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[Antony_NPBFX]

ExxonMobil Corp.: technical analysis 17.02.2025

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 108.00.

On the daily chart, the price could not leave the ascending channel with boundaries of 112.00–106.00, holding slightly above the support line.

On the four-hour chart, the downward movement may continue, as the quotes move below the mid-January high of 112.00, consolidation above is necessary for continued growth to the 120.00 area. Despite the proximity of the extreme, the development of downward dynamics is more likely, as the asset is moving within the Flag pattern, preparing for the start of a wave with the target at 100.00.

Technical indicators are uncertain: fast EMAs on the Alligator indicator are moving slightly above the signal line, and the AO histogram is forming correction bars in the positive zone near the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 106.00, with the target at 100.00. Stop loss – 109.00. Implementation period: 7 days or more.

Long positions may be opened after the price grows and consolidates above 111.00, with the target at 118.00. Stop loss is 108.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

[Antony_NPBFX]

Nvidia Corp.: technical analysis 19.02.2025

Good afternoon, dear forum visitors!

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

Shares of Nvidia Corp., an American giant in video graphics processor development, are trading at 140.00.

On the daily chart, the price is correcting, retreating from the support line of the Expanding formation pattern with boundaries of 155.00–104.00.

On the four-hour chart, consolidation above the previous high of 148.00 can significantly accelerate the pace of the upward dynamics. Its only obstacle is the resistance line of the pattern of 155.00, after consolidation above, the price may reach 168.00.

Technical indicators maintain a buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the oscillation range, and the AO histogram is forming correction bars significantly above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 148.00, with the target at 167.00. Stop loss is 142.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 135.00, with the target at 113.00. Stop loss is 145.00.

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 Nvidia Corp. and trade efficiently with  NPBFX.

[Antony_NPBFX]

GBP/USD: investors focus on the US labor market 21.02.2025

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 pound is trading near December highs at 1.2659 amid a rapid weakening of the dollar in the GBP/USD pair. Investors are concerned about the position of the US Fed, fearing that a possible deterioration in the economic situation in the country and the world could contribute to the long-term preservation of the interest rate at the current levels. They are closely monitoring the actions of the new Donald Trump administration, especially focusing on trade policy. Earlier, the president announced a 25.0% tax increase on all steel and aluminum imports, promising to respond to any restrictions from partners that in one way or another hinder the sale of American products. So far, such “hawkish” rhetoric is considered by experts more as an argument in the political struggle than as a real economic threat. Thus, Trump has already announced upcoming meetings with the leaders of France and The United Kingdom and did not rule out a visit by Chinese President Xi Jinping soon.

The weekly data on the labor market published yesterday was ambiguous. Initial jobless claims increased by 219.0K, more than both the forecast of 215.0K and the previous figure of 214.0K. The average claims over four weeks fell from 216.25K to 215.25K, and the total claims increased from 1.845M to 1.869M with preliminary estimates of 1.870M. In turn, the dynamics of the Federal Reserve Bank of Philadelphia manufacturing PMI disappointed market participants. In February, it fell from 44.3 points to 18.1 points, below expectations of 20.0 points.

Meanwhile, British investors are analyzing the January inflation statistics that appeared on Wednesday. The consumer price index decreased from 0.3% to –0.1% MoM compared to forecasts of 0.3% and increased from 2.5% to 3.0% YoY against 2.8%. The core indicator was corrected from 0.3% to –0.4% MoM instead of –0.5% and from 3.2% to 3.7% YoY. Commenting on the statistics, Chancellor of the Exchequer Rachel Reeves said that millions of British families still face financial problems that the government still needs to work to solve. Today at 9:00 (GMT+2), the retail sales report will be presented, where the indicator may grow by 0.6% YoY after a correction of 3.6% earlier and by 0.3% MoM compared to –0.3%.

Support and resistance

On the daily chart, Bollinger Bands are confidently growing. The price range is expanding, letting the “bulls” renew local highs. MACD maintains a relatively strong buy signal, being above the signal line. Stochastic, having shown a rebound from the highs at the beginning of the week, maintains a downward direction, indicating that the pound may become overbought in the ultra-short term.

Resistance levels: 1.2690, 1.2747, 1.2800, 1.2847.
Support levels: 1.2650, 1.2600, 1.2550, 1.2500.

Trading tips

Long positions may be opened after a breakout of 1.2690, with the target at 1.2847. Stop loss is 1.2600. Implementation period: 2–3 days.

The return of the “bearish” dynamics with a breakdown of 1.2600 may become a signal to open short positions, with the target at 1.2500. Stop loss is 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.