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[Antony_NPBFX]

USD/CAD: wave analysis 15.02.2019

Good afternoon, dear forum visitors!

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

The pair may grow.

On the 4-hour chart, the third wave of the higher level 3 develops, within which the wave ii of 3 ended. Now the entry wave of the lower level (i) of iii of 3 has formed, and a local correction developed as the wave (ii) of iii. If the assumption is correct, the pair will grow to the level of 1.3661. In this scenario, critical stop loss level is 1.3188.

Main scenario

Long positions will become relevant during the correction, above the level of 1.3188 with the target at 1.3661. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.3188 will let the pair go down to the level of 1.3067.

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/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: oil prices are growing 18.02.2019

Good afternoon, dear forum visitors!

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

Current trend

Oil prices continue to grow moderately, updating local highs since the end of November.

Quotes are supported by decisive actions of OPEC countries aimed at further reducing production. Last week, Saudi Arabia announced a reduction in March by 0.5 million barrels per day, in addition to what the agreement originally required. The instrument is supported by new US sanctions against Venezuela, as well as increased tensions in the Libyan fields.

In turn, the Baker Hughes report on active drilling rigs in the United States published on February 15 put some pressure on prices. Over the past week, the number of drilling rigs in the country increased from 854 to 857 units.

Support and resistance

The Bollinger Bands in D1 chart show moderate growth. The price range is expanding, however, failing to follow the “bullish” trend, which indicates risks of the overbought instrument in the short term. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Stochastic, having reached its maxima, reversed horizontally, indicating a strong overbought instrument in the ultra-short term.

One should keep long positions in the short and/or ultra-short term until the signals for a downward correction appear. Currently, one should not open the new "bullish" positions.

Resistance levels: 67.00, 67.47, 67.85, 68.20.

Support levels: 66.06, 65.50, 65.00, 64.42.

Trading tips

To open long positions, one can rely on the breakout of 67.00. Take profit — 67.85 or 68.20. Stop loss – 66.20. Implementation period: 1-2 days.

The return of "bearish" dynamics with the breakdown of 66.06 or 65.80 may become a signal for correctional sales with the target at 64.42 or 64.00. Stop loss – 66.80-66.60. 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 Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP is strengthening 20.02.2019

Good afternoon, dear forum visitors!

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

Current trend

The British pound showed a sharp rise against the US dollar on Tuesday, marking a new local maximum since February 4.

The pound was strongly supported by data from the labor market, which inspired confidence in the stability of the economy in front of Brexit. The average salary (with premiums) in December increased by 3,4% 3MoY, which coincided with the data of last month and is the most powerful positive dynamics over the past 10 years. Still, analysts expected a slightly stronger growth (3.5% 3MoY). In December, The number employed increased by 167K, which turned out to be better than analysts' forecasts of 140K. The employment rate was the best since the beginning of 2018.

Today, investors are focused on the meeting of British Prime Minister Theresa May with the head of the European Commission, Jean-Claude Juncker.

Support and resistance

On the D1 chart, Bollinger Bands are reversing horisontally. The price range is trying to consolidate within a fairly wide range, corresponding to the observed dynamics. MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). Stochastic keeps a confident upward trend but is located near its maximum levels, signaling the overbought pound in the ultra-short term.

The showings of the indicators do not contradict the further development of the "bullish" trend in the short and/or ultra-short term.

Resistance levels: 1.3100, 1.3139, 1.3173, 1.3216.

Support levels: 1.3054, 1.3000, 1.2957, 1.2917.

Trading tips

To open long positions, one can rely on the breakout of 1.3100. Take profit — 1.3173 or 1.3216. Stop loss – 1.3054.

A reverse near the current level, followed by a breakdown of 1.3054-1.3020, may become a signal for corrective sales with the target at 1.2957 or 1.2917. Stop loss — 1.3060 or 1.3100.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal:economic indicators. Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

USD/CHF: dollar strengthens 22.02.2019

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 rose slightly against CHF. In the morning, the position of the instrument was supported by poor macroeconomic statistics from Europe. With the opening of the American session and the publication of ambiguous statistics from the US, “bullish” activity has noticeably decreased, and investors have increasingly begun to close the profitable positions.

In February, EU Markit composite index of business activity in the manufacturing sector rose from 51.0 to 51.4 points, which turned out to be better than analysts' expectations of 51.1 points. At the same time, the usual index for the same period decreased from 50.5 to 49.2 points while the forecast was 50.3 points. Germany made a significant contribution to the weakening of the activity index in the manufacturing sector. February German index fell from 49.7 to 47.6 points, recalling the problems in the country's economy.

Support and resistance

On the daily chart, Bollinger bands are reversing horizontally. The price range tries to consolidate within fairly spacious (given the low activity on the instrument) boundaries. The MACD indicator is falling, keeping a poor sell signal (the histogram is below the signal line). Stochastic, reaching 20, is trying to reverse into the ascending plane.

The current indicator readings reflect the risks of oversold US currency in the short and/or ultra-short term. The development of correctional growth is possible.

Resistance levels: 1.0022, 1.0050, 1.0073, 1.0097.

Support levels: 1.0000, 0.9980, 0.9962, 0.9933.

Trading tips

Long positions can be opened after the breakout of the levels of 1.0022–1.0030 with the target at 1.0073. Stop loss is 1.0010–1.0000.

Short positions can be opened after the breakdown of the level of 1.0000 with the target at 0.9962. Stop loss is 1.0015.
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]

XAG/USD: silver prices are rising 25.02.2019

Good afternoon, dear forum visitors!

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

Current trend

On Friday, silver prices rose markedly, balancing a sharp Thursday’s decline partially. During the Asian session on February 25, the instrument grows, moderately supported by low investors’ interest in risk. Traders wait for the resolution of the US-China trade conflict in order to concentrate on other market drivers. Additional support for the course provides uncertainty in Europe. In addition to the process of Brexit, investors are concerned about another round of political crisis in Italy and a significant slowdown in the German economy.

On the other hand, the instrument is under pressure from recent Fed’s comments, which has slightly changed its position on further interest rate growth. The regulator still refers to an unstable external economic background but at the same time, some board members are in favor of tightening policies in the second half of 2019.

Support and resistance

On the daily chart, Bollinger bands moderately grow. The price range expands from above, letting the “bulls” renew local highs. MACD increases, keeping a poor buy signal (the histogram is above the signal line). Stochastic falls and does not react to growth.

It is better to wait until the situation is clear and to keep part of current long positions in the short and/or super short term for some time.

Resistance levels: 15.96, 16.05, 16.18, 16.28.

Support levels: 15.84, 15.74, 15.66, 15.58, 15.46, 15.40, 15.21, 15.09, 15.00.

Trading tips

Long positions can be opened after the breakout of 15.96 with the target at 16.18 or 16.28. Stop loss – 15.84. Implementation period: 1–2 days.

Short positions can be opened after the rebound from 15.96 and the breakdown of 15.84 with the targets at 15.58 or 15.50–15.46. Stop loss – 15.96. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities.

How can a trader determine if it’s worth buying or selling XAG/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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

 

[Antony_NPBFX]

AUD/USD: Australian Dollar strengthens 27.02.2019

Good afternoon, dear forum visitors!

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

Current trend

Today, during the Asian session, AUD is slightly rising, trading around weekly highs with moderate support from poor US dollar positions. In addition, investors expect a positive resolution of the trade conflict between the United States and China. Meanwhile, the macroeconomic background of Australia remains ambiguous. Wednesday’s 2018 Q4 Construction Work Done release declined by 3.1% QoQ after a decline by 2.8% QoQ in the previous period. Investors were counting on a positive trend of +0.4% QoQ.

Support and resistance

On the daily chart, Bollinger bands are slightly increasing. The price range widens from above but not as fast as the “bullish” dynamics is developing. MACD indicator rises, keeping a relatively strong buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic is growing steadily since the end of the last trading week and is approaching its highs again, which indicates that AUD can become overbought in the super-short term.

The current readings of technical indicators do not contradict the further development of the “bullish” trend in the short and/or ultra-short term.

Resistance levels: 0.7200, 0.7234, 0.7263, 0.7300.

Support levels: 0.7173, 0.7159, 0.7142, 0.7116.

Trading tips

Long positions can be opened after the breakout of the level of 0.7200 with the target at 0.7263. Stop loss is 0.7173.

Short positions can be opened after the breakdown of the level of 0.7159 with the target at 0.7100 or 0.7090. Stop loss is 0.7180–0.7190.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: the pair is trading ambiguously 01.03.2019

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, USD rose against CAD but failed to consolidate at the occupied positions and lost almost all the advantage by the time of the closing of the daily session.

American macroeconomic statistics, published on Thursday, did not significantly support USD. According to preliminary estimates, the 2018 Q4 GDP rose by 2.6% YoY after rising by 3.4% YoY in the third quarter. Despite a significant slowdown in economic growth, the published figure was still much better than the forecasts, suggested a rise of +2.3% YoY. However, Canadian data was not better, reflecting the growth of the 2018 Q4 payments deficit balance from 10.11 billion to 15.4 billion CAD.

Today, investors are focused on US statistics on personal incomes and expenditures in December, as well as the February data block on business activity. In Canada, the 2018 Q4 annual GDP data and Manufacturing PMI will be released.

Support and resistance

On the daily chart, Bollinger bands moderately reduced. The price range narrows, reflecting the ambiguous trading nature in the short term. MACD grows, keeping a poor buy signal (the histogram is above the signal line). Stochastic reversed horizontally after a short growth at the beginning of the week.

The current indicators’ readings remain controversial. It is better to wait until the situation is clear.

Resistance levels: 1.3200, 1.3241, 1.3284, 1.3327.

Support levels: 1.3149, 1.3100, 1.3067, 1.3000.

Trading tips

Long positions can be opened after the breakout of 1.3200 with the target at 1.3284. Stop loss is 1.3160.

Short positions can be opened after the breakdown of 1.3149 with the target at 1.3067 or 1.3040. Stop loss is no further than 1.3200.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: oil prices are dropping 04.03.2019

Good afternoon, dear forum visitors!

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

Current trend

Oil prices dropped markedly on March 1, retreating to local minima of February 26. The decline was due to continued growth in US production, as well as increased risks of global economic growth, which directly affects demand.

OPEC’s efforts to reduce production, and new US sanctions against Venezuela, which is also a member of OPEC, are hindering a more confident decline in prices. Additional support on Friday was provided by the Baker Hughes report, which again indicated a reduction in active drilling rigs from 853 to 843 units per week.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting the ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (being located under the signal line). Stochastic resumed its decline after a short-term growth in the middle of last week.

The showings of the indicators do not contradict the further development of correctional decline in the short and/or ultra-short term.

Resistance levels: 65.50, 66.06, 67.00, 67.70.

Support levels: 65.00, 64.28, 63.69, 63.08.

Trading tips

To open long positions, one can rely on the breakout of 65.50. Take profit — 67.00 or 67.70. Stop loss – 64.90-64.80.

The return of "bearish" dynamics with the breakdown of 64.28 may become a signal to start sales with the target at 63.08 or 62.40. Stop loss – 65.00.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities.

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

An Interview with a January Trading Battle Winner: $1000 was credited to the NPBFX client from South Africa.

The most successful trading in the January Trading Battle was demonstrated by Michael Mokubang.

The Interview with the winner was being held in English. Michael lives in Johannesburg, South Africa. Despite the hot climate of the African continent he was emotionally restrained in the interview.
His decision to participate in the contest as well as his approach to trading itself also were based on sustainable factors.

The Winner told us about a trading strategy that helped him won the lead, how the contest monitoring kept him from giving up and why he recommended the contest to his friends.

We offer to Your attention the interview with Michael.

- First of all, let me congratulate you again with your victory. You showed great result! Tell me how did you know about our contest.

- Okay sir before I knew about your contest i started with your welcome bonus of 20$. Of which I found out on some website on the internet. Then I traded with the 20$ till I found out of your demo contest while navigating your website.

- Why did you decide to participate in the contest?

- Well the conditions of your contest were fair and I needed money to start trading on my live account.

- What were your first words and emotions when you knew about your victory in the contest?

- My first words were "is this for real"! I couldn't believe it I had to verify by login in my account and checked the balance.. and it was there.. I was super thrilled sir i even invited my friends to come celebrate as well as take part in the next up coming contest.

- The January “Battle of the Traders” is the third monthly tournament since the launch of the contest. Did you first time compete in January?

- I did compete I think it was December... when I went to the website I could find where I should monitor the results so I quit on the first tournament I entered... then on the first of January I took part again cause I had found out on your website where to monitor the contest.

- So, in January you used the monitoring page. How often did you use, for what purpose did you monitor the data? How useful was the contest monitoring for you as a participant?

- Yes I did.. the monitoring page was very useful.. it motivated me not to quit... I used to monitor it daily... it really helped me not to relax.. to keep working hard untill the last day.

- You showed an excellent trading result for the monthly trading: $ 129679.45 with a starting $ 5000! What is the essence of your trading system? Tell me more about it, please.

- I am a day trader I started a year ago.. and I've been learning daily how the market is manipulated and I try by all means to move with the market.

- Did you use some technical analysis, indicators? Maybe fundamental analysis? Did you visit our NPBFX Analytical Portal?

- I used technical analysis mostly. Indicators I used were moving averages (exponential and simple) I didn't visit the analytical portal.

- Now, summing up, how would you answer the question: “What is the main secret of your victory? What components of success does it consist of?”

- Consistency in one strategy.. modify it until it works for you... understanding how the market makers move the market will make you money.

- You told that you started trading a year ago. Why did you decide to engage in trading Forex?

- Well to be honest I knew long time ago about forex but I wasn't interested because most people I knew thought forex is complicated... then I moved to the city and met few people who are making money with forex..they even made it their career.. so I decided to learn.

- $1000 is already credited to your real trading account with NPBFX. Did you decide what tools you will trade (currency, CFD for metals, natural gas, oil)? What strategy are you going to use on this account?

- I am trading currency.. same strategy I was using on the demo.

- “Battle of traders” March registration has already begun. As you know, NPBFX holds a contest every month. Planning to participate further?

- Yes I am planning to sir.. and hoping to win so to increase my equity.

- Tell us briefly about yourself (in which city do you live, age, profession, family, hobbies)?

- City: Johannesburg in Gauteng province South Africa. I am 21 years old. I have currently not employed.. I am not married. My hobbies Is playing soccer and using my computer. Also playing digital games.

- Would you recommend to your friends and acquaintances to participate in the competition? Why?

- I already have... because I feel like NPBFX Is a reliable broker.

- Do you have any wishes/suggestions for NPBFX?

- So far everything is perfect. Replies on live chat are so much quick. And I like that.

- Thank you for participating in the competition and answering our questions. We wish you new victories and achievements in the financial markets!

 

[Antony_NPBFX]

USD/JPY: the pair is trading in both directions 20.03.2019

Good afternoon, dear forum visitors!

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

Current trend

The US dollar showed a downward trend against the Japanese yen on Tuesday, but today it is again traded upwards. Investors are discussing published minutes of the Bank of Japan meeting on monetary policy from January 22-23. The documents do not contain anything fundamentally new. The BoJ still maintains a benchmark for consumer inflation at 2% and is considering the possibility of additional stimulation of the economy, if the growth of inflation risks starts to slow down.

The minutes of the Fed meeting, which will be published later on Wednesday, are somewhat more interesting. Despite the fact that changes in monetary policy are not expected, investors are waiting to see the regulator’s plans for a rate increase this year. The Fed may completely abandon the idea of a rate increase, or it will only do it once.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting the ambiguous nature of trading last days. MACD is going down preserving a stable sell signal (being located under the signal line). Stochastic, which demonstrated a steady decline at the beginning of the week, also tends to reverse horizontally in the center of its working area.

To open new transactions, one should wait for additional signals to appear.

Resistance levels: 111.68, 111.89, 112.12.

Support levels: 111.50, 111.37, 111.14, 111.01.

Trading tips

To open long positions, one can rely on the breakout of 111.68. Take-profit — 112.12. Stop loss – 111.50. Implementation period: 1-2 days.

A rebound from 111.68, as from resistance, followed by a breakdown of 111.50, may become a signal for corrective sales with the target at 111.14-111.01. Stop loss – 111.68. Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: trading signals.

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