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Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
EUR/USD: the euro is consolidating 20.12.2019

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

EUR is showing a moderate decline against USD during today's Asian session. The instrument is preparing to test the level of 1.1110, losing about 0.07%. The “bearish” trend replaced the uncertain growth, which was due to not the most successful macroeconomic statistics from the US on Thursday. US Existing Home Sales in November fell by 1.7% MoM after a 1.5% MoM growth last month. Analysts expected a decline of 0.2% MoM. Philadelphia Fed Manufacturing Index in December fell sharply from 10.4 to 0.3 points with a forecast of a decrease of only 8 points.

During the day, investors expect publication of statistics from the United States on annual GDP growth rates for Q3 2019 (updated data) and the dynamics of Personal Income and Spending for November. The euro area is expected to release Consumer Confidence data in December, as well as Current Account balance statistics for October.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing from below, reflecting the flat dynamics of trading in the short term. MACD is going down preserving a moderate sell signal (located below the signal line). Stochastic keeps a confident downtrend but is located near its lows, which indicates the risks of oversold EUR in the ultra-short term.

Existing short positions should be kept until the situation clears up.

Resistance levels: 1.1143, 1.1174, 1.1200.

Support levels: 1.1115, 1.1096, 1.1080, 1.1062.





Trading tips

To open long positions, one can rely on the rebound from the support level of 1.1096, with the subsequent breakout of 1.1115. Take profit – 1.1174 or 1.1200. Stop loss – 1.1090.

A breakdown of 1.1096 may be a signal for new sales with target at 1.1062 or 1.1050, 1.1038. Stop loss – 1.1120 or 1.1130.

Implementation time: 2-3 days.

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

You can learn more about the current situation on EUR/USD 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 EUR/USD, GBP/USD, USD/JPY, 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 EUR/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
WTI Crude Oil: oil prices are in correction 23.12.2019

Good afternoon, dear forum visitors!

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

Current trend

Today, during the Asian session, oil prices show a negative trend, continuing to develop a “bearish” impulse formed at the end of last week. The instrument is supported by a decrease in trade tension between the US and China after the parties announced that they would sign a trade agreement in the first half of January. Investors expect that this step will contribute to a moderate increase in demand for petroleum products, which, along with the OPEC+ policy, may provide significant support for prices for “black gold”.

Prices are under pressure by Friday’s report of Baker Hughes, which indicated a sharp increase in the number of rigs for the week of December 20. The indicator increased by 18 units to 685 units, which was the most powerful growth since February 2018.

Support and resistance

On the daily chart, Bollinger bands are growing moderately. The price range is narrowing, reflecting the appearance of correctional dynamics in the ultra-short term. The MACD indicator has reversed downward, having formed a new sell signal (the histogram is below the signal line). Stochastic’s dynamic is similar, it is currently located in the middle of its workspace.

Current readings of technical indicators do not contradict the further development of the downtrend in the short and/or ultra-short term.

Resistance levels: 60.42, 61.01, 61.42.

Support levels: 60.00, 59.45, 59.00, 58.62.





Trading tips

Long positions may be opened after a rebound from the level of 60.00 and a breakout of the level of 60.42 with the target at 61.42. Stop loss – 59.80–59.60.

Short positions may be opened after the breakdown of the level of 60.00 with the target at 59.00 or 58.62. Stop loss – 60.75.

Implementation period: 2–3 days.

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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 WTI Crude Oil and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
XAU/USD: gold prices rise 27.09.2019

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

Today, during the Asian session, gold prices are slightly increasing, consolidating after a confident “bullish” rally for the last 3 trading sessions. Now the growth of the instrument is about 0.13%. The upward dynamics of the instrument is due to low trading volumes on the market due to the Christmas and New Year holidays, as well as fluctuations in stock exchanges.

In turn, gold is under pressure of the growing prospect of signing a trade agreement between the United States and China, which could mark the beginning of a massive improvement in relations between countries, as well as a significant reduction in global risks and the danger of a slowdown in the global economy. However, the date of signing the first phase of the transaction is still unknown, and skeptics point to a lot of unresolved issues between the parties to the trade conflict.


Support and resistance

On the daily chart, Bollinger bands grow. The price range actively expands but not as fast as the "bullish" moods develop. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, approaching its highs, reversed into a horizontal plane, indicating that the instrument is overbought in the ultra-short term.

It is worth paying attention to a developing of a correctional decline after the formation of the corresponding signals from technical indicators.

Resistance levels: 1517.66, 1523.95, 1535.39.

Support levels: 1510.00, 1500.00, 1493.88, 1486.40.






Trading tips

Long positions may be opened after the breakout of 1517.66 with the target at 1530.00 or 1535.39. Stop loss – 1510.00. Implementation period: 2–3 days.

Short positions may be opened after a rebound from 1517.66 and a breakdown of 1510.00 with the target at 1500.00 or 1493.88. Stop loss – 1517.66. Implementation period: 1–2 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 XAU/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
USD/CHF: general review 30.09.2019

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

The USD/CHF pair continues to be strongly affected by the continued weakening of USD. Despite the assurances of Donald Trump that the first stage of the trade transaction is ready and will be signed no later than January next year, investors do not see positive. The main indicator of economic stability – the curve of 10-year bonds yield – signals a high probability of a recession in the US economy in the first quarter of 2020.

Another reason for the decline in the instrument is the continued fall of the USD Index, which reaches 96.430 points and seems to have confidently fixed below the psychological level of 97 points. In early December, Moody’s predicted the start of a new cycle of recession in the US economy if the USD Index consolidated below it.

In the absence of publication of macroeconomic data from Switzerland this week, the USD Index will be the main driver for the course, in case of its decrease the pair will fall.

Support and resistance

Despite the active decline, the price stays within the wide sideways channel, approaching the support line. The Alligator indicator keeps a sell signal. However, the AO oscillator is already starting to reverse. Further decline is not likely. After the breakout of the resistance line, growth will be possible.

Resistance levels: 0.9810, 1.0000.

Support levels: 0.9690, 0.9550.



Trading tips

After reversal and growth, as well as a consolidation above 0.9810, buy positions with the target at 1.0000 will be relevant. Stop loss is below the local minimum, around 0.9680.

After the decline and consolidation below the local minimum around 0.9680, it is better to open sell positions with a target at 0.9550. Stop loss is behind a local maximum, around 0.9770.

Implementation period: 5 days or more.

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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

NPBFX Representative (unconfirmed)
Messages
433
XAU/USD: general analysis 03.01.2020

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 quotes are steadily trading above $1,500 an ounce. USD is getting cheaper, which causes an outflow of investment capital, which is gradually moving into the precious metal.

Media reported that Turkey launched the world's first platform based on blockchain technology for the issuance, redemption, and transfer of digitized gold. According to Borsa Istanbul, the system allows transferring a digital asset tied to a physical equivalent through distributed registry technology. It is worth noting that such projects can provoke an increase in interest in the precious metals market since such stable assets are the best equivalent for binding.

In conditions of reduced volatility due to the New Year holidays, as well as in the case of continued decline in the USD Index, the instrument has good prospects for further growth.

Support and resistance

The correction pattern "triangle" began to implement, and the price is actively increasing. The global growth target is around 1600.0. The Alligator indicator gave a steady buy signal. An active signal for growth is observed on the AO oscillator.

Resistance levels: 1550.0.1600.0.

Support levels: 1515.0, 1450.0.



Trading tips

After growth and consolidation above a local maximum around 1550.0, buy positions with the target at 1600.0 will be relevant. Stop loss is below the previous local maximum, around 1510.0.

After a decrease and consolidation below the local minimum around 1515.0, it is better to open sell positions with the target at 1450.0. Stop loss is above the local maximum, around 1551.0.

Implementation period: 7 days or more.

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

How can a trader determine if it’s worth buying or selling XAU/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 XAU/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
USD/JPY: the dollar is correcting 06.01.2020

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

USD is showing strong growth against JPY during today’s Asian session, testing the level of 108.00 for a breakout. The instrument is corrected after a sharp decline in USD, which was triggered by a rapid increase in demand for safe assets after the escalation of tension in the Middle East. As a result of the death of an Iranian general after US missile strikes at Baghdad airport, the parties exchanged mutual threats, and investors hastened to diversify their risks. Japanese macroeconomic statistics released on Monday put additional pressure on the yen. Jibun Bank Manufacturing PMI fell from 48.8 to 48.4 points in December, which turned out to be worse than average expectations.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding; however, it fails to catch the surge of the “bearish” sentiment at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, consolidating below the level of “20”, reversed horizontally, indicating the growth of correctional sentiment and the oversold USD in the ultra-short term.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 108.25, 108.41, 108.66, 108.91.

Support levels: 108.00, 107.76, 107.51.





Trading tips

To open long positions, one can rely on the breakout of 108.25. Take profit – 108.66 or 108.91. Stop loss – 108.00.

The return of “bearish” trend with the breakdown of 107.76 may become a signal for further sales with the target at 107.22. Stop loss – 108.00.

Implementation time: 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 USD/JPY and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
EUR/USD: general analysis 08.01.2020

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

EUR is under pressure as a result of approaching the UK’s actual withdrawal from the EU, scheduled for January 31. Even the positive macroeconomic data cannot change the negative mood of investors. Thus, Service PMI for December reached the level of 52.8 points, which is better than the expected 52.5 points and the November level of 51.6. The consumer price index remained unchanged at 1.3% against the corresponding forecast and slightly above 1.0% in November. The USD Index continues to stably stay below the psychological level of 97 points, being around 96.600, which significantly inhibits the growth of USD.

In general, this week, the EUR/USD pair will consolidate within a narrow range of 1000–1500 points, and the fundamental background, based on the aggravation of US-Iranian relations after the liquidation of General Qasem Soleimani by order of US President Donald Trump, can provoke sharp fluctuations.

Support and resistance

The asset continues to grow within the upward channel. The increase in USD volatility led to the formation of the “triangle” pattern but the direction of its implementation is still unknown. The Alligator indicator issued a sell signal but the price is close to the channel support line, which levels the signal strength.

Resistance levels: 1.1200, 1.1270.

Support levels: 1.1120, 1.1050.



Trading tips

After growth and consolidation above the level of 1.1200, buy positions with the target at 1.1270 will be relevant. Stop loss is below the local maximum, around 1.1160.

After a decrease and consolidation below the local minimum and the channel support line around 1.1120, it is better to open sell positions with a target at 1.1050. Stop loss is above the local minimum, around 1.1170.

Implementation period: 5 days.

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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

NPBFX Representative (unconfirmed)
Messages
433
NZD/USD: New Zealand dollar remains under pressure 10.01.2020

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

During today's Asian session, the NZD/USD pair is growing, being corrected after yesterday’s active decline, as a result of which the local lows of December 23 were renewed. The instrument adds about 0.10%, preparing to test the level of 0.6620 for an upward breakdown. Yesterday, a poor macroeconomic background put pressure on the price. ANZ Commodity Price Index for December unexpectedly fell by 2.8% MoM after rising 4.3% MoM last month. Analysts had expected positive dynamics to remain at 3% MoM. Chinese data also added some negative. Thus, the consumer price index for December showed zero dynamics after an increase of 0.4% MoM in November. The market expected inflation to rise by 0.3% MoM. In annual terms, the growth rate of consumer prices remained at the previous level of 4.5% YoY, which turned out to be worse than market expectations of 4.7% YoY.

Support and resistance

On the daily chart, Bollinger Bands smoothly reverse horizontally. The price range consolidated within a wide range, indicating the emergence of flat trading dynamics in the short or medium term. MACD falls, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, approaching the level of 20, reversed horizontally, signaling that an upward correction of the oversold NZD is possible.

A corrective growth is possible in the short and/or ultra-short term.

Resistance levels: 0.6618, 0.6651, 0.6680, 0.6725.

Support levels: 0.6600, 0.6573, 0.6539, 0.6521.





Trading tips

Long positions may be opened after a rebound from 0.6600 and a breakout of 0.6618 with the target at 0.6680. Stop loss – 0.6580.

Short positions may be opened after a breakdown of 0.6600 with the target at 0.6539 or 0.6521. Stop loss – 0.6630–0.6640.

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 NZD/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
GBP/USD: the pound remains under pressure 13.01.2020

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

GBP is trading slightly lower against USD during today’s Asian session, opening with a slight gap down. The instrument is testing the level of 1.3030, located not far from the local lows of January 9. The pressure on GBP is exerted by the approach of the next Brexit deadline, and despite the fact that at the moment the British government has no serious obstacles to its implementation, market sentiment remains alarming. The British economy is not in the best condition, so traders fear that the country's exit from the EU could be very painful. Today, investors expect the publication of statistics from the UK. In particular, data on Industrial Production and GDP dynamics for November are expected to be released.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting that the multidirectional dynamics remains in the short term. MACD is going down preserving a moderate sell signal (located below the signal line). The indicator is about to test the zero line for a breakdown. Stochastic keeps a downward direction but is rapidly approaching its lows, which indicates the growing risks of oversold GBP in the ultra-short term.

One should keep the existing short positions in the short and/or ultra-short term until the situation is clear.

Resistance levels: 1.3052, 1.3100, 1.3148, 1.3195.

Support levels: 1.3011, 1.2958, 1.2900.





Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3011, with the subsequent breakout of 1.3052. Take profit – 1.3148 or 1.3195. Stop loss – 1.3000 or 1.2990. Implementation time: 2-3 days.

The breakdown of 1.3011 or 1.3000 may serve as a signal to new sales with target at 1.2900. Stop loss – 1.3050 or 1.3070. Implementation time: 1-2 days.

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

You can learn more about the current situation on GBP/USD 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 EUR/USD, GBP/USD, USD/JPY, 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 GBP/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
433
USD/CHF: general review 15.01.2020

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

USD shows a slight increase against CHF during today's Asian session, correcting after a sharp decline in the instrument yesterday. The pair adds about 0.04%. Pressure on USD was exerted by macroeconomic data on consumer inflation from the US. Consumer Price Index in the US in December grew by 0.2% MoM, slowing down from the previous value of 0.3% MoM. Core Consumer Price Index in December slowed from 0.2% MoM to 0.1% MoM. In annual terms, however, the price index rose in December from 2.1% YoY to 2.3% YoY.

During the day, investors expect the publication of statistics on US Production Inflation for December. Also today, a formal signing of a trade agreement between the United States and China should take place.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the flat dynamics of trading in the short term. MACD reversed into a descending plane, having formed a new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is rapidly approaching its lows, which indicates the oversold USD in the ultra-short term.

Existing short positions should be kept in the short term until the situation clears up.

Resistance levels: 0.9702, 0.9743, 0.9769, 0.9792.

Support levels: 0.9664, 0.9645, 0.9600.





Trading tips

To open long positions, one can rely on the rebound from the support level of 0.9664, with the subsequent breakout of 0.9702. Take profit – 0.9769. Stop loss – 0.9664. Implementation time: 2-3 days.

The breakdown of 0.9664 may serve as a signal to new sales with the target at 0.9600. Stop loss – 0.9702. Implementation time: 1-2 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.
 
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