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Antony_NPBFX

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About Antony_NPBFX

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  1. USD/CHF: wave analysis 16.07.2018 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 pair can grow. On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the fifth wave v of 1 is developing, within which the wave (iii) of v of the lower level is developing as a momentum. If the assumption is correct, the pair will grow to the levels of 1.0100–1.0190. The level of 0.9945 is critical and stop-loss for this scenario. Main scenario Long positions will become relevant during the correction, above the level of 0.9945 with the targets at 1.0100–1.0190. Implementation period: 5–7 days. Alternative scenario The breakdown and the consolidation of the price below the level of 0.9945 will let the pair go down to the levels of 0.9819–0.9745. Use more opportunities of the NPBFX analytical portal: trading signals Make right trade decisions on sell or buy USD/CHF and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal. 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.
  2. AUD/USD: general analysis 13.07.2018 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend Yesterday, the AUD/USD pair strengthened due to the news that China and the US could negotiate to resolve controversial trade issues. The intention of Washington and Beijing to find a compromise is a good sign for Australian exporters since China is Australia's main trading partner. However, the fall in commodity prices has a negative impact on AUD. In addition, the recent US CPI correspond to the "hawkish" mood of the Fed and restrain the growth of the pair. Today at 17:00 (GMT+2) Fed Monetary Policy Report will be published. Given the positive inflationary dynamics and positive data on a number of key macroeconomic indicators, investors expect the pair to fall on the last trading day of the current week. Support and resistance On the 4-hour chart, the pair tries to consolidate above the middle line of Bollinger bands. The indicator is turned sideways, the price range is unchanged, which reflects the development of the upward trend correction. MACD histogram is in the negative area, holding a weak sell signal. Stochastic has entered the overbought area, a strong sell signal can be formed in the next few hours. Resistance levels: 0.7421, 0.7441, 0.7468, 0.7507, 0.7535. Support levels: 0.7305, 0.7325, 0.7351, 0.7392. Trading tips Long positions can be opened above the level of 0.7425 with the targets at 0.7485, 0.7510 and stop loss 0.7390. Short positions can be opened below the level of 0.7385 with the target at 0.7345 and stop loss 0.7405. Implementation period: 1–2 days. Use more opportunities of the NPBFX analytical portal: trading signals Make right trade decisions on sell or buy AUD/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
  3. USD/CAD: the pair is traded with a rise 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 USD rose slightly against CAD on Tuesday, receiving moderate support from macroeconomic statistics from the US and the weakness of its European competitors. Today, the pair shows more active growth, despite the fact that investors are preparing for an important publication of the Bank of Canada meeting minutes at 16:00 (GMT+2). The Canadian regulator can raise the interest rate to 1.50%. At the same time, investors expect positive news concerning the labor market, the dynamics of production and economic development in general in the accompanying statement. On Wednesday, the Fed representatives will report, as well as the index of industrial inflation in June in the US will be published. Support and resistance Bollinger Bands in D1 chart demonstrate decrease. The price range is narrowing from above, reflecting a change of trend in the short term. MACD is reversing upwards preserving a sell signal (located below the signal line). Stochastic has already reversed in the direction of growth, having reacted to the "bullish" start of the current trading week. At the moment, the indicators do not contradict the further development of the "bullish" trend in the short/ultra-short term. Resistance levels: 1.3160, 1.3200, 1.3250, 1.3300. Support levels: 1.3100, 1.3064, 1.3000, 1.2961. Trading tips To open long positions one can rely on the breakout of the level of 1.3160, in case of maintaining "bullish" signals from technical indicators. Take-profit — 1.3250 or 1.3300. Stop-loss — 1.3120 or 1.3110. The return of the "bearish" trend to the market with a breakdown of the level of 1.3100 may be an alternative. In this case, the target of the "bears" may be located at the psychological level of 1.3000. Stop-loss — 1.3150 or 1.3160. 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 USD/CAD and trade efficiently with NPBFX.
  4. USD/CHF: the dollar is declining 09.07.2018 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 On Friday, USD fell against CHF, interrupting the flat dynamics of the middle of last week. USD weakened due to the official start of the US-China trade war. On Friday, the US 25% tariffs on Chinese goods came into effect, totaling USD 34 billion. The US intends to introduce duties on another 284 items of Chinese goods worth a total of USD 16 billion in two weeks. The PRC authorities reported on the introduction of tit-for-tat measures and accused the US of violating the WTO rules. According to experts, the impact of tariffs on the Chinese economy will be noticeable in 3-6 months and may lead to a 0.2% decrease in its growth. The US administration warned that in the event of the conflict escalation, it could continue to expand duties and impose them on Chinese goods totaling more than USD 500 billion. Support and resistance On the daily chart, Bollinger bands fall. The price range narrows. MACD decreases, keeping a weak sell signal (the histogram is below the signal line), and tries to consolidate below the zero line. Stochastic is directed downwards but is quickly approaching its lows, indicating the oversold dollar in the near future. Current indicators’ readings do not contradict the further development of the «bearish» trend in the short and/or ultra-short term. Resistance levels: 0.9888, 0.9910, 0.9940, 0.9963. Support levels: 0.9853, 0.9820, 0.9800, 0.9786. Trading tips Long positions can be opened after a rebound from 0.9853 and breakout of 0.9888 with the targets at 0.9940–0.9963 and stop loss 0.9860–0.9850. Implementation period: 2–3 days. Short positions can be opened after the breakdown of 0.9853 with the targets at 0.9820–0.9800 and stop loss 0.9870–0.9880. Implementation period: 1–2 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 USD/CHF and trade efficiently with NPBFX.
  5. EUR/USD: wave analysis 04.07.2018 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 The pair can fall. On the 4-hour chart, the downward momentum of the higher level is forming as a wave A of (2). Now the fifth wave of the lower level v of A is developing, within which the wave (iii) of v is forming. If the assumption is correct, the pair will fall to the levels of 1.1439–1.1320. The level of 1.1720 is critical and stop-loss for this scenario. Main scenario Short positions will become relevant during the correction, below the level of 1.1720 with the targets at 1.1439–1.1320. Implementation period: 5–7 days. Alternative scenario The breakout and the consolidation of the price above the level of 1.1720 will let the pair grow to the levels of 1.1850–1.1991. 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.
  6. AUD/USD: the instrument is trading mixed 02.07.2018 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend On Friday, AUD strengthened significantly against USD, partially balancing the decline at the beginning of last week. The growth of the instrument was due mainly to technical factors, while macroeconomic statistics from Australia was ignored. New Home Sales (MoM) fell to –4.4% in April from –4.2% a month earlier. Private Sector Credit (YoY) fell to 4.8% in May from 5.1% a month earlier, and in monthly terms the indicator fell to 0.2% in May from 0.4% a month earlier. Today, during the Asian session, the pair is trading downwards. Investors are not going to open new positions before RBA Interest Rate Decision will be published on Tuesday, July 3. June TD Securities Inflation and May Building Permits releases are expected today. Support and resistance On the daily chart, Bollinger bands are steadily declining. The price range is narrowing, reflecting the mixed nature of trading in the short term. MACD grows, keeping a weak buy signal (the histogram is above the signal line). Stochastic turned up after a confident decline at the beginning of last week. According to the indications of technical indicators, it is better to open long positions in the short and super short term. Resistance levels: 0.7409, 0.7442, 0.7474, 0.7500. Support levels: 0.7384, 0.7355, 0.7322. Trading tips Long positions can be opened after the breakout of the level of 0.7409 with the targets at 0.7474 or 0.7500–0.7520 and stop loss 0.7370. Short positions can be opened after the breakdown of the level of 0.7355 with the targets at 0.7322–0.7300 or 0.7270 and stop loss 0.7390. Implementation period: 2–3 days. 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 for AUD/USD 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, Gold. 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. In order to get unlimited access to the Weekly FOREX forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
  7. USD/JPY: wave analysis 27.06.2018 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 Correction was completed; the probability of growth is high. On the H4 chart the third wave of the higher level 3 of (C) is forming. At the moment, apparently, the first wave of lower level i of 3 has been completed, and the downwards correction ii of 3 has ended. If the assumption is true, it is logical to expect the pair to rise to the levels of 111.40 and 112.60. The level of 109.35 is critical for this scenario. Main scenario Long positions will become relevant after corrections, above the level of 109.35 with a target in the range of 111.40-112.60. Term of realization: 7 days or more. Alternative scenario Breakdown of the level of 109.35 will allow the pair to continue the decline to the level of 108.81. 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.
  8. AUD/USD: wave analysis 25.06.2018 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on the AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend The downward trend is still strong. On the H4 chart a downtrend is forming as the first higher-level wave 1 of (5). At the moment, apparently, the fifth wave of the lower level v of 1 is developing, within which the upward correction (iv) of v has ended. If the assumption is true, then the fall of the pair will continue to the level of 0.7300. The critical level and stop-loss level for this scenario are both will be at 0.7451. Main scenario Short positions will become relevant during the corrections, below the level of 0.7451 with the target of 0.7300. Term of realization: 5-7 days. Alternative scenario Breakout of the level of 0.7451 will allow the pair to continue its growth to the area of 0.7483-0.7516 and above. Use more opportunities of the NPBFX analytical portal: trading signals Make right trade decisions on sell or buy AUD/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
  9. USD/CHF: wave analysis 20.06.2018 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 pair can grow. On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the fifth wave v of 1 is developing, within which the wave (i) of v of the lower level is forming. If the assumption is correct, the pair will grow to the levels of 1.0057–1.0190. The level of 0.9914 is critical and stop-loss for this scenario. Main scenario Long positions will become relevant during the correction, above the level of 0.9914 with the targets at 1.0057–1.0190. Implementation period: 5–7 days. Alternative scenario The breakdown and the consolidation of the price below the level of 0.9914 will let the pair go down to the levels of 0.9782–0.9745. 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 USD/CHF and trade efficiently with NPBFX.
  10. XAG/USD: silver prices fell sharply 18.06.2018 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 Prices for silver fell last Friday, noting a new local minimum since June 5 and interrupting the series of growth, thanks to which the instrument had updated the highs since April 19. The decrease was due to the sharp growth of USD, despite the new aggravation of US-China trade relations. The announced 25-percent tariffs on Chinese imports of USD 50 billion do not promise an instrument a calm trading. Despite the strengthening of USD, many analysts are confident that a new round of economic war will cause significant damage to the US economy. Support and resistance On the D1 chart Bollinger Bands reversed horizontally. The price range is actively narrowing from below, reacting to the emergence of ambiguous dynamics recently. MACD is declining keeping a steady sell signal (being located below the signal line). Besides, the indicator is approaching the zero level, the breakdown of which can also mean the appearance of "bearish" signals. Stochastic is quickly declining, approaching its minimum levels, which indicates increasing risks associated with oversold silver in the ultra-short term. At the moment, one should keep the existing short positions in the short and/or ultra-short term until the situation is clear. Resistance levels: 16.51, 16.60, 16.71, 16.77. Support levels: 16.37, 16.27, 16.18, 16.09. Trading tips Long positions may be opened if the instrument rebounds from the level of 16.37 followed by the breakout of 16.51. Take-profit — 16.71, 16.77. Stop-loss — 16.35. The breakdown of 16.37 may serve as a signal to further sales with the target at 16.18, 16.00. Stop-loss — 16.51. Implementation period: 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 XAG/USD and trade efficiently with NPBFX.
  11. XAU/USD: gold prices are going down 13.06.2018 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 declined on Tuesday, interrupting a series of extremely uncertain growth from two consecutive sessions. Reduction of quotations is associated with a moderate growth of USD ahead of the Fed meeting, which is expected to raise the key rate for the second time in 2018. Nevertheless, the greatest interest of investors is caused not by the current growth of the interest rate, but by the Fed's plans for the future: analysts believe that the regulator can increase the rate four times this year. The signing of a joint statement by the leaders of the US and the DPRK on the complete denuclearization of the Korean peninsula only slightly affected the dynamics of gold. Support and resistance Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting the mixed nature of trading in recent days. MACD indicator is growing keeping a weak buy signal (histogram is above the signal line). Stochastic, reacting to the emergence of the "bearish" trend on Tuesday sharply turned into a downward plane. Technical indicators remain controversial, so it is better to wait for clarification of the situation. Resistance levels: 1301.40, 1307.45, 1312.48, 1317.17. Support levels: 1292.69, 1287.60, 1281.73. Trading tips To open long positions one can rely on the breakout of the level of 1301.40 if any new buy signals emerge. Take-profit – 1312.48. Stop-loss — 1296.00. Further development of "bearish" trend in the short term with the breakdown of the level of 1292.59 may become a signal for new sales with target at 1281.73. Stop-loss should be placed no further than 1300.00. 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 XAU/USD and trade efficiently with NPBFX.
  12. Exclusive offer for traders from NPBFX: Smart Forex Investment in RoboX and Social trading with ZuluTrade What comes first when you hear about ways to earn money on Forex? In most cases you’ll think about personal trading, right? But there is another no less profitable way, and even more preferable for someone. It’s investment. What’s the interest about it? First you do not need to trade on your own, learn all the fundamentals of Forex theory and practice deeply. Secondly you can successfully combine trading and investment, saving time and increasing your capital. Today we will pay attention to investment offers from NPBFX, which has been providing services for traders since 1996. It's about two unique investment platforms - RoboX and ZuluTrade, that you can join and start earning. Exclusive services for investing on Forex Both services offer traders profitable investing with no need to trade. The RoboX service is a unique service for automated trading from the Israel company Tradency. Tradency is well known to many traders and investors by its MirrorTrader product. Saying it simply, RoboX is an international service that manages the investor's money in automatic mode and allows to make profit without additional efforts. The main task of RoboX is to save up to 97% of time for investors and to simplify the decision making process. How it works? You only need to establish trading risks and the system automatically selects trading strategies and forms a balanced investment portfolio. Trades on selected instruments are also opened independently. Every second smart robot monitors changes in the market using more than a million of trading algorithms. Service benefits: • Easy to use. You do not need to have deep knowledge of Forex trading to get started. There are only three parameters to set before starting investment: 1) deposit level (from $ 100 to $ 25,000), 2) the purpose of trade (minimizing losses or maximizing profits) and 3) trading style (reliable, moderate, aggressive). Next, the system automatically selects several investment portfolios for you based on specified parameters with risk, profit/loss, drawdown in %. • Smart service. RoboX is developed by algorithmic trading professionals, so its powerful “brain” analyzes thousands of trading algorithms, situations and makes trading decisions. • Hands free. The service is fully automatic. You don’t need to think by yourself about market analysis, best time to close not profitable positions and increase the number of profitable ones. • Innovation + profit. This innovative product has no analogues in the world. Every day RoboX allows thousands of investors to exclude the human factor and make profit automatically. Using this profitable source of passive income from investment you will be able to get profit in first 2-3 months. The minimum deposit for investing in RoboX is only 100 USD. ZuluTrade platform is the leading social trading service since 2006. NPBFX provides an opportunity to start copying trades of successful traders based on smart efficiency algorithms. The platform unites traders and investors from England, Germany, France, Russia, Spain, Sweden and other countries. How it works? The most successful traders got into the rating of effectiveness evaluation (ZuluRank) under strict selection of ZuluTrade rules. In ZuluRank you can easily choose the appropriate option for copying trades on your account. Service benefits: • Innovative ZuluRank is a sophisticated automatic algorithm for ranking Signal Providers based on a variety of factors (earned profit, drawdown, average profit per trade, trading experience, etc.). • Account protection by ZuluGuard is a highly advanced account protection feature, that monitors the performance of traders 24/7. In case of a radical change in trading strategy ZuluGuard automatically takes measures to protect your account. • Copy + Trading - you fully manage your account and can change settings or start manual control at any time. • Automatic risk management – choose appropriate risk levels in % and the system will automatically set the volume for each Signal Provider. You can set up any parameters, such as trading volume, maximum amount of trades, your own stop limit and even reverse the trades of a particular trader! The minimum deposit to start working with ZuluTrade is only 10 USD. RoboX, ZuluTrade or PAMMs? When comparing these services with PAMM, then last one is obviously loosing. The main disadvantage of PAMM is that 30% - 50% of your profit is given to PAMM account manager. And in RoboX and ZuluTrade you do not have extra payments to Providers. Investing in PAMM you are not protected from the human factor of PAMM account manager. In RoboX human factor is completely excluded and in ZuluTrade you can combine your trading with copying trades of other traders (volume, number of providers, closing of trades etc.). Another advantage of RoboX and ZuluTrade in comparison with traditional PAMMs is that your funds do not move anywhere from your account. While choosing RoboX and ZuluTrade you can be sure that you’ve chosen trust and reliability. And investing with NPBFX you can be even more sure of the services transparency. PAMM accounts are becoming less popular and investors are choosing modern technology investment services like RoboX and ZuluTrade. If you also want to access modern and profitable investment, we recommend you to register in NPBFX and open RoboX or ZuluTrade account.
  13. WTI Crude Oil: oil prices are corrected 11.06.2018 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 As a result of last week, oil prices rose slightly having receded from local lows since April 10. The instrument is moderately supported by the trade relations between the US and China, as well as interruptions in supplies from Venezuela and Iran. In turn, a rapid decline in consumption of oil and oil products by China pressures the quotes. According to Chinese Customs Statistics, oil imports decreased by 400K barrels to 9.2 million barrels per day. The decline in demand is largely due to the planned maintenance of oil refineries. Additional pressure on prices is provided by the further growth of oil production in the United States. Last week, according to the Ministry of Energy, oil production rose to 10.8 million barrels per day, which is a new record high. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the multidirectional nature of trading last days. MACD indicator is trying to reverse upwards and to form a buy signal (the histogram has to consolidate above the signal line). In turn, Stochastic shows almost vertical growth, quickly approaching its maximum marks. The current showings of the indicators do not contradict the development of the "bullish" trend in the short and ultra-short term. One should keep existing long positions. Resistance levels: 65.64, 66.04, 67.00, 67.50. Support levels: 65.00, 64.50, 64.05. Trading tips To open long positions, one can rely on the breakout of 66.04 while maintaining the "bullish" signals from the technical indicators. Take-profit — 67.50 or 68.00. Stop-loss – 65.50. Implementation time: 2-3 days. A confident breakdown of the level of 65.00 may serve as a signal to the return of correctional sales with the target at 64.05. Stop-loss – 65.50. Implementation time: 2 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 WTI 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 WTI and trade efficiently with NPBFX.
  14. EUR/USD: the pair shows mixed trend 06.06.2018 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 Yesterday, EUR traded against USD in a downward direction. Nevertheless, by the end of the afternoon session, EUR managed to win back its losses and enter the green zone. The European currency is under pressure from weak data on Markit services PMI in Eurozone. In May, the indicator fell from 53.9 to 53.8 points. The indicator for Germany remained at the same level of 52.1 points. European investors are still focused on Italy. The government crisis is over – Eurosceptics managed to form a government headed by Giuseppe Conte. Now concrete steps are expected from it, which can significantly complicate relations with the European authorities. Recall that "5 stars" and "League" parties are against the EU budget rules and austerity. The coalition's plans include tax cuts, an increase in government spending, and a refusal to raise the retirement age. According to Bloomberg, the implementation of these plans could cost Italy an additional EUR 126 billion and will certainly lead to an increase in Italian public debt. Support and resistance On the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting a mixed nature of trading. MACD indicator is growing keeping a stable buy signal (located above the signal line). Stochastic also grows, but approaches its maximum marks, which indicates EUR being overbought in the ultra-short term. Resistance levels: 1.1743, 1.1800, 1.1860, 1.1900. Support levels: 1.1639, 1.1600, 1.1552, 1.1500. Trading tips To open long positions one can rely on the breakout of the level of 1.1743, if "bullish" signals prevail. Take-profit — 1.1860 or 1.1900. Stop-loss – 1.1690. The rebound from resistance level of 1.1743, with the subsequent breakdown of 1.1700 mark, can become a signal to begin correctional sales with targets at 1.1600, 1.1552. Stop-loss — 1.1760. Implementation period: 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.
  15. USD/CAD: the pair is trading flat 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 On Friday, USD grew against CAD, supported by positive US employment market releases. However, it could not consolidate, and by the end of the session, it returned to the morning levels. Published on Friday, the May data from the US labor market proved to be strong. The number of Nonfarm Payrolls has grown stronger than forecasts from 159K to 223K. The average wage has expectedly increased by 2.7%, and the unemployment rate has dropped to 3.8%. On the one hand, the good state of the labor market helps raise the Fed's interest rate. However, the complication of trade relations with the EU leads to an increase in the uncertainty of the American economy, which means that the regulator may delay the tightening of monetary policy. James Bullard, the head of the FRB of St. Louis, said this on Friday. Support and resistance On the daily chart, Bollinger bands are moderately growing. The price range does not change, remaining quite wide for the current activity level. MACD decreases, keeping a weak sell signal (the histogram is below the signal line). Stochastic, after a few days of decline, reversed upwards, reacting to the "bullish" end of the week. Technical indicators’ readings are controversial, so it is better to wait until the situation is clear. Resistance levels: 1.2947, 1.3000, 1.3045, 1.3100. Support levels: 1.2900, 1.2860, 1.2800, 1.2744. Trading tips Long positions can be opened after the breakout of the level of 1.3000 with the target at 1.3100 and stop loss 1.2947. Short positions can be opened after the breakdown of the level of 1.2900 down with the target at 1.2800 and stop loss 1.2947. Implementation period: 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 USD/CAD and trade efficiently with NPBFX.
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