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[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 19.12.2022

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving in a corrective trend at 119.00.

On the daily chart, there is a formation of a global downtrend, within which the price, having sharply decreased, formed a price gap of 100.00–130.00 and is now trying to work it out.

The four-hour chart shows that the prospects for quotes growth are not high, and the movement is developing within the local ascending corridor with dynamic boundaries of 116.00–132.00, and the key resistance is 124.00, which market participants have already tested unsuccessfully twice.

Technical indicators confirm the likelihood of an upward correction, holding a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms corrective bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 124.00 with the target at 138.00. Stop loss – 120.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 113.00 with the target at 100.00. Stop loss – 120.00.

Use more opportunities of the NPBFX analytical portal: analytics

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[Antony_NPBFX]

XAU/USD: "bears" hold the lead in overall positions 21.12.2022

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 corrected, retreating from local highs of December 13, updated the day before. The XAU/USD pair showed a rather active growth, which was due to the strengthening of corrective moods in the US currency, which reacted negatively to the publication of statistics from the US on the housing market. Another factor in the "bullish" dynamics of the instrument was the fear of a global recession against the backdrop of tightening monetary policy by the world's leading financial regulators. Last week, the US Federal Reserve, the European Central Bank (ECB) and the Bank of England raised interest rates by 50 basis points and also indicated that they expect slower monetary tightening going forward. Meanwhile, the EU economy is close to recession, and the Bank of England, in turn, says that the process of slowdown in the UK economy has already begun.

Today, the focus of investors will be statistics from the US on the December level of Consumer Confidence and the November dynamics of Existing Home Sales. Investors will also pay attention to Canadian statistics on inflation in November: current forecasts suggest that the Consumer Price Index will slow down from 0.7% to 0.4% MoM, but accelerate in annual terms from 6.9% to 7.4%.

Meanwhile, according to the report of the US Commodity Futures Trading Commission (CFTC), last week the number of net speculative positions in gold amounted to 125.6 thousand against 115.1 thousand a week earlier. "Bears" still hold the lead in general positions among swap dealers, and their number is 203.135 thousand against 91.509 thousand for "bulls". Last week, sellers opened 13.606 thousand more deals, and buyers opened 0.122 thousand more, which indicates an increased demand for the metal.

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" activity at the moment. MACD indicator is growing, having formed a new 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 gold in the ultra-short term.

Resistance levels: 1816.62, 1828.22, 1843.37, 1857.27.
Support levels: 1800.00, 1786.28, 1765.66, 1753.09.

Trading tips

Long positions can be opened after a breakout of 1816.62 with the target of 1857.27. Stop-loss — 1800.00. Implementation time: 2-3 days.

A rebound from 1816.62 as from resistance, followed by a breakdown of 1800.00 may become a signal for opening of new short positions with the target at 1765.66. Stop-loss — 1816.62.

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[Antony_NPBFX]

NZD/USD: corrective growth at the end of the trading week 23.12.2022

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

The New Zealand dollar shows corrective growth, recovering from a four-day decline, as a result of which the NZD/USD pair updated local lows from November 30. The instrument is testing the level of 0.6270 for a breakout, receiving support from technical factors.

The American currency reacts positively to the data released the day before on the dynamics of the US Gross Domestic Product (GDP) for the third quarter. The revised estimate reflected economic growth of 3.2% against the previous 2.9%. At the same time, the number of Initial Jobless Claims for the week of December 16 increased from 214.0 thousand to 216.0 thousand, contrary to forecasts of an increase to 222.0 thousand, and Continuing Jobless Claims adjusted from 1.678 million to 1.672 million, while market forecasts suggested an increase to 1.683 million.

Investors' attention today is focused on macroeconomic statistics from the US. The most important among the publications will be data on the dynamics of Durable Goods Orders, as well as statistics on Personal Income and Spending. Forecasts suggest that in November Personal Income will slow down from 0.7% to 0.2%, while Durable Goods Orders could show a 0.6% decline after rising 1.1% the previous month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding, but has not yet caught up with the surge of "bearish" activity. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, having approached its lows is reversing into a side channel, signaling in favor of the development of corrective dynamics in the near future.

Resistance levels: 0.6288, 0.6350, 0.6400, 0.6450.
Support levels: 0.6250, 0.6200, 0.6155, 0.6100.

Trading tips

Long positions can be opened after a breakout of 0.6288 with the target of 0.6350. Stop-loss — 0.6250. Implementation time: 1-2 days.

A rebound from 0.6288 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of new short positions with the target at 0.6155. Stop-loss — 0.6300.

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.

 

[Antony_NPBFX]

Alphabet Inc.: technical analysis 28.12.2022

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

Shares of the American holding company Alphabet Inc. are moving within the global corrective trend at 88.00.

On the daily chart, there is a formation of a global downward channel with dynamic boundaries at 94.00–85.00, within which the price is falling along the support line.

On the four-hour chart, it can be seen that the downward movement has a high potential for continuation, as the quotes are close to the local low of yesterday's trading at 86.90, consolidation below which practically guarantees further decline and renewal of the low around 83.00.

Technical indicators hold a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is trading below the transition level, forming downward bars.

Trading tips

Short positions may be opened after the price drops and consolidates below 86.90 with the target at 83.50. Stop loss – 88.80. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and price consolidation above 89.20 with the target at 92.20. Stop loss — 88.00.

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[Antony_NPBFX]

eBay Inc.: technical analysis 30.12.2022

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

Stocks of the American Internet retailing company eBay Inc. are correcting around 42.00.

On the daily chart, the price is holding above the resistance line of the global downwards channel with dynamic boundaries at 40.00–30.00, and after the expected retest, it reverses upwards.

On the four-hour chart, a local correction is still developing within the Flag trend continuation pattern, and after consolidation pf the price above 43.00, the global growth can continue until reaching the target resistance of 47.00.

Technical indicators are ready to turn around and give a buy signal: fast EMAs on the Alligator indicator are consolidated below the signal line, and the AO oscillator histogram, being in the sell zone, forms corrective bars.

Trading tips

Long positions may be opened after the consolidation above the local resistance level of 43.00 with the target at 47.00 and stop loss 41.00. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 40.30 to reach the global support around 36.00. Stop loss is below the current price, around 41.50.

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 eBay Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: the instrument updated November lows 04.01.2023

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

The New Zealand dollar shows moderate growth during the Asian session, correcting after a noticeable decline the day before, as a result of which the NZD/USD pair updated local lows from November 30. At the moment, the instrument is testing the level of 0.6260 for a breakout, and activity in the market is slowing down a little ahead of the publication of the minutes of the December meeting of the US Federal Reserve and the final report on the national labor market, which will be presented at the end of the week.

In turn, the New Zealand dollar was under pressure after the publication of weak macroeconomic statistics the day before. The Dairy Price Index fell 2.8% in December after falling 3.8% in the previous month, although analysts had expected a positive trend of 0.6%. Investors were also disappointed by data from China, where the index of business activity in the manufacturing sector from Caixin in December showed a decline from 49.4 points to 49.0 points, which, however, was better than preliminary estimates of 48.8 points. The Chinese economy continues to generate some rather troubling signals, in part due to new spikes in COVID-19 cases after a series of restrictive measures were lifted. It is possible that its recovery may take a little longer than originally predicted.

Support and resistance

On the daily chart, Bollinger Bands are moderately declining. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, maintaining a relatively strong sell signal and being below the signal line, close to the zero level. Stochastic signals in favor of further development of "bearish" dynamics in the near future.

Resistance levels: 0.6288, 0.6350, 0.6400, 0.6450.
Support levels: 0.6250, 0.6200, 0.6155, 0.6100.

Trading tips

Long positions can be opened after a breakout of 0.6288 with the target of 0.6400. Stop-loss — 0.6225. Implementation time: 1-2 days.

A rebound from 0.6288 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of short positions with the target at 0.6155. Stop-loss — 0.6300.

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.

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

 

[Antony_NPBFX]

Bank of America Corp.: technical analysis 06.01.2023

Good afternoon, dear forum visitors!

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

Shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within a corrective trend at 34.00.

On the daily chart, the price is within the global Expanding formation pattern with the boundaries of 28.00–40.00, developing another downward wave.

The four-hour chart shows that the current wave is the fourth within the pattern, which practically guarantees that it will reach last year's low at 29.30. The local growth prospects are not high, as the resistance level at 35.00 looks quite solid.

Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is forming new bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 33.00 with the target at 29.70. Stop loss — 34.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 34.80 with the target at 38.00. Stop loss — 33.00.

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 Bank of America Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: the instrument develops corrective growth 09.01.2023

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

The New Zealand dollar shows steady growth during the Asian session, updating local highs from December 19. The NZD/USD pair is testing 0.6400 for a breakout, and investors continue to actively sell the American currency after the publication of statistics on the US labor market last Friday. In December, the American economy created 223.0 thousand new jobs, which turned out to be 23.0 thousand better than analysts' forecasts, while the Unemployment Rate fell from 3.6% to 3.5%, contrary to forecasts of growth to 3.7%. Hourly Earnings in annual terms slowed down from 4.8% to 4.6%, while analysts expected it to accelerate to 5.0%, and in monthly terms the indicator slowed down from 0.4% to 0.3%. Investors expect that the released data will push the US Federal Reserve to soon ease monetary policy.

Earlier, the regulator announced its readiness to raise the interest rate one or two more times in the range of 25-50 basis points at the beginning of 2023, after which it will probably take a wait-and-see attitude. At the same time, the latest minutes of the US Federal Reserve indicated the unwillingness of board members to consider a scenario with a decrease in the rate this year.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly expanding from above; however, it has not kept up with the "bullish" activity on Friday and Monday. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic grows more steadily but is rapidly approaching its highs, which reflects risks of the overbought New Zealand dollar in the ultra-short term.

Resistance levels: 0.6400, 0.6450, 0.6500, 0.6535.
Support levels: 0.6350, 0.6288, 0.6250, 0.6200.

Trading tips

Long positions can be opened after a breakout of 0.6400 with the target of 0.6500. Stop-loss — 0.6350. Implementation time: 1-2 days.

A rebound from 0.6400 as from resistance, followed by a breakdown of 0.6350 may become a signal for opening of new short positions with the target at 0.6250. Stop-loss — 0.6400.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

WTI Crude Oil: "black gold" quotes are held around 74.50 11.01.2023

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, prices for WTI Crude Oil are slightly reduced, consolidating near 74.85.

Investors are cautious and wait to open new trading positions before publishing key US statistics on consumer inflation for December. The indicator is expected to slow down the negative dynamics from 7.1% to 6.5%, in which case the US Federal Reserve is likely to decide to raise interest rates in February by only 25.0 basis points, after which a pause in tightening monetary policy is possible.

The pressure on oil quotes was exerted by the statements of the US Department of Energy, which raised the forecast for the average energy production in the country for 2023 by 70.0K barrels to 12.41M barrels, while demand expectations for it decreased to 100.48M barrels despite signs of a recovery in China. For the week of January 6, the report of the American Petroleum Institute (API) on oil reserves showed a sharp increase of 14.865M barrels after an increase of 3.298M barrels earlier, and today experts expect the publication of relevant data from the Energy Information Administration of the US Department of Energy (EIA): forecasts suggest a decline in the value of 2.375M barrels after an increase of 1.694M barrels over the past week.

According to Bloomberg, the Russian authorities are forced to sell Urals crude at prices almost twice lower the world's prices. For example, at the end of last week in the port of Primorsk, a Russian barrel cost 37.80 dollars compared to Brent Crude Oil for 78.57 dollars against the backdrop of a ban on energy supplies from Russia in response to the escalation of the military conflict on the territory of Ukraine. The negative trend may prompt official Moscow to reduce oil production, as it becomes increasingly difficult to compete with supplies from the Middle East due to the increased cost of freight tankers to deliver energy from Western Russian ports.

Support and resistance

On the daily chart, Bollinger bands are moving flat: the price range is slightly expanding from below, remaining quite spacious for the current market activity level. The MACD indicator shows uncertain growth, keeping a poor buy signal (the histogram is above the signal line). Stochastic is strengthening, quickly retreating from its lows.

Resistance levels: 75.00, 76.00, 77.00, 78.00.
Support levels: 74.00, 72.59, 71.00, 70.00.

Trading tips

Short positions may be opened after the breakdown of 74.00 with the target at 72.00. Stop loss — 75.00. Implementation period: 2–3 days.

Long positions may be opened after a rebound from 74.00 and the breakdown of 75.00 with the target at 77.00. Stop loss — 74.00.

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

How can a trader determine if it’s worth buying or selling WTI 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 WTI Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: consolidation near spring 2022 highs 13.01.2023

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 EUR/USD pair shows flat dynamics during the Asian session, consolidating near 1.0850 and local highs from April 21, 2022. Trading activity remains quite low, while analysts expect a large number of publications of macroeconomic indicators.

The day before, the single currency showed strong growth in response to the release of data on inflation dynamics in the US. In December, the Consumer Price Index slowed down from 7.1% to 6.5% in annual terms, and in monthly terms it corrected from 0.1% to -0.1%. In turn, the CPI excluding Food and Energy added 0.3% in monthly terms and 5.7% in annual terms. Thus, traders strengthened their belief that in the near future the US Federal Reserve will continue to reduce the pace of interest rate increases and will adjust the value by only 25 basis points at its meeting on January 31.

In addition, the focus of investors is statistics on the dynamics of Industrial Production in the eurozone in November, as well as consumer inflation in Spain and France in December, where current forecasts do not suggest changes.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is expanding, but it fails to catch the development of "bullish" activity this week. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reverses into a horizontal plane, indicating overbought euro in the ultra-short term.

Resistance levels: 1.0850, 1.0900, 1.0957, 1.1000.
Support levels: 1.0800, 1.0759, 1.0700, 1.0657.

Trading tips

Long positions can be opened after a breakout of 1.0900 with the target of 1.1000. Stop-loss — 1.0850. Implementation time: 1-2 days.

A rebound from 1.0850 as from resistance, followed by a breakdown of 1.0800 may become a signal for opening of new short positions with the target at 1.0700. Stop-loss — 1.0850.

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