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[Antony_NPBFX]

GBP/USD: development of flat dynamics in the short term 16.02.2022

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 has shown a poor upward trend against the US currency during the morning session, holding near the level of 1.3550. Since the beginning of the month, it has been developing a generally flat dynamic in the short term. The instrument reacted insignificantly due to the improvement in the geopolitical situation in Eastern Europe after there were signs of a resolution of the tense situation solely from the standpoint of diplomacy.

Yesterday, the market focused on macroeconomic statistics from the UK. Thus, the indicator of average wages for December, excluding bonuses, slightly corrected from 3.8% to 3.7%, which is better than market forecasts of 3.6%. In turn, wages, taking into account bonuses for the same period, increased from 4.2% to 4.3%, contrary to analysts' expectations of a slowdown to 3.9%. Jobless claims fell by 31.9K for January after falling by 51.6K last month, while the unemployment rate for December was unchanged at 4.1%.

Support and resistance

Bollinger Bands show a moderate increase on the daily chart: the price range narrows, indicating an ambiguous nature of trading in the short term. MACD falls, keeping a poor sell signal and below the signal line. Stochastic shows similar dynamics and rapidly approaches its lows, indicating that GBP may become oversold in the ultra-short term.

Resistance levels: 1.3565, 1.3600, 1.3650, 1.3700.
Support levels: 1.3500, 1.3460, 1.3435, 1.3400.

Trading tips

Long positions may be opened after the breakout of 1.3565 with the target at 1.3650. Stop loss – 1.3510. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 1.3500 with the target at 1.3400. Stop loss – 1.3550.

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

You can learn more about the current situation on GBP/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, EUR/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.

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[Antony_NPBFX]

AUD/USD: the pair is preparing to end the week with strong growth 18.02.2022

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

During the Asian session, the AUD/USD pair has been trading near local highs of February 10, testing the level of 0.7200 for a breakout.

Significant support for the instrument is provided by rather poor macroeconomic signals that have been coming to the market from the US in recent days. In particular, yesterday, investors drew attention to the growth in Initial Jobless Claims: the figure for the week of February 11 rose from 225K to 248K, which was noticeably worse than market expectations for a decrease to 219K. At the same time, Continuous Jobless Claims for the week of February 4 still decreased from 1.619M to 1.593M, ahead of forecasts of 1.605M. An additional negative moment was the decline in the index of business activity in the manufacturing sector of the Philadelphia Fed in February from 23.2 to 16.0 points, while investors expected a decline to only 20.0 points.

Support and resistance

On the daily chart, Bollinger Bands actively grow. The price range changes slightly, limiting the pace of development of "bullish" dynamics in the short term. MACD grows, keeping a relatively strong buy signal (the histogram is above the signal line), and tries to consolidate above the zero line. Stochastic shows similar dynamics but indicates that the instrument may become overbought in the nearest time intervals.

Resistance levels: 0.7200, 0.7250, 0.7300, 0.7328.
Support levels: 0.7160, 0.7100, 0.7050, 0.7000.

Trading tips

Long positions may be opened after the breakout of 0.7250 with the target at 0.7350. Stop loss – 0.7200.

Short positions may be opened after the breakdown of 0.7160 with the target at 0.7050. Stop loss – 0.7210.

Use more opportunities of the NPBFX analytical portal: analytics

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[Antony_NPBFX]

USD/JPY: consolidating around 115.00 21.02.2022

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 US dollar shows mixed dynamics against the Japanese yen in Asian trading, consolidating near the psychological level of 115.00.

Last week, the US currency showed a moderate decline, but the situation remained ambiguous, and traders unsuccessfully tried to assess the risks of deterioration in the geopolitical situation in Eastern Europe. After some improvement, the situation on the borders of Ukraine becomes tense again, which led to a surge in demand for safe assets. So far, the parties adhere exclusively to diplomatic lines of solving the problem; however, the media are full of various negative scenarios.

On Monday, pressure on the yen is also exerted by weak macroeconomic statistics from Japan. Jibun Bank Manufacturing PMI in February showed a steady decline from 55.4 to 52.9 points, which turned out to be worse than the average forecasts. Today is a public holiday in the US, so business activity statistics will only start appearing on Tuesday.

Support and resistance

On the D1 chart Bollinger Bands are trying to reverse horisontally. The price range is narrowing, pointing at the ambiguous nature of trading in the short term. MACD is going down preserving a moderate sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold USD in the ultra-short term.

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

Resistance levels: 115.28, 115.67, 116.00, 116.34.
Support levels: 115.00, 114.50, 114.00, 113.50.

Trading tips

To open short positions, one can rely on the breakdown of 114.50 with the target at 113.50. Stop-loss – 115.00. Implementation time: 2-3 days.

The return of the "bullish" trend to the market with the breakout of 115.28 may become a signal for new purchases with the target of 116.00. Stop-loss – 114.90.

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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]

Brent Crude Oil: the uptrend is possible 23.02.2022

Good afternoon, dear forum visitors!

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

Current trend

Prices for "black gold" continue to grow rapidly against the backdrop of the geopolitical situation in Eastern Europe. The day before, Brent Crude Oil quotes rose above 96.50, but by the end of the session corrected to 93.75 (Murray [7/8]).

In general, the situation on the market remains tense: investors fear interruptions in the supply of Russian oil and gas to the market in the event of active hostilities on the borders with Ukraine, which is intensified due to the actions of the German authorities, who suspended the certification of the Nord Stream 2 gas pipeline the day before. Experts believe that Russia will continue to fulfill its obligations under gas contracts, but will not increase the volume of supplies if necessary, not wanting to increase transportation through Ukrainian territory.

The prerequisites for further growth in energy prices on the market remain, although the increase in quotations is somewhat restrained by the possibility of concluding an American-Iranian "nuclear deal". In this case, Iran will be able to bring additional volumes of cheaper oil to the market, but in the current situation, even they are unlikely to be able to fully meet the growing demand.

Support and resistance

The price continues to be in an uptrend, the target of which may be at 100.00. The key level for the "bears" seems to be at 91.00 (the center line of Bollinger Bands), the breakdown of which will give the prospect of a corrective decline to 87.50 (Murray [6/8], the lower line of Bollinger Bands). However, this variant of the movement seems less likely, since the technical indicators indicate continued uptrend: Bollinger Bands and Stochastic reverse upwards, and MACD is stable in the positive zone.

Resistance levels: 95.00, 100.00, 106.25.
Support levels: 91.00, 87.50, 81.25.

Trading tips

Long positions may be opened above 95.00 with target at 100.00 and stop-loss at 92.00. Implementation period: 5-7 days.

Short positions may be opened from 91.00 with target at 87.50 and stop-loss at 93.80.

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

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: the US dollar is losing ground gained yesterday 25.02.2022

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 the Asian session, the USD/CHF pair is actively declining, correcting after yesterday's sharp growth, which led to a renewal of local highs of February 10.

The reason for the sharp rise in the US currency was the escalation of the conflict in Ukraine, as investors try to avoid risk and invest their capital in shelter assets. Russian President Vladimir Putin authorized a special military operation in the Donbas, which immediately resonated in the markets – investors began to abandon risky assets in favor of shelter assets massively. Strong macroeconomic statistics from the US provided additional support for the US currency on Thursday. Thus, annual data on GDP dynamics for the fourth quarter of 2021 reflected the expected economic growth of 7.0%. At the same time, the GDP price index accelerated from 7.0% to 7.2% over the same period, ahead of forecasts of 6.9%.

On Friday, traders focus on a block of macroeconomic statistics from the US on the dynamics of orders for durable goods and personal income and expenses of American households for January.

Support and resistance

On the daily chart, Bollinger bands reverse into a horizontal plane. The price range consolidated within a fairly wide range, fully consistent with the observed trading dynamics. MACD reversed upwards, forming a new buy signal (the histogram is above the signal line). Stochastic demonstrates similar dynamics, signaling further development of the upward dynamics in the nearest time intervals.

Resistance levels: 0.9250, 0.9276, 0.9300, 0.9341.
Support levels: 0.9220, 0.9200, 0.9175, 0.9157.

Trading tips

Short positions may be opened after the breakdown of 0.9220 with the target at 0.9157. Stop loss – 0.9250. Implementation period: 1–2 days.

Long positions may be opened after the rebound from 0.9220 and the breakout of 0.9250 with the target at 0.9300. Stop loss – 0.9220.

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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]

The Walt Disney Co.: wave analysis 28.02.2022

Good afternoon, dear forum visitors!

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

The price may grow.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed. Now, a downward correction has developed as the second wave 2 of (5), and the formation of the wave 3 of (5) has started, within which the first entry wave of the lower level i of 3 is developing. If the assumption is correct, the price will grow to the levels of 168.30–179.60. In this scenario, critical stop loss level is 140.30.

Main scenario

Long positions will become relevant during the correction, above the level of 140.30 with the targets at 168.30–179.60. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 140.30 will let the price go down to the levels of 126.20–107.93.

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 The Walt Disney Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Visa Inc.: wave analysis 02.03.2022

Good afternoon, dear forum visitors!

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

The price may grow.

On the daily chart, the fifth wave of the higher level (5) develops, within which the third wave 3 of (5) formed, and a downward correction developed as the fourth wave 4 of (5). Now, the fifth wave of the lower level 5 of (5) is developing, within which the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 250.00–280.00. In this scenario, critical stop loss level is 194.75.

Main scenario

Long positions will become relevant during the correction, above the level of 194.75 with the targets at 250.00–280.00. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 194.75 will let the price go down to the levels of 173.50–133.62.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

Use the current recommendations of analysts on Visa Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CAD: US dollar wins back losses 04.03.2022

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the USD/CAD pair is growing uncertainly, developing the “bullish” momentum formed yesterday, when the instrument was trading near local lows since January 26.

Investors are in no hurry to open long positions on the US currency, preferring to wait for today's publication of the final report on the labor market for February, hoping to receive additional confirmation of the possibility of raising interest rates during the March meeting of the US Federal Reserve. Given the aggravation of the situation around Ukraine, it is likely that the regulator may change its original plans. Some concern is caused by the US statistics on business activity published in recent days, which reflects the rapid decline in sentiment, especially in the service sector.

The Canadian currency is supported by the actions of the Bank of Canada. On Wednesday, the regulator expectedly raised interest rates by 25 basis points to 0.5%. Yesterday, the head of department, Tiff Macklem, stressed that the Board of Governors of the bank expects further tightening of monetary policy as the national economy grows, while the previous target levels remain unchanged.

Support and resistance

On the daily chart, Bollinger bands reverse a horizontal plane: the price range slightly expands from below, trying to keep with the surge in trading activity in the middle of the week. MACD indicator tries to reverse upwards, keeping its previous sell signal (the histogram is below the signal line). Stochastic shows similar dynamics, retreating slightly from its lows, signaling that the US dollar is oversold in the ultra-short term.

Resistance levels: 1.2700, 1.2750, 1.2786, 1.2812.
Support levels: 1.2650, 1.2600, 1.2558, 1.2500.

Trading tips

Long positions may be opened after the breakout of 1.2700 with the target at 1.2812. Stop loss – 1.2650. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1.2700 and the breakdown of 1.2650 with the target at 1.2558. Stop loss – 1.2700.

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]

AUD/USD: the pair renews the highs of November 2021 07.03.2022

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 shows active growth against the US currency at the trading in Asia, updating local highs from November 4. AUD/USD has been developing a confident "bullish" momentum for the fourth session in a row, despite the fact that the US dollar also remains quite strong due to continued demand for safe assets.

On Friday, a strong report on the labor market for February was published, which supported the position of the dollar "bulls" at the end of the week. According to statistics, Nonfarm Payrolls increased by 678K after an increase of 481K in January, while the forecasts assumed a figure of 400K. At the same time, the Unemployment Rate fell from 4% to 3.8%, which also turned out to be better than market expectations at 3.9%. However, the Average Hourly Earnings in February showed only zero dynamics, contrary to forecasts of growth of 0.5%. In annual terms, the indicator slowed down from 5.5% to 5.1%, with expectations of an increase of 5.8%.

The rhetoric of the Reserve Bank of Australia (RBA) remains "dovish". Representatives of the regulator noted that they would focus on data on the Consumer Price Index for Q1 2022, which will be released in late April, before making a decision on adjusting the interest rate. Meanwhile, investors are looking forward to the March meeting of the US Federal Reserve and the start of a cycle of changes in monetary policy parameters, announced by the head of the US department, Jerome Powell. Last week, he confirmed the readiness of the regulator to increase the rate by 25 basis points.

Support and resistance

Bollinger Bands in D1 chart show active growth. 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, having reached its highs, reversed into a horizontal plane, indicating overbought AUD in the ultra-short term.

Resistance levels: 0.7440, 0.7500, 0.7550, 0.7600.
Support levels: 0.7369, 0.7328, 0.7300, 0.7250.

Trading tips

To open long positions, one can rely on the breakout of 0.7440 with the target at 0.7550. Stop loss – 0.7390. Implementation time: 1-2 days.

A rebound from 0.7440 as from resistance, followed by a breakdown of 0.7369 may become a signal for new sales with the target at 0.7250. Stop-loss – 0.7440.

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]

Hewlett-Packard Co.: technical analysis 09.03.2022

Good afternoon, dear forum visitors!

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

The stocks of Hewlett-Packard Co., the US IT giant, are correcting around 35.62.

An uptrend is developing on the global chart of the asset, at the top of which a local downtrend is formed. Now the rate is trying to break the initial correction of 23.6% Fibonacci around 34.00, which coincides with the support line of the global uptrend. The consolidation below it allows three scenarios of the trend development. The first and most likely scenario reaches the 38.2% Fibonacci base retracement level at 30.80. The next variant of the price movement assumes reaching an intermediate correction of 50.0% by Fibonacci around 28.20. The final scenario is a fully formed correction with a full retracement of 61.8% at 25.50.

Trading tips

After breaking the support line at 34.00, sell positions with the target at the maximum level of 25.50 are relevant. Stop loss — 37.00. Implementation period: 7 days or more.

After growth and consolidation above the local maximum of 36.80, buy positions with the targets at the highs of the year at 40.00 and stop loss 34.00 are relevant.

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 Hewlett-Packard Co. and trade efficiently with NPBFX.