the dynamics of Nondefense Capital Goods Orders excluding Aircraft sharply fell 0.6% in May after rising 0.2% in the previous month. Today, the focus of investors' attention will be on the key inflation indicator for the US Federal Reserve — the Personal Consumption Expenditures - Price Index. The Core rate is forecast to slow down from 2.8% to 2.6% YoY and from 0.2% to 0.1% MoM. Reducing inflation risks in the country may allow the regulator to implement plans to ease monetary policy: officials expect that the interest rate in 2024 may be reduced from 5.50% to 5.10%. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding from below, being spacious enough for the current activity level in the market. MACD is declining keeping a weak sell signal (located below the signal line) Stochastic shows similar dynamics, gradually approaching the level of "20" and signaling the risks of the single currency being oversold in the ultra-short term. Resistance levels: 1.0700, 1.0730, 1.0765, 1.0800. Support levels: 1.0665, 1.0630, 1.0600, 1.0561. Trading tips Short positions may be opened after a breakdown of 1.0665 with the target at 1.0600. Stop-loss — 1.0700. Implementation time: 1-2 days. A rebound from 1.0665 as from support followed by a breakout of 1.0700 may become a signal for opening new long positions with the target at 1.0765. Stop-loss — 1.0665. 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 1 Author Share Posted July 1 AUD/USD: the Australian dollar retreats from its local highs 01.07.2024 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 showing a fairly active decline, retreating from the local highs of June 26. The instrument is testing 0.6665 for a breakdown, while trading participants evaluate incoming macroeconomic statistics from Australia and China. The Australian Manufacturing PMI fell from 47.5 points to 47.2 points in June with neutral forecasts, and the ANZ Job Advertisements in June lost 2.2% after –1.9% in the previous month. In addition, in May, the weighted average Consumer Price Index adjusted from 3.6% to 4.0%, raising fears among experts of a new interest rate increase in August. These data supported the national currency, but further positive dynamics were hampered by comments from Deputy Governor of the Reserve Bank of Australia (RBA) Andrew Hauser, who said that it would be a serious mistake to make decisions based on one inflation report. Meanwhile, data from China were mixed: the Caixin Manufacturing PMI in June showed a slight increase from 51.7 points to 51.8 points, while analysts expected 51.2 points, but the Non-Manufacturing PMI fell from 51.1 points to 50.5 points with preliminary estimates of 51.0 points, and the NBS Manufacturing PMI remained at the same level of 49.5 points. The instrument continues to receive some support from expectations regarding the RBA's further monetary policy: last week, investors drew attention to the unexpectedly strong increase in inflation in Australia, which could lead to new increases in borrowing costs from the regulator. In May, the country's Consumer Price Index accelerated from 3.6% to 4.0%, against the expected 3.8%. On Wednesday, the market will receive data on business activity from the Australian Industry Group (AiG) and the Commonwealth Bank, inflation statistics from TD Securities, as well as May statistics on retail sales. In turn, on Friday in the United States, the focus will be on June labor market statistics: forecasts suggest a decrease in Nonfarm Payrolls from 272.0 thousand to 180.0 thousand. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range expands from above, freeing a path to new local highs for the "bulls". MACD is growing preserving a weak buy signal (located above the signal line). Stochastic shows similar dynamics but is rapidly approaching its highs, which reflects risks of the overbought Australian dollar in the ultra-short term. Resistance levels: 0.6679, 0.6700, 0.6725, 0.6750. Support levels: 0.6667, 0.6646, 0.6622, 0.6600. Trading tips Short positions may be opened after a breakdown of 0.6667 with the target at 0.6622. Stop-loss — 0.6690. Implementation time: 1-2 days. A rebound from 0.6667 as from support followed by a breakout of 0.6679 may become a signal for opening new long positions with the target at 0.6725. Stop-loss — 0.6655. 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 July 3 Author Share Posted July 3 XAU/USD: gold prices are consolidating in anticipation of new drivers 03.07.2024 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 is holding at the level of 2330.00. Investors’ activity is still low as the macroeconomic statistics coming to the market is mixed, and trading participants are reluctant to open new positions on the eve of the US Independence Day. In particular, today at 14:15 (GMT+2), investors will be focused on the Automatic Data Processing (ADP) report on private sector employment: the indicator is expected to rise from 152.0 thousand to 160.0 thousand, which can support the US dollar locally. In turn, the Fed’s June meeting minutes are likely to be restrained as the day before, the Chair of the regulator Jerome Powell noted that the national economy is gradually returning to disinflation, and the authorities had succeeded in reaching significant progress in this issue. At the same time, Powell warned the markets about the excessive hopes for the speedy interest rate cut, having mentioned the importance of macroeconomic data monitoring for gaining additional confirmation of the price pressure weakening. In turn, June data on the ISM Manufacturing PMI turned out to be weak: the indicator fell from 48.7 points to 48.5 points instead of the expected 49.2 points, which could be a driver for the US Fed to change the course of its monetary policy despite the fact that most of the officials retain cautious rhetoric. At the same time, forecasts for the Friday’s labor market report assume that in June American economy created 190.0 thousand new jobs outside the agricultural sector, which is significantly lower than 272.0 thousand, and the Average Hourly Earnings will slow down from 4.1% to 3.9% YoY and from 0.4% to 0.3% MoM. Support and resistance Bollinger Bands on the daily chart demonstrate flat dynamics: the price range is narrowing, reflecting the development of mixed dynamics in the short term. MACD is growing, retaining a weak buy signal and being located above the signal line and trying to consolidate above the zero level. Stochastic shows more confident growth but at the moment it is rapidly approaching its highs, signaling an overbought instrument in the ultra-short term. Resistance levels: 2339.70, 2354.65, 2364.04, 2378.39. Support levels: 2318.47, 2300.00, 2285.00, 2265.52. Trading tips Long positions can be opened after confident breakout of 2339.70 with the target at 2364.04. Stop-loss — 2325.00. Implementation time: 2-3 days. The return of the “bearish” trend to the market with the breakdown of 2318.47 can become a signal to open new short positions with the target at 2285.00. Stop-loss — 2330.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 XAU/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 5 Author Share Posted July 5 AUD/USD: Australian foreign trade data facilitate the local highs update 05.07.2024 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 shows uncertain growth, developing an upward momentum formed in the ultra-short term. The instrument is testing 0.6730 for a breakout, updating local highs from January 5. The "bullish" dynamics, which accelerated throughout the week as positions in the US currency weakened, are gradually slowing down ahead of today's publication of the June labor market report, which may influence the US Federal Reserve's decision on reducing borrowing costs until the end of this year. Earlier in the week, the Chair of the American regulator, Jerome Powell, gave a speech, and the June minutes of the Fed’s meeting were also published. The market reacted with restraint to both news, as officials repeated previous theses about the need to wait for additional confirmation of a reduction in inflation to the target 2.0% before launching a monetary easing program. The Australian dollar, in turn, is supported by macroeconomic data: on Wednesday, trading participants drew attention to the growth in Retail Sales in May from 0.1% to 0.6% with a forecast of 0.2%, and the Services PMI from the Commonwealth Bank in June corrected from 51.0 points to 51.2 points, while analysts had expected 50.6 points; in turn, the trade surplus slowed down to 5.773 billion Australian dollars. Support and resistance Bollinger Bands in D1 chart show quite active growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic retains an uptrend, but is located in close proximity to its highs, which points to the risk of overbought Australian dollar in the ultra-short term. Resistance levels: 0.6750, 0.6775, 0.6802, 0.6850. Support levels: 0.6725, 0.6700, 0.6679, 0.6667. Trading tips Long positions can be opened after a breakout of 0.6750 with the target of 0.6802. Stop-loss — 0.6725. Implementation time: 1-2 days. A rebound from 0.6750 as from resistance, followed by a breakdown of 0.6725 may become a signal for opening of new short positions with the target at 0.6667. Stop-loss — 0.6750. 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 July 8 Author Share Posted July 8 Hewlett-Packard Co.: technical analysis 08.07.2024 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., an American giant in the field of information technology, are moving in a corrective trend at 34.60. On the daily chart, the price is correcting, trying to start working out the price gap of 34.50–32.60. On the four-hour chart, the downtrend may receive support after the quotes consolidate below the end of the price gap at 34.50, with the target at the beginning of the gap at 32.60. In case of a reversal and breaking through the high of last week 35.30, the price may grow to the upper border of the Triangle pattern with boundaries 36.80–34.50. Technical indicators gave a sell signal: fast EMA on the Alligator indicator crossed the signal line downwards, and the AO histogram forms downward bars below the transition level. Trading tips Short positions may be opened after the price declines and consolidates below 34.30, with the target at 32.60. Stop loss — 35.00. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 35.20, with the target at 37.10. Stop loss — 34.50. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 Hewlett-Packard Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 10 Author Share Posted July 10 Pfizer Inc.: technical analysis 10.07.2024 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 27.60. On the daily chart, the price is holding above the resistance line of the global downward channel with dynamic boundaries of 26.50–23.00, approaching it for a reverse test. On the four-hour chart, the quotes are close to the low of June 17 at 27.00. After a breakdown, it may reach the annual low of 25.20. If the asset consolidates above the high of June 24 at 28.30, a reversal and an upward movement may follow. Technical indicators are holding a sell signal. Fast EMA on the Alligator indicator are below the signal line, and the AO histogram forms downward bars below the transition level. Trading tips Short positions may be opened after the price declines and consolidates below 27.30, with the target at 25.20. Stop loss — 28.20. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 28.30, with the target at 29.70. 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 Pfizer Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 12 Author Share Posted July 12 General Electric Co.: technical analysis 12.07.2024 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. General Electric Co., an American diversified corporation, is trading within the framework of an intensifying correction at 161.00. On the daily chart, the price is forming a Triangle pattern with narrowing boundaries of 165.00–158.00. On the four-hour chart, the probability of completing the formation is very high since the quotes have long been in the pattern’s last third, and they can break one of the sides at any time. According to the pattern’s rules, an upward exit is more likely, and after a breakout of the resistance level of 165.00, the price may reach the year’s high of 180.00. Technical indicators give a poor buy signal. Fast EMA on the Alligator indicator crossed the signal line upwards and are preparing to expand the range of fluctuations, and the AO histogram is forming correction bars near the transition level. Trading tips Long positions may be opened after the price rises and consolidates above 165.40, with the target at 179.00. Stop loss is 158.00. Implementation period: 7 days or more. Short positions may be opened after the price falls and consolidates below 158.00, with the target at 148.00. Stop loss is 164.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 General Electric Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 15 Author Share Posted July 15 Bank of America Corp.: technical analysis 15.07.2024 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Bank of America Corp. for a better understanding of the current market situation and more efficient trading. Shares of Bank of America Corp., one of the largest banks and analytical agencies in the United States, are trading within the corrective trend at 41.00. On the daily chart, the price retreats from the support line of the ascending channel with dynamic boundaries of 43.50–38.30, preparing to leave the channel. On the four-hour chart, consolidation above the year’s high of 41.00 allowed the quotes to significantly increase the probability of reaching the channel resistance line of 43.50. However, for full-fledged growth, they need to overcome the current high of 42.00. Technical indicators strengthen the buy signal: fast EMA on the Alligator indicator are above the signal line, keeping the fluctuation range stable, and the AO histogram forms correction bars above the transition level. Trading tips Long positions may be opened after the price rises and consolidates above 41.90, with the target at 45.00. Stop loss — 41.00. Implementation period: 7 days or more. Short positions may be opened after the price declines and consolidates below 40.90, with the target at 38.30. Stop loss — 42.00. 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 Bank of America Corp. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 17 Author Share Posted July 17 AUD/USD: Australian households expect mortgage rates to rise over the next 12 months 17.07.2024 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 consolidates around 0.6737 during the Asian session. The Australian currency is gaining value as investors brace for further interest rate hikes following July data from Westpac Banking Corp. that recorded a decline in Consumer Sentiment to new lows: the indicator lost 1.1%, dropping to 82.7 points from 83.6 points previously. Westpac senior economist Matthew Hassan said the downward trend had been going on for two years, even though the government had made significant tax adjustments in an attempt to support low- and middle-income people, and concerns about persistent inflation and further interest rate rises are once again placing greater pressure on consumer sentiment, wiping out any positive momentum generated by financial support measures. Australia's Weighted Average Consumer Price Index corrected from 3.60% to 4.00% year on year, beating analysts' forecast of 3.80%, as more households expect mortgage rates to rise over the next 12 months, although in June the figure reached almost 60.0%. In addition, the recent 17.0% fall in Australian dairy exports was accompanied by a 19.0% increase in imports. These market changes are partly due to increased domestic production in China, supported by significant government investment that reduces the country's dependence on imported products. On Thursday at 3:30 (GMT+2), June labor market data will be published: Unemployment Rate is expected to increase from 4.0% to 4.1%, and Full Employment may slow down from 39.7 thousand to 20.0 thousand, confirming the stability of the sector even in the context of the tight monetary policy of the Reserve Bank of Australia (RBA). The day before, investors paid attention to statistics on Retail Sales in the United States: their total volume in June was fixed at 0.3% with a forecast of –0.3%, while the figure excluding fuel and cars rose from 0.3% to 0.8% with preliminary estimates of 0.2%, confirming the existing risks of accelerating inflation, which may ultimately affect the position of the US Federal Reserve on easing monetary parameters in the near future. Earlier, the Chairman of the Fed, Jerome Powell, noted that financial authorities do not intend to wait for the CPI to reach the target 2.0% to begin adjusting borrowing costs. Support and resistance On the daily chart, the price was unable to overcome the resistance line of the local Expanding Formation pattern, which is located at 0.6800. Technical indicators holding the buy signal began to actively slow it down: fast EMAs on the Alligator indicator are again approaching the signal line, narrowing the range of fluctuations, and the AO histogram decreases in the buy zone. Support levels: 0.6715, 0.6628. Resistance levels: 0.6760, 0.6850. Trading tips Short positions can be opened after the price consolidates below the support level of 0.6715 with the target of 0.6628. Stop-loss — 0.6750. Implementation time: 7 days and more. Long positions can be opened when the price consolidates above the resistance level of 0.6760 with the target of 0.6850. Stop-loss — 0.6700. Use more opportunities of the NPBFX analytical portal: economic calendar Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 19 Author Share Posted July 19 Tesla Inc.: technical analysis 19.07.2024 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., a leading manufacturer of electric cars, are trading at 148.00. On the daily chart, the price is moving within a corrective trend, the peak of which is the year’s high 260.00, reversing downwards. On the four-hour chart, a Diamond reversal pattern with implementation levels of 260.00 and 236.00 has formed. According to statistics, the probability of its exit downward is higher, and the implementation target is the correction level of 200.00. Technical indicators weaken the buy signal: fast EMA on the Alligator indicator are approaching the signal line, and the AO histogram is forming downward bars, falling in the buy zone. Trading tips Short positions may be opened after the price declines and consolidates below 236.00, with the target at 205.00. Stop loss is 245.00. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 260.00, with the target at 291.00. Stop loss is 250.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 Tesla Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 22 Author Share Posted July 22 The Walt Disney Co.: technical analysis 22.07.2024 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading. The shares of The Walt Disney Co., one of the leaders in the entertainment industry, are moving in a correction trend at 96.00. On the daily chart, the price is moving away from the resistance line of the downward channel with dynamic boundaries of 97.00–92.00, trading just below the full Fibonacci correction of 61.8% at 95.60. On the four-hour chart, the quotes can overcome the low of last week at 96.10. Then, the decline will move into the stage of a full-fledged trend since all correction levels are broken. A consolidation below the full Fibonacci correction of 61.8% at 95.60 will allow the price to reach 90.00. In case of a reversal and growth of the asset, a local ascending wave may form, with the target at the intermediate Fibonacci correction of 50.0% at 101.40. Technical indicators are holding the sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO histogram is forming correction bars in the sell zone. Trading tips Short positions may be opened after the price consolidates below 94.60, with the target at 88.40. Stop loss is 96.40. Implementation period: 7 days or more. Long positions may be opened after the price consolidates above 96.10, with the target at 101.40. Stop loss is 94.00. 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 The Walt Disney Co. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 24 Author Share Posted July 24 Starbucks Corp.: technical analysis 24.07.2024 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 that owns the coffee shop chain of the same name, are correcting at 76.00. On the daily chart, the price is approaching the resistance line of the downward channel with dynamic boundaries of 79.00–63.00. On the four-hour chart, after renewing the high of 75.00, the quotes retreated downwards, preparing to test 78.00. Despite the slowdown, the uptrend looks stable, and the asset may reach 85.00. Technical indicators weaken the sell signal: fast EMA on the Alligator indicator are approaching the signal line, narrowing the range of fluctuations, and the AO histogram is forming ascending bars in the sell zone. Trading tips Long positions may be opened after the price rises and consolidates above 78.00, with the target at 85.00. Stop loss is 76.00. Implementation period: 7 days or more. Short positions may be opened after the price falls and consolidates below 75.00, with the target at 70.00. Stop loss is 77.00. 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...
Antony_NPBFX Posted July 26 Author Share Posted July 26 Alcoa Corp.: technical analysis 26.07.2024 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Alcoa Corp. for a better understanding of the current market situation and more efficient trading. Shares of Alcoa Corp., one of the largest aluminum producers, are correcting at 33.00. On the daily chart, the price is retreating from the lower border of the ascending channel with dynamic boundaries of 46.00–39.00. On the four-hour chart, the probability of a decline remains high. After a consolidation below the low of 34.00, the price may reach the full Fibonacci correction level of 61.8% at 27.80. However, after a reversal, growth, and consolidation above the intermediate Fibonacci correction level of 50.0% at 34.00, an increase to the low of June 18 36.70 may follow. Technical indicators are holding the sell signal: the EMA oscillation range on the Alligator indicator is expanding downwards, and the AO histogram is forming downward bars in the sell zone. Trading tips Short positions may be opened after the price declines and consolidates below 31.31, with the target at 27.80. Stop loss is 33.00. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 34.00, with the target at 36.69. Stop loss is 33.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 Alcoa Corp. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 29 Author Share Posted July 29 Pfizer Inc.: technical analysis 29.07.2024 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 30.60. On the daily chart, the price is holding below the resistance line of the ascending channel with dynamic boundaries of 31.80–28.20, approaching it. On the four-hour chart, the quotes have broken the high of July 21 at 30.00. After a breakout of the range’s resistance level of 31.70, they can reach 34.00. If the asset consolidates below the recently passed high of 30.00, a reversal and decrease may follow. Technical indicators support and hold the buy signal: fast EMA on the Alligator indicator is again above the signal line, and the AO histogram forms ascending bars above the transition level. Trading tips Long positions may be opened after the price grows and consolidates above 31.10, with the target at 33.80. Stop loss — 30.30. Implementation period: 7 days or more. Short positions may be opened after the price declines and consolidates below 30.10, with the target at 28.20. 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 Pfizer Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted July 31 Author Share Posted July 31 Apple Inc.: technical analysis 31.07.2024 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 giant in the development and sale of personal and tablet computers, are moving in a correction trend at 218.00. On the daily chart, the price left the global ascending channel 233.00–220.00 and is retreating from the support line. On the four-hour chart, the negative dynamics may continue as the quotes have overcome the high of 220.00, and now the nearest obstacle is the support level of 198.00. Technical indicators confirm the likelihood of a continued decline: fast EMA on the Alligator indicator strengthen the sell signal, and the AO histogram forms downward bars below the transition level. Trading tips Short positions may be opened after the price declines and consolidates below 214.20, with the target at 198.50. Stop loss is above 220.00. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 221.60, with the target at 233.00 and stop loss 216.00. Use more opportunities of the NPBFX analytical portal: analytics You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Apple Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
Antony_NPBFX Posted August 2 Author Share Posted August 2 EUR/USD: inflation in the eurozone has been above the ECB's target level for three years now 02.08.2024 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 During the Asian session, the EUR/USD pair quotes are correcting after a sharp decline the day before, as a result of which the single currency updated the local lows of July 3, and is now preparing to test 1.0800 for a breakout, while investors are in no hurry to open new trading positions ahead of the publication of the July report on the labor market. Forecasts call for a decline in the number of new jobs created by the US nonfarm sector to 175.0 thousand from 206.0 thousand and Average Hourly Earnings to 3.7% from 3.9% year-on-year, but the monthly figure is likely to show growth of the previous 0.3%, while the Unemployment Rate will remain at 4.1%. Further cooling of the labor market could become a driver for the US Federal Reserve to launch a monetary easing program. Analysts are considering a 25-basis-point cut in borrowing costs at the September meeting as the main scenario. The data released on Wednesday did not appear to have dampened investors' expectations for a European Central Bank (ECB) interest rate cut in the autumn, but it did raise concerns about the timing of the 2.0% inflation target. In July, the Consumer Price Index rose from 2.5% to 2.6% year-on-year, while experts had expected 2.4%, and the Core CPI excluding Food and Energy was recorded at around 2.9%, with preliminary estimates of 2.8%. The fastest inflation rates are observed in Germany (up to 2.6% from 2.5% in June), France (up to 2.6% from 2.5%) and Italy (up to 1.7% from 0.9%), the lowest in Finland (0.6%). European monetary authorities have previously stressed that they expect a surge in consumer price growth before it returns to its 2.0% target in 2025. Today at 10:00 (GMT+2), European investors will pay attention only to data on the dynamics of Industrial Production: forecasts suggest a slowdown in monthly volumes in Italy from 0.5% to 0.0%, while in France, on the contrary, growth of 1.0% is expected after a sharp fall of 2.1% in June. Market participants are also assessing the statistics on business activity dynamics presented the day before: the eurozone Manufacturing PMI rose from 45.6 points to 45.8 points in July, which turned out to be better than the neutral forecasts of analysts, and the American indicator rose from 49.5 points to 49.6 points, while the markets also did not expect any changes. At the same time, the ISM Manufacturing PMI adjusted from 48.5 points to 46.8 points, contrary to forecasts of 48.8 points. Support and resistance On the daily chart, Bollinger Bands are moderately declining. The price range expands from below, making way for new local lows for the "bears". MACD is declining, maintaining a strong sell signal and trying to consolidate below the zero level. Stochastic has been showing a horizontal direction near the level of "20" for some time now and has hardly reacted to the attempts of "bears" to seize the initiative. Resistance levels: 1.0800, 1.0820, 1.0844, 1.0869. Support levels: 1.0765, 1.0730, 1.0700, 1.0665. Trading tips Long positions can be opened after a breakout of 1.0820 with the target of 1.0869. Stop-loss — 1.0800. Implementation time: 1-2 days. The return of a "bearish" trend with the breakdown of 1.0765 may become a signal for sales with the target at 1.0700. Stop-loss — 1.0800. 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 August 5 Author Share Posted August 5 Tesla Inc.: technical analysis 05.08.2024 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., a leading manufacturer of electric cars, are trading at 207.00. On the daily chart, the price is moving within the corrective trend, the peak of which is the year’s high of 270.00. On the four-hour chart, the quotes are reversing, working out the price gap of 246.00–225.00. This dynamic can transform into a Flag pattern but for now, downward pressure remains, and the asset is trying to renew the low of 200.00. Technical indicators have almost given a sell signal: fast EMA on the Alligator indicator are approaching the signal line, preparing to cross it downwards, and the AO histogram is falling in the buy zone, forming downwards bars. Trading tips Short positions may be opened after the price declines and consolidates below 204.00, with the target at 170.00. Stop loss is 210.00. Implementation period: 7 days or more. Long positions may be opened after the price grows and consolidates above 216.00, with the target at 246.00. Stop loss is 210.00. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation 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, AUD/USD. 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 Tesla Inc. and trade efficiently with NPBFX. Link to comment Share on other sites More sharing options...
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