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[Antony_NPBFX]

General Electric Co.: technical analysis 12.07.2024

Good afternoon, dear forum visitors!

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

General Electric Co., an American diversified corporation, is trading within the framework of an intensifying correction at 161.00.

On the daily chart, the price is forming a Triangle pattern with narrowing boundaries of 165.00–158.00.

On the four-hour chart, the probability of completing the formation is very high since the quotes have long been in the pattern’s last third, and they can break one of the sides at any time. According to the pattern’s rules, an upward exit is more likely, and after a breakout of the resistance level of 165.00, the price may reach the year’s high of 180.00.

Technical indicators give a poor buy signal. Fast EMA on the Alligator indicator crossed the signal line upwards and are preparing to expand the range of fluctuations, and the AO histogram is forming correction bars near the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 165.40, with the target at 179.00. Stop loss is 158.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 158.00, with the target at 148.00. Stop loss is 164.00.

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 General Electric Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Bank of America Corp.: technical analysis 15.07.2024

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., one of the largest banks and analytical agencies in the United States, are trading within the corrective trend at 41.00.

On the daily chart, the price retreats from the support line of the ascending channel with dynamic boundaries of 43.50–38.30, preparing to leave the channel.

On the four-hour chart, consolidation above the year’s high of 41.00 allowed the quotes to significantly increase the probability of reaching the channel resistance line of 43.50. However, for full-fledged growth, they need to overcome the current high of 42.00.

Technical indicators strengthen the buy signal: fast EMA on the Alligator indicator are above the signal line, keeping the fluctuation range stable, and the AO histogram forms correction bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 41.90, with the target at 45.00. Stop loss — 41.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 40.90, with the target at 38.30. Stop loss — 42.00.

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]

AUD/USD: Australian households expect mortgage rates to rise over the next 12 months 17.07.2024

Good afternoon, dear forum visitors!

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

Current trend

The AUD/USD pair consolidates around 0.6737 during the Asian session.

The Australian currency is gaining value as investors brace for further interest rate hikes following July data from Westpac Banking Corp. that recorded a decline in Consumer Sentiment to new lows: the indicator lost 1.1%, dropping to 82.7 points from 83.6 points previously. Westpac senior economist Matthew Hassan said the downward trend had been going on for two years, even though the government had made significant tax adjustments in an attempt to support low- and middle-income people, and concerns about persistent inflation and further interest rate rises are once again placing greater pressure on consumer sentiment, wiping out any positive momentum generated by financial support measures. Australia's Weighted Average Consumer Price Index corrected from 3.60% to 4.00% year on year, beating analysts' forecast of 3.80%, as more households expect mortgage rates to rise over the next 12 months, although in June the figure reached almost 60.0%. In addition, the recent 17.0% fall in Australian dairy exports was accompanied by a 19.0% increase in imports. These market changes are partly due to increased domestic production in China, supported by significant government investment that reduces the country's dependence on imported products. On Thursday at 3:30 (GMT+2), June labor market data will be published: Unemployment Rate is expected to increase from 4.0% to 4.1%, and Full Employment may slow down from 39.7 thousand to 20.0 thousand, confirming the stability of the sector even in the context of the tight monetary policy of the Reserve Bank of Australia (RBA).

The day before, investors paid attention to statistics on Retail Sales in the United States: their total volume in June was fixed at 0.3% with a forecast of –0.3%, while the figure excluding fuel and cars rose from 0.3% to 0.8% with preliminary estimates of 0.2%, confirming the existing risks of accelerating inflation, which may ultimately affect the position of the US Federal Reserve on easing monetary parameters in the near future. Earlier, the Chairman of the Fed, Jerome Powell, noted that financial authorities do not intend to wait for the CPI to reach the target 2.0% to begin adjusting borrowing costs.

Support and resistance

On the daily chart, the price was unable to overcome the resistance line of the local Expanding Formation pattern, which is located at 0.6800.

Technical indicators holding the buy signal began to actively slow it down: fast EMAs on the Alligator indicator are again approaching the signal line, narrowing the range of fluctuations, and the AO histogram decreases in the buy zone.

Support levels: 0.6715, 0.6628.
Resistance levels: 0.6760, 0.6850.

Trading tips

Short positions can be opened after the price consolidates below the support level of 0.6715 with the target of 0.6628. Stop-loss — 0.6750. Implementation time: 7 days and more.

Long positions can be opened when the price consolidates above the resistance level of 0.6760 with the target of 0.6850. Stop-loss — 0.6700.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Tesla Inc.: technical analysis 19.07.2024

Good afternoon, dear forum visitors!

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

Shares of Tesla Inc., a leading manufacturer of electric cars, are trading at 148.00.

On the daily chart, the price is moving within a corrective trend, the peak of which is the year’s high 260.00, reversing downwards.

On the four-hour chart, a Diamond reversal pattern with implementation levels of 260.00 and 236.00 has formed. According to statistics, the probability of its exit downward is higher, and the implementation target is the correction level of 200.00.

Technical indicators weaken the buy signal: fast EMA on the Alligator indicator are approaching the signal line, and the AO histogram is forming downward bars, falling in the buy zone.

Trading tips

Short positions may be opened after the price declines and consolidates below 236.00, with the target at 205.00. Stop loss is 245.00. Implementation period: 7 days or more.

Long positions may be opened after the price grows and consolidates above 260.00, with the target at 291.00. Stop loss is 250.00.

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 Tesla Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The Walt Disney Co.: technical analysis 22.07.2024

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 entertainment industry, are moving in a correction trend at 96.00.

On the daily chart, the price is moving away from the resistance line of the downward channel with dynamic boundaries of 97.00–92.00, trading just below the full Fibonacci correction of 61.8% at 95.60.

On the four-hour chart, the quotes can overcome the low of last week at 96.10. Then, the decline will move into the stage of a full-fledged trend since all correction levels are broken. A consolidation below the full Fibonacci correction of 61.8% at 95.60 will allow the price to reach 90.00. In case of a reversal and growth of the asset, a local ascending wave may form, with the target at the intermediate Fibonacci correction of 50.0% at 101.40.

Technical indicators are holding the sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO histogram is forming correction bars in the sell zone.

Trading tips

Short positions may be opened after the price consolidates below 94.60, with the target at 88.40. Stop loss is 96.40. Implementation period: 7 days or more.

Long positions may be opened after the price consolidates above 96.10, with the target at 101.40. Stop loss is 94.00.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Starbucks Corp.: technical analysis 24.07.2024

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 that owns the coffee shop chain of the same name, are correcting at 76.00.

On the daily chart, the price is approaching the resistance line of the downward channel with dynamic boundaries of 79.00–63.00.

On the four-hour chart, after renewing the high of 75.00, the quotes retreated downwards, preparing to test 78.00. Despite the slowdown, the uptrend looks stable, and the asset may reach 85.00.

Technical indicators weaken the sell signal: fast EMA on the Alligator indicator are approaching the signal line, narrowing the range of fluctuations, and the AO histogram is forming ascending bars in the sell zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 78.00, with the target at 85.00. Stop loss is 76.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 75.00, with the target at 70.00. Stop loss is 77.00.

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.

 

[Antony_NPBFX]

Alcoa Corp.: technical analysis 26.07.2024

Good afternoon, dear forum visitors!

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

Shares of Alcoa Corp., one of the largest aluminum producers, are correcting at 33.00.

On the daily chart, the price is retreating from the lower border of the ascending channel with dynamic boundaries of 46.00–39.00.

On the four-hour chart, the probability of a decline remains high. After a consolidation below the low of 34.00, the price may reach the full Fibonacci correction level of 61.8% at 27.80. However, after a reversal, growth, and consolidation above the intermediate Fibonacci correction level of 50.0% at 34.00, an increase to the low of June 18 36.70 may follow.

Technical indicators are holding the sell signal: the EMA oscillation range on the Alligator indicator is expanding downwards, and the AO histogram is forming downward bars in the sell zone.

Trading tips

Short positions may be opened after the price declines and consolidates below 31.31, with the target at 27.80. Stop loss is 33.00. Implementation period: 7 days or more.

Long positions may be opened after the price grows and consolidates above 34.00, with the target at 36.69. Stop loss is 33.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Pfizer Inc.: technical analysis 29.07.2024

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.

Shares of Pfizer Inc., the largest American pharmaceutical company, are correcting at 30.60.

On the daily chart, the price is holding below the resistance line of the ascending channel with dynamic boundaries of 31.80–28.20, approaching it.

On the four-hour chart, the quotes have broken the high of July 21 at 30.00. After a breakout of the range’s resistance level of 31.70, they can reach 34.00. If the asset consolidates below the recently passed high of 30.00, a reversal and decrease may follow.

Technical indicators support and hold the buy signal: fast EMA on the Alligator indicator is again above the signal line, and the AO histogram forms ascending bars above the transition level.

Trading tips

Long positions may be opened after the price grows and consolidates above 31.10, with the target at 33.80. Stop loss — 30.30. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 30.10, with the target at 28.20. Stop loss — 31.00.

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]

Apple Inc.: technical analysis 31.07.2024

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.

Shares of Apple Inc., a giant in the development and sale of personal and tablet computers, are moving in a correction trend at 218.00.

On the daily chart, the price left the global ascending channel 233.00–220.00 and is retreating from the support line.

On the four-hour chart, the negative dynamics may continue as the quotes have overcome the high of 220.00, and now the nearest obstacle is the support level of 198.00.

Technical indicators confirm the likelihood of a continued decline: fast EMA on the Alligator indicator strengthen the sell signal, and the AO histogram forms downward bars below the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 214.20, with the target at 198.50. Stop loss is above 220.00. Implementation period: 7 days or more.

Long positions may be opened after the price grows and consolidates above 221.60, with the target at 233.00 and stop loss 216.00.

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]

EUR/USD: inflation in the eurozone has been above the ECB's target level for three years now 02.08.2024

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

During the Asian session, the EUR/USD pair quotes are correcting after a sharp decline the day before, as a result of which the single currency updated the local lows of July 3, and is now preparing to test 1.0800 for a breakout, while investors are in no hurry to open new trading positions ahead of the publication of the July report on the labor market. Forecasts call for a decline in the number of new jobs created by the US nonfarm sector to 175.0 thousand from 206.0 thousand and Average Hourly Earnings to 3.7% from 3.9% year-on-year, but the monthly figure is likely to show growth of the previous 0.3%, while the Unemployment Rate will remain at 4.1%. Further cooling of the labor market could become a driver for the US Federal Reserve to launch a monetary easing program. Analysts are considering a 25-basis-point cut in borrowing costs at the September meeting as the main scenario.

The data released on Wednesday did not appear to have dampened investors' expectations for a European Central Bank (ECB) interest rate cut in the autumn, but it did raise concerns about the timing of the 2.0% inflation target. In July, the Consumer Price Index rose from 2.5% to 2.6% year-on-year, while experts had expected 2.4%, and the Core CPI excluding Food and Energy was recorded at around 2.9%, with preliminary estimates of 2.8%. The fastest inflation rates are observed in Germany (up to 2.6% from 2.5% in June), France (up to 2.6% from 2.5%) and Italy (up to 1.7% from 0.9%), the lowest in Finland (0.6%). European monetary authorities have previously stressed that they expect a surge in consumer price growth before it returns to its 2.0% target in 2025. Today at 10:00 (GMT+2), European investors will pay attention only to data on the dynamics of Industrial Production: forecasts suggest a slowdown in monthly volumes in Italy from 0.5% to 0.0%, while in France, on the contrary, growth of 1.0% is expected after a sharp fall of 2.1% in June.

Market participants are also assessing the statistics on business activity dynamics presented the day before: the eurozone Manufacturing PMI rose from 45.6 points to 45.8 points in July, which turned out to be better than the neutral forecasts of analysts, and the American indicator rose from 49.5 points to 49.6 points, while the markets also did not expect any changes. At the same time, the ISM Manufacturing PMI adjusted from 48.5 points to 46.8 points, contrary to forecasts of 48.8 points.

Support and resistance

On the daily chart, Bollinger Bands are moderately declining. The price range expands from below, making way for new local lows for the "bears". MACD is declining, maintaining a strong sell signal and trying to consolidate below the zero level. Stochastic has been showing a horizontal direction near the level of "20" for some time now and has hardly reacted to the attempts of "bears" to seize the initiative.

Resistance levels: 1.0800, 1.0820, 1.0844, 1.0869.
Support levels: 1.0765, 1.0730, 1.0700, 1.0665.

Trading tips

Long positions can be opened after a breakout of 1.0820 with the target of 1.0869. Stop-loss — 1.0800. Implementation time: 1-2 days.

The return of a "bearish" trend with the breakdown of 1.0765 may become a signal for sales with the target at 1.0700. Stop-loss — 1.0800.

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 EUR/USD and trade efficiently with NPBFX.