USD/CHF: general review 30.09.2019

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 USD/CHF pair continues to be strongly affected by the continued weakening of USD. Despite the assurances of Donald Trump that the first stage of the trade transaction is ready and will be signed no later than January next year, investors do not see positive. The main indicator of economic stability – the curve of 10-year bonds yield – signals a high probability of a recession in the US economy in the first quarter of 2020.

Another reason for the decline in the instrument is the continued fall of the USD Index, which reaches 96.430 points and seems to have confidently fixed below the psychological level of 97 points. In early December, Moody’s predicted the start of a new cycle of recession in the US economy if the USD Index consolidated below it.

In the absence of publication of macroeconomic data from Switzerland this week, the USD Index will be the main driver for the course, in case of its decrease the pair will fall.

Support and resistance

Despite the active decline, the price stays within the wide sideways channel, approaching the support line. The Alligator indicator keeps a sell signal. However, the AO oscillator is already starting to reverse. Further decline is not likely. After the breakout of the resistance line, growth will be possible.

Resistance levels: 0.9810, 1.0000.

Support levels: 0.9690, 0.9550.

Trading tips

After reversal and growth, as well as a consolidation above 0.9810, buy positions with the target at 1.0000 will be relevant. Stop loss is below the local minimum, around 0.9680.

After the decline and consolidation below the local minimum around 0.9680, it is better to open sell positions with a target at 0.9550. Stop loss is behind a local maximum, around 0.9770.

Implementation period: 5 days or more.

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.

USD/JPY: the dollar is correcting 06.01.2020

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

USD is showing strong growth against JPY during today’s Asian session, testing the level of 108.00 for a breakout. The instrument is corrected after a sharp decline in USD, which was triggered by a rapid increase in demand for safe assets after the escalation of tension in the Middle East. As a result of the death of an Iranian general after US missile strikes at Baghdad airport, the parties exchanged mutual threats, and investors hastened to diversify their risks. Japanese macroeconomic statistics released on Monday put additional pressure on the yen. Jibun Bank Manufacturing PMI fell from 48.8 to 48.4 points in December, which turned out to be worse than average expectations.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding; however, it fails to catch the surge of the “bearish” sentiment at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, consolidating below the level of “20”, reversed horizontally, indicating the growth of correctional sentiment and the oversold USD in the ultra-short term.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 108.25, 108.41, 108.66, 108.91.

Support levels: 108.00, 107.76, 107.51.

Trading tips

To open long positions, one can rely on the breakout of 108.25. Take profit – 108.66 or 108.91. Stop loss – 108.00.

The return of “bearish” trend with the breakdown of 107.76 may become a signal for further sales with the target at 107.22. Stop loss – 108.00.

Implementation time: 2-3 days.

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.

NZD/USD: New Zealand dollar remains under pressure 10.01.2020

Good afternoon, dear forum visitors!

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

Current trend

During today's Asian session, the NZD/USD pair is growing, being corrected after yesterday’s active decline, as a result of which the local lows of December 23 were renewed. The instrument adds about 0.10%, preparing to test the level of 0.6620 for an upward breakdown. Yesterday, a poor macroeconomic background put pressure on the price. ANZ Commodity Price Index for December unexpectedly fell by 2.8% MoM after rising 4.3% MoM last month. Analysts had expected positive dynamics to remain at 3% MoM. Chinese data also added some negative. Thus, the consumer price index for December showed zero dynamics after an increase of 0.4% MoM in November. The market expected inflation to rise by 0.3% MoM. In annual terms, the growth rate of consumer prices remained at the previous level of 4.5% YoY, which turned out to be worse than market expectations of 4.7% YoY.

Support and resistance

On the daily chart, Bollinger Bands smoothly reverse horizontally. The price range consolidated within a wide range, indicating the emergence of flat trading dynamics in the short or medium term. MACD falls, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, approaching the level of 20, reversed horizontally, signaling that an upward correction of the oversold NZD is possible.

A corrective growth is possible in the short and/or ultra-short term.

Resistance levels: 0.6618, 0.6651, 0.6680, 0.6725.

Support levels: 0.6600, 0.6573, 0.6539, 0.6521.

Trading tips

Long positions may be opened after a rebound from 0.6600 and a breakout of 0.6618 with the target at 0.6680. Stop loss – 0.6580.

Short positions may be opened after a breakdown of 0.6600 with the target at 0.6539 or 0.6521. Stop loss – 0.6630–0.6640.

Implementation period: 2–3 days.

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 NZD/USD and trade efficiently with NPBFX.

USD/CHF: general review 15.01.2020

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 shows a slight increase against CHF during today's Asian session, correcting after a sharp decline in the instrument yesterday. The pair adds about 0.04%. Pressure on USD was exerted by macroeconomic data on consumer inflation from the US. Consumer Price Index in the US in December grew by 0.2% MoM, slowing down from the previous value of 0.3% MoM. Core Consumer Price Index in December slowed from 0.2% MoM to 0.1% MoM. In annual terms, however, the price index rose in December from 2.1% YoY to 2.3% YoY.

During the day, investors expect the publication of statistics on US Production Inflation for December. Also today, a formal signing of a trade agreement between the United States and China should take place.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the flat dynamics of trading in the short term. MACD reversed into a descending plane, having formed a new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is rapidly approaching its lows, which indicates the oversold USD in the ultra-short term.

Existing short positions should be kept in the short term until the situation clears up.

Resistance levels: 0.9702, 0.9743, 0.9769, 0.9792.

Support levels: 0.9664, 0.9645, 0.9600.

Trading tips

To open long positions, one can rely on the rebound from the support level of 0.9664, with the subsequent breakout of 0.9702. Take profit – 0.9769. Stop loss – 0.9664. Implementation time: 2-3 days.

The breakdown of 0.9664 may serve as a signal to new sales with the target at 0.9600. Stop loss – 0.9702. Implementation time: 1-2 days.

Use more opportunities of the NPBFX analytical portal: economic calendar

Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.

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

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

The Brand-New iPhone 11 Pro and $1000 Granted to the Trader from Indonesia! We Present the Interview with the Winner of the November Battle of Traders

Johana Dwi Ariyanto is a trader with 13 years of experience in Forex from Indonesia. This is how to briefly present the winner of the November Battle of Traders contest. However, his success story, where the quality of trading is more important than the number of trades, deserves a detailed discussion and can be an inspiring example for someone. So, from the first day of his participation in the contest Johana set himself an ambitious goal to become the winner and get the grand prize–iPhone 11 Pro. Working 4 hours a day at his laptop, he achieved his goal and headed the table of winners with an excellent trading result +5109% profit! The winner admitted that the world of trading is interesting for him a lot, he likes to earn money on Forex and not going to stop at what he has achieved. What trading instruments does Johana include in his portfolio, why does he prefer technical analysis and how does he help the school committee? Look for the answers in the interview.

- Johana, first of all, on behalf of our company NPBFX I would like to congratulate you on a brilliant victory! What feelings and emotions do you feel about it? Tell me, please.

- I was very happy when I discovered that I had won. I immediately tried to contact NPBFX support to find out if I really won. I was even more pleased with the fact that the contest was held internationally and I beat the traders from all over the world.

- Have you already shared this news with anyone?

- At the moment when I found out that I had won the contest, I was participating in Forex trading training. So I immediately shared the joyful news with my classmates. Moreover, they initially knew about my participation and watched my progress.

- This was the first time you participated in the Battle of Traders contest. Was the victory a surprise for you or did you purposefully go to the 1st place?

- Yes, I did this with a goal in mind and was motivated to get a grand prize. When there is an extra prize, it is always a plus and greater motivation.

- Could you please tell us how you learned about the Battle of Traders contest and why did you decide to take part in it?

- I found out about the contest from Facebook, as well as from the email newsletter. I immediately began to learn the rules and decided to take part. I wanted to present a new strategy to my classmates, to show them that I was able to achieve the goal, to motivate them.

- Johana, how long did it take you to sign up for the Battle of Traders contest? How do you evaluate the terms of the contest in general?

- The sign up for the contest is very simple and the process is quite fast. The terms of the contest are also very easy and clear. Big deal is to get an extra prize.

- At the end of the contest month you have shown excellent trading results: You have increased the initial deposit of $5000 by 51 times (up to $255 476)! Could you tell us, please, what is the essence of your trading strategy?

- I use supply and demand analysis strategy and look at the trend line. Then I look at the price movements using the time frame for analysis when determining the next trade.

- According to your contest account statement, it is seen that you have closed 144 deals using a fairly wide trading portfolio: gold, currency pairs by pound, yen, New Zealand dollar and other currencies. Tell me, based on what principle did you form your trading portfolio?

- I prefer currency pairs and gold, because the average daily movement is quite large, especially in currency pairs with the pound sterling, and many people win on these currency pairs.

- Do you use your smartphone to trade on Forex or do you prefer the desktop version?

- In the contest I traded using my laptop, because it is easier to set an indicator.

- Johana, did you trade with an Expert Adviser/Robot or manually managed each trade? How much time per day did you usually have to spend on the contest?

- I trade manually and do not use Expert Advisors. On average, I traded 4 hours a day, sometimes in the morning or in the night, analyzing, looking at market movements.

- Do you more cater to technical or fundamental analysis when forecasting the market?

- I prefer to focus on technical analysis, because I do not trust the news that comes out.

- $1,000 has already been credited to your real NPBFX trading account. Are you planning to trade in the same way as you did on a demo account?

- It is quite possible that I will still use the same strategy, because it did not require too much time to trade.

- Johana, tell us a little about your professional path: how long have you been trading on Forex?

- I have been aware of trading since 2006 and I love making money online, in the Forex market. The world of Forex trading is quite interesting for me. It is a work with its pros and cons.

- Have you studied trading on your own or attended courses, webinars?

- I learned about the Forex market from the Internet and joined social media trading groups. I almost immediately tried to trade on real accounts by trying indicators from the group in social networks. The results were not so high. So further on I tried to work on it myself and finally developed my own strategy. At the moment Forex is my constant source of income.

- Tell me, please, what is the name of the city (village) where you live? How old are you, are you a family man, what are your hobbies besides Forex?

- I live in the village of Bolon, Central Java. I have 4 children, I’m 37 years old. In my spare time, I help my wife at home and work at the school board, I participate in improving the school’s management system. Sometimes I take project work from friends, contractors.

- Johana, in your opinion, how common is Forex trading in Indonesia?

- In my opinion, the enthusiasm and desire of Indonesians to trade on Forex market is very high. For example, I have a lot of neighbors interested in what I am doing sitting in front of my house working on my laptop.

- Would you recommend your friends to join the Battle of Traders contest? Why?

- Yes, I will start inviting my friends who took part in my training. I will monitor their progress, teach them to focus on quality, not quantity. Even on a demo account it is important to learn how to do routine work, continuously following the rules, and only then it starts to work.

- What would you like to wish NPBFX and participants of the next Battle of Traders contests?

- I would like to wish the participants of the next rounds to devote as much time as possible to improve their knowledge and analysis of the market. Do not underestimate these points even on a demo account. For NPBFX I want to wish further success, as well as to change the time of market opening, now it differs from other brokers.

- Johana, we thank you for participating in the contest and for the interview. Let trading on NPBFX real account be as successful as on your contest account!

USD/CHF: the dollar is strengthening 22.01.2020

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 USD/CHF pair continues to grow moderately, renewing local highs of January 14. Now, the instrument is adding about 0.12%, testing the level of 0.9700 for a breakout. The position of the American currency remains quite stable after the publication of strong US data last week, which confirmed that the national economy maintains moderate growth rates.

Frank came under pressure after economists complained about its high exchange rate at the current Davos Forum, accusing the NBS of manipulating it. It provoked many investors to reduce their investments in the Swiss franc, which caused the appearance of a relatively confident upward correction for the instrument.

Support and resistance

On the daily chart, Bollinger bands are slightly falling. The price range narrows from above, reflecting the presence of flat dynamics of trading in the short term. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward trend but quickly approaches its highs, which indicates that USD may become overbought in the short-term.

Current technical indicators do not contradict further growth of the dollar in the short and/or ultra-short term.

Resistance levels: 0.9700, 0.9720, 0.9743, 0.9769.

Support levels: 0.9680, 0.9664, 0.9645, 0.9612.

Trading tips

Long positions may be opened after the breakout of 0.9700 with the target at 0.9743 or 0.9750. Stop loss – 0.9680–0.9870.

Short positions may be opened after a rebound from 0.9700 and a breakdown of 0.9680 with the target at 0.9645 or 0.9620. Stop loss – 0.9700.

Implementation period: 2–3 days.

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/CHF and trade efficiently with NPBFX.

NPBFX is recognized as the best STP broker for the third time in a row in the IAFT Awards 2019!

Good afternoon, dear forum visitors!

After summing up the voting results of more than 200,000 participants of the International Association of Forex Traders (IAFT), NPBFX was recognized as the winner in the nomination “Best STP Broker 2019”. STP (straight-through processing) technology is a method of fully automated processing of client trades with the transfer of all transactions of the client to liquidity providers. Trading with STP technology guarantees the client high quality of trade execution and completely eliminates the conflict of financial interests between the trader and the brokerage company.

IAFT traders for the third time recognize NPBFX as the winner in this nomination. NPBFX (until 2016 — Nefteprombank) has always serviced traders only with brokerage technologies with the best prices and execution speed from the largest liquidity providers of the foreign exchange market and plans to develop such technologies in the future.

NPBFX company thanks all the traders who participated in the vote and the organizer of the IAFT Awards 2019.

NZD/USD: New Zealand dollar declines 31.01.2020

Good afternoon, dear forum visitors!

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

Current trend

Today, during the Asian session, the NZD/USD pair is falling, continuing to develop an active “bearish” impulse formed at the end of the last trading week. Now, the New Zealand dollar has lost about 0.10%, trading near local lows of December 2, 2019. NZD is under pressure, despite the publication of controversial macroeconomic statistics from the United States, which is also due to the growth of anxiety about the spread of coronavirus. Macroeconomic statistics from New Zealand also negatively affect the instrument. Thus, the level of consumer confidence from ANZ in January fell from 123 to 122.7 points, which turned out to be worse than the average expectations of analysts.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding but not as fast as the downward dynamics develop in the short/medium term. The MACD indicator goes down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic maintains a downward trend but is near its lows, which signals an increase in risks associated with the oversold New Zealand dollar in the ultra-short term.

It is better to keep the current short positions in the nearest time intervals until trading signals from the indicators are clarified.

Resistance levels: 0.6500, 0.6521, 0.6539, 0.6553.

Support levels: 0.6464, 0.6436, 0.6400.

Trading tips

Long positions may be opened after a rebound from 0.6464 and a breakout of 0.6500 with the target at 0.6553 or 0.6580. Stop loss – 0.6464–0.6450. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 0.6464–0.6450 with the target at 0.6400. Stop loss is no further than 0.6500. Implementation period: 1–2 days.

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 NZD/USD and trade efficiently with NPBFX.

Brent Crude Oil: prices are in a correction 05.02.2020

Good afternoon, dear forum visitors!

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

Current trend

Today, during the Asian session, oil prices are growing slightly, retreating from record lows of January 2019, renewed the day before. Now the instrument has added about 0.45% and is testing the level of 55.00 for a breakout. The quotes are supported by the hope for additional reduction in production by OPEC+. At the moment, the production may be reduced by an additional 500K barrels per day. Meanwhile, the forecasts remain disappointing. So, yesterday, BP Finance Director Brian Gilvary said that due to the spread of coronavirus, oil consumption will decrease by 0.5% during the year.

The prices are under pressure of the ADP report on oil reserves released in the USA. According to the report, over the week of January 31, energy reserves increased by 4.18 million barrels after a decrease of 4.27 million barrels over the past period.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding, letting the "bears" renew record lows. The MACD indicator goes downwards, maintaining a strong sell signal (the histogram is below the signal line). Stochastic, approaching its lows, reversed into a horizontal plane, indicating that the instrument may become oversold in the ultra-short term.

It is better to keep the current short positions until the market situation becomes clear.

Resistance levels: 56.00, 57.29, 59.00, 60.00.

Support levels: 54.20, 53.40, 52.00.

Trading tips

Long positions may be opened after a rebound from 54.20 and a breakout of 56.00 with the target at 59.00. Stop loss – 54.20. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 54.20 with the target at 52.00. Stop loss – 55.50. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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

AUD/USD: AUD is correcting 10.02.2020

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

AUD is growing against USD during today’s Asian session, retreating from new record lows since 2009, updated at the end of last week. The instrument adds about 0.35%, testing 0.6700 for a breakout. In addition to a number of technical factors, macroeconomic statistics from China provide strong support for AUD. Last Friday, the Chinese economy showed a sharp increase in exports (9.1% YoY), and today it supports consumer sentiment with consumer inflation statistics. In January, Consumer Price Index rose by 1.4% MoM and by 5.4% YoY, which was significantly better than market expectations of 0.8% MoM and 4.9% YoY. Today, interesting statistics from Australia are not expected, but on Tuesday there will be data on the dynamics of Australia’s Home Loans for December.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing from below, reflecting the emergence of ambiguous trading dynamics in the short term. MACD is reversing upwards preserving a sell signal (located below the signal line). Stochastic almost ignores the appearance of the correctional growth of AUD during today’s Asian session. The indicator still maintains a confident downtrend, indicating the preservation of the “bearish” momentum in the ultra-short term.

To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 0.6700, 0.6723, 0.6746, 0.6776.

Support levels: 0.6677, 0.6650, 0.6620, 0.6600.

Trading tips

To open long positions, one can rely on the breakout of 0.6700 or 0.6723. Take profit – 0.6776 or 0.6800. Stop loss – 0.6677 or 0.6660.

The rebound from 0.6700 as from resistance with the subsequent breakdown of 0.6677 or 0.6660 can become a signal for new sales with target at 0.6620 or 0.6600. Stop loss – 0.6700 or 0.6715.

Implementation time: 2-3 days.

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 AUD/USD and trade efficiently with NPBFX.

USD/JPY: the pair is trading in the flat 14.02.2020

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

USD shows near-zero dynamics against JPY during today’s Asian session, consolidating near 109.80. Demand for USD and JPY again rose significantly after the publication of updated statistics on the number of patients with coronavirus, which frightened investors with a sharp surge in the number of infected. It is curious that macroeconomic statistics from the USA practically did not support USD. At the same time, the Consumer Price Index in January accelerated from 2.3% YoY to 2.5% YoY, which turned out to be better than market expectations. Consumer Price Index Excluding Food and Energy in January rose by 0.2% MoM and 2.3% YoY, which also turned out to be slightly better than forecasts of 0.2% MoM and 2.2% YoY.

Support and resistance

Bollinger Bands on D1 chart show moderate growth. The price range expands slightly, freeing a path to new local highs for the "bulls". MACD reversed downwards having formed a weak sell signal (located below the signal line). Stochastic decreases more confidently, which, however, weakly correlates with the real trend in the market.

Technical indicators do not contradict the further development of the correctional decline in the short and/or ultra-short term.

Resistance levels: 110.00, 110.20, 110.40.

Support levels: 109.75, 109.52, 109.25, 109.00.

Trading tips

To open long positions, one can rely on the breakout of 110.00. Take profit – 110.40 or 110.50. Stop-loss – 109.75.

A breakdown of 109.75 or 109.60 may be a signal for new sales with target at 109.25 or 109.10. Stop loss should be placed no further than 110.00.

Implementation time: 2-3 days.

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.