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[Antony_NPBFX]

AUD/USD: Australian dollar shows corrective growth 04.07.2022

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar shows a weak corrective growth, recovering from a strong decline at the end of last week, when the US currency strengthened significantly amid growing fears that a possible recession in the US would have an extremely negative impact on the global economy.

Quotes of the trading instrument completely ignored the relatively optimistic macroeconomic statistics from Australia: S&P Global's Manufacturing PMI rose from 55.8 to 56.2 in June with a neutral outlook, while AiG's Manufacturing PMI rose from 52.4 to 54.0 points.

Investors are paying a lot more attention to Australian statistics today, in part because US markets are closed for Independence Day. Significant support for the instrument is provided by the Building Permits, which rose sharply in May by 9.9% after declining by 3.9% a month earlier, although analysts had expected a further decline in the indicator by 1.8%. In turn, Home Loans issued in May increased by 2.1% after falling by 7.3% a month earlier, with a projected decrease in value by 2.0%.

Tomorrow investors are waiting for the decision of the Reserve Bank of Australia (RBA) on the interest rate. Current forecasts suggest that the regulator will increase the value by 50 basis points to 1.35%, which, however, can only provide short-term support to the Australian dollar.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding from below; however, it fails to catch the surge of the "bearish" sentiment at the moment. MACD is going down having formed a new sell signal (located below the signal line). Stochastic, having approached the level of "20", is trying to reverse in the direction of growth, reacting to corrective sentiments at the beginning of the week.

Resistance levels: 0.6849, 0.6900, 0.6950, 0.7000.
Support levels: 0.6800, 0.6750, 0.6700, 0.6650.

Trading tips

Long positions can be opened after a breakout of 0.6849 with the target of 0.6950. Stop-loss — 0.6800. Implementation time: 1-2 days.

A rebound from 0.6849 as from resistance, followed by a breakdown of 0.6800 may become a signal for opening of new short positions with the target at 0.6700. Stop-loss — 0.6849.

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 GBP/USD, EUR/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]

EUR/USD: the instrument develops a strong "bearish" impetus 06.07.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows a moderate decline, developing a strong "bearish" momentum, formed the day before. EUR/USD is testing 1.0245 for a breakdown, holding near the record lows updated yesterday.

Significant pressure on the position of the instrument was exerted by alarming data on business activity from S&P Global in the eurozone: the Composite PMI fell to a 16-month low, reflecting deterioration in manufacturing activity and growing fears of a full-fledged recession in the economy. In this regard, investors have adjusted their assessments of the prospects for tightening monetary policy, although there is practically no doubt about the July meeting of the European Central Bank (ECB). One way or another, the situation remains tense: the regulator has not raised the rate yet, and the risks of a recession are only increasing.

Today, investors are focused on statistics from the euro area on the dynamics of Retail Sales in May. Analysts' current forecasts are quite optimistic and suggest an increase of 0.4% in monthly terms and 5.4% in annual terms. Also during the day data on Factory Orders in Germany in May will be released, and it is likely to maintain a negative trend at –0.6%.

In the meantime, resources for European consumers will increase in price again. Last week, the Algerian company Sonatrach, whose imports to the EU in June amounted to about 9%, announced the introduction of changes in its pricing policy and, in particular, an increase in tariffs for gas supplies to the eurozone countries. At the moment, negotiations are underway with long-term clients to change the price formula (now it is pegged to Brent Crude Oil), which, however, can be revised every three years.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding, but at the moment it is not keeping up with the surge of "bearish" sentiment. MACD is going down preserving a stable 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 EUR in the ultra-short term.

Resistance levels: 1.0300, 1.0350, 1.0400, 1.0450.
Support levels: 1.0234, 1.0200, 1.0150, 1.0100.

Trading tips

Short positions may be opened after a breakdown of 1.0234 with the target at 1.0100. Stop-loss — 1.0300. Implementation time: 1-2 days.

A rebound from 1.0234 as from support followed by a breakout of 1.0300 may become a signal for opening new long positions with the target at 1.0400. Stop-loss — 1.0234.

Use more opportunities of the NPBFX analytical portal: economic calendar

Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.

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

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

 

[Antony_NPBFX]

AUD/USD: the instrument shows flat trading dynamics 08.07.2022

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar is declining against the US currency during morning trading on July 8, losing value after trying to correct growth the day before. At the moment, AUD/USD is testing 0.6820 for a breakdown, retreating from the local highs of July 5.

Traders fix positions ahead of the publication of the final report on the US labor market for June, while the Australian currency receives little support from macroeconomic data on the dynamics of Imports and Exports. Statistics released yesterday showed a sharp 9.5% rise in Exports in May after rising 5% a month earlier. Due to the positive dynamics, Australia's Trade Surplus widened from 13.248 million Australian dollars to 15.965 million Australian dollars, with a forecast to shrink to 10.725 million Australian dollars.

In turn, American statistics disappointed investors: in May, the US Trade Deficit was recorded in the amount of 85.55 billion US dollars, which is only slightly lower than the figure of 86.69 billion US dollars in the previous period. Initial Jobless Claims for the week ended July 1 increased from 231.0 thousand to 235.0 thousand, while analysts expected a slight decrease to 230.0 thousand.

Meanwhile, in Australia, against the backdrop of rising fuel prices, as well as a shortage of skilled labor, food inflation is rapidly developing. Rain and frost in southeast Queensland led to a loss of harvest, which was the catalyst for a threefold increase in the price of greens, and deliveries to the region's stores fell by 80%. Farmers forecast shortages until at least the end of summer, after which weather conditions are likely to turn to favorable, and they will be able to re-sow fields, but the increase in prices for products will not slow down, as fertilizers, fuel, and packaging have also added significantly to the cost.

Support and resistance

On the daily chart, Bollinger Bands are moderately declining. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is growing, maintaining a weak buy signal and being located above the signal line. Stochastic shows mixed dynamics, being located near the level of "20" and signaling in favor of the development of corrective growth in the ultra-short term.

Resistance levels: 0.6849, 0.6900, 0.6950, 0.7000.
Support levels: 0.6800, 0.6750, 0.6700, 0.6650.

Trading tips

Long positions can be opened after a breakout of 0.6849 with the target of 0.6950. Stop-loss — 0.6800. Implementation time: 2-3 days.

A rebound from 0.6849 as from resistance, followed by a breakdown of 0.6800 may become a signal for opening of new short positions with the target at 0.6700. Stop-loss — 0.6849.

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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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: gold stays at record lows 11.07.2022

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

XAU/USD is consolidating near the September 2021 lows, updated at the end of the last trading week, when the quotes showed the fastest weekly decline since June 2020, losing 4% in value.

Gold positions came under pressure on Friday amid the publication of a stronger report on the US labor market: the Unemployment Rate remained at 3.6%, while Employment Change rose by 372 thousand, well ahead of the projected 268 thousand, which allows investors to hope for continued tightening of monetary policy by the US Federal Reserve. According to the CME FedWatch indicator, more than 92% of traders are confident in the "hawkish" rhetoric at the next meeting of the regulator, as well as in the adjustment of the value by 75 basis points at the end of this month.

In turn, the USD Index at the beginning of the week rises by 0.26% to 107.280.

This week, the US data on inflation for June will be released, as well as the monthly economic report of the US Fed, the so-called "Beige Book". Current forecasts suggest that the Consumer Price Index in June in annual terms may accelerate from 8.6% to 8.7%, updating record highs, and in monthly terms, the previous growth rate of 1.0% is expected to remain unchanged.

In turn, moderate support for gold in the market is still provided by the expectations of the introduction of new restrictions on the import of Russian gold by European countries and their partners. Some Western countries have already announced the cessation of purchases of the precious metal from the Russian Federation, but so far a new package of EU sanctions with a corresponding ban has not been adopted.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic has reached its lows and is trying to reverse upwards, indicating risks of oversold instrument in the ultra-short term.

Resistance levels: 1752.87, 1775.00, 1784.31, 1800.00.
Support levels: 1730.00, 1720.00, 1700.00.

Trading tips

Short positions may be opened after a breakdown of 1730.00 with the target at 1700.00. Stop-loss — 1745.00. Implementation time: 2-3 days.

The breakout of 1752.87 may be a signal to open new long positions with the target of 1784.31. Stop-loss — 1735.00.

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[Antony_NPBFX]

EUR/USD: the euro is held near the parity level with the US dollar 13.07.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows multidirectional trading dynamics, consolidating near the key level of 1.0000, which has not yet been actively tested. The day before, the instrument also traded near the parity level and even tried to fall to the level of 0.9990 for some time; however, the "bulls" quickly regained the lost positions. The euro is certainly receiving strong technical support near this psychological level, but the pressure on the single currency only intensifies as the region's economic outlook deteriorates. The last time the euro traded at parity against the US dollar was in December 2002.

Yesterday's macroeconomic statistics put additional pressure on the positions of the single currency, intensifying talks about a possible recession in the European economy: ZEW Survey on Economic Sentiment fell sharply in July from –28.0 to –51.1 points, while analysts expected a decline to only –32.8 points. In turn, ZEW Survey on Current Situation in Germany over the same period fell from –27.6 to –45.8 points, while the forecast was –34.5 points, and the Economic Sentiment index fell from –28.0 to –53.8 points, which also turned out to be significantly worse than market forecasts at the level of –38.3 points.

Today, investors are focused on statistics on the dynamics of consumer prices in Germany in June, as well as May data on the dynamics of industrial production in the eurozone.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). Stochastic retains downward direction but is located in close proximity to its lows, which indicates the risks of oversold EUR in the ultra-short term.

Resistance levels: 1.0050, 1.0100, 1.0150, 1.0200.
Support levels: 1.0000, 0.9950, 0.9900.

Trading tips

Short positions may be opened after a breakdown of 1.0000 with the target at 0.9900. Stop-loss — 1.0050. Implementation time: 2-3 days.

The return of the "bullish" trend with the breakout of 1.0100 may become a signal for new purchases with the target of 1.0200. Stop-loss — 1.0050.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: consolidating at record lows 15.07.2022

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 near-zero dynamics, testing 1.1820 for a breakdown, returning to active decline after an unsuccessful attempt at corrective growth, which was supported by optimistic macroeconomic statistics from the UK.

On Wednesday, data on the dynamics of GDP and industrial production for May were released. The British economy strengthened by 0.5% after declining by 0.3% a month earlier, although analysts had expected zero dynamics. Industrial Production for the same period increased by 0.9% after falling by 0.1% in the previous month, with forecasts suggesting zero growth, and in annual terms, the figure corrected from 1.6% to 1.4%, while analysts assumed a sharp decline of 0.5%.

Strong macroeconomic statistics increased the chances that the Bank of England will continue to actively tighten monetary policy: the British regulator raised rates 5 times in a row, albeit at a moderate pace. However, the economic situation remains difficult and recession risks remain very high.

The day before, the preliminary second round of elections for the post of Prime Minister and leader of the Conservative Party ended in the UK. Former Treasury Secretary Rishi Sunak won the most votes (101 votes), followed by Associate Trade Policy Minister Penny Mordaunt with 83 votes and Foreign Secretary Liz Truss (64 votes). A new British Prime Minister will be elected on September 5, while the current head of Government, Boris Johnson, is set to resign on September 7.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic keeps a horizontal direction and is located near its lows, which indicates the risks of oversold GBP in the ultra-short term.

Resistance levels: 1.1854, 1.1933, 1.2000, 1.2074.
Support levels: 1.1800, 1.1758, 1.1700, 1.1600.

Trading tips

Long positions can be opened after a breakout of 1.1854 with the target of 1.2000. Stop-loss — 1.1790. Implementation time: 2-3 days.

A rebound from 1.1854 as from resistance, followed by a breakdown of 1.1800 may become a signal for opening of new short positions with the target at 1.1700. Stop-loss — 1.1854.

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

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

 

[Antony_NPBFX]

Hewlett-Packard Co.: technical analysis 18.07.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Hewlett-Packard Co. for a better understanding of the current market situation and more efficient trading.

Shares of the American IT company providing hardware and software services, Hewlett-Packard Co., are moving in a corrective trend around 31.60.

On the daily chart of the asset, the price left the wide lateral channel with the boundaries of 34.00–41.00 and consolidated below the support line, having simultaneously overcome the level of Fibonacci initial retracement level of 23.6% at 34.00.

On the four-hour time frame, it is seen that the decline in quotes below the 23.6% Fibonacci retracement acts as a catalyst for the start of a full-fledged downward correction, and the probability of reaching the next level, the 38.2% Fibonacci base retracement at 30.00, is extremely high. Currently, there is a technical rollback of quotes upwards, after which another downward momentum may follow and the level of 50.0% Fibonacci intermediate retracement at 27.00 may follow.

The high probability of further decline is also confirmed by technical indicators that keep a stable sell signal: fast EMAs on the Alligator indicator are expanding the range of fluctuations in the direction of decline, and the histogram of the AO oscillator is forming new descending bars.

Trading tips

Short positions can be opened if the price continues to decline and consolidates below the base retracement level at 30.00 in order to reach global support at 27.00. Stop-loss –32.00. Implementation time: 7 days and more.

Long positions will be relevant if the corrective growth of the asset continues and the price consolidates above the local resistance level of 32.00 with the target of 34.00. Stop-loss – 31.00.

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

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

Use the current recommendations of analysts on Hewlett-Packard Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Visa Inc.: wave analysis 20.07.2022

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

The price is in correction, the probability of growth is maintained.

On the daily chart, the development of the third wave of the higher level (3) was completed and a downward correction as the fourth wave (4) began. By now, wave A of (4) has already appeared and the construction of wave B of (4) is observed, in which wave a of B is formed. If the assumption is correct, one may expect the growth of the price of the asset to 226.95–236.61. The level of 185.70 is critical and stop-loss for this scenario.

Main scenario

Long positions are relevant from the corrections above the level of 185.70 with targets at 226.95–236.61. Implementation time: 7 days and more.

Alternative scenario

Breakout and consolidation of the price above the level of 185.70 will help the instrument continue growth to the levels of 175.00–162.95.

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 Visa Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: trading instrument is preparing to continue to decline 22.07.2022

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/CHF is trading in a corrective trend around 0.9686 against the backdrop of a depreciation of the US currency.

However, there are no prerequisites for the strengthening of the franc at the moment either. Instead, the economic situation in Switzerland is rapidly deteriorating, and in the near future the country may face an acute energy crisis. At least, this is what Michael Frank, director of the VSE association of Swiss electricity companies, said. According to him, power outages were caused by a reduction in gas supplies from Russia and the shutdown of nuclear power plants in France for maintenance. The only way to stabilize the situation, Frank sees a phased reduction in resource consumption, which, in particular, includes limiting the illuminating of shop windows and streets, and if this is not enough, then turning off individual regions for four hours in turn. The Swiss authorities predict an increase in the negative dynamics of electricity prices. According to the head of the government’s advisory commission for electricity, Elcom, Urs Meister, ordinary citizens' electricity bills could grow by an average of 20% next year. This conclusion comes from a survey of suppliers who intend to raise prices by 47% amid rising coal prices, likely problems with exports from neighboring countries and global supply uncertainty.

In turn, the American currency continues its gradual decline before the next meeting of the US Federal Reserve and is currently trading at around 106.800 in the USD Index. The pressure on the quotes was exerted by the data on the national labor market, published the day before. Initial Jobless Claims increased to 251K from 244K a week earlier, which significantly exceeds the decline predicted by analysts to 240K, and ultimately led to an increase in the Continuing Jobless Claims to 1.384M from 1.333M last week.

Support and resistance

On the global chart of the asset, the price is correcting within the lateral channel, preparing to continue the local decline. Technical indicators have almost reversed and issued a sell signal: fast EMAs on the Alligator indicator came close to the signal line, and the AO oscillator histogram has already moved into the sell zone, continuing to form descending bars.

Support levels: 0.9652, 0.9530.
Resistance levels: 0.9739, 1.0000.

Trading tips

Short positions can be opened after a complete reversal and continued local decline in the asset, as well as consolidation of the price below the local support level of 0.9652 with the target of 0.9530. Stop-loss — 0.9710. Implementation time: 7 days and more.

Long positions can be opened after a continued global growth of the asset, as well as consolidation of the price above the local resistance level of 0.9739 with the target of 1.0000. Stop-loss — 0.9650.

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

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

 

[Antony_NPBFX]

Pfizer Inc.: technical analysis 25.07.2022

Good afternoon, dear forum visitors!

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

The stocks of the innovative biopharmaceutical company Pfizer Inc. are trading slightly above 51.00.

On the daily chart of the asset, the formation of a global corrective trend continues, and the price is clamped within the Triangle pattern with dynamic boundaries of 46.00–54.00.

On the four-hour chart, the local growth of the trading instrument after reaching the resistance line of the pattern at 53.00 has ended, and now a full-fledged reversal is being formed. Given the strength of the resistance line, further movement of quotes can be continued towards the support line around 46.00.

Technical indicators reversed downwards: fast EMAs on the Alligator indicator are consolidated below the signal line, and the AO oscillator histogram is trading in the sell zone, forming new downward bars, being close to the transition level which is typical for this pattern.

Trading tips

Short positions may be opened after the final reversal and continued decline in the asset or consolidation below the local support level of 50.10 with the target at 46.80. Stop loss – 52.00. Implementation period: 7 days or more.

Long positions may be opened after the continued global growth of the asset or consolidation above the resistance line of the pattern at 53.40 with the target at 55.60. Stop loss – 52.80.

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 Pfizer Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 27.07.2022

Good afternoon, dear forum visitors!

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

The shares of Netflix Inc., an American entertainment company, continue to trade within a corrective trend, currently moving around 214.00.

On the daily chart of the asset, the quotes left the global downwards channel with dynamic boundaries of 70.00–200.00 and confidently consolidated above it, approaching the price gap closing level of April 20, 2022.

On the four-hour chart, it is seen that the potential of the upward movement has not yet been exhausted, and, despite the falling trading volumes, the price will be able to break the local high of 230.00, starting to close the price gap. The closing level of this gap is at 330.00, and technical indicators have already given a new buy signal: indicator Alligator’s EMA oscillation range reversed upwards, and the histogram of the AO oscillator is forming new rising bars in the buying zone.

Trading tips

Long positions may be opened after the corrective growth or consolidation above the local high at 230.00 with the target at the price gap of 330.00. Stop loss is 210.00, below the resistance line. Implementation period: 7 days or more.

Short positions may be opened after the reversal and continued global decline in the asset or consolidation below the local support level of 203.00 with the target at 163.00. Stop loss — 215.00.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

Use the current recommendations of analysts on Netflix Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 29.07.2022

Good afternoon, dear forum visitors!

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

The shares of Meta Platforms Inc., which owns the world's largest social network Facebook, are falling, currently trading around 160.00.

On the daily chart of the asset, a global downward channel is forming with dynamic boundaries 135.00–200.00, and at the moment, the price is near its lower border, attempting an upward correction.

On a four-hour chart, local growth is developing within the Expanding formation pattern, where the quotes have reached the lower border around 154.00, where the seventh ascending wave with the target at the upper border of the global channel around 197.00 can start to form.

Technical indicators confirm the likelihood of a reversal and subsequent growth: fast EMAs on the Alligator indicator are very close to the signal line, and the AO oscillator histogram is trading close to the transition level and can cross it at any time.

Trading tips

Long positions may be opened after a reversal and continued local growth of the asset or consolidation above the resistance level of 172.00 to reach the resistance line around 197.00. Stop loss – 167.00. Implementation period: 7 days or more.

Short positions may be opened after the continuation of the downward movement or consolidation below the support level of 154.00 with the target at 135.00. Stop loss – 160.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Walmart Inc.: technical analysis 01.08.2022

Good afternoon, dear forum visitors!

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

The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are in the 132.00 area.

On the daily chart of the asset, the price is correcting after a significant decline, forming a local ascending channel with boundaries of 120.00–135.00.

On a four-hour chart, the asset approached the solid resistance line of the 134.00 range, formed at the end of January 2022, and continued growth is possible only if the quotes consolidate above it.

Technical indicators confirm the continuation of the corrective upward dynamics, holding a buy signal: indicator Alligator's EMA oscillation range expands upwards, and the AO oscillator histogram forms ambiguous bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 133.00 with the target at 141.70 and stop loss 130.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 128.70 with the target at 121.90. Stop loss – 131.00.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

Use the current recommendations of analysts on Walmart Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

PayPal Holdings Inc.: technical analysis 03.08.2022

Good afternoon, dear forum visitors!

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

The shares of PayPal Holdings Inc., an American debit payment processor, correct at 88.00.

On the daily chart of the asset, the price is moving above the resistance line of a wide downwards channel with dynamic boundaries of 50.00–80.00, holding at the local high of June 8 at 89.00.

On the four-hour chart, it is seen that the probability of the continuation of the upward dynamics is quite high. If the breakout of the local high occurs soon, the quotes will head towards the annual peak around 122.00.

Technical indicators confirm the high probability of growth, keeping a stable buy signal: fast EMAs on the Alligator indicator remain above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 94.10 with the target at 122.50. Stop loss — 90.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 81.70 with the target at 68.20. Stop loss — 85.00.

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 PayPal Holdings Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 05.08.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

The shares of The Walt Disney Co., the world leader in the entertainment industry, are actively declining, being in the 108.00 area.

On the daily chart of the asset, the formation of a global downward channel with dynamic boundaries at 80.00–108.00 continues, and at the moment, the price has come close to the resistance line at 108.00 and is preparing to break it.

On the four-hour chart, the current growth has a high chance of breaking it and reaching the initial 23.6% Fibonacci correction around 117.00, which is the main barrier for quotes within a possible upward correction.

Technical indicators reversed and gave a stable buy signal: the range of EMA fluctuations on the Alligator indicator began to expand upwards actively, and the histogram of the AO oscillator forms bars with an upward trend in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 117.00 with the target at 133.00. Stop loss – 112.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 101.00 with the target at 91.00. Stop loss — 105.00.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 08.08.2022

Good afternoon, dear forum visitors!

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

The shares of US retail holding Johnson & Johnson corrected around 171.00.

On the daily chart of the asset, the price is within the global downward channel with dynamic boundaries 163.00–180.00, and after a reversal near the resistance line, it tries to consolidate in the downtrend.

On the four-hour chart, the channel support line is just below the full 61.8% Fibonacci retracement at 167.00, and the key resistance for the upside move is last week's local high, coinciding with the underlying Fibonacci 38.2% retracement at 174.30, which seems to be quite durable.

Technical indicators are signaling in favor of a possible decline: fast EMAs on the Alligator indicator have begun to move away from the signal line, and the histogram of the AO oscillator is decreasing in the sell zone, forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 167.00 with the target at 161.60. Stop loss – 170.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 174.30 with the target at 179.00. Stop loss – 172.00.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

Use the current recommendations of analysts on Johnson & Johnson and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: US dollar in anticipation of new movement drivers 10.08.2022

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

During the Asian session, the USD/CAD pair shows ambiguous trading dynamics, consolidating near 1.2900.

Investors are waiting for new growth drivers for the trading instrument, which may be US data on consumer price dynamics: average market forecasts suggest that inflationary pressure will begin to decrease in response to a sharp increase in borrowing costs from the US Federal Reserve. The labor market report for July, released on Friday, strengthened analysts' confidence that the regulator will continue its "hawkish" monetary policy.

Statistics from the Canadian Department of Labor reflected another fall in the number employed in the country in July by 30.6K after a decrease of 43.2K earlier, although market forecasts assumed a moderate increase in the indicator by 20.0K. Against this background, the share of the labor force in the total population declined from 64.9% to 64.7%, in stark contrast to the expected rise to 65.3%, while the unemployment rate remained unchanged at 4.9% rather than rising to 5.0% as expected. Ivey's business activity statistics provided additional pressure on the Canadian dollar: in July, the indicator fell from 57.8 points to 53.2 points.

Support and resistance

On the daily chart, Bollinger bands are moving flat: the price range remains practically unchanged, remaining quite spacious for the current market activity level. The MACD indicator grows, keeping a poor buy signal (the histogram is above the signal line), and tries to consolidate above the zero line. Stochastic, on the contrary, maintains a confident downward direction and practically does not react to restoring the "bullish" activity in yesterday's trading.

Resistance levels: 1.2900, 1.2950, 1.3000, 1.3050.
Support levels: 1.2850, 1.2800, 1.2750, 1.2700.

Trading tips

Long positions may be opened after the breakout of 1.2900 with the target at 1.3000. Stop loss – 1.2850. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1.2900 and the breakdown of 1.2850 with the target at 1.2750. Stop loss – 1.2900.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: euro is trying to consolidate above 1.0300 12.08.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows ambiguous dynamics, consolidating near 1.0315. The day before, EUR/USD again made attempts to strengthen its positions, approaching the local highs of July 5, updated on Wednesday. The surge of "bullish" sentiment was due to the depreciation of the US currency against the backdrop of the release of optimistic data on consumer inflation. However, the correction of the dollar did not last long, and soon the demand for the asset began to recover, and the quotes were supported by statements by representatives of the US Federal Reserve. In particular, the Chair of the San Francisco Fed, Mary Daly, said that she still expects a 75 basis point increase in interest rates during the September meeting of the regulator.

The pressure on the dollar increased again yesterday after the release of statistics on the Producer Price Index, which in July decreased by 0.5% in monthly terms and added 9.8% in annual terms, which was significantly lower than the market's expectations of an increase in indicators by 0.2% and 10.4% respectively.

Today, investors will pay attention to the July publications on consumer inflation in France and Spain, as well as data on the dynamics of Industrial Production in the euro area.

According to Bloomberg, European industrial enterprises are in a difficult situation after the decision of the authorities to reduce gas imports. Volkswagen AG representatives predict a fall in revenue against the background of regularly rising fuel tariffs and a decrease in car sales (in July, the figure was -20.0%). Now Tesla Inc. has become the market leader in electric vehicles, increasing its presence in Germany by 0.6%. Meanwhile, automotive components manufacturer Continental AG has estimated additional costs for raw materials and energy at 3.5 billion euros. The German government has already received a large number of applications from enterprises asking for exemption from the need to save "blue fuel" due to the difficult economic situation.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the "bullish" activity at the moment. MACD grows, preserving a stable buy signal (located above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic, having approached the level of "80", reversed into a horizontal plane, indicating the risks of the overbought instrument in the ultra-short term.

Resistance levels: 1.0350, 1.0400, 1.0450, 1.0500.
Support levels: 1.0300, 1.0253, 1.0200, 1.0150.

Trading tips

Short positions may be opened after a breakdown of 1.0300 with the target at 1.0200. Stop-loss — 1.0350. Implementation time: 1-2 days.

A rebound from 1.0300 as from support followed by a breakout of 1.0350 may become a signal for opening new long positions with the target at 1.0450. Stop-loss — 1.0300.

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]

Apple Inc.: technical analysis 15.08.2022

Good afternoon, dear forum visitors!

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

The shares of Apple Inc., an American technology company, are in a corrective trend at around 172.00.

On the daily chart, the price is within the global Expanding formation pattern, completing another up wave and approaching the resistance line at 174.00.

On the four-hour chart, it is seen that the current wave is the fifth one and, therefore, the last of the obligatory ones, and within its framework, the upper border of the pattern may be broken, and the year’s high of 183.00 will be the local target for the upward movement.

The technical indicators confirm the high probability of continuation of positive dynamics: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator forms rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 174.80 with the target at 182.70 and stop loss 172.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 167.60 with the target at 156.70. Stop loss – 170.00.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

Use the current recommendations of analysts on Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: rising gas prices put pressure on the euro 17.08.2022

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

Since the beginning of the week, the European currency continues its downtrend, under pressure from rising natural gas prices and weak macroeconomic statistics. Now the quotes of the EUR/USD pair are in a corrective trend, trading around 1.0182.

Earlier, the governments of the eurozone countries adopted a resolution under which they will voluntarily reduce gas consumption by 15% until the end of March next year in order to reduce fuel shortages due to supply restrictions from Russia. Against the background of this decision, the prices for "blue fuel" are showing a sharp increase, at the moment reaching record March levels in the region of 2.6 thousand euros per 1.0 thousand cubic meters. In turn, macroeconomic statistics turned out to be quite weak: the August ZEW Survey on Current Situation in Germany fell to –47.6 points, and ZEW Economic Sentiment was –55.3 points, while the same indicator in the eurozone adjusted to –54.9 points from –51.1 points a month earlier.

As a result, the EUR/USD pair is declining, despite the similar dynamics of the US dollar, which is losing ground after the publication of a disappointing report on the real estate market: the number of Building Permits issued fell in July by 1.3% to 1.674 million from 1.696 million, and the volume of Housing Starts declined by 9.6%, amounting to only 1.446 million against 1.599 million a month earlier.

Support and resistance

The EUR/USD pair is holding within the global downward channel, reversing to the downside again. Technical indicators, having reversed in the direction of growth, once again gave a signal to sell. The fast Alligator indicator EMAs crossed the signal line from above, and the histogram of the AO oscillator is forming descending bars approaching the transition level.

Support levels: 1.0111, 0.9951.
Resistance levels: 1.0260, 1.0406.

Trading tips

If the asset reverses and continues global decline and the price consolidates below the support level at 1.0111, short positions can be opened with the target at 0.9951. Stop-loss — 1.0180. Implementation time: 7 days and more.

If the asset continues corrective growth and the price consolidates above the local resistance level of 1.0260, long positions will be relevant with target at 1.0406. Stop-loss — 1.0200.

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.