NPBFX - npbfx.com

[Antony_NPBFX]

NZD/USD: the instrument is strengthening 17.04.2020

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 strong growth against USD during today’s Asian session, correcting after a steady decline over the previous two sessions in a row. The instrument adds about 0.80% and tests 0.6020 for a breakout. The reason for the appearance of correctional dynamics at the end of the week is another weakening of USD in the market, while the general interest of investors in “safe” assets remains high.

Today, traders are focused on the publication of Chinese statistics. China's GDP in Q1 2020 showed a decrease of 6.8% YoY after an increase of 6% YoY in the previous period. Analysts had expected decline by 6.5% YoY. In quarterly terms, GDP decreased by 9.8% QoQ, which generally met investor expectations. Industrial Production in March decreased by 1.1% YoY, which turned out to be significantly better than the forecasts of –7.3% YoY. In February production decreased by 13.5% YoY.

Support and resistance

On the D1 chart Bollinger Bands reversed horizontally. The price range consolidated in fairly wide borders, indicating approximate balance of power in the short term. MACD recovered unsteady growth preserving a sell signal (located below the signal line). Stochastic maintains a confident downtrend, quickly approaching its lows.

It is necessary to wait for clarification of the situation in the market to open new positions.

Resistance levels: 0.6000, 0.6129, 0.6200, 0.6300.

Support levels: 0.5920, 0.5842, 0.5776, 0.5690.

Trading tips

To open long positions, one can rely on the breakout of 0.6040 or 0.6060. Take-profit – 0.6200 or 0.6250. Stop-loss – 0.5990 or 0.5980.

The breakdown of 0.5920 or 0.5900 may serve as a signal to new sales with target at 0.5776 or 0.5740. Stop-loss – 0.6020.

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 NZD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: USD shows ambiguous dynamics 20.04.2020

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

During today’s Asian session, USD is showing slight growth against CHF, consolidating after a decline last Friday. High demand for USD is supporting the instrument near current levels, but further growth is limited by the gradual restoration of investor interest in risk. The pressure on USD was exerted by the new recommendations of Donald Trump that suggest the phased lifting of restrictions in several states within a month. Additional pressure on USD was exerted by news about a new drug to combat coronavirus, which also contributed to the growth of investor interest in risky assets.

Today traders are focused on the publication of Chicago Fed National Activity Index for March. Interesting statistics from Switzerland will only appear on Tuesday, when the March report on imports and exports will be released.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range consolidated within rather wide boundaries, which correspond to the observed dynamics in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic keeps the uptrend, but approaches its highs rapidly, which indicates the risks associated with overbought USD in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the signals from technical indicators clear up.

Resistance levels: 0.9700, 0.9742, 0.9796, 0.9847.

Support levels: 0.9647, 0.9600, 0.9500.

Trading tips

To open long positions, one can rely on the breakout of 0.9700. Take-profit – 0.9770 or 0.9796. Stop-loss – 0.9647.

The rebound from 0.9700 as from resistance, with the subsequent breakdown of 0.9647, can become a signal to new sales with target at 0.9550 or 0.9500. Stop-loss – 0.9700 or 0.9720.

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

 

[Antony_NPBFX]

Brent Crude Oil: oil prices are declining 22.04.2020

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

Brent crude oil prices are declining, testing a record low at USD 16 per barrel. The weakening of quotes is due to the panic that arose on Monday, when May futures for US oil collapsed to negative values for the first time in history. The coronavirus pandemic and the accompanying restrictions on travel contribute to the decrease in oil demand, while steps to reduce production fail to change the situation significantly. The existing storage facilities are almost full, and companies are forced to charter additional vessels for the temporary storage of their products.

OPEC held an urgent online conference concerning the situation in the oil market, but so far no important decisions have been made. It had been expected that the parties could begin reducing production immediately, and not from May 1, as suggested by the previously signed agreement.

Support and resistance

On the D1 chart Bollinger bands are reversing downwards. The price range is expanding; however, it fails to catch the surge of “bearish” sentiments at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic has long been located near its lows, signaling a strong oversold instrument in the ultra-short term.

There are no signals for a possible upward correction, so it is reasonable to keep part of the available sales for some time.

Resistance levels: 20.00, 22.51, 25.00, 27.00.

Support levels: 15.49, 14.00, 12.00.

Trading tips

To open long positions, one can rely on the rebound from 14.00 as from resistance with the subsequent breakout of 15.49 or 16.00. Take-profit – 20.00 or 22.00. Stop-loss – 14.00 or 13.00.

The breakdown of 14.00 will become a signal to new sales with target at 12.00 and strong psychological support at 10.00. Stop-loss – 16.00 or 17.00.

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 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]

USD/JPY: wave analysis 24.04.2020

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.

The pair may fall.

On the 4-hour chart, the development of the downward wave (C) of the higher level started, within which the local correction 2 of (C) formed, and the development of the wave 3 of (C) started. Now, the third wave of the lower level iii of 3 is forming, within which the local correction is ending as the wave (ii) of iii. If the assumption is correct, the pair will fall to the levels of 103.00–101.08. In this scenario, critical stop loss level is 109.32.

Main scenario

Short positions will become relevant during the correction, below the level of 109.32 with the targets at 103.00–101.08. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 109.32 will let the pair grow to the levels of 111.80–114.53.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: EUR is corrected 27.04.2020

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 a slight increase against USD during today’s Asian session, continuing the development of Friday’s “bullish” momentum, which allowed the instrument to retreat from local lows since March 24. The growth of EUR is largely due to technical factors, while pressure on the instrument remains on the background of growing risks for the global economy. Additionally, EUR is weakening due to the uncertainty surrounding new stimulus measures in the eurozone economy.

Last week, European leaders agreed on an initial plan to support the region’s economy, but they failed to agree on the format of this assistance: either it should be free tranches, or some kind of soft loans. Last Friday, macroeconomic statistics from Germany reflected a further decline in business sentiment in the country.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range consolidated within rather wide boundaries, which correspond to the observed dynamics in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic maintains a confident uptrend, being approximately in the center of its area.

It is worth looking into the possibility of further uptrend development in the short and/or ultra-short term.

Resistance levels: 1.0900, 1.0952, 1.1000, 1.1054.

Support levels: 1.0800, 1.0767, 1.0726.

Trading tips

To open long positions, one can rely on the breakout of 1.0900. Take-profit – 1.1000 or 1.1054. Stop loss – 1.0830 or 1.0820.

The return of “bearish” trend with the breakdown of 1.0800 may become a signal for new sales with the target at 1.0726 or 1.0700. Stop-loss – 1.0850.

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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: AUD is updating highs 29.04.2020

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 showing moderate growth against USD during today’s Asian session, updating local highs of March 11. The instrument adds about 0.65% and is testing the level of 0.6530 for a breakout. The pair is supported by growing cautious optimism that in May many European countries will begin to phase out the previously imposed restrictions on businesses work and the movement of citizens. In addition, investors prefer to wait for the publication of quarterly data on US GDP and the results of today’s Fed meeting.

Published macroeconomic statistics from Australia also provides some support to the pair. RBA Trimmed Mean CPI in Q1 2020 showed an increase of 0.5% QoQ, contrary to forecasts of a slowdown to 0.4% QoQ. YoY, the growth of the index accelerated from 1.6% to 1.8%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the development of “bullish” sentiments at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into the horizontal plane, indicating overbought AUD in the ultra-short term.

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

Resistance levels: 0.6584, 0.6650, 0.6700.

Support levels: 0.6508, 0.6443, 0.6384, 0.6300.

Trading tips

To open long positions, one can rely on the breakout of 0.6584. Take-profit – 0.6700. Stop-loss – 0.6508.

The rebound from 0.6584 as from resistance with the subsequent breakdown of 0.6508 can become a signal to return to sales with target at 0.6384 or 0.6300. Stop-loss – 0.6600.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the pair is showing flat dynamics 01.05.2020

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 returned to decline against JPY during today’s Asian session, again weakening after the “bullish” surge yesterday, which allowed the instrument to retreat from its local lows since March 17. USD managed to strengthen, despite the publication of disappointing macroeconomic statistics from the US, which, however, no longer surprises anyone. The main reason was technical factors, as well as correction of positions by investors at the end of the month.

More confident growth of JPY on Friday is hindered by weak data from Japan. Tokyo CPI excluding Fresh Food fell by 0.1% YoY in April, after rising by 0.4% YoY in the previous month. Analysts had expected minimal positive dynamics to remain at 0.1% YoY. Jibun Bank Manufacturing PMI fell from 43.7 to 41.9 points in April.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is trying to consolidate in rather narrow limits. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic, having shown a rebound from the level of “20”, continues to grow steadily, being approximately in the center of its area.

Technical indicators do not contradict the further development of the correctional momentum in the short and/or ultra-short term.

Resistance levels: 107.48, 108.00, 108.71, 109.37.

Support levels: 106.90, 106.34, 106.02.

Trading tips

To open long positions, one can rely on the breakout of 107.48. Take-profit – 108.30 or 108.50. Stop-loss – 107.00. Implementation time: 2-3 days.

A breakdown of 106.90 may be a signal for new sales with target at 106.34 or 106.02. Stop-loss – 107.30. 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]

USD/CAD: wave analysis 04.05.2020

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.

The pair may grow.

On the 4-hour chart, the third wave of the higher level (3) develops, within which the first wave 1 of (3) formed, and a downward correction developed as the second wave 2 of (3). Now, the formation of the third wave 3 of (3) is starting, within which the first wave of the lower level (i) of i of 3 is developing. If the assumption is correct, the pair will grow to the levels of 1.4562–1.4671. In this scenario, critical stop loss level is 1.3842.

Main scenario

Long positions will become relevant during the correction, above the level of 1.3842 with the targets at 1.4562–1.4671. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.3842 will let the pair go down to the levels of 1.3598–1.3431.

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 USD/CAD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Records of the March Battle of Traders: stunning result of the winner and 10 best contestants

Hello, Dear Forumers!

Forced self-isolation in the situation of the coronavirus pandemic heightened interest in financial markets both in Russia and elsewhere in the world. Because it’s possible to make money while you're safe, right from home. The contest on demo accounts Battle of Traders gives contestants an even more attractive opportunity - to win money for real Forex trading without investing their own funds and without risking anything.

In March 2,060 traders took this opportunity! This is the absolute record in the entire history of the contest, beginning from the first one in November 2018. The winner of the contest race showed an unprecedented trading result in March. It was a trader from Russia with the nickname MishaStar (account No.167946). He managed to increase the initial deposit of $5000 148 times during the contest month. At the end of the contest the total amount on his account was $741,129! According to the contest rules, NPBFX company awards the winner $1000 and the super prize - the latest iPhone 11 Pro. To win such an impressive victory the trader made 47 transactions. Details about his trading strategy, his professional way and further plans to trade on a real account in NPBFX can be found in the interview with the winner, which is already being prepared for edition.

How did other contestants demonstrate their professional skills and who entered the top 10? The analysis of the statements shows how different the participants' trading portfolios, volumes of trades and risk management strategies were. Thus, the excessive volatility of many currency pairs in March was the reason to go all-in and open trades for almost the entire deposit with the volume of 20, and even 40 lots. Some contestants, having left their rivals behind in the first days of the competition, preferred to take a waiting position after several profitable transactions. In contrast to that, the trader with the nickname flamin60 (account No.165777) made the largest number of transactions among the traders of the March contest - 1802! However, he failed to enter the top ten of the winners.

The full list of traders-winners following the results of Battle of Traders in March consists of contestants with the nicknames: MishaStar, maestro, gbs, gob32, nhumotyphudola, 9030, santello, Fastwinner, Hungdung, Roman23.

NPBFX Company congratulates the winners and thanks all the traders who took part in the Battle of Traders last month!

If you are interested in fighting for the prize fund of $ 2500 and winning the iPhone 11 Pro, experiencing all the storm of emotions of the contest race, then we hurry to remind you that the participation in the contest is free and available to everyone. All trading operations in the contest are conducted on demo accounts of NPBFX. The result depends only on you - go for it and become the winner!

Sign up for the Battle of Traders contest

 

[Antony_NPBFX]

EUR/USD: wave analysis 06.05.2020

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.

The pair is in a correction and may grow.

On the 4-hour chart, the downward third wave of the higher level 3 develops, within which the first wave i of 3 formed, and an upward correction develops as the wave ii of 3. Now, the wave (b) of ii has formed, and the wave (c) of ii is developing. If the assumption is correct, the pair will grow to the levels of 1.1170–1.1496. In this scenario, critical stop loss level is 1.0720.

Main scenario

Long positions will become relevant during the correction, above the level of 1.0720 with the targets at 1.1170–1.1496. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.0720 will let the pair go down to the levels of 1.0528–1.0414.

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.