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[Antony_NPBFX]

EUR/USD: EUR consolidates in anticipation of new drivers 15.09.2021

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 shows insignificant growth against USD during today's Asian session, consolidating near the level of 1.1800. The day before, EUR/USD failed to record positive dynamics, despite the fact that during the day the "bulls" clearly dominated the market.

EUR quotes failed to show growth even against the background of weak data from the US, which significantly reduced expectations of active actions from the US Fed aimed at tightening monetary policy until the end of this year. Consumer Price Index excluding Food and Energy, slowed down in August from +0.3% MoM to +0.1% MoM, which was worse than projected. In annual terms, the index slowed down from +4.3% YoY to +4.0% YoY against a forecast of +4.2% YoY. The inflation rate dropped to the lowest level in the last 6 months, which may signal that prices are going to a certain plateau as economic activity in the country recovers.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having rebounded from the level of "20", reversed towards growth, signaling in favor of the development of corrective dynamics in the ultra-short term.

Resistance levels: 1.1850, 1.1900, 1.1950, 1.2000.
Support levels: 1.1800, 1.1769, 1.1741, 1.1700.

Trading tips

To open long positions, one can rely on the rebound from the support level of 1.1800 with the subsequent breakout of 1.1850. Take-profit – 1.1950. Stop-loss – 1.1800. Implementation time: 2-3 days.

The breakdown of 1.1769 may serve as a signal to new sales with the target at 1.1700. Stop-loss – 1.1800.

Use more opportunities of the NPBFX analytical portal: economic calendar

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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]

Brent Crude Oil: prices are holding near $75 per barrel 17.09.2021

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

Brent Crude Oil prices are showing ambiguous dynamics, trading near $75 per barrel.

Yesterday, the instrument moderately declined in response to USD growth and the reduction of risks related to the slow recovery of oil production in the Gulf of Mexico. Utilities were impacted by Hurricane Nicholas, which hit Texas earlier this week.

The quotes were supported this week by the data on the dynamics of oil reserves in American warehouses. So, for the week of September 10, the US Department of Energy reported a sharp decrease in the indicator by 6.422M barrels after a decrease by 1.529M barrels over the previous period. Also, the asset is responding positively to the moderate recovery in demand. International reports show that global energy consumption is approaching 100M barrels per day, the highest since 2019.

Support and resistance

Bollinger bands grow steadily on the daily chart. The price range expands but not as fast as the “bullish” activity develops. MACD grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic approached its highs, and reversed into a horizontal plane, signaling that the instrument is strongly overbought in the ultra-short term.

A correctional decline may develop in the nearest time intervals.

Resistance levels: 75.63, 77.00, 78.28.
Support levels: 74.00, 73.00, 71.80, 71.00.

Trading tips

Long positions may be opened after the breakout of 75.63 with the target at 78.28. Stop loss – 74.00. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 75.63 and the breakdown of 74.00 with the target at 71.80. Stop loss – 75.63.

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[Antony_NPBFX]

USD/JPY: USD is testing the level of 110.00 again 20.09.2021

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 is trading ambiguously against JPY in Asia, consolidating near strong resistance at 110.00. Last Friday, USD made unsuccessful attempts to test this level, but at that moment it did not have enough "bullish" potential.

Among other things, the stats on the level of consumer confidence put pressure on the positions of USD. Michigan Consumer Sentiment Index in September rose from 70.3 to 71 points, which was significantly worse than the forecasts at 72.2 points.

Today, noteworthy publications of macroeconomic statistics are not expected, however, on Wednesday the activity in the market may sharply increase, since the meetings of the Bank of Japan and the US Federal Reserve are scheduled for that day.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly narrowing from above, being spacious enough for the current activity level in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic grows more actively but is rapidly approaching its highs, which reflects risks of the overbought USD 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: 110.00, 110.29, 110.68, 111.00.
Support levels: 109.57, 109.34, 109.00, 108.71.

Trading tips

To open long positions, one can rely on the breakout of 110.00. Take-profit – 110.68. Stop-loss – 109.70. Implementation time: 2-3 days.

The rebound from 110.00 as from resistance, with the subsequent breakdown of 109.57, can become a signal to new sales with target at 109.00. Stop-loss – 109.80.

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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]

Brent Crude Oil: quotes are developing a "bullish" momentum 23.09.2021

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

Prices for Brent Crude Oil rose moderately during the morning session on September 22, developing the uncertain "bullish" momentum that had formed yesterday.

Market activity remains subdued, as traders are in no hurry to open new positions ahead of the publication of the long-awaited minutes of the US Federal Reserve meeting. The American regulator is expected to start timing the reduction of the quantitative easing (QE) program and renewed forecasts for economic growth soon.

The American Petroleum Institute (API) report on oil reserves, published on Tuesday, moderately supported the asset. For the week of September 17, stocks in US warehouses fell by 6.108M barrels after falling by 5.437M barrels in the previous period. This reduction was the most significant since July this year.

Support and resistance

On the daily chart, Bollinger bands grow moderately. The price range expands while remaining spacious enough for the current level of market activity. MACD indicator smoothly reverses into an ascending plane, maintaining the previous sell signal (the histogram is below the signal line). Stochastic shows a more confident decline, being 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: 75.63, 77.00, 78.28, 79.26.
Support levels: 74.00, 73.00, 71.80, 71.00.

Trading tips

Long positions may be opened after the breakout of 75.63 with the target at 78.28. Stop loss 74.50. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 75.63 and the breakdown of 74.00 with the target at 71.80. Stop loss — 75.63.

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]

EUR/USD: EUR is trying to recover at the end of the week 24.09.2021

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 shows mixed trading dynamics against USD during the Asian session, consolidating after a significant increase the day before, when EUR managed to retreat from its local lows since August 20. The development of the upward dynamics for the instrument was largely facilitated by technical factors, while the fundamental picture changed insignificantly. In addition, a rather weak statistics on business activity in the US put pressure on USD yesterday.

However, the European data was not much better. Markit Manufacturing PMI in Germany in September fell from 62.6 to 58.5 points, while forecasts suggested a decrease in the indicator to 61.5 points. A similar indicator in the services sector fell from 60.8 to 56 points, which also turned out to be worse than market expectations at 60.2 points. The Composite PMI in September fell from 60 to 55.3 points against the forecast at 59.2 points. Investors are now focusing on the IFO Business Optimism report in Germany for September.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic is showing similar dynamics, retreating from its lows, indicating the oversold EUR in the ultra-short term.

Resistance levels: 1.1754, 1.1800, 1.1850, 1.1900.
Support levels: 1.1700, 1.1657, 1.1600, 1.1546.

Trading tips

To open long positions, one can rely on the breakout of 1.1754. Take-profit – 1.1850. Stop-loss – 1.1700. Implementation time: 1-2 days.

A rebound from 1.1754 as from resistance, followed by a breakdown of 1.1700 may become a signal for new sales with the target at 1.1600. Stop-loss – 1.1754.

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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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: Bank of England's rhetoric became GBP growth driver 27.09.2021

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 near 1.3720.

Last Friday, GBP showed a confident uptrend, having won back part of its losses in the week, which was caused by the growth of corrective sentiment on USD. Also, noticeable support for GBP was provided by the results of the meeting of the Bank of England, since two members of the regulator's board spoke in favor of tightening monetary policy by reducing the volume of the quantitative easing program.

In turn, the macroeconomic background on Friday changed insignificantly. Gfk Consumer Confidence index in the UK in September fell from –8 to –13 points, while analysts expected the situation to improve and the indicator to rise to –7 points.

Today, investors are focused on macroeconomic statistics from the US on the dynamics of Durable Goods Orders for August. Market experts are counting on a noticeable increase in indicators, which may provide additional support to USD.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is slightly changing, being spacious enough for the current activity level in the market. MACD is trying to reverse to growth forming a new buy signal (located above the signal line). Stochastic is showing similar dynamics being located in the middle of its area.

The development of an upward corrective trend is possible in the near future.

Resistance levels: 1.3750, 1.3800, 1.3857, 1.3900.
Support levels: 1.3700, 1.3650, 1.3600, 1.3552.

Trading tips

To open long positions, one can rely on the breakout of 1.3750. Take-profit – 1.3857. Stop-loss – 1.3700. Implementation time: 2-3 days.

A rebound from 1.3750 as from resistance followed by a breakdown of 1.3700 may become a signal for new sales with the target at 1.3600. Stop-loss – 1.3750.

Use more opportunities of the NPBFX analytical portal: glossary

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[Antony_NPBFX]

EUR/USD: European currency remains under pressure 29.09.2021

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

During the Asian session, the EUR/USD pair shows ambiguous dynamics, consolidating at 1.1700.

USD grows due to the "hawkish" rhetoric of the US Federal Reserve officials. Investors hope that the regulator may announce the start of curtailing the quantitative easing (QE) program as early as November 3. Labor market indicators are fairly stable, but inflationary pressures continue to grow. These factors can be a catalyst for a positive decision to start reducing incentives.

In turn, the results of the speech of the head of the European Central Bank (ECB), Christine Lagarde, had moderate pressure on the euro on Tuesday. Among other things, she noted that inflation in the EU shows no signs of widespread growth. The market perceived this statement as the agency's unwillingness to rush to curtail the existing measures to support the economy.

Support and resistance

On the daily chart, Bollinger Bands steadily decline. The price range narrows, reflecting the emergence of ambiguous trading dynamics in the short term. MACD also rushed downwards, maintaining a poor sell signal (the histogram is below the signal line). Stochastic, which reversed downwards at the beginning of the week, rapidly approaches its lows, indicating that EUR may become oversold in the ultra-short term.

Resistance levels: 1.1700, 1.1754, 1.1800, 1.1850.
Support levels: 1.1650, 1.1600, 1.1546, 1.1500.

Trading tips

Long positions can be opened after the breakout of 1.1700 with the target at 1.1800. Stop loss – 1.1650. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of 1.1650 with the target at 1.1546. Stop loss – 1.1700.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR is preparing to end the week with a decline 01.10.2021

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 demonstrates flat trading dynamics against USD during the Asian session, consolidating near new local lows since July 23, 2020, updated the day before. The instrument is trading near 1.1575, trying to go into corrective growth after a whole week of failures. One of the factors that would contribute to the recovery of EUR may be statistics from the eurozone on inflation. Analysts expect the September consumer price data to show moderate growth from 3% to 3.3%, raising hopes for possible monetary tightening by the European Central Bank (ECB) in the foreseeable future.

The data released yesterday in Germany turned out to be ambiguous. The Unemployment Rate in the country remained at 5.5% in September, while the Unemployment Change fell by 30K (in August, the decline was 53K). At the same time, the Consumer Price Index showed zero dynamics in September, while the annualized Harmonized Index of Consumer Prices accelerated from +3.4% to +4.1% YoY.

Support and resistance

Bollinger Bands on the daily chart are showing a steady decline. The price range is expanding, but fails to keep pace with the development of the “bearish” trend at the moment. The MACD indicator is going down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, having reached its lows, reversed into a horizontal plane, indicating the risks of EUR being oversold in the ultra-short term.

Resistance levels: 1.1600, 1.1650, 1.1700, 1.1754.
Support levels: 1.1546, 1.1500, 1.1460, 1.1400.

Trading tips

To open long positions, one can rely on the rebound from 1.1546 as from support, followed by a breakout of 1.1600. Take-profit – 1.1700. Stop-loss – 1.1546. Implementation time: 2-3 days.

A confident breakdown of 1.1546 may become a signal for new sales with the target at 1.1460. Stop-loss – 1.1600.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: statistics from Japan could not support quotes 04.10.2021

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 corrective gains against JPY in Asian trading, again trying to consolidate above the psychological level of 111.00.

USD retreated from record highs since February 2020 last week after a strong rally fueled by the growing confidence of traders that the US Fed will resort to reducing the quantitative easing program before the end of this year. In addition, investors avoided unnecessary risks associated with the Japanese prime minister's election, which was won by the leader of the Liberal Democratic Party, Fumio Kishida, who now has to determine the composition of the government.

Last Friday's macroeconomic statistics from Japan was moderately optimistic. Tankan Large Manufacturing index increased from 14 to 18 points in Q3 2021, while analysts expected it to decline to 13 points. Consumer Confidence Index in September strengthened from 36.7 to 37.8 points, which also turned out to be better than investors' forecasts at 37 points. The Unemployment Rate in August remained at 2.8%, contrary to forecasts of growth to 2.9%.

Support and resistance

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

Resistance levels: 111.10, 111.34, 111.70, 112.00.
Support levels: 110.87, 110.68, 110.29, 110.00.

Trading tips

To open long positions, one can rely on the rebound from the support level of 110.87 with the subsequent breakout of 111.10. Take-profit – 111.70. Stop-loss – 110.87. Implementation time: 1-2 days.

The breakdown of 110.87 may serve as a signal to new sales with the target at 110.29. Stop-loss – 111.20.

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]

EUR/USD: EUR returns to local lows 06.10.2021

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 showing a moderate decline against USD during the Asian session, returning to local lows and testing the level of 1.1600 for a breakdown.

Investors are again actively buying USD after an attempt at correction at the end of last week, when trading participants preferred to close a significant part of long positions in USD, fixing profits. USD, as before, is supported by expectations of the imminent start of tightening of monetary policy by the US Fed, while the European Central Bank (ECB) is still taking a wait-and-see attitude. The growth of fears about the prospects for further recovery of the world economy is also having an effect.

Macroeconomic statistics from Europe published yesterday turned out to be mixed. Markit Services PMI in the eurozone in September grew insignificantly from 56.3 to 56.4 points with a neutral forecast. The Composite PMI also recorded the minimum increase from 56.1 to 56.2 points over the same period.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD returns towards declining preserving a buy signal (located above the signal line). Stochastic is showing more confident growth and has not yet responded to the resumption of the decline in the instrument over the past few days.

Resistance levels: 1.1600, 1.1650, 1.1700, 1.1754.
Support levels: 1.1546, 1.1500, 1.1460, 1.1422.

Trading tips

To open new short positions, one can rely on the breakdown of 1.1546. Take-profit – 1.1460. Stop-loss – 1.1600. Implementation time: 1-2 days.

A rebound from 1.1546 as from support followed by a breakout of 1.1600 may become a signal for new purchases with the target at 1.1700. Stop-loss – 1.1546.

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 EUR/USD and trade efficiently with NPBFX.