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[Antony_NPBFX]

NZD/USD: New Zealand dollar is under the pressure 23.10.2017

Good afternoon, dear forum visitors!

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

Current trend

In the end of the previous week New Zealand dollar was decreasing against the US one, renewing its lows since May, 22. Thursday’s and Friday’s «bearish» dynamics was the strongest in 2017 and was connected with the rapid growth of optimistic moods in the market upon the US tax reformation.

Senate approved the 2018 budget, which includes the reduction, and it can potentially provide the implementation of the large tax reformation, which has been announced earlier. The reformation is one of the main election promises of Donald Trump’s Administration. However, the implementation of tax cuts can increase the US budget deficit by 1.5 trillion dollars in 10 years.

Support and resistance

On the daily chart Bollinger Bands are falling. The price range is widening. During the morning session on October, 23, the correctional growth is possible.

MACD is going down, keeping strong sell signal (the histogram is below the signal line). It’s better to keep current short positions in the short and very short term, but not to open new ones.

Stochastic is around its lows, which reflects that the instrument is oversold in the short term, and the correctional growth can appear.

Resistance levels: 0.7000, 0.7053, 0.7100, 0.7144.

Support levels: 0.6930, 0.6900, 0.6861.

Trading tips

Long positions can be opened after the rebound from the level of 0.6930. Take profit is 0.7053–0.7100. Stop loss is 0.6880. Implementation period: 2-3 days.

Strong breakdown of the level of 0.6930 can become a signal to open short positions with the targets at 0.6861–0.9840. Stop loss is 0.6990. Implementation period: 2–3 days.

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]

Brent Crude Oil: oil is trading in both directions 26.10.2017

Good afternoon, dear forum visitors!

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

Current trend

Oil prices slightly reduced during trading on Wednesday, but managed to restore and compensate the majority of losses by the moment of closing of the daily session. According to the report, as of October 20 the stock of oil and petrochemicals in the USA grew by 856K barrels after reduction by 5.731 mln barrels in the previous reporting period. Analysts expected reduction by 2.578 mln barrels. The instrument was supported by statements of the Saudi Arabian Minister of Energy who pointed out that his country would advocate for the reduction of oil production in industrially developed states to the average level in the recent 5 years.

Support and resistance

Bollinger Bands in D1 chart demonstrate quite active growth. The price range is narrowing. MACD is showing unstable growth preserving a weak buy signal (the histogram is above the signal line). Stochastic preserves quite stable upward direction.

Resistance levels: 58.17, 58.73, 59.00.

Support levels: 57.50, 57.00, 56.57, 56.04.

Trading tips

Long positions may be opened after the breakthrough of the levels of 58.17, 58.30 with target at 59.00 and stop-loss at 57.80. The period of implementation is 2 days.

A breakdown of the level of 57.50 may be a signal for the beginning of corrective sales with target at 56.57 and stop-loss at 58.00. The period of implementation is 2-3 days.

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 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 and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: the pair is trading in both directions 30.10.2017

Good afternoon, dear forum visitors!

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

Current trend

Gold prices grew considerably last Friday, moving away from the local maximum since October 6. The reason for the occurrence of “bullish” dynamics was technical correction factors, while the positions of the US currency remained quite stable.

Investors once again pay attention to the difference between the interest rates of the Fed and other central banks. Namely, last week ECB announced that the rates will remain low for a long time. Together with possible growth of the Fed’s rates until the end of 2017, this gives USD considerable support.

Gold also receives moderate support from speculations about the next head of the Fed. According to the media, Trump prefers Powell who is considered more neutral than Taylor. The head of the Fed will determine the rate of monetary policy tightening in the country which in turn will put pressure on gold as a non-interest-bearing asset.

Support ans resistance

Bollinger Bands in D1 chart show gradual decrease. The price range is slightly widening from below. MACD indicator is slowly growing preserving a sell signal (the histogram is below the signal line). Stochastic shows flat dynamics and is located near 20.

Resistance levels: 1272.14, 1276.26, 1283.29, 1290.67.

Support levels: 1266.01, 1260.25, 1251.03.

Trading tips

Long positions may be opened after the breakthrough of the level of 1276.26 with target at 1290.67 and stop-loss at 1270.00. The period of implementation is 2 days.

A breakdown of the level of 1266.01 may be a signal for the continuation of sales in the short term with target at 1251.03 and stop-loss at 1272.14. The period of implementation is 2-3 days.

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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: dollar is falling 02.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Today US dollar is falling against yen moving away from local maximums formed after stable 2-day growth. Investors abstain from buying USD in view of important upcoming events that may considerably influence the dynamics of the market.

First of all, market players wait for the announcement of the new head of thr Fed at 21:00 (GMT+2). Yesterday President Trump wrote about in in his Twitter. Analysts believe it will be Jerome Powell who has a quite mild stand regarding further tightening of the monetary policy.

Secondly, investors are cautious before the release of the tax bill that has been speculated about a lot recently. Finally, on Friday traders wait for the release of the October report on the US labor market. Taking yesterday’s ADP report into account, October data may meet quite high market expectations.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is actively narrowing. MACD indicator is falling preserving a weak sell signal (the histogram is below the signal line). Stochastic preserves a quite stable upward trend.

Resistance levels: 114.26, 114.47, 115.00.

Suport levels: 113.85, 113.55, 113.24, 112.93.

Trading tips

Long positions may be opened after breaking through the level of114.26 with target at 115.00 and stop-loss at 113.85. The period of implementation is 2-3 days.

A breakdown of the level of 113.55 may be a signal for downward correction with targets at 113.00, 112.55 and stop-loss at 114.00. The period of implementation is 2-3 days.

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]

Bulls against bears: how to use the Forex Market Review on the NPBFX portal to indicate market sentiment

Good afternoon, dear forum visitors!

On the Forex market traders can observe cyclical changes in sentiment - bull and bearish. How to understand them properly and earn on the eternal market confrontation between the two forces? We will understand today together with the best instruments on the NPBFX analytical portal.

Bulls vs. The Bears

The bull market is dominated by traders who open deals to buy currencies (long positions), stimulating demand and causing even greater growth of currency price. As a rule, at such moments on the market you can observe an upward trend, but you should hurry to open deals for buying- the bull market can exist before the trend reversal.

On the bear market most players are aimed to lower prices and put up orders for sale (short positions). The price of a currency pair is constantly falling under the pressure of negative news and the constantly increasing number of applications for sale.

Sometimes it is more profitable to buy on the bear market, the main thing is to catch a moment when the price reaches its bottom. But you should be very cautious not to accept correction for the trend reversal. And the Forex Market Review instrument on the NPBFX portal perfectly helps to understand the current situation on the market.

What is the use of Forex Market Review indicator?

The Forex Market Review indicator helps traders to monitor the dynamics of buys/sales of certain currencies over a period of time, which allows to determine an optimal time to make a deal. That is, you can see what part of traders is buying now, and what part of traders is selling the instrument of interest. This information is important for both types of traders - those who make deals with the crowd, and those who go against the majority.

How to use the Forex Market Review instrument?

The Forex Market Review indicator can be found in the Signals section on the NPBFX analytical portal. It shows the ratio of buys to sales of trading instruments in percent. You can find the 11 most popular currency pairs and two types of crude oil. The data is updated every 10 minutes, so that it makes possible to understand the real picture on the market.

It is important to understand, that the instrument does not signal directly that you need to sale or buy, a trader makes a decision independently based on his goals and strategy. You can use the Forex Market Review indicator as an addition to any trading strategy to confirm confidence in trading decisions.

An example of using the indicator. Let's suppose you see the indicator shows on the AUDUSD pair a value of 62% BUY and 38% SELL. This means that among all the bidders at the moment, 62% of participants have long positions (bulls) and 38% short positions (bears). If the selected currency pair will gain growth, then in long positions there will be, for example, 95% of bulls and only 5% of bears. This indication is considered to be critical, when the number of traders who are able to increase the growth of the selected currency pair, is not much at all. In this situation you can expect a market reversal. A critical level for each currency pair can be different. If a trader notes a multiple turn of price when it reaches long positions at a certain percentage, for example, 82%, then most likely, this number is critical for this pair. When the mark approaches the border of 82%, you can expect a signal about the reversal.

Together with the Forex Market Review indicator traders can use trading signals, analytics on the portal, which will further increase the accuracy and efficiency of trading. Also you can get a detailed consultation of the analyst in the chat on the instruments of interest and your trading decisions. Free and unlimited access to the Forex Market Review and other useful instruments on the portal is available to all registered users on the NPBFX website.

 

[Antony_NPBFX]

XAU/USD: the instrument is trading in the flat 07.11.2017

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 considerably grew during Monday trading having compensated a rapid fall at the end of the previous week and approached local maximums as of November 2. The demand for gold grew in view of USD consolidation and reduction of return on US and German bonds. The latter reached 2-month minimums as investors wanted ECB to release new data on the QE program.

Pressure on gold is put by expectations of one more increase of interest rates in the USA in 2017. Despite volatile indexes of inflation pressure, the Fed is very likely to increase the rate during the December meeting which was confirmed by different representatives of the regulator numerous times. According to the futures market, the possibility of growth rate in December exceeds 96% as of today.

Support and resistance

Bollinger bands in the D1 chart show flat dynamics. The price range is narrowing. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic is showing similar dynamics preserving an upward trend.

Resistance levels: 1283.77, 1290.67, 1298.33.

Support levels: 1276.26, 1272.14, 1267.30, 1263.37.

Trading tips

Long positions may be opened after the breakthrough of the level of 1283.77 with target at 1290.67 and stop-loss at 1279.00. The period of implementation is 2 days.

A breakdown of the level of 1276.26 may be a signal for the beginning of corrective sales with targets at1267.30, 1263.37 and stop-loss at 1282.00. The period of implementation is 2-3 days.

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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAG/USD: general review on 08.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Silver continues to slightly strengthen against USD. By now the price has broken down the resistance level of 5/8 Murrey or 16.99. If it consolidates above 17.00, the next target will be 17.18.

The demand for silver was caused by the publication by Fitch agency. It stated that Trump’s tax reform was far from being certain and could undergo numerous changes, although the Republicans claimed they were ready to resolve this issue until the end of the year.

On the other hand, certain outflow of cash from precious metals could be caused by further strengthening of digital currencies. The chairman of CME Leo Melamed stated that bitcoin could become a new class of assets like gold or silver. The trading site also promised to release futures by the end of the year. Many investors are very skeptical about that and believe the digital currencies market is just another bubble and precious metals will remain the instruments for asset preservation.

Support and resistance

Stochastic is at 200 points and indicates possible correction of the asset from current levels.

Resistance levels: 17.18, 17.35.

Support levels: 16.99, 16.88.

Trading tips

Long positions may be opened at the current market price with target at 17.18 and stop-loss at 16.83.

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

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

 

[Antony_NPBFX]

Why STP accounts? The five main advantages in NPBFX, impossible to refuse from

Good afternoon, dear forum visitors!

A trader today can choose the most favorable and suitable conditions for himself in the market of brokerage services. So, you can choose the best variants of the main parameters to start successful trading: leverage, execution speed, suitable minimum deposit and the way of orders execution (DD, NDD, ECN, STP). Among other advantages, NPBFX offers trading on STP accounts. Why STP accounts and what advantages do they give to traders?

5 main advantages of STP accounts in NPBFX:

1) No conflict of interest. STP means work by broker service model, when NPBFX does not appear as the second side of clients’ deals. Output of deals to the interbank market to liquidity providers is possible by using a bridge from the MetaTrader 4 trading platform. Such technological "bridges" allow to transfer a position not to only one bank but directly to a group of them, which provides the broker with a liquidity. Each client’s deal is hedged with liquidity providers, so the company doesn’t have an open currency position. And the income of the company is formed exclusively from a supplement to spreads — markup. Therefore, NPBFX is really interested in large volumes and profitable trading of its clients.

2) Instant speed up to 100-300 ms. Direct withdrawal to the interbank market without intermediaries makes it possible to reduce such a precious execution time for each trader. In addition, NPBFX locates its servers in the Equinix NY4 data center in New York to further enhance the reliability and speed of execution. On basic accounts the execution speed can be 1-1.5 seconds, while STP-accounts in NPBFX offer execution up to 100-300 ms. A huge difference, especially for scalpers and high-frequency traders, when a part of seconds can decide everything.

3) The best price of execution. NPBFX offers its clients the best market prices provided by the liquidity of Tier 1 banks and ECN systems (Integral, Currenex, Hotspot). Prices from liquidity providers are compared among themselves, and the first best price that satisfies the request is selected. Thus, a client receives the best price from the liquidity provider at the point time.

4) No requotes. Requotes or repeated quotes are the difference between the requested price of the trader and the one that reaches the broker. They can appear in case of strong movements in the market or low quality of execution, prevent closing a losing deal. Requotes are one the "headache" for traders in the market. But not for NPBFX clients.

5) 0 commissions and low spreads. You don’t need to pay any commissions for making deals, like on a ECN account, when a trader pays, for example, 5 units of currency for 1 lot. Additionally, NPBFX offers clients narrow spreads for profitable trading. So, spreads for one of the most popular pairs EURUSD are only from 0,4 ... 0,8 points, depending on the chosen account type.

STP is the quality mark

The execution of client’s deals via STP technology (literal abbreviation from English "Straight Through Processing") opens a new horizon of opportunities for traders, removing the restrictions that traders have to put up with on other account types. Reliability, quality, speed are three milestones on which STP is held. When trading via STP technology you can use any trading strategy without any restrictions, this variant is suitable for long-term,
intraday, and high-frequency traders.

Nowadays STP is the most proper technology, combining innovative solutions for profitable and convenient trade. That’s why NPBFX offers its clients the best. Choose one of the three available account types - Master, Expert or VIP and try trading at new heights with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the pair is growing 13.11.2017

Good afternoon, dear forum visitors!

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

Current trend

Euro is trading in both directions against US dollar during today’s morning session consolidating near local maximums updated at the end of the previous week. The instrument is still supported by quite weak positions of the US currency that remains without support from macroeconomic statistics. Last Friday investors were disappointed by the reduction of consumer confidence index by the University of Michigan in November from 100.7 to 97.8 points (while the analysts expected no changes).

Moderate growth of USD is supported by resumed growth of returns on US bonds. By the end of the Friday trading session the return on 10-year-old securities reached the level of 2.400% which is a maximum since the beginning of the month.

Today traders will focus their attention on the monthly report on the state of the US budget in October that is due at 21:00 (GMT+2). The report is expected to show rapid growth of budget deficiency to $50 bln.

Support and resistance

Bollinger Bands in D1 chart show reduction. The price range is narrowing. MACD indicator is growing preserving a quite stable buy signal (the histogram is above the signal line). Stochastic also preserves upward direction but is approaching the level of 80.

Resistance levels: 1.1659, 1.1688, 1.1730, 1.1755.

Support levels: 1.1622, 1.1572, 1.1552, 1.1500.

Trading tips

Long positions may be opened after breaking through the levels of 1.1659 or 1.1688 with targets at 1.1755, 1.1800 and stop-loss at 1.1620. The period of implementation is 2-3 days.

Breaking down the level of 1.1622 may be a signal for corrective sales with targets at 1.1572 or 1.1550 and stop-loss at 1.1665. The period of implementation is 2-3 days.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

WTI Crude Oil: oil prices are reducing 16.11.2017

Good afternoon, dear forum visitors!

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

Current trend

WTI oil prices remain near local maximums updated on Wednesday. The instrument is under pressure from the report on international oil demandpublished earlier by the IEA. Moreover, investors were disappointed with the report on oil stock within the week that finished on November 10 prepared by the US Department of Energy.

A report by the US Department of Energy released yesterday showed quite unexpected growth of oil reserves by 1.854 mln barrels after increase by 2.237 mln during the previous reporting period. US oil production grew from 9.620 to 9.645 mln barrels a day.

Speaking about the outlooks by EIA, on Tuesday it reduced its own forecast for the current year by 100,000 barrels a day. Therefore, the total volume of demand for 2017 made up 1,5 mln barrels a day. In 2018 the total volume of oil may drop to 1.3 mln barrels a day.

Support and resistance

Bollinger Bands in the H4 chart show stable decrease. The price range is actively narrowing. MACD indicator is growing preserving a moderate buy signal (the histogram is above the signal line). Stochastic has reversed horizontally.

Resistance levels: 55.66, 56.27, 57.00, 57.70.

Support levels: 55.00, 53.86, 53.00, 52.36.

Trading tips

Long positions may be opened after breaking out the level of 55.66 with target 57.00 and stop-loss at 54.90. The period of implementation is 2-3 days.

Breaking down the level of 55.00 may be a signal for opening short positions with target at 53.00 and stop-loss at 56.00, 56.20. The period of implementation is 2-3 days.

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

You can learn more about the current situation on crude oil and get acquainted with the weekly analytical forecast for WTI in the "Video reviews" section on the NPBFX portal. Also 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 WTI and trade efficiently with NPBFX.