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[Antony_NPBFX]

EUR/USD: the instrument develops a strong "bearish" impetus 06.07.2022

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 a moderate decline, developing a strong "bearish" momentum, formed the day before. EUR/USD is testing 1.0245 for a breakdown, holding near the record lows updated yesterday.

Significant pressure on the position of the instrument was exerted by alarming data on business activity from S&P Global in the eurozone: the Composite PMI fell to a 16-month low, reflecting deterioration in manufacturing activity and growing fears of a full-fledged recession in the economy. In this regard, investors have adjusted their assessments of the prospects for tightening monetary policy, although there is practically no doubt about the July meeting of the European Central Bank (ECB). One way or another, the situation remains tense: the regulator has not raised the rate yet, and the risks of a recession are only increasing.

Today, investors are focused on statistics from the euro area on the dynamics of Retail Sales in May. Analysts' current forecasts are quite optimistic and suggest an increase of 0.4% in monthly terms and 5.4% in annual terms. Also during the day data on Factory Orders in Germany in May will be released, and it is likely to maintain a negative trend at –0.6%.

In the meantime, resources for European consumers will increase in price again. Last week, the Algerian company Sonatrach, whose imports to the EU in June amounted to about 9%, announced the introduction of changes in its pricing policy and, in particular, an increase in tariffs for gas supplies to the eurozone countries. At the moment, negotiations are underway with long-term clients to change the price formula (now it is pegged to Brent Crude Oil), which, however, can be revised every three years.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding, but at the moment it is not keeping up with the surge of "bearish" sentiment. MACD is going down preserving a stable 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 EUR in the ultra-short term.

Resistance levels: 1.0300, 1.0350, 1.0400, 1.0450.
Support levels: 1.0234, 1.0200, 1.0150, 1.0100.

Trading tips

Short positions may be opened after a breakdown of 1.0234 with the target at 1.0100. Stop-loss — 1.0300. Implementation time: 1-2 days.

A rebound from 1.0234 as from support followed by a breakout of 1.0300 may become a signal for opening new long positions with the target at 1.0400. Stop-loss — 1.0234.

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]

AUD/USD: the instrument shows flat trading dynamics 08.07.2022

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 is declining against the US currency during morning trading on July 8, losing value after trying to correct growth the day before. At the moment, AUD/USD is testing 0.6820 for a breakdown, retreating from the local highs of July 5.

Traders fix positions ahead of the publication of the final report on the US labor market for June, while the Australian currency receives little support from macroeconomic data on the dynamics of Imports and Exports. Statistics released yesterday showed a sharp 9.5% rise in Exports in May after rising 5% a month earlier. Due to the positive dynamics, Australia's Trade Surplus widened from 13.248 million Australian dollars to 15.965 million Australian dollars, with a forecast to shrink to 10.725 million Australian dollars.

In turn, American statistics disappointed investors: in May, the US Trade Deficit was recorded in the amount of 85.55 billion US dollars, which is only slightly lower than the figure of 86.69 billion US dollars in the previous period. Initial Jobless Claims for the week ended July 1 increased from 231.0 thousand to 235.0 thousand, while analysts expected a slight decrease to 230.0 thousand.

Meanwhile, in Australia, against the backdrop of rising fuel prices, as well as a shortage of skilled labor, food inflation is rapidly developing. Rain and frost in southeast Queensland led to a loss of harvest, which was the catalyst for a threefold increase in the price of greens, and deliveries to the region's stores fell by 80%. Farmers forecast shortages until at least the end of summer, after which weather conditions are likely to turn to favorable, and they will be able to re-sow fields, but the increase in prices for products will not slow down, as fertilizers, fuel, and packaging have also added significantly to the cost.

Support and resistance

On the daily chart, Bollinger Bands are moderately declining. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is growing, maintaining a weak buy signal and being located above the signal line. Stochastic shows mixed dynamics, being located near the level of "20" and signaling in favor of the development of corrective growth in the ultra-short term.

Resistance levels: 0.6849, 0.6900, 0.6950, 0.7000.
Support levels: 0.6800, 0.6750, 0.6700, 0.6650.

Trading tips

Long positions can be opened after a breakout of 0.6849 with the target of 0.6950. Stop-loss — 0.6800. Implementation time: 2-3 days.

A rebound from 0.6849 as from resistance, followed by a breakdown of 0.6800 may become a signal for opening of new short positions with the target at 0.6700. Stop-loss — 0.6849.

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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 AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAU/USD: gold stays at record lows 11.07.2022

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

XAU/USD is consolidating near the September 2021 lows, updated at the end of the last trading week, when the quotes showed the fastest weekly decline since June 2020, losing 4% in value.

Gold positions came under pressure on Friday amid the publication of a stronger report on the US labor market: the Unemployment Rate remained at 3.6%, while Employment Change rose by 372 thousand, well ahead of the projected 268 thousand, which allows investors to hope for continued tightening of monetary policy by the US Federal Reserve. According to the CME FedWatch indicator, more than 92% of traders are confident in the "hawkish" rhetoric at the next meeting of the regulator, as well as in the adjustment of the value by 75 basis points at the end of this month.

In turn, the USD Index at the beginning of the week rises by 0.26% to 107.280.

This week, the US data on inflation for June will be released, as well as the monthly economic report of the US Fed, the so-called "Beige Book". Current forecasts suggest that the Consumer Price Index in June in annual terms may accelerate from 8.6% to 8.7%, updating record highs, and in monthly terms, the previous growth rate of 1.0% is expected to remain unchanged.

In turn, moderate support for gold in the market is still provided by the expectations of the introduction of new restrictions on the import of Russian gold by European countries and their partners. Some Western countries have already announced the cessation of purchases of the precious metal from the Russian Federation, but so far a new package of EU sanctions with a corresponding ban has not been adopted.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic has reached its lows and is trying to reverse upwards, indicating risks of oversold instrument in the ultra-short term.

Resistance levels: 1752.87, 1775.00, 1784.31, 1800.00.
Support levels: 1730.00, 1720.00, 1700.00.

Trading tips

Short positions may be opened after a breakdown of 1730.00 with the target at 1700.00. Stop-loss — 1745.00. Implementation time: 2-3 days.

The breakout of 1752.87 may be a signal to open new long positions with the target of 1784.31. Stop-loss — 1735.00.

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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 XAU/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro is held near the parity level with the US dollar 13.07.2022

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 multidirectional trading dynamics, consolidating near the key level of 1.0000, which has not yet been actively tested. The day before, the instrument also traded near the parity level and even tried to fall to the level of 0.9990 for some time; however, the "bulls" quickly regained the lost positions. The euro is certainly receiving strong technical support near this psychological level, but the pressure on the single currency only intensifies as the region's economic outlook deteriorates. The last time the euro traded at parity against the US dollar was in December 2002.

Yesterday's macroeconomic statistics put additional pressure on the positions of the single currency, intensifying talks about a possible recession in the European economy: ZEW Survey on Economic Sentiment fell sharply in July from –28.0 to –51.1 points, while analysts expected a decline to only –32.8 points. In turn, ZEW Survey on Current Situation in Germany over the same period fell from –27.6 to –45.8 points, while the forecast was –34.5 points, and the Economic Sentiment index fell from –28.0 to –53.8 points, which also turned out to be significantly worse than market forecasts at the level of –38.3 points.

Today, investors are focused on statistics on the dynamics of consumer prices in Germany in June, as well as May data on the dynamics of industrial production in the eurozone.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding, making way to new record lows for the "bears". MACD is going down preserving a stable sell signal (located below the signal line). Stochastic retains downward direction but is located in close proximity to its lows, which indicates the risks of oversold EUR in the ultra-short term.

Resistance levels: 1.0050, 1.0100, 1.0150, 1.0200.
Support levels: 1.0000, 0.9950, 0.9900.

Trading tips

Short positions may be opened after a breakdown of 1.0000 with the target at 0.9900. Stop-loss — 1.0050. Implementation time: 2-3 days.

The return of the "bullish" trend with the breakout of 1.0100 may become a signal for new purchases with the target of 1.0200. Stop-loss — 1.0050.

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]

GBP/USD: consolidating at record lows 15.07.2022

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 shows near-zero dynamics, testing 1.1820 for a breakdown, returning to active decline after an unsuccessful attempt at corrective growth, which was supported by optimistic macroeconomic statistics from the UK.

On Wednesday, data on the dynamics of GDP and industrial production for May were released. The British economy strengthened by 0.5% after declining by 0.3% a month earlier, although analysts had expected zero dynamics. Industrial Production for the same period increased by 0.9% after falling by 0.1% in the previous month, with forecasts suggesting zero growth, and in annual terms, the figure corrected from 1.6% to 1.4%, while analysts assumed a sharp decline of 0.5%.

Strong macroeconomic statistics increased the chances that the Bank of England will continue to actively tighten monetary policy: the British regulator raised rates 5 times in a row, albeit at a moderate pace. However, the economic situation remains difficult and recession risks remain very high.

The day before, the preliminary second round of elections for the post of Prime Minister and leader of the Conservative Party ended in the UK. Former Treasury Secretary Rishi Sunak won the most votes (101 votes), followed by Associate Trade Policy Minister Penny Mordaunt with 83 votes and Foreign Secretary Liz Truss (64 votes). A new British Prime Minister will be elected on September 5, while the current head of Government, Boris Johnson, is set to resign on September 7.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting the emergence of multidirectional trading dynamics in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic keeps a horizontal direction and is located near its lows, which indicates the risks of oversold GBP in the ultra-short term.

Resistance levels: 1.1854, 1.1933, 1.2000, 1.2074.
Support levels: 1.1800, 1.1758, 1.1700, 1.1600.

Trading tips

Long positions can be opened after a breakout of 1.1854 with the target of 1.2000. Stop-loss — 1.1790. Implementation time: 2-3 days.

A rebound from 1.1854 as from resistance, followed by a breakdown of 1.1800 may become a signal for opening of new short positions with the target at 1.1700. Stop-loss — 1.1854.

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 GBP/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.

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]

Hewlett-Packard Co.: technical analysis 18.07.2022

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.

Shares of the American IT company providing hardware and software services, Hewlett-Packard Co., are moving in a corrective trend around 31.60.

On the daily chart of the asset, the price left the wide lateral channel with the boundaries of 34.00–41.00 and consolidated below the support line, having simultaneously overcome the level of Fibonacci initial retracement level of 23.6% at 34.00.

On the four-hour time frame, it is seen that the decline in quotes below the 23.6% Fibonacci retracement acts as a catalyst for the start of a full-fledged downward correction, and the probability of reaching the next level, the 38.2% Fibonacci base retracement at 30.00, is extremely high. Currently, there is a technical rollback of quotes upwards, after which another downward momentum may follow and the level of 50.0% Fibonacci intermediate retracement at 27.00 may follow.

The high probability of further decline is also confirmed by technical indicators that keep a stable sell signal: fast EMAs on the Alligator indicator are expanding the range of fluctuations in the direction of decline, and the histogram of the AO oscillator is forming new descending bars.

Trading tips

Short positions can be opened if the price continues to decline and consolidates below the base retracement level at 30.00 in order to reach global support at 27.00. Stop-loss –32.00. Implementation time: 7 days and more.

Long positions will be relevant if the corrective growth of the asset continues and the price consolidates above the local resistance level of 32.00 with the target of 34.00. Stop-loss – 31.00.

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.

 

[Antony_NPBFX]

Visa Inc.: wave analysis 20.07.2022

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 is in correction, the probability of growth is maintained.

On the daily chart, the development of the third wave of the higher level (3) was completed and a downward correction as the fourth wave (4) began. By now, wave A of (4) has already appeared and the construction of wave B of (4) is observed, in which wave a of B is formed. If the assumption is correct, one may expect the growth of the price of the asset to 226.95–236.61. The level of 185.70 is critical and stop-loss for this scenario.

Main scenario

Long positions are relevant from the corrections above the level of 185.70 with targets at 226.95–236.61. Implementation time: 7 days and more.

Alternative scenario

Breakout and consolidation of the price above the level of 185.70 will help the instrument continue growth to the levels of 175.00–162.95.

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/CHF: trading instrument is preparing to continue to decline 22.07.2022

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

USD/CHF is trading in a corrective trend around 0.9686 against the backdrop of a depreciation of the US currency.

However, there are no prerequisites for the strengthening of the franc at the moment either. Instead, the economic situation in Switzerland is rapidly deteriorating, and in the near future the country may face an acute energy crisis. At least, this is what Michael Frank, director of the VSE association of Swiss electricity companies, said. According to him, power outages were caused by a reduction in gas supplies from Russia and the shutdown of nuclear power plants in France for maintenance. The only way to stabilize the situation, Frank sees a phased reduction in resource consumption, which, in particular, includes limiting the illuminating of shop windows and streets, and if this is not enough, then turning off individual regions for four hours in turn. The Swiss authorities predict an increase in the negative dynamics of electricity prices. According to the head of the government’s advisory commission for electricity, Elcom, Urs Meister, ordinary citizens' electricity bills could grow by an average of 20% next year. This conclusion comes from a survey of suppliers who intend to raise prices by 47% amid rising coal prices, likely problems with exports from neighboring countries and global supply uncertainty.

In turn, the American currency continues its gradual decline before the next meeting of the US Federal Reserve and is currently trading at around 106.800 in the USD Index. The pressure on the quotes was exerted by the data on the national labor market, published the day before. Initial Jobless Claims increased to 251K from 244K a week earlier, which significantly exceeds the decline predicted by analysts to 240K, and ultimately led to an increase in the Continuing Jobless Claims to 1.384M from 1.333M last week.

Support and resistance

On the global chart of the asset, the price is correcting within the lateral channel, preparing to continue the local decline. Technical indicators have almost reversed and issued a sell signal: fast EMAs on the Alligator indicator came close to the signal line, and the AO oscillator histogram has already moved into the sell zone, continuing to form descending bars.

Support levels: 0.9652, 0.9530.
Resistance levels: 0.9739, 1.0000.

Trading tips

Short positions can be opened after a complete reversal and continued local decline in the asset, as well as consolidation of the price below the local support level of 0.9652 with the target of 0.9530. Stop-loss — 0.9710. Implementation time: 7 days and more.

Long positions can be opened after a continued global growth of the asset, as well as consolidation of the price above the local resistance level of 0.9739 with the target of 1.0000. Stop-loss — 0.9650.

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

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

 

[Antony_NPBFX]

Pfizer Inc.: technical analysis 25.07.2022

Good afternoon, dear forum visitors!

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

The stocks of the innovative biopharmaceutical company Pfizer Inc. are trading slightly above 51.00.

On the daily chart of the asset, the formation of a global corrective trend continues, and the price is clamped within the Triangle pattern with dynamic boundaries of 46.00–54.00.

On the four-hour chart, the local growth of the trading instrument after reaching the resistance line of the pattern at 53.00 has ended, and now a full-fledged reversal is being formed. Given the strength of the resistance line, further movement of quotes can be continued towards the support line around 46.00.

Technical indicators reversed downwards: fast EMAs on the Alligator indicator are consolidated below the signal line, and the AO oscillator histogram is trading in the sell zone, forming new downward bars, being close to the transition level which is typical for this pattern.

Trading tips

Short positions may be opened after the final reversal and continued decline in the asset or consolidation below the local support level of 50.10 with the target at 46.80. Stop loss – 52.00. Implementation period: 7 days or more.

Long positions may be opened after the continued global growth of the asset or consolidation above the resistance line of the pattern at 53.40 with the target at 55.60. Stop loss – 52.80.

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 Pfizer Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Netflix Inc.: technical analysis 27.07.2022

Good afternoon, dear forum visitors!

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

The shares of Netflix Inc., an American entertainment company, continue to trade within a corrective trend, currently moving around 214.00.

On the daily chart of the asset, the quotes left the global downwards channel with dynamic boundaries of 70.00–200.00 and confidently consolidated above it, approaching the price gap closing level of April 20, 2022.

On the four-hour chart, it is seen that the potential of the upward movement has not yet been exhausted, and, despite the falling trading volumes, the price will be able to break the local high of 230.00, starting to close the price gap. The closing level of this gap is at 330.00, and technical indicators have already given a new buy signal: indicator Alligator’s EMA oscillation range reversed upwards, and the histogram of the AO oscillator is forming new rising bars in the buying zone.

Trading tips

Long positions may be opened after the corrective growth or consolidation above the local high at 230.00 with the target at the price gap of 330.00. Stop loss is 210.00, below the resistance line. Implementation period: 7 days or more.

Short positions may be opened after the reversal and continued global decline in the asset or consolidation below the local support level of 203.00 with the target at 163.00. Stop loss — 215.00.

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 Netflix Inc. and trade efficiently with NPBFX.