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Meta Platforms Inc.: technical analysis 08.02.2023

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., the US multinational holding company that owns technology conglomerate and social media giant Facebook, are trading at 191.00.

On the daily chart, a global corrective trend is forming, within which the gap of 151.00–183.00 has formed, and the price is above its end level.

In the four-hour chart, the prospects for the continuation of the upward dynamics are still quite high, as evidenced by the fact that the quotes are above the 38.2% Fibonacci base correction level around 191.75, in case of consolidation above which the next target will be the 50.0% Fibonacci intermediate correction level around 220.00.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, and the AO histogram forms rising bars in the buying zone.

META-080223-22.png


Trading tips

Long positions may be opened after the price rises and consolidates above 197.00 with the target at 221.00. Stop loss – 190.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 184.00 with the target at 151.00. Stop loss – 190.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.
 
NZD/USD: New Zealand dollar returned to decline 10.02.2023

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 NZD/USD pair shows an active decline, testing 0.6300 for a breakdown. The day before, the instrument made a rather aggressive attempt to grow; however, the "bulls" failed to consolidate at the local highs of February 3.

Meanwhile, the macroeconomic background in both New Zealand and the US remained mixed. Initial Jobless Claims in the US for the week ended February 3 increased from 183.0 thousand to 196.0 thousand, which turned out to be higher than analysts' forecasts of growth to 190.0 thousand, and Contiuing Jobless Claims for the week ended January 27 increased from 1.650 million to 1.688 million, which also turned out to be higher than the expected 1.658 million.

New Zealand data showed an increase in Electronic Card Retail Sales in January by 2.6% after -2.3% in the previous month, while analysts had expected 1.9%. At the same time, in annual terms, the indicator decreased from 4.8% to 2.7%, contrary to forecasts of growth to 9.1%.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands, making way to new local lows for the "bears". MACD continues its downtrend, strengthening its sell signal (the histogram is below the signal line). Stochastic, having attempted an upward correction at the beginning of the week, reversed to the horizontal plane, indicating the ambiguous nature of trading at the end of the week.

Resistance levels: 0.6350, 0.6400, 0.6450, 0.6500.
Support levels: 0.6288, 0.6250, 0.6200, 0.6155.

NZDUSD100223-33.png


NZDUSD100223-333.png


Trading tips

Short positions may be opened after a breakdown of 0.6288 with the target at 0.6200. Stop-loss — 0.6330. Implementation time: 1-2 days.

A rebound from 0.6288 as from support followed by a breakout of 0.6350 may become a signal for opening new long positions with the target at 0.6450. 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.
 
Johnson & Johnson: technical analysis 13.02.2023

Good afternoon, dear forum visitors!

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

The shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 162.00.

On the daily chart, the price is declining within a downtrend, almost reaching the global low of last September at 160.00.

On the four-hour chart, the consolidation below the key level of 160.00 will become a marker for the transition of the corrective decline into a trend with further movement to levels around 150.00, and if it is held, a local increase to the high of the end of January at 169.00 is possible.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.

JNJ-130223-22.png


Trading tips

Short positions may be opened after the price drops and consolidates below 160.00 with the target at 153.00. Stop loss – 163.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 164.00 with the target at 169.00. Stop loss – 161.00.

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 Johnson & Johnson and trade efficiently with NPBFX.
 
Starbucks Corp.: technical analysis 15.02.2023

Good afternoon, dear forum visitors!

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

The shares of Starbucks Corp., one of the largest companies in the world, which owns the chain of coffee houses of the same name, are moving within a corrective trend at 108.00.

On the daily chart, the price is rising within the global ascending channel with dynamic boundaries 116.00–99.00, having consolidated yesterday, last week's local high of 108.00.

On the four-hour chart, it can be seen that although the quotes are near the channel resistance line, the potential for upward dynamics remains high, and the target level of 116.00 can be reached soon. For the final confidence in the continued growth of the asset, it remains to overcome the local high of the end of January around 110.00.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator keep a wide range of fluctuations, moving away from the signal line, and the AO histogram forms new upward bars in the buying zone.

SBUX-150223-22.png


Trading tips

Long positions may be opened after the price rises and consolidates above 110.00 with the target at 116.00. Stop loss – 108.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 105.00 with the target at 99.00. Stop loss – 107.00.

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 Starbucks Corp. and trade efficiently with NPBFX.
 
Netflix Inc.: technical analysis 17.02.2023

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 shares of Netflix Inc., an American entertainment company and movie and series streaming service, are trading in a corrective trend, around 350.00.

On the daily chart, the price continues its upward trend within the global corridor with dynamic boundaries of 315.00–400.00, reversing towards support.

The four-hour chart shows that the potential for a downward movement is gradually increasing, which confirms the possible formation of a Head and shoulders reversal pattern with the Neckline at 344.00. In case of its complete development, the quotes will be able to reach the support of the global channel, around 320.00.

Technical indicators are in a buy state: fast EMAs on the Alligator indicator are approaching the signal line, although they have narrowed the range of fluctuations, and the AO histogram is forming downward bars, approaching the transition level.

NFLX-170223-22.png


Trading tips

Short positions may be opened after a reversal, decline, and consolidation of the price below 344.00 with the target at 320.00. Stop loss — 350.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 363.10 with the target at 390.00. Stop loss — 350.00.

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

You can learn more about the current situation 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 GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

Use the current recommendations of analysts on Netflix Inc. and trade efficiently with NPBFX.
 
Cisco Systems Inc.: technical analysis 20.02.2023

Good afternoon, dear forum visitors!

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

The shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 50.75.

On the daily chart, the price continues to implement the global upward correction, leaving the local corridor with dynamic boundaries 45.00–49.50 yesterday and firmly consolidated above the resistance line.

On the four-hour chart, a high potential for further upward movement is signaled by the price gap with which the quotes left the local channel, breaking the level of 49.50, as well as the possible formation of a global Head and shoulders reversal pattern with the Neckline at 50.00.

Technical indicators gave a local buy signal: the range of EMA fluctuations on the Alligator indicator began to expand upwards, and the AO histogram forms rising bars in the buy zone, moving away from the transition level.

CSCO-200223-11.png


Trading tips

Long positions may be opened after the price rises and consolidates above 51.70 with the target at 55.00. Stop loss – 50.50. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 50.00 with the target at 47.00. Stop loss — 51.00.

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 Cisco Systems Inc. and trade efficiently with NPBFX.
 
The Walt Disney Co.: technical analysis 22.02.2023

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

The shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving in a corrective trend at 102.00.

On the daily chart, the price is holding above the resistance line of the local downward channel with dynamic boundaries 91.00–78.00, and the correction is gaining momentum again.

On the four-hour chart, it is clear that if the quotes continue to decline, they may enter the stage of a global trend, and in this case, the last year's minimum, around 85.00, will become relevant again.

Technical indicators signal in favor of a local decline: fast EMAs on the Alligator indicator are actively approaching the signal line, quickly narrowing the range of fluctuations, and the AO histogram is forming downward bars.

DIS220223-11.png


Trading tips

Short positions may be opened after the price drops and consolidates below 98.00 with the target at 85.00. Stop loss – 103.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 108.00 with the target at 118.00. Stop loss -105.00.

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 The Walt Disney Co. and trade efficiently with NPBFX.
 
Pfizer Inc. technical analysis 24.02.2023

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 largest US pharmaceutical company, are correcting at 42.00.

On the daily chart, the price is holding within the global corridor with dynamic boundaries 54.30–41.60 and almost reached the support line yesterday.

On a four-hour chart, it can be seen that the support line of the global channel coincides with last year's low of 41.60, and its breakdown will mean the beginning of a new global downward cycle, the key level for which is 39.00.

Technical indicators maintain a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars in the sell zone.

PFE240223-11.png


Trading tips

Short positions may be opened after the price drops and consolidates below 41.60 with the target at 39.00. Stop loss – 42.50. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 43.30 with the target at 46.20. Stop loss — 42.00.

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.
 
Johnson & Johnson: technical analysis 27.02.2023

Good afternoon, dear forum visitors!

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

The shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 156.00.

On the daily chart, the price is declining within a downtrend, almost reaching one of the March 2021 lows at 154.00.

On the four-hour chart, it can be seen that consolidation quotes below this level is the key marker for the transition to an increase in downward dynamics towards targets around the November 2020 low around 143.00. If the price reverses and consolidates above the September 2022 low at 160.00, a local increase and return to the sideways channel with the boundaries of 159.00–180.00 is possible.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.

JNJ-270223-1.png


Trading tips

Short positions may be opened after the price drops and consolidates below 154.00 with the target at 143.00. Stop loss – 160.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 159.00 with the target at 167.00. Stop loss – 156.00.

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

You can learn more about the current situation 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 GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

Use the current recommendations of analysts on Johnson & Johnson and trade efficiently with NPBFX.
 
EUR/USD: euro shows ambiguous trading dynamics 01.03.2023

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 mixed trading dynamics, consolidating near 1.0590 and fixing a slight increase in "bullish" sentiments for the instrument in anticipation of new drivers.

The euro came under pressure after the publication of data on inflation in France and Spain, which, at the same time, increased the chances for the continuation of the "hawkish" policy from the European Central Bank (ECB). In February, the Consumer Price Index in France accelerated from 7.0% to 7.4% in annual terms, while analysts expected the dynamics to remain at previous levels, and in monthly terms it rose from 0.4% to 1.0% which was in line with the forecasts. Despite the further increase in the interest rate by the ECB, which generally supports the single currency, the renewed growth of inflation in the region is perceived as a dangerous signal. Recall that earlier in France there were mass protests against the pension reform. Spanish inflation for the same period accelerated from 5.9% to 6.1%, while analysts expected a possible weakening to 5.7%. On a monthly basis, the CPI added 1.0% after declining by 0.2% in January, while forecasts assumed a zero trend. Today, investors are focusing on statistics from Germany, where the Consumer Price Index is predicted to slow down in February from 8.7% to 8.5% in annual terms and from 1.0% to 0.6% in monthly terms.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range expands slightly, making way for new local lows for the "bears". MACD indicator tries to reverse to growth and to form a new buy signal (the histogram is about to consolidate above the signal line). Stochastic is showing a more confident growth and is located in the middle of its area.

Resistance levels: 1.0600, 1.0654, 1.0700, 1.0765.
Support levels: 1.0550, 1.0500, 1.0450, 1.0400.

EURUSD010323-33.png


EURUSD010323-333.png


Trading tips

Short positions may be opened after a breakdown of 1.0550 with the target at 1.0450. Stop-loss — 1.0600. Implementation time: 2-3 days.

A rebound from 1.0550 as from support followed by a breakout of 1.0600 may become a signal for opening new long positions with the target at 1.0700. Stop-loss — 1.0550.

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 EUR/USD and trade efficiently with NPBFX.
 
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