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[Antony_NPBFX]

Hewlett-Packard Co.: technical analysis 19.08.2022

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.

The shares of Hewlett-Packard Co., an American IT company providing hardware and software services, are moving within a corrective trend around 35.20.

On the daily chart, the price returned to the wide sideways channel 34.00–40.00 and is trying to continue growing towards its upper border.

On the four-hour chart, a local upward impulse develops in the form of a narrow corridor with dynamic boundaries at 34.00–36.00 and keeping quotes in this range temporarily excludes the possibility of a reverse exit from the global channel.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations upwards, and the AO oscillator histogram forms rising bars.

Trading tips

Long positions may be opened after the price rises and consolidates above 36.00 with the target at 40.00. Stop loss — 34.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 34.10 with the target at 30.00. Stop loss — 36.00.

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 Hewlett-Packard Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 22.08.2022

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, are on a corrective trend at 241.00.

On the daily chart of the asset, the price continues a poor upward trend, trying to close the price gap from April 20, located between 250.00 and 350.00.

The four-hour chart shows that the potential for an upward movement is quite high, and the key factor may be the consolidation of quotes above the initial correction of 23.6% Fibonacci around 286.00. The closing level of this gap is around 250.00, which is currently being tested by the trading instrument.

Technical indicators keep a buy signal: indicator Alligator's EMA oscillation range expands upwards, and the histogram of the AO oscillator forms multidirectional bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 252.00 with the target at 364.00. Stop loss – 220.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, decrease, and consolidation of the price of 222.00 with the target at 162.00. Stop loss – 240.00.

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]

GBP/USD: the pound tries to recover from record lows 24.08.2022

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 is showing mixed dynamics, testing 1.1830 for a breakout. The day before, the GBP/USD pair showed a moderate corrective growth, which was partly caused by the depreciation of the US currency in almost the entire spectrum of the market.

Among other things, pressure on dollar quotes was exerted by weak macroeconomic statistics from the US. Thus, the Manufacturing PMI from S&P Global in August corrected from 52.2 points to 51.3 points, although analysts expected a decrease to only 52.0 points, and the Services PMI fell sharply from 47.3 points to 44.1 points, while it was expected that the indicator would rise to 49.2 points. However, it should be noted that the British statistics also turned out to be disappointing: the Services PMI in August corrected from 52.1 points to 46.0 points, while the forecast was at the level of 51.1 points.

Investors today are in no hurry to open new trading positions, preferring to wait for the results of the symposium in Jackson Hole, which is to be addressed by US Federal Reserve Chairman Jerome Powell. The official is expected to give clear signals on the pace of interest rate hikes in September and beyond, as well as comments on the prospects for a recession amid deteriorating energy markets.

Meanwhile, London Mayor Sadiq Khan said most people in the country will not be able to pay their heating bills and even afford food this winter amid record inflation, which has reached 10.1% in annual terms, the highest since 1982. According to Bloomberg analysts, electricity tariffs will reach 4K pounds per month by January next year. The UK Office of Gas and Electricity Markets (Ofgem) may set a price ceiling of around 4.266K pounds in the first months of next year, nearly 0.650K pounds more than the agency's previous forecast.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range expands from below, making way for new local lows for the "bears". MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having retreated from its lows, is trying to recover, indicating the corrective growth development in the near future.

Resistance levels: 1.1854, 1.1933, 1.2000, 1.2054.
Support levels: 1.1800, 1.1758, 1.1700, 1.1650.

Trading tips

Short positions may be opened after a breakdown of 1.1758 with the target at 1.1650. Stop-loss — 1.1815. Implementation time: 2-3 days.

The breakout of 1.1854 may be a signal to open new long positions with the target of 1.2000. Stop-loss — 1.1790.

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]

EUR/USD: eurozone energy crisis intensifies 26.08.2022

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 mixed trading dynamics, consolidating near 0.9960. Market activity remains low ahead of US Federal Reserve Chairman Jerome Powell's speech at the annual symposium in Jackson Hole. It is expected that the official may speak in favor of raising the interest rate in September by another 75 basis points (for the third time in a row), which will provide moderate short-term support to the US currency. Investors have no doubt that the regulator will continue a rather tight monetary policy, so the whole question is only in the pace of this tightening. Also, traders would like to hear updated forecasts regarding the prospects for economic growth.

The global economy continues to show a steady downtrend, and the widespread increase in interest rates is only exacerbating the situation caused by rising energy prices. In particular, it became known that a number of large industrial enterprises in Europe (zinc and aluminum plants) were forced to temporarily close due to a sharp increase in electricity tariffs. In addition, the downtrend is facilitated by reports of the Russian company PJSC Gazprom about stopping the pumping of "blue fuel" from August 31 to September 2 due to technical work on the turbine of the Nord Stream gas pipeline, which has been operating at only 20% of its planned capacity since the end of July. Experts doubt that infrastructure repairs will last only a few days, but European storage facilities are already 75% full. Despite this, German officials and, in particular, the Vice President of the Bundestag, Wolfgang Kubicki, declare the need to launch the Nord Stream 2 gas pipeline in order to prepare for the upcoming heating season. However, Chancellor Olaf Scholz opposed the idea, stressing that by the middle of next year the country will have the infrastructure to supply gas from alternative Russian sources.

In turn, the euro was moderately supported yesterday by optimistic macroeconomic statistics from Germany. The revised indicator of Gross Domestic Product (GDP) reflected the growth of the German economy in the second quarter by 0.1% (previously, zero dynamics were assumed), and excluding seasonal fluctuations, GDP in annual terms grew by 1.7% against the previous estimate of 1.4%.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range expands from below, making way for new local lows for the "bears". MACD indicator is trying to reverse upwards and form a new buy signal (the histogram has to consolidate above the signal line). Stochastic is showing more active growth, signaling in favor of the development of the "bullish" trend in the ultra-short term.

Resistance levels: 1.0000, 1.0050, 1.0100, 1.0150.
Support levels: 0.9950, 0.9900, 0.9850, 0.9800.

Trading tips

Short positions may be opened after a breakdown of 0.9950 with the target at 0.9850. Stop-loss — 1.0000. Implementation time: 1-2 days.

A rebound from 0.9950 as from support followed by a breakout of 1.0000 may become a signal for opening new long positions with the target at 1.0100. Stop-loss — 0.9950.

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]

Alcoa Corp.: technical analysis 29.08.2022

Good afternoon, dear forum visitors!

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

The shares of the American steel company Alcoa Corp. are trading at 56.00.

On the daily chart, the price is showing corrective dynamics after a prolonged downtrend, consolidated above the initial 23.6% Fibonacci retracement around 53.80.

On the four-hour chart, further movement of the quotes of the trading instrument will most likely continue in an uptrend since the key marker for the beginning of a full-fledged correction was received after consolidation above 23.6%. The next target is the basic correction of 38.2% Fibonacci around 61.80, the breakout of which will allow the issuer's shares to consolidate higher.

Technical indicators have reversed and keep a stable buy signal: indicator Alligator's EMA oscillation range expands upwards, and the AO oscillator histogram forms upward bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 61.80 with the target at 68.40. Stop loss — 60.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 53.80 with the target at 40.70. Stop loss — 56.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Bank of America Corp.: technical analysis 31.08.2022

Good afternoon, dear forum visitors!

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

The shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within the corrective trend of around 34.00.

On the daily chart, the price has left the global downward channel with dynamic boundaries at 27.00–33.00 and is trying to stay within the corrective trend that began after overcoming the initial 23.6% Fibonacci correction at 34.70.

On the four-hour chart, it is seen that the upward impulse has high prospects for implementation. However, they are relevant only after the quotes reconsolidation above 34.70.

Technical indicators keep a buy signal: indicator Alligator’s EMA oscillation range is directed upwards, although it is narrowing, and the histogram of the AO oscillator forms downward bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 34.70 with the target at 37.60. Stop loss — 33.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 33.00 with the target at 30.00. Stop loss — 34.00.

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 Bank of America Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 02.09.2022

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 Johnson & Johnson, one of the world's leading retail holdings, are correcting at 165.00.

On the daily chart of the asset, the price is moving within the global downward channel with dynamic boundaries 160.00–176.00 and, having bounced off the support line, is trying to consolidate in the uptrend.

The 4-hour chart of the asset shows that the channel support line is below the 100.0% underlying trend of the Fibonacci extension at 163.00, indicating a valid sell signal. The proximity of another level, 61.8% Fibonacci extension around 170.70, does not exclude the possibility of a slight upward correction.

Technically, the indicators signal in favor of the continuation of the decline: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO oscillator histogram is falling in the sell zone, forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 161.00 with the target at 151.20. Stop loss – 164.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 167.20 with the target at 170.70. Stop loss – 166.00.

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 Johnson & Johnson and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: American currency starts the trading week with poor growth 05.09.2022

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

During the Asian session, the USD/CHF pair is growing slightly, remaining around local highs since July 14, renewed at the end of last week after the release of the August report on the US labor market.

Non-farm payrolls added 315.0K after rising 526.0K last month, but the data pointed to a slowdown in average hourly wages and showed an increase in the unemployment rate from 3.5% to 3.7%, which reduced the likelihood of an interest rate hike by the US Federal Reserve by 75.0 basis points at the September meeting, but it is still premature to draw unambiguous conclusions.

US markets are closed for Labor Day on Monday, so key data is not expected until tomorrow when S&P and ISM August business statistics are released. In Switzerland, Q2 data on the dynamics of gross domestic product (GDP) will be published on Monday: the figure may decrease from 4.4% to 3% YoY and fall to zero MoM after rising by 0.5% in the first quarter.

Support and resistance

On the daily chart, Bollinger Bands are actively growing: the price range is expanding slightly from above but not as fast as the “bullish” sentiment develops. The MACD indicator is growing, keeping a poor buy signal (the histogram is above the signal line). Stochastic approached its highs and reversed into a horizontal plane, indicating that the US dollar may become overbought in the ultra-short term.

Resistance levels: 0.9859, 0.9930, 1.0000, 1.0050.
Support levels: 0.9807, 0.9762, 0.9700, 0.9650.

Trading tips

Long positions may be opened after the breakout of 0.9859 with the target at 1.0000. Stop loss – 0.9770. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 0.9859 and the breakdown of 0.9762 with the target at 0.9650. Stop loss – 0.9830.

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/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: pound is again approaching the March lows of 2020 - 07.09.2022

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 is moderately declining, leveling the attempts of the "bulls" to show corrective growth at the beginning of the week. The GBP/USD pair is testing the level of 1.1450 for a breakdown, approaching the all-time lows of March 2020, updated last Monday.

Support for the US currency was provided by strong macroeconomic statistics from the US, published the day before. The ISM Services Employment Index in August strengthened from 49.1 points to 50.2 points, while the forecast was for a decline to 48.2 points, and the ISM Services PMI over the same period increased from 56.7 points to 56.9 points against the background of preliminary estimates of experts on the decline to 55.1 points. In turn, the ISM Services New Orders Index corrected from 59.9 points to 61.8 points, while analysts had expected a reduction to 57.0 points. The data again reflected the resilience of the US economy, which allows the US Federal Reserve to continue the "hawkish" monetary policy to combat high inflation, especially given the further rise in energy prices.

Today, the focus of investors will be hearing the report on inflation, as well as a number of speeches by representatives of the Bank of England, including its Governor Andrew Bailey.

Traders continue to evaluate the results of the election of the leader of the Conservative Party and Prime Minister of Great Britain, which was won by Liz Truss. The official and the new government will have to focus on problems in the national economy, which, having failed to fully recover from the coronavirus pandemic, is under pressure from recession risks, as inflation updates new anti-records, and the national currency has accelerated the fall against the US dollar to the lows of 1985. In addition, the situation is aggravated against the backdrop of a rapidly developing energy crisis: due to the rise in prices for "blue fuel" after the start of the military conflict in Eastern Europe, consumer prices in the country, according to forecasts by analysts from the investment bank Goldman Sachs Group Inc. may exceed 22.0%, and the economy in this case will shrink by 3.4%.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands slightly from below, making way for new local lows for the "bears". MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, on the other hand, remains in an uptrend, retreating from its lows, indicating that the pound is oversold in the ultra-short term.

Resistance levels: 1.1531, 1.1600, 1.1647, 1.1700.
Support levels: 1.1442, 1.1380, 1.1300, 1.1250.

Trading tips

Short positions may be opened after a breakdown of 1.1442 with the target at 1.1300. Stop-loss — 1.1510. Implementation time: 1-2 days.

A rebound from 1.1442 as from support followed by a breakout of 1.1531 may become a signal for opening new long positions with the target at 1.1700. Stop-loss — 1.1442.

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]

eBay Inc.: technical analysis 09.09.2022

Good afternoon, dear forum visitors!

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

Shares of eBay Inc., an American online retailer, are trading at 44.00.

On the daily chart, the price, having left the limits of the global downwards channel with dynamic boundaries 38.00–45.00, is kept above it, despite approaching the previously passed resistance level.

On the four-hour chart, it is seen that the attempt to enter a full-fledged correction failed, the initial Fibonacci 23.6% correction level at 50.00 was not broken, and the quotes received a downward impulse, directing them to the year's low at 40.40, which may be reached in the coming days.

Technical indicators have reversed and are holding a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram forms downward bars in the sell zone.

Trading tips

Short positions may be opened after the consolidation below 43.10 with the target at 40.40. Stop loss – 44.20. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 45.10 with the target at 50.00 and stop loss 43.00.

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 eBay Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: corrective growth at the beginning of a new trading week 12.09.2022

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 GBP/USD pair shows ambiguous trading dynamics during the morning session on September 12, consolidating near 1.1600. Investors are in no hurry to open new positions, preferring to wait for the publication of macroeconomic statistics from the UK.

July's gross domestic product (GDP) data is expected to be released today, and analysts' forecasts suggest that the British economy will be able to show growth of 0.5% after declining by 0.6% in June. Also, during the day, traders will pay attention to statistics on the dynamics of industrial production, as well as preliminary estimates of inflation and August GDP from NIESR. Tomorrow, a full report on the labor market for July-August will be published, and on Wednesday, statistics on inflation will be released, which is a key parameter for the Bank of England, which is also set to fight against high consumer prices, despite the threat of a recession. The August indicator may reach another record high of 10.2% YoY.

Last week, Prime Minister Liz Truss announced new economic measures to support the population in the face of the energy crisis. In particular, about 90.0B pounds will be directed to social assistance for households (each family will be paid 400 pounds to compensate for electricity and gas tariffs, which have been steadily rising recently). Also, the new government will impose a limit on accounts of 2.5K pounds a year, which, in turn, will be a catalyst for slowing inflation by 5.0 percentage points, as well as reducing budget spending on social payments and debt servicing. According to analysts' calculations, without the implementation of this initiative, the bill by the beginning of next year would have increased by up to 3.5K pounds a year, and if energy prices continued to rise, by the spring, it would have reached 5.0K pounds, forcing British families to give about 15% their income from heating and electricity.

Support and resistance

On the daily chart, Bollinger bands show a reversal in the horizontal plane: the price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD is growing, maintaining a relatively strong buy signal and above the signal line. Stochastic also shows active growth, close to its highs and indicating that the pound may become overbought in the ultra-short term.

Resistance levels: 1.1647, 1.1700, 1.1759, 1.1800.
Support levels: 1.1600, 1.1531, 1.1442, 1.1380.

Trading tips

Long positions may be opened after the breakout of 1.1647 with the target at 1.1759. Stop loss – 1.1600. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 1.1647 as a resistance and a breakdown of 1.1600 with the target at 1.1442. 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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

PayPal Holdings Inc.: technical analysis 14.09.2022

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.

Shares of PayPal Holdings Inc., an American debit payment processor, correct at 95.00.

On the daily chart, the price is moving in a global downtrend, trying to correct, but it is still premature to talk about full-fledged growth since the quotes have not yet overcome the initial Fibonacci 23.6% correction around 125.00.

On the four-hour chart, a local correction is developing within the corridor of 89.50–102.00, the breakout of which will be a key moment for further global growth of the trading instrument.

Technical indicators reversed and gave a buy signal: fast EMAs on the Alligator indicator crossed the signal line upwards, and the AO oscillator histogram is forming rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 102.00 with the target at 125.00. Stop loss – 98.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 89.50 with the target at 69.00. Stop loss – 95.00.

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 PayPal Holdings Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Apple Inc.: technical analysis 16.09.2022

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.

Shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving in a corrective trend around 152.00.

On the daily chart, the quotes remain within the global Expanding formation pattern, forming a new downward wave, which has already almost reached its intermediate target at the 61.8% Fibonacci full retracement around 146.00.

On the four-hour chart, it can be seen that the current movement is developing according to the classical structure. After rebounding from the initial correction of 23.6% Fibonacci around 163.80, the price continued its global decline, almost breaking the intermediate correction of 50.0% Fibonacci around 151.50, which is key support for the current trend.

Technical indicators confirm the high probability of continued decline: the Alligator indicator's EMA oscillation range expands downwards, and the histogram of the AO oscillator forms downward bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 151.50 with the target at 146.40. Stop loss – 154.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 157.10 with the target at 163.80 and stop loss 155.00.

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

You can learn more about the current situation on Apple Inc. 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 Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: decline pending US Fed decision 19.09.2022

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 near-zero trading dynamics, consolidating at 0.6700. At the end of last week, the AUD/USD pair managed to show a slight corrective growth and retreated from the record lows of June 2020. Market activity remains low as market participants look forward to a two-day meeting of the US Federal Reserve. Investors are counting on an increase in interest rates by the US regulator by another 75 basis points, with some analysts pointing to a possible correction by 100 basis points at once. In addition, the department is expected to publish updated forecasts for inflation and economic growth. Macroeconomic statistics, which have been released recently, allows us to expect that the US economy will cope with a sharp increase in the cost of borrowing. In any case, at the moment the likelihood of a recession remains low, especially compared to Europe.

Australian investors are also waiting for the publication of the minutes of the meeting of the Reserve Bank of Australia (RBA) on Tuesday. Over the past 5 months, the Australian regulator raised the interest rate by 225 basis points to 2.35%. At the same time, the Governor of the RBA, Philip Lowe, pointed to the continuation of the course of tightening monetary policy in the future.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having fallen below the level of "20", reversed into a horizontal plane, indicating the risks of corrective growth in the ultra-short term.

Resistance levels: 0.6750, 0.6800, 0.6853, 0.6900.
Support levels: 0.6700, 0.6650, 0.6600, 0.6550.

Trading tips

Short positions may be opened after a breakdown of 0.6650 with the target at 0.6550. Stop-loss — 0.6700. Implementation time: 2-3 days.

The breakout of 0.6750 may be a signal to open new long positions with the target of 0.6853. Stop-loss — 0.6700.

Use more opportunities of the NPBFX analytical portal: glossary

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

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

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

 

[Antony_NPBFX]

EUR/USD: euro remains under pressure ahead of the publication of the decision of the US Federal Reserve 21.09.2022

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 mixed trading dynamics, consolidating near 0.9950. Investors are in no hurry to open new trading positions, preferring to wait for the publication of the US Federal Reserve decision on interest rates. However, the euro still traded mainly with a downtrend, which again led to the consolidation of the instrument below the psychological level of 1.0000.

Some pressure on the EUR/USD pair was exerted by the deteriorating prospects for the region's economy, in connection with which the authorities are taking decisive action to curb inflation. In particular, the President of the European Central Bank (ECB), Christine Lagarde, spoke the day before, saying that in order to curb a sharp rise in prices, it may be necessary to raise interest rates to levels that will limit economic growth altogether. The current inflation rate in the eurozone is above 9.0% and is unlikely to fall anytime soon.

Macroeconomic data released yesterday in Germany pointed to a sharp rise in producer prices. In August, the Producer Price Index rose by 7.9% after rising by 5.3% a month earlier, while analysts expected a slowdown to 1.5%, and in annual terms, the index accelerated from 37.2% to 45.8%, which also turned out to be higher than the estimated 37.5%.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD is reversing downwards forming a sell signal (trying to consolidate below the signal line). Stochastic, having shown a weak rebound from the level of "20", reversed into a horizontal plane, reacting to the emergence of multidirectional trading dynamics in the ultra-short term.

Resistance levels: 1.0000, 1.0050, 1.0100, 1.0150.
Support levels: 0.9950, 0.9900, 0.9850, 0.9800.

Trading tips

Short positions may be opened after a breakdown of 0.9950 with the target at 0.9850. Stop-loss — 1.0000. Implementation time: 1-2 days.

A rebound from 0.9950 as from support followed by a breakout of 1.0000 may become a signal for opening new long positions with the target at 1.0100. Stop-loss — 0.9950.

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

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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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: pound holds near record lows 23.09.2022

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 is trading with a weak downward momentum, holding near record lows. The GBP/USD pair is testing 1.1230 for a breakdown, remaining under pressure after the US Federal Reserve decided to raise interest rates by 75 basis points. Now the rate is in the range of 3.00-3.25% and, according to the forecasts of the regulator, by the end of this year it can be adjusted to 4.40% (an increase of up to 4.25% was expected earlier), and next year it may be increased up to 4.60% (against the expected 4.50%). The tightening of monetary stimulus will lead to increased pressure on the economy and a slowdown in the growth of Gross Domestic Product (GDP) in the United States this year to 0.2%, and to 1.2% next year.

The pound was slightly supported by the decision of the Bank of England to raise the interest rate by 50 basis points to 2.25%, which coincided with the analysts' forecast, and therefore did not cause significant changes in the market. In addition, traders drew attention to the comments of the British regulator, which suggest that the decline in national GDP may begin as early as the third quarter, and then the economy may enter into recession. The Bank of England also expects inflation to peak in October around 11.0%, after which it will begin to weaken.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is widening from below but does not conform to the development of the "bearish" trend yet. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having approached its lows, reversed into a horizontal plane, indicating risks of an oversold GBP in the ultra-short term.

Resistance levels: 1.1300, 1.1349, 1.1404, 1.1478.
Support levels: 1.1210, 1.1140, 1.1060, 1.1000.

Trading tips

Short positions may be opened after a breakdown of 1.1210 with the target at 1.1060. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1210 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1478. Stop-loss — 1.1210.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

EUR/USD: European currency remains under pressure 26.09.2022

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 downtrend, renewing new record lows and dropping below 0.9550, after which the EUR/USD pair still showed an uncertain corrective rebound.

The instrument was falling against the US dollar at a moderate pace throughout the past week, and the culmination of the "bearish" dynamics fell on Friday, when disappointing statistics came to the market. S&P Global Manufacturing PMI in Germany fell from 49.1 points to 48.3 points in September, the Services PMI decreased from 47.7 points to 45.4 points, and the Composite PMI decreased from 46.9 points to 45.9 points against the expected 46.0 points. In turn, in the euro area, the Manufacturing PMI fell from 48.9 points to 48.2 points, and the Services PMI declined from 49.8 points to 48.9 points.

The focus of investors today will be the speeches of representatives of the European Central Bank (ECB), among which are Luis de Guindos, Fabio Panetta, and the President of the regulator Christine Lagarde.

Meanwhile, European authorities have lifted some of the August restrictions on the import of Russian coal. In particular, companies are now allowed to transport minerals to third countries, including through the eurozone. As noted, the decision was made to fight for food and energy security. At the moment, due to the rapid rise in gas prices and sanctions on its transportation, coal is once again becoming a demanded resource for electricity generation. According to the Bruegel think tank, Russia provided about 70% of the EU's needs for energy solid fuels.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is expanding but it fails to conform to the "bearish" activity at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having reached its lows, is trying to reverse upwards, indicating the risks of EUR being oversold in the ultra-short term.

Resistance levels: 0.9700, 0.9800, 0.9850, 0.9900.
Support levels: 0.9549, 0.9450, 0.9400, 0.9300.

Trading tips

Short positions may be opened after a breakdown of 0.9549 with the target at 0.9400. Stop-loss — 0.9600. Implementation time: 1-2 days.

A rebound from 0.9549 as from support followed by a breakout of 0.9700 may become a signal for opening new long positions with the target at 0.9850. Stop-loss — 0.9620.

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

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

 

[Antony_NPBFX]

Apple Inc.: technical analysis 28.09.2022

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.

Shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving in a corrective trend around the level of 152.00.

On the daily chart, the price is within the global Expanding Formation pattern, forming another descending wave, which almost reached its intermediate target at 61.8% Fibonacci retracement around 147.00.

On the four-hour chart, it is clearly seen that the potential for the continuation of the downward dynamics is quite high, since the quotes of the trading instrument are held between the Fibonacci retracement levels of 50.0% and 61.8%. Consolidation below the level of 147.00 will mean that the correction has turned into a full-fledged trend, the next target for which may be the annual low of 130.00.

At the moment, the EMA fluctuation range on the Alligator indicator continues to expand in the direction of decline, and the AO oscillator histogram, being in the sell zone, is forming new downward bars.

Trading tips

Short positions should be opened after the price consolidates below the full correction level at 147.50 in order to reach the support level of 137.80. Stop-loss — 151.00. Implementation time: 7 days and more.

Long positions should be opened after the price consolidates above the intermediate correction level at 153.00 with the target at 165.00 and stop-loss at 150.00.

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 Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: Swiss authorities lowered forecasts for GDP growth this year 30.09.2022

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

The US dollar shows multidirectional trading dynamics, testing the level of 0.9745 for a breakdown. At the end of the week, "bearish" sentiments are still traced; however, the US currency receives support from macroeconomic data. In addition, investors are confident in the further tightening of monetary policy by the US Federal Reserve, while some of the world's central banks are already carrying out foreign exchange interventions.

In turn, the Swiss franc is under pressure from the macroeconomic background from Europe. In Germany, the Consumer Price Index in September rose from 7.9% to 10.0% in annual terms, while markets expected an increase to only 9.4%, and in monthly terms, the figure accelerated from 0.3% to 1.9% , also well ahead of forecasts at 1.3%. The Harmonized Consumer Price Index for the same period rose from 8.8% to 10.9%, contrary to expectations at 10.0%. Additional pressure on quotes was exerted by data on the eurozone: Economic Sentiment Indicator in September decreased from 97.3 points to 93.7 points with a forecast of 95.0 points, and the Services Sentiment indicator for the same period fell from 8.1 points to 4.9 points with expectations of correction only up to 7.0 points.

The Swiss government has lowered its forecast for Gross Domestic Product (GDP) growth this year to 2.0% from 2.6% in June. For 2023, preliminary estimates have been adjusted from 1.9% to 1.1% amid an evolving energy crisis and a sharp rise in consumer prices, which worsen the economic outlook. The tense geopolitical situation contributes to the negative dynamics, in particular, the escalation of the military conflict in Ukraine, which will continue to put pressure on some industry segments, primarily on the export-oriented sectors of the Swiss economy.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from below, reflecting the ambiguous dynamics of trading in the short term. MACD is going down, keeping a fairly 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 USD in the ultra-short term.

Resistance levels: 0.9762, 0.9807, 0.9868, 0.9930.
Support levels: 0.9700, 0.9650, 0.9600, 0.9550.

Trading tips

Short positions may be opened after a breakdown of 0.9700 with the target at 0.9600. Stop-loss — 0.9762. Implementation time: 2-3 days.

The breakout of 0.9807 may be a signal to open new long positions with the target of 0.9930. Stop-loss — 0.9740.

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

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

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

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

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

 

[Antony_NPBFX]

USD/JPY: US dollar holds near its record highs 03.10.2022

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 American currency continues its moderate growth during the Asian session, again testing the psychological level of 145.00 for a breakout. The US dollar is in high demand among investors in anticipation of further tightening of monetary policy by the US Federal Reserve. It is predicted that by the end of the year the regulator will make at least one more large increase in the indicator, and the adjustment can immediately reach 1.25%. In turn, the Bank of Japan does not change its wait-and-see tactics, as it fears the return of the previous deflationary risks.

The published macroeconomic statistics from Japan put additional pressure on the yen. Tankan Large Manufacturing Index in the third quarter showed a decrease from 9.0 points to 8.0 points, while analysts expected growth to 11.0 points, and the Jibun Bank Manufacturing PMI in September fell from 51.0 points to 50.8 points with a forecast of 51.5 points.

US investors will be watching today for data from the Institute of Supply Management (ISM), which reflects the state of business activity in the national manufacturing industry and is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries. The indicator is projected to decrease from 52.8 points to 52.2 points. In addition, during the day there will be a number of speeches by representatives of the US Federal Reserve.

Support and resistance

On the daily chart, Bollinger Bands are growing moderately. The price range is slightly expanding, but it fails to keep pace with the "bullish" activity of recent days. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic shows a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought dollar in the ultra-short term.

Resistance levels: 145.00, 146.00, 147.00, 148.00.
Support levels: 144.00, 142.54, 141.50, 140.78.

Trading tips

Long positions can be opened after a breakout of 145.00 with the target of 147.00. Stop-loss — 144.00. Implementation time: 2-3 days.

A rebound from 145.00 as from resistance, followed by a breakdown of 144.00 may become a signal for opening of new short positions with the target at 142.54. Stop-loss — 144.80.

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/JPY and trade efficiently with NPBFX.