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[Antony_NPBFX]

Microsoft Corp.: technical analysis 18.01.2023

Good afternoon, dear forum visitors!

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

Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving within a corrective trend at 240.00.

On the daily chart, the price is trying to consolidate within the uptrend and slightly increases within the corridor with dynamic boundaries 224.00–270.00.

On the four-hour chart, it is clear that the quotes failed to break the year's low of 214.00, and the "bullish" impulse entered them into the boundaries of the ascending channel. Growth prospects prevail, and consolidation above the local resistance level around 245.00 will further strengthen them.

Technical indicators confirm the possibility: the range of EMA fluctuations on the Alligator indicator is ready to expand upwards, and the histogram of the AO oscillator forms upward bars, rising in the sell zone.

Trading tips

Long positions may be opened after a reversal, growth, and consolidation of the price above 245.80, with the target at 263.80. Stop loss – 240.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 232.90 with the target at 214.30. Stop loss – 238.00.

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 Microsoft Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the Australian dollar consolidates after two-day decline 20.01.2023

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 AUD/USD pair shows mixed trading dynamics, trying to recover from a two-day decline, as a result of which it retreated from its local highs from August 15. The instrument is trading near the level of 0.6915, strengthening against the backdrop of the development of technical factors and the publication of statistical data from the US.

Significant pressure on the AUD/USD pair was exerted by the December report on the labor market of Australia, released the day before: the Employment Change decreased by 14.6 thousand, while analysts expected an increase of 22.5 thousand and in the previous month the figure was 58.3 thousand. In turn, the Unemployment Rate increased to 3.5%, although the November data was also revised from 3.4% to 3.5%. Participation Rate decreased from 66.8% to 66.6%. The national labor market continues to be under pressure from the increase in the interest rate by the Reserve Bank of Australia (RBA), which has already increased it by 300 basis points since April 2022, and is likely to continue to tighten monetary policy, as high rates of price growth in the country remain. Investors also drew attention to publications from the Melbourne Institute, reflecting an increase in Consumer Inflation Expectations in January from 5.2% to 5.6%.

Support and resistance

Bollinger Bands in D1 chart show quite active growth. The price range is rapidly narrowing, reflecting the emergence of downward momentum in the ultra-short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the Australian currency being oversold in the ultra-short term.

Resistance levels: 0.6950, 0.7000, 0.7050, 0.7100.
Support levels: 0.6900, 0.6850, 0.6800, 0.6750.

Trading tips

Long positions can be opened after a breakout of 0.6950 with the target of 0.7050. Stop-loss — 0.6900. Implementation time: 2-3 days.

A rebound from 0.6950 as from resistance, followed by a breakdown of 0.6900 may become a signal for opening of new short positions with the target at 0.6800. Stop-loss — 0.6950.

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

You can learn more about the current situation 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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Johnson & Johnson: technical analysis 23.01.2023

Good afternoon, dear forum visitors!

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

Shares of Johnson & Johnson, one of the world's leading retail holdings, are trading at 168.00.

On the daily chart, the price is working out a local Head and shoulders reversal pattern with the Neckline at 175.00.

On the four-hour chart, it can be seen that the target to realize the formation, which is at 167.00, has already been almost reached, but the potential for downward dynamics remains high, and if it is broken, the decline may continue to last year's low at 159.00.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 167.00 with the target at 159.00. Stop loss – 172.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 171.00 with the target at 175.00. Stop loss – 169.00.

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 Johnson & Johnson and trade efficiently with NPBFX.

 

[Antony_NPBFX]

ExxonMobil Corp.: technical analysis 25.01.2023

Good afternoon, dear forum visitors!

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

Shares of ExxonMobil Corp., a US oil company, are trading at 113.00.

A global uptrend is forming on the daily chart, and at the moment, the price is rising within the local corridor with dynamic boundaries of 118.00–111.00.

The four-hour chart of the asset shows that this range can work as a Flag trend continuation pattern. If the quotes consolidate above the local high of 114.70, the dynamics will continue to 120.00, and the decline will continue when 111.50 is broken.

Technical indicators are finishing working out a local correction, holding a global buy signal: fast EMAs on the Alligator indicator are at a sufficient distance from the signal line, and the AO oscillator histogram forms ambiguous bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 114.70 with the target at 120.00. Stop loss – 111.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 111.50 with the target at 104.20. Stop loss – 114.00.

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 ExxonMobil Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Alcoa Corp.: technical analysis 27.01.2023

Good afternoon, dear forum visitors!

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

The shares of Alcoa Corp., one of the world's largest aluminum producers, are correcting at 52.00.

On the daily chart, the price moves within a global downtrend, rising within the local corridor with dynamic boundaries of 45.00–60.00.

The four-hour chart shows that an upward wave has recently formed inside the range, and a correction is developing. Despite the local decline, the quotes are kept above the initial correction of 23.6% Fibonacci around 48.80, not excluding the development of upward dynamics after the consolidation above the basic correction of 38.2% around 58.20.

Technical indicators do not rule out a decline: the EMA fluctuation range on the Alligator indicator is directed upwards, and the AO histogram forms corrective bars in the buying zone.

Trading tips

Long positions may be opened after a reversal, growth, and price consolidation above 58.20 with the target at 65.80. Stop loss — 55.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 48.80 with the target at 41.80. Stop loss — 51.00.

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 Alcoa Corp. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro retreats from its record highs 30.01.2023

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 EUR/USD pair shows flat trading dynamics, being held near 1.0875. The instrument is consolidating after falling for two sessions in a row, as a result of which it retreated from its record highs in April. Trading activity at the beginning of the new week remains quite low, as investors expect the publication of macroeconomic statistics from Germany and the eurozone.

Today, the first estimate of the Gross Domestic Product (GDP) of Germany for the fourth quarter of 2022 will be presented. Forecasts assume the emergence of zero dynamics after an increase of 0.4% in quarterly terms, and in annual terms, the growth rate of the German economy may slow down from 1.2% to 1.1%. Also during the day, statistics on the level of Consumer Confidence and Sentiment in the eurozone economy in January is expected to be released. Analysts suggest a moderate decline in Business Sentiment from 95.8 points to 94.6 points.

Tomorrow, the eurozone will publish statistics on the dynamics of Gross Domestic Product (GDP) for the fourth quarter of 2022, and Germany will release data on Retail Sales for December and on Consumer Price Index, which may accelerate in January from 8.6% to 9.0%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, having formed a relatively strong sell signal (the histogram is below the signal line). Stochastic is showing similar dynamics, having rebounded from the level of "80" downwards. The indicator signals in favor of the development of corrective dynamics in the ultra-short term.

Resistance levels: 1.0928, 1.1000, 1.1051, 1.1100.
Support levels: 1.0850, 1.0800, 1.0759, 1.0700.

Trading tips

Short positions may be opened after a breakdown of 1.0850 with the target at 1.0759. Stop-loss — 1.0900. Implementation time: 1-2 days.

A rebound from 1.0850 as from support followed by a breakout of 1.0928 may become a signal for opening new long positions with the target at 1.1051. Stop-loss — 1.0870.

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]

General Electric Co.: technical analysis 01.02.2023

Good afternoon, dear forum visitors!

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

The shares of General Electric Co., an American diversified corporation, are strengthening the global correction, trading around 80.00.

On the daily chart, the quotes are kept within the global ascending channel with dynamic boundaries 92.00–69.00, and after closing the price gap, they are getting ready for growth.

On the four-hour chart, the upward movement in the asset prevails, and consolidation above the current local high of 83.00 will mean the development of positive dynamics towards the last year's high of 88.00.

Technical indicators reinforce the buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram forms rising bars in the buying zone.

View attachment 603794

Trading tips

Long positions may be opened after the price rises and consolidates above 83.00 with the target at 88.00. Stop loss — 81.00. Implementation period: 7 days or more.

Short positions may be opened after the price drops and consolidates below 77.00 with the target at 71.00. Stop loss — 80.00.

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

You can learn more about the current situation 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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

Use the current recommendations of analysts on General Electric Co. and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: the Australian dollar retreats from record highs 03.02.2023

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 AUD/USD pair shows a moderate decline, testing 0.7050 for a breakdown and building on the "bearish" momentum that was formed the day before, when the instrument retreated from its June record highs. The reason for the appearance of downward dynamics was the growth of the US currency in almost the entire spectrum of the market, which intensified after the publication of the minutes of the meetings of the European Central Bank (ECB) and the Bank of England. Both regulators decided to raise interest rates by 50 basis points, and also announced their readiness to maintain a "hawkish" monetary policy until inflation reaches the target level of 2.0%.

In addition, the US dollar was supported by statistics on jobless claims: the number of Initial Jobless Claims for the week ended January 27 decreased from 186.0 thousand to 183.0 thousand, while analysts expected 200.0 thousand, and Continuing Jobless Claims for the week ended January 20 decreased from 1.666 million to 1.655 million, which also turned out to be better than forecasts at the level of 1.677 million.

Some support for quotes at the end of the week is provided by macroeconomic statistics from Australia and China. Australian Services PMI from the Commonwealth Bank in January rose from 48.3 points to 48.6 points with a neutral forecast. In addition, December data on Building Permits were presented yesterday: the total volume increased by 18.5% against preliminary estimates of 1.0%, and for private houses it was adjusted for the fourth time in a row, losing 2.3%. In general, the construction market remains under pressure from high inflation and the interest rate of the Reserve Bank of Australia (RBA). In turn, the Chinese Caixin Services PMI over the same period accelerated from 48.0 points to 52.9 points, while the forecast was at 47.3 points.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, having reacted to the emergence of "bearish" dynamics, has only reversed into a horizontal plane, indicating a fragile balance of power.

Resistance levels: 0.7100, 0.7150, 0.7202, 0.7250.
Support levels: 0.7050, 0.7000, 0.6950, 0.6900.

Trading tips

Short positions may be opened after a breakdown of 0.7050 with the target at 0.6950. Stop-loss — 0.7100. Implementation time: 1-2 days.

A rebound from 0.7050 as from support followed by a breakout of 0.7100 may become a signal for opening new long positions with the target at 0.7202. Stop-loss — 0.7050.

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 is correcting after strong growth at the end of last week 06.02.2023

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 USD/JPY pair is trading down, correcting after a notable rise last Friday. It should be noted that the instrument also opened with a significant upward gap and is currently trying to level it.

At the end of last week, the American currency was supported by a strong report on the US labor market for January. The economy created more than 500.0 thousand new jobs outside the agricultural sector, while analysts expected only 185.0 thousand, and the data for December were revised from 223.0 thousand to 260.0 thousand. In turn, the Unemployment Rate for the same period decreased from 3.5% to 3.4% against the forecast of 3.6%, while the Average Hourly Earnings at the same time slowed down from 0.4% to 0.3% MoM and from 4.9% to 4.4% YoY, which turned out to be noticeably worse than the analysts' neutral forecasts.

On Friday, Japan released January data on business activity in the Services sector: the PMI rose from 51.1 points to 52.3 points, below the expected 52.4 points. The non-manufacturing sector continues to recover after the complete lifting of quarantine restrictions in the country and the opening of the borders of China, as a result of which household demand increased, and the influx of new tourists provided the service sector with increased profits. Tomorrow, investors will pay attention to the statistics on coinciding and leading indicators for December, as well as the speech of the Chair of the US Federal Reserve, Jerome Powell, who can comment on the unexpectedly strong data on the US labor market.

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 indicator is growing, while preserving a rather 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 American dollar in the ultra-short term.

Resistance levels: 132.00, 133.00, 133.61, 134.50.
Support levels: 131.00, 130.00, 129.00, 128.00.

Trading tips

Short positions may be opened after a breakdown of 131.00 with the target at 129.00. Stop-loss — 132.00. Implementation time: 2-3 days.

A rebound from 131.00 as from support followed by a breakout of 132.00 may become a signal for opening new long positions with the target at 133.61. Stop-loss — 131.20.

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, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

 

[Antony_NPBFX]

Meta Platforms Inc.: technical analysis 08.02.2023

Good afternoon, dear forum visitors!

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

Shares of Meta Platforms Inc., the US multinational holding company that owns technology conglomerate and social media giant Facebook, are trading at 191.00.

On the daily chart, a global corrective trend is forming, within which the gap of 151.00–183.00 has formed, and the price is above its end level.

In the four-hour chart, the prospects for the continuation of the upward dynamics are still quite high, as evidenced by the fact that the quotes are above the 38.2% Fibonacci base correction level around 191.75, in case of consolidation above which the next target will be the 50.0% Fibonacci intermediate correction level around 220.00.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, and the AO histogram forms rising bars in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 197.00 with the target at 221.00. Stop loss – 190.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 184.00 with the target at 151.00. Stop loss – 190.00.

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 Meta Platforms Inc. and trade efficiently with NPBFX.