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[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]

USD/JPY: dollar continues to grow on 01.12.2017

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

Dollar showed stable growth against yen during yesterday’s trading marking a new local maximum since November 21. Despite certain weakness of USD in the market, it is in demand due to positive macroeconomic background. Moreover, investors are not interested in taking risks pushing safe haven assets downwards. An additional disappointment for yen was yesterday’s statistics on industrial output, the growth of which in October was weaker than expected.

During today’s morning session the instrument is trading neutrally due to locking in profits and certain strengthening of yen after the release of macroeconomic statistics from Japan. CPI in Tokyo region in November grew by 0.3% YoY after a fall by 0.2% last month. October household spending showed zero dynamics which was still better than expected reduction by 0.4% YoY. At the same time, the level of unemployment in Japan remains very low. In October it made up 2.8% meeting market expectations and being the lowest value in the country since 1993.

Support and resistance

Bollinger Bands in the D1 chart show reduction. The price range is actively narrowing. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Stochastic shows growth but is already approaching maximum values.

Resistance levels: 112.70, 112.93, 113.22, 113.55.

Support levels: 112.45, 112.13, 111.86, 111.64.

Trading tips

Long positions may be opened after the breakout of the level of 112.70 with targets at 113.22, 113.55 and stop-loss at 112.20. The period of implementation is 2-3 days.

A breakdown of the level of 112.45 may be a signal for the beginning of corrective sales with targets at 111.64, 111.50 and stop-loss at 112.80. 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 USD/JYP 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.