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[Antony_NPBFX]

AUD/USD: wave analysis 06.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The pair can grow.

On the 4-hour chart, the upward correction of the higher level is developing as a wave 2 of (5). Now the wave w of 2 is developing as a flat (a)(b)(c), within which the wave (c) of w is forming. If the assumption is correct, the pair will grow to the level of 0.7540. The level of 0.7347 is critical and stop loss for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 0.7347 with the target at 0.7540. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.7347 will let the pair go down to the level of 0.7250.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: wave analysis 08.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The correction is continuing, the price can fall.

On the 4-hour chart, the correction of the higher level as a wave 2 of (C) is forming, taking a shape of an irregular flat. Now the wave c of 2 is forming, within which the wave (ii) of c has ended, and the wave (iii) of c is developing. If the assumption is correct, the pair will fall to the level of 109.35. The level of 112.14 is critical and stop loss for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 112.14 with the target at 109.35. Implementation period: 5–7 days.

Alternative scenario

The breakout and the consolidation of the price above the level of 112.14 will let the pair grow to the level of 113.22.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

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

 

[Antony_NPBFX]

EUR/USD: wave analysis 10.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The trend is downward.

On the 4-hour chart, the downward momentum of the higher level A of (2) forms. Now the fifth wave v of A is developing, within which the correction of the lower level has formed as a wave (ii) of v, and the wave (iii) of v is developing. If the assumption is correct, the pair will fall to the level of 1.1439. The level of 1.1621 is critical and stop loss for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 1.1621 with the target at 1.1439. Implementation period: 5–7 days.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.1621 will let the pair grow to the level of 1.1745.

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Make right trade decisions on sell or buy EUR/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

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

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

 

[Antony_NPBFX]

NZD/USD: the pair remains under pressure 13.08.2018

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

The pair finished last week with a steady decline, having updated its record low of March 2016.

US July inflation data were ambiguous. Instead of the expected growth, CPI stayed at the level of 2.9%, and the base CPI rose from 2.3% to 2.4%, which keeps investors confident that the Fed will increase the interest rate two times this year, the nearest growth may be in September.

As for the trade war news, China refused to imply increased taxes on the US crude oil supply. Probably, there is nothing to compensate for its PRC yet. However, the increase in tariffs will affect imported from the US diesel fuel, gasoline and propane.

Friday stats from New Zealand failed to provide tangible support. In particular, the index of business activity in the manufacturing sector in July fell from 52.7 to 51.2 points.

Support and resistance

Bollinger bands on the daily chart are directed downwards. The price range is expanding in the lower part, but not as fast as the development of the "bearish" dynamics.

The MACD indicator decreases, keeping the sell signal (the histogram is located below the signal line).

Stochastic turned sideways in the oversold zone, which indicates the possibility of a corrective growth.

Resistance levels: 0.6600, 0.6622, 0.6650, 0.6686.

Support levels: 0.6560, 0.6534, 0.6500.

Trading tips

To open long positions, you can rely on the breakout of the level of 0.6600. Take profit – 0.6686 or 0.6712. Stop loss – 0.6550. Term of realization: 2-3 days.

A confident breakdown of 0.6560 can be a signal for further sales with targets of 0.6500 and 0.6480. The stop loss is 0.6600. Term of realization: 2-3 days.

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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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the pair declines 15.08.2018

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, AUD fell against USD, developing a downward trend and updating the lows since early 2017.

Today, the instrument is under pressure of poor macroeconomic data from China. In particular, the Retail Sales in July rose by 8.8% YoY, which is by 0.2% worse than analysts' expectations. Industrial Production in July maintained its previous growth rate of +6.0% YoY, while the market expected the index to accelerate to 6.3% YoY.

The pair continues to fall, and investors are waiting for July Australian labor market releases on Thursday. The "bearish" dynamic is supported by Westpac Consumer Confidence, which fell by 2.3% in August after growing by 3.9% last month.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding, but not as fast as the "bearish" trend is developing. MACD indicator decreases, keeping a strong sell signal (the histogram is below the signal line). Stochastic is pointing down, but is approaching its lows, which indicates the that the instrument is oversold.

At the moment, the indicators’ readings do not contradict the development of the "bearish" trend in the short term, but a corrective growth is possible in the next few days.

Resistance levels: 0.7222, 0.7260, 0.7290, 0.7322.

Support levels: 0.7200, 0.7175, 0.7159.

Trading tips

Long positions can be opened after the rebound from the level of 0.7200 and breakout of the levels of 0.7222–0.7230 with the target at 0.7290 or 0.7322. Stop loss is 0.7200–0.7180.

Short positions can be opened after the breakdown of the level of 0.7200 with the targets at 0.7159 or 0.7130–0.7120 and stop loss 0.7240–0.7250.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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

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

 

[Antony_NPBFX]

USD/JPY: pair in flat 17.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The US dollar rose slightly against the Japanese yen on Thursday, August 16, partially offsetting the sharp decline of the pair the day before. The corrective dynamics contributed to weak macroeconomic data from Japan.

Published on Thursday, data on Japan's trade balance were negative. In July, it showed a deficit of 231.2 billion yen. At the same time, the import index increased from 2.6% to 14.6%, while exports decreased from 6.7% to 3.9%. According to the Ministry of Finance, the trade balance deficit was formed due to rising energy prices and an increase in the supply of medical products and aircraft products to Japan.

In addition, investors drew attention to a significant reduction in investment in foreign bonds. Over the week of August 10, their volume fell from 1164 billion yen to 123.9 billion yen.

Support and resistance

Bollinger bands on the daily chart are directed downwards. The price range is slightly narrowed from above, reflecting the mixed nature of trading in recent days. The indicator MACD tries to turn upwards, keeping the former signal for sale (the histogram is located below the signal line). Stochastic turned down, reacting to a surge of «bearish» sentiment on Wednesday, August 15.

The current indications of technical indicators remain contradictory and do not form clear trade signals.
Resistance levels: 111.16, 111.52, 111.85, 112.13.

Support levels: 110.73, 110.54, 110.25, 110.00, 109.76.

Trading tips

To open long positions, you can rely on the breakout of 111.16. Take profit – 112.00. Stop loss – 110.80. Term of realization: 2-3 days.

Breakdown of 110.54 can become a signal to sell with the targets of 110.00 and 109.76. The stop loss is 110.85 or 111.00. Term of realization: 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.

 

[Antony_NPBFX]

GBP/USD: wave analysis 20.08.2018

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 is in a correction and can grow.

On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Locally the wave C of (2) is forming, within which the third wave of the lower level iii of C has formed as a momentum, and the upward correction iv of C is developing. If the assumption is correct, the pair will grow to the level of 1.2870. The level of 1.2660 is critical and stop loss for this scenario.

Main scenario

Long positions will become relevant during the correction, above the level of 1.2660 with the target at 1.2870. Implementation period: 5–7 days.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2660 will let the pair go down to the levels of 1.2580–1.2500.

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.

 

[Antony_NPBFX]

USD/CHF: wave analysis 22.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The pair can fall.

On the 4-hour chart, the first wave of the higher level 1 formed, and the downward correction develops as a wave 2. Now the local correction of the lower level b of 2 has ended, and the wave c of 2 is developing. If the assumption is correct, the pair will fall to the levels of 0.9745–0.9672. The level of 0.9978 is critical and stop loss for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 0.9978 with the targets at 0.9745–0.9672. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9978 will let the pair grow to the levels of 1.0115–1.0180.

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]

XAU/USD: gold is declining 24.08.2018

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, gold prices declined in response to the resumed growth of USD due to the increase in the US bonds’ yield. In addition, investors reacted positively to FOMC Minutes, which confirmed the readiness of the regulator to raise the interest rate at the September meeting.

The escalation of the trade conflict between the US and China also provides more support for the safe dollar than gold. Yesterday new reciprocal duties were implemented, as there was no noticeable progress in negotiations in Washington.

Today, investors are waiting for the speech of Fed Chairman Jerome Powell within the symposium in Jackson Hole. He will provide a report on monetary policy in a changing economy. Also, the market is waiting for the comments of the regulator's head regarding the latest critical statements of President Trump.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is slightly narrowed from above, reflecting the recent ambiguous trade. MACD indicator grows, maintaining the buy signal (the histogram is above the signal line). Stochastic reversed downwards, reflecting the risks of corrective dynamics of overbought gold development.

It is better to keep current short positions in the short and/or short-term perspective until new trade signals appear.

Resistance levels: 1191.36, 1200.00, 1204.55, 1211.14.

Support levels: 1182.79, 1170.00, 1159.83.

Trading tips

Long positions can be opened after a rebound from the level of 1182.79 and breakout of the level 1191.36 with the target at 1211.14 or 1215.79. Stop loss is 1182.79. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of level 1182.79 with the target at 1170.00. Stop loss is 1191.36. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAU/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

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

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

 

[Antony_NPBFX]

AUD/USD: wave analysis 27.08.2018

Good afternoon, dear forum visitors!

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

Current trend

The price can grow.

On the 4-hour chart, the first wave of the higher level 1 develops, within which the wave iii of 1 ended. Now the upward correction is developing as a fourth wave iv of 1, within which the wave (a) of iv has formed, and the wave (b) of iv is developing. If the assumption is correct, after the end of the wave the pair will grow to the level of 0.7455. In this scenario, critical stop loss level is 0.7206.

Main scenario

Long positions will become relevant during the correction, above the level of 0.7206 with the target at 0.7455. Implementation period: 5–7 days.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.7206 will let the pair go down to the level of 0.7100.

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.