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[Antony_NPBFX]

NZD/USD: return to the record highs 28.12.2020

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

NZD has shown moderate gains against USD in trading this morning session, again testing 0.7120 for a breakout. Amid extremely low volatility in the market driven by the Christmas and New Year holidays, the instrument is moderately supported by the continued optimism about coronavirus vaccines and the conclusion of a trade agreement between the UK and the EU.

USD is declining again in response to difficulties in aligning the US budget for 2021 and delays in approving a new fiscal stimulus package. According to the media, Donald Trump signed both bills, although he had sharply criticized the proposed package of measures before, demanding an increase in the coronavirus payments from USD 600 to 2,000 per person. Last week, the US Congress approved a relief package that includes the allocation of USD 900B in direct aid to people and businesses.

Support and resistance

Bollinger Bands in D1 chart show insignificant growth. The price range is narrowing from below, reflecting the ambiguous dynamics of trading in the short term. MACD is trying to resume growth keeping a previous sell signal (located below the signal line). Stochastic is showing similar dynamics; however, it is already approaching its highs, indicating the risks of overbought instrument in the ultra-short term.

It is worth looking into the possibility of the "bullish" trend development in the short and/or ultra-short term.

Resistance levels: 0.7150, 0.7200, 0.7241.
Support levels: 0.7100, 0.7050, 0.7000, 0.6962.

Trading tips

To open long positions, one can rely on the breakout of 0.7150. Take-profit – 0.7241. Stop-loss – 0.7100. Implementation time: 2-3 days.

A rebound from 0.7150 as from resistance, followed by a breakdown of 0.7100 may become a signal for new sales with the target at 0.7000. Stop-loss – 0.7150.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: updating record highs 30.12.2020

Good afternoon, dear forum visitors!

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

Current trend

EUR is rising against USD during today's Asian session, hitting record highs since April 2018. The instrument is supported by the increasing demand for risk at the end of the year amid the approval of a new financial aid package in the US. In addition, investors are pinning high hopes on allowing AstraZeneca's coronavirus vaccine to be available for sale in the UK, reasonably suggesting that increased market supply will help more citizens get vaccinated more quickly.

In turn, the trade deal between the EU and the UK, reached last week, provides moderate support to EUR.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is slightly expanding from above, having difficulty keeping up with the development of the "bullish" trend in the short term. MACD has reversed to growth having formed a fairly certain buy signal (located above the signal line). Stochastic also demonstrates upward direction but is approaching its highs rapidly, which reflects risks of the overbought EUR in the ultra-short term.

Existing long positions should be kept until technical indicators are clarified.

Resistance levels: 1.2312, 1.2357, 1.2420.
Support levels: 1.2271, 1.2200, 1.2150, 1.2087.

Trading tips

To open long positions, one can rely on the breakout of 1.2312. Take-profit – 1.2420. Stop-loss – 1.2250. Implementation time: 1-2 days.

A rebound from 1.2312 as from resistance, followed by a breakdown of 1.2271 may become a signal for new sales with the targets at 1.2200–1.2150. Stop-loss – 1.2340.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the instrument consolidates 04.01.2021

Good afternoon, dear forum visitors!

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

Current trend

Today during the Asian session, the USD/JPY pair is slightly declining, testing the support level of 103.00 for a breakdown.

The US dollar is not expected to be in demand in the first hours of the new trading calendar year, reacting to the previous negative factors. At the end of December, the administration of the incumbent US President Donald Trump was able to agree on the details of a new financial support plan for the American economy, which is in a difficult situation due to a difficult epidemiological situation. USD is now facing a change of power but analysts say President-elect Joe Biden's initial course is unlikely to change much.

At the beginning of the week, JPY was slightly supported by positive national macroeconomic statistics. Thus, the Jibun Bank Manufacturing PMI rose from 49.7 to 50 points.

Support and resistance

On the daily chart, Bollinger bands moderately decline. The price range changes insignificantly, however, not as fast as the “bearish” dynamics develop in the short term. MACD falls, maintaining a relatively strong sell signal (the histogram is below the signal line). Stochastic falls, rapidly approaching the level of 20, which may indicate that USD may become oversold in the ultra-short term.

The current readings of technical indicators do not contradict the further USD decline in the next time intervals.

Resistance levels: 103.25, 103.39, 103.64, 103.90.
Support levels: 103.00, 102.80, 102.50.

Trading tips

Short positions may be opened after the breakdown of 103.00 with the target at 102.50. Stop loss – 103.25. Implementation period: 2–3 days.

Long positions may be opened after the rebound from 103.00 and the breakout of 103.25 with the target at 103.64. Stop loss – 103.00.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

EUR/USD: EUR is consolidating 06.01.2021

Good afternoon, dear forum visitors!

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

Current trend

EUR is trading ambiguously against USD this morning session, consolidating near 1.2300. The instrument has already managed to renew record highs, but further advance of EUR is complicated by some deterioration of the epidemiological situation in Europe. Germany extended the partial quarantine until the end of January, and the British authorities decided to do a full lockdown due to the detection of a new strain of coronavirus, which, according to preliminary estimates, may be 70% more infectious.

Macroeconomic statistics from Europe released on Tuesday were controversial. Retail Sales in Germany in November grew by 1.9% MoM and 5.6% YoY, which turned out to be significantly better than expected, but still indicates a slowdown in domestic trading activity. The Unemployment Rate in the largest European economy in December remained at 6.1%, and the Unemployment Change fell by 37K, while forecasts assumed its growth by 10K.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is slightly expanding from above but it fails to conform to the development of "bullish" sentiments at the moment. MACD indicator is growing preserving a weak buy signal (located above the signal line). After a short decline, Stochastic reversed upwards again, responding to the return of "bullish" activity at the beginning of the week.

Current showings of the indicators do not contradict the further development of the uptrend in the short term.

Resistance levels: 1.2323, 1.2357, 1.2400.
Support levels: 1.2271, 1.2240, 1.2200, 1.2150.

Trading tips

To open long positions, one can rely on the breakout of 1.2323. Take-profit – 1.2400. Stop-loss – 1.2271. Implementation time: 1-2 days.

A rebound from 1.2323 as from resistance, followed by a breakdown of 1.2271 may become a signal for new sales with the target at 1.2150. Stop-loss – 1.2335.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: correctional growth 08.01.2021

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

USD is showing ambiguous performance against CHF in today's Asian session, hitting local highs since December 29. USD received a strong momentum for correctional growth the day before after the publication of positive macroeconomic statistics from the US. At the same time, investors are noticeably cautious on Friday ahead of the publication of the December report on the US labor market. The forecasts are quite pessimistic. In particular, it is assumed that the number of Nonfarm Payrolls in December will grow by only 71K after increasing by 245K in the previous month. The Unemployment Rate is expected to rise to 6.8%.

Switzerland is also to publish data on the Unemployment Rate during the day. Forecasts suggest that in December the indicator will rise to 3.5% MoM from 3.4% MoM in the previous month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range has consolidated, but remains rather spacious for the current level of activity in the market. MACD indicator is growing preserving a rather stable buy signal (located above the signal line). Stochastic is showing almost vertical growth, signaling the emergence of strong "bullish" sentiment in the ultra-short term.

Technical indicators do not contradict the development of the uptrend in the short and/or ultra-short term.

Resistance levels: 0.8880, 0.8920, 0.8960, 0.9000.
Support levels: 0.8850, 0.8821, 0.8800, 0.8783.

Trading tips

To open long positions, one can rely on the breakout of 0.8880. Take-profit – 0.8920. Stop-loss – 0.8860. Implementation time: 1-2 days.

The return of "bearish" trend with the breakdown of 0.8850 may become a signal for new sales with the target at 0.8800. Stop-loss – 0.8880.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

USD/JPY: active growth 11.01.2021

Good afternoon, dear forum visitors!

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

Current trend

The USD/JPY is actively growing, trading at 104.20.

JPY began to decline significantly in relation to its main competitors. This is facilitated, firstly, by the heavy snowfalls that have continued since the middle of last week, which have caused the cancellation of more than 500 domestic flights. The second reason for the negative dynamics for the instrument was rather weak macroeconomic statistics from Japan. Household Spending in November fell to –1.8% from 2.1% in October, while the yield on 30-year JGB auctioned remained at 0.648%.

USD continued to rise, despite the negative data on the US labor market, published on Friday. Nonfarm Payrolls in December decreased by 140K against the forecast of an increase of 71K, and Private Nonfarm Payrolls decreased by 95K against the expected increase by 98K.

Support and resistance

On the global chart, the price continues to rise within the downtrend channel and may reach the resistance line levels this week. Technical indicators are in a global sell state but are preparing to reverse. The fluctuation range of the Alligator indicator EMAs began to actively narrow, and the histogram of the AO oscillator is forming upward bars, being in the sell zone.

Resistance levels: 104.46, 105.65.
Support levels: 103.77, 102.60.

Trading tips

If the asset continues correctional growth and the price consolidates above the resistance level of 104.46, long positions will be relevant with target at 105.65. Stop-loss – 104.00. Implementation time: 7 days and more.

If the asset continues to decline and the price consolidates below the local support at 103.77, short positions can be opened with the target at 102.60. Stop-loss – 104.20.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

USD/JPY: downward reversal 13.01.2021

Good afternoon, dear forum visitors!

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

Current trend

The USD/JPY pair has reversed and is declining, trading at 103.62.

JPY is actively winning back losses against USD. However, there are factors that are holding back the growth of JPY. Utilities across Japan continue to grapple with the aftermath of heavy snowfall, which has already killed 8 people and injured 270. On the contrary, macroeconomic statistics had a positive effect on the dynamics of the instrument. The Bank of Japan Adjusted Current Account rose to JPY 2.34T from JPY 1.98T in the previous period.

USD, in turn, reversed and began to decline again, breaking down the key level in the index of 90 points. Political instability in the USA has a negative impact on the dollar. Yesterday, the US House of Representatives approved a resolution calling on Vice President Michael Pence to apply the 25th Amendment to the Constitution and remove Donald Trump from power. 223 congressmen voted for the initiative, and 205 voted against.

Support and resistance

On the local chart of the asset, the price, having reached the resistance line of the global descending channel, reversed and began to decline. Technical indicators are still in the state of selling, but are about to reverse. The range of the Alligator indicator EMAs fluctuations began to narrow down, and the histogram of the AO oscillator forms descending bars.

Resistance levels: 103.86, 104.32.
Support levels: 103.40, 102.60.

Trading tips

If the asset continues to decline and the price consolidates below the local support at 103.40, short positions can be opened with the target at 102.60. Stop-loss – 103.80. Implementation time: 7 days and more.

If the asset continues correctional growth and the price consolidates above the resistance level of 103.86, long positions will be relevant with target at 104.32. Stop-loss – 103.40.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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

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

 

[Antony_NPBFX]

USD/CHF: upward correction 15.01.2021

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 USD/CHF pair is correcting upwards, trading at 0.8885.

The day before, CHF was supported by the message that the Swissmedic Institute approved the use of the vaccine against the coronavirus from Moderna Inc., with which Switzerland signed a contract for the supply of 7.5M doses, 200K doses of which will be sent to the country's regions in the near future.

USD continues its volatile dynamics and today began trading from levels above the key level of 90 points in the index. Macroeconomic statistics from the US were contradictory. The Import Price Index in December was 0.9% instead of the expected 0.7%, and the Export Price Index amounted to 1.1%, which is higher than the projected 0.4%. The data on the number of Initial Jobless Claims disappointed investors: the figure was 965K against the expected 795K.

Support and resistance

The asset continues to trade within a narrow local descending channel, which increasingly resembles a Head and Shoulders pattern. Technical indicators on the local interval are still directed towards purchase, but the signals are not clear. The fast EMAs of the Alligator indicator are above the signal line, and the histogram of the AO oscillator is in the positive zone, close to the transition level.

Resistance levels: 0.8920, 0.9020.
Support levels: 0.8857, 0.8768.

Trading tips

If the asset continues correctional growth and the price consolidates above the local resistance at 0.8920, long positions will be relevant with target at 0.9020. Stop-loss – 0.8860. Implementation time: 7 days and more.

If the asset continues to decline and the price consolidates below the local support at 0.8857, short positions can be opened with the target at 0.8768. Stop-loss – 0.8900.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

USD/CAD: correctional dynamics develops 18.01.2021

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

USD is growing against CAD today, updating local highs since January 12. Noticeable support for the instrument is provided by the growth of negative sentiments regarding the worsening epidemiological situation in the world. Despite the start of vaccination campaigns, many countries are still forced to maintain and tighten restrictive measures, which negatively affects the pace of global economic recovery. Alarming data comes from China, which has already identified the maximum number of COVID-19 infected in the past 10 months.

USD, in turn, is receiving support from the nearly USD 2T new stimulus plan for the American economy, published last week. Having parity in the Senate, Democrats can easily pass part of the amendments aimed at supporting the population. However, measures to fund vaccination programs will require Democrats to enlist the support of Republicans, which could pose some difficulties given the ongoing political tensions in the country.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having rebounded from the level of "20", maintains a confident uptrend, signaling in favor of the development of "bullish" sentiments in the ultra-short term.

Current showings of the indicators do not contradict the further development of the uptrend in the short term.

Resistance levels: 1.2800, 1.2850, 1.2900, 1.2950.
Support levels: 1.2766, 1.2738, 1.2700, 1.2664.

Trading tips

To open long positions, one can rely on the breakout of 1.2800. Take-profit – 1.2850. Stop-loss – 1.2766. Implementation time: 1-2 days.

A rebound from 1.2800 as from resistance, followed by a breakdown of 1.2766 may become a signal for new sales with the target at 1.2700. Stop-loss – 1.2800.

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

You can learn more about the current situation on USD/CAD 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 EUR/USD, GBP/USD, USD/JPY, 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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: gold is in demand again 20.01.2021

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 rising significantly during today's Asian session, updating local highs of January 15. The instrument is testing the level of 1850.00 for a breakout. Noticeable pressure on USD was exerted by the speech of the candidate for the post of the US Treasury Secretary Janet Yellen, who spoke in favor of a gradual return of the "strong dollar policy". In any case, it seems that the Joe Biden administration will not engage in artificial weakening of the national currency, as well as prosecute other countries for such actions. In addition, investors are looking forward to Biden's inauguration today, and also expect quick decisions on the announced USD 2 trillion support package for the US economy.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range expands from below, weakly reacting to the appearance of ambiguous trading dynamics in the nearest future. MACD is reversing to growth forming a new buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought instrument in the ultra-short term. Technical indicators do not contradict the further development of the uptrend in the short and/or ultra-short term.

Resistance levels: 1850.00, 1863.34, 1875.09, 1900.00.
Support levels: 1830.00, 1811.96, 1800.00.

Trading tips

To open long positions, one can rely on the breakout of 1863.34. Take-profit – 1900.00. Stop-loss – 1840.00. Implementation time: 2-3 days.

A rebound from 1863.34 as from resistance followed by a breakdown of 1850.00 may become a signal for new sales with the target at 1811.96. Stop-loss – 1870.00.

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

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