NPBFX - npbfx.com

[Antony_NPBFX]

XAU/USD: the price develops a corrective impulse 08.12.2021

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

Today, during the Asian session, gold prices grow moderately, developing the correctional impulse formed yesterday, and test the level of 1790.00 for a breakout, waiting for new drivers to appear.

More active positive dynamics are hindered by an increase in optimism in the market since the new strain of coronavirus will not be a significant obstacle to the further recovery of the global economy. Pressure on the instrument is also exerted by the rather strong positions of the American currency, as traders expect that the US Federal Reserve will accelerate the withdrawal of the quantitative easing (QE) program during the December meeting. Earlier, the head of the regulator, Jerome Powell, recognized the risks of systemic inflation and noted that additional efforts might be required to stabilize prices in the country.

The US labor market report for November released last Friday also signaled in favor of a faster monetary tightening. The unemployment rate fell sharply from 4.6% to 4.2%, well ahead of analysts' forecasts of a decline only to 4.5%.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range narrows sharply, indicating an ambiguous nature of trading in the short term. The MACD indicator grows, maintaining a poor buy signal (the histogram is above the signal line). Stochastic shows more active growth but rapidly approaches its highs, indicating a limited potential for developing ultra-short-term corrective growth.

Resistance levels: 1790.00, 1800.00, 1812.22, 1822.10.
Support levels: 1778.32, 1769.67, 1760.74, 1750.44.

Trading tips

Long positions may be opened after the breakout of 1800.00 with the target at 1822.10. Stop loss – 1790.00. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1790.00 and the breakdown of 1778.32 with the target at 1760.74. Stop loss – 1790.00.

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

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

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

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

 

[Antony_NPBFX]

EUR/USD: euro failed to take advantage of corrective growth 10.12.2021

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

The European currency shows ambiguous trading dynamics against the US dollar during the Asian session, consolidating near 1.1300 after a moderate decline the day before.

The pressure on the single currency yesterday was exerted by not the strongest macroeconomic statistics from Germany, as well as further strengthening of the American currency, which secured additional support from the published data on jobless claims.

The number of Initial Jobless Claims for the week ended December 3 decreased from 227K to 184K, which turned out to be significantly better than analysts' forecasts at the level of 215K. Strong data on the labor market serve as an additional argument in favor of a faster cut in the quantitative easing program from the US Fed. Nevertheless, investors are in no hurry to draw conclusions and prefer to wait for today's publication of November statistics on US consumer inflation. Germany will also present its inflation data at the end of the week. In addition, during the day there will be speeches by the President of the European Central Bank Christine Lagarde and two representatives of the regulator, Fabio Panetta and Frank Elderson.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic is showing more confident growth; however, it is located near its highs, which indicates the risks of overbought EUR in the ultra-short term.

Resistance levels: 1.1300, 1.1355, 1.1400, 1.1422.
Support levels: 1.1255, 1.1200, 1.1153, 1.1100.

Trading tips

To open long positions, one can rely on the breakout of 1.1355 with the target at 1.1460. Stop-loss – 1.1300. Implementation time: 2-3 days.

The breakdown of 1.1255 may serve as a signal to new sales with the target at 1.1153. Stop-loss – 1.1300.

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

You can learn more about the current situation on EUR/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 AUD/USD, GBP/USD, USD/CHF, USD/JPY. 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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD is recovering its positions 13.12.2021

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

The American currency is showing an uptrend against the Japanese yen in Asian trading, recovering after the "bearish" end of last week's trading.

At the moment, the dollar is testing the level of 113.50 for a breakout in anticipation of the upcoming meeting of the US Fed and the actions of the regulator in the matter of tightening monetary policy. Last Friday, the US published inflation statistics, which did not meet investors' expectations, but reflected the fastest rise in consumer prices over the past 40 years. The last US Fed's meeting this year will take place on December 15 and it is likely that the regulator will accelerate the pace of reduction of the current quantitative easing (QE) program in order to move faster to raising interest rates.

The data released in Japan today do not provide additional support to the yen. Machinery Orders in October showed a sharp slowdown from 12.5% to 2.9% in annual terms, which is significantly worse than analysts' forecasts at 4.0%. Tankan Large All Industry Capex in Q4 2021 decreased from 10.1% to 9.3%, while the market expected 9.8%.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic, on the contrary, maintains a fairly confident downtrend and has not yet reacted to the dollar's attempt at corrective growth at the beginning of the week.

Resistance levels: 113.50, 114.00, 114.50, 115.00.
Support levels: 113.00, 112.50, 112.06.

Trading tips

To open long positions, one can rely on the breakout of 114.00 with the target at 115.00. Stop-loss – 113.50. Implementation time: 2-3 days.

The breakdown of 113.00 may serve as a signal to new sales with the target at 112.06. Stop-loss – 113.50.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: prices decline ahead of the US Fed meeting 15.12.2021

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 near 1770.00 after a noticeable downward correction recorded the day before. Market activity remains subdued as traders await the publication of the minutes of the US Federal Reserve meeting, which as many hope, will indicate a further tightening of the US regulator's rhetoric.

The US Federal Reserve is expected to announce an early completion of the bond purchase program, potentially bringing the next year's interest rate hikes forward. Previously, it was assumed that the regulator will fully complete the quantitative easing program by June 2022, but now it may turn out that the department will have ended it by March. However, skeptics argue that the Chairman of the US Fed, Jerome Powell, began the fight against high inflation too late, and therefore the regulator's plans will be adjusted more than once.

Additional support for the dollar is provided by the statistics on manufacturing inflation released yesterday. In November, the Producer Price Index excluding Food and Energy rose 0.7%, accelerating after rising 0.4% in October.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing more confident "bearish" dynamics, but is rapidly approaching its lows, indicating growing risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1778.32, 1790.00, 1800.00, 1812.22.
Support levels: 1760.74, 1750.44, 1740.00.

Trading tips

To open new short positions, one can rely on the breakdown of 1760.74 with the target at 1740.00. Stop-loss – 1770.00. Implementation time: 1-2 days.

The return of the "bullish" trend to the market with the breakout of 1778.32 may become a signal for new purchases with the target of 1800.00. Stop-loss – 1765.00.

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

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

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

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

 

[Antony_NPBFX]

GBP/USD: the pound received a boost from the Bank of England 17.12.2021

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

The British pound is trading mixed against the US currency during the morning session, consolidating around 1.3320 amid most of the long profit taking.

The day before, the instrument showed steady growth and updated local highs from November 24, which was the market's reaction to a rather unexpected increase in rates by the Bank of England. Citing high inflation, which reached 5.1% in November on an annualized basis (after rising 4.2% in October), the regulator announced an increase in the key interest rate to 0.25%, and the decision was made almost unanimously (8 votes against 1).

Thus, the Bank of England became one of the first major central banks in the world to take this step. In addition, the British regulator decided to maintain the volume of UK government bond purchases at 875B pounds. In turn, the US Federal Reserve, which held a meeting the day before, only announced acceleration in the pace of curtailing the quantitative easing (QE) program.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought GBP in the ultra-short term.

Resistance levels: 1.3350, 1.3400, 1.3450, 1.3500.
Support levels: 1.3300, 1.3250, 1.3200, 1.3159.

Trading tips

To open long positions, one can rely on the breakout of 1.3350 with the target at 1.3450. Stop-loss – 1.3300. Implementation time: 2-3 days.

A rebound from 1.3350 as from resistance followed by a breakdown of 1.3300 may become a signal for new sales with the target at 1.3200. Stop-loss – 1.3350.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: US dollar develops flat trading dynamics 20.12.2021

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

The American currency is developing flat trading dynamics paired with the Japanese yen, consolidating near 113.50.

Market activity remains subdued, as the macroeconomic calendar at the beginning of the week is relatively empty, and market participants are gradually preparing for the winter holidays being in no hurry to open new deals. The dollar, which received an unexpected impetus to growth at the end of last week, is still quite attractive for investment: its quotes rushed up against the backdrop of the rhetoric of the US Fed's members about the beginning of a systematic tightening of monetary policy.

Earlier, the American regulator announced the acceleration of the rate of curtailment of the quantitative easing (QE) program, which will allow the Fed to enter the vector of interest rate hikes in March 2022. In general, the US Fed plans to raise its level three times next year if the situation develops according to a favorable scenario. In this regard, the Bank of Japan is inferior to the American regulator. Last Friday, Japanese officials kept interest rates at -0.1%, but also announced a cutback to the emergency funding program, noting the success of the national economic recovery.

Support and resistance

Bollinger Bands in D1 chart show weak growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is reversing downwards forming a new sell signal (trying to consolidate below the signal line). In addition, the indicator tests the zero level for a breakdown. In turn, Stochastic shows a more confident decline, signaling in favor of further development of the "bearish" trend in the ultra-short term.

Resistance levels: 114.00, 114.50, 115.00, 115.50.
Support levels: 113.50, 113.00, 112.50, 112.06.

Trading tips

To open long positions, one can rely on the breakout of 114.00 with the target at 115.00. Stop-loss — 113.50. Implementation time: 2-3 days.

The breakdown of 113.00 may serve as a signal to new sales with the target at 112.06. Stop-loss — 113.50.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: euro shows flat trading dynamics 22.12.2021

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

Euro is showing flat dynamics against the US dollar during today's Asian session, consolidating at 1.2715 and waiting for new drivers to appear on the market.

Investor activity is rapidly declining on the eve of Christmas holidays; however, a large block of macroeconomic statistics from the USA on the dynamics of orders for durable goods and the volume of personal income and household spending is still expected to be published this week. In addition, today the United States will present updated data on GDP dynamics for Q3 2021. However, it is unlikely that the new estimates will be adjusted, and therefore they will not have a noticeable effect on the dynamics of the trading instrument.

There are noticeably fewer economic publications from Europe; however, traders are concerned about the surge in the incidence of the new Omicron coronavirus strain and the possible return of new restrictions on the eve of the holidays. The data on consumer confidence released the day before did not add optimism: the German Consumer Confidence Index from Gfk with the forecast for January showed a decrease from -1.8 to -6.8 points, which turned out to be significantly worse than analysts' forecasts at -2.5 points.

Support and resistance

Bollinger Bands on the daily chart are showing flat dynamics in a very narrow price range, indicating a further decline in trading activity in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic is showing multidirectional dynamics being located in the middle of its area. At the moment, the indicator readings remain uninformative.

Resistance levels: 1.1300, 1.1329, 1.1359, 1.1400.
Support levels: 1.1255, 1.1220, 1.1185, 1.1153.

Trading tips

To open long positions, one can rely on the breakout of 1.1300 with the target at 1.1359. Stop-loss – 1.1270. Implementation time: 2-3 days.

The breakdown of 1.1255 may serve as a signal to new sales with the target at 1.1185. Stop-loss – 1.1290.

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

You can learn more about the current situation on EUR/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 AUD/USD, GBP/USD, USD/CHF, USD/JPY. 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 EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the instrument retreats from local highs 24.12.2021

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

The Australian dollar is falling, retreating from the local highs, updated the day before and testing the level of 0.7230 for a breakdown during Asian trading. On Thursday, AUD/USD showed moderate growth, continuing the development of a strong "bullish" trend in the short term and renewing the local highs of November 22.

Not the most confident macroeconomic statistics from the US put some pressure on the US dollar. In particular, investors reacted negatively to the drop in Durable Goods Orders excluding Defense by 0.1%, while experts predicted an increase in the indicator by 0.6%. In turn, the number of Initial Jobless Claims for the week ended December 10 fell from 1.867M to 1.859M, although preliminary market estimates provided for a more significant decrease to 1.82M.

Data from Australia, in turn, delighted investors: the growth in Private Sector Credit continued in November, reaching 0.9% after strengthening by 0.5% in October, and on an annualized basis, the indicator accelerated from 5.7% to 6.6 %.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD is growing, maintaining a stable buy signal and being located above the signal line. Stochastic retains upward direction but is located near its highs, which indicates the risks of overbought AUD in the ultra-short term.

Resistance levels: 0.7250, 0.7300, 0.7328, 0.7369.
Support levels: 0.7200, 0.7160, 0.7100, 0.7050.

Trading tips

To open short positions, one can rely on the rebound from 0.7250 as from resistance, with the subsequent breakdown of 0.7200 with the target at 0.7100. Stop-loss – 0.7250. Implementation time: 2-3 days.

The breakout of 0.7250 may serve as a signal to new purchases with the targets at 0.7328–0.7369. Stop-loss – 0.7200.

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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: the US dollar develops an uptrend 27.12.2021

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

The American currency is holding close to the local highs of November 26, testing the level of 114.50 for a breakout.

Market activity remains rather low due to the Christmas holidays, while investors are in no hurry to open new positions, trying to assess the prospects for the current epidemiological situation in the world. Many regions, including Asia, are showing an alarming increase in new cases of coronavirus. It is noted that the new Omicron strain has not yet become dominant, despite its high infectivity.

The yen today almost completely ignores strong macroeconomic statistics from Japan. The country's Retail Sales rose 1.2% in October after rising 1.0% last month, while analysts had expected growth to slow to 0.5%. In annual terms, sales volumes accelerated from 0.9% to 1.9%, which also turned out to be better than preliminary estimates at 1.7%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding, signaling in favor of the further development of the uptrend in the short term. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic has a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought USD in the ultra-short term.

Resistance levels: 114.50, 115.00, 115.50, 116.00.
Support levels: 114.00, 113.50, 113.00, 112.50.

Trading tips

To open long positions, one can rely on the breakout of 114.50 with the target at 115.50. Stop-loss — 114.00. Implementation time: 2-3 days.

A rebound from 114.50 as from resistance followed by a breakdown of 114.00 may become a signal for new sales with the target at 113.00. Stop-loss – 114.50.

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/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

GBP/USD: the pound retreats from local highs 29.12.2021

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

The British pound is trading in different directions during the morning session, consolidating around 1.3400. Activity during the last trading week of the year remains low, as investors are in no hurry to open new positions on the eve of the New Year holidays, while the news and macroeconomic background are not very informative at the moment.

The macroeconomic statistics released the day before from the United States turned out to be ambiguous, but still contributed to the short-term strengthening of the American currency. The Redbook Retail Sales Index for the week ended December 24 showed an increase from 16.4% to 21.4%, and the October Home Price Index strengthened by 1.1% from 0.9% in September, while preliminary estimates analysts were in the area of 1.2%. The S&P/CaseShiller House Price Index for the same period increased by 18.4%, slowing the upward dynamics from the previous indicator of 19.1%. Finally, the Richmond Fed Manufacturing PMI in December rose moderately from 12 to 16 points.

Support and resistance

Bollinger Bands show a stable increase in D1 chart. The price range expands from above, freeing a path to new local highs for the "bulls". MACD is also showing an uptrend, maintaining a strong buy signal, being located above the signal line. Stochastic, having approached its highs, reversed into a horizontal plane, indicating the overbought GBP in the ultra-short term.

Resistance levels: 1.3460, 1.3500, 1.3550, 1.3600.
Support levels: 1.3400, 1.3350, 1.3300, 1.3250.

Trading tips

To open long positions, one can rely on the breakout of 1.3460 with the target at 1.3550. Stop-loss – 1.3400. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 1.3400 may become a signal for new sales with the target at 1.3300. Stop loss – 1.3460.

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 GBP/USD and trade efficiently with NPBFX.