NPBFX - making money with us since 1996!

[Antony_NPBFX]

AUD/USD: AUD is strengthening 19.07.2019

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar rose substantially against the US one on Thursday, updating local highs of April 24. It is curious that AUD has managed to show quite active growth, despite the ambiguous report on the Australian labor market for June. It reflected employment growth for mere 0.5K jobs, while in May the growth was 45.3K. Analysts were expecting growth of 10.0K jobs.

Macroeconomic statistics from the USA published on Thursday was moderately optimistic. The secondary jobless for the week on July 5 decreased from 1.728 to 1.686 million, with an expected decrease only to 1.700 million. Initial jobless claims expectedly increased from 208K to 216K. Most of the support for USD currency was provided by the Philadelphia Fed Manufacturing PMI, which rose from 0.3 to 21.8 points in July against the forecast of growth to 5 points.

Support and resistance

Bollinger Bands in the D1 chart show moderate growth. The price range is actively expanding, reflecting a surge in "bullish" sentiment on Thursday. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Stochastic, having reached its maxima, is trying to reverse downwards, indicating the overbought instrument in the ultra-short term.

One should keep existing long positions in the short and/or ultra-short term until the sell signals appear.

Resistance levels: 0.7081, 0.7100, 0.7118.

Support levels: 0.7046, 0.7021, 0.7000, 0.6984.

Trading tips

To open long positions, one can rely on the breakout of 0.7081. Take profit – 0.7118–0.7130 или 0.7150. Stop loss – 0.7060–0.7050. Implementation period: 1-2 days.

A rebound from 0.7081, as from resistance, followed by a breakdown of 0.7046, may become a signal for corrective sales with the target at 0.6984 or 0.6955. Stop loss – 0.7081. Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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.

 

[Antony_NPBFX]

NZD/USD: New Zealand dollar consolidates 22.07.2019

Good afternoon, dear forum visitors!

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

Current trend

On Friday, the NZD/USD pair fell, retreating from the renewed local highs. The dynamic was of a technical nature since the macroeconomic background remained the same. NZD was moderately supported by credit card spending data. In June, the figure rose by 6.6% YoY, which was only 0.1% weaker than last month. Investors expected a growth rate of only 5.4% YoY. USD, in turn, was under pressure after a speech by representatives of the US Federal Reserve, who noted the positive effect of the rapid interest rate cut. In late July, a large two-day Fed meeting will take place, at which, as investors expect, the interest rate will be lowered.

Support and resistance

Bollinger bands are growing steadily on the daily chart. The price range is actively expanding, letting the “bulls” renew local highs. The MACD indicator is growing, keeping a moderate buy signal (the histogram is above the signal line). Stochastic, approaching its highs, reversed into a horizontal plane, indicating that NZD may become overbought in the super short term.

The developing a corrective decline is possible in the short and/or ultra-short term.

Resistance levels: 0.6789, 0.6807, 0.6836, 0.6872.

Support levels: 0.6750, 0.6725, 0.6685, 0.6655.

Trading tips

Long positions can be opened after the breakout of the level 0.6789 with the targets at 0.6850–0.6872. Stop loss is 0.6760. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of the level 0.6750 with the target at 0.6655 or 0.6640. Stop loss is 0.6789. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

Use the current recommendations of analysts on NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: USD is strengthening 24.07.2019

Good afternoon, dear forum visitors!

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

Current trend

USD rose against CHF yesterday, developing the "bullish" impulse formed last week. The pressure on franc was exerted by the negative prospects of Brexit and the statements of US President Donald Trump, who noted that "in trade matters, the EU is worse than China." Investors fear the escalation of the US-EU trade conflict since it is not the first time when Trump is trying to impose additional duties on European goods. Published macroeconomic statistics was ambiguous. Sales in the US secondary housing market in June fell by 1.7% after rising by 2.9% MoM last month (forecast of only −0.2% MoM). Richmond Fed Manufacturing Index in July dropped sharply from 3 to −12 points, with the forecast of 5 points. European statistics reflected a slight increase in consumer confidence from −7.2 to −6.6 points, with a constant forecast.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is slightly narrowed from above, reflecting the change in trading in the short term. MACD indicator is growing preserving a weak buy signal (histogram is above the signal line). Stochastic shows similar dynamics, being approximately in the center of its working area, which reflects good prospects for the development of an uptrend in the short/ultra-short term.

One should look at the possibility of further growth of the instrument in the near future.

Resistance levels: 0.9860, 0.9887, 0.9907, 0.9930.

Support levels: 0.9833, 0.9800, 0.9775, 0.9737.

Trading tips

To open long positions, one can rely on the breakout of 0.9870–0.9880. Take profit – 0.9930 or 0.9950–0.9960. Stop loss – 0.9850–0.9840.

A reverse near the current level, followed by a breakdown of 0.9860–0.9850, may become a signal for sales with the target at 0.9800. Stop loss – 0.9870–0.9880.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on USD/CHF and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, 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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the dollar continues to grow 26.07.2019

Good afternoon, dear forum visitors!

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

Current trend

The US dollar showed strong growth against the Japanese yen on Thursday. The development of "bullish" sentiment was supported by the strong macroeconomic statistics on the dynamics of orders for durable goods in the United States. In turn, the Japanese data was ambiguous. The index of foreign investment in Japanese bonds for the week of July 19 showed a decrease of 110.0 billion Japanese yen after a decline of 93.1 billion over the previous period.

Today, the pair is trading in both directions. Minor support for the yen is provided by a published Tokyo consumer price index. The level of consumer inflation, excluding fresh food products, rose by 0.9% YoY, which was 0.1% better than market expectations. On Friday, investors are focused on the publication of annual data on US GDP for Q2.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range narrows from above, reflecting an uncertain start of trading on Friday. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Also, the indicator is preparing to test the zero line on the breakout. Stochastic, having reached its maxima, reversed horizontally, indicating the overbought dollar in the ultra-short term.

To open new transactions, one should wait for clarification.

Resistance levels: 108.74, 108.98, 109.30.

Support levels: 108.52, 108.17, 107.78, 107.52.

Trading tips

To open long positions, one can rely on the breakout of 108.74. Take-profit – 109.30. Stop loss – 108.40. Implementation period: 1-2 days.

A rebound from 108.74, as from resistance, followed by a breakdown of 108.52–108.40, may become a signal for corrective sales with the target at 107.78 or 107.52. Stop loss – 108.80–108.90. Implementation period: 2-3 days.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: oil prices are consolidating 29.07.2019

Good afternoon, dear forum visitors!

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

Current trend

On Friday, the dynamics of oil prices was controversial, as the growth of tensions in the Middle East was balanced by signals of a slowdown in US economic growth. Despite the fact that Friday's data on Q2 2019 US GDP were better than expected (+2.1% YoY against the forecast of +1.8% YoY), the decline in the growth of the American economy is quite noticeable, therefore the steps to stimulate the national economy are still expected. The report of Baker Hughes on active oil platforms in the United States, which reflected a further reduction in active drilling rigs (from 779 to 776) moderately supported the instrument.

Support and resistance

On the daily chart, Bollinger bands are slightly falling. The price range narrows from above, reflecting the emergence of ambiguous trading dynamics in the short term. The MACD indicator is falling, keeping a poor sell signal (the histogram is below the signal line). Stochastic is also pointed downwards, reaching its lows again.

It is better to wait for the clarification of trading signals from technical indicators to open new positions in the market.

Resistance levels: 64.00, 64.73, 65.24, 65.98.

Support levels: 62.67, 61.51, 60.64, 60.00.

Trading tips

Long positions can be opened after a rebound from the level of 62.67 and the breakout of the level of 64.00 with the target at 65.98 or 66.68. Stop loss is 63.00.

Short positions can be opened after the breakdown of the level of 62.67 with the target at 60.64 or 60.00. Stop loss is 63.70.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities.

How can a trader determine if it’s worth buying or selling Brent Crude Oil 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 Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the instrument is consolidating 02.08.2019

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

AUD ended yesterday’s session with a steady decline against USD, updating local lows of January 3. The instrument was pressured by another sharp statement by Donald Trump, who accused Chinese President Xi Jinping of sluggishness in the process of concluding a trade agreement. Trump has also announced the phased introduction of higher import duties on the remaining Chinese imports from September. It is proposed to start with 10% duty, after which the US president, depending on the progress made in the negotiations, can regulate this level.

During today's Asian session, AUD is showing corrective growth. Macroeconomic statistics from Australia provides certain support for the instrument. The volume of retail sales in August grew by 0.4% MoM after rising by 0.1% MoM in the previous month. Australia's Producer Price Index in Q2 2019 showed an increase of 0.4% QoQ and 2.0% YoY, which was better than market expectations (+0.2% QoQ and +1.9% YoY).

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is actively expanding, but the instrument has been located outside of its boundaries for a long time. MACD is going down preserving a strong sell signal (located below the signal line). Stochastic, having reached its lows, reversed to the horizontal plane, indicating strongly oversold AUD in the short and ultra-short term.

Correctional dynamics is possible in the near future.

Resistance levels: 0.6830, 0.6860, 0.6883, 0.6900.

Support levels: 0.6794, 0.6758, 0.6720.

Trading tips

To open long positions, one can rely on the rebound from 0.6794 as from support with the subsequent breakout of 0.6830. Take profit — 0.6900 or 0.6920, 0.6933. Stop loss — 0.6794.

The breakdown of 0.6794 may serve as a signal to new sales with the target at 0.6720. Stop loss — 0.6830.

Implementation time: 2-3 days.

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.

 

[Antony_NPBFX]

USD/CAD: the instrument is strengthening 05.08.2019

Good afternoon, dear forum visitors!

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

Current trend

On Friday, the USD/CAD pair slightly decreased, although that during the day the instrument was trading upwards and renewed its highs since June 20. Investors rather coldly met the publication of the July report on the US labor market, which reflected the steady growth of new jobs in the American economy by 164K. The July average hourly wage rose from +3.1% YoY to +3.2% YoY, which was better than analysts' neutral forecasts.

Canadian statistics, in turn, was very uncertain. Thus, exports from Canada in June fell from $53 billion to $50.31 billion, which turned out to be worse than analysts' forecasts of $51.50 billion. Imports also fell from $52.43 billion to $50.17 billion against the forecast of $51.80 billion. Trade surplus balance in June fell from $0.56 billion to $0.14 billion.

Support and resistance

On the daily chart, Bollinger bands are growing steadily. The price range is narrowing, reflecting the emergence of ambiguous trading dynamics in recent days. The MACD indicator is growing, keeping a poor buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic, approaching its highs, reversed, indicating that the possibility of USD becoming overbought in the ultra-short term is growing.

It is better to keep current long positions until the market situation becomes clear.

Resistance levels: 1.3241, 1.3264, 1.3283, 1.3320.

Support Levels: 1.3200, 1.3163, 1.3134, 1.3100.

Trading tips

Long positions can be opened after the breakout of 1.3241–1.3250 with the targets at 1.3320–1.3330. Stop loss – 1.3210. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of 1.3200 with the target at 1.3100. Stop loss – 1.3250. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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

Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro is strengthening 07.08.2019

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

EUR showed ambiguous trading against USD yesterday. It maintained an upward trend only at the opening of the afternoon session and increased slightly at the beginning of the American session. The reduction in the pair was due to technical factors, as the news background was almost unchanged. Investors are discussing the aggravation of the US-China trade conflict, which flows into a currency war. CNY fell against USD to its lowest level since 2008, which will weaken the negative effect of Washington's new import duties introduction. The market also expects a possible reduction in the interest rate by the Fed in September.

Tuesday’s macroeconomic statistics from Germany did not support EUR. Factory Orders in June increased significantly by 2.5% MoM after the decline by 2.0% MoM in the previous month, with the forecast of +0.5% MoM. In annual terms, the indicator decreased by 3.6% YoY, which is much better than –8.4% YoY last month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting a sharp change of trend in the short term. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic keeps the uptrend, but approaches its highs, which indicates the risks of overbought EUR in the ultra-short term.

Technical indicators do not contradict further development of the uptrend in the short and/or ultra-short term.

Resistance levels: 1.1248, 1.1284, 1.1316.

Support levels: 1.1198, 1.1180, 1.1160, 1.1133.

Trading tips

To open long positions, one can rely on the breakout of 1.1248. Take profit — 1.1316. Stop loss — 1.1220. Implementation time: 1-2 days.

A breakdown of 1.1198 or 1.1180 may be a signal to further sales with target at 1.1115 or 1.1100. Stop loss — 1.1220–1.1240. Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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]

AUD/USD: Australian dollar is correcting 09.08.2019

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar rose significantly against the US currency on Thursday, continuing the development of the correctional impulse formed the day before. The instrument was supported by Chinese trade statistics, which, despite the continuing tensions between the US and China, showed an increase in July.

Today, the pair is trading in both directions. Investors are focused on the speech of the RBA Governor Philip Lowe and the comments of the Australian regulator on monetary policy. No concrete hints were expected from Lowe's speech on further easing of monetary policy, so the reaction of the market to it was very restrained. The head of the RBA noted the insufficiently rapid increase in inflation in the country, as well as the growth of external economic risks, primarily due to the deterioration of trade relations between China and the United States.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the correctional trend formation in the short term. MACD has reversed to growth having formed a strong buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its highs rapidly, which reflects risks of the overbought instrument in the ultra-short term.

Existing long positions should be kept until the situation clears up.

Resistance levels: 0.6830, 0.6860, 0.6883, 0.6900.

Support levels: 0.6800, 0.6747, 0.6700, 0.6675.

Trading tips

To open long positions, one can rely on the breakout of 0.6830. Take profit — 0.6933 or 0.6955. Stop loss — 0.6780.

The rebound from 0.6830 as from resistance with the subsequent breakdown of 0.6800 can become a signal to new sales with target at 0.6700 or 0.6675. Stop loss — 0.6840–0.6850.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on AUD/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, 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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: wave analysis 12.08.2019

Good afternoon, dear forum visitors!

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

The pair may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave (2), and the formation of the wave (3) began. Now, the first wave of the lower level i of 1 of (3) is forming, within which the fifth wave (v) of i is developing. If the assumption is correct, the pair will grow to the levels of 1.3360–1.3432. In this scenario, critical stop loss level is 1.3176.

Main scenario

Long positions will become relevant during the correction, above the level of 1.3176 with the targets at 1.3360–1.3432. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.3176 will let the pair go down to the levels of 1.3012–1.2910.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: wave analysis 14.08.2019

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.

The pair is in a correction and may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave 2, within which the wave ( C ) of 2 formed. Now, the development of the third wave of the higher level 3 is beginning, within which the entry wave of the lower level i of 1 has formed, and the local correction ii of 1 is developing. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.1413–1.1562. In this scenario, critical stop loss level is 1.1110.

Main scenario

Long positions will become relevant during the correction, above the level of 1.1110 with the targets at 1.1413–1.1562. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.1110 will let the pair go down to the levels of 1.1025–1.0950.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: wave analysis 16.08.2019

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.

The pair may grow.

On the daily chart, a correction of the higher level develops as the second wave 2 of (5), within which the wave b of 2 formed. Now, the development of the wave c of 2 is beginning, within which the first entry wave of the lower level i of (i) of c and the correction ii of (i) have formed. If the assumption is correct, the pair will grow to the levels of 0.7080–0.7205. In this scenario, critical stop loss level is 0.6674.

Main scenario

Long positions will become relevant during the correction, above the level of 0.6674 with the targets at 0.7080–0.7205. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 0.6674 will let the pair go down to the level of 0.6544.

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.

 

[Antony_NPBFX]

XAU/USD: gold consolidates 19.08.2019

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

On Friday, Gold prices fell, responding to a moderate increase in stock markets. The instrument was under additional pressure by the dollar, which grew despite the publication of controversial macroeconomic statistics and the threat of a recession in the US economy. However, the trade dispute between the United States and China contributed to the upward trend in gold, although the situation is not so clear. In particular, investors were optimistic about Donald Trump's statements that the trade conflict would not last long, since China was directly interested in concluding a final agreement.

Support and resistance

On the daily chart, Bollinger bands are growing steadily. The price range is narrowing, reflecting the emergence of ambiguous dynamics in the short term. The MACD indicator has reversed downwards, having formed a moderate sell signal (the histogram is below the signal line). Stochastic’s dynamic is similar, it retreats from its highs, indicating that the instrument is overbought in the short-term/short-term.

The development of correctional dynamics in the short and/or ultra-short term is possible.

Resistance levels: 1519.77, 1534.74, 1550.00.

Support levels: 1500.00, 1489.90, 1474.61, 1452.66.

Trading tips

Long positions can be opened after a rebound from the level of 1500.00 and a breakout of the level of 1519.77 with the target at 1550.00 or 1565.00. Stop loss is 1500.00.

Short positions can be opened after the breakdown of the level of 1500.00 with the target at 1452.66. Stop loss is 1519.77.

Implementation period: 2–3 days.

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.

 

[Antony_NPBFX]

EUR/USD: EUR is consolidating 21.08.2019

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 euro showed moderate growth against the US dollar on Tuesday, interrupting the development of the "bearish" trend that formed on August 13. The growth of the European currency was largely technical, since the macroeconomic background remained fairly neutral, and the old drivers remained in the spotlight of investors.

The German data on the producer price index published yesterday reflected a moderate increase of 0.1% MoM after a decrease of 0.4% MoM last month. YoY, production inflation slowed down from 1.2% to 1.1%, which met market expectations. European data on production volumes in the construction sector in June showed zero dynamics in monthly terms after a decline of 0.46% in May. YoY, the indicator grew by 1%, which is slightly worse than the previous dynamics of 2%.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range also remains fixed in a very wide range. MACD is reversing upwards preserving a sell signal (being located under the signal line). Stochastic is showing similar dynamics, preparing to leave its lower area with a buy signal.

One should look at the possibility of developing a full-fledged uptrend at the end of the week.

Resistance levels: 1.1100, 1.1112, 1.1133, 1.1160.

Support levels: 1.1064, 1.1026.

Trading tips

To open long positions, one can rely on the breakout of 1.1100–1.1112. Take profit – 1.1180 or 1.1198. Stop loss – 1.1075–1.1064.
A rebound from 1.1100, as from resistance, followed by a breakdown of 1.1075–1.1064, may become a signal for sales with the target at 1.1000. Stop loss – 1.1100.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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]

GBP/USD: GBP is correcting 23.08.2019

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 has appreciably strengthened against the US dollar on Thursday, but today again returned to decline. Strong support for the British currency was provided by the comments of German Chancellor Angela Merkel, who recalled that there is time until the end of October to conclude a deal between the UK and the EU. Earlier, French President Emmanuel Macron expressed a tougher stance, emphasizing that the EU does not intend to revise the provision on the backstop of the Irish border. He believes that only minor changes are possible in the text of the final agreement. Additional pressure on the pound on Thursday was put by the published CBI report on retail. Sales in August fell by 49% MoM to their lowest levels since December 2008. Analysts had expected a decline of only 11%.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is expanding, however, it fails to catch the development of corrective growth. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Stochastic, approaching the level of 80, is again inclined to reverse down, signaling the growing risks of the overbought pound in the ultra-short term.

The showings of the indicators do not contradict the further development of the upward trend in the short and/or ultra-short term.

Resistance levels: 1.2248, 1.2272, 1.2334, 1.2380.

Support levels: 1.2200, 1.2149, 1.2077, 1.2037.

Trading tips

To open long positions, one can rely on the breakout of 1.2272. Take profit – 1.2400 or 1.2438. Stop loss – 1.2200.

A rebound from 1.2272, as from resistance, followed by a breakdown of 1.2200, may become a signal for returning to the sales with the target at 1.2077 or 1.2037. Stop loss – 1.2250–1.2272.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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.

 

[Antony_NPBFX]

USD/CAD: the pair is trading ambiguously 26.08.2019

Good afternoon, dear forum visitors!

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

Current trend

On Friday, the USD/CAD pair fell due to a massive weakening of the US dollar after a speech by Fed Chairman Jerome Powell at the Jackson Hole Symposium. Powell noted the regulator’s readiness for new stimulation measures but stressed that he did not know the timing of their introduction, partially referring to the growth of uncertainty in the global economy.

Macroeconomic publications contributed to the development of negative dynamics in the instrument. Thus, US New Home Sales in July fell by 12.8% MoM after growth of 20.9% mom in June. In turn, the dynamics of retail sales in Canada in June was zero after a decrease of 0.2% mom last month. Analysts had expected a decline of –0.1% MoM. June Retail Sales excluding automobiles increased by 0.9% MoM after a decline of 0.4% MoM last month.

Support and resistance

On the daily chart, Bollinger Bands smoothly reverse in a horizontal plane. The price range is trying to consolidate, reflecting the ambiguous dynamics of trading in the short term. The MACD decreases, keeping a poor sell signal (the histogram is below the signal line). Stochastic reversed in a horizontal plane, located approximately in the center of its working area.

To open new trading positions for the instrument, it is better to wait for new signals from technical indicators.

Resistance levels: 1.3320, 1.3343, 1.3401.

Support levels: 1.3264, 1.3241, 1.3200, 1.3163.

Trading tips

Long positions can be opened after the breakout of 1.3320 or 1.3343 with the target at 1.3401 or 1.3430. Stop loss is 1.3290–1.3280.

Short positions can be opened after the breakdown of 1.3264–1.3241 with the target at 1.3163. Stop loss is no further than 1.3300.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on USD/CAD 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 EUR/USD, GBP/USD, USD/JPY, 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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAG/USD: silver prices rise 28.08.2019

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, silver prices rose sharply, renewing record highs from April 2017. The growth in demand was facilitated by the departure of investors into shelter assets amid a sharp increase in uncertainty in the process of trade negotiations between the US and China. Earlier this week, Trump announced the imminent resumption of negotiations, stressing that the Chinese side is interested in it. On Tuesday, the market did not receive confirmation of Trump's words, which made traders return to negative forecasts, including the development of a recession in the global economy.

The instrument is also supported by the possibility of further lowering the interest rate of the US Federal Reserve, as the Fed head Jerome Powell reminded, speaking at the Jackson Hole symposium at the end of last week.

Support and resistance

On the daily chart, Bollinger bands grow steadily. The price range actively expands but not as fast as the "bullish" moods develop. MACD grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic reached its highs and reversed into a horizontal plane, signaling that the instrument is strongly overbought in the ultra-short term.

To open new trading positions, it is better to wait until the signals are clear and keep a part of the current long positions in the ultra-short term.

Resistance levels: 18.31, 18.46, 18.62.

Support levels: 18.00, 17.87, 17.65, 17.48, 17.38.

Trading tips

Long positions can be opened after the breakout of 18.31–18.46 with the target at 19.00. Stop loss is 18.10–18.00.

Short positions can be opened after a rebound from 18.31 and the breakdown of 18.00 with the targets at 17.48–17.38 or 17.21. Stop loss is 18.31.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling XAG/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 XAG/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: the dollar is strengthening 30.08.2019

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, the USD/CHF pair rose steadily, coming close to local highs of August 23, due to the news about the possible resumption of trade negotiations between the US and China in September. In addition, investors reacted negatively to poor macroeconomic statistics from Germany, which could push the ECB to further active measures to support the European economy. In particular, in addition to a further reduction in interest rates, the European regulator is expected to start new rounds of quantitative easing.

Thursday’s US statistics did not affect the instrument significantly since it came close to its forecasts. Thus, Q2 US GDP, according to preliminary estimates, slowed down from +2.1% YoY to +2.0% YoY. Q2 GDP Price Index kept the previous dynamics of +2.5% YoY, which turned out to be slightly better than forecasts of +2.4% YoY.

Support and resistance

On the daily chart, Bollinger bands actively grow. The price range expands but not as fast as the “bullish” dynamics develop. MACD grows, keeping a moderate buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic is directed upwards but is close to its highs, which reflects that USD may become overbought in the ultra-short term.

It is better to keep current long positions until the situation becomes clear.

Resistance levels: 0.9887, 0.9905, 0.9930, 0.9945.

Support levels: 0.9860, 0.9835, 0.9796, 0.9767.

Trading tips

Long positions can be opened after the breakout of 0.9887 or 0.9905 with the target at 0.9974 or 1.0000. Stop loss – 0.9860.

Short positions can be opened after a rebound from 0.9887 and the breakdown of 0.9860 with the targets at 0.9767–0.9750. Stop loss is no further than 0.9900.

Implementation period: 2–3 days.

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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The grand prize - iPhone Xs and $2,500 - were raffled off in July. The most interesting facts about the Battle of Traders contest over the past month!

Hello, dear forum users!

July was extremely intense for the participants of the Battle of Traders contest.
A breathtaking race for the first place led the winner to the grand prize - iPhone Xs and one of the best trading results in the history of the contest. The trader with the nickname sigitsix (account No.129879) from Indonesia won the July Battle, increasing the initial deposit of $5,000 by 51 times! Read what strategy the winner used and how he is planning to trade on an NPBFX live account in the interview which is to be published soon. Congratulations to the winner! Let’s now go on to the results of the contest!

1694 traders took part in the July Battle. According to the online monitoring of the contest, only 6 participants finished trading session with a negative balance. The accounts of the majority of participants recorded a positive balance, and every 5th trader earned profit in July. 146 participants fulfilled the condition to increase the initial deposit by 30%! Which of them managed to hit top 10 and get prize funds for trading on the real account?

The best traders of the July Battle are as follows: sigitsix, graznick, ias, krockodille, Formost, Bunkol, DragoBUL, ZenFX, Xclown, TARSA73.

As can be seen from the results, 10 trades are enough for someone to get a prize, and for someone else, it is needed to close 2500 trades. How much do you need?!

NPBFX thanks all the traders who took part in the July Battle of Traders contest and informs about the beginning of the new September Battle! Registration with the contest still remains open. Hurry to use your chance, show professionalism, and experience the real emotions of the contest! Any kind of strategies are allowed.

Sign up for the Battle of Traders contest

 

[Antony_NPBFX]

$ 1000 and iPhone Xs go to a trader from Indonesia! Interview with the contest winner

Each trader has its own goals to participate in the Battle of Traders contest on demo accounts. However, the top goal for many people is to reach the prize-list and get prizes for trading Forex on real account. Sigit Setiawan - a teacher from Indonesia and the central figure of the interview - registered with the contest to increase his income. According to the results of the Battle of Traders, in July Sigit took a prestigious 1st place and won $1000, as well as the grand prize by NPBFX - iPhone Xs! It stands to mention a great professional persistence of the trader who had participated in the contest 6 times before his account topped the contest table! Sigit has been stable with his trading strategy; he has been using the Head-and-Shoulders model for technical analysis. Which trading portfolio has the winner used? What does Sigit recommend those who decide to follow his trading strategy? Read a candid interview with the winner.

- Sigit, please tell us how did you hear about the Battle of Traders contest and why did you decide to take part in it?

- I learned about the contest on the Internet and has already participated 6 times. I do not have free money to trade on real account, so I’m practicing on a demo one.

- What helped you to win in July?

- Before starting a trade, I conducted an analysis only by observing the dynamics of prices based on trend reversals, then selected certain hours for trading based on the previous price movement.

- What did you feel when you discovered that you had won?

- I was very happy to become the winner! For two years now I have been grappling with financial problems and for that reason, I was in, let’s say, a trading vacuum, having no chance to trade. The Battle of Traders contest helped me to return to trading, improve my skills, emotional control, and risk management. I am sure that the victory is my first step towards the enhancement of my financial health.

- You showed an outstanding trading result: you increased the initial deposit of $5000 by 51 times! According to the rules of the contest, NPBFX grants you not only $1000, but also a grand prize - iPhone Xs! Did you set a goal to get a grand prize or was it a pleasant surprise?

- Initially, I did not set such goal, but when I saw that, finally, I hit the top ten winners then, of course, I did my best to get a grand prize - the brand new iPhone Xs. The grand prize was an additional motivation to take the first place.

- Sigit, how quickly did you register with the Battle of Traders contest? How do you evaluate the terms of the contest at NPBFX?

- I quickly registered with the contest and, in my opinion, the terms are quite simple. You can use any trading strategy; so anyone can take part in the Battle.

- Please tell us more about your trading strategy which led you to success. What is the core of it?

- For me, the core of all strategies is about the same. I use the Head-and-Shoulders model to determine price peaks; I use various time frames, for example, H1, M30 or D1 to search for a “head” or “inverted head” for greater accuracy, and less risk of stop-loss.

- During July you closed 655 trades. The vast majority of trades were within the most liquid Forex currency pairs (pound, yen, franc, euro paired with the US dollar). What is the reason for choosing these instruments?

- When I choose a pair, I look for the most promising at the moment, in which one currency is stronger than another, such as GBPJPY.

- In July, did you trade on the contest account with the help of an adviser/robot, or did you manually manage each trade?

- In general, I trade manually, I do not really like advisers. When I trade manually, I can rely upon my analysis and correct errors in the analysis during trading.

- Sigit, if one of the traders would like to repeat your trading strategy on his account, what would you suggest to him?

- First of all, I would suggest getting a good technical knowledge base; also a solid emotional and financial control is important for successful trading.

- Do you focus more on technical or fundamental analysis when forecasting the market?

- I think that both analyzes are good and interconnected. Technical analysis is always paramount, followed by fundamental analysis. When I analyze the market and see that some position is going up, fundamental analysis can help determine what the next price movement is going to be.

- $1000 has already been credited to your NPBFX real trading account. Are you planning to use the same trading strategy on your real account as you did on the demo one?

- I’m going to use the same strategy, but I will try to change the trade volume.

- All contest accounts are presented in open-monitoring on the NPBFX website. Sigit, how useful was the monitoring during the contest for you as a participant? How often did you visit the monitoring page?

- Yes, I was monitoring the changes in the ranking of participants. I kept an eye towards the participants after me: I watched how far they fell behind me. It is quite important and useful to monitor other participants. On this basis, you can decide whether it is worth the risk or better to hold on a position.

- Sigit, tell us a little about your professional path: how long have you been trading Forex? Why did you decide to trade? What was your job before trading?

- I have been trading for 7 years. Before that, I worked as a teacher, but I quit due to the low salary. My friend told me about Forex, and I gradually began to learn the ropes, practice on a demo account, and study technical analysis. Then I borrowed money and tried to trade on a real account, but I failed. I learned to analyze anew and tried to trade on a real account, but yet again I failed. Thus lately, I have been focusing on honing my skills on a demo account, and have become a participant in the Battle of Traders contest.

- Tell us, please, what country are you from, what is the name of the city (village) where you live? Are you a family man, what are your hobbies besides trading?

- I live in the province of Kabupaten Ngawi, Indonesia, on the island of Java. In 2014, I got married, I have a child. My wife works as a teacher in Ngawi. After I quit my job, I’ve been engaged in trading and agriculture.

- In your opinion, how well the population of Indonesia aware of the Forex market, online trading opportunities?

- In my opinion, the enthusiasm and opportunities of the citizens of Indonesia are very great, especially in my region. I have examples of successful and profitable trading. The interest of the citizens is growing, and I am very pleased to be able to join the Forex business and participate in it.

- Sigit, as can be judged by monitoring, you have already become a participant in the new August Battle of Traders contest. Would you recommend your friends to join the contest?

- From the very beginning, I invited friends and relatives to join, but as they were not sure that winning is possible, they were not interested and did not believe me. After the victory, I automatically proved to them that the contest allows everyone to become a winner, so my relatives will also participate in the contest in the future. I’m planning to create a community on the Internet to share information and promote NPBFX.

- What would you wish NPBFX and participants of the next Battle of Traders contests?

- Thank you for the great contest! I would like to suggest allowing the withdrawal of the prize amount without restrictions to attract more newcomers to the contest. Many traders are not self-confident and are afraid of losing a prize.

- Sigit, thank you for participating in the contest and for the interview. We wish you new victories in the financial markets!