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Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
GBP/USD: the pound is consolidating 10.07.2020

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

Today, during the Asian session, the GBP/USD pair is falling.

The instrument departs from its local highs, renewed yesterday, under the pressure of technical factors, while the overall picture on the market does not change significantly. The pound is still supported by rumors of notable progress on the trade agreement between the UK and the EU. Also, investors responded positively to the Treasury Secretary’s plan to further support the British economy, presented on Wednesday. The dollar, in turn, is supported as a shelter asset since the latest statistics on the dynamics of the incidence of coronavirus in the US and the world cause more and more anxiety and fear.

Support and resistance

On the daily chart, Bollinger bands reverse in the horizontal plane. The price range is slightly expanding from above, letting the “bulls” renew local highs. The MACD indicator is growing, maintaining a poor buy signal (the histogram is above the signal line). Stochastic is showing a reversal downwards, signaling in favor of the development of corrective decline in the ultra-short term.

An appearance of a “bearish” dynamics is possible in the short and/or ultra-short term.

Resistance levels: 1.2617, 1.2668, 1.2730, 1.2812.

Support levels: 1.2541, 1.2500, 1.2400, 1.2334.





Trading tips

Long positions may be opened after a rebound from 1.2541 and a breakout of 1.2600 with the target at 1.2730. Stop loss – 1.2541.

Short positions may be opened after the breakdown of the level of 1.2541 with the target at 1.2400. Stop loss – 1.2617.

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 GBP/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
AUD/USD: AUD is recovering 13.07.2020

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

AUD is showing insignificant growth against USD during today's Asian session, recovering from a "bearish" end of trading last week. Investors are buying AUD amid taking a short profit on the instrument, while fundamentally the picture is changing little.

Moderate support for the pair is provided by the gradual recovery of the global economy; however, alarming data indicating a sharp increase in the incidence of coronavirus inhibit the growth of "bullish" sentiment. USD, however, also does not receive significant support from the deterioration of the epidemiological situation in the world. Interesting macroeconomic statistics from Australia will appear on Tuesday, when the data from the National Bank of Australia on business sentiment in June will be published.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range expands from above, freeing a path to new local highs for the "bulls". MACD has reversed upwards preserving a sell signal (located below the signal line). Stochastic is showing similar dynamics preserving fairly stable downward direction.

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

Resistance levels: 0.7000, 0.7060, 0.7100.

Support levels: 0.6955, 0.6900, 0.6839, 0.6800.





Trading tips

To open long positions, one can rely on the breakout of 0.7000. Take-profit – 0.7060–0.7100. Stop-loss – 0.6955.

A rebound from 0.7000 as from resistance, followed by a breakdown of 0.6955 may become a signal for new sales with the target at 0.6900. Stop-loss – 0.7000.

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 AUD/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
EUR/USD: the euro consolidates 15.07.2020

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

Today, during the Asian session, the EUR/USD pair shows ambiguous dynamics. Now, the euro is trying to consolidate above 1.1400, although at the opening of trading, the instrument renewed its local highs of June 10, touching the level of 1.1422. EUR’s technical factors for growth stays relatively strong, while increasing market tension in response to the confrontation between the US and China, as well as the rapid growth of new cases of COVID-19 infection, significantly inhibit investor interest in risk.

Tuesday’s macroeconomic statistics from Europe was ambiguous. May industrial production increased by 12.4% MoM after a decrease of 18.2% MoM for the previous month. Analysts had expected an increase of 15% MoM. The index of moods in the business environment of Germany from the ZEW Institute for July fell from 63.4 to 59.3 points, which was worse than forecasts of 60 points.

Support and resistance

On the daily chart, Bollinger bands actively grow. The price range expands from above but not as fast as the "bullish" moods develop. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward trend but quickly approaches the level of 100, which indicates that EUR may become overbought in the short-term.

It is better to keep the current long positions until signals from technical indicators are clarified.

Resistance levels: 1.1422, 1.1460, 1.1500.

Support levels: 1.1373, 1.1340, 1.1284, 1.1200.





Trading tips

Long positions may be opened after the breakout of 1.1422 with the target at 1.1500. Stop loss – 1.1373.

Short positions may be opened after a rebound from 1.1422 and a breakdown of 1.1373 with the target at 1.1284. Stop loss – 1.1422.

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 EUR/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
XAU/USD: gold prices are corrected 17.07.2020

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 prices show ambiguous trading during today's morning session, having shown a moderate decline in trading yesterday. The instrument is trying to consolidate below the key level of 1800.00 again; however, the demand for gold remains quite high. The instrument is supported by an uncertain market situation related to the aggravation of geopolitical risks and the further worsening of the epidemiological situation in the world. The United States and China again exchange mutual sanctions, and this threatens with crossing out all the progress made earlier in the framework of the trade agreement. While global regulators are taking a wait and see attitude, new measures to support the economy today seem quite reasonable, which also increases the attractiveness of gold among investors.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows a slightly more confident decline, signaling in favor of the development of the correctional trend in the ultra-short term.

The appearance of a full-fledged downtrend is possible in the short and/or ultra-short term.

Resistance levels: 1808.71, 1817.85, 1830.00.

Support levels: 1794.67, 1779.09, 1765.07, 1753.57.





Trading tips

To open long positions, one can rely on the rebound from the support level of 1794.67 with the subsequent breakout of 1808.71. Take-profit – 1830.00. Stop-loss – 1794.67.

The breakdown of 1794.67 may serve as a signal to new sales with the target at 1765.07. Stop-loss – 1808.71.

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

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
USD/CAD: dollar is correcting 20.07.2020

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

Today during the Asian session, the USD/CAD pair is growing slightly, approaching the resistance level around 1.3600. The positive dynamics of the instrument are largely due to technical factors, while there are still few fundamental reasons for the strengthening of USD.

US macroeconomic statistics published late last week were ambiguous. Investors were pleased with the data on the dynamics of June Housing Starts, which rose by an impressive 17.3% MoM after an increase of 8.2% MoM for May. At the same time, the rate of change in the Building Permits for the same period dropped sharply from +14.1% MoM to +2.1% MoM. Canadian data showed an increase in wholesale sales for May by 5.7% MoM after a record drop of 21.4% MoM for April. Analysts had expected an increase of 8.5% MoM.

Support and resistance

On the daily chart, Bollinger bands are moving sideways. The price range consolidated within rather narrow boundaries, reflecting the ambiguous nature of trading in the short term. The MACD indicator is growing, maintaining a poor buy signal (the histogram is above the signal line). Stochastic also reversed upwards after a short decline, reacting to the “bullish” end of last week's trading.

A full-fledged uptrend development is possible in the short and/or super short term.

Resistance levels: 1.3600, 1.3650, 1.3700.

Support levels: 1.3535, 1.3484, 1.3440, 1.3400.





Trading tips

Long positions may be opened after the breakout of 1.3600 with the target at 1.3700. Stop loss – 1.3550.
Short positions may be opened after a rebound from 1.3600 and a breakdown of 1.3535 with the target at 1.3440. Stop loss – 1.3590.
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 USD/CAD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
GBP/USD: GBP is corrected 22.07.2020

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 shows the flat dynamics of trading against USD during today's morning session. The instrument is retreating from its monthly highs, updated yesterday, without the support of the previous drivers. Approval of the European economic support program in the amount of EUR 750 billion does not support GBP. In turn, the "bullish" activity on the instrument has decreased after the information that the UK and the EU are unlikely to have time to agree on a trade deal before the end of the summer appeared at the market. Analysts believe that the process could drag on until the end of the year, when the Brexit transition deadline expires.

Today investors do not expect interesting drivers from the UK to appear, and flat dynamics may continue. Tomorrow, investors await the publication of a report from CBI on the dynamics of industrial orders for July. In addition, the representative of the Bank of England Jonathan Haskel will speak.

Support and resistance

The Bollinger Bands in D1 chart show moderate growth. The price range is slightly widening from above but does not conform to the development of the "bullish" trend yet. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains an uptrend, but is located near its highs, which indicates risks of overbought GBP in the ultra-short term.

Existing long positions should be kept until technical indicators are clarified.

Resistance levels: 1.2766, 1.2812, 1.2900.

Support levels: 1.2668, 1.2600, 1.2500, 1.2400.





Trading tips

To open long positions, one can rely on the breakout of 1.2766. Take-profit – 1.2900. Stop-loss – 1.2680.

A rebound from 1.2766 as from resistance, followed by a breakdown of 1.2668 may become a signal for new sales with the target at 1.2500. Stop-loss – 1.2766.

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 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
542
Brent Crude Oil: prices move flat 24.07.2020

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

Today during the Asian session, oil prices are slightly increasing, correcting after a moderate decline yesterday due to the publication of the report on the dynamics of crude oil reserves from the US Department of Energy (EIA). Also, investors remain wary of new restrictive measures due to the continued rise in new cases of COVID-19. Yesterday, the total number of cases of infection in the United States approached another record high of 4 million.

Thursday's report from the EIA for the week of July 17 reflected a sharp rise in crude oil and petroleum product inventories by 4.892 million barrels, which was significantly worse than the market expectations, which expected a decrease of 2.088 million barrels. The previous EIA report reflected a steady decline in reserves by 7.493 million barrels.

Support and resistance

On the daily chart, Bollinger bands have been showing flat dynamics for a long time. The price range remains virtually unchanged, reflecting the approximate balance of power in the short and medium term. The MACD indicator is going down, maintaining a poor sell signal (the histogram is below the signal line). Stochastic shows a similar dynamics, retreating from its highs and now is approximately in the center of its working area.

To open new trading positions, it is better to wait until the signals from technical indicators are clarified.

Resistance levels: 43.91, 45.00, 46.49.

Support levels: 43.00, 41.50, 40.00, 38.50.





Trading tips

Long positions may be opened after a rebound from 43.00 and a breakout of 43.91 with the target at 45.00. Stop loss – 43.00. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 43.00 with the target at 41.50. Stop loss – 43.91. Implementation period: 1–2 days.

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

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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 Brent Crude Oil and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
EUR/USD: EUR is updating record highs 27.07.2020

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 rising against USD today, hitting record highs since September 2018. The instrument is gaining about 0.55% and is trying to consolidate above the next resistance at 1.1700.

EUR is supported by strong macroeconomic statistics on business activity from the eurozone, published last Friday. German Manufacturing PMI in July rose from 45.2 to 50 points, better than expectations. Services PMI in Germany jumped from 47.3 to 56.7 points against the forecast of growth only to 50.5 points. Composite PMI rose from 47 to 55.5 points in July, also beating its forecasts of 50.3 points. In the euro area, the Composite PMI consolidated above the 50-point mark, indicating a gradual recovery in the European economy after the crisis. At the beginning of the week, the European investors are focused on the report on business climate in Germany from IFO. Also, German Bundesbank Monthly Report is expected during the day.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding, but it fails to catch the increased “bullish” activity on EUR. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, indicating risks of overbought EUR in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up.

Resistance levels: 1.1723, 1.1800, 1.1850, 1.1900.

Support levels: 1.1657, 1.1600, 1.1546, 1.1500.





Trading tips

To open long positions, one can rely on the breakout of 1.1723. Take-profit – 1.1850–1.1900. Stop-loss – 1.1600.

A rebound from 1.1723 as from resistance, followed by a breakdown of 1.1657 may become a signal for new sales with the target at 1.1546. Stop-loss – 1.1730.

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

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
USD/CHF: USD remains under pressure 29.07.2020

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 ambiguous dynamics of trading against CHF during today's Asian session. The "bearish" activity for the instrument has slowed down, but it is still trading near its 5-year lows.

Today, investors are focused on the release of the Fed Meeting Minutes. Analysts do not expect any significant changes in the vector of monetary policy; however, the comments of officials are more important today than ever. There is a possibility that the Fed representatives will speak out on adjusting the target levels for inflation, given the alarming situation in the economy, as well as touch on the prospects for programs to support the economy, which are now being actively discussed in the Senate.

Switzerland is to publish the ZEW Survey of Economic Expectations for July today. Forecasts suggest that the indicator may decline from 48.7 to 39.4 points.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands from below, making way for new local lows for the "bears". MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic, having approached its lows, is trying to reverse upwards, signaling in favor of the development of corrective growth in the ultra-short term.

To open new positions, it is necessary to wait for the trade signals to become clear.

Resistance levels: 0.9230, 0.9286, 0.9318, 0.9361.

Support levels: 0.9150, 0.9100.





Trading tips

To open long positions, one can rely on the rebound from the support level of 0.9150 with the subsequent breakout of 0.9200. Take-profit – 0.9286. Stop-loss – 0.9150. Implementation time: 2-3 days.

The breakdown of 0.9150 may serve as a signal to new sales with the target at 0.9100. Stop-loss – 0.9190. Implementation time: 1-2 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/CHF and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
542
XAU/USD: general review 31.07.2020

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 prices are showing moderate gains again in trading in today's Asian session, recovering from the correctional decline the day before. On Thursday, the instrument retreated from its record highs and interrupted the historic rally to the level of 2000.00 amid technical factors and corrective sentiment on the US stock markets. In turn, with the opening of the American trading session on Thursday, the pressure on USD began to increase after the publication of disappointing statistics on the annual dynamics of US GDP for Q2 2020. Political risks also intensified after Donald Trump posted a proposal on his Twitter to postpone the presidential elections in the USA due to the difficult epidemiological situation in the country.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is widening from above, clearing the way for the "bulls" to new all-time highs and the target level of 2000.00. MACD indicator is growing preserving a weak buy signal (located above the signal line). For a long time now, Stochastic has been near its highs, trying to reverse into a downward plane. As before, the indicator points at the greatly overbought instrument in the ultra-short term.

It is necessary to wait for clarification of the situation in the market to open new positions. Some of the long positions should be kept for some time.

Resistance levels: 1980.84, 2000.00.

Support levels: 1955.00, 1935.00, 1910.00, 1895.06.





Trading tips

To open long positions, one can rely on the breakout of 1980.84. Take-profit – 2000.00. Stop-loss – 1970.00. Implementation time: 1-2 days.

The breakdown of 1935.00 may serve as a signal to new sales with the target at 1895.06. Stop-loss – 1955.00. Implementation time: 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 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.
 
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