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[Antony_NPBFX]

Alcoa Corp.: technical analysis 07.06.2023

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, retreating from the support line of the global downward corridor with dynamic boundaries of 36.00–31.00.

On the four-hour chart, it can be seen that after the breakdown of the low of 33.50, the quotes reversed and returned above it. After reaching the upper limit of the local channel at 35.00, another change in the direction of movement is likely, and an increase in the global momentum with an attempt to reach the year’s low of 31.10.

Technical indicators keep a sell signal: the EMA fluctuation range on the Alligator indicator remains wide, 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 33.50 with the aim of 31.10. Stop loss – 34.50. 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 40.00. Stop loss — 35.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Alphabet Inc.: technical analysis 09.06.2023

Good afternoon, dear forum visitors!

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

Shares of the American holding company Alphabet Inc. are moving in the global corrective trend at 122.00.

On the daily chart, an ascending channel with dynamic boundaries of 115.00–133.00 is forming, within which the price, having reversed from the resistance line, continues its local decline.

On the four-hour chart, a breakdown of the key low of 120.70 will open the possibility of a full-fledged decline to the global channel support line at 115.00. At the moment, there are practically no prospects for correction but they may appear in case of re-consolidation of quotes above 126.00.

Technical indicators are preparing to give a sell signal: fast EMAs on the Alligator indicator are approaching the signal line, actively narrowing the range of fluctuations, and the AO histogram is forming downward bars close to the transition level.

Trading tips

Short positions may be opened after a reversal, reduction, and consolidation of the price below 120.70 with the target at 115.00. Stop loss – 123.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 126.00 with the target at 133.00. Stop loss – 123.00.

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 Alphabet Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 12.06.2023

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 series streaming service, are trending correctively at 420.00.

On the daily chart, the price is forming a wave of growth within the global ascending corridor with dynamic boundaries of 350.00–460.00.

On the four-hour chart, upside potential remains high as the stock consolidated above the initial 61.8% Fibonacci extension trend at 418.00, which allows the stocks hit a global high of 470.00.

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 430.00 with the target at 470.00. Stop loss – 415.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 416.00 with the target at 379.00. Stop loss – 425.00.

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]

Cisco Systems Inc.: technical analysis 14.06.2023

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.

Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 50.80.

On the daily chart, the price is growing towards the resistance line of the rising channel with dynamic boundaries 46.00–53.00.

On the four-hour chart, the growth potential is quite high, as evidenced by the recent consolidation of quotes above the local high of 50.00. The key “bullish” level is the year’s high at 53.00, and in case of a reversal, the key “bearish” level will be the channel support level at 47.00.

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

Trading tips

Long positions may be opened after the price rises and consolidates above 51.70 with the target at 54.00. Stop loss — 51.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 49.50 with the target at 47.40. Stop loss – 50.50.

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 Cisco Systems Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Apple Inc.: technical analysis 16.06.2023

Good afternoon, dear forum visitors!

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

Shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving within a corrective trend at 186.00.

On the daily chart, the price remains within the global ascending corridor with dynamic boundaries of 180.00–205.00, forming another ascending wave.

On the four-hour chart, the upward movement has high prospects for continuation, as evidenced by the breakout of the previous global high of June 5 around 185.00, after which there is practically no resistance left, and the instrument can continue moving up to the channel resistance line around 205.00.

Technical indicators confirm the high probability of growth: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram forms corrective bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 188.00 with the target at 196.00 and stop loss 184.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 182.00 with the target at 174.00. Stop loss – 186.00.

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 Apple Inc. and trade efficiently with NPBFX.

 

[NPBFX_Official]

ExxonMobil Corp.: technical analysis 15.11.2024

Good afternoon, dear forum visitors!

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

Shares of ExxonMobil Corp., an American oil company, are trading in a correction trend at 120.00.

On the daily chart, the price could not leave the ascending channel 126.00–110.00 and is held below its resistance line.

On the four-hour chart, the quotes are above the resistance level of 119.00 and can renew the high of 126.00. However, after a breakdown of 119.00, the price may reach the support level of 110.00.

Technical indicators are in a buy state: fast EMAs on the Alligator indicator are held slightly above the signal line, and the AO histogram forms downward bars in the positive zone.

Trading tips

Long positions may be opened after the price grows and consolidates above 122.00, with the target at 126.00. Stop loss is around 120.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 119.00, with the target at 111.50. Stop loss — 122.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

 

[NPBFX_Official]

GBP/USD: awaiting publication of UK inflation statistics 18.11.2024

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 falling in the area of 1.2633. The pound continues to show a rather uncertain trend amid the rally in the US dollar.

On Wednesday, at 09:00 (GMT+2), the UK will publish inflation data, and according to the forecast the Consumer Price Index will correct from 1.7% to 2.2%, above the target of 2.0%, which may become an argument for the Bank of England to postpone the timing of the reduction in borrowing costs, since the situation in the housing market also remains tense. The interest rate on a five-year fixed-rate mortgage was 5.4955% on Friday, down from 5.4205% a week ago, according to Moneyfacts Group Plc. The country's economy is under pressure from a major rise in corporate tax announced by Chancellor Rachel Reeves in the new government budget, and policymakers will now have to make a choice: either continue to be "dovish", reducing pressure on businesses and households, or raise interest rates to slow inflation. Last week, Bank of England Governor Catherine Mann said that it was necessary to maintain borrowing costs at the same level until the risks of a decline in purchasing power and an increase in the general level of prices for goods and services, including those associated with the election of Republican Party representative Donald Trump as US President, are mitigated.

Meanwhile, the US dollar is trading slightly below Friday's highs this morning at 106.50 in USDX as investors once again focus on macroeconomic factors, one of which could be the release of the October housing market report tomorrow at 15:30 (GMT+2). Despite the US economy's progress since early fall, the sector is still showing weak results: analysts expect the number of Building Permits issued in October to be 1.440 million, down from 1.425 million the previous month, while Housing Starts could fall to 1.340 million from 1.354 million, continuing the negative trend of September, when the figure fell by 0.5%.

Support and resistance

On the daily chart, the GBP/USD pair is correcting, holding significantly below the support line of the ascending channel with dynamic boundaries of 1.3450–1.2900.

Technical indicators have reversed and are holding a steady sell signal: fast EMAs on the Alligator indicator are still moving away from the signal line, and the AO histogram is forming new corrective bars, being in the sell zone.

Support levels: 1.2600, 1.2350.
Resistance levels: 1.2690, 1.2890.

Trading tips

If the decline continues and the price consolidates below the support level of 1.2600, it is relevant to open sell positions with a target of 1.2350. Stop-loss — 1.2700. Implementation time: 7 days and more.

If the asset continues corrective growth and the price consolidates above the resistance level of 1.2690, long positions will be relevant with target at 1.2890. Stop-loss — 1.2600.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

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

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

 

[NPBFX_Official]

JPMorgan Chase & Co.: technical analysis 20.11.2024

Good afternoon, dear forum visitors!

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

Shares of JPMorgan Chase & Co., one of the largest transnational financial conglomerates in the United States, are moving within the corrective trend at 243.00.

On the daily chart, the price is above the resistance line of the ascending channel with dynamic boundaries of 240.00–210.00, preparing to continue growing.

On the four-hour chart, the quotes are trying to retreat from the channel resistance line without working out the price gap of 235.80–220.80, and after consolidation above the year’s high of 247.00, a continuation of the positive dynamics to the 270.00 region is likely. A decline is possible only in case of consolidation below the low of November 7 at 235.00.

Technical indicators maintain a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram forms correction bars in the positive zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 247.00, with the target at 265.00. Stop loss — 240.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 236.00, with the target at 219.00. Stop loss – 240.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

Use the current recommendations of analysts on JPMorgan Chase & Co. and trade efficiently with NPBFX.

 

[NPBFX_Official]

Hewlett-Packard Co.: technical analysis 22.11.2024

Good afternoon, dear forum visitors!

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

Shares of Hewlett-Packard Co., an American giant in the field of information technology, are trading at 38.00.

On the daily chart, the price is correcting significantly above the resistance line of the downward channel 35.00–29.00.

On the four-hour chart, the upward trend may continue after the quotes consolidate above the intermediate year’s high of 38.00, with the target at 42.00. However, in the event of a reversal and decline, testing of the September low of 34.00 may follow.

Technical indicators are ready to support the upward signal: fast EMAs on the Alligator indicator are above the signal line, moving away from it, and the AO histogram forms upward bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 38.40, with the target at 41.30. Stop loss is 37.50. Implementation period. 7 days or more.

Short positions may be opened after the price falls and consolidates below 36.60, with the target at 33.00. Stop loss is 37.50.

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 Hewlett-Packard Co. and trade efficiently with NPBFX.

 

[NPBFX_Official]

NZD/USD: Westpac Banking Corp. sees New Zealand dollar falling by 0.58 dollars by year-end 25.11.2024

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the NZD/USD pair is consolidating near 0.5850. Trading opened with a small positive gap after a confident downward trend at the end of last week, but the activity of the "bulls" is gradually decreasing, since there are still no drivers for the recovery of the New Zealand dollar's positions. The instrument fell to a one-year low last week as concerns from the Reserve Bank of New Zealand (RBNZ) about the country's economic recovery and the impact of US President-elect Donald Trump's announced trade tariffs on exports only confirmed those worries. Against this backdrop, market experts are looking for a 50-basis-point reduction in borrowing costs from 4.75% to 4.25%, while Westpac Banking Corp.'s base case scenario is for the New Zealand dollar to correct to 0.58 US dollars by year-end, with an "extremely low target" of 0.55 US dollars this year or in the first quarter.

In addition, New Zealand's macroeconomic statistics released on Monday showed Exports in October rising from 5.01 billion dollars to 5.77 billion dollars, while Imports rose from 7.06 billion dollars to 7.31 billion dollars, resulting in only a slight narrowing of the trade deficit from –9.15 billion dollars to –8.96 billion dollars. Retail Sales in the country fell by 0.1% in the third quarter after –1.2% in the previous period, while Retail Sales excluding Autos lost 0.8% after –1.0%.

Tomorrow, at 21:00 (GMT+2), the US Federal Open Market Committee (FOMC) minutes for November will be released, with investors hoping to catch hints of a possible 25-basis-point interest rate cut in December. On Wednesday, the market will receive statistics on the dynamics of Gross Domestic Product (GDP) for the third quarter, as well as on the Price Index of Personal Consumption Expenditures, a key indicator of inflation for the US Federal Reserve.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is trying to reverse into an ascending plane again keeping its previous sell signal (located below the signal line). Stochastic retains a steady downtrend but is located in close proximity to its lows, which indicates the risks of oversold New Zealand dollar in the ultra-short term.

Resistance levels: 0.5858, 0.5885, 0.5920, 0.5950.
Support levels: 0.5830, 0.5800, 0.5750, 0.5720.

Trading tips

Long positions can be opened after a breakout of 0.5885 with the target of 0.5950. Stop-loss — 0.5858. Implementation time: 2-3 days.

The return of "bearish" trend with the breakdown of 0.5830 may become a signal for new sales with the target at 0.5750. Stop-loss — 0.5858.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

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

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

 

[NPBFX_Official]

Amazon.com Inc.: technical analysis 29.11.2024

Good afternoon, dear forum visitors!

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

Shares of Amazon.com Inc., a leader in e-commerce, are trading at 205.00.

On the daily chart, the corrective trend is strengthening, within which the price is approaching the resistance line of the ascending channel with dynamic boundaries of 224.00–200.00.

On the four-hour chart, the current increase is a corrective wave within the range but consolidation above the high of November 14 at 215.00 will allow the quotes to reach the area of 224.00 and 240.00. Otherwise, a reversal and decline to the low of 196.00 will follow.

Technical indicators are holding the buy signal: the EMA oscillation range on the Alligator indicator is expanding, and the AO histogram is forming ascending bars in the positive zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 208.00, with the target around 222.00. Stop loss — 203.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 201.00, with the target at 186.00. Stop loss — above 207.00.

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 Amazon.com Inc. and trade efficiently with NPBFX.

 

[NPBFX_Official]

USD/JPY: Bank of Japan Governor ready to continue "hawkish" monetary policy 02.12.2024

Good afternoon, dear forum visitors!

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

Current trend

The USD/JPY pair is recovering from a sharp decline at the end of last week, when local lows from October 21 were updated. During the Asian session, quotes are testing 150.65 for a breakout, supported by technical factors and in anticipation of key macroeconomic statistics on the US labor market at the end of the week. Nonfarm Payrolls are expected to increase by 183.0 thousand in November after increasing by 12.0 thousand in the previous month, Average Hourly Earnings are expected to adjust to 0.3% from 0.4% on a monthly basis, and the Unemployment Rate is expected to remain unchanged at 4.1%. In turn, Michigan Consumer Sentiment Index is projected to rise in December from 71.8 points to 72.9 points. On Wednesday, at 15:15 (GMT+2), the US will see a report from Automatic Data Processing (ADP) on private sector employment, with forecasts suggesting a slowdown in November from 233.0 thousand to 165.0 thousand, and at 21:00 (GMT+2), the US Federal Reserve’s monthly economic review, the Beige Book, will be released.

Meanwhile, the yen is being supported by statements by Bank of Japan Governor Kazuo Ueda that the cost of borrowing may soon be raised from the current 0.25% at a meeting on December 18-19, since macroeconomic statistics are consistent with the regulator's expectations. For now, officials will focus on implementing plans to index import tariffs announced by US President-elect Donald Trump.

Japan released Tokyo-area inflation data for November on Friday, with the annual Consumer Price Index (CPI) rising sharply from 1.8% to 2.6%, while the CPI excluding Food and Energy rose from 1.8% to 2.2%. Investors also noted the growth in Retail Sales in October from 0.5% to 1.6%, which, however, turned out to be worse than the expected 2.2%, while Industrial Production in monthly terms increased from 1.6% to 3.0% with preliminary estimates of 3.9%. Corporate spending accelerated in the third quarter, suggesting robust domestic demand is underway as the country's economic recovery bolsters the case for further monetary tightening: capital spending rose to 8.1% from 7.4% year-on-year and was up 1.7% on a seasonally adjusted basis. The data that will be used to calculate the revised Gross Domestic Product (GDP) figures will hit the market on December 9 and are likely to confirm the domestic economy's performance in line with the Bank of Japan's forecasts.

Support and resistance

On the daily chart, Bollinger Bands are sharply reversing downwards. The price range expands, making way to new local lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero level. Stochastic, having approached its lows, is trying to reverse into an ascending plane, signaling in favor of the development of the "bullish" trend in the near future.

Resistance levels: 151.50, 152.22, 153.18, 153.87.
Support levels: 150.50, 150.00, 149.45, 148.24.

Trading tips

Long positions can be opened after a breakout of 151.50 with the target of 153.18. Stop-loss — 150.50. Implementation time: 2-3 days.

A rebound from 151.50 as from resistance, followed by a breakdown of 150.50 may become a signal for opening of new short positions with the target at 148.24. Stop-loss — 151.50.

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

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

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

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

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

 

[NPBFX_Official]

IBM Corp.: technical analysis 04.12.2024

Good afternoon, dear forum visitors!

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

Shares of IBM Corp., a giant in the development and sale of hardware software, are moving in a corrective trend at 228.00.

On the daily chart, the price is approaching the support line of the ascending channel with dynamic boundaries of 255.00–234.00 for reverse testing.

On the four-hour chart, the quotes almost covered the recent price gap of 220.00–230.00 and headed to the support line of the recent ascending channel of 236.00. The consolidation above will allow them to return into the range and reach the resistance line of 250.00.

Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are approaching the signal line, expanding the range of oscillation, and the AO histogram is forming ascending bars, rising in the positive zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 230.00, with the target at 246.00. Stop loss — 224.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 223.00, with the target at 203.00 and stop loss 230.00.

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 IBM Corp. and trade efficiently with NPBFX.

 

[NPBFX_Official]

WTI Crude Oil: OPEC+ members extend plans to cut oil production until the end of March 2025 06.12.2024

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 morning session, the price of WTI Crude Oil slightly declined, testing 68.00, and returned to the beginning of the week amid expectations of American macroeconomic statistics.

So, today at 15:30 (GMT+2), November data on the labor market is due, which may affect the decisions of the US Fed on monetary policy. Forecasts suggest an increase in nonfarm payrolls from 12.0K to 202.0K and unemployment – from 4.1% to 4.2%. Average hourly earnings may decrease from 0.4% to 0.3% MoM and from 4.0% to 3.9% YoY. At 17:00 (GMT+2), investors will turn their attention to the December consumer confidence index from the University of Michigan, which experts expect to accelerate from 71.8 points to 73.0 points.

Traders are assessing the results of the 38th OPEC+ ministerial meeting. The participants extended the additional voluntary oil production cut of 2.2M barrels per day, introduced in November 2023, until the end of March to maintain stability and balance in the oil market. Analysts attribute this decision to seasonal changes but point out that optimistic forecasts regarding the pace of global economic recovery are not coming true. Some support for the quotes was provided by the report from the Energy Information Administration of the US Department of Energy (EIA), which reflected a change in oil reserves for the week of November 29 from –1.844M barrels to –5.073M barrels compared to preliminary estimates of –1.0KM barrels.

The market is in a correction. According to the latest report from the US Commodity Futures Trading Commission (CFTC), last week, net speculative positions in WTI Crude Oil increased from 193.9K to 200.4K. As for the balance of sellers and buyers, this week reflects a significant influx of investors in all categories, last observed in August. The balance of producers was 434.913K for the “bulls” against 356.858K for the “bears”, buyers increased their positions by 4.178K, and sellers – by 11.113K.

Support and resistance

On the daily chart, Bollinger bands are slightly decreasing: the price range is expanding from below, letting the “bears” renew local lows. The MACD indicator is decreasing, maintaining a poor sell signal (the histogram is below the signal line). Stochastic is approaching “20,” indicating the asset may become oversold in the ultra-short term.

Resistance levels: 68.57, 69.06, 70.00, 71.00.
Support levels: 67.53, 67.00, 66.48, 66.00.

Trading tips

Short positions may be opened after a breakdown of 67.53, with the target at 66.48. Stop loss — 68.25. Implementation period: 2–3 days.

Long positions may be opened after a rebound from 67.53 and a breakout of 68.57, with the target at 70.00. Stop loss — 67.80.

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[NPBFX_Official]

Netflix Inc.: technical analysis 09.12.2024

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, as well as a streaming service for movies and TV series, are trading at 934.00.

On the daily chart, the price is correcting within the ascending channel with dynamic boundaries of 1000.00–890.00.

On the four-hour chart, the probability of growth is confirmed by the quotes being above the previous high of 910.00, and the main target is the channel resistance line of 1000.00, consolidation above which may occur this week. A decline is likely in case of consolidation below 910.00.

Technical indicators are in a buy state: fast EMAs on the Alligator indicator are located above the signal line, expanding the range of fluctuations, and the AO histogram forms ascending bars in the positive zone.

Trading tips

Long positions may be opened after the price rises and consolidates above the 940.00 level, with the target at 1010.00. Stop loss is 910.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below the 907.00 level, with the target at 815.00. Stop loss is 940.00.

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.

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[NPBFX_Official]

EUR/USD: analysts predict cuts in all three key interest rates at tomorrow's ECB meeting 11.12.2024

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 ambiguous trading dynamics, consolidating near 1.0520. Market activity remains quite low as market participants await the release of key macroeconomic statistics on inflation in the US.

Forecasts suggest a slight increase in the Consumer Price Index in November from 2.6% to 2.7% year-on-year and from 0.2% to 0.3% month-on-month, while the Core CPI excluding Food and Energy could be fixed at 3.3% and 0.3%, respectively. However, analysts note that these data are unlikely to significantly change the level of expectations regarding the expected reduction in borrowing costs by 25 basis points at the US Federal Reserve meeting, which is scheduled for December 17-18. According to the Chicago Mercantile Exchange (CME Group) FedWatch Tool, the probability of such a scenario is estimated at almost 90.0%. Meanwhile, European investors are assessing the inflation data released yesterday in Germany: the Consumer Price Index fell 0.2% month-on-month and rose 2.2% year-on-year, in line with market forecasts and October data, while the Harmonized CPI fell by 0.7% and rose by 2.4%, respectively.

Tomorrow, at 15:15 (GMT+2), the European Central Bank (ECB) is expected to announce a 25-basis-point cut in its key, marginal and deposit rates to 3.15%, 3.40% and 3.00%, respectively, amid weak growth in major economies such as Germany and France, where business sentiment reflects persistent weakness, particularly in the manufacturing and services sectors. Nevertheless, analysts note the effectiveness of the regulator's monetary policy: inflation in the eurozone remains steadily below the target of 2.0% — the Consumer Price Index in annual terms accelerated in November from 2.0% to 2.3%, which coincided with market forecasts, and in monthly terms it lost 0.3% after a correction of 0.3% in the previous month, while the Core CPI adjusted from 2.7% to 2.8% in annual terms and decreased by 0.6% after growing by 0.2% in monthly terms. At 17:15 (GMT+2), ECB President Christine Lagarde will comment on the results of the monetary policy meeting, where investors hope to get hints about the further prospects for the region's economy in the context of global instability, as well as about the next steps of financial authorities.

Support and resistance

Bollinger Bands on the daily chart demonstrate mostly flat dynamics. The price range is narrowing, reflecting ambiguous nature of trading in the ultra-short term. MACD histogram is moderately growing keeping a weak buy signal (located above the signal line). Stochastic, on the contrary, maintains a relatively confident downward direction, signaling in favor of further development of "bearish" dynamics in the near future.

Resistance levels: 1.0554, 1.0600, 1.0629, 1.0665.
Support levels: 1.0500, 1.0450, 1.0400, 1.0350.

Trading tips

Short positions may be opened after a breakdown of 1.0500 with the target at 1.0400. Stop-loss — 1.0554. Implementation time: 2-3 days.

The return of the "bullish" trend with the breakout of 1.0554 may become a signal for new purchases with the target of 1.0665. Stop-loss — 1.0500.

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[NPBFX_Official]

Hewlett-Packard Co.: technical analysis 13.12.2024

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Hewlett-Packard Co. or a better understanding of the current market situation and more efficient trading.

Shares of Hewlett-Packard Co., an American giant in the field of information technology, are trading at 35.00.

On the daily chart, the price is correcting near the support line of the ascending channel with the boundaries of 40.00–34.00.

On the four-hour chart, after consolidation below the range’s support level and the autumn low of 34.00, the downward trend may continue, and the quotes will reach the July low of 32.00. However, after a reversal and growth, the price may test the July high of 38.00.

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

Trading tips

Short positions may be opened after the price declines and consolidates below 34.10, with the target at 32.00. Stop loss is 35.00. Implementation period: 7 days or more.

Long positions may be opened after the price grows and consolidates above 35.50, with the target at 38.10. Stop loss is 34.50.

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[NPBFX_Official]

Apple Inc.: technical analysis 16.12.2024

Good afternoon, dear forum visitors!

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

Shares of Apple Inc., a giant in the development and sale of personal and tablet computers, are moving in a corrective trend at 248.00.

On the daily chart, the price is within the ascending channel with dynamic boundaries of 253.00–228.00, approaching the resistance line.

On the four-hour chart, the quotes can break the year’s high of 251.00. Then, 270.00 will be the next resistance level.

Technical indicators are ready to strengthen the buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram forms ascending bars in the positive zone.

Trading tips

Long positions may be opened after the price consolidates above 251.00, with the target at 266.00 and stop loss 245.00. Implementation period: 7 days or more.

Short positions may be opened after the price consolidates below 244.00, with the target at 230.00. Stop loss is above 250.00.

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 Apple Inc. and trade efficiently with NPBFX.