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[Antony_NPBFX]

XAU/USD: ambiguous dynamics 03.02.2021

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

Gold prices are showing moderate gains during today's Asian session, correcting after a strong decline the day before, which was triggered by some progress in negotiations on a new stimulus package for the US economy. In addition, USD was supported by a decrease in demand for safe assets in response to an improvement in the dynamics of the incidence of coronavirus in the world.

Today, investors will be focused on macroeconomic statistics from the US on the levels of business activity from Markit and ISM in January. In addition, much attention will be paid to the publication of the January ADP Employment Change report, which will precede Friday's data on the US labor market. Forecasts suggest that the ADP report will reflect an increase in private sector employment of 45K new jobs after a decline of 123K in the previous month.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows similar dynamics, resuming its decline after a brief period of growth. At the same time, the indicator is located near its lows, reflecting the risks of oversold instrument in the ultra-short term.

To open new positions, it is necessary to wait for the trade signals to become clear.

Resistance levels: 1850.00, 1863.34, 1875.09, 1900.00.
Support levels: 1830.00, 1811.96, 1800.00.

Trading tips

To open long positions, one can rely on the breakout of 1850.00. Take profit — 1875.09–1880.00. Stop-loss – 1835.00. Implementation time: 1-2 days.

The breakdown of 1830.00 may serve as a signal to new sales with the target at 1800.00. Stop-loss – 1850.00.

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

How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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

 

[Antony_NPBFX]

EUR/USD: updating local lows 05.02.2021

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 is showing ambiguous trend during today's Asian session, consolidating near 1.1950 and new local lows since December 1. EUR dropped significantly against USD at the end of trading on Thursday, responding to the strengthening of USD across almost the entire spectrum of the market. USD, in turn, was supported by strong macroeconomic statistics, as well as increased prospects for a faster recovery of the American economy from the crisis.

Only the data on retail sales dynamics in the eurozone provided insignificant support to EUR yesterday. In December, sales volumes increased by 2% MoM after a sharp decline of 5.7% MoM in the previous month. Analysts had expected increase by 1.6% MoM only. On an annualized basis, sales rose by 0.6% YoY, accelerating after a 2.2% YoY decline in the previous month. The market forecasts expected the indicator to grow half as much.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic keeps a confident downtrend but is located near its lows, which indicates the risks of oversold EUR in the ultra-short term.

Existing short positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up.

Resistance levels: 1.2000, 1.2052, 1.2087, 1.2120.
Support levels: 1.1930, 1.1892, 1.1850, 1.1800.

Trading tips

To open new short positions, one can rely on the breakdown of 1.1930. Take-profit – 1.1850. Stop-loss – 1.1980. Implementation time: 1-2 days.

A rebound from 1.1930 as from support followed by a breakout of 1.2000 may become a signal for new purchases with the targets at 1.2087–1.2120. Stop-loss – 1.1940.

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]

USD/JPY: USD returned to active growth 08.02.2021

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

USD is significantly strengthening against JPY during today's trading in Asia, recovering from an equally active decline at the end of last week, when USD retreated from its local highs since October 12, 2020. The instrument adds about 0.24% and is actively testing the level of 105.50 for a breakout. The strong report on the US labor market released last Friday did not help USD to end a confident eight-day rally against JPY with growth, but influenced the balance of power in the short term.

Monday's statistics from Japan are poor. Eco Watchers Survey on Current Situation in January fell from 35.5 to 31.2 points, which, however, turned out to be better than the forecasts of a decrease to 25 points. Eco Watchers Survey Outlook for the same period increased from 37.1 to 39.9 points, but failed to reach the expected values of 44.2 points.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is actively expanding, while remaining too spacious for the current activity level in the market. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, showed a decline, responding to the correctional fall of USD at the end of the last trading week.

Resistance levels: 105.60, 105.79, 106.00.
Support levels: 105.33, 105.16, 105.00, 104.75.

Trading tips

To open new long positions, one can rely on the breakout of 105.60. Take-profit – 106.00–106.20. Stop-loss – 105.33. Implementation time: 1-2 days.

The development of correctional trend with the breakdown of 105.16 may become a signal for new sales with target at 104.50. Stop-loss – 105.50.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: dollar remains under pressure 10.02.2021

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

Today during the Asian session, the USD/JPY pair is slightly strengthening, weakly compensating for the confident decline yesterday, caused by the negative sentiment of traders against the dollar.

American macroeconomic statistics are increasingly worse than experts' expectations. It shows that the US economy will take more time to recover than it was estimated earlier. It's worth noting that the US presidential administration has yet implemented its new $1.9 trillion stimulus program. Despite criticism of the new measures and opposition from the Republican Party, the aid package could give the US economy a strong upward momentum.

The data from Japan released on Wednesday did not have a noticeable impact on the instrument's dynamics. Thus, the producer price index of goods for January slowed down from +0.5% to +0.4% MoM, which coincided with market expectations. January index of domestic prices for corporate goods increased slightly from –2% to –1.6% YoY.

Support and resistance

Bollinger bands are actively growing on the daily chart. The price range is rapidly narrowing in response to a sharp change in trading direction in the short term. The MACD indicator reversed downwards and formed a new strong sell signal (the histogram is below the signal line). Stochastic shows a similar picture but is rapidly approaching its lows, indicating that USD may become oversold in the ultra-short term.

Resistance levels: 104.75, 105.00, 105.16, 105.33.
Support levels: 104.50, 104.20, 103.90, 103.60.

Trading tips

Long positions may be opened after the rebound from 104.50 and the breakout of 104.75 with the target at 105.16. Stop loss – 104.50. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 104.50 with the target at 103.90. Stop loss – 104.85.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: correction at the end of the week 12.02.2021

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

GBP declines against USD during today's Asian session, retreating from record highs updated in the middle of this week. The decrease in the instrument is due to the restoration of the positions of USD, which previously reacted negatively to the speech of the Fed Chair, Jerome Powell, who spoke in favor of maintaining a flexible monetary policy, but pointed out the damage that the pandemic has brought to the American labor market. According to the chairman of the regulator, the restoration of the labor market may take years, while additional measures of support and stimulation may be required.

Today, British investors are awaiting the publication of macroeconomic statistics from the UK. The focus will be on statistics on GDP dynamics for Q4 2020. The forecasts assume that the British economy will slow down from +16% QoQ to +0.5% QoQ.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range expands slightly from above, freeing a path to new local highs for the "bulls". MACD has reversed downwards preserving a buy signal (located above the signal line). Stochastic demonstrates similar dynamics, reversing downwards at its highs.

The appearance of a full-fledged downtrend is possible in the short and/or ultra-short term.

Resistance levels: 1.3864, 1.3900, 1.3963, 1.4000.
Support levels: 1.3760, 1.3700, 1.3650, 1.3600.

Trading tips

To open new short positions, one can rely on the breakdown of 1.3760. Take-profit – 1.3650. Stop-loss – 1.3820. Implementation time: 2-3 days.

A rebound from 1.3760 as from support followed by a breakout of 1.3864 may become a signal for new purchases with the target at 1.4000. Stop-loss – 1.3800.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD is strengthening 15.02.2021

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

USD has shown strong gains against JPY during today's Asian session, once again trying to consolidate above 105.00.

The focus is on macroeconomic statistics from Japan, which was encouraging for Japanese investors, but still did not lead to a change in the trading direction in the short term. Annual data on Japan's GDP reflected the country's economic growth in Q4 2020 by 12.7% YoY after increasing by 22.7% YoY in the previous period. Experts expected a slowdown in GDP to +9.5% YoY. In quarterly terms, the economy slowed down from +5.3% QoQ to +3% QoQ, which was also better than market expectations at +2.3% QoQ. Industrial production dynamics slightly improved from –3.2% YoY to –2.6% YoY, with market neutral forecasts.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the ambiguous nature of trading in the short/middle term. MACD indicator reverses to growth while forming a new buy signal (the histogram is about to consolidate above the signal line). Stochastic is actively recovering from its lows, indicating the prospects for the development of corrective growth of the instrument in the ultra-short term.

Current showings of the indicators do not contradict the development of the uptrend in the short term.

Resistance levels: 105.17, 105.33, 105.60, 105.79.
Support levels: 104.75, 104.50, 104.20, 103.90.

Trading tips

To open long positions, one can rely on the breakout of 105.17. Take-profit – 105.60–105.79. Stop-loss – 104.85. Implementation time: 1-2 days.

A rebound from 105.17 as from resistance, followed by a breakdown of 104.75 may become a signal for new sales with the target at 104.20. Stop-loss – 105.00.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP is consolidating 17.02.2021

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

GBP declines slightly against USD this morning session, trading below the psychological level of 1.3900. The day before, the instrument failed to consolidate at new record highs, and by the end of the afternoon session, it retreated to the opening levels. The reason for the decline was the correctional sentiment in favor of USD, while the fundamental picture is changing slightly.

GBP is feeling strong support from the conclusion of a trade agreement between the UK and the EU, and is also growing with an eye on the imminent lifting of quarantine restrictions by the British authorities in March.

Today, British investors expect the publication of January statistics on consumer inflation and producer price index. It is projected that consumer inflation in the country will show further deceleration, which will put pressure on GBP.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range expands from above, freeing a path to new local highs for the "bulls". MACD indicator tries to reverse downwards and to form a new sell signal (the histogram has to consolidate below the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating strongly overbought GBP in the ultra-short term.

The appearance of a full-fledged downtrend is possible in the short and/or ultra-short term.

Resistance levels: 1.3900, 1.3950, 1.4000, 1.4068.
Support levels: 1.3861, 1.3800, 1.3760, 1.3700.

Trading tips

To open new short positions, one can rely on the breakdown of 1.3861. Take-profit – 1.3760. Stop-loss – 1.3920. Implementation time: 2-3 days.

A rebound from 1.3861 as from support followed by a breakout of 1.3900 may become a signal for new purchases with the target at 1.4000. Stop-loss – 1.3845.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: ambiguous trading 19.02.2021

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 is showing ambiguous trading during today's Asian session, consolidating near 1.2100 after the instrument retraced the day before. The reason for yesterday's resumption of "bullish" trend was the disappointing data from the US. Initial Jobless Claims for the week ending February 12 again showed an increase from 848K to 861K, while analysts expected their reduction to 765K. Continuing Jobless Claims for the week ending February 5 fell from 4.558M to 4.494M, which fell short of the most optimistic forecasts of 4.413M. Thus, investors are again convinced that it is still somewhat premature to talk about the beginning of a confident recovery of the American economy. As Jerome Powell said, it will take years for the labor market to return to its previous levels.

The focus of European investors today is statistics on business activity in the manufacturing and services sectors in Germany and the eurozone for February.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD has reversed towards growth without forming a buy signal (located below the signal line). Stochastic shows similar dynamics, reversing upwards near the level of "20". Current readings of the indicator signal in favor of a corrective growth in the ultra-short term.

Resistance levels: 1.2100, 1.2150, 1.2200.
Support levels: 1.2052, 1.2022, 1.2000, 1.1951.

Trading tips

To open long positions, one can rely on a confident breakout of 1.2100. Take-profit – 1.2150. Stop-loss – 1.2070. Implementation time: 1-2 days.

A rebound from 1.2100 as from resistance followed by a breakdown of 1.2052 may become a signal for new sales with the target at 1.2000. Stop-loss – 1.2080.

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]

XAU/USD: gold retreats from record lows 22.02.2021

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

Gold prices are showing a slight increase during today's trading, developing a corrective impetus that formed at the end of last week. Last Friday, the instrument renewed record lows since early July 2020, but was able to recover due to corrective sentiment in the market and weak positions in USD, which remained under pressure from weak data on the US labor market.

In turn, the general excitement in the market is putting strong pressure on the position of "safe" gold. High yield on US Treasury bonds provokes further growth in demand for risky assets. The improvement of the epidemiological situation in the USA and in the world also helps. Countries are gradually lifting the quarantine restrictions as vaccination campaigns spread and accelerate.

Support and resistance

Bollinger Bands in D1 chart demonstrate a weak downtrend. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD has reversed upwards preserving a sell signal (located below the signal line). Stochastic is acting more aggressively and, having demonstrated a rebound from the lows, is currently signaling in favor of the development of uptrend in the nearest future.

A full-fledged correctional growth is possible in the short and/or ultra-short term.

Resistance levels: 1800.00, 1810.29, 1830.00, 1850.00.
Support levels: 1769.59, 1753.57, 1735.13, 1720.00.

Trading tips

To open long positions, one can rely on the breakout of 1800.00. Take-profit – 1830.00. Stop-loss – 1785.00. Implementation time: 1-2 days.

The return of "bearish" trend with the breakdown of 1769.59 may become a signal for new sales with the target at 1735.13. Stop-loss – 1785.00.

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

How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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

 

[Antony_NPBFX]

GBP/USD: updating record highs 24.02.2021

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

GBP maintains strong upside momentum against USD in the short term, hitting record highs since April 2018 during today's Asian session.

Investors reacted very optimistically to the televised address of British Prime Minister Boris Johnson, who announced the lifting of quarantine in the country closer to July. Meanwhile, the UK is steadily increasing the pace of vaccination, currently occupying the third place in the world. To date, more than a quarter of the total population has been vaccinated, and in the near future, the rate of vaccination is likely to only increase.

Today, investors are focused on the Monetary Policy Report Hearings, which is an important factor for the Bank of England's decision to further stimulate the national economy.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding from above, but it fails to catch the surge of "bullish" sentiment at the moment. MACD indicator is growing, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into the horizontal plane, indicating strongly overbought GBP in the ultra-short term.

A full-fledged downward correction for the instrument is possible towards the end of the current trading week.

Resistance levels: 1.4200, 1.4275, 1.4375.
Support levels: 1.4150, 1.4100, 1.4050, 1.4000.

Trading tips

To open corrective sales, one can rely on the instrument's rebound from the current resistance levels, followed by a breakdown of 1.4100. Take-profit – 1.4000. Stop-loss – 1.4160. Implementation time: 2-3 days.

New long positions may be opened after breakout of 1.4200. Take-profit – 1.4350-1.4375. Stop-loss – 1.4130.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR is under pressure 26.02.2021

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 is trading in both directions against USD during today's Asian session. At the opening of trading, the pair was steadily declining; however, EUR managed to win back half of its losses, receiving support from vulnerable positions in USD.

The pressure on USD intensified yesterday after the US Fed Chair Jerome Powell reiterated the regulator's adherence to a soft monetary policy, noting that there are no talks about its correction towards tightening in the near future at all. In turn, USD was supported on Thursday by strong data from the US on the dynamics of jobless claims, which turned out to be much better than projected.

Today, investors are focused on statistics from the USA on the dynamics of personal income and spending in January. In addition, after the opening of the American session, the market will receive data on the PMI in Chicago and the level of consumer sentiment from the University of Michigan for February.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is slightly expanding from above, remaining spacious enough for the current activity level in the market. MACD has reversed downwards preserving a buy signal (located above the signal line). Stochastic, having shown a rebound from its highs develops a downtrend, signaling in favor of the development of a corrective decline in EUR in the ultra-short term.

Resistance levels: 1.2200, 1.2234, 1.2271, 1.2300.
Support levels: 1.2150, 1.2100, 1.2052, 1.2022.

Trading tips

To open short positions, one can rely on the breakdown of 1.2100. Take-profit – 1.2022–1.2000. Stop-loss – 1.2150. Implementation time: 2-3 days.

The return of the "bullish" trend to the market with the breakout of 1.2200 may become a signal for new purchases with the target of 1.2300. Stop-loss – 1.2150.

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]

USD/JPY: consolidation pending new drivers 1.03.2021

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

USD is flat against JPY in Asian trading today, consolidating near its record highs since August 2020. USD received a powerful impetus to growth at the end of the last trading week, as investors were actively selling risky assets amid correction in the bond market. The instrument was additionally supported by good macroeconomic statistics from the USA, which was quite close to its forecasts.

Today, JPY is in demand after the publication of data from Japan. Jibun Bank Manufacturing PMI in February rose from 50.6 to 51.4 points, which turned out to be better than market forecasts. Tomorrow, Japanese investors are expecting the release of the January data on the labor market, in particular, the unemployment rate.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding from above, but it fails to catch the surge of "bullish" sentiment at the moment. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic, having approached its highs is reversing into a horizontal plane, indicating risks of overbought USD in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up.

Resistance levels: 106.69, 107.00, 107.42, 107.78.
Support levels: 106.25, 106.00, 105.75, 105.40.

Trading tips

To open long positions, one can rely on a confident breakout of 106.69. Take-profit – 107.78. Stop-loss – 106.00. Implementation time: 2-3 days.

A rebound from 106.69 as from resistance, followed by a breakdown of 106.25 may become a signal for new sales with the target at 105.40. Stop-loss – 106.69.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: ambiguous trading dynamics 3.03.2021

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

NZD is showing ambiguous trading dynamics against USD, hovering around 0.7300. The market is again seeing a rise in demand for safe assets as bond market yields rise, which have been the subject of the fiercest discussions recently. In particular, the ECB noted yesterday that the recent surge in securities yields was largely unfounded, and the regulator will try to adjust its quantitative easing program. Earlier, the RBA announced similar plans.

In turn, the published macroeconomic statistics are increasingly ambiguous. Building Permits in New Zealand in January slowed down from +5.1% MoM to +2.1% MoM, which turned out to be worse than average expectations. ANZ Commodity Price in February corrected from +3.6% MoM to +3.3% MoM. Statistics from China were also disappointing. In February, the Caixin Services PMI slowed from 52 to 51.5 points.

Support and resistance

Bollinger Bands in D1 chart show unsteady growth. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, having reached the level of "20", reversed into an upward plane, indicating the prospects for the development of corrective growth in the nearest future.

Resistance levels: 0.7305, 0.7350, 0.7393, 0.7435.
Support levels: 0.7250, 0.7222, 0.7200, 0.7150.

Trading tips

To open long positions, one can rely on the breakout of 0.7305. Take-profit – 0.7393. Stop-loss – 0.7250. Implementation time: 2-3 days.

A rebound from 0.7305 as from resistance, followed by a breakdown of 0.7250 may become a signal for new sales with the target at 0.7150. Stop-loss – 0.7305.

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.

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

 

[Antony_NPBFX]

USD/CHF: trading at record highs 5.03.2021

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 is marginally higher against CHF during today's Asian session, consolidating near record highs since July 2020, updated the day before. Investors continue to show high interest in "safe" assets, responding to the controversial situation in the bond market and fearing the introduction of new measures from leading financial regulators.

In particular, the attention of market participants on Thursday was focused on the speech of the US Fed Chair, Jerome Powell. The Chairman of the American regulator made a very optimistic speech, practically without touching upon the urgent topic of growth in the yield of US Treasury bonds. The official noted that the early opening of the economies will lead to a noticeable increase in inflation, which serves as one of the main guidelines for maintaining minimum interest rates. Immediately after Powell's speech, bond yields rallied again, pushing the major Wall Street indices down.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to catch the development of "bullish" trend at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought USD in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up.

Resistance levels: 0.9300, 0.9350, 0.9400.
Support levels: 0.9250, 0.9200, 0.9163, 0.9126.

Trading tips

To open long positions, one can rely on the breakout of 0.9300. Take-profit – 0.9400. Stop-loss – 0.9250. Implementation time: 1-2 days.

A rebound from 0.9300 as from resistance followed by a breakdown of 0.9250 may become a signal for new sales with the targets at 0.9126–0.9100. Stop-loss – 0.9320.

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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: consolidation at 0.7700 08.03.2021

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 shows ambiguous dynamics of trading against USD during today's Asian session, consolidating at 0.7700. The instrument is again under pressure after last Friday's publication of strong data on US employment, which turned out to be significantly better than expectations. In addition, investors were enthusiastic about the success of the US Senate vote on new measures to support the US economy. President Joe Biden's bill was approved in the Senate by a margin of only one vote, but before that senators had made many amendments to the law. Now the American Rescue Plan has to return to the House of Representatives of the US Congress, after which it will be able to get signed by Joe Biden.

Some support for AUD at the beginning of the new week is provided by good macroeconomic indicators from China. In particular, exports from China in February grew by a record 60.6% YoY, which was more than 1.5 times better than expectations.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly expanding, remaining spacious enough for the current activity level in the market. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic, having approached the level of "20", reversed into a horizontal plane, indicating that the instrument is oversold in the nearest future.

Resistance levels: 0.7721, 0.7750, 0.7780, 0.7804.
Support levels: 0.7675, 0.7641, 0.7600, 0.7556.

Trading tips

To open long positions, one can rely on the breakout of 0.7721. Take-profit – 0.7780–0.7804. Stop-loss – 0.7675. Implementation time: 1-2 days.

A rebound from 0.7721 as from resistance, followed by a breakdown of 0.7675 may become a signal for new sales with the target at 0.7600. Stop-loss – 0.7721.

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]

USD/CHF: USD wins back its losses 10.03.2021

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 is recovering against CHF during today's Asian session, recouping losses on Tuesday, when USD showed a decline across almost the entire spectrum of the market, responding to the correction in US bond yields. Macroeconomic statistics from Europe published yesterday did not have a noticeable impact on the instrument's dynamics. Eurozone GDP in Q4 2020 decreased by 0.7% QoQ after declining by 0.6% QoQ according to previous results. In annual terms, the rate of decline in the region's economy was revised from –5% YoY to –4.9% YoY.

Today, investors are focused on statistics from the US on the dynamics of consumer prices in February. Analysts do not expect a significant increase in inflation, but the indicators are extremely important, since they are used by the US Fed to determine the vector of monetary policy.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowed from below, being spacious enough for the current activity level in the market. MACD is reversing downwards forming a new sell signal (trying to consolidate below the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought USD in the ultra-short term.

Current showings of the indicators do not contradict the further development of the correctional decline in the short term.

Resistance levels: 0.9300, 0.9350, 0.9400, 0.9450.
Support levels: 0.9250, 0.9200, 0.9163, 0.9126.

Trading tips

To open new short positions, one can rely on the breakdown of 0.9250. Take-profit – 0.9163. Stop-loss – 0.9300. Implementation time: 1-2 days.

The return of the "bullish" trend to the market with the breakout of 0.9350 may become a signal for new purchases with the target of 0.9450. Stop-loss – 0.9300.

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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP is testing 1.4000 12.03.2021

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

GBP is slightly declining against USD during today's morning session, having managed to update local highs since March 4 and touch the level of 1.4000.

The pair is under pressure from strong statistics on the dynamics of jobless claims, published in the US the day before. For the week ending March 5, the number of initial jobless claims decreased from 754K to 712K, which turned out to be better than the expected 725K. The number of continuing jobless claims fell from 4.337M to 4.144M, also beating forecasts of 4.22M.

Investors are reluctant to open new positions on the instrument, preferring to wait for the release of macroeconomic data from the UK on industrial production and GDP dynamics for January.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is gradually narrowing from above, reflecting the emergence of ambiguous dynamics in the short/ultra-short term. MACD has reversed to growth having formed quite a strong buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought GBP in the ultra-short term.

Resistance levels: 1.4000, 1.4050, 1.4100, 1.4150.
Support levels: 1.3924, 1.3857, 1.3800, 1.3760.

Trading tips

To open long positions, one can rely on the breakout of 1.4000. Take-profit – 1.4100. Stop-loss – 1.3950. Implementation time: 2-3 days.

A rebound from 1.4000 as from resistance, followed by a breakdown of 1.3924 may become a signal for new sales with the target at 1.3800. Stop-loss – 1.4000.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

 

[Antony_NPBFX]

USD/JPY: return to the record highs 15.03.2021

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

USD continues to rally against JPY during today's morning session, trading near record highs and again trying to consolidate above the psychological level of 109.00. USD is in high demand amid yet another rise in the yield on US Treasury bonds. In addition, low demand for safe assets puts additional pressure on JPY.

Macroeconomic statistics from Japan published today does not have a significant impact on the dynamics of the instrument. Machinery Orders in Japan in January decreased by 4.5% MoM after growth by 5.2% MoM in the previous month. Analytical forecasts assumed a decrease in the indicator by 5.5% MoM. On an annualized basis, the indicator slowed sharply from +11.8% YoY to +1.5% YoY, which nevertheless was better than the negative forecasts of analysts at –0.2% YoY.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic reversed upwards again after a short decline last week. The indicator readings continue to indicate that USD is overbought in the ultra-short term.

Current showings of the indicators do not contradict the further development of the "bullish" trend in the short term.

Resistance levels: 109.37, 109.84, 110.23.
Support levels: 109.00, 108.63, 108.15, 107.78.

Trading tips

To open long positions, one can rely on the breakout of 109.37. Take-profit – 110.23. Stop-loss – 108.85. Implementation time: 1-2 days.

A rebound from 109.37 as from resistance, followed by a breakdown of 109.00 may become a signal for new sales with the target at 108.15. Stop-loss – 109.50.

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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: awaiting the Fed meeting minutes 17.03.2021

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

Gold prices are showing moderate gains during today's morning trading session, recovering to local highs since March 1, updated the day before.

Investors are in no hurry to open new trading positions, preferring to wait for comments from the US Federal Reserve, whose minutes will be published today. It is expected that the American regulator will not change the parameters of monetary policy, and will also reiterate its commitment to low interest rates for a long time. To assess the prospects for changing the vector of monetary policy, employment indicators are used, as well as the current dynamics of inflationary pressures in the market, taking into account the size of the economic stimulus program from President Joe Biden.

Gold is slightly supported by stabilization of US bond yields, which, however, continue to remain near record highs.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing from above, reflecting the multidirectional dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought gold in the ultra-short term.

Current showings of the indicators do not contradict the further development of the uptrend in the short term.

Resistance levels: 1741.02, 1753.57, 1769.59, 1800.00.
Support levels: 1720.00, 1703.07, 1687.15, 1675.00.

Trading tips

To open long positions, one can rely on the breakout of 1741.02. Take-profit – 1769.59. Stop-loss – 1725.00. Implementation time: 1-2 days.

A rebound from 1741.02 as from resistance, followed by a breakdown of 1720.00 may become a signal for new sales with the targets at 1687.15–1675.00. Stop-loss – 1741.02.

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

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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]

GBP/USD: return to the previous levels 19.03.2021

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

GBP is showing ambiguous performance against USD today, consolidating around 1.3920.

Market activity is gradually decreasing, and investors are trying to fix their profits after a number of publications and events during the week. The decision of the Bank of England on the interest rate released on Thursday had practically no effect on the dynamics of the instrument, which still reacts to the yield of American bonds. The board members of the British regulator once again voted unanimously to keep the current rate at 0.1%. The volume of the quantitative easing program also remained unchanged at GBP 895B.

Insignificant support for GBP on Friday was provided by the data on the level of consumer confidence in the UK in March. According to data from Gfk, the Consumer Confidence index rose from –23 to –16 points, which turned out to be better than forecasts at the level of –20 points.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, on the other hand, maintains an uptrend and reacts very slowly to the appearance of "bearish" trend in the last few days.

To open new positions, it is necessary to wait for the trade signals to become clear.

Resistance levels: 1.3924, 1.4000, 1.4050, 1.4100.
Support levels: 1.3857, 1.3800, 1.3760, 1.3700.

Trading tips

The breakdown of 1.3857 may serve as a signal to new sales with the target at 1.3760. Stop-loss – 1.3900. Implementation time: 1-2 days.

To open long positions, one can rely on the rebound from the support level of 1.3857 with the subsequent breakout of 1.3924. Take-profit – 1.4050. Stop-loss – 1.3857.

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 GBP/USD and trade efficiently with NPBFX.