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Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
747
USD/CAD: the US dollar remains under pressure 10.01.2022

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

During the Asian session, the USD/CAD pair shows ambiguous trading dynamics, consolidating near the level of 1.2650 around the local lows of December 8.

The American currency remains under moderate pressure after publishing ambiguous statistics on the US labor market for December last Friday. In particular, the number of new jobs amounted to only 199K, having fallen from the previous 249K, although the market forecasts assumed a steady growth of 400K. The published data are slightly at odds with the earlier released minutes of the US Federal Reserve, in which the American regulator tried to take a tougher stance about the reduction of existing incentives.

In turn, the corresponding Canadian report, published at the same time as the American one, was a little more optimistic. The employment indicator for December slowed down from 153.7K to 54.7K but was much better than experts' expectations of 27.5K. At the same time, the unemployment rate, as in the case of the United States, fell from 6% to 5.9%.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range expands but not as fast as the "bearish" dynamics develop. The MACD indicator is going down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic maintains a confident downward trend, but it is near its lows, signaling the dollar may become oversold in the ultra-short term.

Resistance levels: 1.2700, 1.2743, 1.2777, 1.2812.
Support levels: 1.2600, 1.2558, 1.2500, 1.2450.

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Trading tips

Long positions may be opened after the breakout of 1.2700 with the target at 1.2812. Stop loss – 1.2640. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 1.2600 with the target at 1.2500. Stop loss – 1.2650.

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

NPBFX Representative (unconfirmed)
Messages
747
GBP/USD: the pound is updating November highs 12.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The pound is trading upward against the US currency during the morning session, renewing new local highs from November 4 and testing 1.3645 for a breakout.

Significant support for the instrument is still provided by the expectations of a further increase in interest rates from the Bank of England, which is still ahead of the US Fed, having adjusted its monetary policy in December. In addition, investors are positive about the success of the British government in overcoming the next wave of coronavirus. The country has managed to avoid the return of large-scale restrictions, while, despite high incidence rates, the UK has not faced an overload of the health care system due to high herd immunity and low fatality of the Omicron strain.

But the macroeconomic statistics from the UK published yesterday left much to be desired. BRC Like-For-Like Retail Sales fell sharply from 1.8% to 0.6%, which turned out to be worse than analysts' average forecasts. At the end of the week, investors expect the publication of a large block of macroeconomic statistics from the UK on the dynamics of GDP and industrial production in November.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into a horizontal plane, indicating strongly overbought GBP in the ultra-short term.

Resistance levels: 1.3650, 1.3700, 1.3750, 1.3800.
Support levels: 1.3600, 1.3550, 1.3500, 1.3460.

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Trading tips

To open long positions, one can rely on the breakout of 1.3650 with the target at 1.3750. Stop-loss – 1.3600. Implementation time: 1-2 days.

A rebound from 1.3650 as from resistance, followed by a breakdown of 1.3600 may become a signal for new sales with the target at 1.3500. Stop-loss – 1.3650.

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 GBP/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
747
EUR/USD: euro updates local highs of November 11 14.01.2022

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

The European currency shows a moderate increase against the US dollar during the Asian session, ending the week with growth. The instrument is testing 1.1470 for a breakout, updating the local highs of November 11.

Before the end of the day, the market will receive quite a lot of noteworthy publications, so the situation may well change; however, judging by the forecasts of investors, the dollar will remain under pressure. In particular, US Retail Sales data for December is expected to reflect a drop in sales volumes from 0.3% to zero levels. At the same time, the Michigan Consumer Sentiment Index may retreat from 70.6 to 70 points.

Investors are looking forward to today's speech by the President of the European Central Bank (ECB), Christine Lagarde, who is likely to pay considerable attention to the growing risks associated with the spread of a new wave of coronavirus cases. The issue of tightening monetary policy in the eurozone is still open.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, is expected to reverse into a horizontal plane, indicating significant risks associated with the euro being overbought in the ultra-short term.

Resistance levels: 1.1500, 1.1534, 1.1572, 1.1600.
Support levels: 1.1460, 1.1422, 1.1400, 1.1363.

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Trading tips

To open long positions, one can rely on the breakout of 1.1500. Take-profit – 1.1600. Stop-loss – 1.1460. Implementation time: 2-3 days.

A rebound from 1.1500 as from resistance, followed by a breakdown of 1.1460 may become a signal for new sales with the target at 1.1363. Stop-loss – 1.1500.

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 AUD/USD, GBP/USD, USD/CHF, USD/JPY. 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
747
GBP/USD: the pound retreated from its local highs for a short time 17.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The British pound traded with rising dynamics against the US currency during the morning session, recovering from the "bearish" correction last Friday. The end of the last trading week was marked by an active rise in the US dollar exchange rate, and there were practically no fundamental reasons for this.

In turn, the macroeconomic statistics from the UK, which appeared last Friday, provided additional support to the pound. UK GDP rose 0.9% in November after rising 0.2% in October. Analysts expected an increase of only 0.4%. The growth rate of Industrial Production for the same period amounted to 1.0%, while the market expected only 0.2%. In October, production volumes showed negative dynamics at the level of –0.5%. In annual terms, however, production slowed down from 0.2% to 0.1%, which was much worse than investors' expectations of growth of 0.5%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowing, staying spacious enough for the current activity level in the market. MACD indicator is declining and is getting ready to form a new sell signal (the histogram should consolidate below the signal line). Stochastic shows a slightly more confident decline, quickly retreating from its highs.

Resistance levels: 1.3700, 1.3750, 1.3800, 1.3833.
Support levels: 1.3650, 1.3600, 1.3550, 1.3500.

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Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3650 with the subsequent breakout of 1.3700 with the target at 1.3800. Stop-loss – 1.3650. Implementation time: 2-3 days.

The breakdown of 1.3650 may serve as a signal to new sales with the target at 1.3550. Stop-loss – 1.3700.

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 GBP/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

NPBFX Representative (unconfirmed)
Messages
747
EUR/USD: European currency remains under pressure 19.01.2022

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

The European currency shows multidirectional trading dynamics against the US dollar during the Asian session, consolidating near 1.1330 after falling on Tuesday. As a result of yesterday's trading, the instrument was actively losing value, despite the fact that macroeconomic indicators contributed to the upward dynamics of risky assets. A study by the Center for European Economic Research (ZEW) recorded an increase in the Economic Sentiment Index in the eurozone in January from 26.8 to 49.4 points, while analysts expected a correction to 26.4 points. The Economic Sentiment Index in Germany for the same period increased from 29.9 to 51.7 points, also ahead of the preliminary estimates of experts at the level of 32.7 points.

Investors today are focused on the statistics on consumer inflation in Germany for December. Market forecasts do not imply significant changes in the pace of price growth in Europe's largest economy; however, traders hope to see evidence of a possible tightening of monetary policy by the European Central Bank (ECB) in the statistics.

Support and resistance

On the daily chart, Bollinger Bands demonstrate the flat trading dynamics. The price range remains virtually unchanged, indicating an approximate balance of power in the short term. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic keeps a steady downward direction but is already approaching its lows, which indicates the risks of oversold euro in the ultra-short term.

Resistance levels: 1.1363, 1.1400, 1.1422, 1.1460.
Support levels: 1.1300, 1.1255, 1.1220, 1.1185.

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Trading tips

To open long positions, one can rely on the breakout of 1.1363 with the target at 1.1460. Stop-loss – 1.1310. Implementation time: 2-3 days.

The breakdown of 1.1300 may serve as a signal to new sales with the target at 1.1220. Stop-loss – 1.1350.

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 AUD/USD, GBP/USD, USD/CHF, USD/JPY. 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
747
AUD/USD: the Australian dollar ends the week with flat dynamics 21.01.2022

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

The Australian dollar, thanks to the active actions of the “bears”, is losing ground at the end of the current trading week, testing the level of 0.7200 for a breakdown. AUD/USD pair is losing ground and moving into the “red” zone, despite the fact that there are not many fundamental reasons for the growth of the American currency. The data released the day before from the US failed to support the “bullish” sentiment of investors in the US currency, neither within the data on Initial Jobless Claims, nor on the statistics of Existing Home Sales.

In turn, on Thursday, the Australian dollar managed to enlist fairly strong support from market participants after the publication of a strong report on the Australian labor market for December. The Employment Change increased by 64.8K jobs, which turned out to be significantly better than market expectations of 30K jobs. At the same time, the Unemployment Rate in the country in December fell to new record lows at around 4.2%, although analysts' forecasts suggested a decline from only 4.6% to 4.5%.

Support and resistance

On the daily chart, Bollinger Bands show flat dynamics. The price range remains virtually unchanged, remaining spacious enough for the current level of activity in the market. MACD is stretching into a line along the zero level, signaling an approximate balance of power between sellers and buyers in the short term. Stochastic is trying to reverse upwards, near the level of “20” and indicating the continuation of the “bullish” momentum since the middle of the week.

Resistance levels: 0.7250, 0.7300, 0.7328, 0.7369.
Support levels: 0.7200, 0.7160, 0.7128, 0.7100.

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Trading tips

To open new sales, one can rely on a confident breakdown of 0.7160 with a target of 0.7100. Stop loss – 0.7200. Implementation period: 1-2 days.

A rebound from the level of 0.7160 as a support, followed by a breakout of 0.7200, may be a signal to open long positions with the target at 0.7250. Stop loss – 0.7175.

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
747
XAU/USD: stabilization after last week's decline 24.01.2022

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 consolidating near the level of 1835.00 after a corrective decline at the end of last week, when the XAU/USD pair retreated from its local highs of November 22.

Significant support for metal quotes is still provided by the risks of the total spread of inflation as the world economy recovers. At the same time, investors are in no hurry to open new long positions in anticipation of the start of the US Federal Reserve's interest rate hike cycle. The first of them may take place as early as March, and four adjustments of the indicator are expected during 2022. Also, in the summer, the regulator may announce the start of a noticeable reduction in its balance sheet.

Gold is also strengthening against the backdrop of ongoing epidemiological risks. The incidence of coronavirus remains quite high, and production continues to face supply chain disruption problems.

Support and resistance

On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range expands above, letting the "bulls" renew local highs.

MACD is growing, keeping a poor buy signal (the histogram is above the signal line). Stochastic reversed at the level of 80 downwards and signals in favor of developing a corrective decline in the next time intervals.

It is better to pay attention to the possibility of downward signals developing in the short and/or ultra-short term.

Resistance levels: 1840.00, 1847.63, 1860.00.
Support levels: 1831.66, 1823.09, 1814.06, 1805.50.

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Trading tips

Long positions may be opened after the breakout of 1840.00 with the target at 1860.00. Stop loss – 1831.66. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1840.00 as a resistance and the breakdown of 1831.66 with the target at 1814.06. Stop loss – 1840.00.

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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.
 
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