NPBFX - making money with us since 1996!

[Antony_NPBFX]

EUR/USD: European currency remains under pressure 29.09.2021

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

During the Asian session, the EUR/USD pair shows ambiguous dynamics, consolidating at 1.1700.

USD grows due to the "hawkish" rhetoric of the US Federal Reserve officials. Investors hope that the regulator may announce the start of curtailing the quantitative easing (QE) program as early as November 3. Labor market indicators are fairly stable, but inflationary pressures continue to grow. These factors can be a catalyst for a positive decision to start reducing incentives.

In turn, the results of the speech of the head of the European Central Bank (ECB), Christine Lagarde, had moderate pressure on the euro on Tuesday. Among other things, she noted that inflation in the EU shows no signs of widespread growth. The market perceived this statement as the agency's unwillingness to rush to curtail the existing measures to support the economy.

Support and resistance

On the daily chart, Bollinger Bands steadily decline. The price range narrows, reflecting the emergence of ambiguous trading dynamics in the short term. MACD also rushed downwards, maintaining a poor sell signal (the histogram is below the signal line). Stochastic, which reversed downwards at the beginning of the week, rapidly approaches its lows, indicating that EUR may become oversold in the ultra-short term.

Resistance levels: 1.1700, 1.1754, 1.1800, 1.1850.
Support levels: 1.1650, 1.1600, 1.1546, 1.1500.

Trading tips

Long positions can be opened after the breakout of 1.1700 with the target at 1.1800. Stop loss – 1.1650. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of 1.1650 with the target at 1.1546. Stop loss – 1.1700.

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]

EUR/USD: EUR is preparing to end the week with a decline 01.10.2021

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 demonstrates flat trading dynamics against USD during the Asian session, consolidating near new local lows since July 23, 2020, updated the day before. The instrument is trading near 1.1575, trying to go into corrective growth after a whole week of failures. One of the factors that would contribute to the recovery of EUR may be statistics from the eurozone on inflation. Analysts expect the September consumer price data to show moderate growth from 3% to 3.3%, raising hopes for possible monetary tightening by the European Central Bank (ECB) in the foreseeable future.

The data released yesterday in Germany turned out to be ambiguous. The Unemployment Rate in the country remained at 5.5% in September, while the Unemployment Change fell by 30K (in August, the decline was 53K). At the same time, the Consumer Price Index showed zero dynamics in September, while the annualized Harmonized Index of Consumer Prices accelerated from +3.4% to +4.1% YoY.

Support and resistance

Bollinger Bands on the daily chart are showing a steady decline. The price range is expanding, but fails to keep pace with the development of the “bearish” trend at the moment. The MACD indicator is going down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, having reached its lows, reversed into a horizontal plane, indicating the risks of EUR being oversold in the ultra-short term.

Resistance levels: 1.1600, 1.1650, 1.1700, 1.1754.
Support levels: 1.1546, 1.1500, 1.1460, 1.1400.

Trading tips

To open long positions, one can rely on the rebound from 1.1546 as from support, followed by a breakout of 1.1600. Take-profit – 1.1700. Stop-loss – 1.1546. Implementation time: 2-3 days.

A confident breakdown of 1.1546 may become a signal for new sales with the target at 1.1460. Stop-loss – 1.1600.

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]

USD/JPY: statistics from Japan could not support quotes 04.10.2021

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 shows corrective gains against JPY in Asian trading, again trying to consolidate above the psychological level of 111.00.

USD retreated from record highs since February 2020 last week after a strong rally fueled by the growing confidence of traders that the US Fed will resort to reducing the quantitative easing program before the end of this year. In addition, investors avoided unnecessary risks associated with the Japanese prime minister's election, which was won by the leader of the Liberal Democratic Party, Fumio Kishida, who now has to determine the composition of the government.

Last Friday's macroeconomic statistics from Japan was moderately optimistic. Tankan Large Manufacturing index increased from 14 to 18 points in Q3 2021, while analysts expected it to decline to 13 points. Consumer Confidence Index in September strengthened from 36.7 to 37.8 points, which also turned out to be better than investors' forecasts at 37 points. The Unemployment Rate in August remained at 2.8%, contrary to forecasts of growth to 2.9%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the flat dynamics of trading in the short term. MACD reversed towards declining, having formed a new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD in the ultra-short term.

Resistance levels: 111.10, 111.34, 111.70, 112.00.
Support levels: 110.87, 110.68, 110.29, 110.00.

Trading tips

To open long positions, one can rely on the rebound from the support level of 110.87 with the subsequent breakout of 111.10. Take-profit – 111.70. Stop-loss – 110.87. Implementation time: 1-2 days.

The breakdown of 110.87 may serve as a signal to new sales with the target at 110.29. Stop-loss – 111.20.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR returns to local lows 06.10.2021

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 a moderate decline against USD during the Asian session, returning to local lows and testing the level of 1.1600 for a breakdown.

Investors are again actively buying USD after an attempt at correction at the end of last week, when trading participants preferred to close a significant part of long positions in USD, fixing profits. USD, as before, is supported by expectations of the imminent start of tightening of monetary policy by the US Fed, while the European Central Bank (ECB) is still taking a wait-and-see attitude. The growth of fears about the prospects for further recovery of the world economy is also having an effect.

Macroeconomic statistics from Europe published yesterday turned out to be mixed. Markit Services PMI in the eurozone in September grew insignificantly from 56.3 to 56.4 points with a neutral forecast. The Composite PMI also recorded the minimum increase from 56.1 to 56.2 points over the same period.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD returns towards declining preserving a buy signal (located above the signal line). Stochastic is showing more confident growth and has not yet responded to the resumption of the decline in the instrument over the past few days.

Resistance levels: 1.1600, 1.1650, 1.1700, 1.1754.
Support levels: 1.1546, 1.1500, 1.1460, 1.1422.

Trading tips

To open new short positions, one can rely on the breakdown of 1.1546. Take-profit – 1.1460. Stop-loss – 1.1600. Implementation time: 1-2 days.

A rebound from 1.1546 as from support followed by a breakout of 1.1600 may become a signal for new purchases with the target at 1.1700. Stop-loss – 1.1546.

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]

GBP/USD: GBP is testing 1.3600 again 08.10.2021

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 trading with multidirectional dynamics against USD today, holding near 1.3600, where the instrument was trying to consolidate at the beginning of the week.

Market activity remains low due to the fact that investors are reluctant to open new positions ahead of the weekend and the publication of the September US labor market report. Yesterday, the instrument managed to show moderate growth and won back most of the positions it lost on Wednesday. The surge in "bullish" sentiment is partly due to some improvement in the situation with the energy crisis in Europe. After the statements of the President of the Russian Federation Vladimir Putin about the increase in supplies through the territory of Ukraine, the gas price in Europe fell by half.

Another positive factor for GBP was the upbeat macroeconomic statistics from the UK. Halifax House Prices in September rose by 1.7% MoM after falling by 0.8% MoM in August. Analysts did not expect the indicator to change. Today, investors are focused on the quarterly report of the Bank of England, as well as the minutes of the regulator's meeting on the financial policy.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is narrowed from above, being spacious enough for the current activity in the market. MACD indicator grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reverses downwards, reflecting the risks of overbought GBP in the ultra-short term.

Resistance levels: 1.3650, 1.3700, 1.3750, 1.3800.
Support levels: 1.3600, 1.3552, 1.3500, 1.3450.

Trading tips

To open long positions, one can rely on the breakout of 1.3650. Take-profit – 1.3750. Stop-loss – 1.3600. Implementation time: 2-3 days.
The return of a "bearish" trend with the breakdown of 1.3552 may become a signal for new sales with the target at 1.3450. Stop-loss – 1.3600.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: US dollar reaches record highs 11.10.2021

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 grows steadily, renewing record highs since December 2018.

Investors are focused on the US labor market report for September, published last Friday. The ambiguous statistics did not greatly affect the dynamics of the asset, in which the dollar is still the clear leader. The data reflected positive wage growth and overall unemployment results but was disappointing by the slower growth of new jobs outside the agricultural sector (194K versus the expected 500K). Investors did not react to the negative dynamics, reasonably believing that it would not affect the plans of the US Federal Reserve to start tightening monetary policy soon.

On Friday, some support for the yen was provided by moderately optimistic macroeconomic statistics from Japan. Thus, the forecast for the development of events from Eco Watchers for September confidently rose from 43.7 to 56.6 points, which was noticeably better than market expectations of 45.8 points. The index of the current situation for the same period has strengthened from 34.7 to 42.1 points.

Support and resistance

Bollinger bands grow steadily on the daily chart. The price range actively narrows but not as fast as the “bullish” sentiments have developed in recent days. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward trend but is near its highs, indicating that USD may become overbought in the ultra-short term.

Resistance levels: 113.00, 113.50, 114.00.
Support levels: 112.06, 111.19, 110.81, 110.43.

Trading tips

Long positions may be opened after the breakout of 113.00 with the target at 114.00. Stop loss – 112.50. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 113.00 and the breakdown of 112.50 with the target at 111.50. Stop loss – 113.00.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Brent Crude Oil: multidirectional trading dynamics 13.10.2021

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

Prices for Brent Crude Oil are trading in different directions after renewing three-year highs earlier this week.

Quotes continue to demonstrate steady growth amid the arrival of alarming publications that indicate a slowdown in the recovery of world economies and an expansion of the crisis in the energy market. Investors fear that against the backdrop of record electricity and natural gas prices in Europe, some power plants will be forced to use petroleum products to generate electricity, which will only exacerbate the current shortage. At the same time, OPEC+ is still abandoning the idea of a sharp increase in the production of "black gold". The cartel decided to stick to its target values, fearing sharp fluctuations and hoping to maintain a balance of supply and demand in the market.

Today, in addition to US statistics on consumer inflation for September, the focus of traders' attention is on the report of the American Petroleum Institute (API), which will reflect energy reserves as of the week of October 8. It should be recalled that there was a slight increase by 0.951 million barrels.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowing, staying spacious enough for the current activity level in the market. MACD reversed towards declining, having formed a new sell signal (located below the signal line). Stochastic, having once again reached the level of 80, reversed horizontally and signaled a strong overbought instrument in the ultra-short term.

There's a possibility of a full-fledged downtrend in the nearest time.

Resistance levels: 83.50, 84.18, 85.00.
Support levels: 82.50, 81.76, 81.00, 80.00.

Trading tips

To open short positions, one should wait for the confident breakdown of 82.50. Take-profit — 81.00 Stop loss – 83.50. Implementation period: 1-2 days.

A rebound from 82.50 as from support followed by a breakout of 83.50 may become a signal for new purchases with the target at 85.00. Stop loss – 82.50.

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: weak statistics does not impede the growth of the pair 15.10.2021

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 has been showing mixed performance against USD during the Asian session, consolidating near 0.7420 and updating local highs from September 7. Some support for the instrument is still provided by the rather vulnerable positions of USD: investors are in no hurry to open new positions, waiting for action from the US Fed to raise the interest rate in the near future.

The growth of AUD yesterday was not impeded by weak statistics from Australia on the labor market, which indicated a drop in Employment Change by 138K in September after falling by 146.3K in August. At the same time, the Unemployment Rate rose from 4.5% to 4.6%, which, however, turned out to be better than negative forecasts of an increase to 4.8%.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range is expanding but it fails to conform to the surge of "bullish" activity at the moment. MACD indicator grows, preserving a stable buy signal (located above the signal line). Stochastic retains an upward direction but is located in close proximity to its highs, which indicates the overbought AUD in the ultra-short term.

Resistance levels: 0.7440, 0.7500, 0.7550.
Support levels: 0.7408, 0.7374, 0.7328, 0.7287.

Trading tips

To open long positions, one can rely on the breakout of 0.7440. Take-profit – 0.7500. Stop-loss – 0.7408. Implementation time: 1-2 days.

A rebound from 0.7440 as from resistance, followed by a breakdown of 0.7408 may become a signal for new sales with the target at 0.7328. Stop-loss – 0.7450.

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/CHF, USD/JPY. 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]

NZD/USD: consolidation after last week's growth 18.10.2021

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 performance against USD during this morning session, consolidating at 0.7070.

The trading instrument has already managed to update the local highs of September 16, responding to the publication of strong macroeconomic statistics from New Zealand. Business NZ PSI in September rose from 35.4 to 46.9 points, which was better than the market average forecasts. The Consumer Price Index for Q3 2021 added 2.2% QoQ, showing a significant breakthrough from the previous 1.3% QoQ, while analysts hoped it only to strengthen within 1.4% QoQ. On an annualized basis, price growth accelerated from +3.3% YoY to a record +4.9% YoY, outstripping the already bold forecasts of a 4.1% YoY increase.

Investors believe that such a strong surge in inflationary pressures in the country will force the Reserve Bank of New Zealand (RBNZ) to speed up decisions on changes in the country's monetary policy. However, it is worth recalling that the New Zealand regulator was one of the first to raise the key rate by 0.25% in early October.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the development of "bullish" sentiments at the moment. MACD is also growing, maintaining a strong buy signal, being located above the signal line. Stochastic, having approached its highs, is also trying to reverse into a descending plane, indicating the risks of overbought NZD in the ultra-short term.

Resistance levels: 0.7100, 0.7150, 0.7200, 0.7250.
Support levels: 0.7040, 0.7000, 0.6950, 0.6900.

Trading tips

To open long positions, one can rely on the breakout of 0.7100. Take-profit – 0.7200. Stop-loss – 0.7040. Implementation time: 1-2 days.

A rebound from 0.7100 as from resistance followed by a breakdown of 0.7040 may become a signal for new sales with the target at 0.6950. Stop-loss – 0.7100.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD consolidates near 2017 highs 20.10.2021

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 showing modest gains against JPY, holding near new record highs from November 2017.

The instrument is testing 114.50 for a breakout; however, the "bullish" impetus for USD has noticeably weakened since the beginning of the week, responding to the appearance of not the most optimistic macroeconomic statistics from the US. Data came out on Monday, indicating a sharp decline in industrial production in September by 1.3% MoM, while analysts expected an increase of +0.2% MoM. Experts point out that the decline in industrial production is caused by problems with supply chains, as well as a noticeable increase in energy prices in Europe and Asia.

Meanwhile, JPY was supported by data from Japan on exports and imports. Export volumes rose 13% YoY in September after rising 26.2% YoY a month earlier, while analysts had projected +11% YoY. Imports for the same period grew by 38.6% YoY, slowing down from +44.7% YoY in August. The indicator again turned out to be better than market forecasts at 34.4% YoY.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range expands, freeing a path to new record highs for the "bulls". MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic has been near its highs for a long time, signaling strongly overbought USD in the ultra-short term.

Resistance levels: 115.00, 115.50, 116.00.
Support levels: 114.50, 114.00, 113.50, 113.00.

Trading tips

To open long positions, one can rely on the breakout of 115.00. Take-profit – 116.00. Stop-loss – 114.50. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 114.00 may become a signal for new sales with the target at 113.00. Stop-loss – 114.50.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD is correcting at the end of the week 22.10.2021

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 trading marginally higher against JPY in Asia, consolidating at 114.00. The day before, USD/JPY showed a moderate decline, retreating from its record highs and renewing the local lows of October 14, as at the end of the week there are quite strong corrective sentiments in the market. At the same time, a more confident decline in USD yesterday was hampered by optimistic statistics from the US on the dynamics of initial and continuing jobless claims. The number of initial jobless claims was only 290K, while analysts expected an increase to 300K.

Today, JPY is moderately supported by the Japanese macroeconomic data. National Consumer Price Index in September rose by 0.2% YoY after falling by 0.4% YoY in August. Analysts had expected an even more confident fall in prices by 0.8% YoY. Jibun Bank Manufacturing PMI rose from 51.5 to 53 points, which was also better than the forecasts at 51.4 points.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic is showing a downtrend being located in the middle of its area.

Resistance levels: 114.00, 114.50, 115.00, 115.50.
Support levels: 113.50, 113.00, 112.06, 111.19.

Trading tips

To open long positions, one can rely on the breakout of 114.50. Take-profit – 115.50. Stop-loss – 114.00. Implementation time: 2-3 days.

The breakdown of 113.50 may serve as a signal to new sales with the target at 112.06. Stop-loss – 114.00.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

AUD/USD: correction after decline at the end of the week 25.10.2021

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 is showing corrective gains against USD, recovering from a moderate decline at the end of last week and preparing to test 0.7500 for a breakout; however, there are still few fundamental reasons for the instrument's growth.

Last week, the Chair of the US Federal Reserve, Jerome Powell, reiterated the regulator's commitment to a gradual tightening of monetary policy through a reduction in the quantitative easing (QE) program, which the Fed plans to fully complete by mid-2022. With regard to a potential increase in interest rates, the current inflation rate is significantly shortening the time frame, and there are no reasons for a slowdown in price growth so far.

Meanwhile, the activity of the US manufacturing sector, according to published data, is already starting to decline. Markit Manufacturing PMI in October fell from 60.7 to 59.2 points against the forecast at 60.3 points.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the appearance of ambiguous dynamics of trading in the short term. MACD is trying to reverse upwards but preserves its previous sell signal (located below the signal line). Stochastic is showing a more confident downtrend, still signaling in favor of the development of a corrective decline in the ultra-short term.

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

Resistance levels: 0.7500, 0.7550, 0.7600, 0.7650.
Support levels: 0.7440, 0.7408, 0.7374, 0.7328.

Trading tips

To open long positions, one can rely on the breakout of 0.7500. Take-profit – 0.7600. Stop-loss – 0.7440. Implementation time: 1-2 days.

The breakdown of 0.7440 may serve as a signal to new sales with the target at 0.7328. Stop-loss – 0.7500.

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/CHF, USD/JPY. 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.

 

[FinnCopeley]

hm, top thread! great info thv

 

[Antony_NPBFX]

EUR/USD: EUR is consolidating near 1.1600 27.10.2021

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 shows ambiguous dynamics of trading against USD during today's Asian session, consolidating near 1.1600.

After a moderate decline at the beginning of the week, caused by the appearance of weak statistics from Germany, the activity on the market remains rather low, and investors expect the emergence of new drivers for the movement of the trading instrument. The Business Climate Index in Germany in October, according to the IFO, fell from 98.9 to 97.7 points, which turned out to be slightly worse than analysts' forecasts at 97.9 points. The IFO Current Assessment for the same period corrected from 100.4 to 100.1 points, and the IFO Expectations retreated from 97.4 to 95.4 points, with the outlook at 96.4 points.

Another negative factor for EUR is the fear that the European Central Bank (ECB) may become one of the last regulators in developed countries to decide to tighten monetary policy. The next meeting of the ECB will be held on Thursday, and more and more investors agree that the rhetoric of the final protocol will again turn out to be "dovish".

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing from below insignificantly, remaining rather spacious for the current level of activity in the market. MACD is trying to reverse downwards forming a new sell signal (located below the signal line). Stochastic is declining more actively, but is rapidly approaching its lows, indicating a strongly oversold EUR in the ultra-short term.

Resistance levels: 1.1600, 1.1650, 1.1700, 1.1754.
Support levels: 1.1570, 1.1528, 1.1500, 1.1450.

Trading tips

To open long positions, one can rely on the breakout of 1.1600. Take-profit – 1.1700. Stop-loss – 1.1540. Implementation time: 2-3 days.

A rebound from 1.1600 as from resistance, followed by a breakdown of 1.1570 may become a signal for new sales with the target at 1.1500. Stop-loss – 1.1610.

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]

EUR/USD: EUR is consolidating after active growth the day before 29.10.2021

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 dynamics against USD during today's Asian session, consolidating near the local highs of September 29, which were renewed against the background of strong growth in the instrument yesterday. Notable support for EUR/USD was provided by not the most confident macroeconomic publications from the USA. Annual data on the dynamics of US GDP for Q3 2021 reflected a sharp slowdown in the US economy from +6.7% YoY to +2.0% YoY, which turned out to be worse than expectations of +2.7% YoY.

Investors also focused on the meeting of the European Central Bank (ECB). As expected, the regulator did not change the parameters of monetary policy, keeping both the rate and the volume of the quantitative easing (QE) program unchanged. At the follow-up press conference, ECB President Christine Lagarde noted that the European economy continues to recover, but its growth rate is gradually slowing down due to epidemiological risks, a period of high energy prices, as well as supply chain disruptions that undermine the recovery in industrial activity. As for the high rates of price growth, Lagarde expects inflationary pressures to ease as early as 2022.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD indicator grows, preserving a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought EUR in the ultra-short term.

Resistance levels: 1.1700, 1.1754, 1.1800, 1.1850.
Support levels: 1.1650, 1.1600, 1.1570, 1.1528.

Trading tips

To open long positions, one can rely on the breakout of 1.1700. Take-profit – 1.1800. Stop-loss – 1.1650. Implementation time: 1-2 days.

The breakdown of 1.1650 may serve as a signal to new sales with the target at 1.1550. Stop-loss – 1.1700.

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]

USD/CAD: the Canadian currency is being held in an uptrend 01.11.2021

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

USD/CAD is showing neutral dynamics against the background of the growth of USD quotes, being at 1.2387. CAD is holding onto an uptrend following the release of Canadian GDP, which rose 0.4% in August after falling 0.1% in July. In addition, investors reacted positively to the increase in September Raw Material Price Index by 2.5% after –2.4% shown a month earlier. The Industrial Product Price Index climbed 1.0% in September after recording a 0.3% decline in August.

In turn, USD again exceeded the psychological level of 94 points in the USD Index and is now trading at 94.230. Investors reacted positively to the publication of statistics by the University of Michigan. Consumer Expectations Index in October amounted to 67.9 points, which is higher than the predicted 67.2 points. The Consumer Sentiment Index was 71.7 points, which exceeded the September value at around 71.4 points.

Support and resistance

On the global chart, the price is correcting, completing the formation of the Flag, the local pattern of the trend continuation. The fluctuation range of the EMAs on the Alligator indicator begins to gradually narrow, and the histogram of the AO oscillator is trading in the sell zone, forming local upward bars.

Resistance levels: 1.2436, 1.2622.
Support levels: 1.2305, 1.2163.

Trading tips

If the asset continues declining and the price consolidates below 1.2305, short positions can be opened with the target at 1.2163. Stop-loss – 1.2400. Implementation time: 7 days and more.

If the asset reverses and continues growing globally and the price consolidates above 1.2436, long positions will be relevant with the target at 1.2622. Stop-loss – 1.2360.

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]

GBP/USD: Bank of England is ready to raise interest rates 03.11.2021

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/USD continues to decline against the background of the stabilization of USD and is currently trading at 1.3631.

In the absence of significant economic releases, investors are awaiting the outcome of the Bank of England meeting, which is scheduled for Thursday. The regulator may announce an increase in interest rates, which was previously hinted at by its Governor, Andrew Bailey. At least three members of the Bank of England are ready to vote for its change, but this does not apply to the decision to adjust the volume of the quantitative easing (QE) program, which is likely to remain at the same level of 875B pounds, and there are still no catalysts for the growth of GBP.

In turn, USD has consolidated at the psychological level of 94.000 in the USD Index, and investors are awaiting a meeting of the US Fed on monetary policy. Market participants will be focused on the data on ADP Employment Change in the US, which will be published 6 hours before the start of the meeting. Analysts expect another reduction in the number of jobs created to 400K from 568K a week earlier, which may be a deterrent to the start of tightening the current monetary policy.

Support and resistance

GBP/USD is trading within the global downtrend channel, declining towards the support line. Technical indicators are in an updated sell signal state: the fast Alligator indicator EMAs crossed the signal line from above, and the histogram of the AO oscillator moved to the sales area.

Resistance levels: 1.3730, 1.3983.
Support levels: 1.3571, 1.3414.

Trading tips

If the asset continues global decline and the price consolidates below 1.3571, short positions can be opened with the target at 1.3414. Stop-loss – 1.3640. Implementation time: 7 days and more.

If the asset reverses, continues corrective growth, and the price consolidates above 1.3730, long positions will be relevant with target at 1.3983. Stop-loss – 1.3650.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: dollar is preparing to end the week with a slight decline 05.11.2021

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

The US dollar is showing multidirectional trend against the yen, holding around 113.60.

The US currency is trying to recover after the publication of the minutes of the US Fed meeting, according to which the regulator begins a gradual reduction in the quantitative easing (QE) program, but at the same time it is still far from starting a cycle of raising the interest rate. However, the pressure on the dollar is easing slightly, as other global central banks (the European Central Bank, Bank of England and Bank of Japan) also seem to be in no rush to introduce tighter monetary policy. The day before, the statistics on the dynamics of jobless claims provided moderate support to the American currency. The number of Initial Jobless Claims decreased from 283K to 269K, ahead of most forecasts around 277K.

Todayб investors are focused on the October report on the US labor market, which, according to analysts, may put additional pressure on the US Fed in the matter of a gradual tightening of monetary policy.

Support and resistance

Bollinger Bands in D1 chart demonstrate an unsteady decrease. The price range is narrowing from above, remaining spacious enough for the current activity level in the market. MACD is developing a fairly strong downtrend, maintaining a sell signal, being located below the signal line. Stochastic also keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD in the ultra-short term.

Resistance levels: 114.00, 114.50, 115.00.
Support levels: 113.50, 113.00, 112.06, 111.19.

Trading tips

To open short positions, one can rely on the breakdown of 113.50 with the target at 112.50. Stop-loss — 114.00. Implementation time: 2-3 days.

A rebound from 113.50 as from support followed by a breakout of 114.00 may become a signal for new purchases with the target at 115.00. Stop-loss — 113.50.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: New Zealand dollar wins back its losses 08.11.2021

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

The New Zealand dollar has shown active gains against the US currency during the Asian session, recovering from a noticeable decline at the end of last week, as a result of which NZD/USD renewed its local lows from October 18.

A noticeable pressure on the positions of the New Zealand currency last Friday was exerted by the published report on the US labor market for October. Investors were encouraged by the data on the growth of Nonfarm Payrolls by 531K in October after an increase of 312K in September. Market forecasts assumed an increase of only 425K. The Unemployment Rate in October fell from 4.8% to 4.6%, which also turned out to be better than the projected 4.7%.

Analysts hope that strong macroeconomic statistics will support the US Fed in its intention to tighten monetary policy. However, the growth of rates is still questionable not only for the American regulator, but also for the Bank of England, as well as the European Central Bank.

Support and resistance

Bollinger Bands in D1 chart demonstrate a slight decrease. The price range is expanding from below, barely keeping up with the surge in "bearish" sentiment at the end of last week. The MACD indicator is declining, maintaining a relatively strong sell signal (the histogram is below the signal line). Stochastic shows a similar dynamics, but tends to reverse into a horizontal plane, reacting to the appearance of an upward correction at the beginning of the week.

Resistance levels: 0.7150, 0.7200, 0.7250, 0.7300.
Support levels: 0.7100, 0.7040, 0.7000, 0.6950.

Trading tips

To open long positions, one can rely on the breakout of 0.7150. Take-profit – 0.7250. Stop-loss – 0.7100. Implementation time: 1-2 days.

A rebound from 0.7150 as from resistance, followed by a breakdown of 0.7100 may become a signal for new sales with the target at 0.7000. Stop-loss – 0.7150.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: the pound is consolidating near 1.3550 10.11.2021

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

The British pound shows ambiguous trading dynamics against the US dollar during the morning session and is consolidating around 1.3550. Prior to that, the currency of the United Kingdom renewed local maximums since November 4; however, the "bulls" failed to fix at new levels and after that corrective sentiments began to be clearly noticeable. Investors are in no hurry to open new trading positions, preferring to wait for the publication on the next Thursday, November 11, of statistics on GDP and industrial production in the UK for September.

Statistics from the US will appear a day earlier, on Wednesday, November 10. Analysts expect fresh data on inflation, which today is becoming one of the fundamental questions not only for the US Fed, but also for many of the world's leading central banks. Market forecasts suggest that US inflation in October will accelerate from +0.4% MoM to +0.5% MoM, but may slightly slow down from +5.4% YoY to +5.3 % YoY.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range narrows from above, but still remains spacious enough for the current level of market activity. MACD indicator turns in the direction of growth and forms a new buy signal (the histogram is trying to gain a foothold above the signal line), Stochastic demonstrates similar dynamics, developing a “bullish” momentum and being approximately in the center of its working area.

Resistance levels: 1.3600, 1.3650, 1.3700, 1.3750.
Support levels: 1.3500, 1.3450, 1.3400, 1.3350.

Trading tips

To open long positions, one can rely on the upward breakdown of 1.3600 with the target at 1.3700. Stop-loss — 1.3550. Implementation period: 2-3 days.

The return of "bearish" trend with the breakdown of 1.3500 may become a signal for further sales with target at 1.3400. Stop-loss — 1.3550.

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 GBP/USD and trade efficiently with NPBFX.