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[Antony_NPBFX]

Alcoa Corp.: technical analysis 21.04.2023

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.

Shares of Alcoa Corp., one of the world's largest aluminum producers, are trading at 40.00.

On the daily chart, the price is moving within a corrective trend, trying to continue the decline after exiting the ascending corridor with dynamic boundaries 48.00–60.00.

On the four-hour chart, a new local channel at the current levels with the boundaries of 42.50–38.50 is forming, which can work as a Flag pattern. The key "bearish" level is the local low of this range around 38.50, consolidation below which will open the way to the global target.

Technical indicators maintain a sell signal, working out a local correction: the EMA fluctuation range on the Alligator indicator is directed downwards, 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 38.50 with the target at 33.60. Stop loss — 40.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and price consolidation above 42.50 with the target at 48.00. Stop loss — 40.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 24.04.2023

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.

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

On the daily chart, the price, trading within a downtrend, reversed upwards after reaching the support level of 150.00.

On the four-hour chart, it is clear that after the start of an upward correction, a formation with dynamic boundaries 163.00–160.00 is developing, which can work as a Flag pattern. To continue corrective growth, the quotes need to break the local high around 166.00.

Technical indicators reinforce the buy signal: the range of fluctuations of the EMA on the Alligator indicator expands upwards, and the AO histogram forms corrective bars high in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 166.00 with the target at 172.00. Stop loss – 163.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 160.00 with the target at 154.00. Stop loss – 163.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Tesla Inc.: technical analysis 26.04.2023

Good afternoon, dear forum visitors!

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

Shares of Tesla Inc., the world’s leading manufacturer of electric cars, continue their global correction, trading at 160.00.

On the daily chart, the price moves within the local downward corridor with dynamic boundaries of 201.00–154.00.

On the four-hour chart, it can be seen that the channel’s support line at 156.00 has already been reached, and a reversal may begin soon. The local target for possible growth is working out of the recent price gap of 166.00–180.00.

Technical indicators are holding a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO histogram has begun to form rising bars in the sell zone.

Trading tips

Long positions may be opened after a reversal, growth, and consolidation of the price above 166.00 with the target at 180.00. Stop loss – 160.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 154.50 with the target at 135.00. Stop loss – 160.00.

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

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

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

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

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

 

[Antony_NPBFX]

AUD/USD: Australian dollar returned to decline 28.04.2023

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 returned to decline after an attempt at corrective growth the day before and is currently testing 0.6610 for a breakdown, being under pressure from macroeconomic statistics from Australia.

The Producer Price Index in the first quarter in annual terms slowed down from 5.8% to 5.2%, while analysts expected the same dynamics to remain unchanged, and in quarterly terms, the indicator accelerated from 0.7% to 1.0%, which was lower than the predicted 1.5%. Earlier in Australia, data on consumer inflation were published: in the first quarter, the Consumer Price Index corrected from 7.8% to 7.0% in annual terms, slightly falling short of the 6.9% expected by experts, and in the quarter terms the index fell from 1.9% to 1.4% with a forecast of 1.3%.

Further reduction of inflationary pressure in the country is likely to affect the subsequent decisions of the Reserve Bank of Australia (RBA) on the interest rate. In April, the regulator left the figure at 3.60% and analysts expect the same outcome of the RBA's meeting scheduled for May 2. This, in turn, may put significant pressure on the positions of the AUD/USD pair, as the US Federal Reserve is still set to further increase the cost of borrowing.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range expands slightly from below, making way for new local lows for the "bears". MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, having reached its lows, is trying to reverse in the direction of growth, signaling the risks of the Australian dollar being oversold in the ultra-short term.

Resistance levels: 0.6641, 0.6670, 0.6700, 0.6728.
Support levels: 0.6590, 0.6563, 0.6530, 0.6500.

Trading tips

Long positions can be opened after a breakout of 0.6641 with the target of 0.6700. Stop-loss — 0.6600. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 0.6590 may become a signal for new sales with the target at 0.6530. Stop-loss — 0.6615.

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]

XAU/USD: gold prices fall ahead of US Federal Reserve meeting 05.01.2023

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

The XAU/USD pair is falling, testing 1980.00 for a breakdown. The pressure on quotes increases as the meetings of the US Federal Reserve and the European Central Bank (ECB) approach, which will be held on Wednesday and Thursday, respectively. Experts expect both regulators to raise interest rates by 25 basis points, and it is highly likely that in the case of the Fed, this will be the last tightening in the current cycle. Forecasts suggest that during the June meeting, the US Federal Reserve will keep the rate unchanged with a probability of about 65%.

In turn, gold is supported by expectations of a possible recession in the US economy against the backdrop of new alarming signals regarding the country's banking sector. First Republic Bank shares plunged more than 30% on Friday after corporate reports showed a sharp drop in deposits. At the same time, the financial institution has already received support from creditors; therefore, if the situation worsens further, it may be expected to be taken over by a larger player.

The statistics on the US labor market, which will be released on Friday, May 5, may also have a noticeable impact on the dynamics of the instrument during the week. Forecasts suggest that the number of new jobs created by the US economy outside the agricultural sector will slow down from 236.0 thousand to 181.0 thousand, while the Unemployment Rate may remain unchanged at 3.5%.

Meanwhile, the period of local correction continues on the market of gold contracts. According to the latest report from the US Commodity Futures Trading Commission (CFTC), the number of net speculative positions in gold amounted to 185.3 thousand against 189.9 thousand a week earlier, marking the fourth consecutive week of falling "open interest". The situation with the liquidation of positions is clearly seen in the dynamics of contracts with manufacturers, the number of which amounted to 29.197 thousand for the "bulls" against 73.821 thousand for the "bears". Last week, sellers reduced the number of positions by 2.459 thousand, and buyers reduced them by 1.021 thousand, signaling a smooth liquidation of transactions, more like a partial fixation.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing insignificantly, reflecting the ambiguous nature of trading of recent days. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic reversed downwards last week, reacting to a slight overbalance of "bearish" sentiment in the ultra-short term.

Resistance levels: 2000.00, 2015.30, 2030.00, 2050.00.
Support levels: 1974.22, 1952.53, 1930.00, 1915.00.

Trading tips

Short positions may be opened after a breakdown of 1974.22 with the target at 1930.00. Stop-loss — 2000.00. Implementation time: 2-3 days.

A rebound from 1974.22 as from support followed by a breakout of 2000.00 may become a signal for opening new long positions with the target at 2030.00. Stop-loss — 1985.00.

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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

ExxonMobil Corp.: technical analysis 03.05.2023

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 110.00.

On the daily chart, there is a global corrective trend, and at the moment, the price is falling within the Expanding formation pattern with dynamic boundaries of 122.00–95.00, which has been forming for a long time.

On the four-hour chart, after reaching the resistance line of 120.00, the quotes reversed and began to form the fifth wave, which is mandatory for the formation: the probability of the asset falling will increase if it consolidates below the support level of 107.00.

Technical indicators point to continued negative dynamics: fast EMAs on the Alligator indicator are approaching the signal line, and the AO histogram is forming downward bars in the buying zone, preparing to move into the negative zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 107.40 with the target at 99.00. Stop loss – 110.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 112.00 with the target at 119.60. Stop loss – 110.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Alcoa Corp.: technical analysis 05.05.2023

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.

Shares of Alcoa Corp., one of the world’s largest aluminum producers, are trading at 34.00.

On the daily chart, the price is moving within a corrective trend, falling within the corridor with dynamic boundaries 28.00–42.00.

On a four-hour chart, quotes are close to a historical low of 33.00, coinciding with the range support line, consolidation below which will become a catalyst for moving to 30.00 and beyond.

Technical indicators maintain a sell signal: the range of EMA fluctuations on the Alligator indicator is directed downwards, and the AO histogram forms downward bars in the sell zone.

Trading tips

Short positions may be opened after falling and consolidation below 33.40 with the target at 29.00. Stop loss — 35.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and price consolidation above 36.00 with the target at 41.00. Stop loss — 34.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: European currency in correction after Friday's decline 08.05.2023

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 an upward trend, recovering from a moderate decline at the end of last week and testing 1.1040 for a breakout, and investors continue to analyze a block of macroeconomic statistics released in the US and Europe on Friday, May 5.

After the meeting of the US Federal Reserve, markets are evaluating the performance of the US labor market, which remains quite strong, despite a significant increase in the cost of borrowing, which supported the buying sentiment on the American currency. The number of Initial Jobless Claims reached 242.0 thousand, exceeding the projected 240.0 thousand and the previous value at the level of 229.0 thousand. However, the number of Continuing Jobless Claims has adjusted from 1.843 million to 1.805 million. In turn, the number of new jobs created by the US economy outside the agricultural sector increased by 253.0 thousand in April after an increase of 165.0 thousand in the previous month, while analysts expected 179.0 thousand. At the same time, the Average Hourly Earnings accelerated from 4.3% to 4.4%, while experts expected a slowdown in dynamics to 4.2%, and the Unemployment Rate fell again from 3.5% to 3.4%, which turned out to be better than neutral forecasts. Strong data on the labor market strengthened investors' confidence in the expediency of the course chosen by the US Federal Reserve, aimed at further tightening of monetary policy. Recall that last week the regulator once again decided to raise interest rates by 25 basis points.

Data from Europe disappointed market participants with a sharp drop in Retail Sales in the eurozone: in March, the indicator fell by 1.2% after a decrease of 0.2% a month earlier, and in annual terms, the decline in sales accelerated from -2.4% to -3.8%, which turned out to be worse than analysts' forecasts at the level of -3.1%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from below, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is reversing upwards preserving a sell signal (located below the signal line). Stochastic interrupted its growth and returned to its decline, being approximately in the center of its area.

Resistance levels: 1.1050, 1.1100, 1.1150, 1.1200.
Support levels: 1.1000, 1.0965, 1.0928, 1.0850.

Trading tips

Long positions can be opened after a breakout of 1.1050 with the target of 1.1150. Stop-loss — 1.1000. Implementation time: 2-3 days.

A rebound from 1.1050 as from resistance, followed by a breakdown of 1.1000 may become a signal for opening of new short positions with the target at 1.0900. Stop-loss — 1.1050.

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]

Starbucks Corp.: technical analysis 10.05.2023

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.

Shares of Starbucks Corp., one of the largest companies in the world that owns the coffee chain of the same name, are trading at 107.00.

On the daily chart, the price is correcting within the Expanding formation pattern with dynamic boundaries of 116.00–97.00, forming a downward wave.

On the four-hour chart, after reaching the pattern’s resistance line at 116.00, the quotes reversed and started building a downward wave, which is the fifth in a row, mandatory for the pattern. The target for working out the movement is around 97.00, and the probability of its achievement has increased after the formation of a price gap of 114.00–108.00.

Technical indicators almost reversed downwards: fast EMAs on the Alligator indicator are approaching the signal line, narrowing the oscillation range, and the AO histogram is forming downward bars in the buying zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 103.80 with the target at 97.20. Stop loss – 106.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and price consolidation above 109.70 with the target at 115.50. Stop loss – 107.00.

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]

Tesla Inc.: technical analysis 12.05.2023

Good afternoon, dear forum visitors!

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

Shares of Tesla Inc., the world’s leading manufacturer of electric cars, are trading at 172.00.

On the daily chart, the price is correcting within the global downward corridor with dynamic boundaries of 190.00–145.00, forming an upward wave.

On a four-hour chart, the wave is developing as a local corridor with dynamic boundaries of 177.00–167.00, which can work as a Flag pattern, which will mean a continuation of the decline to the low of 152.00. Further dynamics of quotes will be determined by the direction of their exit from the local channel.

Technical indicators remain neutral: fast EMAs on the Alligator indicator are close to the signal line, and the AO histogram stays in the buy zone near the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 167.00 with the target at 152.00. 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 177.00 with the target at 190.00. Stop loss – 172.00.

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 Tesla Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Walmart Inc.: technical analysis 15.05.2023

Good afternoon, dear forum visitors!

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

Shares of Walmart Inc., the US company that operates the world’s largest wholesale and retail chain, are at 153.00.

On the daily chart, the price is correcting within the global ascending corridor with dynamic boundaries of 165.00–140.00.

On the four-hour chart, within the growth wave, a local Head and shoulders reversal pattern is formed with the Neckline at 150.00. If the formation is realized, the quotes will reach 145.00, after which the global uptrend will continue.

Technical indicators support the upward scenario but do not rule out a local correction: fast EMAs on the Alligator indicator began to narrow the fluctuation range, approaching the signal line, and the AO histogram is forming corrective bars.

Trading tips

Short positions may be opened after a reversal, reduction, and consolidation of the price below 151.00 with the target at 146.00. Stop loss – 153.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 154.50 with the target at 159.00. Stop loss – 152.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

EUR/USD: mixed trading dynamics in anticipation of new drivers 17.05.2023

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 mixed trading dynamics, consolidating near 1.0865 and local lows updated at the beginning of the week. Investor activity remains low, despite the fact that quite a lot of macroeconomic statistics comes to the market.

Published on Tuesday, May 16, data from Europe managed to provide only short-term support for the single currency, after which, with the opening of the American session, the dollar managed to win back the lost positions. Anyway, the Employment Rate in the euro area in the first quarter added 0.6% after rising by 0.3% in the previous month with a neutral forecast and accelerated from 1.5% to 1.7% in annual terms, while analysts expected deceleration to 0.4%. Updated statistics on the dynamics of the Gross Domestic Product (GDP) of the eurozone for the first quarter reflected economic growth at previous levels of 0.1% in quarterly terms and 1.3% in annual terms. However, the May index of Economic Sentiment from the Center for European Economic Research (ZEW) for the countries of the region as a whole fell from 6.4 points to -9.4 points instead of the expected -1.0 points, and for Germany it fell from 4.1 points to -10.7 points with preliminary estimates of -5.3 points. The index of Current Situation in Germany fell from -32.5 points to -34.8 points, while the market expected -37.5 points. These data indicate a possible worsening of the economic situation in the EU in the second half of the year and reinforce fears of a recession.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range expands from below, making way for new local lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, which has reached its lows, is reversing upwards, signaling in favor of the development of corrective growth in the near future.

Resistance levels: 1.0900, 1.0957, 1.1000, 1.1051.
Support levels: 1.0850, 1.0800, 1.0758, 1.0700.

Trading tips

Short positions may be opened after a breakdown of 1.0850 with the target at 1.0758. Stop-loss — 1.0900. Implementation time: 1-2 days.

A rebound from 1.0850 as from support followed by a breakout of 1.0900 may become a signal for opening new long positions with the target at 1.1000. Stop-loss — 1.0850.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

GBP/USD: pound develops "bearish" dynamics at the end of the week 19.05.2023

Good afternoon, dear forum visitors!

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

Current trend

The GBP/USD pair is trading with downward dynamics, developing a strong "bearish" momentum formed the day before. The instrument is testing the level of 1.2390 for a breakdown, updating local lows from April 25.

Macroeconomic publications, as well as the prospects for a positive decision on the issue of adjusting the US government debt limit, contributed to an active decrease in the instrument the day before. President Joe Biden, who is currently in Japan for the G7 summit, assured the world community that the government will not allow a default, since all congressmen are aware of its catastrophic consequences not only for the American economy, but for the world. The head of the White House will interrupt his trip to return to the United States on Sunday and continue working to achieve a final consensus between Republicans and Democrats.

Among macroeconomic publications, investors drew attention to the decrease in the number of Initial Jobless Claims for the week ended May 12 from 264.0 thousand to 242.0 thousand, which turned out to be 10.0 thousand better than analysts' expectations, and the number of Continuing Jobless Claims for the week ended May 5 fell from 1.807 million to 1.799 million, while analysts had expected growth to 1.818 million.

The data from the UK released today did not provide any support to the pound. GfK Consumer Confidence in May rose from -30.0 points to -27.0 points, which fully coincided with analysts' forecasts.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range expands from below, making way for new local lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic shows similar dynamics; however, the indicator line is close to its lows, indicating the risks of the pound being oversold in the near future.

Resistance levels: 1.2450, 1.2500, 1.2550, 1.2600.
Support levels: 1.2390, 1.2350, 1.2283, 1.2236.

Trading tips

Short positions may be opened after a breakdown of 1.2390 with the target at 1.2283. Stop-loss — 1.2450. Implementation time: 2-3 days.

A rebound from 1.2390 as from support followed by a breakout of 1.2450 may become a signal for opening new long positions with the target at 1.2550. Stop-loss — 1.2390.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Microsoft Corp.: technical analysis 22.05.2023

Good afternoon, dear forum visitors!

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 trading at 318.00.

On the daily chart, the price is moving within an uptrend and is approaching the resistance line of the ascending corridor with dynamic boundaries of 280.00–338.00.

On the four-hour chart, the prospects for continued growth have noticeably increased after renewing the local high of 310.00, and the global channel resistance line around 340.00 is now the main target. The positions of the “bears” have noticeably weakened, and to start the decline, the price needs to consolidate below the previous resistance of 300.00.

Technical indicators support the upward scenario: the range of EMA fluctuations on the Alligator indicator is expanding upwards, and the AO histogram is forming rising bars, growing in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 322.00 with the target at 340.00. Stop loss — 315.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 310.00 with the target at 291.00. Stop loss — 315.00.

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 Microsoft Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: in April, the UK public debt reached 99.2% of the country's GDP 24.05.2023

Good afternoon, dear forum visitors!

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

Current trend

The GBP/USD pair is trading with a weak upward trend around 1.2443, recovering after a two-day correction, as a result of which local lows from April 21 were updated.

The reason for the strengthening of the trading instrument is mainly technical factors, while the macroeconomic background does not provide significant support to the British currency. The data from Great Britain, published the day before, had additional slight pressure on the positions of the pound. S&P Global/CIPS Manufacturing PMI in May fell from 47.8 points to 46.9 points, while forecasts suggested its growth to 48.0 points, and Services PMI fell from 55.9 points to 55.1 points, which turned out to be worse than the expected 55.5 points. Today, market participants are evaluating the inflation statistics for April: the annual Consumer Price Index slowed down from 10.1% to 8.7%, which turned out to be worse than forecasts at 8.3%, while in monthly terms the indicator accelerated from 0.8% to 1.2%, while analysts did not expect changes, and the Core CPI corrected from 6.2% to 6.8% in annual terms. In turn, the Retail Price Index rose to 1.5% in April from 0.7% earlier, and in annual terms it slowed down from 13.5% to 11.4%, while analysts expected 1.2% and 11.1%, respectively. During the day, investors will follow the speech of the Governor of the Bank of England, Andrew Bailey, who may clarify the regulator's plans for further tightening of monetary policy.

Meanwhile, the UK Office for National Statistics (ONS) recorded a record level of public debt in April, which amounted to 2.54 trillion pounds or 99.2% of the country's Gross Domestic Product (GDP). Last month, public sector net borrowing, excluding state banks, was 25.6 billion pounds, well above the previous year's figure of 11.9 billion pounds and analysts' forecast of 19.75 billion pounds. Chancellor of the Exchequer Jeremy Hunt said the government will begin to reduce debt, but acknowledged that the additional funds have helped support households and businesses in the wake of the pandemic and amid the energy crisis.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line) The indicator is trying to consolidate below the zero level. Stochastic, on the contrary, demonstrates moderate growth, signaling in favor of the development of corrective dynamics in the near future.

Resistance levels: 1.2450, 1.2500, 1.2550, 1.2600.
Support levels: 1.2390, 1.2350, 1.2283, 1.2236.

Trading tips

Long positions can be opened after a breakout of 1.2450 with the target of 1.2550. Stop-loss — 1.2390. Implementation time: 2-3 days.

A rebound from 1.2450 as from resistance, followed by a breakdown of 1.2390 may become a signal for opening of new short positions with the target at 1.2283. Stop-loss — 1.2450.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 26.05.2023

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.

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving within a corrective trend at 88.00.

On the daily chart, the price is trading within the global sideway with the boundaries of 78.00–116.00, forming a downward wave.

On the four-hour chart, the local ascending channel with the boundaries of 99.00–107.00 was interrupted, and the quotes broke the support line with a price gap of 101.00–95.00, continuing to move to the December low of 85.00. In case of consolidation below it, there will be practically no obstacles on the way to the support line of 78.00.

Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming downward bars, falling in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 85.00 with the target at 78.00. Stop loss — 90.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 91.50 with the target at 101.00. Stop loss — 90.00.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 29.05.2023

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.

Shares of Netflix Inc., an American entertainment company and movie and TV series streaming service, are trading at 378.00.

On the daily chart, the price is correcting within the global ascending corridor with dynamic boundaries of 330.00–440.00, forming another wave of growth.

On the four-hour chart, the upside potential remains high as the quotes consolidated above the yearly high of 376.00. The local Three Crows candlestick pattern with the base target above 400.00, which is implementing, also confirms the positive dynamics.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 385.00 with the target at 420.00. Stop loss – 365.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 368.00 with the target at 330.00. Stop loss – 380.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

GBP/USD: the pound is being corrected after a strong growth the day before 31.05.2023

Good afternoon, dear forum visitors!

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

Current trend

The GBP/USD pair is trading around 1.2390, correcting after a rather active growth the day before, which allowed the instrument to renew local highs from May 24.

The market was positive on reports that a US default could be avoided as President Joe Biden and Speaker of the House of Representatives Kevin McCarthy agreed on the main terms for raising the national debt limit over the weekend. Today, the bill will go through the approval process in Congress, while the vote in the Senate is expected only at the end of the week. Meanwhile, US Treasury Secretary Janet Yellen clarified that the government will not be able to fulfill its debt obligations from June 5, but most investors are confident that the budget agreement will be approved before this date.

The macroeconomic statistics from the US and the UK, published the day before, did not have a significant impact on the dynamics of the instrument. One way or another, the Retail Price Index from the British Retail Consortium (BRC) rose again from 8.8% to 9.0% in April, indicating continued inflationary pressure. In turn, the Housing Price Index in the US in March corrected from 0.7% to 0.6%, while analysts expected a decline to 0.2%, and in annual terms, the figure was -1.1% after an increase of 0.4% in the previous month and with a forecast of -1.6%. Dallas Fed Manufacturing Business Index in May fell from -23.4 points to -29.1 points, which turned out to be significantly worse than preliminary estimates of -19.6 points.

Meanwhile, British Chancellor of the Exchequer Jeremy Hunt announced the need to continue the "hawkish" course of monetary policy, despite the rising risks of a recession. The official explained that economic recovery is possible only in the event of a complete victory over inflation, which in the previous month showed a slowdown from 10.1% to 8.7% in annual terms and updated the March 2022 low. However, statistics showed that consumer food prices in the UK rose 19.1% in March compared to the same period last year (rising to a high of August 1977), but in April the figure corrected to 17.3%. Hunt says food inflation disproportionately affects low-income households, who spend the most on food and are less able to use cheaper commodity alternatives. The government is scheduled to consider updating the pricing rules following a study by the UK Competition and Markets Authority (CMA).

Support and resistance

On the D1 chart Bollinger Bands are trying to reverse horisontally. The price range is almost constant, remaining rather spacious for the current level of activity in the market. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic is showing a more confident growth and is located in the middle of its area.

Resistance levels: 1.2450, 1.2500, 1.2550, 1.2600.
Support levels: 1.2390, 1.2350, 1.2307, 1.2236.

Trading tips

Short positions may be opened after a breakdown of 1.2350 with the target at 1.2236. Stop-loss — 1.2410. Implementation time: 2-3 days.

A rebound from 1.2350 as from support followed by a breakout of 1.2400 may become a signal for opening new long positions with the target at 1.2500. Stop-loss — 1.2350.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 02.06.2023

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 US multinational holding company that owns technology conglomerate and social media giant Facebook, are trading at 272.00.

A correction trend is forming on the daily chart, within which the price is heading toward the channel resistance line with dynamic boundaries of 300.00–245.00.

On the four-hour chart, the prospects for a continuation of the upward momentum have noticeably increased after the quotes consolidated above the 100.0% underlying trend level of the Fibonacci extension of 268.00. The next upside target is the 161.8% full trend level of the Fibonacci extension at 292.00.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming rising bars, rising in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 278.00 with the target at 292.00. Stop loss – 270.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 268.00 with the target at 253.50. Stop loss – 275.00.

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]

Tesla Inc.: technical analysis 05.06.2023

Good afternoon, dear forum visitors!

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

Shares of Tesla Inc., the world’s leading manufacturer of electric cars, continue their global correction, trading at 214.00.

On the daily chart, the price is growing, consolidated above the resistance line of the downwards corridor with dynamic boundaries of 190.00–143.00.

On the 4-hour chart, if the initial Fibonacci extension 61.8% trend level of 224.00 is broken, the upside momentum will become a full trend, and the next resistance will be the 100.0% Fibonacci extension core trend level of 268.00.

Technical indicators are signaling growth: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the range of fluctuations, and the AO histogram is forming rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 224.00 with the target at 268.00. Stop loss — 215.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 200.00 with the target at 172.00. Stop loss — 210.00.

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 Tesla Inc. and trade efficiently with NPBFX.