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[Antony_NPBFX]

Visa Inc.: wave analysis 27.04.2022

Good afternoon, dear forum visitors!

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

The price may fall.

On the daily chart, the third wave of the higher level (3) developed, and a downward correction formed as the fourth wave (4). Now, the wave A of (4) is developing, within which the development of the wave iv of A is ending, and the wave v of A is forming. If the assumption is correct, the price will fall to the levels of 178.37–135.65. In this scenario, critical stop loss level is 223.95.

Main scenario

Short positions will become relevant during the correction, below the level of 223.95 with the targets at 178.37–135.65. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 223.95 will let the price grow to the levels of 252.95–280.00.

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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 Visa Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Apple Inc.: technical analysis 29.04.2022

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.

US tech giant Apple Inc. traded in a corrective trend around 163.00.

On the daily chart of the asset, a wide downward channel continues to form, within which the price is falling towards the support line and has already reached the Fibonacci base retracement level of 38.2% at around 156.00.

Despite the local growth, there is a clear predominance of a downtrend in the four-hour time frame. It is only a matter of time before the price breaks the channel support line at 149.00 and then reaches the full Fibonacci retracement level of 61.8% at 141.00.

The high probability of a global decline in quotes is also confirmed by the readings of technical indicators: the range of EMA fluctuations on the Alligator indicator began to expand towards decline, and the histogram of the AO oscillator moved to the sales zone, forming descending bars.

Trading tips

If the main scenario is realized, the asset reverses and continues to decline, as well as the price consolidating below the Fibonacci base retracement level of 38.2%, located at 156.00, it is worth opening short positions with the target at 141.00 and stop-loss at 160.00. Implementation time: 7 days and more.

If the alternative scenario is implemented and the asset continues to grow, as well as the price consolidates above the initial retracement level of 23.6% at 166.00, long positions with the target at 181.00 will be relevant. Stop-loss – 160.00.

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]

USD/CAD: Canada's GDP reflected the growth of the economy 02.05.2022

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

The Canadian currency continues to resist the active growth of the US dollar, receiving support after the publication of data on Gross Domestic Product (GDP). At the moment, the quotes of USD/CAD are trading in a local uptrend at around 1.2869.

Thus, according to the statistics presented, Canada's economy grew by 1.1% in February, which is the best indicator since March 2021. Experts also note a significant strengthening of the services sectors (by 0.9%) and the production of goods (by 1.5%). Sixteen out of twenty industries grew in this period, and preliminary data show that in March, the country's GDP may continue its positive dynamics and add another 0.5% due to the recovery of the national tourism market, as coronavirus restrictions were significantly eased. More than one million tourists visited Canada in the middle of last month for the first time since the pandemic, according to the Canada Border Services Agency (CBSA). As for the quarterly GDP indicator, the preliminary forecast indicates a possible growth of 1.4%, which may also have a positive impact on the national currency.

Meanwhile, the US dollar is still holding above 103.000 in the USD Index after Friday's release of macroeconomic statistics. The Labor Cost Index in Q1 increased by 1.4% from 1.0%, which exceeded the 1.1% expected by analysts, and the Earnings index rose by 1.20%, having risen by 1.00% a quarter earlier, while the annual Personal Consumption Expenditure Index stood at 6.6 points in March, outperforming February's 6.3 points.

Support and resistance

On the daily chart, the price continues to trade within a wide channel, actively approaching the resistance line. Technical indicators are holding a steady signal to open long positions: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is forming new ascending bars trading in the buy zone.

Support levels: 1.2798, 1.2448.
Resistance levels: 1.2937, 1.3100.

Trading tips

If the asset continues growing and the price consolidates above 1.2937, long positions with the target of 1.3100 will be relevant. Stop-loss – 1.2900. Implementation time: 7 days and more.

If the asset reverses and declines and the price consolidates below 1.2798, short positions can be opened with the target at 1.2448. Stop-loss – 1.2900.

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/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

McDonald’s Corp.: technical analysis 04.05.2022

Good afternoon, dear forum visitors!

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

Shares of the world's largest fast food chain McDonald's Corp. are declining, trading around 245.00.

On the daily chart of the asset, the formation of a global correction continues, which, after the completion of the next wave of upward movement, is preparing to move on to a new stage of decline. After working out the Head and Shoulders pattern, the quotes of the asset returned to the broken Neckline at around 258.00 and are now preparing for a reversal.

On the four-hour time frame, the upcoming reversal is indicated by the formation of a new local Head and Shoulders pattern, the development of which can continue to the level of the initial trend of 61.8% of the Fibonacci extension at around 226.00. The high probability of a price decline is also confirmed by technical indicators, which almost completely reversed downwards: fast EMAs on the Alligator indicator are actively approaching the signal line, and on the AO oscillator, the histogram continues to form bars with a downtrend, approaching the transition level.

Trading tips

If the asset reverses completely and continues the global decline, and the price consolidates below the local support level at 242.00, short positions can be opened with the target at 226.00. Stop-loss must be set above the local support level of 250.00. Implementation time: 7 days and more.

If the growth of the asset continues and the price consolidates above the local resistance level of 254.00, it is worth opening long positions in order to reach the resistance level of 263.00. Stop-loss – 248.00.

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 McDonald’s Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: wave analysis 06.05.2022

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.

The asset is in correction; the probability of fall is maintained.

On the daily chart, an ascending wave C is developing, in which the first wave 1 of (1) of C was formed. At the moment, the downward correction continues to develop as the second wave 2 of (1) of C, in which the lower level wave a of 2 has formed and the wave b of 2 is developing. If the assumption is correct, the price will fall to the levels of 77.08–62.50. The level of 139.45 is critical and stop-loss for this scenario.

Main scenario

Short positions are relevant from the corrections below the level of 139.45 with the targets at 77.08–62.50. Implementation time: 7 days and more.

Alternative scenario

Breakout and consolidation of the price above the level of 139.45 will allow the instrument to rise to the levels of 155.00–170.00.

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

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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]

NZD/USD: pressure on the New Zealand economy intensifies 09.05.2022

Good afternoon, dear forum visitors!

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

Current trend

The New Zealand dollar continues to fall against the US currency after the release of poor macroeconomic data, currently trading around the level of 0.6345.

Thus, according to the publication of Statistics New Zealand, annual wage inflation for March, measured by the labor cost index, increased to 3.0% compared to 2.6% a month earlier and reached its high in the last 13 years. Statistics also recorded an increase in the cost of labor for enterprises, which ultimately leads to an increase in prices for manufactured products, contributing, in turn, to a slowdown in economic recovery. The increase in consumer prices on an annualized basis has already exceeded wage inflation, amounting to 6.9% for March against 3.0% for April and reflecting the declining ability to pay. Also, experts predict a weakening of the national currency due to a negative impact on the economy if demand in China decreases due to the quarantine lockdowns caused by a new wave of COVID-19. From May 5, Beijing residents must provide a negative test for coronavirus in public transport, and from May 1, the same rule applies in all public places.

The US currency continues to trade above 103.000 in the USD Index, and late last week, it received significant support after the release of data on US non-farm payrolls. Despite preliminary estimates by analysts who assumed a decrease in jobs by 391K from 424K a week earlier, the figure remained unchanged, which is a positive factor for the dollar dynamics. Meanwhile, manufacturing jobs rose by 55K from 43K, and private non-farm payrolls stood at 406K against a forecast of 385K. The unemployment rate remained flat at 3.6%, instead of an expected decline to 3 5%, while the average hourly wage slowed growth from 0.5% to 0.3%, allowing investors to hope to reduce inflation. At the moment, market participants are trying to assess how the US economy will be affected by the current tightening of monetary policy by the US Federal Reserve: will it withstand pressure or still go into recession.

Support and resistance

The instrument's quotes are traded within the global downward channel, near the support line. Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram trades deep in the sell zone.

Support levels: 0.6350, 0.6100.
Resistance levels: 0.6540, 0.6800.

Trading tips

After a decline or consolidation below the local support level of 0.6350, sell positions with the target at 0.6100 are relevant. Stop loss – 0.6500. Implementation period: 7 days or more.

After a reversal, growth, or consolidation above the local resistance level of 0.6540, long positions with the target at 0.6800 will be relevant. Stop loss – 0.6400.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

 

[Antony_NPBFX]

Alcoa Corp.: technical analysis 11.05.2022

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.

The shares of Alcoa Corp., one of the world's largest aluminum producers, are correcting at 55.00.

On the daily chart of the asset, a local ascending channel has formed, which is the final stage of the global trend wave. The trend in the instrument changed, and the price managed to break the initial 23.6% Fibonacci retracement at 76.00 and the 38.2% base retracement at 62.50.

On the four-hour chart, the next support for the rate is the 50.0% Fibonacci intermediate correction level at 51.50, after which the correction will form completely.

Technical indicators maintain a clear sell signal: indicator Alligator's EMA fluctuations range expands downwards, and the histogram of the AO oscillator forms bars with a downward trend in the sell zone.

Trading tips

After the asset declines and consolidates below the intermediate correction level at 51.50, the main scenario, assuming the formation of sell positions with the target at 40.50 and stop loss around 55.00, will be relevant. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the 38.2% basic correction at 62.50, it is worth opening long positions with the target at 76.00 and stop loss 58.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: wave analysis 13.05.2022

Good afternoon, dear forum visitors!

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

The pair is in a correction and may grow.

On the daily chart, the fifth wave of the higher level (5) of 3 develops, within which the wave 3 of (5) formed. Now, a downward correction is ending as the fourth wave 4 of (5), within which the development of the wave c of 4 is ending. If the assumption is correct, after the end of the correction, the pair XAU/USD will grow to the levels of 2070.42–2200.00. In this scenario, critical stop loss level is 1770.20.

Main scenario

Long positions will become relevant after the end of the correction, above the level of 1770.20 with the targets at 2070.42–2200.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1770.20 will let the pair go down to the levels of 1622.75–1513.95.

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]

Walmart Inc.: technical analysis 16.05.2022

Good afternoon, dear forum visitors!

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

The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are correcting, trading at 148.00.

On the daily chart of the asset, the price entered a full-fledged correction, consolidation below the initial correction of 23.6% Fibonacci around 153.00. The signs of decline will become the price breaking the 38.2% Fibonacci base retracement at 146.00 and the proximity of the resistance line of the recently passed wide downwards channel at 145.00.

Technical indicators gave a new sell signal: indicator Alligator's EMA fluctuations range began to expand downwards actively, and the histogram of the AO oscillator moved into the sell zone, forming the first bars below the transition level.

Trading tips

After the price drops and consolidates below the intermediate correction level of 146.00, the main scenario is relevant, assuming the formation of sell positions with the target at 143.00 and stop loss 148.00. Implementation period: 7 days or more.

After the price reverses, rises, and consolidates above the basic correction level of 150.00, an alternative scenario is relevant, which involves the formation of buy positions with the target at 154.00 and stop loss 148.00.

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 Walmart Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Visa Inc. Class A: technical analysis 18.05.2022

Good afternoon, dear forum visitors!

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

The shares of Visa Inc. Class A, the largest American multinational company providing payment transaction services, are corrected at 203.00.

On the daily chart of the asset, a global side channel is developing with the boundaries of 189.00–235.00, and at the moment, the price has reversed upwards from its support line.

Primary signs of a reversal appeared on the four-hour chart: the price has broken the local resistance around 200.00. Technical indicators also point to a high probability of continued growth: indicator Alligator’s EMA fluctuations range began to actively narrow, fast EMAs are approaching the signal line, and the AO oscillator histogram began to form new rising bars in the sell zone.

Trading tips

After the price rises and consolidates above the local resistance level at 205.00, the main scenario is relevant, assuming the formation of buy positions with the target at 235.00 and stop loss 200.00. Implementation period: 7 days or more.

After the price reverses, falls, and consolidates below the support level at 189.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at 170.00 and stop loss around 200.00.

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 Visa Inc. and trade efficiently with NPBFX.