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[Antony_NPBFX]

WTI Crude Oil: "black gold" quotes are held around 74.50 11.01.2023

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, prices for WTI Crude Oil are slightly reduced, consolidating near 74.85.

Investors are cautious and wait to open new trading positions before publishing key US statistics on consumer inflation for December. The indicator is expected to slow down the negative dynamics from 7.1% to 6.5%, in which case the US Federal Reserve is likely to decide to raise interest rates in February by only 25.0 basis points, after which a pause in tightening monetary policy is possible.

The pressure on oil quotes was exerted by the statements of the US Department of Energy, which raised the forecast for the average energy production in the country for 2023 by 70.0K barrels to 12.41M barrels, while demand expectations for it decreased to 100.48M barrels despite signs of a recovery in China. For the week of January 6, the report of the American Petroleum Institute (API) on oil reserves showed a sharp increase of 14.865M barrels after an increase of 3.298M barrels earlier, and today experts expect the publication of relevant data from the Energy Information Administration of the US Department of Energy (EIA): forecasts suggest a decline in the value of 2.375M barrels after an increase of 1.694M barrels over the past week.

According to Bloomberg, the Russian authorities are forced to sell Urals crude at prices almost twice lower the world's prices. For example, at the end of last week in the port of Primorsk, a Russian barrel cost 37.80 dollars compared to Brent Crude Oil for 78.57 dollars against the backdrop of a ban on energy supplies from Russia in response to the escalation of the military conflict on the territory of Ukraine. The negative trend may prompt official Moscow to reduce oil production, as it becomes increasingly difficult to compete with supplies from the Middle East due to the increased cost of freight tankers to deliver energy from Western Russian ports.

Support and resistance

On the daily chart, Bollinger bands are moving flat: the price range is slightly expanding from below, remaining quite spacious for the current market activity level. The MACD indicator shows uncertain growth, keeping a poor buy signal (the histogram is above the signal line). Stochastic is strengthening, quickly retreating from its lows.

Resistance levels: 75.00, 76.00, 77.00, 78.00.
Support levels: 74.00, 72.59, 71.00, 70.00.

Trading tips

Short positions may be opened after the breakdown of 74.00 with the target at 72.00. Stop loss — 75.00. Implementation period: 2–3 days.

Long positions may be opened after a rebound from 74.00 and the breakdown of 75.00 with the target at 77.00. Stop loss — 74.00.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

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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.

Use the current recommendations of analysts on WTI Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: consolidation near spring 2022 highs 13.01.2023

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 EUR/USD pair shows flat dynamics during the Asian session, consolidating near 1.0850 and local highs from April 21, 2022. Trading activity remains quite low, while analysts expect a large number of publications of macroeconomic indicators.

The day before, the single currency showed strong growth in response to the release of data on inflation dynamics in the US. In December, the Consumer Price Index slowed down from 7.1% to 6.5% in annual terms, and in monthly terms it corrected from 0.1% to -0.1%. In turn, the CPI excluding Food and Energy added 0.3% in monthly terms and 5.7% in annual terms. Thus, traders strengthened their belief that in the near future the US Federal Reserve will continue to reduce the pace of interest rate increases and will adjust the value by only 25 basis points at its meeting on January 31.

In addition, the focus of investors is statistics on the dynamics of Industrial Production in the eurozone in November, as well as consumer inflation in Spain and France in December, where current forecasts do not suggest changes.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is expanding, but it fails to catch the development of "bullish" activity this week. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reverses into a horizontal plane, indicating overbought euro in the ultra-short term.

Resistance levels: 1.0850, 1.0900, 1.0957, 1.1000.
Support levels: 1.0800, 1.0759, 1.0700, 1.0657.

Trading tips

Long positions can be opened after a breakout of 1.0900 with the target of 1.1000. Stop-loss — 1.0850. Implementation time: 1-2 days.

A rebound from 1.0850 as from resistance, followed by a breakdown of 1.0800 may become a signal for opening of new short positions with the target at 1.0700. Stop-loss — 1.0850.

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.

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[Antony_NPBFX]

PayPal Holdings Inc.: technical analysis 16.01.2023

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

Shares of PayPal Holdings Inc., an American debit payment processor, are correcting at 79.00.

On the daily chart, the price moves within a global corrective trend and forms a narrow downward channel with dynamic boundaries at 80.00–64.00, retreating from the year’s low of 66.20.

On the four-hour chart, the key obstacle for the upward wave is the resistance line at 80.00, the breakout of which allows the quotes to grow. However, after a reversal, the decline may continue to the year’s low of 66.20.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 83.20 with the target at 98.00. 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 74.70 with the target at 66.20. Stop loss — 77.00.

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.

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[Antony_NPBFX]

Microsoft Corp.: technical analysis 18.01.2023

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

Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving within a corrective trend at 240.00.

On the daily chart, the price is trying to consolidate within the uptrend and slightly increases within the corridor with dynamic boundaries 224.00–270.00.

On the four-hour chart, it is clear that the quotes failed to break the year's low of 214.00, and the "bullish" impulse entered them into the boundaries of the ascending channel. Growth prospects prevail, and consolidation above the local resistance level around 245.00 will further strengthen them.

Technical indicators confirm the possibility: the range of EMA fluctuations on the Alligator indicator is ready to expand upwards, and the histogram of the AO oscillator forms upward bars, rising in the sell zone.

Trading tips

Long positions may be opened after a reversal, growth, and consolidation of the price above 245.80, with the target at 263.80. Stop loss – 240.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 232.90 with the target at 214.30. Stop loss – 238.00.

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

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

Use the current recommendations of analysts on Microsoft Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the Australian dollar consolidates after two-day decline 20.01.2023

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 AUD/USD pair shows mixed trading dynamics, trying to recover from a two-day decline, as a result of which it retreated from its local highs from August 15. The instrument is trading near the level of 0.6915, strengthening against the backdrop of the development of technical factors and the publication of statistical data from the US.

Significant pressure on the AUD/USD pair was exerted by the December report on the labor market of Australia, released the day before: the Employment Change decreased by 14.6 thousand, while analysts expected an increase of 22.5 thousand and in the previous month the figure was 58.3 thousand. In turn, the Unemployment Rate increased to 3.5%, although the November data was also revised from 3.4% to 3.5%. Participation Rate decreased from 66.8% to 66.6%. The national labor market continues to be under pressure from the increase in the interest rate by the Reserve Bank of Australia (RBA), which has already increased it by 300 basis points since April 2022, and is likely to continue to tighten monetary policy, as high rates of price growth in the country remain. Investors also drew attention to publications from the Melbourne Institute, reflecting an increase in Consumer Inflation Expectations in January from 5.2% to 5.6%.

Support and resistance

Bollinger Bands in D1 chart show quite active growth. The price range is rapidly narrowing, reflecting the emergence of downward momentum in the ultra-short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the Australian currency being oversold in the ultra-short term.

Resistance levels: 0.6950, 0.7000, 0.7050, 0.7100.
Support levels: 0.6900, 0.6850, 0.6800, 0.6750.

Trading tips

Long positions can be opened after a breakout of 0.6950 with the target of 0.7050. Stop-loss — 0.6900. Implementation time: 2-3 days.

A rebound from 0.6950 as from resistance, followed by a breakdown of 0.6900 may become a signal for opening of new short positions with the target at 0.6800. Stop-loss — 0.6950.

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

You can learn more about the current situation 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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 23.01.2023

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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 trading at 168.00.

On the daily chart, the price is working out a local Head and shoulders reversal pattern with the Neckline at 175.00.

On the four-hour chart, it can be seen that the target to realize the formation, which is at 167.00, has already been almost reached, but the potential for downward dynamics remains high, and if it is broken, the decline may continue to last year's low at 159.00.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 167.00 with the target at 159.00. Stop loss – 172.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 171.00 with the target at 175.00. Stop loss – 169.00.

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

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

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

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

 

[Antony_NPBFX]

ExxonMobil Corp.: technical analysis 25.01.2023

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., a US oil company, are trading at 113.00.

A global uptrend is forming on the daily chart, and at the moment, the price is rising within the local corridor with dynamic boundaries of 118.00–111.00.

The four-hour chart of the asset shows that this range can work as a Flag trend continuation pattern. If the quotes consolidate above the local high of 114.70, the dynamics will continue to 120.00, and the decline will continue when 111.50 is broken.

Technical indicators are finishing working out a local correction, holding a global buy signal: fast EMAs on the Alligator indicator are at a sufficient distance from the signal line, and the AO oscillator histogram forms ambiguous bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 114.70 with the target at 120.00. Stop loss – 111.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 111.50 with the target at 104.20. Stop loss – 114.00.

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]

Alcoa Corp.: technical analysis 27.01.2023

Good afternoon, dear forum visitors!

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

The shares of Alcoa Corp., one of the world's largest aluminum producers, are correcting at 52.00.

On the daily chart, the price moves within a global downtrend, rising within the local corridor with dynamic boundaries of 45.00–60.00.

The four-hour chart shows that an upward wave has recently formed inside the range, and a correction is developing. Despite the local decline, the quotes are kept above the initial correction of 23.6% Fibonacci around 48.80, not excluding the development of upward dynamics after the consolidation above the basic correction of 38.2% around 58.20.

Technical indicators do not rule out a decline: the EMA fluctuation range on the Alligator indicator is directed upwards, and the AO histogram forms corrective bars in the buying zone.

Trading tips

Long positions may be opened after a reversal, growth, and price consolidation above 58.20 with the target at 65.80. Stop loss — 55.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 48.80 with the target at 41.80. Stop loss — 51.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro retreats from its record highs 30.01.2023

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 EUR/USD pair shows flat trading dynamics, being held near 1.0875. The instrument is consolidating after falling for two sessions in a row, as a result of which it retreated from its record highs in April. Trading activity at the beginning of the new week remains quite low, as investors expect the publication of macroeconomic statistics from Germany and the eurozone.

Today, the first estimate of the Gross Domestic Product (GDP) of Germany for the fourth quarter of 2022 will be presented. Forecasts assume the emergence of zero dynamics after an increase of 0.4% in quarterly terms, and in annual terms, the growth rate of the German economy may slow down from 1.2% to 1.1%. Also during the day, statistics on the level of Consumer Confidence and Sentiment in the eurozone economy in January is expected to be released. Analysts suggest a moderate decline in Business Sentiment from 95.8 points to 94.6 points.

Tomorrow, the eurozone will publish statistics on the dynamics of Gross Domestic Product (GDP) for the fourth quarter of 2022, and Germany will release data on Retail Sales for December and on Consumer Price Index, which may accelerate in January from 8.6% to 9.0%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, having formed a relatively strong sell signal (the histogram is below the signal line). Stochastic is showing similar dynamics, having rebounded from the level of "80" downwards. The indicator signals in favor of the development of corrective dynamics in the ultra-short term.

Resistance levels: 1.0928, 1.1000, 1.1051, 1.1100.
Support levels: 1.0850, 1.0800, 1.0759, 1.0700.

Trading tips

Short positions may be opened after a breakdown of 1.0850 with the target at 1.0759. Stop-loss — 1.0900. Implementation time: 1-2 days.

A rebound from 1.0850 as from support followed by a breakout of 1.0928 may become a signal for opening new long positions with the target at 1.1051. Stop-loss — 1.0870.

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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.

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

 

[Antony_NPBFX]

General Electric Co.: technical analysis 01.02.2023

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.

The shares of General Electric Co., an American diversified corporation, are strengthening the global correction, trading around 80.00.

On the daily chart, the quotes are kept within the global ascending channel with dynamic boundaries 92.00–69.00, and after closing the price gap, they are getting ready for growth.

On the four-hour chart, the upward movement in the asset prevails, and consolidation above the current local high of 83.00 will mean the development of positive dynamics towards the last year's high of 88.00.

Technical indicators reinforce the buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 83.00 with the target at 88.00. Stop loss — 81.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 77.00 with the target at 71.00. Stop loss — 80.00.

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

You can learn more about the current situation 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]

AUD/USD: the Australian dollar retreats from record highs 03.02.2023

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 AUD/USD pair shows a moderate decline, testing 0.7050 for a breakdown and building on the "bearish" momentum that was formed the day before, when the instrument retreated from its June record highs. The reason for the appearance of downward dynamics was the growth of the US currency in almost the entire spectrum of the market, which intensified after the publication of the minutes of the meetings of the European Central Bank (ECB) and the Bank of England. Both regulators decided to raise interest rates by 50 basis points, and also announced their readiness to maintain a "hawkish" monetary policy until inflation reaches the target level of 2.0%.

In addition, the US dollar was supported by statistics on jobless claims: the number of Initial Jobless Claims for the week ended January 27 decreased from 186.0 thousand to 183.0 thousand, while analysts expected 200.0 thousand, and Continuing Jobless Claims for the week ended January 20 decreased from 1.666 million to 1.655 million, which also turned out to be better than forecasts at the level of 1.677 million.

Some support for quotes at the end of the week is provided by macroeconomic statistics from Australia and China. Australian Services PMI from the Commonwealth Bank in January rose from 48.3 points to 48.6 points with a neutral forecast. In addition, December data on Building Permits were presented yesterday: the total volume increased by 18.5% against preliminary estimates of 1.0%, and for private houses it was adjusted for the fourth time in a row, losing 2.3%. In general, the construction market remains under pressure from high inflation and the interest rate of the Reserve Bank of Australia (RBA). In turn, the Chinese Caixin Services PMI over the same period accelerated from 48.0 points to 52.9 points, while the forecast was at 47.3 points.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, having reacted to the emergence of "bearish" dynamics, has only reversed into a horizontal plane, indicating a fragile balance of power.

Resistance levels: 0.7100, 0.7150, 0.7202, 0.7250.
Support levels: 0.7050, 0.7000, 0.6950, 0.6900.

Trading tips

Short positions may be opened after a breakdown of 0.7050 with the target at 0.6950. Stop-loss — 0.7100. Implementation time: 1-2 days.

A rebound from 0.7050 as from support followed by a breakout of 0.7100 may become a signal for opening new long positions with the target at 0.7202. Stop-loss — 0.7050.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the US dollar is correcting after strong growth at the end of last week 06.02.2023

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 USD/JPY pair is trading down, correcting after a notable rise last Friday. It should be noted that the instrument also opened with a significant upward gap and is currently trying to level it.

At the end of last week, the American currency was supported by a strong report on the US labor market for January. The economy created more than 500.0 thousand new jobs outside the agricultural sector, while analysts expected only 185.0 thousand, and the data for December were revised from 223.0 thousand to 260.0 thousand. In turn, the Unemployment Rate for the same period decreased from 3.5% to 3.4% against the forecast of 3.6%, while the Average Hourly Earnings at the same time slowed down from 0.4% to 0.3% MoM and from 4.9% to 4.4% YoY, which turned out to be noticeably worse than the analysts' neutral forecasts.

On Friday, Japan released January data on business activity in the Services sector: the PMI rose from 51.1 points to 52.3 points, below the expected 52.4 points. The non-manufacturing sector continues to recover after the complete lifting of quarantine restrictions in the country and the opening of the borders of China, as a result of which household demand increased, and the influx of new tourists provided the service sector with increased profits. Tomorrow, investors will pay attention to the statistics on coinciding and leading indicators for December, as well as the speech of the Chair of the US Federal Reserve, Jerome Powell, who can comment on the unexpectedly strong data on the US labor market.

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" sentiments at the moment. 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: 132.00, 133.00, 133.61, 134.50.
Support levels: 131.00, 130.00, 129.00, 128.00.

Trading tips

Short positions may be opened after a breakdown of 131.00 with the target at 129.00. Stop-loss — 132.00. Implementation time: 2-3 days.

A rebound from 131.00 as from support followed by a breakout of 132.00 may become a signal for opening new long positions with the target at 133.61. Stop-loss — 131.20.

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 08.02.2023

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., the US multinational holding company that owns technology conglomerate and social media giant Facebook, are trading at 191.00.

On the daily chart, a global corrective trend is forming, within which the gap of 151.00–183.00 has formed, and the price is above its end level.

In the four-hour chart, the prospects for the continuation of the upward dynamics are still quite high, as evidenced by the fact that the quotes are above the 38.2% Fibonacci base correction level around 191.75, in case of consolidation above which the next target will be the 50.0% Fibonacci intermediate correction level around 220.00.

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

Trading tips

Long positions may be opened after the price rises and consolidates above 197.00 with the target at 221.00. Stop loss – 190.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 184.00 with the target at 151.00. Stop loss – 190.00.

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

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

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

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

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

 

[Antony_NPBFX]

NZD/USD: New Zealand dollar returned to decline 10.02.2023

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 NZD/USD pair shows an active decline, testing 0.6300 for a breakdown. The day before, the instrument made a rather aggressive attempt to grow; however, the "bulls" failed to consolidate at the local highs of February 3.

Meanwhile, the macroeconomic background in both New Zealand and the US remained mixed. Initial Jobless Claims in the US for the week ended February 3 increased from 183.0 thousand to 196.0 thousand, which turned out to be higher than analysts' forecasts of growth to 190.0 thousand, and Contiuing Jobless Claims for the week ended January 27 increased from 1.650 million to 1.688 million, which also turned out to be higher than the expected 1.658 million.

New Zealand data showed an increase in Electronic Card Retail Sales in January by 2.6% after -2.3% in the previous month, while analysts had expected 1.9%. At the same time, in annual terms, the indicator decreased from 4.8% to 2.7%, contrary to forecasts of growth to 9.1%.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands, making way to new local lows for the "bears". MACD continues its downtrend, strengthening its sell signal (the histogram is below the signal line). Stochastic, having attempted an upward correction at the beginning of the week, reversed to the horizontal plane, indicating the ambiguous nature of trading at the end of the week.

Resistance levels: 0.6350, 0.6400, 0.6450, 0.6500.
Support levels: 0.6288, 0.6250, 0.6200, 0.6155.

Trading tips

Short positions may be opened after a breakdown of 0.6288 with the target at 0.6200. Stop-loss — 0.6330. Implementation time: 1-2 days.

A rebound from 0.6288 as from support followed by a breakout of 0.6350 may become a signal for opening new long positions with the target at 0.6450. Stop-loss — 0.6300.

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]

Johnson & Johnson: technical analysis 13.02.2023

Good afternoon, dear forum visitors!

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

The shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 162.00.

On the daily chart, the price is declining within a downtrend, almost reaching the global low of last September at 160.00.

On the four-hour chart, the consolidation below the key level of 160.00 will become a marker for the transition of the corrective decline into a trend with further movement to levels around 150.00, and if it is held, a local increase to the high of the end of January at 169.00 is possible.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 160.00 with the target at 153.00. Stop loss – 163.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 164.00 with the target at 169.00. Stop loss – 161.00.

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]

Starbucks Corp.: technical analysis 15.02.2023

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.

The 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 at 108.00.

On the daily chart, the price is rising within the global ascending channel with dynamic boundaries 116.00–99.00, having consolidated yesterday, last week's local high of 108.00.

On the four-hour chart, it can be seen that although the quotes are near the channel resistance line, the potential for upward dynamics remains high, and the target level of 116.00 can be reached soon. For the final confidence in the continued growth of the asset, it remains to overcome the local high of the end of January around 110.00.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator keep a wide range of fluctuations, moving away from the signal line, and the AO histogram forms new upward bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 110.00 with the target at 116.00. Stop loss – 108.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 105.00 with the target at 99.00. Stop loss – 107.00.

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 Starbucks Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 17.02.2023

Good afternoon, dear forum visitors!

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

The shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trading in a corrective trend, around 350.00.

On the daily chart, the price continues its upward trend within the global corridor with dynamic boundaries of 315.00–400.00, reversing towards support.

The four-hour chart shows that the potential for a downward movement is gradually increasing, which confirms the possible formation of a Head and shoulders reversal pattern with the Neckline at 344.00. In case of its complete development, the quotes will be able to reach the support of the global channel, around 320.00.

Technical indicators are in a buy state: fast EMAs on the Alligator indicator are approaching the signal line, although they have narrowed the range of fluctuations, and the AO histogram is forming downward bars, approaching the transition level.

Trading tips

Short positions may be opened after a reversal, decline, and consolidation of the price below 344.00 with the target at 320.00. Stop loss — 350.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 363.10 with the target at 390.00. Stop loss — 350.00.

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

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

 

[Antony_NPBFX]

Cisco Systems Inc.: technical analysis 20.02.2023

Good afternoon, dear forum visitors!

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

The shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 50.75.

On the daily chart, the price continues to implement the global upward correction, leaving the local corridor with dynamic boundaries 45.00–49.50 yesterday and firmly consolidated above the resistance line.

On the four-hour chart, a high potential for further upward movement is signaled by the price gap with which the quotes left the local channel, breaking the level of 49.50, as well as the possible formation of a global Head and shoulders reversal pattern with the Neckline at 50.00.

Technical indicators gave a local buy signal: the range of EMA fluctuations on the Alligator indicator began to expand upwards, and the AO histogram forms rising bars in the buy zone, moving away from the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 51.70 with the target at 55.00. Stop loss – 50.50. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 50.00 with the target at 47.00. Stop loss — 51.00.

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 Cisco Systems Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 22.02.2023

Good afternoon, dear forum visitors!

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

The shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving in a corrective trend at 102.00.

On the daily chart, the price is holding above the resistance line of the local downward channel with dynamic boundaries 91.00–78.00, and the correction is gaining momentum again.

On the four-hour chart, it is clear that if the quotes continue to decline, they may enter the stage of a global trend, and in this case, the last year's minimum, around 85.00, will become relevant again.

Technical indicators signal in favor of a local decline: fast EMAs on the Alligator indicator are actively approaching the signal line, quickly narrowing the range of fluctuations, and the AO histogram is forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 98.00 with the target at 85.00. Stop loss – 103.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 108.00 with the target at 118.00. Stop loss -105.00.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Pfizer Inc. technical analysis 24.02.2023

Good afternoon, dear forum visitors!

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

The shares of Pfizer Inc., the largest US pharmaceutical company, are correcting at 42.00.

On the daily chart, the price is holding within the global corridor with dynamic boundaries 54.30–41.60 and almost reached the support line yesterday.

On a four-hour chart, it can be seen that the support line of the global channel coincides with last year's low of 41.60, and its breakdown will mean the beginning of a new global downward cycle, the key level for which is 39.00.

Technical indicators maintain a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 41.60 with the target at 39.00. Stop loss – 42.50. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 43.30 with the target at 46.20. Stop loss — 42.00.

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 Pfizer Inc. and trade efficiently with NPBFX.