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[Antony_NPBFX]

XAG/USD: metal quotes are recovering 13.04.2022

Good afternoon, dear forum visitors!

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

Current trend

Silver prices show a weak increase during the Asian session, retesting the level of 25.50. The instrument has been developing a fairly active uptrend since April 6, retreating from local lows since the end of last month and receiving support from statistics on record inflation in the world. Given the high Consumer Price Index in the US, which reached 8.5% in March, as well as the growing geopolitical uncertainty against the backdrop of the development of the Russian-Ukrainian conflict and severe anti-COVID restrictions in China, the demand for defensive assets remains elevated.

Macroeconomic statistics released the day before showed an increase in annual consumer inflation in the US to 8.5%, which was a new record high for 41 years. At the same time, a sharp tightening of the US Federal Reserve's monetary policy is expected in May: in addition to the expected rate hike by 50 basis points at once, a quantitative tightening program may also be launched to correct its balance.

Additional support for the metal comes from the prospect of a gradual lifting of COVID restrictions in China, while the restoration of industrial activity. The Chinese authorities announced the easing of a number of quarantine measures in parts of Shanghai, which will affect almost 5 million people, since there were no new cases of coronavirus infection over the past two weeks. Silver, unlike gold, is more actively used in industry, and therefore reacts sharply to such factors.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range remains practically unchanged, limiting the development of "bullish" dynamics in the short term. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is already approaching its highs, indicating the risks of overbought instrument in the ultra-short term.

Resistance levels: 25.58, 26.00, 26.27, 26.57.
Support levels: 25.35, 25.00, 24.67, 24.42.

Trading tips

To open long positions, one can rely on the breakout of 25.58 with the target at 26.27. Stop-loss – 25.20. Implementation time: 2-3 days.

A rebound from 25.58 as from resistance, followed by a breakdown of 25.35 may become a signal for opening of new short positions with the target at 24.67. Stop-loss – 25.75.

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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 XAG/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: the pair ends the week with strong growth 15.04.2022

Good afternoon, dear forum visitors!

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

Current trend

The US dollar is testing the level of 0.9430 for a breakout, updating local highs from March 16. The day before, USD/CHF pair showed steady growth, reacting to the results of the meeting on the monetary policy of the European Central Bank (ECB).

As expected, the regulator did not change the monetary policy parameters and kept the rate at zero. At the same time, officials signaled the start of a gradual reduction in bond purchases under the quantitative easing (QE) program from the current 40B euros to 30B euros in May and 20B euros in June, after which the program will probably be completed in Q3. By this time, the ECB will also think about raising the interest rate, although analysts' opinions on this matter differ.

The rest of the macroeconomic background on Thursday remained neutral. In Switzerland, data on the Producer Price Index and Imports were released, which reflected the growth of the index in March by 0.8% MoM and 6.1% YoY, which significantly exceeded the average market forecasts of 0% and 4.9%, respectively. Statistics from the US disappointed investors: Retail Sales data turned out to be negative and recorded a decline from 0.8% to 0.5% in March, while the April Michigan Consumer Sentiment Index unexpectedly rose from 59.4 to 65.7 points.

The Swiss authorities announced their decision to join the fifth package of sanctions adopted by the EU in April against Russia and Belarus. The restrictions include measures related to the closure of ports for ships, as well as land transportation of goods, the import of certain types of wood, fertilizers, seafood, semiconductors, high-tech electronics, and will also affect the activities of companies whose technologies are directly related to the military special operation that is taking place on the territory of Ukraine.

Support and resistance

On the daily chart, Bollinger Bands are growing actively. The price range is widening but does not conform to the development of the "bullish" trend in the short run yet. MACD is maintaining a strong buy signal, being located above the signal line. Stochastic is showing similar dynamics; however, the indicator line is again approaching its highs, indicating the risks of overbought USD in the ultra-short term.

Resistance levels: 0.9459, 0.9500, 0.9540, 0.9600.
Support levels: 0.9400, 0.9352, 0.9300, 0.9279.

Trading tips

To open long positions, one can rely on the breakout of 0.9459 with the target at 0.9540. Stop-loss – 0.9415. Implementation time: 1-2 days.

A rebound from 0.9459 as from resistance, followed by a breakdown of 0.9400 may become a signal for opening of new short positions with the target at 0.9300. Stop-loss – 0.9459.

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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/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Microsoft Corp.: wave analysis 18.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the third wave of the higher level 3 developed, within which the wave (5) of 3 formed, and a downward correction develops as the fourth wave 4. Now, the wave (А) of 4 has formed, the wave ( B ) of 4 has developed, and the wave ( C ) of 4 has formed, within which the first wave of the lower level 1 of ( C ) is developing. If the assumption is correct, the price will fall to the levels of 241.00–219.45. In this scenario, critical stop loss level is 316.32.

Main scenario

Short positions will become relevant during the correction, below the level of 316.32 with the targets at 241.00–219.45. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 316.32 will let the price grow to the levels of 350.40–375.00.

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 Microsoft Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Pfizer Inc.: technical analysis 20.04.2022

Good afternoon, dear forum visitors!

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

The shares of Pfizer Inc., the world's largest pharmaceutical company, are just above 50.00.

On the daily chart, the asset reached the 61.8% Fibonacci full retracement level at 55.00, reversed, and headed lower. The current downward movement has enough strength to break the year's low of 45.00, as the price passed intermediate support levels of 50.0% and 38.2% Fibonacci in just two days.

Technical indicators are ready to reverse and give a sell signal: fast EMAs on the Alligator indicator have already crossed each other and are approaching the signal line, while the AO oscillator histogram has almost reached the transition level, continuing to form downward bars.

Trading tips

After the price declines and consolidates below the initial 23.6% Fibonacci correction of 49.00, the main scenario is relevant, assuming the formation of sell positions with the target at 45.00. Stop loss — 51.00. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the base Fibonacci 38.2% correction of 51.00, the alternative scenario is relevant, which involves opening long positions with the target at 53.00. Stop loss — 50.00.

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 Pfizer Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: wave analysis 22.04.2022

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

The price is in a correction and may grow.

On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C forms. Now, the third wave of the lower level iii of 1 has developed, and a local correction is ending to form as the fourth wave iv of 1, within which the wave (e) of iv is developing. If the assumption is correct, after the end of the correction the price will grow to the levels of 139.64–155.00. In this scenario, critical stop loss level is 97.73.

Main scenario

Long positions will become relevant after the end of the correction, above the level of 97.73 with the targets at 139.64–155.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 97.73 will let the price go down to the levels of 77.08–62.50.

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]

Netflix Inc.: wave analysis 25.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the wave and of the higher level formed, and a downward correction develops as the wave B. Now, the wave (А) of B has formed, the correction (B) of B has developed, and the wave (C) of B is forming, within which the first wave of the lower level 1 of (C) has formed. If the assumption is correct, after the end of the wave 2 of (C) the price will fall to the levels of 165.80–83.80. In this scenario, critical stop loss level is 325.85.

Main scenario

Short positions will become relevant after the end of the correction, below the level of 325.85 with the targets at 165.80–83.80. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 325.85 will let the price grow to the levels of 397.00–469.77.

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 Netflix Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Visa Inc.: wave analysis 27.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction formed as the fourth wave (4). Now, the wave A of (4) is developing, within which the development of the wave iv of A is ending, and the wave v of A is forming. If the assumption is correct, the price will fall to the levels of 178.37–135.65. In this scenario, critical stop loss level is 223.95.

Main scenario

Short positions will become relevant during the correction, below the level of 223.95 with the targets at 178.37–135.65. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 223.95 will let the price grow to the levels of 252.95–280.00.

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 Visa Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Apple Inc.: technical analysis 29.04.2022

Good afternoon, dear forum visitors!

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

US tech giant Apple Inc. traded in a corrective trend around 163.00.

On the daily chart of the asset, a wide downward channel continues to form, within which the price is falling towards the support line and has already reached the Fibonacci base retracement level of 38.2% at around 156.00.

Despite the local growth, there is a clear predominance of a downtrend in the four-hour time frame. It is only a matter of time before the price breaks the channel support line at 149.00 and then reaches the full Fibonacci retracement level of 61.8% at 141.00.

The high probability of a global decline in quotes is also confirmed by the readings of technical indicators: the range of EMA fluctuations on the Alligator indicator began to expand towards decline, and the histogram of the AO oscillator moved to the sales zone, forming descending bars.

Trading tips

If the main scenario is realized, the asset reverses and continues to decline, as well as the price consolidating below the Fibonacci base retracement level of 38.2%, located at 156.00, it is worth opening short positions with the target at 141.00 and stop-loss at 160.00. Implementation time: 7 days and more.

If the alternative scenario is implemented and the asset continues to grow, as well as the price consolidates above the initial retracement level of 23.6% at 166.00, long positions with the target at 181.00 will be relevant. Stop-loss – 160.00.

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 Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: Canada's GDP reflected the growth of the economy 02.05.2022

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

The Canadian currency continues to resist the active growth of the US dollar, receiving support after the publication of data on Gross Domestic Product (GDP). At the moment, the quotes of USD/CAD are trading in a local uptrend at around 1.2869.

Thus, according to the statistics presented, Canada's economy grew by 1.1% in February, which is the best indicator since March 2021. Experts also note a significant strengthening of the services sectors (by 0.9%) and the production of goods (by 1.5%). Sixteen out of twenty industries grew in this period, and preliminary data show that in March, the country's GDP may continue its positive dynamics and add another 0.5% due to the recovery of the national tourism market, as coronavirus restrictions were significantly eased. More than one million tourists visited Canada in the middle of last month for the first time since the pandemic, according to the Canada Border Services Agency (CBSA). As for the quarterly GDP indicator, the preliminary forecast indicates a possible growth of 1.4%, which may also have a positive impact on the national currency.

Meanwhile, the US dollar is still holding above 103.000 in the USD Index after Friday's release of macroeconomic statistics. The Labor Cost Index in Q1 increased by 1.4% from 1.0%, which exceeded the 1.1% expected by analysts, and the Earnings index rose by 1.20%, having risen by 1.00% a quarter earlier, while the annual Personal Consumption Expenditure Index stood at 6.6 points in March, outperforming February's 6.3 points.

Support and resistance

On the daily chart, the price continues to trade within a wide channel, actively approaching the resistance line. Technical indicators are holding a steady signal to open long positions: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is forming new ascending bars trading in the buy zone.

Support levels: 1.2798, 1.2448.
Resistance levels: 1.2937, 1.3100.

Trading tips

If the asset continues growing and the price consolidates above 1.2937, long positions with the target of 1.3100 will be relevant. Stop-loss – 1.2900. Implementation time: 7 days and more.

If the asset reverses and declines and the price consolidates below 1.2798, short positions can be opened with the target at 1.2448. Stop-loss – 1.2900.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

McDonald’s Corp.: technical analysis 04.05.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on McDonald’s Corp. for a better understanding of the current market situation and more efficient trading.

Shares of the world's largest fast food chain McDonald's Corp. are declining, trading around 245.00.

On the daily chart of the asset, the formation of a global correction continues, which, after the completion of the next wave of upward movement, is preparing to move on to a new stage of decline. After working out the Head and Shoulders pattern, the quotes of the asset returned to the broken Neckline at around 258.00 and are now preparing for a reversal.

On the four-hour time frame, the upcoming reversal is indicated by the formation of a new local Head and Shoulders pattern, the development of which can continue to the level of the initial trend of 61.8% of the Fibonacci extension at around 226.00. The high probability of a price decline is also confirmed by technical indicators, which almost completely reversed downwards: fast EMAs on the Alligator indicator are actively approaching the signal line, and on the AO oscillator, the histogram continues to form bars with a downtrend, approaching the transition level.

Trading tips

If the asset reverses completely and continues the global decline, and the price consolidates below the local support level at 242.00, short positions can be opened with the target at 226.00. Stop-loss must be set above the local support level of 250.00. Implementation time: 7 days and more.

If the growth of the asset continues and the price consolidates above the local resistance level of 254.00, it is worth opening long positions in order to reach the resistance level of 263.00. Stop-loss – 248.00.

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 McDonald’s Corp. and trade efficiently with NPBFX.