NZD/USD: the pair is trading in both directions 26.09.2018

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

The pair can fall.
On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3095.

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GBP/USD: wave analysis 01.10.2018

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

The pair is in a correction and can grow.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (iii) of i has formed, and the local correction has ended as a wave (iv) of i. If the assumption is correct, the pair will grow to the levels of 1.3474–1.3615. In this scenario, critical stop loss level is 1.2975.

Main scenario

Long positions will become relevant during the correction, above the level of 1.2975 with the targets at 1.3474–1.3615. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2975 will let the pair go down to the levels of 1.2782–1.2654.

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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.

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USD/JPY: wave analysis 05.10.2018

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

The trend is upward.
On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the third wave of the lower level iii of 3 is forming, within which of the wave (iii) of iii is developing. If the assumption is correct, the pair will grow to the levels of 115.00–115.50. In this scenario, critical stop loss level is 113.51.

Main scenario

Long positions will become relevant during the correction, above the level of 113.51 with the targets at 115.00–115.50. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 113.51 will let the pair go down to the levels of 112.54–111.75.

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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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NZD/USD: New Zealand dollar is correcting 10.10.2018

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

Current trend

NZD showed a slight increase against USD on Tuesday, continuing the development of corrective dynamics, formed at the beginning of the week. The growth of the instrument is facilitated by technical factors, as USD is once again receiving support from the growth of 10-year Treasury yields to perennial highs.

Today, the instrument is moderately supported by macroeconomic statistics from New Zealand. Electronic Card Retail Sales grew by 1.1% MoM in September, which coincides with the July data and was better than expected (+0.6% MoM). YoY, the indicator grew by 5.7% as opposed to the growth by 6.3% last month.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is slightly narrowing from above, reflecting the correctional growth in the short term. MACD indicator is growing having formed a new buy signal (located above the signal line). Stochastic is retreating from its minimum levels and indicates corrective growth development in the short and/or ultra-short term.

Development of the "bullish" trend is possible in the near future.

Resistance levels: 0.6500, 0.6529, 0.6543, 0.6564.

Support levels: 0.6481, 0.6460, 0.6423, 0.6400.

Trading tips

To open long positions, one can rely on the breakout of 0.6500. Take profit — 0.6543 or 0.6564. Stop loss — 0.6480 or 0.6460.

The rebound from 0.6500 as from resistance with the subsequent breakdown of 0.6481 can become a signal to return to sales with target at 0.6423 or 0.6400. Stop loss — 0.6515.

Implementation period: 2-3 days.

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

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AUD/USD: Australian dollar is strengthening 17.10.2018

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

Current trend

AUD continues growing moderately against USD, updating local highs of October 3. The reason for the development of "bullish" dynamics of the instrument is in technical factors, as well as in the overall decline in risk-taking interest of traders amid worsening US relations with China and Saudi Arabia.

On Tuesday, the RBA meeting minutes were published but they did not disclose anything new to investors. RBA officials noted the acceleration of GDP due to an increase in investment in subsoil use and consumption growth, employment growth, and a decrease in unemployment. The current policy of the regulator will continue to support the Australian economy; there are no convincing arguments for raising interest rates.

Today, the pair is trading in both directions, waiting for new drivers. The published MI Leading Index was worse than analysts' expectations and fell by 0.1% MoM against 0.0% MoM in the previous month.

Support and resistance

Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range is narrowing, reflecting the flat dynamics of trading in the medium term. MACD indicator is growing keeping a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its maximum levels, which reflects the overbought AUD in the ultra-short term.

Existing long positions should be kept until the situation clears up.

Resistance levels: 0.7150, 0.7175, 0.7200, 0.7234.

Support levels: 0.7130, 0.7100, 0.7068, 0.7039.

Trading tips

To open long positions, one can rely on the breakout of 0.7150. Take profit — 0.7200 or 0.7234. Stop loss — 0.7120 or 0.7110. Implementation period: 1-3 days.

The rebound from 0.7150 as from resistance with the subsequent breakdown of 0.7130 can become a signal to begin correctional sales with target at 0.7068 or 0.7039. Stop loss — 0.7160. Implementation period: 2-3 days.

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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.

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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GBP/USD: wave analysis 22.10.2018

Good afternoon, dear forum visitors!

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

The pair can decrease.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) has formed, and the local correction is developing as a wave ii of 1, within which the wave (a) of ii is forming. If the assumption is correct, the pair will fall to the level of 1.2907. In this scenario, critical stop loss level is 1.3236.

Main scenario

Short positions will become relevant during the correction, below the level of 1.3236 with the target at 1.2907. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.3236 will let the pair grow to the level of 1.3510.

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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.

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Win $1000 and iPhone Xs from NPBFX: hurry up to take part in the Battle of Traders!

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NPBFX is starting a registration for a new contest the Battle of Traders! The contest is held on demo accounts opened in NPBFX. You can show your professional skills in trading, try your luck and make money on the financial market with no risk. If you are confident in your trading strategy, have the spirit of rivalry, and the will to win, so take part in the incredible “Battle of Traders” on fair terms!

The prize fund of the contest is $2500 credited to real account. The winners will be 10 traders managed to maximize their initial deposit during the competition. In addition to cash prizes, there is a special prize - the newest iPhone Xs 64Gb. iPhone Xs will be received by the participant who takes the first place and increases the initial deposit at 50 times.

Prizes to win:

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Participants can use any trading instruments and strategies (including algorithmic trading) available for trading on demo accounts.

The two obligatory conditions to receive prizes are making profit of at least 30% of the initial deposit and making at least 10 transactions.

Terms of contest: from 1.11.18 to 30.11.18.

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To participate in the contest, you need to open a free demo account in NPBFX. You have 0% risks, because 5000 USD will be automatically credited to your contest account.

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You can register and learn more details about the Battle of Traders contest on the NPBFX website.

GBP/USD: the pound remains under pressure 31.10.2018

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

Current trend

Yesterday, GBP fell against USD and updated lows since August 17.

Presented by Chancellor Philip Hammond on Monday, the 2019 UK draft budget did not impress investors significantly. As expected, it contains some new taxes, including alcohol and tobacco ones. On the other hand, expenses for work benefits and investments in infrastructure and health care should be increased. Next year, the government plans the economy to grow by 1.6% (against the previous value of 1.3%), while the budget deficit is expected to reach 25.5B GBP. In case of the Brexit negative outcome, some budget parameters may be revised in March 2019.

Also, investors are waiting for Thursday’s BoE interest rate decision. Experts agree that the key parameters of the British monetary policy would not be changed. Most likely, the regulator will wait for the development of the Brexit situation.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding almost as fast as the active “bearish” trend develops in the short term. MACD indicator is falling, keeping a strong sell signal (the histogram is below the signal line). Stochastic is directed downwards but is close to its lows, reflecting that GBP may become oversold.

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

Resistance levels: 1.2732, 1.2796, 1.2866, 1.2920, 1.2953.

The levels of support: 1.2693, 1.2659, 1.2634, 1.2600.

Trading tips

Long positions can be opened after a rebound from 1.2693 and the breakout of 1.2732 with the targets at 1.2866 or 1.2920–1.2953. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of the level of 1.2693 with the target of 1.2634 or 1.2600. Stop loss is 1.2732–1.2750. Implementation period: 1–2 days.

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NZD/USD: the instrument is strengthening 07.11.2018

Good afternoon, dear forum visitors!

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

Current trend

NZD is rising steadily against USD, updating local highs of 2 August.

Investors are focused on midterm elections in the US: the American voter must decide who will take 435 seats in the House of Representatives and 33 seats in the Senate; besides, governors will be elected in some states. For the current administration, the most important election is the one for the House of Representatives. If the Democrats win, President Donald Trump’s position, especially in domestic politics, may noticeably weaken.

Today, NZD is supported by strong data on the labor market in New Zealand. Employment Rate rose by 1.1% QoQ in Q3 2018, with the forecast of 0.5% QoQ. Unemployment Rate decreased sharply from 4.5% to the record low of 3.9%.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range is expanding, but the instrument is currently trading outside its boundaries, indicating that the instrument is overbought. MACD indicator is growing keeping a stable buy signal (located above the signal line). Stochastic retains an upward direction, but is located in close proximity to its maximum levels, which signals in favor of the appearance of a downward correction.

It is necessary to wait for the trade signals from technical indicators to become clear.

Resistance levels: 0.6788, 0.6820, 0.6849.

Support levels: 0.6760, 0.6725, 0.6688, 0.6662.

Trading tips

To open long positions, one can rely on the breakout of 0.6788. Take profit — 0.6849. Stop loss — 0.6750. Implementation period: 1-2 days.

The rebound from the level of 0.6788 as from resistance with the subsequent breakdown of 0.6760 or 0.6750 can become a signal to begin correctional sales with target at 0.6662 or 0.6628, 0.6609. Stop loss should be placed no further than 0.6800. Implementation period: 2-3 days.

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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.

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.

WTI Crude Oil: oil prices are falling 14.11.2018

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

Current trend

Yesterday, oil prices renewed the year’s lows. The commodity markets have been declining for the 6th week in a row due to the sharp increase in oil production, despite the current OPEC agreement. The published report of the cartel reflected an increase in forecasts for 2018 and 2019, as well as a sharp increase in the current level of production in October against September.

US "black gold" production increases significantly, too. Earlier this month, the Department of Energy announced that the country reached peak volumes of 11.346 million barrels per day. In this case, according to President Donald Trump, prices on the market should be much lower. Based on these considerations, Trump criticized Saudi Arabia’s intention to cut production and try to stabilize the market situation in the coming month.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is widening but not as fast as the “bearish” moods are developing. MACD is falling, keeping a strong sell signal (the histogram is below the signal line). Stochastic has been close to its lows for several weeks, reflecting that the instrument is strongly oversold in the short and super short term.

A correction impulse formation is possible at the end of the current trading week.

Resistance levels: 57.00, 58.64, 60.00, 61.00.

Support levels: 54.72, 53.47, 52.41.

Trading tips

Long positions can be opened after a rebound from the level of 54.72 and a breakout of the level of 57.00 with the target at 60.00 or 61.00. Stop loss is 55.50. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of the level of 54.72 with the targets at 52.41–52.00. Stop loss is 56.00. Implementation period: 1–2 days.

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

NZD/USD: instrument consolidates 19.11.2018

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, NZD is in a “bearish” trend, being corrected after strong growth and the renewal of the highs since June 26 last week.

On Friday, USD was under pressure by statements by United States Secretary of Commerce Wilbur Ross. He noted that the US administration intends to increase tariffs on Chinese exports further, and at the meeting of President Trump and Chairman Xi Jinping at the G20 summit in Argentina, only a framework agreement can be concluded, which will serve a basis for further negotiations. Currently, the US administration suggested a list of 142 requirements from China, China submitted a list of possible concessions but, according to Bloomberg, it will not satisfy the US.

NZD is supported by strong data. October Manufacturing PMI rose from 51.7 to 53.5 points, which was better than the average experts' forecasts.

Support and resistance

On the daily chart, Bollinger bands are actively growing. The price range narrows, reflecting the development of correctional dynamics at the beginning of the week. MACD indicator is growing, keeping a strong buy signal (the histogram is above the signal line). Stochastic reached its highs and reversed horizontally, reflecting that NZD is strongly overbought in the super-short and short term.

The formation of a full downward trend is possible in the next few days.

Resistance levels: 0.6882, 0.6920, 0.6954.

Support levels: 0.6849, 0.6814, 0.6788, 0.6750.

Trading tips

Long positions can be opened after the breakout of the level of 0.6882 with the targets at 0.6954 or 0.6975. Stop loss is 0.6840.

Short positions can be opened after the breakdown of the level of 0.6814 with the target at 0.6704 or 0.6662. Stop loss is 0.6855.

Implementation period: 2–3 days.

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

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

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

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

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

WTI Crude Oil: oil prices continue declining 23.11.2018

Good afternoon, dear forum visitors!

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

Current trend

WTI crude oil prices declined again on Thursday, returning to the downtrend after a corrective growth of the instrument on Wednesday.

The overall pressure on the quotes is provided by the EIA report published on Wednesday, which recorded a new increase in US oil reserves by 4.851M barrels. Thus, American oil reserves reached 446.91M barrels, the highest level since last December. Oil production remained at the same level of 11.7M barrels per day, while the strategic reserve continues to be sold: over the week, it fell by 0.8M, to 652.6M barrels.

Baker Hughes US Oil Rig Count reflected a decline in the number of platforms from 888 to 885 units, which, however, did not have a noticeable effect on the instrument dynamics.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is almost unchanged, but remains sufficiently spacious for the further development of the downtrend in the short term. MACD indicator is trying to reverse upwards again and to form a buy signal (the histogram should be located above the signal line). Stochastic approached its minimum levels, having reversed into a horizontal plane. The indicator still reflects a strong oversold of the instrument in the short and/or ultra-short term.

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

Resistance levels: 54.72, 55.64, 57.00, 58.64.

Support levels: 52.41, 51.32, 50.30, 50.00.

Trading tips

To open long positions, one can rely on the rebound from the support level of 52.41 with the subsequent breakout of 54.30 or 54.72. Take profit — 58.64 or 60.00. Stop loss — 53.20. Implementation period: 2-3 days.

A breakdown of 52.41 may be a signal to further sales with target at 50.30 or 50.00. Stop loss — 53.40. Implementation period: 1-2 days.

Use more opportunities of the NPBFX analytical portal: аnalytics. You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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

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