• Registered: 2016-08-02
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Re: NPBFX - making money with us since 1996!

NZD/USD: USD received a new growth impetus 03.05.2021

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

NZD has been declining against USD during today's Asian session, remaining under pressure after a strong "bearish" momentum emerged at the end of the previous week.

The new sales were prompted by strong macroeconomic statistics from the USA, which once again confirmed the fact of the rapid recovery of the American economy after the coronavirus crisis. Obviously, all the support measures taken by the authorities turned out to be effective, and now one of the central issues is only the timing of the curtailment of stimulus programs, first of all, the quantitative easing program from the US Fed, while it is still somewhat premature to count on an increase in interest rates.

Today, investors will be focusing on the April US Manufacturing PMIs. Noteworthy data from New Zealand will appear only on Wednesday, when the quarterly report on the labor market is released and the speech of the Reserve Bank of New Zealand Governor, Adrian Orr, takes place.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD reversed downwards having formed a new 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 NZD in the ultra-short term.

Resistance levels: 0.7200, 0.7250, 0.7305.
Support levels: 0.7150, 0.7100, 0.7050, 0.7000.

Trading tips

To open new short positions, one can rely on the breakdown of 0.7150. Take-profit – 0.7050. Stop-loss – 0.7200. Implementation time: 1-2 days.

A rebound from 0.7150 as from support followed by a breakout of 0.7200 may become a signal for new purchases with the target at 0.7305. Stop-loss – 0.7150.

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 NZD/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

EUR/USD: EUR quotes remain under pressure 05.05.2021

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

EUR shows a slight increase against USD during today's Asian session, correcting after yesterday's decline, which led to the renewal of local lows of April 22.

USD retains its previous growth momentum, which was formed at the end of last week, receiving additional support after the speech of the US Treasury Secretary Janet Yellen, who did not rule out the possibility of an early rate hike in order to avoid overheating the American economy, which is demonstrating impressive growth rates. Investors are also optimistic about news of the gradual reopening of the US states against the backdrop of an active vaccination campaign and a general stabilization of the epidemiological situation.

Market participants are focused on statistics on business activity in the services and manufacturing sectors of the eurozone from Markit. In addition, a speech by the European Central Bank representative Philip Lane is expected, who may hint on tightening monetary policy in the region.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic, having approached its lows, is trying to reverse upwards, indicating the risks of oversold EUR in the ultra-short term.

To open new positions, it is necessary to wait for the trade signals to become clear.

Resistance levels: 1.2037, 1.2087, 1.2148, 1.2200.
Support levels: 1.2000, 1.1945, 1.1900, 1.1850.

Trading tips

To open long positions, one can rely on the rebound from the support level of 1.2000, with the subsequent breakout of 1.2050. Take-profit – 1.2148. Stop-loss – 1.2000. Implementation time: 2-3 days.

The breakdown of 1.2000 may serve as a signal to new sales with the target at 1.1900. Stop-loss – 1.2050.

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 EUR/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
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Re: NPBFX - making money with us since 1996!

AUD/USD: consolidation at local highs 07.05.2021

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 slightly declining against USD in trading this morning session, consolidating near the local highs, updated the day before.

Traders are not opening new positions ahead of the publication of the US labor market report for April. The forecasts are quite optimistic. In particular, it is expected that the number of Nonfarm Payrolls will grow by 978K after rising by 916K in March. The Unemployment Rate for the first time in a long period may fall below 6%, to 5.8%.

In the meantime, moderate support for the instrument is provided by statistical data from Australia and published comments of the country's regulator on monetary policy, which, however, remains very restrained. Anyway, AiG Services index went up from 58.7 to 61 points in April.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly changing, reflecting ambiguous dynamics of trading in the ultra-short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought instrument in the ultra-short term.

Existing long positions should be kept until technical indicators are clarified.

Resistance levels: 0.7800, 0.7840, 0.7883.
Support levels: 0.7756, 0.7700, 0.7675, 0.7650.

Trading tips

To open long positions, one can rely on the breakout of 0.7800. Take-profit – 0.7883. Stop-loss – 0.7756. Implementation time: 1-2 days.

A rebound from 0.7800 as from resistance, followed by a breakdown of 0.7756 may become a signal for new sales with the target at 0.7700. Stop-loss – 0.7800.

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.

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Re: NPBFX - making money with us since 1996!

USD/CAD: the likelihood of a trend change is still low 10.05.2021

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 USD/CAD pair is showing a downtrend, trading at 1.2115.

CAD continues to look strong against the backdrop of the declining USD; however, Friday's labor market data from Canada made analysts question the strength of CAD. The Unemployment Rate in April rose from 7.5% to 8.1%, showing the most significant deterioration since March 2020. The Net Change in Employment decreased by 207.1K, which turned out to be much worse than the expected decline by 175.0K. Participation Rate fell to 64.9% from 65.2%.

The USD/CAD pair did not change the trend only due to the fact that the situation on the US labor market turned out to be even worse. The Unemployment Rate in April rose from 6.0% to 6.1%. In turn, the employment rate fell in almost all sectors. The number of jobs in the manufacturing industry decreased by 18K, with a projected increase of 55K, and the number of Nonfarm Payrolls increased by 266K, with an expected increase of 978K. Thus, the target indicators for employment were again not reached, so raising interest rates by the US Fed is out of the question.

Support and resistance

On the daily chart, the price continues to form a global descending channel. Technical indicators are in a state of sale: the range of EMA fluctuations on the Alligator indicator continues to expand, and the histogram of the AO oscillator is trading in the sales zone.

Resistance levels: 1.2260, 1.2610.
Support levels: 1.2050, 1.1800.

Trading tips

If the asset continues declining and the price consolidates below 1.2050, short positions can be opened with the target at 1.1800. Stop-loss – 1.2150. Implementation time: 7 days and more.

If the asset reverses and grows, and the price consolidates above 1.2260, long positions with the target of 1.2610 will be relevant. Stop-loss – 1.2150.

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

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

  • Registered: 2016-08-02
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Re: NPBFX - making money with us since 1996!

AUD/USD: positive financial statements supported the pair's quotes 12.05.2021

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 is correcting, trading at 0.7796.

AUD continues to trade with confidence against its major competitors. The situation with the spread of coronavirus in the country has been taken under control, and since the beginning of the week, the number of new cases has not exceeded 10. Against this background, macroeconomic indicators began to recover. Australian Retail Sales rose 1.3% in March, while the National Bank of Australia's business confidence rose to 26 points in April from 17 points in March. The number of Building Approvals came in line with analysts' expectations, increasing by 17.4%.

In turn, USD is trading without a pronounced dynamics, being near the psychological support level of 90.000 in the USD Index. The US Food and Drug Administration (FDA) has approved Pfizer's coronavirus drug for teens aged 12 to 15. Vaccination of this category of the population may begin this week.

US CPI data for April will be released today. Analysts expect the growth rate to remain at the March level of 0.3%. Investors' attention will also be focused on the 10-Year Note Auction.

Support and resistance

On the global chart of the asset, the price continues to form an ascending channel. Technical indicators are in a state of purchase: the range of EMA fluctuations on the Alligator indicator is expanding, and the histogram of the AO oscillator is trading in the positive zone.

Resistance levels: 0.7847, 0.8000.
Support levels: 0.7696, 0.7560.

Trading tips

If the asset continues growing and the price consolidates above the local resistance at 0.7847, long positions will be relevant with target at 0.8000. Stop-loss – 0.7750. Implementation time: 7 days and more.

If the asset reverses and declines and the price consolidates below the support at 0.7696, short positions can be opened with the target at 0.7560. Stop-loss – 0.7780.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

EUR/USD: US labor market data put pressure on the pair

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

Quotes of the EUR/USD pair slowed down their growth, trading in a corrective trend at 1.2090.

The day before, European Commission published the spring forecast for the development of the EU economy, according to which the economic indicators of the region will be able to return to pre-crisis levels only by the end of 2022 and the beginning of 2023. Eurozone GDP is projected to grow by 4.2% in 2021 and 4.4% in 2022. Today, the European Central Bank is to publish a statement on monetary policy. Investors do not expect changes, as key indicators have not yet approached the "decision-making levels": inflation is at 1.6%, and the unemployment rate is far from the target range of 7.0%–7.4%.

For the first time this week, the quotes of USD showed acceptable growth. After serious fears about high inflation, investors expected a fall in the labor market, but yesterday's data showed positive dynamics. The number of Initial Jobless Claims decreased from 507K to 473K against the forecast of 490K. In turn, the Producer Price Index in April rose by 0.6% with an expected increase of 0.3%.

Support and resistance

On the global chart of the asset, the price continues correctional growth. Technical indicators maintain the buy signal: the range of EMA fluctuations on the Alligator indicator stays wide and the histogram of the AO oscillator is trading in the purchase zone.

Resistance levels: 1.2162, 1.2336.
Support levels: 1.2000, 1.1842.

http://businesspr-finance.com/wp-content/uploads/2021/05/eurusd14052021-33.png

Trading tips

If the asset continues growing and the price consolidates above the local resistance at 1.2162, long positions will be relevant with target at 1.2336. Stop-loss – 1.2100. Implementation time: 5 days.

If the asset declines and the price consolidates below the local support at 1.2000, short positions can be opened with the target at 1.1842. Stop-loss – 1.2060.

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.

  • Registered: 2016-08-02
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Re: NPBFX - making money with us since 1996!

USD/CAD: the pair continues declining actively 17.05.2021

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 USD/CAD pair is showing a downtrend, trading at 1.2121.

CAD continues to rise, hitting a record high since 2015 last Friday. The positive dynamics is facilitated by a sharp increase in global demand for manufactured goods and raw materials, the export leader of which is Canada. The price of lumber has increased by more than 49% since the beginning of the year, oil prices are in an uptrend, and demand for wheat and industrial metals such as copper has also increased significantly. In addition, a 173% increase in car sales in March and an increase in domestic wholesale sales of 2.8% should be noted.

USD began to decline again after the publication of disappointing macroeconomic statistics from the US. Retail sales excluding autos in April decreased by 0.8%, which was not expected by analysts, who predicted an increase of 0.7%. The volume of retail sales in April did not change, while analysts had expected the indicator to rise by 1.0%. Finally, industrial production grew by only 0.7%, which is worse than the 1.0% forecast.

Support and resistance

On the global chart, the price continues to form a descending channel. Technical indicators maintain the global sell signal. Fast EMAs on the Alligator indicator are below the signal line, and the AO oscillator histogram is trading in the sell zone.

Resistance levels: 1.2200, 1.2500.
Support levels: 1.2045, 1.1950.

Trading tips

If the asset continues declining and the price consolidates below the local support level at 1.2045, short positions can be opened with the target at 1.1950. Stop-loss – 1.2100. Implementation time: 7 days and more.

If the asset reverses and continues growing and the price consolidates above the local resistance level at 1.2200, long positions will be relevant with target at 1.2500. Stop-loss – 1.2100.

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

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

  • Registered: 2016-08-02
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Re: NPBFX - making money with us since 1996!

Brent Crude Oil: pending decisions on the Iranian nuclear deal 19.05.2021

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

Brent crude prices continue their correctional movement, trading at 68.00 after another attempt to consolidate above the key level of 70.00.

Analysts point to possible significant progress in negotiations between the United States and Iran on the renewal of the nuclear deal. If the parties are able to agree, and the US authorities will not extend the sanctions against Tehran, this will allow Iran to significantly increase the supply of cheap "black gold" to the world market.

Yesterday, the American Petroleum Institute (API) released data on weekly stocks, which increased by 0.620M barrels, which is lower than the expected increase of 1.680M. Today, the Energy Information Administration (EIA) of the US Department of Energy will publish its report, which is predicted to show an increase in reserves of 1.623M barrels. However, if the actual data demonstrate a decrease in the indicator, the local trend in the asset may again change to an uptrend.

Support and resistance

On the local chart, the asset continues to trade close to the global high, forming a sideways channel with the boundaries of 70.00–66.50.

Technical indicators are in a state of uncertainty: the fast EMAs of the Alligator indicator are below the signal line, and the histogram of the AO oscillator has moved into the sell zone, forming the first bar below the zero level.

Resistance levels: 70.20, 74.00.
Support levels: 66.70, 63.00.

Trading tips

If the asset reverses and continues growing and the price consolidates above the local resistance level at 70.20, long positions will be relevant with target at 74.00. Stop-loss – 68.00. Implementation time: 7 days and more.

If the asset continues to decline and the price consolidates below the local support at 66.70, short positions can be opened with the target at 63.00. Stop-loss – 68.00.

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.

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Re: NPBFX - making money with us since 1996!

USD/CAD: downtrend persists 21.05.2021

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 USD/CAD pair is demonstrating a downward trend, trading at the level of 1.2073, despite the negative outlook on the financial system from the Bank of Canada.

In the submitted report, the regulator highlighted the increased vulnerability of households that took out mortgage loans that do not correspond to their real income. Among the main threats to financial stability, there is a problem of increased demand for liquidity in the bond market, which banks are unable to provide in the current period of increased load. Summarizing the report, Governor of the Bank of Canada Tiff Macklem assured that in this difficult period the department would react to all current and new risks, so there are no serious concerns for the state of the economy.

Yesterday, the American currency did not show clear dynamics, as investors reacted differently to the incoming macroeconomic information. On the one hand, USD was supported by the decrease in Initial Jobless Claims, which amounted to 444K, which is lower than the projected 450K. On the other hand, the manufacturing activity index for May fell very sharply to 31.5 points from 50.2 points for April.

Support and resistance

Locally, the price is forming a downtrend. Technical indicators keep the global sell signal: fast EMAs on the Alligator indicator are below the signal one, and the AO oscillator histogram is trading in the sell zone.

Resistance levels: 1.2133, 1.2317.
Support levels: 1.2022, 1.1900.

Trading tips

After decline or consolidation below the local support of 1.2022, sell positions with the target at 1.1900 are relevant. Stop loss – 1.2080. Implementation period: 7 days or more.

After reversal and growth or consolidation above the local resistance level of 1.2133, buy positions with the target at 1.2317 will be relevant. Stop loss – 1.2070.

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

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

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Re: NPBFX - making money with us since 1996!

NZD/USD: the instrument is waiting for new drivers 24.05.2021

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

NZD is showing ambiguous performance against USD during today's morning session, building on the flat trend that has emerged in recent days.

Today, NZD is receiving little support from strong macroeconomic statistics from New Zealand. Meanwhile, retail sales in Q1 2021 showed solid 2.5% QoQ growth after a 2.7% QoQ decline last month. Analysts had expected the negative dynamics to worsen to –4.4% QoQ. Retail Sales excluding Autos for the same period accelerated from +4.8% QoQ to +6.8% QoQ, significantly outperforming the projected +1.9% QoQ.

Market activity remains subdued as investors expect new drivers to emerge. One of such events will be the meeting of the Reserve Bank of New Zealand on interest rates, which will be held on Wednesday, May 26. Analysts do not expect changes in the vector of monetary policy, but comments from officials will continue to be important.

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 going down, keeping a fairly stable sell signal (located below the signal line). Stochastic, having approached the level of "20", reversed into a horizontal plane, indicating the risks of oversold instrument in the ultra-short term.

Resistance levels: 0.7200, 0.7250, 0.7305, 0.7350.
Support levels: 0.7150, 0.7100, 0.7050, 0.7000.

Trading tips

To open long positions, one can rely on the rebound from the support level of 0.7150 with the subsequent breakout of 0.7200. Take-profit – 0.7250. Stop-loss – 0.7175. Implementation time: 2-3 days.

The breakdown of 0.7150 may serve as a signal to new sales with the target at 0.7100. Stop-loss – 0.7180.

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 NZD/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

GBP/USD: waiting for new drivers 26.05.2021

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

GBP is strengthening against USD during the morning session, again trying to recover after the flat start of the trading this week.

Investors expect new drivers to appear on the market, but for now they are only sluggishly taking a lead from the US macroeconomic statistics. On Tuesday, additional pressure on USD was exerted by data on the dynamics of new home sales, which reflected a decrease in the indicator by 5.9% MoM in April after rising by 7.4% MoM in March. In absolute terms, sales fell from 0.917M to 0.863M, while the market expected an increase in volume to 0.95M.

At the same time, house prices continue to rise moderately as the US economy recovers. Housing Price Index in March accelerated from +1.1% MoM to +1.4% MoM. In turn, the S&P/Case-Shiller Home Price Indices for the same period added 13.3% YoY after increasing by 12% YoY in February.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is slightly declining preserving a previous sell signal (located below the signal line). Stochastic reversed horizontally approximately at the center of its area, pointing to the temporary balance of power in the ultra-short term.

Resistance levels: 1.4200, 1.4232, 1.4275.
Support levels: 1.4150, 1.4100, 1.4050, 1.4000.

Trading tips

To open long positions, one can rely on the breakout of 1.4200. Take-profit – 1.4275–1.4300. Stop-loss – 1.4150. Implementation time: 2-3 days.

A rebound from 1.4200 as from resistance, followed by a breakdown of 1.4150 may become a signal for new sales with the target at 1.4050. Stop-loss – 1.4200.

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 GBP/USD and trade efficiently with NPBFX.

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Re: NPBFX - making money with us since 1996!

USD/CAD: the pair ends the week with flat dynamics 28.05.2021

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

Today during the Asian session, the USD/CAD pair is growing slightly, compensating for the decline yesterday, which prevented the formation of a corrective uptrend in the ultra-short term.

Yesterday’s US positive macroeconomic statistics on Initial Jobless Claims supported the "bullish" sentiment for the dollar; however, USD growth was still limited by the unclear prospects of the US FRS monetary policy. Although several bank representatives admitted that they are ready to discuss curtailing stimulus measures, the department does not plan to rush with them.

On Friday, the market expects the publication of a block of US macroeconomic statistics on the dynamics of personal income and spending for April, which may hint at the future policy of the American regulator.

Support and resistance

On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range practically does not change but it remains spacious enough for the current level of activity for the instrument. The MACD indicator grows, maintaining a relatively strong buy signal (the histogram is above the signal line). Stochastic demonstrates similar dynamics, being located approximately in the center of its working area. However, its current readings are slightly correlated with the real dynamics in the market.

Technical indicators do not contradict the possible resumption of the correctional growth of the US currency soon.

Resistance levels: 1.2143, 1.2200, 1.2245, 1.2300.
Support levels: 1.2060, 1.2000, 1.1930.

Trading tips

Long positions may be opened after the breakout of 1.2143 with the target at 1.2245. Stop loss – 1.2090. Implementation period: 1–2 days.

Short positions may be opened after the breakdown of 1.2060 with the target at 1.1930. Stop loss – 1.2130.

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

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

638 Reply by Antony_NPBFX (edited by Antony_NPBFX 2021-05-31 08:16:18)

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

AUD/USD: flat trading 31.05.2021

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 has shown moderate gains against USD during the Asian session, trying to recover from a decline late last week that led to renewed local lows since May 4.

Moderate support for the instrument is provided by macroeconomic statistics from Australia and China. Private Sector Credit in Australia in April showed an increase of 0.2% MoM after increasing by 0.4% MoM in March. In annual terms, credit growth rates increased from +1.0% YoY to +1.3% YoY.

The Chinese data showed a solid growth in the Non-Manufacturing PMI. In May, the indicator increased from 54.9 to 55.2 points, while analysts expected it to decline to 52.7 points. NBS Manufacturing PMI, in turn, slightly decreased from 51.1 to 51.0 points in May, while experts did not expect any changes at all.

Investors are now awaiting the Reserve Bank of Australia's interest rate decision with a follow-up press conference on Tuesday.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range practically does not change, limiting short-term "bears" in further development. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows an unstable oscillatory dynamics approximately at the center of its area, pointing to the balance of power in the ultra-short term.

Resistance levels: 0.7750, 0.7770, 0.7800, 0.7816.
Support levels: 0.7700, 0.7676, 0.7636, 0.7600.

Trading tips

To open long positions, one can rely on a confident breakout of 0.7750. Take-profit – 0.7800–0.7816. Stop-loss – 0.7715. Implementation time: 1-2 days.

The return of "bearish" trend with the breakdown of 0.7700 may become a signal for new sales with the target at 0.7600. Stop-loss – 0.7750.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

XAU/USD: prices are adjusted for the second session in a row 2.06.2021

Good afternoon, dear forum visitors!

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

Current trend

Gold prices have declined for the second session in a row, retreating from record highs since the beginning of the year and testing 1900.00 for a breakdown.

Investors are fixing long positions in the instrument amid the publication of upbeat macroeconomic statistics from the US, as well as ahead of the release of the US labor market report for May on Friday. Additional pressure on the quotes was exerted by the yield of US Treasury bonds, which resumed growth. In turn, gold is still in high demand against the background of existing inflationary risks, which are almost completely ignored by the US Fed.

Today, investors expect the publication of the monthly economic review, Fed's Beige Book, which is likely to be able to further support the "bullish" sentiment in USD.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing actively, reflecting the emergence of ambiguous dynamics of trading in the short/ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought gold in the ultra-short term.

The development of a full-fledged downtrend is possible in the near future.

Resistance levels: 1916.36, 1935.00, 1952.53, 1966.25.
Support levels: 1900.00, 1882.10, 1863.34, 1850.00.

Trading tips

To open new short positions, one can rely on the breakdown of 1882.10. Take-profit – 1850.00. Stop-loss – 1900.00. Implementation time: 1-2 days.

A rebound from 1882.10 as from support followed by a breakout of 1900.00 may become a signal for new purchases with the target at 1935.00. Stop-loss – 1882.10.

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

How can a trader determine if it’s worth buying or selling XAU/USD 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 XAU/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

AUD/USD: AUD renews local lows 4.06.2021

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 trading flat against USD during the Asian session, consolidating near the local lows since April 14 after the active decline the day before.

USD strengthened significantly yesterday, responding to the emergence of positive macroeconomic statistics. Specifically, the ADP Employment Change Report reflected nearly 1M new job growth, which points to the rapid recovery of the US economy after the pandemic and gives hope for strong results from the final US labor market report for May, which will be released today.

Statistics from Australia provided insignificant support to the instrument on Friday. The volume of Home Loans in the country in April increased by 4.3% MoM after increasing by 3.3% MoM in March. At the same time, Investment Lending for Homes for the same period corrected from +12.7% MoM to +2.1% MoM.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is expanding, but the quotes of the instrument are located below its borders. MACD is going down preserving a strong sell signal (located below the signal line). Stochastic is showing similar dynamics; however, the indicator line is rapidly approaching its lows, signaling growing risks associated with the oversold AUD in the ultra-short term.

Resistance levels: 0.7676, 0.7700, 0.7750, 0.7770.
Support levels: 0.7636, 0.7600, 0.7562, 0.7531.

Trading tips

The breakdown of 0.7636 may serve as a signal to new sales with the targets at 0.7562–0.7540. Stop-loss – 0.7676. Implementation time: 1-2 days.

To open long positions, one can rely on the rebound from the support level of 0.7636 with the subsequent breakout of 0.7676. Take-profit – 0.7750. Stop-loss – 0.7636.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

EUR/USD: euro is trying to recover 7.06.2021

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

EUR shows ambiguous trading dynamics against USD during the Asian session, consolidating near 1.2160 and maintaining the "bullish" momentum formed at the end of last week.

EUR, like many other instruments, managed to show growth last Friday, responding to the release of the US labor market report for May, which could not meet all the expectations of traders. It should be noted that the data can still be called strong, but investors fear that it is not enough to change the course of the US Fed's monetary policy. The American economy created 559K new jobs in May after 278K in April. Market forecasts assumed an increase of 650K. In turn, the Unemployment Rate fell more than expected, from 6.1% to 5.8%, which was not reflected in the dynamics of the instrument.

Today, investors are focused on statistics from Germany on the volume of factory orders for April.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is slightly expanded from below, remaining spacious enough for the current activity level in the market. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows similar dynamics, rapidly approaching its lows, which indicates risks associated with the oversold EUR in the ultra-short term.

Resistance levels: 1.2200, 1.2265, 1.2309, 1.2348.
Support levels: 1.2150, 1.2100, 1.2050, 1.2000.

Trading tips

To open long positions, one can rely on a confident breakout of 1.2200. Take-profit – 1.2309. Stop-loss – 1.2150. Implementation time: 2-3 days.

The return of "bearish" trend with the breakdown of 1.2150 may become a signal for new sales with the target at 1.2050. Stop-loss – 1.2200.

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 EUR/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

“Forex should be promoted”. Introducing an interview with the winner of the March’s Battle of Traders

Today’s winner of The Battle of Traders was attracted to Forex accidentally – by a book on wave analysis written by Ralph Elliott. 10 years have passed since then, but the trader still applies the classic waves’ approach to make prognoses on the market. Let us introduce you Yuri Genrikhovich Luchina. It is he who is on the top of March’s Battle, having made only 15 transactions using USD/JPY currency pair. For trading in the Battle, the trader has used the full range of available devices. It is important to note that the winner’s trading strategy brought him profit – he closed all trades in plus. Yuri Genrikhovich himself supposes that in order to achieve success, one should not be afraid to trade and take a risk. His educational background is related to Law and he lives in Belarus. Reasons why the winner considers Forex to be the business of the future, which needs to be promoted, as well as Yuri’s plans to trade on a real account, are presented in the interview below.

https://c.radikal.ru/c06/2106/35/650a0b18df34.png

- Yuri Genrikhovich, tell us, please, how did you learn about the Battle of Traders?

- I found it by chance through advertising on the Internet.

- Have you already had experience of participating in other contests?

- I had, indeed.

- As far as I know, in March you first became a participant in the Battle. Did you set a goal to take the first place or did the victory come as a surprise to you?

- It was a surprise.

- What were the first words and emotions when you found out that you was #1? Did you manage to share this news with someone?

- Of course I was delighted! The emotions were positive. I have not shared this news with anyone for now, but I will, later.

- Yuri Genrikhovich, what do you think of the terms and conditions of the Battle held by  NPBFX?

- They are the best!

- In March, you were able to increase your initial deposit of $5000 by 13 times (up to $65,000)! At the same time, all 15 trades were closed in profit. Please tell us what is the essence of your trading strategy?

- This is the Elliott Wave Theory analysis, I don't use indicators at all. Just the wave analysis.

- Your trading portfolio includes only one trading instrument – USD/JPY currency pair. Why did you choose the yen?

- It's just the most comfortable for me. Although I work with Swiss franc, but yen, I suppose, is more flexible.

- Would you like to try trading other instruments that are available with NPBFX, in particular, stocks, indices, oil, gas, cryptocurrencies?

- I trade with them for myself, but I use indices. It's just that there are no historical charts for these tools, which is essential for trading to have previous statistical data on currency pairs. These data can be monthly, annual – somehow it turns out easier to deal with.

- The most profitable transaction in the Battle brought you over $9,700 in profit. Its trading volume was 18 lots. The statement of your contest account displays trades with a larger trading volume – 40 and 50 lots each! Tell me, for the market prognosis, you used only wave analysis or, perhaps, fundamental analysis?

- I used the fundamental one to get a clue on price changes, in which direction – only using the wave analysis.

- During the Battle, did you open positions through the desktop version of MT4 or through a smartphone (tablet) using NPBFX mobile terminal?

- Yes, both a tablet and a computer. I use a full range of devices.

- How can you evaluate  the trading conditions at NPBFX?

- The best.

- Did you manage to get acquainted with the Analytical Portal, which is available in the Personal Office?

- Not yet, I haven't checked yet.

- How often did you refer to monitoring the accounts of all participants during the Battle? How useful was the monitoring?

- Yes, I did. Monitoring motivated to exit, to stop trading when already a certain position is taken to avoid the risks.

- $1000 has already been credited to your real trading account at NPBFX. Are you planning to continue the same trading on it as on a demo account in the Battle?

- Yes, I have a wave analysis.

- Recently, the global economy has shown a tendency of recovery after lockdowns due to COVID. Does it somehow affect Forex market, in your opinion?

- The fact that dollar will fall was predicted decades ago based only on wave analysis, so economic indicators do not play a crucial role.

- Yuri Genrikhovich, tell us a little about your professional path: what brought you to Forex – was it a chance or a deliberate choice? How long have you been trading Forex?

- For about ten years. I have just accidentally seen a book about wave analysis and became interested in this issue.

- Perhaps you attended some trainings or studied trading on your own?

- Independently. There was technical analysis, and that’s it, but I just couldn't do much with technical analysis.

- Which traits should a trader have in order to become a professional and achieve financial success?

- Do not be afraid to trade, take risks. Be more daring and less greedy.

- What do you do besides trading, what is your profession?

- I am a lawyer.

- Please tell me, what country are you from, where do you live? How old are you, are you a family man?

- Yes, I am a family man. I am 60 years old, now I am in Belarus.

- How popular is Forex trading in the Republic of Belarus, in your opinion?

- As elsewhere, as in Russia – in Belarus it is the same. By the way, I already registered in partnership program and placed your banner with the link on my webpage completely devoted to wave analysis.

- Yuri Genrikhovich, would you advise your friends and acquaintances to join the Battle of Traders? Why?

- I would advise, of course, why not.

- It turns out that you communicate with people who trade, right?

- Sure.

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

- To devote more time to advertising, as it were, to promote Forex, because this is the business of the future.

- Yuri Genrikhovich, thank you for participating in the interview. We wish you new victories and achievements in the financial markets! And let your NPBFX real account trading be even more successful than your contest account in March!

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

NZD/USD: flat trading dynamics 11.06.2021 

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

NZD is flat against USD during today's Asian session, holding near 0.7200. Investors are awaiting discussions of the newly flaring disagreements between the UK and the EU over the Brexit transition arrangements at the G7 Meeting.

Yesterday's macroeconomic statistics from the US on consumer inflation, although turned out to be better than forecasts, failed to noticeably affect the dynamics of USD. However, the market, along with the US Fed, received a new signal, indicating a rapid rise in prices. Now traders are awaiting the meeting of the American regulator, hoping to hear a more proactive position on the gradual tightening of monetary policy.

Meanwhile, the instrument is moderately supported by macroeconomic statistics from New Zealand. Business NZ PMI in May increased from 58.4 to 58.6 points, which was significantly better than market expectations at 54.4 points.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is expanding from below, remaining spacious enough for the current activity level in the market. MACD is declining keeping a weak sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic is showing flat dynamics, being located in the middle of its area.

Resistance levels: 0.7200, 0.7250, 0.7286, 0.7315.
Support levels: 0.7163, 0.7125, 0.7100, 0.7050.

Trading tips

To open long positions, one can rely on a confident breakout of 0.7200. Take-profit – 0.7250. Stop-loss – 0.7175. Implementation time: 1-2 days.

A rebound from 0.7200 as from resistance followed by a breakdown of 0.7163 may become a signal for new sales with the target at 0.7100. Stop-loss – 0.7200.

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 NZD/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

AUD/USD: the instrument is trying to recover positions 14.06.2021

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 showing weak corrective gains during the Asian session, recovering from a strong decline at the end of last week and again trying to consolidate above the strong support at 0.7700.

USD, which received a short-term boost to growth last Friday, remains under pressure mainly due to the soft position of the US Fed, which is in no hurry to share its long-term plans to reduce the current stimulus. Investors are preparing for the next meeting of the American regulator, which will be held on June 16; however, this time the market is counting only on comments at a press conference. In addition, traders are waiting for Thursday, when the May report on the Australian labor market will be released, as well as a speech by the Governor of the Reserve Bank of Australia (RBA) Philip Lowe.

Support and resistance

Bollinger Bands in D1 chart demonstrate a weak decrease. The price range is changing slightly, but remains rather spacious for the current level of activity in the market. MACD is going down, keeping a fairly stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic, having shown a rebound from the level of "80" demonstrates a confident decline and practically does not react to an attempt at corrective growth today.

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

Resistance levels: 0.7725, 0.7750, 0.7774, 0.7800.
Support levels: 0.7700, 0.7676, 0.7645, 0.7600.

Trading tips

To open new short positions, one can rely on the rebound from 0.7725 as from resistance, with the subsequent breakdown of 0.7700. Take-profit – 0.7645. Stop-loss – 0.7725. Implementation time: 1-2 days.

The breakout of 0.7725 may serve as a signal to new purchases with the target at 0.7774. Stop-loss – 0.7700.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

USD/CHF: the dollar quotes are consolidating around 0.9000 16.06.2021

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

Today during the Asian session, the USD/CHF pair grows slightly, recovering from yesterday’s decline which was due to the appearance of poor US macroeconomic statistics on the dynamics of retail sales. Market activity remains low, as investors prefer to wait for the publication of the final minutes of the two-day meeting of the US Federal Reserve, which may reflect the gradual transition of the regulator to tightening monetary policy.

The National Bank of Switzerland will also hold a meeting on monetary policy this week. The minutes will be published on Thursday, after the release of the financial stability report and the May export statistics. As in the case of the American regulator, analysts do not expect changes in the course of the Swiss monetary policy but expect to receive a summary of renewed forecasts for the near future.

Support and resistance

On the daily chart, Bollinger bands move flat. The price range remains virtually unchanged but is wide enough for the current level of market activity. MACD grows, maintaining a poor buy signal (the histogram is above the signal line). Stochastic, having approached the level of 80, slightly slowed down its growth, however, it still signals for the development of the "bullish" dynamics in the ultra-short term.

It is better to keep the current long positions in the short-term and/or super-short-term perspective until the signals from technical indicators are clarified.

Resistance levels: 0.9000, 0.9050, 0.9100, 0.9163.
Support levels: 0.8960, 0.8925, 0.8880, 0.8850.

Trading tips

Long positions may be opened after the breakout of 0.9000 with the target at 0.9050. Stop loss – 0.8975. Implementation period: 1–2 days.

Short positions may be opened after the breakdown of 0.8960 with the target at 0.8880. Stop loss – 0.9000.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

EUR/USD: EUR remains under pressure 18.06.2021

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

EUR again demonstrates an attempt at corrective growth against USD during today's trading, recovering after two sessions of active selling, which led the instrument to renewed local lows since April 13.

Investors are still buying USD after the publication of the results of the US Fed meeting, which reflected the gradual tightening of the regulator's position on raising interest rates. According to the published minutes, most of the board members expect two rate hikes in 2023, while previously only 2024 was considered. At the same time, the US Fed is also beginning to discuss the gradual reduction of the quantitative easing program, which is likely to happen before the rate hike.

Macroeconomic statistics from the eurozone released today did not provide significant support to EUR. As expected, the Consumer Price Index in the region slowed down in May from +0.6% MoM to +0.3% MoM. On an annualized basis, consumer inflation continues to remain close to the target level of +2% YoY.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, but it fails to catch the development of "bearish" trend at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic maintains a strong downtrend, but reaches zero, signaling oversold EUR in the ultra-short term.

Resistance levels: 1.1950, 1.2000, 1.2050, 1.2100.
Support levels: 1.1900, 1.1834, 1.1800, 1.1758.

Trading tips

The breakdown of 1.1900 may serve as a signal to new sales with the target at 1.1800. Stop-loss – 1.1950. Implementation time: 1-2 days.

To open long positions, one can rely on the rebound from the support level of 1.1900 with the subsequent breakout of 1.1950. Take-profit – 1.2050. Stop-loss – 1.1900.

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 EUR/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

USD/CHF: the American dollar develops a confident rally 21.06.2021

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

Today, during the Asian session, the USD/CHF pair actively grows, preparing to renew local highs from mid-April.

Market participants react to the minutes of the US Federal Reserve meeting published last week, which reflected a smooth change in sentiment in the US regulator's leadership. Now, the first rate hike is expected in 2023, while some board members are in favor of a reasonable rate hike as early as 2022. Also, the department promised to assess the feasibility of reducing the current quantitative easing program at each of its meetings. The regulator will start tightening monetary policy with this action.

On Monday, European investors await the release of a monthly report from the Bundesbank, as well as a speech by the head of the European Central Bank (ECB) Christine Lagarde, who is likely to try to stabilize the situation in the currency markets.

Support and resistance

Bollinger bands grow steadily on the daily chart. The price range expands but not as fast as the “bullish” sentiments develop. The MACD indicator grows, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, indicating that USD may become overbought in the ultra-short term.

You should hold the existing long positions until the signals from technical indicators are clarified.

Resistance levels: 0.9244, 0.9300, 0.9350, 0.9400.
Support levels: 0.9200, 0.9163, 0.9100, 0.9050.

Trading tips

Long positions may be opened after the breakout of 0.9244 with the target at 0.9350. Stop loss – 0.9200. Implementation period: 1–2 days.

Short positions may be opened after the rebound from 0.9244 and the breakdown of 0.9200 with a target at 0.9100. Stop loss – 0.9244.

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.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

NZD/USD: the instrument is testing 0.7000 23.06.2021 

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

NZD is trading ambiguously against USD during the Asian session, consolidating near strong resistance at 0.7000.

Investors are fixing short positions in USD, opened on Tuesday, which leads to the emergence of corrective dynamics after the speech of the Chair of the US Fed Jerome Powell in the US Congress. The official reminded about the need for a broader assessment of the current economic situation and noted that the regulator will not rush to raise rates until a large-scale recovery of the labor market.

Some support for the instrument was provided yesterday by the data on Westpac Consumer Survey published in New Zealand. In Q2 2021, the indicator increased from 105.2 to 107.1 points, while the market expected it to decrease to 99.5 points.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is slightly narrowing from above, being spacious enough for the current activity level in the market. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic is showing similar dynamics, being approximately in the center of its area and indicating further growth of NZD in the ultra-short term.

Current showings of the indicators do not contradict the further development of the uptrend in the short term.

Resistance levels: 0.7050, 0.7100, 0.7125, 0.7163.
Support levels: 0.7000, 0.6950, 0.6913.

Trading tips

To open long positions, one can rely on the rebound from the support level of 0.7000 with the subsequent breakout of 0.7050. Take-profit – 0.7125. Stop-loss – 0.7010. Implementation time: 2-3 days.

The breakdown of 0.7000 may serve as a signal to new sales with the target at 0.6913. Stop-loss – 0.7050.

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 NZD/USD and trade efficiently with NPBFX.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

Results of the April’s Battle of Traders: impressive single-asset portfolios and top-10 traders of the Battle

For many months, NPBFX demo contest has been keeping the trader community interested. For some, The Battle of Traders is an opportunity to win the first real money on trading, someone participates in the Battle to test and improve their trading strategy, but there are also many of those who come for adrenaline and new emotions! Who could show their professional skills and maximize the initial deposit in the April’s Battle? We present you an overview of the results of the Battle of Traders and introduce you to the trading portfolios of the best traders of the month.

In general, 2,112 traders took part in the Battle in April. The first place and the title of the winner was taken by a trader under the nickname Alexey750 (#251424). To win, he closed 36 trades, and his trading portfolio consisted of gold, silver, indices, cryptocurrencies Litecoin, Ethereum, as well as traditional currency pairs. Not all of the transactions were profitable, still, the final result for the month is impressive – trader managed to increase the initial capital of $5000 by almost 3000%!

Almost 100 transactions were closed by the trader viclenp (account #255422) in order to take the 2nd place in the competitive final table. His trading portfolio was dominated by two assets: Bitcoin (BCHUSD) and the German DAX30 index. The trader showed an excellent trading result: 80% of the transactions were profitable!

GBPUSD pair is regularly included in the list of trading assets of the winners and awardees of the Battle of Traders. In April, pound also helped to win the 3rd place for the trader with the nickname GSQ, as 13 out of 14 of his trades were in pound/dollar.

Gold, oil, cryptocurrencies, indices, currency pairs – hungthuy has used various groups of trading assets available on NPBFX MT4. As a result, trader took the 5th prize in the rating. Bitcoin and indices S&P500, STOXX50, DAX30 helped the trader with the nickname maks8913 to achieve success in the Battle as well. Trader with a demo account #254500 has chosen a monoportfolio with the classic EURUSD. In just a month, contestant closed 52 trades. Moreover, trader with the nickname naresh8000pk (account #255573) closed more than 200 transactions in Swiss franc (USDCHF), adding to AUDUSD and NZDUSD.

It should be noted that in April the portfolios of traders from the top-list really turned out to be diverse – with a clear predominance of indices, and a benchmark for cryptocurrencies and metals.

The best traders according to the results of the April’s Battle of Traders, who shared the prize pool of $2500, were the participants with the nicknames: Alexey750, viclenp, GSQ, Rafkat1977, hungthuy, naresh8000pk, LeonFX, maks8913, 222, Waqas93.

https://d.radikal.ru/d27/2106/1f/3d78928a7dbd.png

NPBFX congratulates the winners and thanks all traders who took part in the April’s Battle of Traders! Any trader can become a participant of the new Battle, regardless of trading experience and chosen strategy. All you need is to register on the company’s website, set the right goal and show your best skills on a contest demo account!

NPBFX wishes all traders good luck and profitable trades!

Registration for the Battle of Traders is available here.

  • Registered: 2016-08-02
  • Posts: 1,187

Re: NPBFX - making money with us since 1996!

NZD/USD: NZD develops a "bullish" momentum 28.06.2021

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

NZD has shown moderate gains against USD in the Asian session, building on the "bullish" momentum it formed last week.

Last Friday, the instrument managed to renew its local highs from June 17, after which it retreated amid corrective closing of most of its long positions. The pressure on the NZD/USD pair was also exerted by the approval of the deal on the modernization of the US infrastructure from Joe Biden in the US Congress. Analysts did not expect any difficulties with voting among congressmen, given the parliament's loyalty to the incumbent.

NZD, in turn, was supported by macroeconomic statistics from New Zealand. Exports in May increased from 5.4B to 5.87B dollars. Imports for the same period also increased from 4.99B to 5.4B dollars, which ultimately led to a slight increase in the trade surplus in May from 414M to 469M dollars.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting a sharp change of trend in the short/middle term. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic retains upward direction but is located near its highs, which indicates the overbought instrument in the ultra-short term.

Existing long positions should be kept until technical indicators are clarified.

Resistance levels: 0.7100, 0.7125, 0.7163, 0.7200.
Support levels: 0.7050, 0.7000, 0.6950, 0.6921.

Trading tips

To open long positions, one can rely on the breakout of 0.7100. Take-profit – 0.7200. Stop-loss – 0.7050. Implementation time: 2-3 days.

A breakdown of 0.7050 may become a signal for returning to sales with target at 0.6950. Stop-loss – 0.7100.

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 NZD/USD and trade efficiently with NPBFX.