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[Antony_NPBFX]

USD/JPY: wave analysis 07.12.2018

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.

The pair may fall.

On the 4-hour chart, a local downward correction of the higher level develops as the wave 2 of (C). Now the wave c of 2 is forming, within which the third wave of the lower level (iii) of c is developing. If the assumption is correct, the pair will fall to the level of 111.35. In this scenario, critical stop loss level is 113.83.

Main scenario

Short positions will become relevant during the correction, below the level of 113.83 with the target at 111.35. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 113.83 will let the pair grow to the level of 115.50.

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

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

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

 

[Antony_NPBFX]

USD/CHF: wave analysis 10.12.2018

Good afternoon, dear forum visitors!

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

The probability of downward movement remains.

On the H4 chart, the downward correction of the higher level is developing as a wave (2), which includes the formation of the wave C of (2). At the moment, it seems that the local correction as a wave ii of C was completed, and the third wave iii of C has begun. If the assumption is correct, the pair will continue to decline to the levels of 0.9724–0.9618. The critical level for this scenario is 1.0008.

Main scenario

Short positions will become relevant below the level of 1.0008 with a target in the range of 0.9724–0.9618. Implementation period: 7+ days.

Alternative scenario

Breakout and consolidation of the price above the level of 1.0008 will allow the pair to rise to the level of 1.0122.

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.

 

[Antony_NPBFX]

NZD/USD: New Zealand dollar strengthens 12.12.2018

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 showed uncertain growth against USD on Tuesday, having corrected after four "bearish" sessions in a row. Active "bullish" dynamics can be traced during the Asian session on December 12.
The traders are focused on US-China trade talks. Despite the condemnation by the Chinese side of the arrest of Huawei CFO Meng Wanzhou, there was no breakdown in the negotiations. Yesterday, Liu He, Vice-Premier of the State Council of the People's Republic of China, Stephen Mnuchin, the US Treasury, and Robert Lighthizer, the American sales representative, held telephone talks to discuss the supply of American agricultural products to China and the changes in support of Chinese industry "Made in China 2025". A schedule for further trade advice was also reviewed. Recall that on the eve of Lighthizer, citing President Donald Trump, said that the agreement with Beijing should be concluded before March 1, otherwise a new increase in US export duties is likely.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the ambiguous nature of trading of recent days. MACD is reversing upwards preserving a sell signal (located below the signal line). Stochastic has reversed upwards near its minimum levels, indicating a sufficient potential for the development of the corrective growth in the short and/or ultra-short term.

The development of "bullish" trend is possible in the near future.
Resistance levels: 0.6910, 0.6940, 0.6968, 0.7000.

Support levels: 0.6865, 0.6838, 0.6815, 0.6780.

Trading tips

To open long positions, one can rely on the breakout of 0.6910. Take profit — 0.6968 or 0.7000. Stop loss — 0.6880.

A breakdown of 0.6865 with the target at 0.6815 or 0.6800 could be an alternative. Stop loss — 0.6890.
Implementation period: 2-3 days.

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Make right trade decisions on sell or buy USD/CAD 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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: wave analysis 14.12.2018

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.

The probability of decline is still strong.

On the 4-hour chart, a downward correction of the higher level is being developed as wave 2. At the moment, it is likely that wave C of 2 is being developed, within which the fifth wave of the lower level v of C is being formed. The pair will probably reach the levels of 1.2475–1.2412. The critical level for this scenario is 1.2763.

Main scenario

Short positions will become relevant below the level of 1.2763 with a target in the range of 1.2475-1.2412. Implementation period: 5-7 days.

Alternative scenario

Breakout and consolidation of the price above the level of 1.2763 will let the pair grow to the level of 1.2933.

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]

USD/CAD: wave analysis 17.12.2018

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.

The pair is likely to grow.

On the H4 graph, the third wave of the senior level 3 is developing. At the moment, it is likely that the third wave of the junior level iii of 3 is being formed, within which waves (i) and (ii) have ended. If the assumption is correct, the pair will continue to grow to the level of 1.3700 within wave (iii) of iii. The critical level for this scenario is 1.3319.

Main scenario

Long positions will become relevant above the level of 1.3319 with the target of 1.3700. Implementation period: 7+ days.

Alternative scenario

Breakdown and consolidation of the price below the level of 1.3319 will allow the pair to decline to the levels of 1.3158–1.3079.

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/CHF: the instrument moves horizontally 19.12.2018

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, USD moved horizontally against CHF.

The possibility of a coming slowdown in the growth of the Fed’s interest rates affects USD negatively. However, on Tuesday, the US currency was supported by data from American construction market. In November, Building Permits number increased from 1.264 million to 1.328 million, which was much better than the negative forecast of 1.259 million. November Housing Starts indicator also rose from 1.217 to 1.256 million, while the experts forecasted growth only to 1.225 million

CHF is under pressure from the updated SECO Swiss economic outlook: GDP growth in 2018 and 2019 will decline due to weak domestic demand. It is expected that in 2019, GDP will grow by 1.5%, and in 2020 – by 1.7%.

Support and resistance

On the daily chart, Bollinger bands are moderately reducing. The price range narrows from above, reflecting the development of the flat trade dynamics. MACD indicator falls, keeping a weak sell signal (the histogram is below the signal line). Stochastic is falling more actively is rapidly approaching its lows, reflecting that the instrument can become oversold soon.

It is better to wait until the situation is clear.

Resistance levels: 0.9936, 0.9951, 0.9980, 1.0000.

Support levels: 0.9898, 0.9861, 0.9836.

Trading tips

Long positions can be opened after the breakout of the levels of 0.9936–0.9951 with the target at 1.0000. Stop loss is 0.9920–0.9900.

Short positions can be opened after the breakdown of the level of 0.9898 with the targets at 0.9836–0.9820. Stop loss is 0.9930.

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/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Interview with the winner of November Battle of Traders contest from NPBFX

The first Battle of Traders is successfully completed, opening the first page in the history of the contest. And for the winner of the contest, Vladimir from Krasnodar, a big way on Forex is just starting. Vladimir gave a short interview to NPBFX to share the secret of his trading system, his thoughts about other participants and emotions from his victory.

1. Vladimir, NPBFX congratulates you with a deserved victory and excellent trading results!

- Thanks!)

2. How did you know about the Battle of Traders in NPBFX? Why did you decide to participate?
- I’ve found the contest on the Internet by searching "contests for traders". Then I checked the contest terms on the NPBFX website and registered as a participant.

3. What emotions did you experience when you got information about your double victory: $1000 on a trading account and a special prize - the newest iPhone Xs?

- When I only started participating and saw the requirements to get an iPhone, I thought it was unreal! Increasing initial deposit minimum up to 50 times seemed to me an overstated requirement. But when I saw myself in the first place - it was something very special, emotions generally overwhelmed!
By the end of the last trading week I’ve managed to increase my account up to 50 times, so it was really hard for other participants to compete with me. I can compare my feelings at that moment with the day when my child was born!

4. That’s really great! Vladimir, what helped you to win? What are the main parts of your success?

- Patience and non-greed. I will explain. When trend goes your way and your profit grows, many traders want to get another 5-7 points, then more and more. But I stop and close the trade after reaching the goal, taking my profit and waiting patiently for the next moment to enter the market.
5. So I can see that you have no problems with trading psychology. You have shown an excellent trading result for the trading month: $253’222 with initial $5’000! Please, tell us a little about your trading system.

- I try to work from the levels of resistance and support in the crossing trading sessions: from Asia to Europe, from Europe to America.

6. Did you have any specific trading strategy referring to the results of other participants of the contest?

- Of course! This is the value of the competition. When you trade, you can evaluate yourself only by your trading result. And when you see othes’ trading, you start asking questions: “Why is he better than me? Why does someone do it and I don’t?”

I remember how I was surprised in the first days of the contest that other participants already had 23 trades, 30 trades, 46 trades! I had only 7 trades on my account then. It was very interesting what strategy did they use, how did they work, did they monitor or use scalping?

7. The Battle of traders is a monthly contest in NPBFX. Are you planning to participate further?

- Definitely, yes. Even if I had finished at 101 place, I would got upset, but would participate again, hoping to win. And I wonder if I could succeed again. Today I have two goals. The first is to start working on a real NPBFX trading account and the second is to participate in the December Battle of Traders.

8. Vladimir, it would be great for traders who also took part in the contest to know more about you as a person. Please, tell us briefly about yourself (in which city you live, your age, profession, family, how long you are in Forex)?

- I’m 57 years old, live in Krasnodar with my family. I have a higher military education, but now I’m retired and work as a warehouse manager. I’m happy to have not only children, but already grandchildren. As for the Forex market, I have been trying it for about 5 years. Serious trading is being only for about 1.5 years.

9. What recommendations would you give to traders who take part in the December Battle of Traders?

- In my opinion, any trader who wants to succeed in such a fast changing financial market as Forex should not panic and be patient. The second advice is to set a goal and go there, do not turn either left or right. Then you will succeed!

10. Thank you for the good advice for our traders. Do you have any suggestions for NPBFX?

- I wish you prosperity, of course, and reaching understanding with clients in all situations. Want to sincerely thank NPBFX for an interesting and fair contest for traders!
Vladimir, thank you for participating in our contest and interesting interview. NPBFX wishes you new victories and achievements in the financial markets!

 

[Antony_NPBFX]

Interview with the winner of November Battle of Traders contest from NPBFX

The first Battle of Traders is successfully completed, opening the first page in the history of the contest. And for the winner of the contest, Vladimir from Krasnodar, a big way on Forex is just starting. Vladimir gave a short interview to NPBFX to share the secret of his trading system, his thoughts about other participants and emotions from his victory.

1. Vladimir, NPBFX congratulates you with a deserved victory and excellent trading results!

- Thanks!)

2. How did you know about the Battle of Traders in NPBFX? Why did you decide to participate?

- I’ve found the contest on the Internet by searching "contests for traders". Then I checked the contest terms on the NPBFX website and registered as a participant.

3. What emotions did you experience when you got information about your double victory: $1000 on a trading account and a special prize - the newest iPhone Xs?

- When I only started participating and saw the requirements to get an iPhone, I thought it was unreal! Increasing initial deposit minimum up to 50 times seemed to me an overstated requirement. But when I saw myself in the first place - it was something very special, emotions generally overwhelmed!
By the end of the last trading week I’ve managed to increase my account up to 50 times, so it was really hard for other participants to compete with me. I can compare my feelings at that moment with the day when my child was born!

4. That’s really great! Vladimir, what helped you to win? What are the main parts of your success?

- Patience and non-greed. I will explain. When trend goes your way and your profit grows, many traders want to get another 5-7 points, then more and more. But I stop and close the trade after reaching the goal, taking my profit and waiting patiently for the next moment to enter the market.

5. So I can see that you have no problems with trading psychology. You have shown an excellent trading
result for the trading month: $253’222 with initial $5’000! Please, tell us a little about your trading system.
- I try to work from the levels of resistance and support in the crossing trading sessions: from Asia to Europe, from Europe to America.

6. Did you have any specific trading strategy referring to the results of other participants of the contest?

- Of course! This is the value of the competition. When you trade, you can evaluate yourself only by your trading result. And when you see others’ trading, you start asking questions: “Why is he better than me? Why does someone do it and I don’t?”
I remember how I was surprised in the first days of the contest that other participants already had 23 trades, 30 trades, 46 trades! I had only 7 trades on my account then. It was very interesting what strategy did they use, how did they work, did they monitor or use scalping?

7. The Battle of traders is a monthly contest in NPBFX. Are you planning to participate further?

- Definitely, yes. Even if I had finished at 101 place, I would got upset, but would participate again, hoping to win. And I wonder if I could succeed again. Today I have two goals. The first is to start working on a real NPBFX trading account and the second is to participate in the December Battle of Traders.

8. Vladimir, it would be great for traders who also took part in the contest to know more about you as a person. Please, tell us briefly about yourself (in which city you live, your age, profession, family, how long you are in Forex)?

- I’m 57 years old, live in Krasnodar with my family. I have a higher military education, but now I’m retired and work as a warehouse manager. I’m happy to have not only children, but already grandchildren. As for the Forex market, I have been trying it for about 5 years. Serious trading is being only for about 1.5 years.

9. What recommendations would you give to traders who take part in the December Battle of Traders?

- In my opinion, any trader who wants to succeed in such a fast changing financial market as Forex should not panic and be patient. The second advice is to set a goal and go there, do not turn either left or right. Then you will succeed!

10. Thank you for the good advice for our traders. Do you have any suggestions for NPBFX?

- I wish you prosperity, of course, and reaching understanding with clients in all situations. Want to sincerely thank NPBFX for an interesting and fair contest for traders!
Vladimir, thank you for participating in our contest and interesting interview. NPBFX wishes you new victories and achievements in the financial markets!

 

[Antony_NPBFX]

XAU/USD: gold prices are rising 24.12.2018

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 resumed fairly steady growth during today's Asian session, approaching local highs updated on December 20 again. The instrument is supported by the situation around a possible slowdown in the tightening of the monetary policy of the US Federal Reserve.

After the December interest rate increase, most of the managers of the regulator said that next year the rate will be raised only twice.

In addition, investors continue to monitor the situation around the US-China trade relations and the growth of domestic political pressure in the United States. In particular, over the weekend, the Republican Party, led by Donald Trump, was not able to achieve the allocation of USD 5 billion for the project to build a wall on the border with Mexico. The US President said he would not sign such a budget, which led to the government shutdown once again.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding, but it fails to catch the development of "bullish" trend at the moment. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic also keeps the uptrend, but approaches its maximum levels, which indicates the risks associated with overbought gold in the short and ultra-short term.

Existing "bullish" positions should be kept until the situation clears up.

Resistance levels: 1266.26, 1270.11, 1276.87.

Support levels: 1260.75, 1257.82, 1253.72, 1250.66.

Trading tips

To open long positions, one can rely on the breakout of 1266.26. Take profit — 1276.87. Stop loss — 1260.75.

A breakdown of 1257.82 may be a signal to further sales with target at 1250.66 or 1247.00. Stop loss — 1264.00.

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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: wave analysis 28.12.2018

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.

The pair may grow.

On the 4-hour chart, the wave C of (2) developed as a wedge, within which the fifth wave v of C formed. Now the first wave of the lower level i of (i) and the correction ii of (i) have formed. If the assumption is correct, the pair will grow to the levels of 1.2932–1.3175. In this scenario, critical stop loss level is 1.2470.

Main scenario

Long positions will become relevant during the correction, above the level of 1.2470 with the targets at 1.2932–1.3175. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2470 will let the pair go down to the level of 1.2353.

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 GBP/USD and trade efficiently with NPBFX.