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USD/JPY: the US dollar develops an uptrend 27.12.2021

Good afternoon, dear forum visitors!

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

Current trend

The American currency is holding close to the local highs of November 26, testing the level of 114.50 for a breakout.

Market activity remains rather low due to the Christmas holidays, while investors are in no hurry to open new positions, trying to assess the prospects for the current epidemiological situation in the world. Many regions, including Asia, are showing an alarming increase in new cases of coronavirus. It is noted that the new Omicron strain has not yet become dominant, despite its high infectivity.

The yen today almost completely ignores strong macroeconomic statistics from Japan. The country's Retail Sales rose 1.2% in October after rising 1.0% last month, while analysts had expected growth to slow to 0.5%. In annual terms, sales volumes accelerated from 0.9% to 1.9%, which also turned out to be better than preliminary estimates at 1.7%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding, signaling in favor of the further development of the uptrend in the short term. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic has a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought USD in the ultra-short term.

Resistance levels: 114.50, 115.00, 115.50, 116.00.
Support levels: 114.00, 113.50, 113.00, 112.50.

https://c.radikal.ru/c40/2112/19/460781246f0c.png

https://b.radikal.ru/b00/2112/2e/d2569f979f5e.png

Trading tips

To open long positions, one can rely on the breakout of 114.50 with the target at 115.50. Stop-loss — 114.00. Implementation time: 2-3 days.

A rebound from 114.50 as from resistance followed by a breakdown of 114.00 may become a signal for new sales with the target at 113.00. Stop-loss – 114.50.

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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/JPY and trade efficiently with NPBFX.

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GBP/USD: the pound retreats from local highs 29.12.2021 

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

The British pound is trading in different directions during the morning session, consolidating around 1.3400. Activity during the last trading week of the year remains low, as investors are in no hurry to open new positions on the eve of the New Year holidays, while the news and macroeconomic background are not very informative at the moment.

The macroeconomic statistics released the day before from the United States turned out to be ambiguous, but still contributed to the short-term strengthening of the American currency. The Redbook Retail Sales Index for the week ended December 24 showed an increase from 16.4% to 21.4%, and the October Home Price Index strengthened by 1.1% from 0.9% in September, while preliminary estimates analysts were in the area of 1.2%. The S&P/CaseShiller House Price Index for the same period increased by 18.4%, slowing the upward dynamics from the previous indicator of 19.1%. Finally, the Richmond Fed Manufacturing PMI in December rose moderately from 12 to 16 points.

Support and resistance

Bollinger Bands show a stable increase in D1 chart. The price range expands from above, freeing a path to new local highs for the "bulls". MACD is also showing an uptrend, maintaining a strong buy signal, being located above the signal line. Stochastic, having approached its highs, reversed into a horizontal plane, indicating the overbought GBP in the ultra-short term.

Resistance levels: 1.3460, 1.3500, 1.3550, 1.3600.
Support levels: 1.3400, 1.3350, 1.3300, 1.3250.

https://b.radikal.ru/b36/2112/9e/c2e65069f295.png

https://d.radikal.ru/d33/2112/19/255283ca8158.png

Trading tips

To open long positions, one can rely on the breakout of 1.3460 with the target at 1.3550. Stop-loss – 1.3400. Implementation time: 2-3 days.

The return of a "bearish" trend with the breakdown of 1.3400 may become a signal for new sales with the target at 1.3300. Stop loss – 1.3460.

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 GBP/USD and trade efficiently with NPBFX.

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AUD/USD: technical analysis 31.12.2021

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 continues to correct upward against the medium-term downtrend.

This week, the price reached the level of 0.7263 (Murrey [3/8], Fibonacci correction 50.0%), but it still cannot consolidate above it. The breakout of 0.7263 will give the prospect of further upward dynamics of the asset to the levels of 0.7325 (Murrey [4/8], Fibonacci correction 61.8%), 0.7385 (Murrey [5/8]), and 0.7446 (Murrey [6/8]). The key "bearish" level is 0.7200 (Murrey [2/8], Fibonacci correction 38.2%), supported by the middle line of Bollinger bands. In case of its breakdown, the decline in the AUD/USD pair may continue to the area of 0.7120 (Fibonacci correction 23.6%), 0.7080 (Murrey [0/8]), and 0.7020 (Murrey [–1/8]).

In general, the short-term upward trend persists, which is confirmed by an upward reversal of Bollinger bands and an increase in the MACD histogram in the positive zone, but Stochastic's exit from the overbought zone does not exclude a price rollback to 0.7200, but this is unlikely to lead to a reversal of the current trend.

Support and resistance

Resistance levels: 0.7263, 0.7325, 0.7385, 0.7446.
Support levels: 0.7200, 0.7120, 0.7080, 0.7020.

https://b.radikal.ru/b02/2112/df/ef85ba8e73a0.png

Trading tips

Long positions may be opened if the price consolidates above 0.7263 with the targets at 0.7325, 0.7385, 0.7446, and stop loss 0.7220. Implementation period: 5–7 days.

Short positions may be opened below 0.7200 with the targets at 0.7120, 0.7080, 0.7020, and stop loss 0.7247.

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.

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USD/JPY: low trading activity – a catalyst for price strengthening 03.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The Japanese currency continued its upward trading dynamics after the start of today's session, and this week, the USD/JPY pair may start testing the global maximum of last year at 115.50. Instrument quotes are going up against the background of the lack of resistance from the US dollar.

Meanwhile, the epidemiological situation in Japan remains difficult. In his recent address to the nation, Prime Minister Fumio Kishida said that the restriction on the entry of foreign nationals into the country would be extended indefinitely. Therefore, the manufacturing sector, which is experiencing an acute labor shortage, could stop its recovery altogether. Tomorrow, Manufacturing PMI for December will be published, after which experts will have the opportunity to assess the negative impact of the new restrictive measures on the indicators. Analysts expect the index to fall to 54.2 points from 54.5 points a month earlier.

The low trading volatility keeps the USD Index at the levels of the end of last year, around 96 points. JOLTS labor market data for November is due tomorrow, and analysts say US job growth will continue, surpassing the 11.033M recorded a month earlier. Also, traders should pay attention to Manufacturing PMI for December, which may significantly decrease from 61.1 points to 60.2 points.

Support and resistance

The trading instrument continues to correct, approaching the global high of the year. Technical indicators keep a stable buy signal: indicator Alligator's EMA fluctuations range expands upwards, and the histogram of the AO oscillator forms new upward bars in the buy zone.

Support levels: 114.47, 112.71.
Resistance levels: 115.53, 116.70.

https://b.radikal.ru/b38/2201/90/36c24d7b17c0.png

Trading tips

After growth or consolidation above the global year's maximum at 115.53, buy positions with the target at 116.70 are relevant. Stop loss – 115.00. Implementation period: 7 days or more.

After reversal and decline, or consolidation below 114.47, sell positions with the target at 112.71 are relevant. Stop loss – 115.00.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

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GBP/USD: a global trend reversal is possible 05.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The British currency is showing an uptrend in trading after it received support the day before from the publication of strong data on the state of the domestic lending market. GBP/USD is currently trading in the area of 1.3525.

According to statistics, in the last months of the year, the UK residents began to use loan products actively. Net Lending to Individuals grew from 2.0 billion to 4.9 billion pounds, and mortgage lending increased from 1.15 billion to 3.69 billion pounds. Consumer Credit by the Bank of England increased to 1.223 billion pounds from 0.828 billion recorded earlier. The Manufacturing PMI in December did not show positive dynamics against the November indicators; however, it turned out to be better than the preliminary estimates of the market, amounting to 57.9 points against 57.6 points, predicted by analysts. In general, the increase in demand for credit services indicates an increase in consumer demand, which is a sign of the recovery of the British economy.

Meanwhile, the dynamics of the US dollar is disappointing to investors. The November data on JOLTS Job Openings turned out to be significantly worse than both the expectations of experts and the previous indicator, amounting to only 10.562 million vacancies against 11.091 million a month earlier. A decrease in the ISM Manufacturing PMI, which in December was fixed at around 58.7 points against the forecast of 60.0 points.

Support and resistance

GBP/USD is trading within the global downtrend channel, reaching the resistance line levels. Technical indicators maintain the global buy signal: the fast EMAs of the Alligator indicator are above the signal line, and the histogram of the AO oscillator is trading in the buy zone, forming ascending bars.

Support levels: 1.3478, 1.3205.
Resistance levels: 1.3575, 1.3820.

https://b.radikal.ru/b38/2201/30/0fc751b2501e.png

Trading tips

If the asset continues correctional growth and the price consolidates above the local resistance at 1.3566, long positions will be relevant with target at 1.3850. Stop-loss – 1.3480. Implementation time: 7 days and more.

If the asset reverses and continues global decline and the price consolidates below the support level at 1.3362, short positions can be opened with the target at 1.3170. Stop-loss – 1.3450.

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 GBP/USD and trade efficiently with NPBFX.

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731 (edited by Antony_NPBFX 2022-01-07 10:25:24)

Re: NPBFX - making money with us since 1996!

Brent Crude Oil: growth amid fears of production cuts 07.01.2022

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

Benchmark Brent crude oil continues to rally around 82.25 amid investor concerns over disruptions in energy supplies from Kazakhstan.

The situation in the country remains tense. Residents of the oil-producing Mangystau region went to peaceful rallies against the increase in tariffs for liquefied gas, which then escalated into serious violations of public order. Experts fear that this could hinder oil production, the volume of which in the country currently stands at 1.6M barrels per day. Production activity at the Tengiz oil and gas field in the Atyrau region of Kazakhstan, which produces 650K barrels per day, continues as usual, despite the fact that some employees of subcontractors supported the protesters. In the meantime, an adjustment in the production of "black gold" is expected in Libya, where the pipeline is currently being repaired (the reduction may be from 200K to 500K barrels per day).

Also worth noting is the decline in weekly stocks in the US by 2.144M barrels, according to the national Energy Information Agency (EIA). Analysts had expected a 3.283M barrels cut, roughly in line with last week's -3.576M barrels. At the same time, a significant increase in gasoline reserves was recorded, which amounted to 10.128M barrels after falling by 1.458M last week. Analysts attribute the current dynamics to the population's refusal to travel during the Christmas holidays.

Support and resistance

On the global chart, the asset continues to increase as part of the correction. Technical indicators maintain a steady buy signal: the fluctuation range of the Alligator EMA is expanding and the histogram of the AO oscillator, being in the buy zone, forms bars with an uptrend.

Support levels: 79.80, 71.57.
Resistance levels: 84.37, 88.00.

https://d.radikal.ru/d43/2201/79/ff646ed0fe6f.png

Trading tips

If the asset continues corrective growth and the price consolidates above the local resistance level of 84.37, long positions will be relevant with target at 88.00. Stop-loss – 83.00. Implementation time: 7 days and more.

If the asset reverses and continues to decline and the price consolidates below the local low at 79.80, short positions can be opened with the target at 71.57. Stop-loss – 82.00.

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USD/CAD: the US dollar remains under pressure 10.01.2022 

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the USD/CAD pair shows ambiguous trading dynamics, consolidating near the level of 1.2650 around the local lows of December 8.

The American currency remains under moderate pressure after publishing ambiguous statistics on the US labor market for December last Friday. In particular, the number of new jobs amounted to only 199K, having fallen from the previous 249K, although the market forecasts assumed a steady growth of 400K. The published data are slightly at odds with the earlier released minutes of the US Federal Reserve, in which the American regulator tried to take a tougher stance about the reduction of existing incentives.

In turn, the corresponding Canadian report, published at the same time as the American one, was a little more optimistic. The employment indicator for December slowed down from 153.7K to 54.7K but was much better than experts' expectations of 27.5K. At the same time, the unemployment rate, as in the case of the United States, fell from 6% to 5.9%.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range expands but not as fast as the "bearish" dynamics develop. The MACD indicator is going down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic maintains a confident downward trend, but it is near its lows, signaling the dollar may become oversold in the ultra-short term.

Resistance levels: 1.2700, 1.2743, 1.2777, 1.2812.
Support levels: 1.2600, 1.2558, 1.2500, 1.2450.

https://b.radikal.ru/b23/2201/2b/b111be317e0d.png

https://a.radikal.ru/a15/2201/5a/b7fbb83288e6.png

Trading tips

Long positions may be opened after the breakout of 1.2700 with the target at 1.2812. Stop loss – 1.2640. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 1.2600 with the target at 1.2500. Stop loss – 1.2650.

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/CAD and trade efficiently with NPBFX.

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GBP/USD: the pound is updating November highs 12.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The pound is trading upward against the US currency during the morning session, renewing new local highs from November 4 and testing 1.3645 for a breakout.

Significant support for the instrument is still provided by the expectations of a further increase in interest rates from the Bank of England, which is still ahead of the US Fed, having adjusted its monetary policy in December. In addition, investors are positive about the success of the British government in overcoming the next wave of coronavirus. The country has managed to avoid the return of large-scale restrictions, while, despite high incidence rates, the UK has not faced an overload of the health care system due to high herd immunity and low fatality of the Omicron strain.

But the macroeconomic statistics from the UK published yesterday left much to be desired. BRC Like-For-Like Retail Sales fell sharply from 1.8% to 0.6%, which turned out to be worse than analysts' average forecasts. At the end of the week, investors expect the publication of a large block of macroeconomic statistics from the UK on the dynamics of GDP and industrial production in November.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into a horizontal plane, indicating strongly overbought GBP in the ultra-short term.

Resistance levels: 1.3650, 1.3700, 1.3750, 1.3800.
Support levels: 1.3600, 1.3550, 1.3500, 1.3460.

https://d.radikal.ru/d05/2201/4c/cd2798a84e34.png

https://d.radikal.ru/d17/2201/23/b1a44d344780.png

Trading tips

To open long positions, one can rely on the breakout of 1.3650 with the target at 1.3750. Stop-loss – 1.3600. Implementation time: 1-2 days.

A rebound from 1.3650 as from resistance, followed by a breakdown of 1.3600 may become a signal for new sales with the target at 1.3500. Stop-loss – 1.3650.

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 GBP/USD and trade efficiently with NPBFX.

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EUR/USD: euro updates local highs of November 11 14.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows a moderate increase against the US dollar during the Asian session, ending the week with growth. The instrument is testing 1.1470 for a breakout, updating the local highs of November 11.

Before the end of the day, the market will receive quite a lot of noteworthy publications, so the situation may well change; however, judging by the forecasts of investors, the dollar will remain under pressure. In particular, US Retail Sales data for December is expected to reflect a drop in sales volumes from 0.3% to zero levels. At the same time, the Michigan Consumer Sentiment Index may retreat from 70.6 to 70 points.

Investors are looking forward to today's speech by the President of the European Central Bank (ECB), Christine Lagarde, who is likely to pay considerable attention to the growing risks associated with the spread of a new wave of coronavirus cases. The issue of tightening monetary policy in the eurozone is still open.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the surge of "bullish" sentiments at the moment. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, is expected to reverse into a horizontal plane, indicating significant risks associated with the euro being overbought in the ultra-short term.

Resistance levels: 1.1500, 1.1534, 1.1572, 1.1600.
Support levels: 1.1460, 1.1422, 1.1400, 1.1363.

https://a.radikal.ru/a27/2201/dc/bea5e2ed40c3.png

https://a.radikal.ru/a20/2201/14/7f72867d2c03.png

Trading tips

To open long positions, one can rely on the breakout of 1.1500. Take-profit – 1.1600. Stop-loss – 1.1460. Implementation time: 2-3 days.

A rebound from 1.1500 as from resistance, followed by a breakdown of 1.1460 may become a signal for new sales with the target at 1.1363. Stop-loss – 1.1500.

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

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

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

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

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GBP/USD: the pound retreated from its local highs for a short time 17.01.2022 

Good afternoon, dear forum visitors!

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

Current trend

The British pound traded with rising dynamics against the US currency during the morning session, recovering from the "bearish" correction last Friday. The end of the last trading week was marked by an active rise in the US dollar exchange rate, and there were practically no fundamental reasons for this.

In turn, the macroeconomic statistics from the UK, which appeared last Friday, provided additional support to the pound. UK GDP rose 0.9% in November after rising 0.2% in October. Analysts expected an increase of only 0.4%. The growth rate of Industrial Production for the same period amounted to 1.0%, while the market expected only 0.2%. In October, production volumes showed negative dynamics at the level of –0.5%. In annual terms, however, production slowed down from 0.2% to 0.1%, which was much worse than investors' expectations of growth of 0.5%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is slightly narrowing, staying spacious enough for the current activity level in the market. MACD indicator is declining and is getting ready to form a new sell signal (the histogram should consolidate below the signal line). Stochastic shows a slightly more confident decline, quickly retreating from its highs.

Resistance levels: 1.3700, 1.3750, 1.3800, 1.3833.
Support levels: 1.3650, 1.3600, 1.3550, 1.3500.

https://c.radikal.ru/c05/2201/77/a72f12aba481.png

https://a.radikal.ru/a18/2201/41/5e63f973e526.png

Trading tips

To open long positions, one can rely on the rebound from the support level of 1.3650 with the subsequent breakout of 1.3700 with the target at 1.3800. Stop-loss – 1.3650. Implementation time: 2-3 days.

The breakdown of 1.3650 may serve as a signal to new sales with the target at 1.3550. Stop-loss – 1.3700.

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 GBP/USD and trade efficiently with NPBFX.

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EUR/USD: European currency remains under pressure 19.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows multidirectional trading dynamics against the US dollar during the Asian session, consolidating near 1.1330 after falling on Tuesday. As a result of yesterday's trading, the instrument was actively losing value, despite the fact that macroeconomic indicators contributed to the upward dynamics of risky assets. A study by the Center for European Economic Research (ZEW) recorded an increase in the Economic Sentiment Index in the eurozone in January from 26.8 to 49.4 points, while analysts expected a correction to 26.4 points. The Economic Sentiment Index in Germany for the same period increased from 29.9 to 51.7 points, also ahead of the preliminary estimates of experts at the level of 32.7 points.

Investors today are focused on the statistics on consumer inflation in Germany for December. Market forecasts do not imply significant changes in the pace of price growth in Europe's largest economy; however, traders hope to see evidence of a possible tightening of monetary policy by the European Central Bank (ECB) in the statistics.

Support and resistance

On the daily chart, Bollinger Bands demonstrate the flat trading dynamics. The price range remains virtually unchanged, indicating an approximate balance of power in the short term. MACD is going down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic keeps a steady downward direction but is already approaching its lows, which indicates the risks of oversold euro in the ultra-short term.

Resistance levels: 1.1363, 1.1400, 1.1422, 1.1460.
Support levels: 1.1300, 1.1255, 1.1220, 1.1185.

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Trading tips

To open long positions, one can rely on the breakout of 1.1363 with the target at 1.1460. Stop-loss – 1.1310. Implementation time: 2-3 days.

The breakdown of 1.1300 may serve as a signal to new sales with the target at 1.1220. Stop-loss – 1.1350.

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

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AUD/USD: the Australian dollar ends the week with flat dynamics 21.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The Australian dollar, thanks to the active actions of the “bears”, is losing ground at the end of the current trading week, testing the level of 0.7200 for a breakdown. AUD/USD pair is losing ground and moving into the “red” zone, despite the fact that there are not many fundamental reasons for the growth of the American currency. The data released the day before from the US failed to support the “bullish” sentiment of investors in the US currency, neither within the data on Initial Jobless Claims, nor on the statistics of Existing Home Sales.

In turn, on Thursday, the Australian dollar managed to enlist fairly strong support from market participants after the publication of a strong report on the Australian labor market for December. The Employment Change increased by 64.8K jobs, which turned out to be significantly better than market expectations of 30K jobs. At the same time, the Unemployment Rate in the country in December fell to new record lows at around 4.2%, although analysts' forecasts suggested a decline from only 4.6% to 4.5%.

Support and resistance

On the daily chart, Bollinger Bands show flat dynamics. The price range remains virtually unchanged, remaining spacious enough for the current level of activity in the market. MACD is stretching into a line along the zero level, signaling an approximate balance of power between sellers and buyers in the short term. Stochastic is trying to reverse upwards, near the level of “20” and indicating the continuation of the “bullish” momentum since the middle of the week.

Resistance levels: 0.7250, 0.7300, 0.7328, 0.7369.
Support levels: 0.7200, 0.7160, 0.7128, 0.7100.

https://a.radikal.ru/a41/2201/6d/9b704a130187.png

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Trading tips

To open new sales, one can rely on a confident breakdown of 0.7160 with a target of 0.7100. Stop loss – 0.7200. Implementation period: 1-2 days.

A rebound from the level of 0.7160 as a support, followed by a breakout of 0.7200, may be a signal to open long positions with the target at 0.7250. Stop loss – 0.7175.

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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.

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XAU/USD: stabilization after last week's decline 24.01.2022

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 are consolidating near the level of 1835.00 after a corrective decline at the end of last week, when the XAU/USD pair retreated from its local highs of November 22.

Significant support for metal quotes is still provided by the risks of the total spread of inflation as the world economy recovers. At the same time, investors are in no hurry to open new long positions in anticipation of the start of the US Federal Reserve's interest rate hike cycle. The first of them may take place as early as March, and four adjustments of the indicator are expected during 2022. Also, in the summer, the regulator may announce the start of a noticeable reduction in its balance sheet.

Gold is also strengthening against the backdrop of ongoing epidemiological risks. The incidence of coronavirus remains quite high, and production continues to face supply chain disruption problems.

Support and resistance

On the daily chart, Bollinger Bands reverse into a horizontal plane. The price range expands above, letting the "bulls" renew local highs.

MACD is growing, keeping a poor buy signal (the histogram is above the signal line). Stochastic reversed at the level of 80 downwards and signals in favor of developing a corrective decline in the next time intervals.

It is better to pay attention to the possibility of downward signals developing in the short and/or ultra-short term.

Resistance levels: 1840.00, 1847.63, 1860.00.
Support levels: 1831.66, 1823.09, 1814.06, 1805.50.

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Trading tips

Long positions may be opened after the breakout of 1840.00 with the target at 1860.00. Stop loss – 1831.66. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1840.00 as a resistance and the breakdown of 1831.66 with the target at 1814.06. Stop loss – 1840.00.

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739 (edited by Antony_NPBFX 2022-01-26 10:43:18)

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GBP/USD: the pound tests the level of 1.3500 for a breakout 26.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The British currency demonstrates upward trading dynamics during the morning session on January 26, recovering from local lows of the beginning of the month and testing for a breakout the strong resistance around 1.3500. The growth is more of a technical nature since the fundamental factors change slightly.

Today, the key event will be the decision of the US Federal Reserve on the interest rate, and therefore investors are in no hurry to open new long dollar positions. However, the regulator is unlikely to surprise the markets, although officials' comments and renewed forecasts for the future can play an important role. On January 11, the chairman of the department, Jerome Powell, announced a clear sequence of actions to normalize monetary policy in the country: the quantitative easing (QE) program will end in March, and then several key rate increases are planned throughout the year. Investors expect the first increase in March from US officials, with four such adjustments scheduled for 2022.

Yesterday's US macroeconomic data provided minor support to the dollar. Thus, the housing price index in November strengthened by 1.1%, maintaining the previous month's growth rate, while analysts expected the index to slow down to 1.0%. The housing price index from S&P/CaseShiller over the same period slowed down from 18.5% to 18.3%, while the market expected a decrease to 18%.

Support and resistance

Bollinger bands smoothly reverse downwards on the daily chart: the price range expands from below, letting the "bears" renew local lows. MACD also decreases, keeping a strong sell signal (the histogram is below the signal line). Having approached its lows, Stochastic reversed into an upward plane, signaling in favor of a corrective growth of the pound in the ultra-short term.

Resistance levels: 1.3500, 1.3550, 1.3600, 1.3650.
Support levels: 1.3460, 1.3435, 1.3400, 1.3350.

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Trading tips

Long positions may be opened after the breakout of 1.3550 with the target at 1.3650. Stop loss – 1.3500. Implementation period: 2–3 days.

Short positions may be opened after the rebound from 1.3550 as resistance, followed by the breakdown of 1.3500, with the target at 1.3400. Stop loss – 1.3550.

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740 (edited by Antony_NPBFX Yesterday 09:31:13)

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EUR/USD: "bearish" sentiment in the asset is intensifying 28.01.2022

Good afternoon, dear forum visitors!

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

Current trend

The European currency shows ambiguous dynamics of trading against the US dollar during today's Asian session, consolidating near the level of 1.1150. The day before, EUR/USD showed a steady decline, as a result of which it updated record lows from June 2, 2020.

The reason for the strengthening of "bearish" sentiment yesterday was the strong data on the dynamics of US GDP for Q4 2021. The US economy expanded 6.9% in Q4 after expanding 2.3% in the prior period. Analysts had expected growth of only 5.5%. The published statistics correlate with the words of the Chair of the US Federal Reserve, Jerome Powell, who commented on the prospects for the regulator's monetary policy on Wednesday. The official noted the achievements of the American economy and said that board members are considering a rate hike as early as March. Moreover, under certain circumstances, the regulator can adjust the rate by 50 basis points at once.

Today, investors will be focused on statistics on the dynamics of German GDP for Q4 2021. Also during the day there will be a report on business sentiment in the euro area for January.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable 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 keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold EUR in the ultra-short term.

Resistance levels: 1.1185, 1.1220, 1.1255, 1.1300.
Support levels: 1.1130, 1.1100, 1.1054, 1.1000.

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Trading tips

To open short positions, one can rely on the breakdown of 1.1130 with the target at 1.1054. Stop loss – 1.1170. Implementation time: 1-2 days.

A rebound from 1.1130 as from support followed by a breakout of 1.1185 may become a signal for new purchases with the target at 1.1300. Stop-loss – 1.1130.

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