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[Antony_NPBFX]

XAU/USD: the pair is trading in both directions 30.10.2017

Good afternoon, dear forum visitors!

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

Current trend

Gold prices grew considerably last Friday, moving away from the local maximum since October 6. The reason for the occurrence of “bullish” dynamics was technical correction factors, while the positions of the US currency remained quite stable.

Investors once again pay attention to the difference between the interest rates of the Fed and other central banks. Namely, last week ECB announced that the rates will remain low for a long time. Together with possible growth of the Fed’s rates until the end of 2017, this gives USD considerable support.

Gold also receives moderate support from speculations about the next head of the Fed. According to the media, Trump prefers Powell who is considered more neutral than Taylor. The head of the Fed will determine the rate of monetary policy tightening in the country which in turn will put pressure on gold as a non-interest-bearing asset.

Support ans resistance

Bollinger Bands in D1 chart show gradual decrease. The price range is slightly widening from below. MACD indicator is slowly growing preserving a sell signal (the histogram is below the signal line). Stochastic shows flat dynamics and is located near 20.

Resistance levels: 1272.14, 1276.26, 1283.29, 1290.67.

Support levels: 1266.01, 1260.25, 1251.03.

Trading tips

Long positions may be opened after the breakthrough of the level of 1276.26 with target at 1290.67 and stop-loss at 1270.00. The period of implementation is 2 days.

A breakdown of the level of 1266.01 may be a signal for the continuation of sales in the short term with target at 1251.03 and stop-loss at 1272.14. The period of implementation is 2-3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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

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

 

[Antony_NPBFX]

USD/JPY: dollar is falling 02.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Today US dollar is falling against yen moving away from local maximums formed after stable 2-day growth. Investors abstain from buying USD in view of important upcoming events that may considerably influence the dynamics of the market.

First of all, market players wait for the announcement of the new head of thr Fed at 21:00 (GMT+2). Yesterday President Trump wrote about in in his Twitter. Analysts believe it will be Jerome Powell who has a quite mild stand regarding further tightening of the monetary policy.

Secondly, investors are cautious before the release of the tax bill that has been speculated about a lot recently. Finally, on Friday traders wait for the release of the October report on the US labor market. Taking yesterday’s ADP report into account, October data may meet quite high market expectations.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is actively narrowing. MACD indicator is falling preserving a weak sell signal (the histogram is below the signal line). Stochastic preserves a quite stable upward trend.

Resistance levels: 114.26, 114.47, 115.00.

Suport levels: 113.85, 113.55, 113.24, 112.93.

Trading tips

Long positions may be opened after breaking through the level of114.26 with target at 115.00 and stop-loss at 113.85. The period of implementation is 2-3 days.

A breakdown of the level of 113.55 may be a signal for downward correction with targets at 113.00, 112.55 and stop-loss at 114.00. The period of implementation is 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

Bulls against bears: how to use the Forex Market Review on the NPBFX portal to indicate market sentiment

Good afternoon, dear forum visitors!

On the Forex market traders can observe cyclical changes in sentiment - bull and bearish. How to understand them properly and earn on the eternal market confrontation between the two forces? We will understand today together with the best instruments on the NPBFX analytical portal.

Bulls vs. The Bears

The bull market is dominated by traders who open deals to buy currencies (long positions), stimulating demand and causing even greater growth of currency price. As a rule, at such moments on the market you can observe an upward trend, but you should hurry to open deals for buying- the bull market can exist before the trend reversal.

On the bear market most players are aimed to lower prices and put up orders for sale (short positions). The price of a currency pair is constantly falling under the pressure of negative news and the constantly increasing number of applications for sale.

Sometimes it is more profitable to buy on the bear market, the main thing is to catch a moment when the price reaches its bottom. But you should be very cautious not to accept correction for the trend reversal. And the Forex Market Review instrument on the NPBFX portal perfectly helps to understand the current situation on the market.

What is the use of Forex Market Review indicator?

The Forex Market Review indicator helps traders to monitor the dynamics of buys/sales of certain currencies over a period of time, which allows to determine an optimal time to make a deal. That is, you can see what part of traders is buying now, and what part of traders is selling the instrument of interest. This information is important for both types of traders - those who make deals with the crowd, and those who go against the majority.

How to use the Forex Market Review instrument?

The Forex Market Review indicator can be found in the Signals section on the NPBFX analytical portal. It shows the ratio of buys to sales of trading instruments in percent. You can find the 11 most popular currency pairs and two types of crude oil. The data is updated every 10 minutes, so that it makes possible to understand the real picture on the market.

It is important to understand, that the instrument does not signal directly that you need to sale or buy, a trader makes a decision independently based on his goals and strategy. You can use the Forex Market Review indicator as an addition to any trading strategy to confirm confidence in trading decisions.

An example of using the indicator. Let's suppose you see the indicator shows on the AUDUSD pair a value of 62% BUY and 38% SELL. This means that among all the bidders at the moment, 62% of participants have long positions (bulls) and 38% short positions (bears). If the selected currency pair will gain growth, then in long positions there will be, for example, 95% of bulls and only 5% of bears. This indication is considered to be critical, when the number of traders who are able to increase the growth of the selected currency pair, is not much at all. In this situation you can expect a market reversal. A critical level for each currency pair can be different. If a trader notes a multiple turn of price when it reaches long positions at a certain percentage, for example, 82%, then most likely, this number is critical for this pair. When the mark approaches the border of 82%, you can expect a signal about the reversal.

Together with the Forex Market Review indicator traders can use trading signals, analytics on the portal, which will further increase the accuracy and efficiency of trading. Also you can get a detailed consultation of the analyst in the chat on the instruments of interest and your trading decisions. Free and unlimited access to the Forex Market Review and other useful instruments on the portal is available to all registered users on the NPBFX website.

 

[Antony_NPBFX]

XAU/USD: the instrument is trading in the flat 07.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Gold prices considerably grew during Monday trading having compensated a rapid fall at the end of the previous week and approached local maximums as of November 2. The demand for gold grew in view of USD consolidation and reduction of return on US and German bonds. The latter reached 2-month minimums as investors wanted ECB to release new data on the QE program.

Pressure on gold is put by expectations of one more increase of interest rates in the USA in 2017. Despite volatile indexes of inflation pressure, the Fed is very likely to increase the rate during the December meeting which was confirmed by different representatives of the regulator numerous times. According to the futures market, the possibility of growth rate in December exceeds 96% as of today.

Support and resistance

Bollinger bands in the D1 chart show flat dynamics. The price range is narrowing. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic is showing similar dynamics preserving an upward trend.

Resistance levels: 1283.77, 1290.67, 1298.33.

Support levels: 1276.26, 1272.14, 1267.30, 1263.37.

Trading tips

Long positions may be opened after the breakthrough of the level of 1283.77 with target at 1290.67 and stop-loss at 1279.00. The period of implementation is 2 days.

A breakdown of the level of 1276.26 may be a signal for the beginning of corrective sales with targets at1267.30, 1263.37 and stop-loss at 1282.00. The period of implementation is 2-3 days.

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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAG/USD: general review on 08.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Silver continues to slightly strengthen against USD. By now the price has broken down the resistance level of 5/8 Murrey or 16.99. If it consolidates above 17.00, the next target will be 17.18.

The demand for silver was caused by the publication by Fitch agency. It stated that Trump’s tax reform was far from being certain and could undergo numerous changes, although the Republicans claimed they were ready to resolve this issue until the end of the year.

On the other hand, certain outflow of cash from precious metals could be caused by further strengthening of digital currencies. The chairman of CME Leo Melamed stated that bitcoin could become a new class of assets like gold or silver. The trading site also promised to release futures by the end of the year. Many investors are very skeptical about that and believe the digital currencies market is just another bubble and precious metals will remain the instruments for asset preservation.

Support and resistance

Stochastic is at 200 points and indicates possible correction of the asset from current levels.

Resistance levels: 17.18, 17.35.

Support levels: 16.99, 16.88.

Trading tips

Long positions may be opened at the current market price with target at 17.18 and stop-loss at 16.83.

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

How can a trader determine if it’s worth buying or selling XAG now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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 XAG/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Why STP accounts? The five main advantages in NPBFX, impossible to refuse from

Good afternoon, dear forum visitors!

A trader today can choose the most favorable and suitable conditions for himself in the market of brokerage services. So, you can choose the best variants of the main parameters to start successful trading: leverage, execution speed, suitable minimum deposit and the way of orders execution (DD, NDD, ECN, STP). Among other advantages, NPBFX offers trading on STP accounts. Why STP accounts and what advantages do they give to traders?

5 main advantages of STP accounts in NPBFX:

1) No conflict of interest. STP means work by broker service model, when NPBFX does not appear as the second side of clients’ deals. Output of deals to the interbank market to liquidity providers is possible by using a bridge from the MetaTrader 4 trading platform. Such technological "bridges" allow to transfer a position not to only one bank but directly to a group of them, which provides the broker with a liquidity. Each client’s deal is hedged with liquidity providers, so the company doesn’t have an open currency position. And the income of the company is formed exclusively from a supplement to spreads — markup. Therefore, NPBFX is really interested in large volumes and profitable trading of its clients.

2) Instant speed up to 100-300 ms. Direct withdrawal to the interbank market without intermediaries makes it possible to reduce such a precious execution time for each trader. In addition, NPBFX locates its servers in the Equinix NY4 data center in New York to further enhance the reliability and speed of execution. On basic accounts the execution speed can be 1-1.5 seconds, while STP-accounts in NPBFX offer execution up to 100-300 ms. A huge difference, especially for scalpers and high-frequency traders, when a part of seconds can decide everything.

3) The best price of execution. NPBFX offers its clients the best market prices provided by the liquidity of Tier 1 banks and ECN systems (Integral, Currenex, Hotspot). Prices from liquidity providers are compared among themselves, and the first best price that satisfies the request is selected. Thus, a client receives the best price from the liquidity provider at the point time.

4) No requotes. Requotes or repeated quotes are the difference between the requested price of the trader and the one that reaches the broker. They can appear in case of strong movements in the market or low quality of execution, prevent closing a losing deal. Requotes are one the "headache" for traders in the market. But not for NPBFX clients.

5) 0 commissions and low spreads. You don’t need to pay any commissions for making deals, like on a ECN account, when a trader pays, for example, 5 units of currency for 1 lot. Additionally, NPBFX offers clients narrow spreads for profitable trading. So, spreads for one of the most popular pairs EURUSD are only from 0,4 ... 0,8 points, depending on the chosen account type.

STP is the quality mark

The execution of client’s deals via STP technology (literal abbreviation from English "Straight Through Processing") opens a new horizon of opportunities for traders, removing the restrictions that traders have to put up with on other account types. Reliability, quality, speed are three milestones on which STP is held. When trading via STP technology you can use any trading strategy without any restrictions, this variant is suitable for long-term,
intraday, and high-frequency traders.

Nowadays STP is the most proper technology, combining innovative solutions for profitable and convenient trade. That’s why NPBFX offers its clients the best. Choose one of the three available account types - Master, Expert or VIP and try trading at new heights with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the pair is growing 13.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Euro is trading in both directions against US dollar during today’s morning session consolidating near local maximums updated at the end of the previous week. The instrument is still supported by quite weak positions of the US currency that remains without support from macroeconomic statistics. Last Friday investors were disappointed by the reduction of consumer confidence index by the University of Michigan in November from 100.7 to 97.8 points (while the analysts expected no changes).

Moderate growth of USD is supported by resumed growth of returns on US bonds. By the end of the Friday trading session the return on 10-year-old securities reached the level of 2.400% which is a maximum since the beginning of the month.

Today traders will focus their attention on the monthly report on the state of the US budget in October that is due at 21:00 (GMT+2). The report is expected to show rapid growth of budget deficiency to $50 bln.

Support and resistance

Bollinger Bands in D1 chart show reduction. The price range is narrowing. MACD indicator is growing preserving a quite stable buy signal (the histogram is above the signal line). Stochastic also preserves upward direction but is approaching the level of 80.

Resistance levels: 1.1659, 1.1688, 1.1730, 1.1755.

Support levels: 1.1622, 1.1572, 1.1552, 1.1500.

Trading tips

Long positions may be opened after breaking through the levels of 1.1659 or 1.1688 with targets at 1.1755, 1.1800 and stop-loss at 1.1620. The period of implementation is 2-3 days.

Breaking down the level of 1.1622 may be a signal for corrective sales with targets at 1.1572 or 1.1550 and stop-loss at 1.1665. The period of implementation is 2-3 days.

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

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

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

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

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

 

[Antony_NPBFX]

WTI Crude Oil: oil prices are reducing 16.11.2017

Good afternoon, dear forum visitors!

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

Current trend

WTI oil prices remain near local maximums updated on Wednesday. The instrument is under pressure from the report on international oil demandpublished earlier by the IEA. Moreover, investors were disappointed with the report on oil stock within the week that finished on November 10 prepared by the US Department of Energy.

A report by the US Department of Energy released yesterday showed quite unexpected growth of oil reserves by 1.854 mln barrels after increase by 2.237 mln during the previous reporting period. US oil production grew from 9.620 to 9.645 mln barrels a day.

Speaking about the outlooks by EIA, on Tuesday it reduced its own forecast for the current year by 100,000 barrels a day. Therefore, the total volume of demand for 2017 made up 1,5 mln barrels a day. In 2018 the total volume of oil may drop to 1.3 mln barrels a day.

Support and resistance

Bollinger Bands in the H4 chart show stable decrease. The price range is actively narrowing. MACD indicator is growing preserving a moderate buy signal (the histogram is above the signal line). Stochastic has reversed horizontally.

Resistance levels: 55.66, 56.27, 57.00, 57.70.

Support levels: 55.00, 53.86, 53.00, 52.36.

Trading tips

Long positions may be opened after breaking out the level of 55.66 with target 57.00 and stop-loss at 54.90. The period of implementation is 2-3 days.

Breaking down the level of 55.00 may be a signal for opening short positions with target at 53.00 and stop-loss at 56.00, 56.20. The period of implementation is 2-3 days.

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

You can learn more about the current situation on crude oil and get acquainted with the weekly analytical forecast for WTI in the "Video reviews" section on the NPBFX portal. Also weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, 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 WTI and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: the pair is in correction 20.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Today New Zealand dollar is growing against the US dollar within the correction, regaining insignificant at of the loss after great fall since November, 9, due to the technical reasons, as there is lack of macroeconomics issues today.

Investors paid their attention only to New Zealand Food Price Index, but it didn’t affect the trading session significantly. The index fell by 1.1% MoM in October against the fall by 0.2% MoM in the previous month. New Zealand economy is sensitive to Food Price fluctuations, as agricultural and food products are the main part of export.

Support and resistance

On the daily chart Bollinger Bands are insignificantly falling. The price range is widening, but the instrument is still outside it. Current readings reflect the correctional growth development possibility in the short term.

MACD keeps steady downward trend with the sell signal (the histogram is below the signal line). It’s better to keep current short positions, but not to open new ones.

Stochastic reached the level of 20 and reversed into flat. It reflects that the instrument is oversold in the short term and the correctional growth is possible.

Resistance levels: 0.6816, 0.6843, 0.6873, 0.6917.

Support levels: 0.6779, 0.6746, 0.6715.

Trading tips

Long positions can be opened after the reversal around current levels and breakout of the level of 0.6816 with the targets at 0.6917–0.6950. Stop loss is 0.6760. Implementation period: 2-3 days.

The steady breakdown of the level of 0.6779 is the signal to open short positions in the short term with the target at 0.6700. Stop loss is 0.6843. Implementation period: 2-3 days.

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.

 

[Antony_NPBFX]

XAU/USD: gold is trading in different directions 23.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Yesterday gold prices significantly grew and compensated the fall in the beginning of the week, when the instrument stepped back from highs of October, 17, due to another fall of US currency after poor US macroeconomic data publication. In addition, investors focused on the decrease of the US bonds’ yield.

US October Durable Goods Orders indicator went down by 1.2% MoM after the growth by 2.0% MoM in September, while analysts expected the growth by 0.3% MoM. Durable Goods Orders ex Transportation index grew by 0.4% MoM in October, which is by 0.1% lower than analysts expected. However, Michigan Consumer Sentiment Index grew more than expected from 97.8 to 98.5 points in November.

Support and resistance

On the daily chart Bollinger Bands are moderately growing. The price range is insignificantly widening from above, but still reflects the mixed trade mood in the short term. It’s better to wait until the situation is clear.

MACD is growing, keeping a weak buy signal (the histogram is above the signal line). It is trying to consolidate above the zero line. New short positions can be opened in the short or/and very short term.

Stochastic’s dynamics is zigzag, it is in the center of its working area. It’s better to wait for more trading signals to open new positions.

Resistance levels: 1292.00, 1296.52, 1305.65.

Support levels: 1288.07, 1283.77, 1279.72, 1276.26.

Trading tips

Long positions can be opened after breakout the level of 1292.00 with the target at 1300.00. Stop loss is 1285.00. Implementation period: 2-3 days.

The breakdown of the level 1288.07 will make correctional short positions with the target at 1280.00 relevant. Stop loss is 1292.00. Implementation period: 2-3 days.

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

How can a trader determine if it’s worth buying or selling XAU now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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]

NZD/USD: technical analysis on 27.11.2017

Good afternoon, dear forum visitors!

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

NZD/USD, D1

In the D1 chart the pair has been corrected to the middle line of Bollinger Bands. The price range has narrowed. MACD histogram is in the negative zone preserving a signal for the opening of short positions. Stochastic is located near the border between the neutral zone and the oversold area, and the signal line of the oscillator is directed upwards. In case the border is broken from below, it will be a signal for opening sell orders.

NZD/USD, H4

On the H4 chart the instrument broke through the middle line of Bollinger Bands from below and continued upward movement. MACD histogram is in the positive area preserving a signal for the opening of long orders. Stochastic is in the neutral zone, and its signal line is directed upwards.

Key levels

Support levels: 0.6875, 0.6850, 0.6820, 0.6780.

Resistance levels: 0.6900, 0.6915, 0.6950.

Trading tips

In the short term the opening of long positions seems preferable from the key level with target at 0.6950 and stop-loss at 0.6860.

Short positions may be opened from the level of 0.6850 with target at 0.6800 and stop-loss at 0.6880.

The period of implementation is 1-3 days.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

USD/CAD: wave analysis on 30.11.2017

Good afternoon, dear forum visitors!

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

Current trend

The price can grow.

On the 4-hour chart the first wave 1 within the fifth wave (5) of the higher level is forming. Now the fifth wave v of 1, within which the wave (iii) of the lower level is developing, is forming. If the assumption is correct, the pair will grow to the levels of 1.2927–1.3000. The level of 1.2678 is critical for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 1.2678 with the targets at 1.2927–1.3000.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2678 will let the pair go down to the level of 1.2450.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

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

 

[Antony_NPBFX]

GBP/USD: wave analysis 04.12.2017

Good afternoon, dear forum visitors!

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

Current trend

The pair can fall.

On the 4-hour chart, the upward correction has formed as a wave B of the higher level. Locally the development of the wave С begins. If the assumption is correct, the price will fall to the levels of 1.3218–1.3030. The level of 1.3547 is critical for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 1.3547 with the targets at 1.3218–1.3030.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.3547 will let the pair grow to the level of 1.3657.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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

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

 

[Antony_NPBFX]

NZD/USD: the pair is growing 06.12.2017

Good afternoon, dear forum visitors!

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

Current trend

Yesterday New Zealand dollar insignificantly grew against US one, but now is increasing actively, due to the weakening of the American currency.

Despite the restoration of US government bond growth, investors do not buy USD and wait for new signals.

Yesterday’s US November Markit Services PMI publication disappointed the traders, and they focused their attention on today’s ADP Employment Change release, which will help to prepare for final employment reports publication on Friday.

New Zealand macroeconomical statistics supports the instrument insignificantly. Yesterday’s GDT Price Index grew by 0.4% MoM after the fall by 3.4% MoM in the previous month.

Support and resistance

On the daily chart, Bollinger Bands are moving flat. The price range is slightly narrowing in the bottom, reflecting the uncertainty of the trading sessions of the beginning of the week. It is better to use channel-trading strategy until the situation is clear.

MACD is growing, keeping a weak buy signal (the histogram is above the signal line). It is better to keep current long positions in the short term, but not to open new ones until new signals appear.

Stochastic's dynamics is the same, but the indicator’s line reversed upwards in the beginning of the week. Current readings do not contradict with the further “bullish” trend development in the short or/and very short term.

Resistance levels: 0.6903, 0.6917, 0.6943, 0.6956.

Support levels: 0.6873, 0.6843, 0.6814, 0.6779.

Trading tips

Long positions can be opened after breakout of the levels of 0.6903 or 0.6917 with the targets at 0.6943–0.6956 and stop loss at 0.6880. Implementation period: 2-3 days.

Correctional short positions can be opened after rebound at the level of 0.6903 and breakout of the level 0.6873 with the targets at 0.6843 or 0.6814 and stop loss at 0.6900. Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Earn more with narrow spreads in NPBFX

Good afternoon, dear forum visitors!

One of the compulsory basic items of expenses on Forex for traders are spreads. Each broker independently sets the amount of spreads taking into account the currency pair. Therefore, their amount in particular companies may differ significantly. Spread is paid for each deal, that’s why it is important for a trader to choose an optimal variant combining acceptable trading conditions with low spreads. The NPBFX company offers its clients one of the narrowest spreads for profitable trading - from 0.4 pips. No more overpayments.

Why are spreads in NPBFX profitable?

Liquidity in NPBFX is provided by the largest Tier 1 category banks and ECN-systems (Integral, Currenex, Hotspot), offering the best market prices for the company's clients. Narrow spreads on NPBFX accounts enable clients to significantly save costs on each deal and get more profit. This variant is especially ideal for HFT-traders and scalpers, who can make deals every second and more often.

You can see for yourself the favorable terms on spreads on the example of a pool of 4 popular currency pairs below.

You can monitor spreads in real time on the NPBFX website in the Online quotes section.

Favorable terms for spreads, combined with high-speed execution via STP technology and output of deals on the interbank market make trading in the company an attractive kind of financial activity for traders.

Start trading in NPBFX today and forget what causeless overpayments on spreads are.

 

[Antony_NPBFX]

USD/CHF: wave analysis 11.12.2017

Good afternoon, dear forum visitors!

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

Current trend

The probability of a price increase remains.

Within the 4-hour timeframe, the development of an upward correction continues as a high-level wave (2). At the moment, apparently, the wave C of (2) is forming, within which the first wave of lower level i of C develops. If the assumption is true, then the pair will continue to grow to 1.0000. The level of 0.9862 is critical for this scenario.

Main scenario

Long positions will become relevant above the level of 0.9862 with a target of 1.0000.

Alternative scenario

Breakdown of the level of 0.9862 will allow the pair to continue the decline to the level of 0.9765.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

Stanislav Borodin, NPBFX Brokerage Services Development Department

- How could you say, was the year 2017 successful for your company concerning the new services/products, amount of clients and financial numbers?

Answer:

In 2017 we’ve been continuing development of the company's services in the two key vectors. The first vector is the development of deals’ execution technology by the brokerage business model, meaning the complete withdrawal of absolutely every client’s deal to the liquidity providers. Such a business model requires very high-quality IT-development as a liquidity aggregator of financial instruments. In this direction we narrowed spreads on a number of currency trading instruments along with execution speed growth. Several new commodity financial instruments were connected. In the nearest future clients will be provided with liquidity for crypto-currencies. The quality of execution has always been the main competitive advantage of the company and it will remain the same in 2018.

The second vector are the accompanying services as the development of functional and usability of the client’s personal office, connection of new payment methods and increase of deposit and withdrawal transactions speed, as well as the development of analytical clients’ support.

As for the financial numbers, according to the preliminary data for 11 months of this year, the company's revenue grew up on 17% in dollar terms, comparing to 2016. The growth was achieved by the increasing number of actively trading clients and respectively growing commission income from deals turnover. A significant contribution to the turnover growth was made due to launching the algorithmic investment management service RoboX and the social copy-trading platform ZuluTrade. Also, an updated IB program was presented, that was very loyally accepted by partners.

- How do you assess the tightening of the legislation regarding the regulation of Forex services market in Europe? What did you do this year to meet the new regulatory requirements?

Answer:

Forasmuch as we have been working for a very long time under the Russian jurisdiction within a banking license and banking supervision, we do not consider these initiatives to be very strict. However, as practice shows, often it becomes necessary to a client to pay for some new regulatory initiatives. Beginning with the growth of spreads (commissions) - the main expense of any trader, expenses of deposit and profit withdrawal, ending up with a decrease in the flexibility of trading instruments, for example, the reduction of the maximum leverage, which is often popular with aggressive speculators.

There is also a tendency of self-regulated organizations authority growth, both national and international. Often self-regulated organizations are more effective, quick and even more professional in resolution of disputes. In addition, such organizations are interested themselves in ensuring that they do not have dishonest members.

NPBFX has the status of A category member in The Financial Commission - the most authoritative international self-regulated organization, which guarantees protection through payments from the Compensation Fund in the amount of up to $20,000 per client in case of disputable situations.

- What instruments/currency pairs were the most and the less popular among your clients? What do you see as the reason?

Answer:

The main trading instruments of Forex with the highest liquidity traditionally had high demand. Also the top 20 included currency pairs and CFDs, which has daily published trading recommendations on the analytical portal, available to NPBFX clients in their personal office.

- What are your goals for 2018?

Answer:

In 2018 we plan to continue working actively to provide clients of NPBFX qualitative and profitable brokerage services on STP accounts and investing platforms. Among the nearest goals is launching crypto instruments trading and CFD instruments number expansion.

- Do you plan any promo actions at the end of 2017 and early 2018?

Answer:

Certainly! Everyone is waiting for pleasant surprises in the New Year’s time, traders are not exception. So we will meet expectations of our clients.

- What recommendations will you give to your clients for 2018?

Answer:

First of all, we want to thank our clients for their work in NPBFX in 2017 and congratulate them on the upcoming holidays! In 2018 we recommend clients to sell and buy trading assets at the best prices on STP accounts of the company, invest in professional growth, try new products. The upcoming year will be interesting and full of events!

 

[Antony_NPBFX]

XAG/USD: technical analysis 14.12.2017

Good afternoon, dear forum visitors!

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

XAG/USD, D1

On the daily chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is growing, having left the oversold zone. The Composite is growing as well. Both indicators have formed a Bullish divergence with the price.

XAG/USD, H4

On the 4-hour chart, the instrument is trading on the upper line of the Bollinger Bands. The price remains on the level with the EMA65 and below the EMA130, SMA200 that are directed down. The RSI is testing its strong resistance just below the border of the overbought zone. The Composite has reached its critical overbought levels as well.

Key levels

Support levels: 15.60 (December 2016 lows), 15.32 (March 2015 lows), 15.20 (July lows).

Resistance levels: 16.10 (August lows), 16.30 (October lows), 16.42 (local highs).

Trading tips

The price has retested its strong support near 15.60. The growth is likely to continue.

Long positions can be opened from the level of 16.10 with targets at 16.30, 16.42 and stop-loss at 15.95.

Short positions can be opened from the level of 15.60 with targets at 15.32, 15.20 and stop-loss at 15.76.

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 XAG/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The US dollar collapsed after the Fed meeting: make profit on it with NPBFX

Good afternoon, dear forum visitors!

The US dollar fell sharply to the major currency basket after the recent Fed meeting, the last one of this year. The currency tried to recover yesterday, showing mixed dynamics, and today the US dollar index fell by 0.14% to 93.50 again, moving away from the Friday's top of the two weeks 94.08. The results of the meeting didn’t become a surprise for the market: the US interest rate was increased by a quarter of a percentage point up to the level of 1.25-1.50%. And plans to raise it further for 3 times the next year also remained the same. The regulator maintains positive expectations concerning the economy, raising its prognosis for the GDP growth from 2.1% to 2.5% in 2018. At the same time according to the Central Bank, the next year’s inflation will be below the target value of 1.9%, that gives a chance for a higher rate of interest rate increase.

Why is it important for traders to keep an eye on the interest rate and how does it affect currency?

An interest rate increase in the US leads to dollar strengthening, and this instrument can be used for early forecasting the situation and making a correct trading decision. Also, the interest rate affects the amount of swaps for position transferring.

Many traders practice trading on waiting of changing in the interest rate and make significant profit on it. Now the hope of tax reform realization may become a good support for the dollar. And the Federal Reserve System made it clear that it has nothing against it.

It is very convenient to monitor changes in the US interest rate on the NPBFX analytical portal. Traders can see online the current interest rate (1.5%), as well as the probability of its change in percentages (4.6%) on the graph by months.

The probability chart reflects market expectations about the possible tightening of the FOMC US monetary policy and is calculated on a base of the price of 30-Day Federal Funds Futures on the Chicago Mercantile Exchange. The probability of above 50% indicates that more market participants assume the Fed will increase the interest rate by 0.25% at the upcoming meeting. Probabilities below 50% indicate that market participants do not expect the rate to be increased at the nearest meeting. Now the market probability of raising rates more than 50% falls on the March meeting the next year.

Use instruments of the portal and the current situation on the US dollar to assess favorable trading terms for pairs with USD and others in NPBFX.

Advantages of trading in NPBFX

1. The output of all clients’ deals to the interbank market through the major liquidity providers.
2. STP technology - reliable and instant execution of deals with a speed of up to 100-300 ms.
3. 0% commission, narrow spreads – the average spread of one of the most popular pairs EURUSD on the Master account is from 1.2 points, Expert - 1.0 and VIP - 0.8 points.
4. Possibility to use leverage up to 1: 500.
5. Professional consultations and support on the analytical portal.

Free and unlimited access to all the useful instruments of the NPBFX portal is available to all registered users.

 

[Antony_NPBFX]

USD/JPY: wave analysis 18.12.2017

Good afternoon, dear forum visitors!

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

Current trend

The trend is upward.

On the 4-hour chart the wave C of the higher level, within which the formation of the wave 3 of C has begun, is developing. At the moment the first wave of the lower level i of 3 has formed, and the downward correction ii of 3 has ended. If the assumption is correct, the pair will grow to the levels of 114.50–114.95. The level of 112.00 is critical for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 112.00 with the targets at 114.50–114.95.

Alternative scenario

The breakdown and the consolidation of the price below the level of 112.00 will let the pair go down to the level of 110.84.

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 USD/JPY and trade efficiently with NPBFX.