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[Antony_NPBFX]

AUD/USD: pair updates lows 16.10.2020

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

AUD is declining against USD during today's Asian session, testing 0.7070. The instrument is losing about 0.26%, developing a strong "bearish" momentum that had formed the day before. The instrument is under pressure from the growing demand for safe assets, as investors are concerned about the possibility of a return to quarantine restrictions in Europe. In addition, traders take a lead from not the most confident macroeconomic statistics from Australia and China, which appeared on Thursday. Australian employment declined in September by 29.5K, while the Unemployment Rate rose from 6.8% to 6.9%. Consumer Price Index in China slowed growth from +0.4% MoM to +0.2% MoM.

Investors are analyzing the speech of the RBA Governor Philip Lowe, who complained about the high yield on 10-year bonds of Australia. According to analysts, this could be a hint of the launch of a new quantitative easing program worth about AUD 100B in November.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly expanding from below but does not conform to the development of the "bearish" trend yet. MACD is going down preserving a moderate sell signal (located below the signal line). Stochastic maintains its downtrend, but is approaching the level of "20", indicating the risks of the pair being oversold in the ultra-short term.

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

Resistance levels: 0.7100, 0.7129, 0.7150, 0.7200.
Support levels: 0.7055, 0.7030, 0.7000.

Trading tips

The breakdown of 0.7055 may serve as a signal to new sales with the target at 0.7000. Stop-loss – 0.7085. Implementation time: 1-2 days.

To open long positions, one can rely on the rebound from 0.7055, with the subsequent breakout of 0.7100. Take-profit – 0.7150. Stop-loss – 0.7070.

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

You can learn more about the current situation on AUD/USD 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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP wins back losses 19.10.2020

Good afternoon, dear forum visitors!

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

Current trend

GBP increases against USD today, preparing to test 1.2950 for a breakout. The positions of GBP are strengthening against a contradictory news background, which does not indicate the formation of any confident trend. Market participants remain very worried about the uncertain prospects for a trade deal between the UK and the EU, but traders seem to be trying to prepare for any outcome of the situation. Despite a number of optimistic statements from British representatives regarding the deal, official London is in no hurry to make noticeable concessions, hoping for such from Brussels. Uncertainty is also added by the situation with the new wave of coronavirus, which is shaping new drivers for the market.

Some support to GBP is provided by the Rightmove House Price Index published today. In October, the indicator increased by 1.1% MoM and 5.5% YoY, which turned out to be slightly better than the data of the previous month (+0.2% MoM and +5% YoY).

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 is going down preserving a previous sell signal (located below the signal line). Stochastic demonstrates a similar dynamics, quickly approaching its lows and the border at the level of "20".

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 1.2960, 1.3000, 1.3081.

Support levels: 1.2900, 1.2850, 1.2800, 1.2761.

Trading tips

To open long positions, one can rely on the breakout of 1.2960. Take-profit – 1.3081. Stop-loss – 1.2900. Implementation time: 2-3 days.

The breakdown of 1.2900 may serve as a signal to new sales with the target at 1.2800. Stop-loss – 1.2960.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: gold is strengthening 21.10.2020

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 during today's Asian session, taking advantage of the weakness of USD and updating local highs since October 13. The instrument is still supported by a high level of uncertainty in the market, which is associated with many factors. One of them is a new program of financial assistance for the American economy, around which real political battles unfolded. Investors are also noticeably concerned about the leadership of Democrat Joe Biden in the election race, which, if elected president, could dramatically increase budget spending, including supporting the economy amid the ongoing pandemic. The final debate of the presidential candidates will take place this Thursday, October 22.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is slightly narrowing from below, reflecting the ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). The indicator is about to test the zero level for a breakout. Stochastic is showing similar dynamics, approaching the level of "80", which indicates that the instrument is overbought in the ultra-short term.

Existing long positions should be kept until the situation clears up.

Resistance levels: 1920.82, 1935.00, 1955.00, 1966.25.
Support levels: 1910.00, 1900.00, 1885.00, 1872.80.

Trading tips

To open long positions, one can rely on the breakout of 1920.82. Take-profit – 1950.00. Stop-loss – 1905.00. Implementation time: 2-3 days.

A rebound from 1920.82 as from resistance followed by a breakdown of 1910.00 may become a signal for new sales with the target at 1885.00. Stop-loss – 1925.00.

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

How can a trader determine if it’s worth buying or selling XAU/USD 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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP is declining 23.10.2020

Good afternoon, dear forum visitors!

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

Current trend

GBP is declining against USD today, developing a "bearish" momentum formed the day before. GBP returned to negative dynamics yesterday after a record rally on Wednesday, which was fueled by growing hopes for a trade deal conclusion between the UK and the EU before the Brexit transition period expires in December. According to new estimates, the agreement could be signed by mid-November.

USD got moderate support yesterday after the publication of strong data on the dynamics of jobless claims. At the same time, investors have practically resigned themselves to the fact that new measures to support the US economy still cannot be agreed upon before the presidential elections in November, since it was not possible to reach a consensus among the American legislators.

On Friday, the pressure on GBP is exerted by uncertain statistics from the UK. Gfk Consumer Confidence Index in October fell from –25 to –31 points, which turned out to be worse than market forecasts of –28 points.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range slightly widens from above, which does not contradict the further growth of the instrument in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic is gradually reversing into a horizontal plane as it approaches the level of "80", reacting to the downtrend at the end of the week.

Resistance levels: 1.3081, 1.3125, 1.3175, 1.3200.
Support levels: 1.3000, 1.2960, 1.2900, 1.2850.

Trading tips

To open new short positions, one can rely on the breakdown of 1.3000. Take-profit – 1.2900. Stop-loss – 1.3050. Implementation time: 2-3 days.

Long positions can be opened after a breakout of 1.3050 with the target at 1.3125. Stop-loss – 1.3000.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: the dollar is waiting 26.10.2020

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

Today during the Asian session, the USD/CHF pair is showing ambiguous trading dynamics, holding just above the key support at 0.9000. Positive macroeconomic statistics, as well as hopes for the approval of a new stimulus package for the American economy in the foreseeable future, are holding back USD from further decline.

Investors continue to react to Friday's US business activity reports. Thus, Markit Manufacturing PMI for October rose slightly from 53.2 to 53.3 points, which is only 0.1 points less than market expectations. In turn, Service PMI for the same period increased from 54.6 to 56 points, while analysts did not expect changes in the indicator. Markit Composite PMI for October rose from 54.3 to 55.5 points.

On Monday, traders are awaiting the publication of statistics on the dynamics of new home sales in the US for September, as well as a speech by the head of the Swiss National Bank, Thomas Jordan.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is narrowing, reflecting the ambiguous nature of trading in the short term. The MACD indicator is trying to reverse upward, maintaining a sell signal (the histogram is below the signal line). Stochastic decreased below the level of 20 and is directed horizontally, signaling in favor of short-term and/or ultra-short term corrective growth.

Resistance levels: 0.9074, 0.9100, 0.9132, 0.9170.
Support levels: 0.9029, 0.9000, 0.8960.

Trading tips

Long positions may be opened after the rebound from 0.9029 and the breakout of 0.9074 with the target at 0.9132. Stop loss – 0.9035. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 0.9029 with the target at 0.8960. Stop loss – 0.9065.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

NZD/USD: the pair is showing neutrality 28.10.2020

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

The NZD/USD pair is showing neutral dynamics, trading near the level of 0.6710.

Yesterday the Bureau of Economic Statistics of New Zealand released international trade data. Exports for September amounted to $4.01 billion, and imports reached $5.02 billion. It negatively affected the monthly balance, which entered the negative zone and amounted to –$1.017 billion, which is significantly worse than the August indicator of –$282 million.

USD remains under pressure. On Tuesday, October the CB consumer confidence index was released, which fell to 100.9 against the forecast of 102.0. However, the main threat comes from the protests that have begun in Washington. Citizens, dissatisfied with the actions of law enforcement officers, gathered near a police station in the north of the capital. The experience of summer stocks suggests that the risks of a significant conflict are quite high; therefore, the prospects for the growth of the US dollar are doubtful.

Support and resistance

The price reached the resistance line of the local ascending channel, which coincides with the support of the global channel, which the price left in September. Technical indicators are in a buy state, which indicates a high probability of the instrument returning to the global channel. Alligator indicator’s EMA fluctuations range is directed upwards, and the histogram of the AO oscillator trades in the positive zone.

Resistance levels: 0.6753, 0.6900.
Support levels: 0.6656, 0.6522.

Trading tips

After growth or consolidation above the local resistance line around 0.6753, buy positions with a target around 0.6900 are relevant. Stop loss is 0.6700. Implementation period: 7 days or more.

After decline and reversal or consolidation below the local support at 0.6656, sell positions with the target at 0.6522 are relevant. Stop loss is 0.6700.

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]

Who won $1000 and iPhone 11 Pro in September’s Battle of Traders? Let’s sum it up

New stage of the Battle of Traders contest completed. Let’s see main figures of the contest, new records submitted and announce the winners' trading results!

Last mont, the contest brought together 2303 traders – 26% more than last year September’s contest. However, just like a year ago, traders were united by the spirit of the competition and the desire to win money from the $2,500 prize pool for trading on real account, as well as a super prize - iPhone 11 Pro. The analysis of participants' statements showed a wide variety of used trading strategies – scalping, EA trading on contest STP-accounts, trades were opened both on daily timeframes and expected to be closed within 5-10 days. The owners of some accounts preferred to work mainly with indices and metals. Dozens of statements of September contest show traditional currency pairs’ trading.

Unique "mono" accounts also participated in the contest – for example, a trader with the nickname star321 (account number - 205218) traded only EURUSD. Moreover, trading this currency pair provided him with success and one of the top ten places in rating (5th place).

Let's move on to a small selection of record figures: the largest number of transactions opened by a trader under the nickname BenGold (account number - 205714), the number of transactions on his account reached 21898. However, unfortunately, this fact did not secure him a place in the top 10 of the competition. The trader in 86th place under the nickname luchyna (account number - 205387) was the most successful among the traders who opened the minimum number of transactions. This trader opened just one trade on USDJPY, and it brought $6057 profit. With such a profitability, it is quite possible that in one of the next stages of the competition, the trader will become a prize-winner, having completed only the minimum volume of 10 transactions under the terms of the Battle of traders.

Traders used their chance to win in different ways. Who finally entered the top-ten in September and showed the most effective trading on demo account?

The main prize - $1000 and iPhone 11 Pro-is awarded to a trader with the nickname HUSEYNALI. The trader achieved an impressive trading result: $311632.79. It is worth noting, that for this result, he needed only 37 transactions! Trader reached the highest profit with transaction on NASDAQ100 index - $59656.80.

NPBFX expresses gratitude to all participants of the contest and congratulates the winners!

You do not need to have a start-up capital and risk your own funds to participate in the competition. The contest is held monthly on demo accounts of NPBFX and everyone can participate!

Sign up for the Battle of Traders right now.

 

[Antony_NPBFX]

Brent Crude Oil: oil prices decline 02.11.2020

Good afternoon, dear forum visitors!

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

Current trend

Today during the Asian session, oil prices are trading ambiguously, renewing record lows since May 29. The reason for the next wave of sales remains the further deterioration of the epidemiological situation in the world. Since Monday, quarantine has been announced in Germany, so the EU economy may contract noticeably at the end of the year. German Chancellor Angela Merkel announced an additional package of economic support of 10 billion euros but only according to preliminary estimates, according to the results of the "quarantine month", the German economy will lose more than 19 billion euros.

This week, the main source of uncertainty will be the US presidential election on Tuesday, November 3. In particular, investors are concerned that the possible victory of Joe Biden in the presidential race will lead to a weakening of sanctions against Iran, and cheap Iranian oil will return to the market after the Libyan one.

Support and resistance

On the daily chart, Bollinger bands moderately decline. The price range actively expands but not as fast as the “bearish” moods develop. MACD falls, maintaining a strong sell signal (the histogram is below the signal line). Stochastic reached its lows and reversed horizontally, indicating that the instrument is strongly oversold in the super short term.

To open new trading positions, it is better to wait until the signals from technical indicators are clarified.

Resistance levels: 36.59, 38.00, 39.00, 40.00.

Support levels: 35.41, 34.22, 33.21.

Trading tips

Long positions may be opened after the rebound from 35.41 and the breakout of 36.59 with the target at 39.00. Stop loss – 35.41. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 35.41 with the target at 33.21. Stop loss – 36.59.

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

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR remains under pressure 04.11.2020

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 declines actively against USD today, leveling out attempts at corrective growth the day before. The dynamics of trading remains very uneven, due to the tension around the vote count in the US presidential election. Opinion polls continue to point to Democratic leadership, but everyone remembers the 2016 scenario, when real results easily disproved most predictions.

Uncertainty on the market is also added by the remaining complex epidemiological situation, which is forcing countries to return extremely unpopular measures to restrict the movement of citizens. For many small businesses, surviving the second wave of lockdown will be daunting.

Today, European investors are focused on business activity statistics in the euro area. In addition, today a meeting of the Economic and Financial Affairs Council will be held, where prospects for additional support for the region's economy may be discussed.

Support and resistance

Bollinger Bands in D1 chart demonstrate weak decrease. The price range widens slightly from below, reflecting the continued "bearish" momentum after a strong decline in the instrument last week. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, on the contrary, points at the development of the corrective growth of the instrument in the nearest time intervals and is still weakly reacting to the renewed decline in the trading of today's morning session.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 1.1700, 1.1732, 1.1763, 1.1800.
Support levels: 1.1657, 1.1625, 1.1600, 1.1550.

Trading tips

The breakdown of 1.1625 may serve as a signal to new sales with the target at 1.1550. Stop-loss – 1.1670. Implementation time: 2-3 days.

To open long positions, one can rely on the breakout of 1.1700. Take-profit – 1.1763. Stop-loss – 1.1670.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: oil is weakening 06.11.2020

Good afternoon, dear forum visitors!

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

Current trend

Oil prices began to decline again, dropping to $39.50 per barrel.

EIA data on oil reserves confirmed OPEC's negative scenario. The indicator fell by 7.998 million barrels against the background of the expected increase in reserves by 0.890 million. These data did not have a positive effect on the instrument. On the contrary, investors began to expect with even greater concern the data correction next week. Yesterday, Saudi Aramco said it would cut its December selling prices for Asian buyers. The company decided to take such a step due to a decrease in demand for the company's products under the influence of the second wave of the COVID-19 pandemic.

It is becoming more and more obvious that at the OPEC meeting to be held in mid-November, the main issue will be a new cut in production volumes, which the Russian Federation is actively opposing so far.

Support and resistance

On the local chart, the price moves within the local Expanding formation pattern, within which it approaches the resistance line. Technical indicators are in the state of a sell signal but are starting to slow down. The range of fluctuations of the EMA indicator Alligator begins to narrow, and the histogram of the AO oscillator is approaching the buy zone.

Resistance levels: 41.10, 43.50.
Support levels: 38.90, 35.30.

Trading tips

After reversal and growth or consolidation above the local resistance level at 41.10, buy positions with the target at 43.50 are relevant. Stop loss is 40.00, below the support level. Implementation period: 7 days or more.

After decline or consolidation below the local support level at 38.90, it is relevant to open sell positions with the target at 35.30. Stop loss is 40.00.

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

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.