NPBFX - npbfx.com

[Antony_NPBFX]

PayPal Holdings Inc.: technical analysis 14.09.2022

Good afternoon, dear forum visitors!

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

Shares of PayPal Holdings Inc., an American debit payment processor, correct at 95.00.

On the daily chart, the price is moving in a global downtrend, trying to correct, but it is still premature to talk about full-fledged growth since the quotes have not yet overcome the initial Fibonacci 23.6% correction around 125.00.

On the four-hour chart, a local correction is developing within the corridor of 89.50–102.00, the breakout of which will be a key moment for further global growth of the trading instrument.

Technical indicators reversed and gave a buy signal: fast EMAs on the Alligator indicator crossed the signal line upwards, and the AO oscillator histogram is forming rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 102.00 with the target at 125.00. Stop loss – 98.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 89.50 with the target at 69.00. Stop loss – 95.00.

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 PayPal Holdings Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Apple Inc.: technical analysis 16.09.2022

Good afternoon, dear forum visitors!

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

Shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving in a corrective trend around 152.00.

On the daily chart, the quotes remain within the global Expanding formation pattern, forming a new downward wave, which has already almost reached its intermediate target at the 61.8% Fibonacci full retracement around 146.00.

On the four-hour chart, it can be seen that the current movement is developing according to the classical structure. After rebounding from the initial correction of 23.6% Fibonacci around 163.80, the price continued its global decline, almost breaking the intermediate correction of 50.0% Fibonacci around 151.50, which is key support for the current trend.

Technical indicators confirm the high probability of continued decline: the Alligator indicator's EMA oscillation range expands downwards, and the histogram of the AO oscillator forms downward bars in the sell zone.

Trading tips

Short positions may be opened after the price drops and consolidates below 151.50 with the target at 146.40. Stop loss – 154.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 157.10 with the target at 163.80 and stop loss 155.00.

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

You can learn more about the current situation on Apple Inc. 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 Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: decline pending US Fed decision 19.09.2022

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 near-zero trading dynamics, consolidating at 0.6700. At the end of last week, the AUD/USD pair managed to show a slight corrective growth and retreated from the record lows of June 2020. Market activity remains low as market participants look forward to a two-day meeting of the US Federal Reserve. Investors are counting on an increase in interest rates by the US regulator by another 75 basis points, with some analysts pointing to a possible correction by 100 basis points at once. In addition, the department is expected to publish updated forecasts for inflation and economic growth. Macroeconomic statistics, which have been released recently, allows us to expect that the US economy will cope with a sharp increase in the cost of borrowing. In any case, at the moment the likelihood of a recession remains low, especially compared to Europe.

Australian investors are also waiting for the publication of the minutes of the meeting of the Reserve Bank of Australia (RBA) on Tuesday. Over the past 5 months, the Australian regulator raised the interest rate by 225 basis points to 2.35%. At the same time, the Governor of the RBA, Philip Lowe, pointed to the continuation of the course of tightening monetary policy in the future.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having fallen below the level of "20", reversed into a horizontal plane, indicating the risks of corrective growth in the ultra-short term.

Resistance levels: 0.6750, 0.6800, 0.6853, 0.6900.
Support levels: 0.6700, 0.6650, 0.6600, 0.6550.

Trading tips

Short positions may be opened after a breakdown of 0.6650 with the target at 0.6550. Stop-loss — 0.6700. Implementation time: 2-3 days.

The breakout of 0.6750 may be a signal to open new long positions with the target of 0.6853. Stop-loss — 0.6700.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

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

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

 

[Antony_NPBFX]

EUR/USD: euro remains under pressure ahead of the publication of the decision of the US Federal Reserve 21.09.2022

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 mixed trading dynamics, consolidating near 0.9950. Investors are in no hurry to open new trading positions, preferring to wait for the publication of the US Federal Reserve decision on interest rates. However, the euro still traded mainly with a downtrend, which again led to the consolidation of the instrument below the psychological level of 1.0000.

Some pressure on the EUR/USD pair was exerted by the deteriorating prospects for the region's economy, in connection with which the authorities are taking decisive action to curb inflation. In particular, the President of the European Central Bank (ECB), Christine Lagarde, spoke the day before, saying that in order to curb a sharp rise in prices, it may be necessary to raise interest rates to levels that will limit economic growth altogether. The current inflation rate in the eurozone is above 9.0% and is unlikely to fall anytime soon.

Macroeconomic data released yesterday in Germany pointed to a sharp rise in producer prices. In August, the Producer Price Index rose by 7.9% after rising by 5.3% a month earlier, while analysts expected a slowdown to 1.5%, and in annual terms, the index accelerated from 37.2% to 45.8%, which also turned out to be higher than the estimated 37.5%.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is almost unchanged, but it remains rather spacious for the current level of activity in the market. MACD is reversing downwards forming a sell signal (trying to consolidate below the signal line). Stochastic, having shown a weak rebound from the level of "20", reversed into a horizontal plane, reacting to the emergence of multidirectional trading dynamics in the ultra-short term.

Resistance levels: 1.0000, 1.0050, 1.0100, 1.0150.
Support levels: 0.9950, 0.9900, 0.9850, 0.9800.

Trading tips

Short positions may be opened after a breakdown of 0.9950 with the target at 0.9850. Stop-loss — 1.0000. Implementation time: 1-2 days.

A rebound from 0.9950 as from support followed by a breakout of 1.0000 may become a signal for opening new long positions with the target at 1.0100. Stop-loss — 0.9950.

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.

 

[Antony_NPBFX]

GBP/USD: pound holds near record lows 23.09.2022

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 is trading with a weak downward momentum, holding near record lows. The GBP/USD pair is testing 1.1230 for a breakdown, remaining under pressure after the US Federal Reserve decided to raise interest rates by 75 basis points. Now the rate is in the range of 3.00-3.25% and, according to the forecasts of the regulator, by the end of this year it can be adjusted to 4.40% (an increase of up to 4.25% was expected earlier), and next year it may be increased up to 4.60% (against the expected 4.50%). The tightening of monetary stimulus will lead to increased pressure on the economy and a slowdown in the growth of Gross Domestic Product (GDP) in the United States this year to 0.2%, and to 1.2% next year.

The pound was slightly supported by the decision of the Bank of England to raise the interest rate by 50 basis points to 2.25%, which coincided with the analysts' forecast, and therefore did not cause significant changes in the market. In addition, traders drew attention to the comments of the British regulator, which suggest that the decline in national GDP may begin as early as the third quarter, and then the economy may enter into recession. The Bank of England also expects inflation to peak in October around 11.0%, after which it will begin to weaken.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is widening from below but does not conform to the development of the "bearish" trend yet. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having approached its lows, reversed into a horizontal plane, indicating risks of an oversold GBP in the ultra-short term.

Resistance levels: 1.1300, 1.1349, 1.1404, 1.1478.
Support levels: 1.1210, 1.1140, 1.1060, 1.1000.

Trading tips

Short positions may be opened after a breakdown of 1.1210 with the target at 1.1060. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1210 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1478. Stop-loss — 1.1210.

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 GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: European currency remains under pressure 26.09.2022

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 downtrend, renewing new record lows and dropping below 0.9550, after which the EUR/USD pair still showed an uncertain corrective rebound.

The instrument was falling against the US dollar at a moderate pace throughout the past week, and the culmination of the "bearish" dynamics fell on Friday, when disappointing statistics came to the market. S&P Global Manufacturing PMI in Germany fell from 49.1 points to 48.3 points in September, the Services PMI decreased from 47.7 points to 45.4 points, and the Composite PMI decreased from 46.9 points to 45.9 points against the expected 46.0 points. In turn, in the euro area, the Manufacturing PMI fell from 48.9 points to 48.2 points, and the Services PMI declined from 49.8 points to 48.9 points.

The focus of investors today will be the speeches of representatives of the European Central Bank (ECB), among which are Luis de Guindos, Fabio Panetta, and the President of the regulator Christine Lagarde.

Meanwhile, European authorities have lifted some of the August restrictions on the import of Russian coal. In particular, companies are now allowed to transport minerals to third countries, including through the eurozone. As noted, the decision was made to fight for food and energy security. At the moment, due to the rapid rise in gas prices and sanctions on its transportation, coal is once again becoming a demanded resource for electricity generation. According to the Bruegel think tank, Russia provided about 70% of the EU's needs for energy solid fuels.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is expanding but it fails to conform to the "bearish" activity at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having reached its lows, is trying to reverse upwards, indicating the risks of EUR being oversold in the ultra-short term.

Resistance levels: 0.9700, 0.9800, 0.9850, 0.9900.
Support levels: 0.9549, 0.9450, 0.9400, 0.9300.

Trading tips

Short positions may be opened after a breakdown of 0.9549 with the target at 0.9400. Stop-loss — 0.9600. Implementation time: 1-2 days.

A rebound from 0.9549 as from support followed by a breakout of 0.9700 may become a signal for opening new long positions with the target at 0.9850. Stop-loss — 0.9620.

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

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

 

[Antony_NPBFX]

Apple Inc.: technical analysis 28.09.2022

Good afternoon, dear forum visitors!

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

Shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving in a corrective trend around the level of 152.00.

On the daily chart, the price is within the global Expanding Formation pattern, forming another descending wave, which almost reached its intermediate target at 61.8% Fibonacci retracement around 147.00.

On the four-hour chart, it is clearly seen that the potential for the continuation of the downward dynamics is quite high, since the quotes of the trading instrument are held between the Fibonacci retracement levels of 50.0% and 61.8%. Consolidation below the level of 147.00 will mean that the correction has turned into a full-fledged trend, the next target for which may be the annual low of 130.00.

At the moment, the EMA fluctuation range on the Alligator indicator continues to expand in the direction of decline, and the AO oscillator histogram, being in the sell zone, is forming new downward bars.

Trading tips

Short positions should be opened after the price consolidates below the full correction level at 147.50 in order to reach the support level of 137.80. Stop-loss — 151.00. Implementation time: 7 days and more.

Long positions should be opened after the price consolidates above the intermediate correction level at 153.00 with the target at 165.00 and stop-loss at 150.00.

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 Apple Inc. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/CHF: Swiss authorities lowered forecasts for GDP growth this year 30.09.2022

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

The US dollar shows multidirectional trading dynamics, testing the level of 0.9745 for a breakdown. At the end of the week, "bearish" sentiments are still traced; however, the US currency receives support from macroeconomic data. In addition, investors are confident in the further tightening of monetary policy by the US Federal Reserve, while some of the world's central banks are already carrying out foreign exchange interventions.

In turn, the Swiss franc is under pressure from the macroeconomic background from Europe. In Germany, the Consumer Price Index in September rose from 7.9% to 10.0% in annual terms, while markets expected an increase to only 9.4%, and in monthly terms, the figure accelerated from 0.3% to 1.9% , also well ahead of forecasts at 1.3%. The Harmonized Consumer Price Index for the same period rose from 8.8% to 10.9%, contrary to expectations at 10.0%. Additional pressure on quotes was exerted by data on the eurozone: Economic Sentiment Indicator in September decreased from 97.3 points to 93.7 points with a forecast of 95.0 points, and the Services Sentiment indicator for the same period fell from 8.1 points to 4.9 points with expectations of correction only up to 7.0 points.

The Swiss government has lowered its forecast for Gross Domestic Product (GDP) growth this year to 2.0% from 2.6% in June. For 2023, preliminary estimates have been adjusted from 1.9% to 1.1% amid an evolving energy crisis and a sharp rise in consumer prices, which worsen the economic outlook. The tense geopolitical situation contributes to the negative dynamics, in particular, the escalation of the military conflict in Ukraine, which will continue to put pressure on some industry segments, primarily on the export-oriented sectors of the Swiss economy.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from below, reflecting the ambiguous dynamics of trading in the short term. MACD is going down, keeping a fairly 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 USD in the ultra-short term.

Resistance levels: 0.9762, 0.9807, 0.9868, 0.9930.
Support levels: 0.9700, 0.9650, 0.9600, 0.9550.

Trading tips

Short positions may be opened after a breakdown of 0.9700 with the target at 0.9600. Stop-loss — 0.9762. Implementation time: 2-3 days.

The breakout of 0.9807 may be a signal to open new long positions with the target of 0.9930. Stop-loss — 0.9740.

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]

USD/JPY: US dollar holds near its record highs 03.10.2022

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 American currency continues its moderate growth during the Asian session, again testing the psychological level of 145.00 for a breakout. The US dollar is in high demand among investors in anticipation of further tightening of monetary policy by the US Federal Reserve. It is predicted that by the end of the year the regulator will make at least one more large increase in the indicator, and the adjustment can immediately reach 1.25%. In turn, the Bank of Japan does not change its wait-and-see tactics, as it fears the return of the previous deflationary risks.

The published macroeconomic statistics from Japan put additional pressure on the yen. Tankan Large Manufacturing Index in the third quarter showed a decrease from 9.0 points to 8.0 points, while analysts expected growth to 11.0 points, and the Jibun Bank Manufacturing PMI in September fell from 51.0 points to 50.8 points with a forecast of 51.5 points.

US investors will be watching today for data from the Institute of Supply Management (ISM), which reflects the state of business activity in the national manufacturing industry and is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries. The indicator is projected to decrease from 52.8 points to 52.2 points. In addition, during the day there will be a number of speeches by representatives of the US Federal Reserve.

Support and resistance

On the daily chart, Bollinger Bands are growing moderately. The price range is slightly expanding, but it fails to keep pace with the "bullish" activity of recent days. MACD is going down, keeping a fairly stable sell signal (located below the signal line). Stochastic shows a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought dollar in the ultra-short term.

Resistance levels: 145.00, 146.00, 147.00, 148.00.
Support levels: 144.00, 142.54, 141.50, 140.78.

Trading tips

Long positions can be opened after a breakout of 145.00 with the target of 147.00. Stop-loss — 144.00. Implementation time: 2-3 days.

A rebound from 145.00 as from resistance, followed by a breakdown of 144.00 may become a signal for opening of new short positions with the target at 142.54. Stop-loss — 144.80.

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]

USD/CAD: flat trading dynamics 05.10.2022

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

The US dollar shows flat trading dynamics against the Canadian currency, consolidating near 1.3520. Quotes have been actively declining since the beginning of the current week, and in just two trading days the USD/CAD pair fell to the local lows of September 23.

The pressure on the position of the instrument is exerted by weak macroeconomic statistics, which allowed investors to revise their forecasts regarding the pace of further tightening of monetary policy by the US Federal Reserve. In particular, market participants drew attention to the rapid drop in the Manufacturing PMI from 52.8 points to 50.9 points, against a forecast of 52.2 points, according to the Institute for Supply Management (ISM). The negative background intensified today, when a zero trend in the volume of manufacturing orders in the US was recorded in August after falling by 1.0% in the previous month, although analysts expected a value of 0.3%. JOLTS Job Openings in August also adjusted from 11.17 million to 10.053 million.

On Wednesday, the market will focus on Automatic Data Processing's (ADP) private sector employment report, as well as the Institute for Supply Management's (ISM) September data set on US service sector business activity. Canada will publish statistics on International Merchandise Trade for August.

Bank of Canada Governor Tiff Macklem said that high inflation requires policymakers to take decisive action, so officials will continue to raise interest rates despite the fact that the regulator has faced public criticism for increasing the cost of borrowing at a time when many Canadians can hardly afford the goods of the first need. Officials have adjusted the interest rate by 300 basis points in just six months, trying to return inflation to the target level of 2.0%. It is worth noting the effectiveness of the measures taken: in September, the figure fell from 8.1% to 7.0%.

Support and resistance

On the daily chart, Bollinger Bands are growing moderately. The price range is narrowing, reflecting a sharp change of trend in the short term. MACD rushed down, keeping a strong sell signal. Stochastic shows a steady decline, but is currently in close proximity to the zero level, which reflects the risks of oversold US dollar in the ultra-short term.

Resistance levels: 1.3600, 1.3650, 1.3700, 1.3750.
Support levels: 1.3500, 1.3440, 1.3400, 1.3350.

Trading tips

Short positions may be opened after a breakdown of 1.3500 with the target at 1.3350. Stop-loss — 1.3570. Implementation time: 2-3 days.

A rebound from 1.3500 as from support followed by a breakout of 1.3600 may become a signal for opening new long positions with the target at 1.3750. Stop-loss — 1.3520.

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

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