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[Antony_NPBFX]

USD/CAD: flat trading dynamics 05.10.2022

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

The US dollar shows flat trading dynamics against the Canadian currency, consolidating near 1.3520. Quotes have been actively declining since the beginning of the current week, and in just two trading days the USD/CAD pair fell to the local lows of September 23.

The pressure on the position of the instrument is exerted by weak macroeconomic statistics, which allowed investors to revise their forecasts regarding the pace of further tightening of monetary policy by the US Federal Reserve. In particular, market participants drew attention to the rapid drop in the Manufacturing PMI from 52.8 points to 50.9 points, against a forecast of 52.2 points, according to the Institute for Supply Management (ISM). The negative background intensified today, when a zero trend in the volume of manufacturing orders in the US was recorded in August after falling by 1.0% in the previous month, although analysts expected a value of 0.3%. JOLTS Job Openings in August also adjusted from 11.17 million to 10.053 million.

On Wednesday, the market will focus on Automatic Data Processing's (ADP) private sector employment report, as well as the Institute for Supply Management's (ISM) September data set on US service sector business activity. Canada will publish statistics on International Merchandise Trade for August.

Bank of Canada Governor Tiff Macklem said that high inflation requires policymakers to take decisive action, so officials will continue to raise interest rates despite the fact that the regulator has faced public criticism for increasing the cost of borrowing at a time when many Canadians can hardly afford the goods of the first need. Officials have adjusted the interest rate by 300 basis points in just six months, trying to return inflation to the target level of 2.0%. It is worth noting the effectiveness of the measures taken: in September, the figure fell from 8.1% to 7.0%.

Support and resistance

On the daily chart, Bollinger Bands are growing moderately. The price range is narrowing, reflecting a sharp change of trend in the short term. MACD rushed down, keeping a strong sell signal. Stochastic shows a steady decline, but is currently in close proximity to the zero level, which reflects the risks of oversold US dollar in the ultra-short term.

Resistance levels: 1.3600, 1.3650, 1.3700, 1.3750.
Support levels: 1.3500, 1.3440, 1.3400, 1.3350.

Trading tips

Short positions may be opened after a breakdown of 1.3500 with the target at 1.3350. Stop-loss — 1.3570. Implementation time: 2-3 days.

A rebound from 1.3500 as from support followed by a breakout of 1.3600 may become a signal for opening new long positions with the target at 1.3750. Stop-loss — 1.3520.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the pair returns to record lows 07.10.2022

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 flat dynamics during the Asian session, consolidating near 0.6400.

Investors are waiting for today's publication of macroeconomic statistics from the US on the situation on the labor market in September. Analysts' forecasts suggest that the economy will add about 250.0 thousand new jobs outside the agricultural sector after rising by 315.0 thousand in the previous month, while Unemployment will remain at the same level of 3.7%. A slight decrease in hourly wages is also possible, but otherwise the estimates are fairly neutral.

In the meantime, the data from Australia released the day before put moderate pressure on the instrument. Thus, Export volumes in August added 2.6% after a sharp decline by 9.9% last month, while Imports for the same period increased by 4.5% after an increase of 5.2% earlier, mainly due to the supply of fuels and lubricants. However, a serious downward correction of the AUD/USD quotes is hindered by rising prices for commodities, primarily coal, which is one of the most important Australian export commodities. Meanwhile, Australia's Trade Surplus narrowed slightly in August from 8.733 million to 8.324 million Australian dollars, while analysts had expected the figure to rise to 10.500 million Australian dollars.

Support and resistance

On the daily chart, Bollinger Bands are steadily declining. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD reversed into a descending plane, having formed new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold AUD in the ultra-short term.

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

Resistance levels: 0.6450, 0.6522, 0.6572, 0.6650.
Support levels: 0.6362, 0.6320, 0.6250, 0.6200.

Trading tips

Short positions may be opened after a breakdown of 0.6362 with the target at 0.6250. Stop-loss — 0.6415. Implementation time: 2-3 days.

A rebound from 0.6362 as from support followed by a breakout of 0.6450 may become a signal for opening new long positions with the target at 0.6572. Stop-loss — 0.6380.

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]

USD/CAD: multidirectional trading dynamics 10.10.2022

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 is trading ambiguously, close to 1.3730. Market activity remains low as markets in the US and Canada are closed earlier in the week for national celebrations. Nevertheless, investors have at their disposal enough macroeconomic statistics for analysis.

So, last Friday, the US and Canada published their report on labor markets for September: American data inspired traders with a sharp decline in the unemployment rate from 3.7% to 3.5%, as well as a moderate increase in the number of new jobs outside the agricultural sector by 263.0K, which was slightly better than the market's expectations of an increase of 250.0K. The average hourly wage slowed from 5.2% to 5.0%, maintaining the same rate of increase of 0.3% MoM. Investors believed that strong data on the labor market would allow the US Federal Reserve to continue tightening monetary policy. The next meeting of the regulator should take place in early November.

Canadian statistics were no less optimistic: the change in the number of employed in September increased by 21.1K after a decrease of 39.7K last month, although forecasts suggested an increase of 20.0K. The unemployment rate fell from 5.4% to 5 .2%, staying above the 5.0% level for the fourth consecutive month, and the average hourly wage fell from 5.58% to 5.2%. Immigration Minister Sean Fraser said the government would begin implementing a new reform that will allow more than 500K international students already in Canada to work more than 20 hours a week from November 15, 2022, to December 31, 2023. The initiative aims to address the labor shortage in the country.

Support and resistance

On the daily chart, Bollinger Bands are rising steadily: the price range is narrowing, reflecting the ambiguous nature of trading in the short term. The MACD indicator maintains an upward trend and a poor buy signal (the histogram is above the signal line). Stochastic is growing steadily, quickly approaching its highs, reflecting that USD may become overbought in the ultra-short term.

Resistance levels: 1.3759, 1.3836, 1.3900, 1.4000.
Support levels: 1.3700, 1.3650, 1.3600, 1.3500.

Trading tips

Long positions may be opened after the breakout of 1.3759 with the target at 1.3900. Stop loss – 1.3690. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 1.3759 and the breakdown of 1.3700 with the target at 1.3600. Stop loss – 1.3759.

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/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: consolidation near record lows 12.10.2022

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the NZD/USD pair shows near-zero dynamics, holding near the level of 0.5590.

Today, the minutes of the last meeting of the US Federal Reserve will be published, which may reflect the readiness of the American regulator further to increase the interest rate by 75.0 basis points. However, in the speeches of representatives of the department, there are increasing doubts about the advisability of a sharp increase in the cost of borrowing due to the attendant risks of a slowdown in economic activity. The situation is complicated because measures aimed at tightening monetary policy are being taken by all the world's leading central banks at once.

In the meantime, yesterday's data from New Zealand supported the instrument: retail sales using electronic payment cards in September rose by 1.4% MoM after increasing by 1.0% last month and accelerated from 26.9% to 28.6% YoY. On Wednesday, a report on the number of tourist arrivals will be released: in August, the value rose by 4748.8%, while analysts expected it to decline by 40.9%.

Support and resistance

On the daily chart, Bollinger Bands are actively decreasing: the price range is narrowing from above, reflecting the emergence of ambiguous trading dynamics in the short term. The MACD indicator tries to reverse upwards, keeping its previous sell signal (the histogram is below the signal line). Stochastic, having approached its lows, reversed into an ascending plane, signaling in favor of the development of corrective growth in the nearest time intervals.

Resistance levels: 0.5650, 0.5720, 0.5800, 0.5850.
Support levels: 0.5534, 0.5467, 0.5400, 0.5300.

Trading tips

Short positions may be opened after the breakdown of 0.5534 with the target at 0.5400. Stop loss – 0.5615. Implementation period: 2–3 days.

Long positions may be opened after the breakout of 0.5650 with the target at 0.5800. Stop loss — 0.5580.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

AUD/USD: the Australian dollar retreats from record lows 14.10.2022

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 moderate growth, retreating from the record lows of April 2020, updated the day before, when AUD/USD fell to 0.6170. The instrument reacted to the publication of US data on inflation, which increased the likelihood of the US Federal Reserve continuing its policy of tightening monetary stimulus.

The Harmonized Consumer Price Index (excluding food and energy) in the US accelerated in September from 6.3% to 6.6%, ahead of forecasts at 6.5%. In turn, expectations for inflation in Australia in October, published by the Melbourne Institute, did not change compared to the previous month and amounted to 5.4%, while analysts expected growth to 5.8%.

The focus of investors today is statistics on inflation in China. The Consumer Price Index in annual terms in September rose by 2.8% after rising by 2.5% in the previous month, and in monthly terms added 0.3% after falling by 0.1%, while analysts expected growth by 0.4%. At the same time, the Producer Price Index for the same period slowed down from 2.3% to 0.9%, while the forecast was for an increase of 1.0%. China's monetary authorities are in no hurry to follow the general trend of raising interest rates, and such inflation statistics are likely to only strengthen the regulator's position in the near future.

The President of the World Bank, David Malpass, predicted a possible recession in the global economy as early as 2023 against the backdrop of a slowdown in developed countries and an increase in household debt burden due to the depreciation of national currencies. In addition, the agency predicts that about 7.0% or 570.0 million people will fall into extreme poverty (day spending does not exceed 2.15 dollars a day), noting that the coronavirus pandemic was a turning point that stopped a long period of reduction poverty, and the rapid pace of inflation and the escalation of the military conflict on the territory of Ukraine, which has become a catalyst for rising food prices, only aggravate the situation.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is slightly narrowing, reflecting the ambiguous dynamics of trading in the short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic shows more active growth and is currently located approximately in the center of its area, signaling in favor of the development of corrective growth in the nearest time intervals.

Resistance levels: 0.6362, 0.6450, 0.6522, 0.6572.
Support levels: 0.6250, 0.6200, 0.6140, 0.6100.

Trading tips

Long positions can be opened after a breakout of 0.6362 with the target of 0.6522. Stop-loss — 0.6280. Implementation time: 2-3 days.

A rebound from 0.6362 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of new short positions with the target at 0.6140. Stop-loss — 0.6310.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 17.10.2022

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.

Shares of The Walt Disney Co., the American leader in the entertainment industry, are moving in a downward corrective trend around 94.00.

On the daily chart, the price is within the global downwards channel with dynamic boundaries of 112.00–78.00, having renewed the annual low of 90.50 yesterday.

On the four-hour chart, it can be seen that this mark remains the last barrier for buyers, and a little confidence in its strength is given by the “bullish” divergence signal that is currently being formed on the AO indicator, however, the trend in the dynamics of trading volumes suggests that the price may fall to the level 80.00.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO oscillator histogram forms bars with a downward trend in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 90.50 with the target at 80.00. Stop loss – 95.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 101.00 with the target at 112.00. Stop loss – 95.00.

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]

EUR/USD: consolidation at local highs 19.10.2022

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 dynamics, consolidating near 0.9840 and local highs from October 6. Traders are once again in no hurry to open new positions against the backdrop of some stabilization of the market situation. In particular, analysts pay attention to the easing of energy risks for Europe as prices for "blue fuel" and oil decrease, while the volume of supplies of liquefied natural gas increases. In addition, pressure from the dollar is gradually easing, as the US Federal Reserve increasingly mentions the possibility of slowing down the pace of interest rate hikes in the near future.

Macroeconomic statistics from Europe published yesterday did not have a noticeable impact on the instrument's dynamics. The index for Current Situation in Germany in October from the Center for European Economic Research (ZEW) showed a sharp decline from -60.5 points to -72.2 points, which turned out to be worse than market expectations of a fall to -68.0 points. At the same time, the index of Economic Sentiment in Germany from ZEW for the same period adjusted slightly from -61.9 points to -59.2 points, while forecasts suggested a further decline to -65.7 points. In the eurozone, the ZEW survey reflected a correction in the index of Economic Sentiment in October from -60.7 points to -59.7 points, while the forecast was -60.6 points.

The President of the European Central Bank (ECB), Christine Lagarde, speaking at a meeting of the International Monetary Fund (IMF) predicted a "significant slowdown" in the region's economy in the second half of this year, the catalyst for which will be rapid inflation and reduced international demand. In addition, the official confirmed the continued tightening of monetary stimulus over the next few meetings of the regulator to slow down inflation, which now stands at 10.0%. The "hawks" hope to begin a gradual reduction in the amount of assets on the ECB's balance sheet in early 2023 (now valued at 5.1 trillion euros) by not reinvesting the proceeds from redeemable papers, rather than by selling bonds.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is slightly changing, being spacious enough for the current activity level in the market. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic retains a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought euro in the ultra-short term.

Resistance levels: 0.9900, 0.9950, 1.0000, 1.0050.
Support levels: 0.9850, 0.9800, 0.9750, 0.9666.

Trading tips

Short positions may be opened after a breakdown of 0.9800 with the target at 0.9700. Stop-loss — 0.9850. Implementation time: 2-3 days.

A rebound from 0.9800 as from support followed by a breakout of 0.9850 may become a signal for opening new long positions with the target at 0.9950. Stop-loss — 0.9800.

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

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

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

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

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

 

[Antony_NPBFX]

GBP/USD: the political crisis in the UK puts pressure on the pound quotes 21.10.2022

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

GBP/USD is trading with a multidirectional dynamics, testing the level of 1.1200 for a breakdown. The British currency is still under pressure from the rising US dollar, which is supported by expectations of a tightening of the US Federal Reserve's monetary policy. The Bank of England is also set to further increase the interest rate, given the fact that inflation in the UK in September exceeded the psychological barrier of 10.0%; in addition, the regulator is considering launching a quantitative tightening program.

At the same time, the Bank of England is forced to respond not only to economic challenges, but also to the political crisis. The day before, British Prime Minister Liz Truss announced her resignation after only 45 days in office, but the official will continue to fulfill her duties until the elections, which are to be held next week. Analysts call the former Chancellor of the Exchequer Rishi Sunak the most likely candidate for the post of chairman of the Conservative Party and the head of government. In addition, Boris Johnson announced the decision to return to his political career. Truss resigned after being criticized for an initiative to reduce the fiscal burden and subsidize utility bills.

Today, investors are watching the publication of a block of macroeconomic statistics from the UK on the dynamics of Retail Sales: on a monthly basis, the indicator slowed down the negative dynamics from -1.6% to -1.4%, and on an annualized basis, on the contrary, strengthened it from -5.4% to -6.9%, while Retail Sales excluding Fuel on a monthly basis corrected from -1.6% to -1.5% with a forecast of -0.3%, and from -5.0% to -6.2% on an annual basis, although analysts expected -4.1%. Weak statistics may push the pound quotes to a new decline.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short/ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1.1300, 1.1494, 1.1600, 1.1700.
Support levels: 1.1150, 1.1060, 1.0922, 1.0600.

Trading tips

Short positions may be opened after a breakdown of 1.1150 with the target at 1.0900. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1150 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1600. Stop-loss — 1.1150.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

USD/JPY: US currency returns to growth 24.10.2022

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 dollar resumed a fairly active growth against the Japanese yen, recovering from an equally sharp decline last Friday. The USD/JPY pair is again testing 149.00 for a breakout, receiving support from the upcoming US Federal Reserve meeting, which will be held on November 1-2. Forecasts suggest that the regulator will again decide to raise the interest rate by 75 basis points, after which the Fed's rhetoric should soften somewhat. Many board members are already in favor of a more cautious and balanced approach to increasing the cost of borrowing, reasonably fearing the risks of a recession in the US and global economies.

The traders are also awaiting the results of the Bank of Japan meeting, which will be held on October 28. The regulator does not have an issue of raising interest rates; however, the Bank somehow has to respond to a sharp unilateral weakening of the yen, which last week fixed below the psychological level of 150.00. It is likely that the Bank of Japan will again signal the possibility of foreign exchange interventions.

In the meantime, macroeconomic data provide little support to the yen. Jibun Bank's Manufacturing PMI fell from 50.8 points to 50.7 points in October, better than market expectations of a fall to 50.4 points, while the Services PMI showed a modest rise from 52.2 points to 53.0 points, ahead of market forecasts at 52.1 points.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting ambiguous nature of trading in the ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought American currency in the ultra-short term.

Resistance levels: 149.00, 150.00, 151.00, 152.00.
Support levels: 148.00, 147.00, 146.00, 145.00.

Trading tips

Long positions can be opened after a breakout of 149.00 with the target of 151.00. Stop-loss — 148.00. Implementation time: 1-2 days.

A rebound from 149.00 as from resistance, followed by a breakdown of 148.00 may become a signal for opening of new short positions with the target at 146.00. Stop-loss — 149.00.

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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Pfizer Inc.: technical analysis 26.10.2022

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.

Shares of Pfizer Inc., a US pharmaceutical company, are correcting slightly above 45.00.

On the daily chart, the price is approaching the previously implemented global Triangle pattern with dynamic boundaries 48.00–50.00, rising towards the support line.

On the four-hour chart, it can be seen that the upward dynamics consolidate within the local Head and shoulders pattern, the Neckline of which is around 44.00, and the target for processing this signal is 48.00, which coincides with the support line of the global Triangle pattern.

Technical indicators are ready to reverse and issue a buy signal: fast EMAs on the Alligator indicator have come close to the signal line, and the AO oscillator histogram is forming upward bars in the sell zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 46.50 with the target at 48.30. Stop loss — 45.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 44.00 with the target at 41.60. Stop loss — 45.00.

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 Pfizer Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 28.10.2022

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.

Shares of Netflix Inc., an American entertainment company, are on a corrective trend at 296.00.

On the daily chart, the price continues its confident upward trend, overcame the initial Fibonacci 23.6% correction level, located at 287.00, and is trying to consolidate above it.

On the 4-hour chart, we can see that the upside potential has increased significantly after this key mark has been overcome, and the next target could be the 38.2% Fibonacci base retracement level at 363.00. Opening short positions is possible now only in case of reverse consolidation below the initial correction level of 287.00.

Technical indicators maintain a stable upward signal: the range of fluctuations of the EMA on the Alligator indicator is expanding in the direction of growth, and the histogram of the AO oscillator is forming rising bars, rising in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 315.00 with the target at 363.00. Stop loss – 300.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction and consolidation of the price below 286.00 with the target at 212.00. Stop loss – 300.00.

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 Netflix Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: weak growth at the beginning of the new trading week 31.10.2022

Good afternoon, dear forum visitors!

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

Current trend

GBP/USD is trading with a multidirectional dynamics, testing the level of 1.1200 for a breakdown. The British currency is still under pressure from the rising US dollar, which is supported by expectations of a tightening of the US Federal Reserve's monetary policy. The Bank of England is also set to further increase the interest rate, given the fact that inflation in the UK in September exceeded the psychological barrier of 10.0%; in addition, the regulator is considering launching a quantitative tightening program.

At the same time, the Bank of England is forced to respond not only to economic challenges, but also to the political crisis. The day before, British Prime Minister Liz Truss announced her resignation after only 45 days in office, but the official will continue to fulfill her duties until the elections, which are to be held next week. Analysts call the former Chancellor of the Exchequer Rishi Sunak the most likely candidate for the post of chairman of the Conservative Party and the head of government. In addition, Boris Johnson announced the decision to return to his political career. Truss resigned after being criticized for an initiative to reduce the fiscal burden and subsidize utility bills.

Today, investors are watching the publication of a block of macroeconomic statistics from the UK on the dynamics of Retail Sales: on a monthly basis, the indicator slowed down the negative dynamics from -1.6% to -1.4%, and on an annualized basis, on the contrary, strengthened it from -5.4% to -6.9%, while Retail Sales excluding Fuel on a monthly basis corrected from -1.6% to -1.5% with a forecast of -0.3%, and from -5.0% to -6.2% on an annual basis, although analysts expected -4.1%. Weak statistics may push the pound quotes to a new decline.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short/ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1.1300, 1.1494, 1.1600, 1.1700.
Support levels: 1.1150, 1.1060, 1.0922, 1.0600.

Trading tips

Short positions may be opened after a breakdown of 1.1150 with the target at 1.0900. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1150 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1600. Stop-loss — 1.1150.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

EUR/USD: eurozone economy slowed down in the third quarter 02.11.2022

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 flat trading dynamics, consolidating near 0.9885.

Investors are in no hurry to open new trading positions, preferring to wait for the results of the two-day meeting of the US Federal Reserve, which are expected to give signals about the slowdown in further tightening of monetary policy. At the same time, the market expects that today the regulator will announce another interest rate hike by 75 basis points to 4.0%. In addition, the release of data from Automatic Data Processing (ADP) on Nonfarm Payrolls for October is expected, which precedes the publication of the final report on the US labor market at the end of this week.

Data on Trade Balance and Unemployment Rate will be published today in Germany. Current forecasts suggest that against the background of a sharp slowdown in exports from 1.6% to 0.1%, the trade surplus in September will decrease from 1.2 billion euros to 0.7 billion euros. The Unemployment Rate, according to expectations, will not change in October; however, the Unemployment Change is likely to increase from 14.0 thousand to 15.0 thousand. In addition, according to Eurostat, the economy of the European Union showed growth in the third quarter, and against the backdrop of estimates of Gross Domestic Product (GDP), a recession will not occur this year. In the second quarter, the indicator rose by 0.8% in the euro area and by 0.7% in the EU as a whole, but on an annualized basis in the third quarter it slowed down to 2.1%. The most difficult situation is noted in the economies of Latvia, Austria and Belgium, where GDP in the third quarter fell by 1.7%, 1.0% and 1.9% respectively. The day before, the President of the European Central Bank (ECB), Christine Lagarde, in an interview with the Delfi news agency, said that the regulator should continue to raise interest rates to fight inflation, even if the likelihood of a recession in the eurozone increases.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic retains a steady downtrend but is located in close proximity to its lows, which indicates the risks of oversold euro in the ultra-short term.

Resistance levels: 0.9900, 0.9950, 1.0000, 1.0050.
Support levels: 0.9850, 0.9800, 0.9750, 0.9666.

Trading tips

Short positions may be opened after a breakdown of 0.9850 with the target at 0.9750. Stop-loss — 0.9900. Implementation time: 2-3 days.

The breakout of 0.9900 may be a signal to open new long positions with the target of 1.0000. Stop-loss — 0.9850.

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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Alibaba Group Holdings Ltd.: technical analysis 04.11.2022

Good afternoon, dear forum visitors!

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

Shares of Alibaba Group Holdings Ltd., one of the world's largest e-commerce companies, correct at 65.00.

On the daily chart, the price is falling within a narrow downwards channel with dynamic boundaries of 50.00–80.00 and today it may try to renew the annual minimum at 62.00.

On the 4-hour chart, it can be seen that the downtrend has a high potential to continue, and the price may receive additional bearish momentum if it consolidates below 62.00, and then the next support will be 53.00. In case of a reverse movement, growth will be limited by the resistance line of the downwards channel around 81.00.

Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO oscillator histogram forms bars deep in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 62.00 with the target at 53.00. Stop loss — 66.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 69.00 with the target at 81.00. Stop loss — 65.00.

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 Alibaba Group Holdings Ltd. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro is trying to keep growing 07.11.2022

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 weak growth, developing a strong "bullish" signal formed at the end of last week. The EUR/USD pair is testing 0.9940 for a breakout, trying to update Friday's local highs.

The instrument is significantly supported by the report on the US labor market for October, which reflected the growth in the number of Nonfarm Payrolls by 261.0 thousand against the expected increase by 200.0 thousand, while the September figure was adjusted from 263.0 thousand to 315.0 thousand. At the same time, the report indicated an increase in the Unemployment Rate in October from 3.5% to 3.7%, while the forecast was 3.6%. Thus, given the relatively optimistic situation on the labor market, investors strengthened their confidence that in the near future the US Federal Reserve may slow down the pace of interest rate increases. At the same time, there is no need to talk about any pause in the cycle of adjustments to the value yet, which was clearly reported by the Chair of the regulator, Jerome Powell, the day before.

In turn, moderate support for the euro last Friday was provided by macroeconomic statistics from Europe on business activity in the services sector from S&P Global. In October, the Services PMI in the euro area increased from 48.2 points to 48.6 points with neutral forecasts, and the Composite PMI in the Manufacturing sector over the same period corrected from 47.1 points to 47.3 points.

Last week it became known that after Russia sent additional volumes of gas to a pipeline branch in Turkey, the official representative of the President of the country, Ibrahim Kalyn, said that European countries can receive "blue fuel" through the Turkish hub, and the country is ready to make such a proposal already in the near future, which can help the European industry, which is experiencing a significant shortage of energy. In September, the EU Producer Price Index rose by only 1.6%, which led to a slowdown in the annual rate to 41.9% from 43.3%, and in October an even greater decline is expected, which indicates increased pressure on the industrial sector.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from below, reflecting the mixed dynamics of trading in the short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is already approaching its highs, indicating the risks of overbought euro in the ultra-short term.

Resistance levels: 0.9950, 1.0000, 1.0050, 1.0100.
Support levels: 0.9900, 0.9850, 0.9800, 0.9750.

Trading tips

Long positions can be opened after a breakout of 0.9950 with the target of 1.0050. Stop-loss — 0.9900. Implementation time: 2-3 days.

A rebound from 0.9950 as from resistance, followed by a breakdown of 0.9900 may become a signal for opening of new short positions with the target at 0.9800. Stop-loss — 0.9950.

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

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

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

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

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

 

[Antony_NPBFX]

USD/JPY: Bank of Japan intends to stick to the current course of monetary policy 09.11.2022

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

During the Asian session, the USD/JPY pair's dynamics are ambiguous, and it consolidates near 145.50 and local lows from October 27.

The US currency has been under pressure since the end of last week when a controversial report on the labor market was published, and investors again actively started talking about a possible easing of the US Federal Reserve's rhetoric. At the moment, the "bearish" activity in the dollar is decreasing ahead of the results of the midterm elections in the country, as well as against the backdrop of expectations for the publication of statistics on consumer inflation on Thursday: the currency may react positively to the victory of the Republicans, as they promise to pay more attention to domestic economic problems of the United States.

The macroeconomic statistics from Japan released on Wednesday do not significantly impact the dynamics of the trading instrument: the volume of bank lending in October rose by 2.7% after an increase of 2.3% last month against expectations of 2.5%. Eco Watchers current situation index increased from 48.4 points to 49.9 points, while analysts expected a decrease to 47.1 points, but the same agency's forecast for the same period fell from 49.2 points to 46 .4 points, contrary to the opinion of experts about the growth to 49.4 points.

In a summary of opinions published yesterday, the Bank of Japan stressed its commitment to the current monetary policy, which includes steps to slow inflation to the target value of 2.0%. Still, it noted the need to consider the impact of consumer price growth, which reached 3.0% in September for the first time in three decades, on the purchasing power of households, as companies prefer to pass their costs on to consumers. At the end of last month, the Japanese government presented a 199.0B dollars plan to help the population, including subsidizing utility bills and supplies of "black gold" to curb oil prices.

Support and resistance

On the daily chart, Bollinger bands are moderately declining. The price range is expanding from below but not as fast as the "bearish" activity develops. MACD is falling, keeping a strong sell signal (the histogram is below the signal line). Stochastic shows similar dynamics but is close to its lows, indicating that the dollar may become oversold in the nearest time intervals.

Resistance levels: 146.00, 147.00, 148.27, 149.00.
Support levels: 145.00, 144.00, 143.51, 142.54.

Trading tips

Short positions may be opened after the breakdown of 145.00 with the target at 143.51. Stop loss – 145.80. Implementation period: 1–2 days.

Long positions may be opened after a rebound from 145.00 and the breakout of 146.00 with the target at 148.00. Stop loss – 145.00.

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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 11.11.2022

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 stocks of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social networking site Facebook, continue to trade in a downtrend and are at 111.00.

On the daily chart, a global downtrend is forming, within which the price moves in a downward corridor with the boundaries of 85.00–130.00, reversing upwards after reaching the support line.

On the four-hour chart, it is clear that the prospects for growth will remain, but the instrument needs to work out the recent price gap that started from 122.00. In case of a reversal of quotes and a downward movement, the nearest support is the end of the gap, around 103.00.

Technical indicators confirm the likelihood of an upward correction: fast EMAs on the Alligator indicator are below the signal line, actively approaching it, and the AO oscillator histogram is forming upward bars in the sell zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 122.00 with the target at 154.00. Stop loss — 115.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 103.00 with the target at 88.00. Stop loss – 108.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the instrument is showing correctional dynamics 14.11.2022

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 showing mixed trading dynamics, reversing downwards after a solid "bullish" rally last week. Against the backdrop of the publication of data on inflation in the US on Thursday, November 10, the Australian dollar showed steady growth, updating local highs from September 20. In October, the Consumer Price Index slowed down more than expected from 8.2% to 7.7%, which strengthened investors' confidence in the reduction in the pace of interest rate increases by the US Federal Reserve. At the moment, the vast majority of analysts expect only a 50 basis point correction in December, while before the release of the data this probability was estimated at only 50%.

Investor activity is likely to remain subdued today, as practically none noteworthy macroeconomic publications are planned. Tomorrow, the minutes of the meeting of the Reserve Bank of Australia are expected to be released, as well as a block of statistics from China, where, among other things, October data on the dynamics of Industrial Production and Retail Sales will be published. Current forecasts suggest that production will slow down from 6.3% to 5.2% and sales will decline from 2.5% to 1.0%.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic resumed active growth at the end of last week, but at the moment it is again near its highs, indicating the risks of the Australian dollar being overbought in the ultra-short term.

Resistance levels: 0.6715, 0.6750, 0.6800, 0.6853.
Support levels: 0.6650, 0.6572, 0.6520, 0.6450.

Trading tips

Long positions can be opened after a breakout of 0.6715 with the target of 0.6853. Stop-loss — 0.6650. Implementation time: 2-3 days.

A rebound from 0.6715 as from resistance, followed by a breakdown of 0.6650 may become a signal for opening of new short positions with the target at 0.6520. Stop-loss — 0.6715.

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]

Exxon Mobil Corp.: technical analysis 16.11.2022

Good afternoon, dear forum visitors!

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

The shares of ExxonMobil Corp., a US oil company, are rising within an uptrend, trading near 114.00.

A global uptrend is forming on the daily chart, which is a consequence of implementing the global Triangle pattern with an upper border around 96.00.

On the four-hour chart, it is clear that the current growth has high prospects for continuation since the main target for the pattern around 120.00 has not yet been worked out. Given the structure of the current wave, it is obvious that after a local correction to 108.00, the quotes reversed and formed a new upward impulse.

Technical indicators strengthen the buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, and the AO oscillator histogram forms bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 115.00 with the target at 120.00. 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 108.80 with the target at 102.00. Stop loss – 101.00.

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 Exxon Mobil Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Alibaba Group Holdings Ltd.: technical analysis 18.11.2022

Good afternoon, dear forum visitors!

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

Shares of Alibaba Group Holdings Ltd., one of the world's largest e-commerce companies, correct at 84.00.

On the daily chart, the price has left the narrow downwards channel with dynamic boundaries of 40.00–75.00 and consolidated above the initial correction of 23.6% Fibonacci around 77.00.

The four-hour chart shows that the uptrend has a high potential to continue, and the rate of price growth may increase if it consolidates above the 38.2% Fibonacci base retracement at 86.00, after which the next resistance will be the full retracement level at 61.8% Fibonacci at 101.50. The reverse decline will be capped by the low of the year at 62.00.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO oscillator histogram forms upward bars, moving into the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 86.00 with the target at 101.50. Stop loss — 80.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction and consolidation of the price below 77.00 with the target at 62.00. Stop loss — 83.00.

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 Alibaba Group Holdings Ltd. and trade efficiently with NPBFX.