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[Antony_NPBFX]

Starbucks Corp.: technical analysis 21.11.2022

Good afternoon, dear forum visitors!

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

Shares of Starbucks Corp., one of the largest companies in the world, which owns the chain of coffee houses of the same name, are moving within a corrective trend around 98.00.

On the daily chart, the price is near the resistance line of the global correctional channel with dynamic boundaries 85.00–100.00, getting ready to break it.

On the four-hour chart, the range resistance line coincides with the Fibonacci 61.8% full retracement level at 99.50, consolidation above, which means the correction will enter the trend stage, indicating a new global target at 106.60. The quotes decline looks unlikely, but it will become possible if the trading instrument consolidates below an intermediate correction of 50.0% Fibonacci around 93.80.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, moving away from the signal line, 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 99.50 with the target at 106.60. Stop loss — 95.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 93.80 with the target at 88.40. Stop loss — 96.00.

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 Starbucks Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro is trying to reverse into corrective growth 23.11.2022

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 dynamics, testing the level of 1.0310 for a breakout. Traders are in no hurry to open new positions in anticipation of today's publication of the minutes of the US Federal Reserve meeting, which may clarify the prospects for the regulator's monetary policy.

At the moment, forecasts suggest that the interest rate will be raised by 50 basis points in December, but the Fed is unlikely to stop there. Representatives of the US Federal Reserve generally agree that it is premature to talk about the imminent end of the monetary policy tightening cycle. In particular, Loretta Meister and Mary Daly made "hawkish" comments the day before, also noting that the rate of the rate hike may be reduced in the future. An increase in interest rates by 50 basis points is expected in December from the European Central Bank (ECB), and unlike the US Federal Reserve, the European regulator has to act much more cautiously, due to the proximity of the region's economy to recession.

The focus of investors today will be statistics on business activity from S&P Global for November. Current forecasts suggest that the S&P Global Manufacturing PMI will decline from 47.3 points to 47.0 points, and the Services PMI may decline from 48.6 points to 48.0 points.

Also yesterday it became known that the authorities of the European Union proposed to slightly change the key provisions on limiting prices for the supply of Russian "black gold", as well as provide for a phased 45-day transition to the new rules. According to Bloomberg, it will affect oil loaded before the date of entry into force of sanctions on December 5 and unloaded before January 19. It is expected that the price ceiling will be set in the region of 40.0-60.0 dollars per barrel, but even now the initiative is causing controversy among representatives of the countries of the bloc: in particular, France is in favor of these measures, while Germany is against it. If EU leaders approve the new pricing scheme, it will come into effect from January 1, 2023.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, which has rebounded from the level of "20", is trying to reverse upwards, signaling in favor of the development of corrective growth in the near future.

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

Trading tips

Long positions can be opened after a breakout of 1.0350 with the target of 1.0450. Stop-loss — 1.0300. Implementation time: 2-3 days.

A rebound from 1.0350 as from resistance, followed by a breakdown of 1.0300 may become a signal for opening of new short positions with the target at 1.0200. Stop-loss — 1.0350.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Bank of America Corp.: technical analysis 25.11.2022

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.

Shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within the corrective trend around 37.00.

On the daily chart, the price managed to consolidate above the resistance line of the descending corridor with the boundaries of 28.00–36.00 and is now trying to stay above the 38.2% Fibonacci retracement level of 37.10.

On a four-hour timeframe, it can be seen that overcoming this level will become a catalyst for the movement of the quotes of the trading instrument towards two goals: the level of an intermediate correction of 50.0% at 39.60 and the level of a full correction of 61.8% at 42.00.

Technical indicators maintain a global buy signal, working out the local correction: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is forming new bars trading in the buy zone.

Trading tips

Long positions should be opened after the price consolidates above the local resistance of 38.50 with the target of 42.00. Stop-loss — 36.00. Implementation time: 7 days and more.

Short positions can be opened after the price consolidates below the support level of 37.00 with the target of 34.20. Stop-loss can be set above the local support at 39.00.

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 Bank of America Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 28.11.2022

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., one of the leaders in the global entertainment industry, are moving in a corrective trend around 99.00.

On the daily chart, the price is within the global Triangle pattern with dynamic boundaries 102.00–85.00 and narrows the range of fluctuations, approaching the resistance line at 101.00.

On the four-hour chart, the asset has already entered the last third of the pattern, which is one of the signs of an imminent exit from it. A possible reversal is also indicated by the quotes reaching its upper limit at 100.00, which was accompanied by a significant drop in trading volumes.

Technical indicators have significantly narrowed the fluctuation range: fast EMAs on the Alligator indicator are still below the signal line, and the AO oscillator histogram remains in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 95.00 with the target at 86.50. Stop loss – 100.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 101.50 with the target at 113.00. Stop loss – 96.00.

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]

USD/CHF: US dollar corrects after four-day rise 30.11.2022

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 a slight decrease against the Swiss franc, retreating from its local highs from November 22. The USD/CHF pair is testing 0.9520 for a breakdown, waiting for new drivers to appear on the market. In particular, updated statistics on the dynamics of Gross Domestic Product (GDP) for the third quarter will be released today in the US. Toward the end of the trading session, a speech by the Chair of the US Federal Reserve, Jerome Powell, is expected, as well as the publication of the Beige Book, an economic review from the regulator. In addition, a report from Automatic Data Processing (ADP) on employment in the private sector in November will be presented on Wednesday: current forecasts suggest a slowdown in dynamics from 239.0 thousand to 200.0 thousand.

In turn, November data on the index of Leading Indicators from the Swiss Economic Institute (KOF) will be published in Switzerland today. Analysts expect to see a moderate increase in the index from 90.9 points to 91.3 points. Also during the day the index of Economic Expectations from the Center for European Economic Research (ZEW) will be published. Current forecasts suggest a noticeable increase in the indicator from -53.1 points to -41.9 points. Tomorrow, November data on the dynamics of consumer inflation, which is expected to remain at 0.1% MoM and 3.0% YoY, will be published in Switzerland.

Meanwhile, the head of the Swiss Federal Commission for Electricity Supply, Werner Luginbühl, said that the risks of a shortage of energy resources are still relevant and called on the Swiss to save them more actively, despite the warm weather in November. The country's partners, Germany and France, will launch nuclear power plants this winter to avoid a negative scenario with interruptions in the supply of heating.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short/middle term. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought American dollar in the ultra-short term.

Resistance levels: 0.9550, 0.9600, 0.9650, 0.9700.
Support levels: 0.9478, 0.9400, 0.9350, 0.9300.

Trading tips

Long positions can be opened after a breakout of 0.9550 with the target of 0.9650. Stop-loss — 0.9478. Implementation time: 2-3 days.

A rebound from 0.9550 as from resistance, followed by a breakdown of 0.9478 may become a signal for opening of new short positions with the target at 0.9350. Stop-loss — 0.9550.

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]

Netflix Inc.: technical analysis 02.12.2022

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 and movie and TV series streaming service, are on a corrective trend at 316.00.

On the daily chart, the price continues its confident upward trend within the global corridor with dynamic boundaries 238.00–330.00, approaching the resistance line as close as possible.

The four-hour chart shows that the probability of an upward movement after the breakout of the key level of the initial correction of 23.6% Fibonacci around 289.00 has increased significantly. The next target for quotes may be the basic correction of 38.2% Fibonacci around 366.00, and to reach it, the trading instrument needs to consolidate above the channel resistance line around 330.00.

Technical indicators reinforce the buy signal: the range of fluctuations of the EMA on the Alligator indicator expands in the direction of growth, and the histogram of the AO oscillator forms upward bars, rising in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 330.00 with the target at 366.00. Stop loss — 320.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 289.00 with the target at 247.00. Stop loss — 300.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 05.12.2022

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.

Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving in a corrective trend at 123.00.

On the daily chart, a global downtrend forms, within which the price moves in a downward corridor with the boundaries of 80.00–133.00, approaching the resistance line.

On the four-hour time interval, it is clear that there are prospects for the growth of quotations, as evidenced by the active working out of the price gap by the trading instrument, which began from 122.00. In case of a reversal and a downward movement, the nearest support is the local minimum of the last week, around 109.00.

Technical indicators confirm the likelihood of an upward correction, almost giving a buy signal: fast EMAs on the Alligator indicator are ready to cross the signal line upwards, and the AO oscillator histogram entered into the buy zone, forming the first upward bar there.

Trading tips

Long positions may be opened after the price rises and consolidates above 133.00 with the target at 155.00. Stop loss – 125.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 109.00 with the target at 88.00. Stop loss — 115.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 07.12.2022

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.

Shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 176.00.

On the daily chart, the price has left the wide downward channel with dynamic boundaries 174.00–150.00, consolidation above the resistance line at 174.00.

On the four-hour chart, the ascending wave looks like an independent corridor with boundaries of 180.00–168.00, within which the trading instrument is preparing for a corrective decline. The consolidation above the local high at 179.00 will mean continued global growth with the target at 183.00.

Technical indicators hold a buy signal but allow for a correction: the EMA fluctuation range on the Alligator indicator is gradually narrowing, and the AO histogram is forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 174.00 with the target at 168.00. Stop loss – 177.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 179.00 with the target at 183.00. Stop loss – 177.00.

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]

AUD/USD: the RBA decision supports the quotes 09.12.2022

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, recovering from a strong decline at the beginning of the week, when the AUD/USD pair retreated from its local highs from September 13. The instrument is testing the level of 0.6800 for a breakout, taking advantage of the strengthening of corrective sentiments in the US currency.

This week, the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to a 10-year high of 3.1%. This was already the eighth adjustment since May, and in total the indicator has already added 300 basis points. The Governor of the regulator, Philip Lowe, said that officials will continue to have a "hawkish" monetary policy to combat record inflation, but will base their decisions on macroeconomic data, as well as an assessment of the outlook for inflation and the labor market. The January Consumer Price Index report is likely to show an increase to 8.0% in the fourth quarter, but in 2024, according to preliminary estimates, the figure may drop to 3.0%, while Gross Domestic Product (GDP) in 2023-2024 is expected at the level of 1.5%.

However, a more confident growth of the Australian dollar is hampered by ambiguous macroeconomic statistics from Australia and China. Australian data released yesterday showed exports down 1.0% in October after rising 7.0% a month earlier, while Imports also fell 1.0% after rising 0.4% in September. As a result, the Trade Surplus corrected from 12.444 million Australian dollars to 12.217 million Australian dollars. In turn, today's data from China disappointed investors with a 0.2% fall in the Consumer Price Index in November after rising by 0.1% in the previous month, and in annual terms, inflation slowed down from 2.1% to 1.6%, which turned out to be better than analysts' expectations of a reduction to 1.0%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is actively narrowing, pointing at ambiguous nature of trading this week. MACD indicator is growing, forming a new buy signal (located above the signal line). Stochastic shows a similar trend, bouncing off the "20" level in the middle of the week.

Current showings of the indicators do not contradict the development of the "bullish" trend in the near future.

Resistance levels: 0.6800, 0.6850, 0.6900, 0.6950.
Support levels: 0.6750, 0.6700, 0.6650, 0.6583.

Trading tips

Long positions can be opened after a breakout of 0.6800 with the target of 0.6900. Stop-loss — 0.6750. Implementation time: 1-2 days.

A rebound from 0.6800 as from resistance, followed by a breakdown of 0.6750 may become a signal for opening of new short positions with the target at 0.6650. Stop-loss — 0.6800.

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]

ExxonMobil Corp.: technical analysis 12.12.2022

Good afternoon, dear forum visitors!

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

Shares of ExxonMobil Corp., an American oil company, are falling within a local corrective trend, trading at 103.00.

On the daily chart, the formation of a global uptrend continues, and the price is currently correcting, falling towards the resistance line of the global triangle pattern, coinciding with the 61.8% Fibonacci full retracement level of around 95.50.

In the four-hour timeframe, the quotes have almost reached the 38.2% Fibonacci base correction level at 102.70, and consolidation below it will mean the start of a full-fledged decline.

Technical indicators reversed and gave a sell signal: fast EMAs on the Alligator indicator crossed the signal line downwards, and the AO oscillator histogram is forming downward bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 102.70 with the target at 95.50. Stop loss — 105.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 107.20 with the target at 114.40. Stop loss – 104.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

General Electric Co.: technical analysis 14.12.2022

Good afternoon, dear forum visitors!

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

Shares of General Electric Co., an American multi-industry corporation, are moving within a global upward correction at 82.00.

On the daily chart, the price is within an ascending channel with dynamic boundaries 89.00–65.00 and reverses after reaching the resistance line at 88.00.

On a four-hour timeframe after reaching the resistance line, the quotes formed a Head and shoulders reversal pattern with the Neckline at 84.00, which has already begun to work out, and the downside potential is currently higher.

Technical indicators are ready to reverse and receive a sell signal: fast EMAs on the Alligator indicator have crossed each other and are approaching the signal line, while the AO oscillator histogram is forming downward bars, almost reaching the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 81.00 with the target at 75.00. Stop loss — 84.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 84.10 with the target at 88.00. Stop loss — 81.00.

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 General Electric Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 16.12.2022

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 and movie and series streaming service, are correcting at 290.00.

On the daily chart, the price is growing within the global corridor with dynamic boundaries of 253.00–330.00, moving away from the resistance line and returning to the middle of the range.

On the four-hour chart, the price returned to the initial Fibonacci 23.6% retracement at 290.00, and upward potential eased, allowing a decline to the November 7 low at 253.00.

Technical indicators keep a global buy signal: the range of fluctuations of the EMA on the Alligator indicator is quite wide, and the histogram of the AO oscillator forms corrective bars in the buying zone.

Trading tips

Long positions may be opened after a reversal, growth, and price consolidation above 326.50 with the target at 367.00. Stop loss — 320.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 290.00 with the target at 253.00. 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]

Meta Platforms Inc.: technical analysis 19.12.2022

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.

Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving in a corrective trend at 119.00.

On the daily chart, there is a formation of a global downtrend, within which the price, having sharply decreased, formed a price gap of 100.00–130.00 and is now trying to work it out.

The four-hour chart shows that the prospects for quotes growth are not high, and the movement is developing within the local ascending corridor with dynamic boundaries of 116.00–132.00, and the key resistance is 124.00, which market participants have already tested unsuccessfully twice.

Technical indicators confirm the likelihood of an upward correction, holding a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms corrective bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 124.00 with the target at 138.00. Stop loss – 120.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 113.00 with the target at 100.00. Stop loss – 120.00.

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]

XAU/USD: "bears" hold the lead in overall positions 21.12.2022

Good afternoon, dear forum visitors!

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

Current trend

Gold prices are corrected, retreating from local highs of December 13, updated the day before. The XAU/USD pair showed a rather active growth, which was due to the strengthening of corrective moods in the US currency, which reacted negatively to the publication of statistics from the US on the housing market. Another factor in the "bullish" dynamics of the instrument was the fear of a global recession against the backdrop of tightening monetary policy by the world's leading financial regulators. Last week, the US Federal Reserve, the European Central Bank (ECB) and the Bank of England raised interest rates by 50 basis points and also indicated that they expect slower monetary tightening going forward. Meanwhile, the EU economy is close to recession, and the Bank of England, in turn, says that the process of slowdown in the UK economy has already begun.

Today, the focus of investors will be statistics from the US on the December level of Consumer Confidence and the November dynamics of Existing Home Sales. Investors will also pay attention to Canadian statistics on inflation in November: current forecasts suggest that the Consumer Price Index will slow down from 0.7% to 0.4% MoM, but accelerate in annual terms from 6.9% to 7.4%.

Meanwhile, according to the report of the US Commodity Futures Trading Commission (CFTC), last week the number of net speculative positions in gold amounted to 125.6 thousand against 115.1 thousand a week earlier. "Bears" still hold the lead in general positions among swap dealers, and their number is 203.135 thousand against 91.509 thousand for "bulls". Last week, sellers opened 13.606 thousand more deals, and buyers opened 0.122 thousand more, which indicates an increased demand for the metal.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" activity at the moment. MACD indicator is growing, 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 gold in the ultra-short term.

Resistance levels: 1816.62, 1828.22, 1843.37, 1857.27.
Support levels: 1800.00, 1786.28, 1765.66, 1753.09.

Trading tips

Long positions can be opened after a breakout of 1816.62 with the target of 1857.27. Stop-loss — 1800.00. Implementation time: 2-3 days.

A rebound from 1816.62 as from resistance, followed by a breakdown of 1800.00 may become a signal for opening of new short positions with the target at 1765.66. Stop-loss — 1816.62.

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[Antony_NPBFX]

NZD/USD: corrective growth at the end of the trading week 23.12.2022

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

The New Zealand dollar shows corrective growth, recovering from a four-day decline, as a result of which the NZD/USD pair updated local lows from November 30. The instrument is testing the level of 0.6270 for a breakout, receiving support from technical factors.

The American currency reacts positively to the data released the day before on the dynamics of the US Gross Domestic Product (GDP) for the third quarter. The revised estimate reflected economic growth of 3.2% against the previous 2.9%. At the same time, the number of Initial Jobless Claims for the week of December 16 increased from 214.0 thousand to 216.0 thousand, contrary to forecasts of an increase to 222.0 thousand, and Continuing Jobless Claims adjusted from 1.678 million to 1.672 million, while market forecasts suggested an increase to 1.683 million.

Investors' attention today is focused on macroeconomic statistics from the US. The most important among the publications will be data on the dynamics of Durable Goods Orders, as well as statistics on Personal Income and Spending. Forecasts suggest that in November Personal Income will slow down from 0.7% to 0.2%, while Durable Goods Orders could show a 0.6% decline after rising 1.1% the previous month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding, but has not yet caught up with the surge of "bearish" activity. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, having approached its lows is reversing into a side channel, signaling in favor of the development of corrective dynamics in the near future.

Resistance levels: 0.6288, 0.6350, 0.6400, 0.6450.
Support levels: 0.6250, 0.6200, 0.6155, 0.6100.

Trading tips

Long positions can be opened after a breakout of 0.6288 with the target of 0.6350. Stop-loss — 0.6250. Implementation time: 1-2 days.

A rebound from 0.6288 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of new short positions with the target at 0.6155. Stop-loss — 0.6300.

Use more opportunities of the NPBFX analytical portal: analytics

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[Antony_NPBFX]

Alphabet Inc.: technical analysis 28.12.2022

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

Shares of the American holding company Alphabet Inc. are moving within the global corrective trend at 88.00.

On the daily chart, there is a formation of a global downward channel with dynamic boundaries at 94.00–85.00, within which the price is falling along the support line.

On the four-hour chart, it can be seen that the downward movement has a high potential for continuation, as the quotes are close to the local low of yesterday's trading at 86.90, consolidation below which practically guarantees further decline and renewal of the low around 83.00.

Technical indicators hold a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is trading below the transition level, forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 86.90 with the target at 83.50. Stop loss – 88.80. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and price consolidation above 89.20 with the target at 92.20. Stop loss — 88.00.

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[Antony_NPBFX]

eBay Inc.: technical analysis 30.12.2022

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.

Stocks of the American Internet retailing company eBay Inc. are correcting around 42.00.

On the daily chart, the price is holding above the resistance line of the global downwards channel with dynamic boundaries at 40.00–30.00, and after the expected retest, it reverses upwards.

On the four-hour chart, a local correction is still developing within the Flag trend continuation pattern, and after consolidation pf the price above 43.00, the global growth can continue until reaching the target resistance of 47.00.

Technical indicators are ready to turn around and give a buy signal: fast EMAs on the Alligator indicator are consolidated below the signal line, and the AO oscillator histogram, being in the sell zone, forms corrective bars.

Trading tips

Long positions may be opened after the consolidation above the local resistance level of 43.00 with the target at 47.00 and stop loss 41.00. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 40.30 to reach the global support around 36.00. Stop loss is below the current price, around 41.50.

Use more opportunities of the NPBFX analytical portal: analytics

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

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[Antony_NPBFX]

NZD/USD: the instrument updated November lows 04.01.2023

Good afternoon, dear forum visitors!

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

Current trend

The New Zealand dollar shows moderate growth during the Asian session, correcting after a noticeable decline the day before, as a result of which the NZD/USD pair updated local lows from November 30. At the moment, the instrument is testing the level of 0.6260 for a breakout, and activity in the market is slowing down a little ahead of the publication of the minutes of the December meeting of the US Federal Reserve and the final report on the national labor market, which will be presented at the end of the week.

In turn, the New Zealand dollar was under pressure after the publication of weak macroeconomic statistics the day before. The Dairy Price Index fell 2.8% in December after falling 3.8% in the previous month, although analysts had expected a positive trend of 0.6%. Investors were also disappointed by data from China, where the index of business activity in the manufacturing sector from Caixin in December showed a decline from 49.4 points to 49.0 points, which, however, was better than preliminary estimates of 48.8 points. The Chinese economy continues to generate some rather troubling signals, in part due to new spikes in COVID-19 cases after a series of restrictive measures were lifted. It is possible that its recovery may take a little longer than originally predicted.

Support and resistance

On the daily chart, Bollinger Bands are moderately declining. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, maintaining a relatively strong sell signal and being below the signal line, close to the zero level. Stochastic signals in favor of further development of "bearish" dynamics in the near future.

Resistance levels: 0.6288, 0.6350, 0.6400, 0.6450.
Support levels: 0.6250, 0.6200, 0.6155, 0.6100.

Trading tips

Long positions can be opened after a breakout of 0.6288 with the target of 0.6400. Stop-loss — 0.6225. Implementation time: 1-2 days.

A rebound from 0.6288 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of short positions with the target at 0.6155. Stop-loss — 0.6300.

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[Antony_NPBFX]

Bank of America Corp.: technical analysis 06.01.2023

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.

Shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within a corrective trend at 34.00.

On the daily chart, the price is within the global Expanding formation pattern with the boundaries of 28.00–40.00, developing another downward wave.

The four-hour chart shows that the current wave is the fourth within the pattern, which practically guarantees that it will reach last year's low at 29.30. The local growth prospects are not high, as the resistance level at 35.00 looks quite solid.

Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is forming new bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 33.00 with the target at 29.70. Stop loss — 34.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 34.80 with the target at 38.00. Stop loss — 33.00.

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]

NZD/USD: the instrument develops corrective growth 09.01.2023

Good afternoon, dear forum visitors!

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

Current trend

The New Zealand dollar shows steady growth during the Asian session, updating local highs from December 19. The NZD/USD pair is testing 0.6400 for a breakout, and investors continue to actively sell the American currency after the publication of statistics on the US labor market last Friday. In December, the American economy created 223.0 thousand new jobs, which turned out to be 23.0 thousand better than analysts' forecasts, while the Unemployment Rate fell from 3.6% to 3.5%, contrary to forecasts of growth to 3.7%. Hourly Earnings in annual terms slowed down from 4.8% to 4.6%, while analysts expected it to accelerate to 5.0%, and in monthly terms the indicator slowed down from 0.4% to 0.3%. Investors expect that the released data will push the US Federal Reserve to soon ease monetary policy.

Earlier, the regulator announced its readiness to raise the interest rate one or two more times in the range of 25-50 basis points at the beginning of 2023, after which it will probably take a wait-and-see attitude. At the same time, the latest minutes of the US Federal Reserve indicated the unwillingness of board members to consider a scenario with a decrease in the rate this year.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly expanding from above; however, it has not kept up with the "bullish" activity on Friday and Monday. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic grows more steadily but is rapidly approaching its highs, which reflects risks of the overbought New Zealand dollar in the ultra-short term.

Resistance levels: 0.6400, 0.6450, 0.6500, 0.6535.
Support levels: 0.6350, 0.6288, 0.6250, 0.6200.

Trading tips

Long positions can be opened after a breakout of 0.6400 with the target of 0.6500. Stop-loss — 0.6350. Implementation time: 1-2 days.

A rebound from 0.6400 as from resistance, followed by a breakdown of 0.6350 may become a signal for opening of new short positions with the target at 0.6250. Stop-loss — 0.6400.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

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

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