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[Antony_NPBFX]

EUR/USD: awaiting the publication of September business activity statistics in the eurozone 23.09.2024

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 is testing 1.1165 for a breakout. Market activity is cooling ahead of the release of September eurozone business activity data from S&P Global at 10:00 (GMT+2), which is expected to show little change, particularly in the manufacturing sector, which is likely to show negative dynamics again. On Tuesday, Germany will also publish data from the Institute for Economic Research (IFO): in September, the Business Climate index could fall from 86.6 points to 86.1 points, the Expectations indicator — from 86.8 points to 86.3 points, and the Current Assessment indicator — from 86.5 points to 86.0 points.

Earlier, European Central Bank (ECB) President Christine Lagarde noted the confident pace of inflation slowdown with minimal job losses, predicting that the indicator will reach the target of 2.0% by 2025. However, the official stressed the high level of uncertainty as the global economy is currently facing "transformational changes" and against this backdrop the regulator is likely to keep borrowing costs unchanged in October. The timing of the softening of the rhetoric will depend on the improvement of key indicators: the growth of labor costs is slowing despite weak productivity, and companies are partially indexing the wages of their employees, which in the long term will support the process of disinflation.

American investors are assessing the results of the two-day meeting of the US Federal Reserve, which ended last week: as expected, the interest rate was reduced to 5.00%, while until the very end market participants doubted if the step of the adjustment would be 25 or 50 basis points, and during the week the latter scenario was not considered a priority. Earlier, the Fed published an updated forecast for the interest rate, which assumes reaching 4.40% by the end of this year and 3.40% by the end of 2025.

Support and resistance

Bollinger Bands in the daily chart show unsteady growth. The price range expands from above, freeing a path to new local highs for the "bulls". MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic, after an uncertain attempt to reverse downwards at the beginning of the last trading week, is heading upwards again, being in the area of its highs and indicating the risks of the single currency being overbought in the ultra-short term.

Resistance levels: 1.1200, 1.1243, 1.1300, 1.1350.
Support levels: 1.1150, 1.1100, 1.1050, 1.1000.

Trading tips

Long positions can be opened after a breakout of 1.1200 with the target of 1.1300. Stop-loss — 1.1150. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 1.1150 may become a signal for short positions with the target at 1.1050. Stop-loss — 1.1200.

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.

[Antony_NPBFX]

Hewlett-Packard Co.: technical analysis 25.09.2024

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 trading at 35.80.

On the daily chart, the price is correcting within the downward channel of 36.00–30.00.

On the four-hour chart, the current upward trend can receive significant support after the quotes consolidate above the high of 36.00, acting as a driver of movement to the area of 38.50. In case of a reversal, testing of the low of early September 33.00 is likely.

Technical indicators are ready to give a buy signal: fast EMAs on the Alligator indicator have crossed the signal line upwards, and the AO histogram is forming ascending bars just above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 36.20, with the target at 38.40. Stop loss is 35.40. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 35.10, with the target at 32.60. Stop loss is 36.00.

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 and trade efficiently with NPBFX.

[Antony_NPBFX]

Pfizer Inc.: technical analysis 27.09.2024

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 29.00.

On the daily chart, the price is above the support line of the ascending channel with dynamic boundaries of 31.70–28.00, moving away from it.

On the four-hour chart, the quotes could not leave the range and reversed at the support level of 28.00. After consolidating above 30.00, the asset may reach the annual high of 31.50. However, in the event of a return to the 28.00 area, negative dynamics may develop.

Technical indicators do not provide a stable signal: fast EMAs on the Alligator indicator are above the signal line, 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 29.60, with the target at 31.30. Stop loss is 29.20. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 28.30, with the target at 26.50. Stop loss is 29.00.

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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.

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 30.09.2024

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., an American multinational holding company owning a technology conglomerate and the largest Facebook social network, are trading at 567.00.

A correction trend is forming on the daily chart, within which the price is held in a wide ascending channel with dynamic boundaries of 576.00–470.00.

On the four-hour chart, the quotes reached the resistance line of 476.00. Despite the slowdown, a consolidation above the year’s high of 543.00 may follow.

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

Trading tips

Long positions may be opened after the price grows and consolidates above 576.00, with the target at 616.00. Stop loss — 568.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 554.00, with the target at 511.00. Stop loss — 565.00.

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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 Meta Platforms Inc. and trade efficiently with NPBFX.

[Antony_NPBFX]

General Electric Co.: technical analysis 02.10.2024

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 at 186.00.

On the daily chart, the price is moving in a corrective trend, forming an ascending channel with dynamic boundaries of 192.00–163.00.

On the four-hour chart, the quotes are heading towards the resistance line of 192.00 and this week, they may consolidate above the year’s high of 190.00. The probability of a downward movement will increase after a breakout of the last week’s low of 180.00.

Technical indicators reinforce the buy signal: fast EMAs on the Alligator indicator crossed the signal line upwards and accelerate the range expansion, 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 190.00, with the target at 203.60. Stop loss is 185.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 183.00, with the target at 169.00. Stop loss is 188.00.

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.

[Antony_NPBFX]

Microsoft Corp.: technical analysis 04.10.2024

Good afternoon, dear forum visitors!

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

Shares of Microsoft Corp., a giant in the development and sale of operating systems and software for computers, are trading in a correction trend at 416.00.

On the daily chart, the price is moving in an ascending channel with dynamic boundaries of 450.00–415.00 near the support line.

On the four-hour chart, after a consolidation below the support line of 415.00, a decline to the low of April 29 at 389.00 may follow.

Technical indicators are forming a sell signal: the EMA fluctuation range on the Alligator indicator is preparing to begin expanding downwards, and the AO histogram is forming correction bars near the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 408.50, with the target at 388.70. Stop loss — 413.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 424.00, with the target at 452.00. Stop loss — 416.00.

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 Microsoft Corp. and trade efficiently with NPBFX.