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[Antony_NPBFX]

XAU/USD: gold prices are rising 04.03.2020

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 rose sharply at yesterday’s trading, completely leveling the negative dynamics of the instrument at the end of last trading week. A slight increase can be seen during today’s Asian session; however, the “bullish” activity is noticeably reduced. The reason for the surge in purchasing activity for the instrument was a sudden decrease in the interest rate by the Fed after a conference of G7 finance ministers. The US regulator set a precedent, and now investors are even more nervous, expecting similar actions from other banks. Today, investors are focused on macroeconomic statistics from the US on business activity from ISM and Markit. In addition, closer to the end of the afternoon session, the Fed will publish its updated economic review, the so-called Beige Book.

Support and resistance

Bollinger Bands on D1 chart show moderate growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD indicator is recovering forming a new buy signal (located above the signal line). Stochastic keeps the uptrend, approaching its highs rapidly, which may indicate growing risks associated with overbought instrument in the ultra-short term.

Current indications do not contradict further growth of the instrument in the near future.

Resistance levels: 1660.15, 1675.00, 1689.11.

Support levels: 1640.00, 1630.00, 1620.00, 1611.06.

Trading tips

To open long positions, one can rely on the breakout of 1660.15. Take-profit – 1689.11. Stop-loss – 1648.00.

A breakdown of 1640.00 or 1630.00 may be a signal for new sales with target at 1611.06 or 1602.18. Stop-loss – 1645.00 or 1655.00.

Implementation time: 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]

GBP/USD: GBP is strengthening 06.03.2020

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 shows a slight increase against USD during today’s Asian session, trading near local highs of February 26, updated yesterday. GBP is supported by weakening expectations of lowering interest rates by the Bank of England. The new head of the British regulator, Andrew Bailey, who is due to take office March 16, said the Bank of England should not rush to cut rates after the Fed. According to Bailey, it is necessary to assess the risks of the spread of the virus and its economic consequences. The instrument is supported by weak positions of USD, vulnerable after an unexpected decrease in the interest rate by the Fed on Tuesday.

The growth of GBP above 1.3000 is hindered by uncertainty around the trade negotiations between the UK and the EU. Boris Johnson remains adamant and declares his readiness to leave the negotiations without an agreement if the EU does not reduce its requirements.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic keeps its upward direction approaching its highs rapidly, which reflects overbought pound in the ultra-short term.

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

Resistance levels: 1.2970, 1.3000, 1.3030, 1.3068.

Support levels: 1.2940, 1.2900, 1.2870, 1.2848.

Trading tips

To open long positions, one can rely on the breakout of 1.2970. Take-profit – 1.3030 or 1.3050. Stop-loss – 1.2930 or 1.2920.

The rebound from 1.2970 as from resistance with the subsequent breakdown of 1.2940 or 1.2930 can become a signal for new sales with target at 1.2870 or 1.2848. Stop-loss – 1.2970 or 1.2980.

Implementation time: 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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD collapsed to new lows 09.03.2020

Good afternoon, dear forum visitors!

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

Current trend

USD is showing active decrease against JPY during today’s Asian session, updating record lows of November 2016. The instrument loses more than 2%, opening with a negative gap. USD is practically not affected by the strong report on the US labor market published at the end of the last trading week. Also, investors react rather sluggishly to the data from Japan released today. Meanwhile, Japan’s GDP in Q4 2019 decreased by 1.8% QoQ after a decrease of 1.6% QoQ in the previous period. In annual terms, GDP in Q4 2019 decreased by 7.1% YoY after a decrease of 6.3% YoY a quarter earlier.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding from below; however, it fails to keep up with a surge of “bearish” sentiment, which may signal in favor of the development of correctional dynamics. MACD is going down preserving a stable sell signal (located below the signal line). For several trading sessions, Stochastic has been located in close proximity to its lows, indicating strongly oversold USD in the ultra-short term.

It is worth looking into the possibility of corrective growth in the short and/or ultra-short term.

Resistance levels: 102.80, 103.67, 104.19, 105.00.

Support levels: 101.53, 101.00, 100.50.

Trading tips

To open long positions, one can rely on the rebound from the support level of 101.53 with the subsequent breakout of 102.80 or 103.00. Take-profit – 105.00 or 105.88. Stop-loss – 101.53 or 101.40. Implementation time: 2-3 days.

A breakdown of 101.53 or 101.40 may be a signal for new sales with target at 100.50 or 100.30. Stop-loss – 102.30 or 102.40. Implementation time: 1-2 days.

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

You can learn more about the current situation on USD/JPY and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

XAU/USD: gold prices are consolidating 11.03.2020

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 recovering during today’s Asian session, correcting after a sharp decline at the beginning of the week, when quotes retreated from their record highs since December 2012. The instrument adds about 0.77% and is actively testing the level of 1660.00 for a breakout. Hopes for new measures to support the global economy have a positive effect on the dynamics of USD. At the same time, investors remain wary of the uncertain situation with the coronavirus epidemic and the recent collapse in oil prices caused by the price war between Saudi Arabia and Russia. Finally, gold is supported by expectations of the next reduction in the interest rate by the Fed at the meeting on March 18.

Support and resistance

Bollinger Bands on D1 chart show moderate growth. The price range expands from above, freeing a path to new local highs for the “bulls”. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is slightly more stable and is located in the middle of its area.

Technical indicators do not contradict the further development of the correctional decline in the short and/or ultra-short term. Nevertheless, to open new short positions it is better to wait for the appearance of additional signals.

Resistance levels: 1660.15, 1675.00, 1689.11, 1703.07.

Support levels: 1640.00, 1630.00, 1620.00, 1611.06.

Trading tips

To open long positions, one can rely on the breakout of 1675.00. Take-profit – 1703.07. Stop-loss – 1660.15.

The return of “bearish” trend with the breakdown of 1640.00 may become a signal for new sales with the target at 1620.00 or 1611.06. Stop-loss – 1650.00.

Implementation time: 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 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]

EUR/USD: EUR is corrected 13.03.2020

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 shows corrective growth against USD, recovering from an active decline. The growth of EUR is facilitated by the weakening of USD after Donald Trump’s speech announcing a ban on entering the US from 26 eurozone countries for a month, and allowing the introduction of additional tax and credit exemptions for small and medium-sized enterprises. Investors had expected to hear about new measures to combat coronavirus.

Yesterday, the ECB held a monetary policy meeting, at which Christine Lagarde announced new measures to stimulate the economy. The Bank kept rates at the previous levels and noted that it would increase the volume of additional net asset purchases by EUR 120B. Lagarde called on EU leaders to take decisive actions aimed at stabilizing the economic situation in the region.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic maintains a downward direction, gradually responding to the appearance of corrective dynamics, trying to reverse into a horizontal plane.

Technical indicators don’t contradict the further development of the downtrend in the short and/or ultra-short term. However, it is not advisable to open new short positions, given the emergence of corrective sentiments and the oversold EUR in the ultra-short term.

Resistance levels: 1.1200, 1.1247, 1.1284, 1.1343.

Support levels: 1.1150, 1.1100, 1.1038, 1.1000.

Trading tips

To open long positions, one can rely on the breakout of 1.1247 or 1.1284. Take-profit – 1.1343 or 1.1393. Stop-loss – 1.1200 or 1.1180.

The return of “bearish” trend with the breakdown of 1.1150 may become a signal for new sales with target at 1.1038 or 1.1000. Stop-loss – 1.1220.

Implementation time: 2-3 days.

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.

 

[Antony_NPBFX]

USD/JPY: the instrument is consolidating 16.03.2020

Good afternoon, dear forum visitors!

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

Current trend

USD shows ambiguous dynamics against JPY during today’s Asian session, trading near the opening level at 107.00. Investors take a lead from a sudden decision of the US Fed to lower interest rates to zero, which should help a weakening global economy amid the further spread of the coronavirus epidemic. Other leading regulators come forward with similar measures. Earlier, the Bank of Japan announced a new program of purchases of government bonds worth JPY 200B, and also announced the issuance of JPY 1.5T of short-term loans for small and medium-sized businesses.

Moderate support for JPY at the beginning of the week is provided by macroeconomic statistics published in Japan. Machinery Orders in January grew by 2.9% MoM after a decrease of 12.5% MoM last month. Analysts had expected negative dynamics to remain at –1.6% MoM. In annual terms, the decline slowed from –3.5% YoY to –0.3% YoY, which also turned out to be better than forecast of –0.5% YoY.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, approaching the level of “80”, is prone to reversing downwards, signaling the overbought USD in the ultra-short term.

One should wait for clarification of the situation to open new transactions.

Resistance levels: 107.76, 108.49, 109.00, 110.00.

Support levels: 106.83, 105.90, 105.00, 104.19.

Trading tips

To open long positions, one can rely on the breakout of 107.76. Take-profit – 110.00 or 110.40. Stop-loss – 106.50 or 106.00.

A breakdown of 105.90 may be a signal for new sales with target at 104.19 or 103.67. Stop-loss – 107.00.

Implementation time: 2-3 days.

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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 USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR corrects 18.03.2020

Good afternoon, dear forum visitors!

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

Current trend

EUR is growing against USD, correcting after another decline yesterday when it was under pressure from the depressing statistics on business activity from ZEW. German ZEW Economic Sentiment collapsed from 8.7 points to –49.5 points in March, worse than expectations of –26.4 points. German ZEW Economic Sentiment for the same period fell from –15.7 to –43.1 points with a forecast of –30 points. ZEW Economic Sentiment in the euro area in March fell from 10.4 to –49.5 points with a forecast of a decrease of -35.4 points.

The coronavirus pandemic continues to rage in Europe, pushing states to take new measures to support the economy and tighten quarantine. Many European companies announced suspension of production for several weeks trying to minimize their losses. Today, European investors are focused on the February statistics on consumer inflation in the EU.

Support and resistance

On the D1 chart Bollinger Bands are reversing downwards. The price range is expanding, trying to keep pace with the surge of “bearish” sentiment. MACD goes down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic, having approached the level of 20, reversed into a horizontal plane, signaling about risks of oversold EUR in the ultra-short term.

Existing short positions should be kept in the short term until the signals from technical indicators clear up.

Resistance levels: 1.1054, 1.1100, 1.1200, 1.1247.

Support levels: 1.1000, 1.0954, 1.0900, 1.0862.

Trading tips

To open long positions, one can rely on the breakout of 1.1054 or 1.1100. Take-profit – 1.1200 or 1.1247. Stop-loss – 1.1000 or 1.0970.

The rebound from 1.1054 as from resistance followed with breakdown of 1.1000 can become a signal to new sales with target at 1.0900 or 1.0862. Stop-loss – 1.1070.

Implementation time: 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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the instrument is correcting 20.03.2020

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 strengthens against USD during today’s Asian session, retreating from record lows updated the day before. The corrective sentiment on the instrument began to strengthen on Thursday, which allowed AUD to win back most of the losses. The Reserve Bank of Australia announced next stimulus measures following other global regulators. The interest rate was reduced from 0.50% to 0.25%, while traders expressed cautious optimism in connection with the publication of a relatively good Australian labor market report for February. However, the markets agree that the February statistics weakly reflects the real situation in the economy and the March data will be significantly worse.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is widening but does not conform to the development of the “bearish” trend yet. The MACD indicator is reversing upwards, reacting to the appearance of correctional dynamics at the end of the current week; however, it retains its sell signal (the histogram is located below the signal line). Stochastic is showing similar dynamics, retreating from its lows, indicating the oversold AUD in the ultra-short term.

It is worth looking into the possibility of correctional growth in the short and/or ultra-short term.

Resistance levels: 0.6000, 0.6078, 0.6183, 0.6303.

Support levels: 0.5800, 0.5662, 0.5508.

Trading tips

To open long positions, one can rely on the breakout of 0.6000. Take-profit – 0.6303. Stop-loss – 0.5900 or 0.5860.

The return of “bearish” trend with the breakdown of 0.5800 may become a signal for new sales with the target at 0.5508. Stop-loss – 0.5950.

Implementation time: 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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: GBP shows flat dynamics 23.03.2020

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 showing uncertain growth against USD during today’s Asian session, trying to win back losses at the opening. The recovery of the instrument proceeds against the background of the growth of corrective sentiment, as investors calmed down after the active support measures undertaken by the leading regulators. Last Thursday, the Bank of England lowered rates to a record level of 0.1% and significantly expanded its quantitative easing program in an effort to minimize the damage from the coronavirus crisis. It is not yet clear how these steps will affect the UK economy, but the markets still got the main signal – politicians and economists are ready to undertake emergency measures to deal with the crisis.

Last Friday’s macroeconomic statistics from the UK was ambiguous. Public Sector Net Borrowing increased from GBP –12.433B to –0.394B. However, the figure was better than the forecast of +0.85B pounds.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing from above, remaining too spacious for the current activity level in the market. MACD indicator is reversing upwards forming a new buy signal (the histogram is about to consolidate above the signal line). Stochastic retreats from its lows, indicating the corrective growth development in the ultra-short term.

The uptrend may emerge in the short and/or ultra-short term.

Resistance levels: 1.1700, 1.1800, 1.2000, 1.2077.

Support levels: 1.1531, 1.1409, 1.1280.

Trading tips

To open long positions, one can rely on the breakout of 1.1700 or 1.1800. Take-profit – 1.2000, 1.2077 or 1.2200. Stop-loss – 1.1600 or 1.1531, 1.1500. Implementation time: 2-3 days.

A breakdown of 1.1531 or 1.1500 may be a signal for new sales with target at 1.1280, 1.1200 or 1.1150. Stop-loss – 1.1700 or 1.1750. Implementation time: 1-2 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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

NZD/USD: the instrument is strengthening 25.03.2020

Good afternoon, dear forum visitors!

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

Current trend

NZD is showing moderate growth against USD during today’s Asian session, updating local highs of March 18. Active support for the instrument is still provided by the growth of correctional sentiments in USD against the background of the aggressive Fed policy aimed at helping the US economy. However, the general tension in the market associated with the risks of the further spread of the coronavirus pandemic remains.

Published on Wednesday, macroeconomic statistics from New Zealand slightly supported NZD. In February, export volumes grew by USD 4.92B, accelerating from the previous value of USD 4.689B. Imports for the same period slowed from USD 5.103B to USD 4.33B, which led to a slight increase in the trade surplus in February. In monthly terms, in February, the trade balance entered the green zone at USD 594M after a deficit of USD 414M in January.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics, quickly approaching its highs, indicating the risks of overbought NZD in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the situation is clear.

Resistance levels: 0.5915, 0.6000, 0.6050, 0.6120.

Support levels: 0.5805, 0.5690, 0.5589, 0.5467.

Trading tips

To open long positions, one can rely on the breakout of 0.5915. Take-profit – 0.6100 or 0.6120. Stop-loss – 0.5805.

Rebound from 0.5915 as from resistance, followed by a breakdown of 0.5805 may become a signal for new sales with the target at 0.5589. Stop-loss – 0.5915.

Implementation time: 2-3 days.

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

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