NPBFX - making money with us since 1996!

[Antony_NPBFX]

USD/JPY: USD remains under pressure 28.07.2021

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 demonstrates flat trading dynamics against JPY in trading in Asia, consolidating after a significant decline the day before, which, among other things, was due to the publication of disappointing macroeconomic statistics from the US, which significantly reduced expectations that the US Fed will take a tougher position on the curtailment of existing economic incentives.

Today the market's attention is focused on the publication of the minutes of the two-day meeting of the Fed. The tension is very high, so even a hint of a possible reduction in the quantitative easing program will be enough for USD to renew a number of local highs. The neutral position of the regulator, in turn, is unlikely to provoke a new wave of sales, but there are enough reasons for negativity without it. In particular, traders are watching an increase in the incidence in the US, which is updating spring highs, despite a fairly active vaccination campaign. However, the most active increase in the number of cases of infection occurs in the southern and eastern states, where the percentage of the vaccinated population is the lowest.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. 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). The indicator is trying to consolidate below the zero level. Stochastic shows a more confident decline and signals in favor of further development of "bearish" dynamics in the ultra-short/short term.

Resistance levels: 110.00, 110.38, 110.68, 111.00.
Support levels: 109.57, 109.29, 109.00.

Trading tips

The breakdown of 109.57 may serve as a signal to new sales with target at 109.00. Stop-loss – 109.80. Implementation time: 1-2 days.

To open long positions, one can rely on the breakout of 110.00. Take-profit – 110.68. Stop-loss – 109.70.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: dollar renews one and a half month lows 30.07.2021

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

Today during the Asian session, the USD/CHF pair slightly grows, consolidating after an active decline throughout the week, which led to the renewal of local lows of June 16.

On Thursday, the US currency received a strong impetus for new sales amid the publication of disappointing national macroeconomic statistics on GDP dynamics and Initial Jobless Claims. The data indicated a noticeable slowdown in the growth rate of the US economy, which, in turn, allows the US Federal Reserve to maintain its ultra-soft monetary policy.

On Friday, traders are focused on the US statistics on the dynamics of personal income and spending for June. Expenditures are expected to pick up markedly, while income declines should slow on the back of a modest improvement in the labor market. Also, the Chicago PMI for July and the University of Michigan Consumer Confidence Index for the same period will be released during the day.

Support and resistance

On the daily chart, Bollinger bands slightly decline. The price range actively expands but not as fast as the “bearish” sentiments develop. The MACD indicator falls, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, having reached its lows, reversed into a horizontal plane, indicating that the dollar is oversold in the super short term.

Resistance levels: 0.9100, 0.9128, 0.9161, 0.9200.
Support levels: 0.9050, 0.9000, 0.8960.

Trading tips

Long positions may be opened after the rebound from 0.9050 and the breakout of 0.9100 with a target at 0.9200. Stop loss – 0.9050. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 0.9050 with the target at 0.8960. Stop loss – 0.9100.

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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP retreats from local highs 02.09.2021

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 ambiguously against USD during today's morning session, consolidating after last Friday's fall. The instrument showed a correctional decline at the end of last week, which was marked by a significant increase in GBP against the background of weak USD positions.

GBP is further supported by the improvement in the epidemiological situation in the UK, although more recently there was a record increase in the number of new cases of coronavirus infection. At the same time, it should be noted that all restrictive measures have been almost completely canceled in the country.

Today, investors are focused on the statistics from ISM and Markit on the levels of business activity in the manufacturing sector in the UK and the US. In addition, market participants are gradually preparing for the meeting of the Bank of England, which will be held on August 5.

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 indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic, having retreated from its highs develops corrective dynamics, signaling in favor of the development of a "bearish" trend in the short and/or ultra-short term.

The downtrend may emerge in the near future.

Resistance levels: 1.3960, 1.4000, 1.4050.
Support levels: 1.3900, 1.3857, 1.3800, 1.3750.

Trading tips

To open new short positions, one can rely on the breakdown of 1.3900. Take-profit – 1.3800. Stop-loss – 1.3950. Implementation time: 1-2 days.

A rebound from 1.3900 as from support followed by a breakout of 1.3960 may become a signal for new purchases with the target at 1.4050. Stop-loss – 1.3910.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Results of the May’s Battle of Traders: 100% of profitable trades and the best traders of the month

In the May’s Battle of Traders, 1,772 participants fought for the main prize. More than a hundred trading instruments, dozens of strategies, trande volumes from 0.01 to 50 lots - the participants of the Battle of Traders used, without exaggeration, all methods to win! Who entered the top 10 winners, which trading account took the 1st place and what were the records of this Battle? We present an overview of the May’s Battle.

Let’s start with the leader of the rating for this month - a trader with the nickname Svetlik (account no. 263751) managed to increase the starting capital by almost 24 times! At the same time, the trader’s portfolio was quite diverse - S&P500 index, currency pairs and silver. The most profitable trade with S&P500 index brought a profit of $32,280 in just two days. An impressive result, congratulations!

A trader under the nickname Hdhead (account no. 262247) became the record holder for the number of closed trades among the top winners, he made 509 transactions to take the 3rd position of the rating. This number of transactions is a result of the trader’s strategy. All of the trades of participant were fairly short-term. The portfolio was based on indices and gold, but there were also some currency pairs.

An interesting fact: a trader with the nickname AASFX who opened almost 8000 transactions became the absolute record holder for the number of transactions this month! Unfortunately, the trader did not manage to become a prize-winner. Conversely, it took only 17 transactions for the trader with the nickname Harrier (account No262695) to occupy the 9th place on the list of winners.

3-5 profitable trades in a row can be attributed to the pure luck. But in the case when 15-65 transactions are profitable, there is a sound reason to talk about professionalism and successful proven trading strategy. In May, there were three such trading accounts in the top ten at once: traders under the nicknames Harrier, paxan and Raser made 100% profitable closing! Monitoring the Battle will help you to study the details of their trading in details. Statements with the history of each transaction are available on the official webpage of NPBFX.

Participants with the nicknames Svetlik, zagkaa79, Hdhead, HOODfx, paxan, Raser, taof03, Exceltradez, Harrier, BABUL became the best traders according to the results of the May’s Battle. They won prize fund of $ 2,500! All the prizes are already credited to their real trading accounts with NPBFX.

Congratulations to the winners and thanks to the traders who took part in the May’s Battle!

Every month the Battle of Traders gives traders the opportunity to win a real deposit and the super prize – iPhone 12 PRO. To enter top ten winners you only need to close the required minimum of 10 trades and show the best growth rate on a contest demo account among all Battle’s participants of the month.

The Battle of Traders from NPBFX is your chance to make money without risks and your own investments!

Registration for the Battle is available here.

 

[Antony_NPBFX]

EUR/USD: EUR remains under pressure 06.08.2021

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 declining against USD during the Asian session, updating local lows since July 28 and preparing to end the week with a moderate decline. However, market activity will remain strong as investors focus on the July US labor market report due today.

Attention to the upcoming publication has been increased in part because the US Federal Reserve Vice-Chair Richard Clarida said earlier that the regulator could begin to cut stimulus as early as this year if the pace of economic recovery does not slow down amid rising incidence of coronavirus. It is also worth noting that traders were somewhat disappointed with the ADP report on private sector employment, which reflected a sharp slowdown in the growth of new jobs in July from 680K to 330K, which did not meet the optimistic forecasts and expectations.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD reversed into a descending plane, having formed a weak sell signal (located below the signal line). Stochastic retains steady downward direction but is located in close proximity to its lows, which indicates the risks of oversold EUR in the ultra-short term.

Resistance levels: 1.1849, 1.1900, 1.1950.
Support levels: 1.1800, 1.1751, 1.1700.

Trading tips

To open new short positions, one can rely on the breakdown of 1.1800. Take-profit – 1.1700. Stop-loss – 1.1849. Implementation time: 1-2 days.

The return of the "bullish" trend to the market with the breakout of 1.1849 may become a signal for new purchases with the target of 1.1950. Stop-loss – 1.1800.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: consolidation at local highs 09.08.2021

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 shows a slight decline against JPY in trading during the morning session, retreating from local highs since July 27, which were updated at the end of last week amid the publication of a strong report on the US labor market for July. In particular, the American economy created 943K new jobs outside the agricultural sector, significantly exceeding market forecasts. It should be noted that this happened against the background of a sharp decline in the unemployment rate by 0.5% to 5.4%. Average Hourly Earnings in July also increased by 4.0% YoY from 3.7% YoY in June, while the forecasts assumed an increase of only 3.8% YoY.

Today, investors do not expect new drivers to appear on the market, and interesting macroeconomic statistics from Japan will appear only on Tuesday, when the July data on the dynamics of bank lending is released. In addition, analysts will pay attention to the Eco Watchers Surveys, which help assess the short-term and ultra-short-term outlook for the Japanese economy.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD indicator is growing preserving a stable buy signal (located above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought USD in the ultra-short term.

Resistance levels: 110.38, 110.68, 111.00, 111.34.
Support levels: 110.00, 109.57, 109.29, 109.00.

Trading tips

To open long positions, one can rely on the breakout of 110.38. Take-profit – 111.00. Stop loss – 110.00. Implementation time: 1-2 days.

A rebound from 110.38 as from resistance followed by a breakdown of 110.00 may become a signal for new sales with the target at 109.29. Stop-loss – 110.38.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: US dollar ends the week with strong growth 13.08.2021

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

Today, during the Asian session, the USD/CHF pair moves ambiguously, consolidating near the level of 0.9230 and the local highs of July 8.

The American currency is still in active demand against the background of the improving macroeconomic background in the United States. In particular, traders are analyzing last week's strong labor market report for July. Analysts believe that strong statistics will allow the US Federal Reserve to start tightening monetary policy somewhat faster than previously expected. However, given the inertia of the American regulator, it should not be ruled out that officials will not rush to take new measures until the next calendar year.

Investors are following US President Joe Biden's proposals to modernize the country's infrastructure worth $3.5T. The bill was approved by the Senate earlier in the week and is now due in the House of Representatives.

Support and resistance

Bollinger bands are actively growing on the daily chart. The price range is widening, letting the "bulls" renew local highs around 0.9300. The MACD indicator is going upwards, maintaining a solid buy signal (the histogram is above the signal line). Stochastic reached its highs and reversed into a horizontal plane, indicating that USD is strongly overbought in the ultra-short term.

Resistance levels: 0.9241, 0.9273, 0.9300.
Support levels: 0.9200, 0.9161, 0.9128, 0.9100.

Trading tips

Long positions may be opened after the breakout of 0.9241 with the target at 0.9300. Stop loss – 0.9200. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 0.9241 and the breakdown of 0.9200 with the target at 0.9128. Stop loss – 0.9241.

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

You can learn more about the current situation on USD/CHF 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 USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: US dollar shows moderate growth 16.08.2021

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 grows moderately, recovering from a slight decline at the end of last week.

On Friday, USD came under significant pressure after the release of disappointing macroeconomic statistics from the US. So, at the end of August, the consumer confidence index, calculated by the University of Michigan, fell from 81.2 to 70.2 points, which was the lowest value since 2011. Analysts fear that low consumer activity could lead to a noticeable slowdown in the recovery of the American economy, which will provide an additional opportunity for the US Federal Reserve to keep the current monetary policy unchanged.

On Monday, the investors are focused on Canadian statistics on the dynamics of wholesale sales and the volume of industrial sales for June. In the USA, the Manufacturing PMI of the Federal Reserve Bank of New York for August will be released. Analysts' forecasts regarding American statistics are very negative again.

Support and resistance

On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range remains virtually unchanged and spacious enough for the current level of market activity. The MACD indicator reversed upwards and tries to form a new buy signal (the histogram should be above the signal line). Stochastic shows a similar picture, reversing upwards near the level of 20. The current readings of the indicator do not contradict the development of an upward correction in the ultra-short term.

Resistance levels: 1.2554, 1.2600, 1.2650, 1.2700.
Support levels: 1.2500, 1.2439, 1.2400, 1.2352.

Trading tips

Long positions may be opened after the breakout of 1.2554 with the target at 1.2650. Stop loss – 1.2500. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1.2554 and the breakdown of 1.2500 with a target at 1.2400. Stop loss – 1.2554.

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/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

“You need to wait for your perfect trade and stick to the strategy”. Introducing an interview with the winner of the May’s Battle of Traders

Women’s trading in May proved its effectiveness again – the victory in the Battle of Traders was taken by a woman – Svetlana Surgai from Kharkiv. She was attracted to financial markets primarily by her interest and also by the opportunity to gain additional income. She mastered Forex trading on her own, improving her medium-term strategy on a demo account. Svetlana honestly admitted that she was dreaming to win a super prize in the Battle - iPhone 12 Pro, but she also considered the 1st place and $1000 accrued on her real trading account an excellent result. Indeed, this is the time when the figures speak for themselves: 22 out of 23 transactions on the account closed by Svetlana were profitable! She mastered to trade with chosen instruments, and actively used monitoring to increase the growth on the trading account. It was an incentive and made the Battle more exciting. Which assets does Svetlana advise to use in the future, why does she not trade cryptocurrencies, and what character traits does she consider to be decisive for be a successful Forex trader? Read the answers to these and other questions in an interesting interview with the winner.

- Svetlana, please tell us how you learned about the Battle of Traders and why you decided to take part in it?

- I found out in the Internet, there was some kind of an ad. I have already participated several times, but now it’s the first time I won. Why I'm participating? Your conditions are excellent, the prize is substantial, the time interval is good – a month. You can win a phone. Everything is fine with you, why not participate.

- What did you feel when you learned that it was your trading account that took the first place? Did you share the news on your victory with someone?

- It was so unexpected! On Friday morning I checked monitoring of the contest and it turned out that I was the first, but it was very unexpected and very pleasant, sure. Honestly, I did not share the news with anyone, because the money were not yet credited to the account. Actually, I don’t have anyone to share with, because I do not spread information on trade with anyone. This field is not interesting to my closest ones, and there are no like-minded people around me, let’s say.

If I win real money on a real account, then of course I will share.

- How long did it take you to register for the Battle of Traders?

- There is very convenient registration form, so it took less than a minute. Nothing complicated, everything is clear. Everything is fine.

- Did you achieve the goals that you set for the Battle?

- I was dreaming, of course, about iPhone. I don't have iPhone. But this is also an excellent result, because I have recently been engaged in trade - in general, for three years. This is the first time there has been such a substantial prize.

- Your trading result in May can be called excellent! The initial deposit of $5000 on your contest account has grown 23 times (up to $117 617)! What is the essence of your trading strategy? Please tell us more details.

- I use mainly the margin zones strategy. It allows you to determine the medium-term trend and reversal, the zone of profitable buys or sells. I am using a medium term strategy. The duration of the Battle – one month – allows me to apply it.

- Your trading portfolio consisted of 4 instruments: silver, two currency pairs (euro/dollar, pound/dollar) and S&P500 index. Why did you choose such instruments for trading?

- Yes, Yes and absolutely Yes. These are volatile instruments, low spreads, and they can be predicted. This is what I can do: I chose the instruments I used before.

- Do you have any experience with cryptocurrencies: bitcoin, ethereum, litecoin?

- No, I don’t have such experience. I still need to figure it out. To be honest, I have no clue about cryptocurrency. But if you can make money on it, of course, it is interesting.

- During the Battle, you made 23 transactions. And only one of them was not with profit, the remaining 22 turned out to be profitable. How did you manage your transactions so accurate? Do you use technical analysis, indicators or do you focus on fundamental analysis?

- I don't use technical analysis. I check reviews on Internet, use the advice of one analyst. I do not use indicators myself. I look through market news, but it does not affect the decision-making.

- What can you say about trading conditions with NPBFX?

- Your trading conditions are excellent! Low spreads, trades are executed in less than a second, good trading terminal. Well, everything is fine with you, I like everything.

- During the Battle, did you refer to the monitoring of all participants' accounts? How useful was it to you?

- Yes of course! I wonder where I am. Of course I monitored. It gives an incentive, adds excitement. How can you not look ?!

- Did you manage to get acquainted with our other services: Analytical portal, promotions and bonuses?

- I looked, but I don't have real money for all this yet, so I am just a window-shopper for now.

- Over the past few months, the global economy has headed for a recovery from the coronavirus crisis. Does Forex market somehow change due to this, in your opinion?

- In principle, it is always changing, it seems to me. With the coronavirus, the global economy collapsed. To be honest, in my practice I do not trace the impact of the coronavirus on trade, I don’t know. But, of course, since the coronavirus has affected the global economy, it probably also affected Forex trading.

- What advice could you give to traders for the next few months: which assets are better to trade, which strategies to use?

- Use the same volatile currencies. This, probably, is clear for every trader. Each has its own, each has its own approach, its own strategy. It is difficult to advise, I think every trader has already developed own strategy.

- $ 1000 is already credited to your real trading account with NPBFX. Are you planning to conduct the same trading on it as on a demo account in the Battle?

- Thank you! No, on a real account, probably, there will be no such excitement, here it is already more careful, of course, more restrained, you need to reduce the risks. The more you risk, the more you can earn, but you can still lose. You can be lucky or not.

- Svetlana, tell us a little about your career: what brought you to Forex - was it accidentally or was it a deliberate choice? How long have you been trading Forex?

- In Ukraine, a few years ago, probably the same three years ago, there was widespread Forex advertising campaign. I heard people make money on it. I was just interested how to earn extra money. Gradually, I somehow started with demo accounts, just to try.

- How did you study? Perhaps you attended courses, webinars or studied trading on your own from books and videos?

- Yes, I studied everything on my own. There is a lot of information on Internet.

- What character traits should a trader have in order to become a professional in Forex and achieve financial success?

- Calmness, of course, perseverance, endurance, the ability to wait for your trade and strictly adhere to the strategy.

- What is your work outside of trading, what do you do?

- I worked in a local government authority, but I quit, I’m looking for a job.

- Please tell me, where are you from, what is the name of the city where you live? Are you a family woman, what are your hobbies?

- Ukraine, Kharkiv. I am 37 years old, I am not married, my hobby is swimming, and, probably, nothing else. Actually, trade is my hobby as well.

- How widespread is Forex trading in Kharkiv, in your opinion? Are there any traders among your acquaintances?

- I have no traders among my acquaintances. It's hard to say how widespread it is in Kharkov. At the same time, there are a lot of advertisements about Forex in Ukraine, yes.

- Svetlana, would you advise your friends and acquaintances to participate in the Battle of Traders? Why?

- Of course I will, yes. I simply do not have such friends who would be interested in this. If I make real money, then, of course, they will be interested.

- What would you like to wish NPBFX and the participants of the next Battle of Traders?

- First, I want to thank your company for an excellent competition. I hope you can continue to work stably on the Forex market! I wish all traders to stay on the market as long as possible, not to lose. And the profit, I hope, will come soon.

- Thank you for participating in the competition and answering the interview questions. And may trading on NPBFX real account be as successful as on your contest account in May!

 

[Antony_NPBFX]

NZD/USD: NZD remains under pressure 20.08.2021

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

NZD is trading ambiguously against USD during today's Asian session, holding at 0.6830. Investors are looking for new drivers for growth, but no significant macroeconomic statistics are expected at the end of this week.

Meanwhile, USD continues to receive support from the minutes of the meeting of the Federal Open Market Committee, which reflected the willingness of the US Fed to move towards reducing existing incentives, in particular, curtailing the quantitative easing program. So far, the committee members cannot come to a consensus on the timing of the start of monetary tightening, but the trend is quite definite.

In turn, the pressure on NZD positions is exerted by a more active than expected slowdown in the growth of the Chinese economy, as well as the existing risks of the return of quarantine restrictions in several regions of the world. In New Zealand itself, a nationwide quarantine was announced this week in response to just one detected case of infection.

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, having approached its lows, reversed into a horizontal plane, which signals in favor of the emergence of corrective growth of NZD 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: 0.6858, 0.6900, 0.6950, 0.7000.
Support levels: 0.6800, 0.6741, 0.6707.

Trading tips

To open new short positions, one can rely on the breakdown of 0.6800. Take-profit – 0.6707. Stop-loss – 0.6858. Implementation time: 1-2 days.

A rebound from 0.6800 as from support followed by a breakout of 0.6858 may become a signal for new purchases with the target at 0.6950. Stop-loss – 0.6800.

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 NZD/USD and trade efficiently with NPBFX.