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[Antony_NPBFX]

Alcoa Corp.: technical analysis 10.01.2024

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

Shares of Alcoa Corp., one of the world’s largest aluminum producers, are correcting around 32.00.

On the daily chart, the quotes have left the global downward corridor with dynamic boundaries of 20.00–28.00 and are trying to consolidate in a new upward trend.

On the four-hour chart, the likelihood of further growth looks high as long as the price remains above the initial 23.6% retracement level at Fibonacci 30.30. After consolidation above the basic correction level of 38.2% at Fibonacci 35.00, it may reach the full correction level of 61.8% at Fibonacci 43.00.

Technical indicators keep a buy signal: the EMA fluctuation range on the Alligator indicator is directed upwards, and the AO histogram forms corrective bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 35.00 with the target at 38.90. Stop loss – 32.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 30.30 with the target at 26.90. Stop loss is around 32.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: euro is preparing to end the week with insignificant growth 12.01.2024

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

During the morning session, quotes of the EUR/USD pair remained near 1.0975, preparing to end the week with slight upward dynamics, despite the fact that the day before the US currency made a rather aggressive attempt to grow after the publication of December inflation data, which could significantly affect the rhetoric of the US Federal Reserve.

The Consumer Price Index accelerated from 3.1% to 3.4% in annual terms against the background of preliminary estimates of 3.2% and from 0.1% to 0.3% in monthly terms, while analysts expected 0.2%. At the same time, the Core CPI excluding Food and Energy added 0.3% month-on-month and 3.9% year-on-year, against expectations of 0.3% and 3.8%, respectively. Thus, inflation rates so far exceed expert forecasts, so American monetary authorities probably will not rush to launch a cycle of reducing borrowing costs this year. Against this background, expectations regarding a March adjustment to the value have been revised, but in general such a scenario is still considered possible.

Today at 15:30 (GMT+2) the focus of investors' attention will be statistics from the United States on producer inflation: the Producer Price Index is expected to increase in December from 0.9% to 1.3% in annual terms and from 0.0% to 0.1% in monthly terms. In addition, data on consumer price indices in Spain and France will be published during the day, which may remain at 3.1% and 4.1%, respectively.

Trading participants are closely monitoring comments from representatives of the European Central Bank (ECB): for example, board member of the regulator Isabel Schnabel said yesterday that indicators of economic sentiment in the region have probably reached minimum values, while the short-term economic prospects remain weak. The official also noted that the labor market remains resistant to changes made by the regulator, but a return of inflation to the target level of 2.0% in 2025 is still possible.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD indicator tries to reverse to growth and to form a new buy signal (the histogram is about to consolidate above the signal line). Stochastic shows more confident growth and is currently located in close proximity to its highs, signaling the risks of overbought single currency in the ultra-short term.

Resistance levels: 1.1000, 1.1050, 1.1100, 1.1150.
Support levels: 1.0964, 1.0930, 1.0900, 1.0850.

Trading tips

Long positions can be opened after a breakout of 1.1000 with the target of 1.1100. Stop-loss — 1.0950. Implementation time: 2-3 days.

A rebound from 1.1000 as from resistance, followed by a breakdown of 1.0964 may become a signal for opening of new short positions with the target at 1.0900. Stop-loss — 1.1000.

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.

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[Antony_NPBFX]

GBP/USD: the pair is consolidating near local highs 15.01.2024

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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

The GBP/USD pair is slightly strengthening, testing the level of 1.2750 for a breakout. Market activity remains quite low as markets in the US are closed due to Martin Luther King Day celebrations. At the same time, investors are in no hurry to open new positions ahead of tomorrow's publication of the UK labor market report for November-December.

Forecasts suggest the country's Unemployment Rate has risen over the past three months through November from 4.2% to 4.3%. The Average Earnings Excluding Bonus in November could slow down sharply from 7.3% to 6.6%, and the Average Earnings Including Bonus - from 7.2% to 6.8%. On Wednesday, January 17, the UK will present December inflation statistics: analysts expect the Consumer Price Index to add 0.2% in December after declining by 0.2% in the previous month, with the annual CPI adjusted from 3.9% to 3.8%, and the Core CPI from 5.1% to 4.9%.

The pound received minor support from Friday's data from the UK. Gross Domestic Product (GDP) grew by 0.3% in November after -0.3% a month earlier, while experts expected an increase of 0.2%. Industrial Production increased by 0.3% compared to -1.3% in October, and in annual terms the figure fell 0.1% from -0.5% with a forecast of 0.7%, which, according to the National Statistical Service (ONS), indicates the possibility of a technical recession in the fourth quarter, although it is expected to be shallow.

Analysts at Bank of America Global Research adjusted previous estimates regarding monetary policy changes by the Bank of England: officials are now expected to keep the interest rate at 5.25% until August, although earlier forecasts included February 2025; however, according to them, the British regulator will be among the last ones to begin reducing borrowing costs as inflation risks remain. A negative impact on the national economy, according to the Governor of the regulator Andrew Bailey, in particular, may be caused by problems with shipping in the Red Sea, which have already caused changes in the routes of commercial ships and an increase in the cost of delivering goods.

Support and resistance

Bollinger Bands in D1 chart show insignificant growth. The price range is almost constant, remaining rather spacious for the current level of activity in the market. MACD is slightly declining keeping a weak sell signal (located below the signal line). Stochastic, having approached the level of "80", reversed into a horizontal plane, indicating the risks of overbought pound in the ultra-short term.

Resistance levels: 1.2800, 1.2850, 1.2900, 1.2963.
Support levels: 1.2747, 1.2700, 1.2650, 1.2600.

Trading tips

Short positions may be opened after a breakdown of 1.2700 with the target at 1.2600. Stop-loss — 1.2747. Implementation time: 2-3 days.

The return of the "bullish" trend with the breakout of 1.2800 may become a signal for new purchases with the target of 1.2900. Stop-loss — 1.2747.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

ExxonMobil Corp.: technical analysis 17.01.2024

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

Shares of ExxonMobil Corp., an American oil company, are trading at 98.00.

A global corrective trend is forming on the daily chart, and the price is moving away from the resistance line of the downward corridor with boundaries of 96.00–102.00.

On the four-hour chart, the quotes are preparing to overcome last year’s low of 97.40, consolidation below which will increase the likelihood of further decline to the initial trend of 61.8% of the Fibonacci extension around 90.00. Long positions are relevant only if the asset consolidates above the channel resistance line of 101.00.

Technical indicators are strengthening the sell signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 96.20 with the target at 90.16. Stop loss – 98.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 100.30 with the target at 105.40. Stop loss is around 98.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

General Electric Co.: technical analysis 19.01.2024

Good afternoon, dear forum visitors!

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

Shares of General Electric Co., an American diversified corporation, are moving within an intensifying global correction, trading at 128.00.

On the daily chart, the price remains within the local channel with dynamic boundaries of 131.00–125.00, heading towards the resistance line.

On the four-hour chart, the upward movement to 136.00 may continue after consolidation above the local high of 130.00. A decline is likely only if the asset leaves the channel and overcomes the support line of 125.00.

Technical indicators hold a buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 130.00 with the target at 136.00. Stop loss – 128.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 126.10 with the target at 119.60. Stop loss – 129.00.

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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 General Electric Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 22.01.2024

Good afternoon, dear forum visitors!

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

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are trading in a corrective trend at 93.00.

On the daily chart, the price is rising, leaving the global downward channel with dynamic boundaries of 85.00–77.00.

On the four-hour chart, the quotes are gradually declining within the Flag trend continuation pattern, reaching its resistance line of 93.00. The formation implementation at 94.00 can occur at any moment, after which growth to the late summer high of 100.00 will begin.

Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars, rising in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 94.10 with the target at 101.00. Stop loss – 91.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 91.50 with the target at 87.70. Stop loss – 93.00.

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.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 24.01.2024

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., an American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are trading in a corrective trend at 385.00.

An upward trend is forming on the daily chart, within which the price is trying to consolidate above the ascending channel 370.00–330.00.

On the four-hour chart, the probability of continued growth has increased after the consolidation of the quotes above the channel resistance line of 365.00 and the local high of 377.00, as a result of which the area of 420.00 is expected to be reached.

Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming ascending bars, rising in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 390.00 with the target at 425.00. Stop loss – 380.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 377.00 with the target at 344.00. Stop loss – 384.00.

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

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

 

[Antony_NPBFX]

USD/JPY: the American dollar is developing a weak "bullish" impetus formed the day before 26.01.2024

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

The USD/JPY pair shows moderate growth, developing the "bullish" impetus formed the day before and testing 147.75 for a breakout, while investors evaluate statistics from Japan.

In January, the Consumer Price Index in the Tokyo region slowed down from 2.4% to 1.6%, and the CPI excluding Food and Energy went from 3.5% to 3.1%. Such a significant weakening of inflationary pressure could lead to the Bank of Japan continuing to maintain an accommodative monetary policy. Despite expectations that the regulator will soon abandon negative interest rates, the likelihood of an increase in borrowing costs decreases along with the Consumer Price Index.

The Japanese government's monthly economic report was published yesterday, assessing the impact of the strong earthquake on the Noto Peninsula in Ishikawa Prefecture, as well as setting out short-term forecasts for exports, production and consumption. Officials noted that the aftermath of the disaster will require additional attention from the authorities: Ishikawa Prefecture, which suffered the greatest damage, accounts for only 0.8% of the country's Gross Domestic Product (GDP), but is home to important equipment and semiconductor manufacturing plants that have not resumed operations.

Meanwhile, the US currency is supported by evidence of the stability of the national economy, which allows the US Federal Reserve not to rush to begin easing its rhetoric. Data released yesterday showed Gross Domestic Product (GDP) rising 3.3% in the fourth quarter of 2023, following a 4.9% rise in the previous period and expectations of 2.0%. At the same time, labor market statistics reflected a noticeable increase in the number of Initial Jobless Claims for the week ended January 19 from 189.0 thousand to 214.0 thousand with a forecast of 200.0 thousand, and Continuing Jobless Claims for the week ended January 12 increased from 1.806 million to 1.833 million, while analysts were expecting 1.828 million.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing more stable decline and is located in the middle of its area.

Resistance levels: 148.00, 148.79, 149.50, 150.00.
Support levels: 147.49, 146.65, 146.00, 145.00.

Trading tips

Long positions can be opened after a breakout of 148.00 with the target of 149.50. Stop-loss — 147.35. Implementation time: 2-3 days.

A rebound from 148.00 as from resistance, followed by a breakdown of 147.49 may become a signal for opening of new short positions with the target at 146.00. Stop-loss — 148.20.

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.

 

[Antony_NPBFX]

Hewlett-Packard Co.: technical analysis 29.01.2024

Good afternoon, dear forum visitors!

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

Shares of Hewlett-Packard Co., the American information technology giant, are moving in a corrective trend at 29.80.

On the daily chart, the price is approaching the support line of the recent ascending channel with boundaries of 31.00–29.20.

On the four-hour chart, the current local growth is a reverse test of the recently passed support level of 29.50 but, if the year’s high of 30.80 is broken, the global uptrend may continue. Until this, there is a possibility of a reversal and decline, which will intensify after the breakdown of the local support level of 29.00.

Technical indicators are ready to give a buy signal: fast EMAs on the Alligator indicator have almost consolidated above the signal line, and the AO histogram is forming corrective bars, approaching the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 30.20 with the target at 32.00. Stop loss – 29.40. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 29.20 with the target at 27.50. Stop loss – 30.00.

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 Hewlett-Packard Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Adobe Inc.: technical analysis 31.01.2024

Good afternoon, dear forum visitors!

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

Shares of Adobe Inc., a leading American software developer, are moving in a corrective trend at 622.00.

On the daily chart, the price is correcting within the global ascending corridor with dynamic boundaries of 676.00–560.00, forming a growth wave.

On a four-hour chart, the quotes are near last year’s high of 633.00, and within the current wave, they may leave the range: after consolidating above the global channel resistance line of 660.00, the price may reach 700.00.

Technical indicators have given a buy signal: the EMA fluctuation range on the Alligator indicator is expanding upward, and the AO histogram is forming ascending bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 637.30 with the target at 696.00. Stop loss – 625.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 609.00 with the target at 562.00. Stop loss – 625.00.

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.

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 Adobe Inc. and trade efficiently with NPBFX.