USD/CAD: general review on 12/06/2017

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

Current trend

Last week in Canada the index of business activity was worse than the forecast, moreover, the negative statistics on the number of building permits and the volume of construction of new houses were released. On the other hand, pessimistic data was balanced by the speech of the head of the Bank of Canada Stephen Poloz, who assessed positively the Canadian economy? and by the figures from the labor market, which turned out to be better than the forecast. The fall in oil quotes over the past two weeks weakens the Canadian dollar and in the dynamics of the pair USD/CAD is expressed as a flat with the range of 100 points: between the levels of 1.3410 and 1.3510. The lower limit of the black channel on H4 serves as support level and also has been working as an uptrend line for three months.

In the first half of this week there are no releases from Canada. The main impact on the movement of the pair will be investors' reaction to the decision of the US Federal Reserve on the interest rate on Wednesday, June 14, at 20:00 (GMT+2).

Today from the important news traders should pay attention to the data from the US at 19:00 (GMT+2) the auction of 10-year treasury notes and at 20:00 (GMT+2) the report on the implementation of the US federal budget – the forecast involves an increase in the budget deficit by more than 80 billion US dollars.

Most likely, before the decision of the Fed, investors' activity will not be enough to change the trend, therefore in the next two days, we expect the consolidation of the pair.

Support and resistance

Support levels: 1.3510, 1.3580, 1.3640, 1.3710.

Resistance levels: 1.3410, 1.3380, 1.3300, 1.3220.

Trading tips

Short positions can be opened at the market price with targets at the levels of 1.3410, 1.3380 and a stop loss at 1.3500.

Alternative scenario: long positions from the level of 1.3510, targets – 1.3580, 1.3640, stop loss – 1.3450.

The implementation period is two to three days.

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USD/JPY: general analysis on 19/06/2017
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NPBFX offers the latest release of analytics on the USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

During the second week the USD/JPY pair is trading within the narrow range between the levels of 109.00 and 110.50. The support level 109.00 is additionally strengthened by the lower border of the blue channel on the D1. Last week the USA FRS interest rate decision and the following FOMC commentaries attracted the investors to the USD, so the USD/JPY pair reversed upwards from the 2 weeks flat.

In Friday the Bank of Japan decision to leave the interest rate on the minimal level confirmed the super mild BoJ policy, and the growth of the pair was expected, but despite all the positive got fro, the FRS the USD has suddenly fallen. The new week began with the downward gap, which confirms the investors’ uncertainty in the Yellen’s commentaries, which are diverging with the real economic situation in the USA. In addition the Japan Trade Balance data were published tonight, which was much lower than expected, which made the JPY fall faster than the weakening USD, and USD/JPY pair began this week with the strengthening.

The BoJ Monetary Policy Meeting Minutes will be published this week on Wednesday. The Fed's William Dudley speech is due at 14:00 (GMT+2) in the USA.

In the nearest two days the consolidation of the pair is expected.

Support and resistance

Support levels: 110.50, 109.00, 108.10, 107.40.

Resistance levels: 111.40, 112.50, 114.40.

Trading scenario

Open short positions at the current price with the target at 109.00 and 108.10, stop loss is at 111.60.

Buy the pair at the level of 111.40 with the target at 112.50 and 114.40, stop loss is at 110.60.

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You can learn more about the current situation on USD/JPY and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Also weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, AUD/USD, Gold. 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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Gold: Ichimoku clouds on 28/06/2017

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

Current trend

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is going to reverse from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is the lower border of the cloud (1248.26). The closest resistance level is the lower border of the cloud (1260.81).

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is going to reverse from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is the lower border of the cloud (1248.26). The closest resistance level is the lower border of the cloud (1260.81).On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (1247.32). The closest resistance level is Kijun-sen line (1265.92).

Recommendation

It is recommended to open long positions at current price with the target at the level of previous maximum of Chikou Span line (1256.24) and Stop Loss at the upper border of the cloud (1248.52).

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Changes in trading schedule on July 4, 2017 (Independence Day in the US)

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The NPBFX Company would like to inform you about the changes in trading hours during the Independence Day in the US on July 4, 2017:

FOREX (currency): without changes;
XAUUSD, XAGUSD (gold and silver): a break in trading 17: 00-22: 00 GMT;
XBRUSD, XTIUSD, XNGUSD (Brent crude, WTI, natural gas): a break in trading 16: 45-22: 00 GMT.

Please, consider this information when making trading decisions.

EUR/GBP: Ichimoku clouds on 05/07/2017

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

Current trend

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. Tenkan-sen and Kijun-sen lines have become support (0.8774) and resistance (0.8782) levels respectively.

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (0.8757). The closest resistance level is the lower border of the cloud (0.8787).

Recommendation

On the four-hour chart we can see a correction of the downward movement. On the daily chart the instrument is trading within the cloud. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (0.8825) line and Stop Loss at the level of Kijun-sen line (0.8757).

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.

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AUD/USD: wave analysis on 10/07/2017

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

Current trend

The correction continues.

The downward correction as a second wave (ii) within the third wave of the higher level iii is forming. Locally the zigzag is developing, and within it the formation of the wave c of (ii) and the lowering of the pair to the levels of 0.7516–0.7470 is expected. The level of 0.7709 is critical for this scenario.

Trading tips

Short positions can be opened during the correction, below the level of 0.7709 with the target at 0.7516–0.7470.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.7709 will let the pair grow to the level of 0.7850 and higher.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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How to be confident in your trading decisions? Use technical indicators on the NPBFX portal!

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Technical indicators allow traders to assess the current situation and future trends in the Forex market, helping to prognose the price fluctuations on which you can earn. Exactly the indicators form trading signals for buying, selling or waiting for the trading instruments. Market indicators are a kind of the basis for a trader's decision on selling or buying currency, as well as they are useful with other instruments, for example, CFD contracts. On the NPBFX analytical portal you can find free trading signals based on the 10 most popular technical indicators - MA10, MA20, MA50, MA100, MACD, BBands, Ichimoku, Stochastic, William`s, ZigZag, which will be discussed more detailed today.

The review of 10 main indicators on the NPBFX online portal

Traders actively use several basic graphic indicators, which give the most exact and reliable prognoses. So they are used on the NPBFX analytical portal to generate trading signals. The indicators on the analytical portal are divided into two types depending on their purpose:

1. Trend indicators show the starting point of trend and its end or reversal, trading on Forex without them is almost impossible. The most favorable time to work with these indicators is the when long price trends are observed on the market. These indicators include:

• MA10, MA20, MA50, MA100. MA indicator (the moving average) is presented on the portal for the most popular and informative periods - 10, 20, 50 or 100 days (MA10, MA20, MA50, MA100, respectively). Example: The 100-day moving average is very suitable for determining trend in the long term. And indeed, if the price has been going in one direction for 100 days, then it is not so easy to reverse the trend. MA are also the basis for many other technical indicators, such as Bollinger Bands and MACD.

• BBands - Bollinger Bands indicator reflects current changes in market volatility, confirms direction, warns about continuation or stopping of trend, consolidation periods, volatility for breakthroughs, and also points to local max. and min. The indicator shows the trading activity: in case of its increase, the bands expand and backwards, their narrowing indicates the price breakdown. Example: there are several methods working with BBands, for example, when approaching the upper level of resistance, it’s time to sell, and when you approach the lower level of support, to buy.

• ZigZag - can be very useful for traders using Eliot waves theory for analysis to establish the main waves and all sorts of corrective kickbacks. The main point of Zigzag's work is to filter out market noise (chaotic price movements). Example: if a trader finds that price movements are less than 5% are insignificant, then Zigzag ignores all price fluctuations less than 5%. However, Zigzag does not make predictions, and only indicates significant price changes in the past. But when used with other analytical tools (for example, Bollinger Bands), it can exactly confirm the signals to the input or output.

2. Oscillators help to identify overbought and oversold conditions on the Forex market. Overbought market is considered when the price is near its upper limit, and its further increase is unlikely. The oversold zone is characterized by such a low price that its further decline is unlikely at the moment. As a rule, traders buy currency during the period of oversold market, and sell during the overbought period. Although the analysis and use of oscillators performs best in a stationary market, they also determine the time of trend revers.

• MACD - gives you an opportunity to enter the trade at the beginning of the trend and exit before it ends. In the settings you will see 3 parameters: 1 and 2 parameters - the periods for calculating the fast and slow moving average, and also the histogram - the number of bars for calculating the difference between the moving averages. Example: crossing of moving averages, i.e. absence of a difference between them, serves as a signal for the beginning of a new trend.

• Ichimoku - Ichimoku indicator consists of 5 lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, Chinkou Span. The distance between the lines of Senkou is hatched on the chart and is called the Ishimoku cloud. If the price is between these lines, the market is considered non-trendy and the edges of the cloud form then the support and the resistance levels. Example: if the Chinkou Span line crosses the price chart from bottom to top, this is a signal to buy, and backwards.

• Stochastic - Stochastic oscillator consists of two lines: fast and slow. The second one is the most significant, because by its dynamics traders can judge on the most important changes in the market. Stochastic has a rating scale from 0 to 100, allowing you to set the percentage place of the last closing price in the total price range for a certain period of time. Example: if the rate is higher than 80, then the closing price is near the upper limit of the range (overbought market), if below 20, then close to the bottom (oversold).

• William`s – William’s Percent Range, a simple but effective indicator, similar to Stochastic. Example: the values of the indicator in the range from -80% to -100% indicate a state of oversold, and in the range from -0% to -20% indicate that the market is overbought. The indicator William’s Percent Range has a curious ability to anticipate price reversals. It almost always forms a peak and turns down for a certain period of time before the price reaches a peak and turns down. Similarly, William’s Percent Range usually forms a depression and turns up in advance.

A useful addition to technical indicators is the indicator "Forex Marker Review", which allows you to determine which positions prevail in the market - to buy or sell.

You can find out more about popular indicators in the section of educational video courses on the NPBFX analytical portal.

Register and receive free and unlimited access to the trading signals, indicators and other useful instruments on the NPBFX online portal to improve the efficiency of your trading.

AUD/USD: wave analysis on 21/07/2017

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

Current trend

The pair is in correction. The trend is upward.

The upward momentum as a third wave of the higher level iii is forming. Locally the third wave of the lower level (iii) is developing, within it the wave i of (iii) of the lower level has formed, and the correction ii of (iii) is ending. If the assumption is correct, the pair will grow to the levels of 0.8080–0.8200. The level of 0.7782 is critical for this scenario.

Main scenario

Long positions can be opened during the correction, above the level of 0.7782 with the targets at 0.8080, 0.8200.

Alternative scenario

The breakdown and the consolidation of the price below the level of 0.7782 will let the pair go down to the level of 0.7670.

Use more opportunities of the NPBFX analytical portal: аnalytics

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.

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USD/CAD: wave analysis on 25/07/2017

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

Current trend

The pair can lower.
On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the third wave of the lower level (iii) of iii of C, within which the lengthening of the wave structure is developing, is forming. If the assumption is correct, the pair will fall to the levels of 1.2400–1.2250. The level of 1.2610 is critical for this scenario.

Main scenario

Short positions can be opened during the correction, below the level of 1.2610 with the targets at 1.2400–1.2250.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.2610 will let the pair grow to the level of 1.3000.

Use more opportunities of the NPBFX analytical portal: аnalytics

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/CAD and trade efficiently with NPBFX.

USD/CHF: wave analysis on 31/07/2017

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

Current trend

The pair is in correction.

On the 4-hour chart the formation of the upward correction as a fourth wave 4 of the higher level, shaped as an irregular flat, is ending. Locally the development of the wave c of 4 is ending. If the assumption is correct, the pair will lower to the levels of 0.9400–0.9350 after the end of correction. The level of 0.9760 is critical for this scenario.

Main scenario

Short positions can be opened after the end of correction below the level of 0.9760 with the targets at 0.9400–0.9350.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9760 will let the pair grow to the levels of 0.9800–0.9850.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

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.

AUD/USD: general analysis on 07/08/2017

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

Current trend

Last week, the "double top" pattern appeared on the AUD/USD chart. This formation shows the strength of the resistance zone, in this case 0.8010-0.8050. This zone is further strengthened by the upper boundary of the two-year channel (blue on D1). As a result, the whole last week the pair spent in correction, weakening to the US dollar.

This week, in Australia, the consumer sentiment index, housing credit data and inflation data will be published. But today market is waiting for the US events: stats on the labor market conditions index, at 16:00 GMT+2, the speech of Fed representative Neil Kashkari, at 19:25 GMT+2, and, at 21:00 GMT+2, the change in the volume of consumer credit.

The main scenario for the next two days is continuation of the consolidation of the pair.

Support and resistance

Support levels: 0.7900, 0.7830, 0.7750.

Resistance levels: 0.7950, 0.8010, 0.8090, 0.8160.

Trading tips

Short positions can be opened at the market price, the targets are 0.7900, 0.7830, the stop-loss is 0.8000.

Long positions will become relevant at the level of 0.7950, the targets – 0.8010, 08090, stop-loss – 0.7930.

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 AUD/USD and trade efficiently with NPBFX.