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Antony_NPBFX

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  1. Antony_NPBFX

    USD/JPY: USD is strengthening 13.12.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend USD is growing during today’s Asian session, continuing the development of the “bullish” impulse formed yesterday. USD is adding about 0.28%, receiving support from the growing optimism regarding the prospects for a trade agreement between the US and China. Also, investors are reacting to the publication of the preliminary results of the British Parliamentary elections, where Boris Johnson’s party wins, which will allow to ratify the agreement with the EU in the near future. JPY is under pressure from uncertain Japanese macroeconomic statistics. Industrial Production in Japan in October fell by 7.7% YoY after falling by 7.4% YoY in September. In monthly terms, production decreased by 4.5% MoM after a decrease of 4.2% a month earlier. Tankan Large Manufacturers Index in Q4 2019 fell from 5 to 0 points, with the forecast of 2 points. Support and resistance Bollinger Bands in D1 chart show insignificant growth. The price range is expanding from above, struggling to keep up with a surge of “bullish” sentiment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic keeps a confident upward direction but is rapidly approaching its highs, which indicates the risks of overbought instrument in the ultra-short term. Technical indicators do not contradict the further growth of the instrument in the short and/or ultra-short term. Resistance levels: 109.61, 109.71, 110.00. Support levels: 109.47, 109.28, 109.06, 108.91. Trading tips To open long positions, one can rely on the breakout of 109.61 or 109.71. Take profit – 110.00. Stop loss – 109.47 or 109.40. Implementation time: 1-2 days. The rebound from 109.61 as from resistance, with the subsequent breakdown of 109.47, can become a signal to new sales with target at 109.06 or 108.91. Stop loss – 109.71. Implementation time: 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/JPY and trade efficiently with NPBFX.
  2. Antony_NPBFX

    EUR/USD: EUR is corrected 11.12.2019 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 EUR is relatively stable against USD during today’s Asian session. The instrument is trading near the level of 1.1096, a local high of December 6 updated the day before. Moderate growth of the instrument on Tuesday was facilitated by rather optimistic European macroeconomic statistics. ZEW Economic Sentiment in December increased from –1 to 11.2 points, which turned out to be much better than expectations (–17.7 points). Investors were pleased with the German data from ZEW. German ZEW Current Conditions in December rose from –24.7 to –19.9 points, which turned out to be better than the forecasts at –22.3 points. German ZEW Economic Sentiment for the same period rose from –2.1 to 10.7 points, while the growth forecast was only to zero. Today, investors expect the publication of statistics from the US on consumer inflation. The key event on Wednesday will be the Fed meeting on interest rates followed by a press conference. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range expands from above, freeing a path to new local highs for the “bulls”. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic is reversing upwards after quite an active decline at the end of last week. Technical indicators do not contradict the further development of the uptrend in the short and/or ultra-short term. Resistance levels: 1.1096, 1.1115, 1.1139. Support levels: 1.1080, 1.1062, 1.1038, 1.1024. Trading tips To open long positions, one can rely on the breakout of 1.1096. Take profit – 1.1139 or 1.1150. Stop loss – 1.1062. The rebound from 1.1096 as from resistance, with the subsequent breakdown of 1.1080 can become a signal to new sales with target at 1.1038 or 1.1024. Stop loss – 1.1105 or 1.1115. Implementation time: 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 EUR/USD and trade efficiently with NPBFX.
  3. Antony_NPBFX

    AUD/USD: the instrument is consolidating 09.12.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend AUD is trading near the opening level (0.6829) against USD during today's Asian session. Investors are in no hurry to open new trading positions, preferring to wait for new drivers to appear at the market. Monday's macroeconomic background is rather scarce, but on Tuesday there will be a lot of interesting statistics from Australia and China. On Wednesday, the United States will be in the spotlight with the publication of November statistics on Consumer Inflation and the Fed meeting. In the meantime, investors are taking a lead from the publication of a strong US labor market report for November last Friday. Nonfarm Payrolls in November increased by 266K after the growth by 156K in the previous month. Analysts had expected an increase of 180K. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range expands slightly, freeing a path to new local highs for the “bulls”. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic reversed downwards, pointing to the risks of a corrective decline in the ultra-short term. It is worth looking into the possibility of corrective decline in the short and/or ultra-short term. Resistance levels: 0.6833, 0.6846, 0.6864, 0.6881. Support levels: 0.6819, 0.6800, 0.6782, 0.6768. Trading tips To open long positions, one can rely on the rebound from the support level of 0.6819, with the subsequent breakout of 0.6833. Take profit – 0.6864 or 0.6881. Stop loss – 0.6810 or 0.6800. A breakdown of 0.6819 may be a signal for new sales with target at 0.6782 or 0.6768. Stop loss – 0.6846. Implementation time: 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 AUD/USD and trade efficiently with NPBFX.
  4. Antony_NPBFX

    XAU/USD: gold prices have stabilized 06.12.2019 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 are stable during today’s Asian session, trading near 1475.00. Gold quotes have changed little recently since investors expect the situation to develop in a trade conflict between the United States and China. Earlier this week, information appeared that the conclusion of the agreement may have to be postponed to November 2020, when the next presidential election will be held in the United States. Donald Trump later reiterated that “negotiations are going well,” and moderate optimism gradually began to return to the markets. However, there is little time left until December 15, and new import duties, if they are introduced by the USA, will almost certainly put an end to the current progress in the negotiations and everything will have to be started from scratch. Support and resistance In the D1 chart, Bollinger Bands are reversing horizontally. The price range remains virtually unchanged, limiting the development of the “bullish” sentiment in the ultra-short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic, having reached the level of “80”, demonstrates weak correctional dynamics, indicating the possibility of developing a full-fledged downtrend in the nearest time intervals. It is necessary to wait for the additional signals from technical indicators to open short positions. Resistance levels: 1481.44, 1486.81, 1493.88, 1500.00. Support levels: 1471.15, 1464.48, 1455.93, 1449.81. Trading tips To open long positions, one can rely on the breakout of 1481.44. Take profit – 1500.00. Stop loss – 1471.15. A breakdown of 1471.15 may be a signal for new sales with target at 1455.93 or 1449.81. Stop loss – 1481.44. Implementation time: 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/USD 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.
  5. Antony_NPBFX

    USD/CAD: the pair is adjusted 04.12.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading. Current trend Today, during the Asian session, the USD/CAD pair is falling, losing about 0.05%. The instrument is developing a “bearish” impulse, formed yesterday under the influence of poor macroeconomic statistics, as well as general correctional sentiments regarding the US currency. Investors are concerned about Washington’s new import duties against Brazil and Argentina, as well as the possible delay in signing a trade agreement with China to November 2020, when the US presidential election will be held. During the day, traders expect the publication of business activity indexes in the US services sector for November. Following the poor Manufacturing PMI data released on Monday, forecasts for the growth of the US dollar on Service PMI data are very restrained. Also, the market is focused on the monetary policy decision of the Bank of Canada with accompanying comments. It is expected that the interest rate will be maintained at the current level of 1.75%. Support and resistance On the daily chart, Bollinger bands grow moderately. The price range narrows, reflecting the appearance of ambiguous dynamics in the short term. MACD falls, having formed a poor sell signal (the histogram is below the signal line). Stochastic, by contrast, moderately grows and practically does not respond to the appearance of correctional dynamics. To open new trading positions, it is better to wait until the situation is clear. Resistance levels: 1.3300, 1.3326, 1.3347. Support levels: 1.3269, 1.3228, 1.3189, 1.3159. Trading tips Long positions may be opened after a rebound from 1.3269 and a breakout of 1.3300 with the targets at 1.3347–1.3360. Stop loss – 1.3269. Short positions may be opened after the breakdown of 1.3269 with the targets at 1.3228–1.3200. Stop loss – 1.3300. 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.
  6. Antony_NPBFX

    Brent Crude Oil: prices decrease 02.12.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading. Current trend Today, during the Asian session, oil prices are stable, consolidating after declining by almost 4% during the trading session last Friday. The markets reacted violently to the news of the resignation of Iraqi Prime Minister Adil Abdul-Mahdi after several weeks of protests, which significantly influenced forecasts of oil supplies to the world market. However, the resignation of the prime minister does not mean the end of all protests, so the volatility of the "black gold" is likely to remain high. Investors are also focusing on the upcoming OPEC+ meeting at the end of the week. The cartel is expected to announce the extension of the current agreement to reduce oil production by 1.2 million barrels per day. Negativity to the upcoming meeting adds Russia, whose oil companies are in favor of maintaining current quotas for oil production. Support and resistance On the daily chart, Bollinger bands move flat. The price range remains virtually unchanged but is spacious enough for the current level of activity in the market. The MACD indicator goes down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic is declining steadily, quickly approaching its lows, which signals that the instrument is oversold in the ultra-short term. It is better to keep the current short positions in the short and/or ultra-short term until the market situation is clarified. Resistance levels: 62.33, 62.95, 63.50, 64.00. Support levels: 62.00, 61.29, 60.84, 60.00. Trading tips Long positions may be opened after the breakout of 62.33 with the target at 63.50. Stop loss – 61.50. Implementation period: 2–3 days. Short positions may be opened after a rebound from 62.33 and a breakdown of 62.00 with the target at 60.84. Stop loss – 62.50–62.60. Implementation period: 1–2 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 Brent Crude Oil 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 Brent Crude Oil and trade efficiently with NPBFX.
  7. Antony_NPBFX

    NZD/USD: the pair is trading in the flat 29.11.2019 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 NZD is trading upwards during today’s Asian session, adding about 0.1%. The growth of the instrument is facilitated by technical factors that are exacerbated by closed due to Thanksgiving markets in the US. At the same time, the news from the USA turns out to be alarming. Donald Trump signed two new laws aimed at supporting civil protest in Hong Kong. The first law limits the supply of weapons to disperse the protesters, and the second one gives the US the right to evaluate and confirm China’s observance of Hong Kong’s special status. Investors fear that these steps may complicate the already tense situation with the negotiations. In addition, Washington may introduce new import duties against China in December if the deal is not signed. Slight support for the instrument on Friday is provided by the data on Consumer Confidence from New Zealand. According to data from Roy Morgan, in November Consumer Confidence index rose from 118 to 121 points. Support and resistance Bollinger Bands in D1 chart grow steadily. The price range is narrowing, reflecting ambiguous trading dynamics in the short term. MACD is slightly declining keeping a weak sell signal (located below the signal line). Stochastic reversed into the horizontal plane after a short growth, indicating an approximate balance of power in the ultra-short term. To open new positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 0.6436, 0.6464, 0.6500. Support levels: 0.6417, 0.6393, 0.6374, 0.6357. Trading tips To open long positions, one can rely on the breakout of 0.6436. Take profit – 0.6500. Stop loss – 0.6400. A breakdown of 0.6393 may be a signal for new sales with target at 0.6340 or 0.6320. Stop loss – 0.6425. Implementation time: 2-3 days. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on NZD/USD 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 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 NZD/USD and trade efficiently with NPBFX.
  8. Antony_NPBFX

    USD/JPY: USD is strengthening 27.11.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend USD is strengthening against JPY during today’s Asian session, adding about 0.08%. USD is supported by optimistic news regarding the process of trade negotiations between the US and China, which contribute to increased demand for risky assets. The day before, the Ministry of Commerce of China reiterated that telephone calls between the parties “have made progress in resolving a number of issues”. However, as before, no specific information was received, and the market can only guess when exactly Washington and Beijing plan to sign a preliminary trade agreement. With the opening of the American session, investors expect the publication of macroeconomic statistics from the United States. Among other things, the market expects the release of data on the dynamics of Personal Consumption, Pending Home Sales, annual data on GDP for Q3 2019 and statistics on Personal Expense and Income for October. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is slightly narrowing, failing to keep up with the development of the “bullish” trend in the short term. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic retains an uptrend but is located in close proximity to its highs, which indicates the instrument’s overbought in the ultra-short term. One should keep existing long positions in the short and/or ultra-short term. Resistance levels: 109.28, 109.47, 109.73, 110.00. Support levels: 109.06, 108.85, 108.71, 108.46. Trading tips To open long positions, one can rely on the breakout of 109.28. Take profit – 109.73 or 110.00. Stop loss – 109.06 or 108.85. A rebound from 109.28 as from resistance, followed by a breakdown of 109.06 or 109.00 may become a signal to new sales with the target at 108.46. Stop loss – 109.30 or 109.40. Implementation time: 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.
  9. Antony_NPBFX

    EUR/USD: EUR is consolidating 25.11.2019 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 EUR shows flat dynamics during today’s Asian session, slightly correcting after a sharp decline at the end of last week. The reason for the reduction was weak macroeconomic statistics from Europe. Markit Composite PMI in the euro area fell from 50.6 to 50.3 points in November, while investors expected the indicator to rise to 50.9 points. At the same time, Services PMI decreased from 52.2 to 51.5 points, while Manufacturing PMI rose from 45.9 to 46.6 points, which was better than market expectations of 46.4 points. In addition, the market responded to Christine Lagarde’s first appearance as the new ECB President. Lagarde avoided any details in her speech, but noted the need for a “revision of European monetary policy”. In addition to applying traditional measures, the head of the European regulator plans to bet on stimulating business investment and increasing productivity. Support and resistance Bollinger Bands in D1 chart demonstrate a downtrend. The price range is slightly changing, being spacious enough for the current activity level in the market. MACD reversed downwards again having formed new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is rapidly approaching its lows, which indicates the risks of oversold euro in the ultra-short term. Technical indicators do not contradict the further development of the downtrend in the short and/or ultra-short term. Resistance levels: 1.1042, 1.1061, 1.1095, 1.1117. Support levels: 1.1000, 1.0982, 1.0947. Trading tips To open long positions, one can rely on the rebound from 1.1000 as from support with the subsequent breakout of 1.1042. Take profit – 1.1095 or 1.1117, 1.1138. Stop loss – 1.1000. Implementation time: 2-3 days. The breakdown of 1.1000 may serve as a signal to new sales with the target at 1.0947. Stop loss – 1.1030. Implementation time: 1-2 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 EUR/USD and trade efficiently with NPBFX.
  10. Antony_NPBFX

    NZD/USD: instrument consolidates 22.11.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on NZD/USD for a better understanding of the current market situation and more efficient trading. Current trend The NZD/USD pair moves flat during the Asian session and is located near the opening level of 0.6401. Investors receive conflicting information about the process of trade negotiations between the United States and China, which puts significant pressure on the instrument. In turn, poor macroeconomic statistics from the USA do not allow the instrument to decline more confidently. During the day, traders expect the publication of a block of macroeconomic data from the USA on the dynamics of business activity indices in various sectors for November. Analysts suggest the release of sufficiently strong statistics, which may contribute to the return of the “bearish” dynamics. Support and resistance On the daily chart, Bollinger bands are moving in a flat. The price range has consolidated but remains quite spacious for the current level of activity in the market. The MACD indicator is reversing downwards, forming a new sell signal (the histogram is below the signal line). Stochastic is showing a slightly more confident downward trend, signaling the chances of a “bearish” correction in the ultra-short term. It is possible to open new short positions on the instrument in the short and/or ultra-short term. Resistance levels: 0.6417, 0.6436, 0.6464. Support levels: 0.6396, 0.6374, 0.6357, 0.6320. Trading tips Long positions may be opened after the breakout of the level of 0.6417 with the targets at 0.6450–0.6464. Stop loss – 0.6396. Short positions may be opened after the breakdown of the level of 0.6396 with the targets at 0.6357–0.6350. Stop loss – 0.6417. 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.
  11. Antony_NPBFX

    AUD/USD: the instrument recovers 20.11.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. Current trend AUD showed moderate growth against USD on Tuesday, updating local highs of November 14. During the day, the instrument mainly declined, remaining under pressure after the publication of controversial minutes of the RBA meeting. In addition, the uncertain situation around the trade negotiations between the US and China, which has been noticeably complicated lately, is also putting pressure on AUD. Today, the instrument has returned to decline. Investors are focusing on publications from Australia, as well as the decision of the People's Bank of China on the interest rate. Westpac Leading Index fell by 0.07% in October, after falling by 0.12% last month. The Chinese regulator, in turn, unexpectedly lowered its interest rate from 4.2% to 4.15%, apparently trying to support an economy that is showing a slowing trend. Support and resistance Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is prone to reverse upwards preserving a sell signal (located below the signal line). Stochastic is growing, indicating good prospects for the development of “bullish” trend in the ultra-short term. The development of a full-fledged uptrend is possible in the short and/or ultra-short term. Resistance levels: 0.6821, 0.6833, 0.6846, 0.6864. Support levels: 0.6800, 0.6779, 0.6759. Trading tips To open long positions, one can rely on the breakout of 0.6821 or 0.6833. Take profit – 0.6864 or 0.6881. Stop loss – 0.6810 or 0.6800. The return of “bearish” trend with the breakdown of 0.6800 may become a signal for further sales with the target at 0.6759 or 0.6740. Stop loss – 0.6820 or 0.6830. Implementation time: 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 AUD/USD and trade efficiently with NPBFX.
  12. Antony_NPBFX

    USD/JPY: USD is growing 18.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading. Current trend USD showed corrective growth against JPY on Friday, retreating from local lows of November 4. Positive dynamics was facilitated by strong macroeconomic statistics from Japan and weak data from the USA. Japan’s Industrial Production in September increased by 1.3% YoY after rising by 1.1% YoY in the previous month. In monthly terms, production grew by 1.7% MoM after a decrease of 1.2% MoM in the previous month and with a forecast of +1.4% MoM. Capacity Utilization in September increased by 1% after a decrease of 2.9% in August. Analysts expected a negative trend to remain at the level of –0.6%. Similar statistics on Industrial Production from the United States turned out to be weaker than forecasts, and USD was supported only by data on Retail Sales. In October, Retail Sales grew by 0.3% MoM after a decline of 0.3% MoM in the previous month. Analysts had expected increase by 0.2% MoM. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is almost constant, remaining rather spacious for the current activity level. MACD is trying to reverse upwards keeping a previous sell signal (located below the signal line). Stochastic, having approached its lows, signaled about the upward reversal, indicating risks of oversold USD in the ultra-short term. Full-fledge correctional growth is possible in the short and/or ultra-short term. Resistance levels: 108.98, 109.28, 109.47. Support levels: 108.71, 108.54, 108.22, 108.00. Trading tips To open long positions, one can rely on the breakout of 108.85. Take profit – 109.28 or 109.47. Stop loss – 108.50 or 108.46. Rebound from 108.85 as from resistance with the subsequent breakdown of 108.71 or 108.60 can become a signal for new sales with target at 108.24 or 108.00. Stop loss – 109.00 or 109.10. Implementation time: 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/JPY and trade efficiently with NPBFX.
  13. Antony_NPBFX

    GBP/USD: general review 15.09.2019 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 GBP rose against USD on Thursday, rising to local highs, updated earlier this week. The growth of the instrument was largely determined by technical factors, while the macroeconomic background from the UK remained negative. UK Retail Sales in October showed a decrease of 0.1% MoM, despite an expected increase of 0.2% MoM. In annual terms, the indicator strengthened by 3.1% YoY, which coincided with the data for the previous month. Analysts expected an increase of 3.7% YoY. Core Retail Sales for the same period decreased by 0.3% MoM after rising 0.2% MoM in September. In annual terms, the index slowed down from 2.9% YoY to 2.7% YoY against a forecast of 3.4% YoY. Support and resistance Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range remains consolidated, but fully corresponds to the real dynamics observed in the market. MACD indicator tries to reverse to growth and to form a new buy signal (the histogram should consolidate above the signal line). Stochastic keeps its upward direction but is approaching its highs, which reflects risks of the overbought pound in the ultra-short term. Current readings of technical indicators do not contradict the further growth of the instrument in the ultra-short and/or short term; however, to open new long positions, it is necessary to wait for the trading signals from the indicators to be clarified. Resistance levels: 1.2896, 1.2950, 1.3011, 1.3060. Support levels: 1.2762, 1.2705, 1.2659, 1.2600. Trading tips To open long positions, one can rely on the breakout of 1.2896. Take profit – 1.3011 or 1.3060. Stop loss – 1.2830. The rebound from 1.2896 as from resistance with the subsequent breakdown of 1.2830 can become a signal to new sales with target at 1.2705 or 1.2659. Stop loss – 1.2896. Implementation time: 2-3 days. Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast You can learn more about the current situation on GBP/USD 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 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 GBP/USD and trade efficiently with NPBFX.
  14. Antony_NPBFX

    USD/CAD: the pair is strengthening 13.09.2019 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on USD/CAD for a better understanding of the current market situation and more efficient trading. Current trend Yesterday, the USD/CAD pair rose moderately, renewing local highs since October 11th. However, the instrument failed to consolidate at the new levels, and by the end of the daily session, it lost all his advantage by reacting to the neutral speech of US President Donald Trump at the Economic Club in New York. Investors expected further development of trade relations between the United States and China, which hovered before signing the preliminary agreement but Trump said nothing new. The President noted that China was still striving to conclude a trade agreement, however, the deal would be signed only on those conditions that will provide profit to the US economy otherwise Washington was ready to introduce new import duties. Support and resistance On the daily chart, Bollinger bands are growing steadily. The price range is narrowing slightly, reflecting the ambiguous nature of trading in the last few days. Nevertheless, the current indicators’ readings reflect the continuing “bullish” potential of the US dollar. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, approaching its highs, reversed into a horizontal plane, signaling the risks of corrective dynamics in the ultra-short term. It is better to keep the current long positions until the market situation is clarified. Resistance levels: 1.3256, 1.3289, 1.3309, 1.3347. Support levels: 1.3224, 1.3196, 1.3159, 1.3132. Trading tips Long positions may be opened after the breakout of the level of 1.3256 with the target at 1.3309 or 1.3347. Stop loss – 1.3210–1.3200. Short positions may be opened after a rebound from the level of 1.3256 and a breakdown of the levels of 1.3224–1.3210 with the target at 1.3159 or 1.3132. Stop loss – 1.3256. Implementation period: 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/CAD and trade efficiently with NPBFX.
  15. Antony_NPBFX

    WTI Crude Oil: general review 11.09.2019 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 Oil prices showed ambiguous dynamics on Friday, reacting to the publication of conflicting information on the process of trade negotiations between the US and China. The quotes were pressured by the comments of Donald Trump, who stated that he had not agreed to abolish previously imposed import duties on Chinese goods just yet. Last week the media reported that the US and China are preparing for the mutual abolition of increased import tariffs as part of the signing of the first phase of the trade agreement. Moderate support for the instrument on Friday was provided by Baker Hughes US Oil Rig Count report. For the reporting week, the number of oil rigs decreased from 691 to 684 units. Support and resistance In the D1 chart Bollinger Bands keep weak uptrend but demonstrate a tendency to reverse into a horizontal plane. The price range is slightly narrowing, being spacious enough for the current activity level in the market. MACD is gradually reversing downwards keeping a previous buy signal (located above the signal line). Stochastic reversed downwards, approaching the level of 80, indicating the risks of a corrective decline in the short and/or ultra-short term. To open new trading positions on the market, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 57.79, 58.42, 59.00. Support levels: 56.82, 55.70, 54.93, 54.00. Trading tips To open long positions, one can rely on the breakout of 57.79. Take profit – 59.00 or 59.50. Stop loss – 57.00. A breakdown of 55.70 may be a signal for new sales with target at 54.00 or 53.62. Stop loss – 56.82. Implementation time: 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 WTI Crude Oil 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 Crude Oil and trade efficiently with NPBFX.
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