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AUD/USD: the Australian dollar retreats from record lows 14.10.2022

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 shows moderate growth, retreating from the record lows of April 2020, updated the day before, when AUD/USD fell to 0.6170. The instrument reacted to the publication of US data on inflation, which increased the likelihood of the US Federal Reserve continuing its policy of tightening monetary stimulus.

The Harmonized Consumer Price Index (excluding food and energy) in the US accelerated in September from 6.3% to 6.6%, ahead of forecasts at 6.5%. In turn, expectations for inflation in Australia in October, published by the Melbourne Institute, did not change compared to the previous month and amounted to 5.4%, while analysts expected growth to 5.8%.

The focus of investors today is statistics on inflation in China. The Consumer Price Index in annual terms in September rose by 2.8% after rising by 2.5% in the previous month, and in monthly terms added 0.3% after falling by 0.1%, while analysts expected growth by 0.4%. At the same time, the Producer Price Index for the same period slowed down from 2.3% to 0.9%, while the forecast was for an increase of 1.0%. China's monetary authorities are in no hurry to follow the general trend of raising interest rates, and such inflation statistics are likely to only strengthen the regulator's position in the near future.

The President of the World Bank, David Malpass, predicted a possible recession in the global economy as early as 2023 against the backdrop of a slowdown in developed countries and an increase in household debt burden due to the depreciation of national currencies. In addition, the agency predicts that about 7.0% or 570.0 million people will fall into extreme poverty (day spending does not exceed 2.15 dollars a day), noting that the coronavirus pandemic was a turning point that stopped a long period of reduction poverty, and the rapid pace of inflation and the escalation of the military conflict on the territory of Ukraine, which has become a catalyst for rising food prices, only aggravate the situation.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is slightly narrowing, reflecting the ambiguous dynamics of trading in the short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic shows more active growth and is currently located approximately in the center of its area, signaling in favor of the development of corrective growth in the nearest time intervals.

Resistance levels: 0.6362, 0.6450, 0.6522, 0.6572.
Support levels: 0.6250, 0.6200, 0.6140, 0.6100.

https://i.ibb.co/R00N7Yj/audusd-14102022-55.png

https://i.ibb.co/z73zCn0/audusd-14102022-66.png

Trading tips

Long positions can be opened after a breakout of 0.6362 with the target of 0.6522. Stop-loss — 0.6280. Implementation time: 2-3 days.

A rebound from 0.6362 as from resistance, followed by a breakdown of 0.6250 may become a signal for opening of new short positions with the target at 0.6140. Stop-loss — 0.6310.

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

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

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The Walt Disney Co.: technical analysis 17.10.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

Shares of The Walt Disney Co., the American leader in the entertainment industry, are moving in a downward corrective trend around 94.00.

On the daily chart, the price is within the global downwards channel with dynamic boundaries of 112.00–78.00, having renewed the annual low of 90.50 yesterday.

On the four-hour chart, it can be seen that this mark remains the last barrier for buyers, and a little confidence in its strength is given by the “bullish” divergence signal that is currently being formed on the AO indicator, however, the trend in the dynamics of trading volumes suggests that the price may fall to the level 80.00.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO oscillator histogram forms bars with a downward trend in the sell zone.

https://i.ibb.co/zhjr7wm/dis-17102022-33.png

Trading tips

Short positions may be opened after the price drops and consolidates below 90.50 with the target at 80.00. Stop loss – 95.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 101.00 with the target at 112.00. Stop loss – 95.00.

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 The Walt Disney Co. and trade efficiently with  NPBFX.

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EUR/USD: consolidation at local highs 19.10.2022

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 mixed dynamics, consolidating near 0.9840 and local highs from October 6. Traders are once again in no hurry to open new positions against the backdrop of some stabilization of the market situation. In particular, analysts pay attention to the easing of energy risks for Europe as prices for "blue fuel" and oil decrease, while the volume of supplies of liquefied natural gas increases. In addition, pressure from the dollar is gradually easing, as the US Federal Reserve increasingly mentions the possibility of slowing down the pace of interest rate hikes in the near future.

Macroeconomic statistics from Europe published yesterday did not have a noticeable impact on the instrument's dynamics. The index for Current Situation in Germany in October from the Center for European Economic Research (ZEW) showed a sharp decline from -60.5 points to -72.2 points, which turned out to be worse than market expectations of a fall to -68.0 points. At the same time, the index of Economic Sentiment in Germany from ZEW for the same period adjusted slightly from -61.9 points to -59.2 points, while forecasts suggested a further decline to -65.7 points. In the eurozone, the ZEW survey reflected a correction in the index of Economic Sentiment in October from -60.7 points to -59.7 points, while the forecast was -60.6 points.

The President of the European Central Bank (ECB), Christine Lagarde, speaking at a meeting of the International Monetary Fund (IMF) predicted a "significant slowdown" in the region's economy in the second half of this year, the catalyst for which will be rapid inflation and reduced international demand. In addition, the official confirmed the continued tightening of monetary stimulus over the next few meetings of the regulator to slow down inflation, which now stands at 10.0%. The "hawks" hope to begin a gradual reduction in the amount of assets on the ECB's balance sheet in early 2023 (now valued at 5.1 trillion euros) by not reinvesting the proceeds from redeemable papers, rather than by selling bonds.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is slightly changing, being spacious enough for the current activity level in the market. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic retains a steady uptrend, but is located in close proximity to its highs, which points to the risk of overbought euro in the ultra-short term.

Resistance levels: 0.9900, 0.9950, 1.0000, 1.0050.
Support levels: 0.9850, 0.9800, 0.9750, 0.9666.

https://i.ibb.co/QDFjw2S/eurusd-19102022-55.png

https://i.ibb.co/8898cs7/eurusd-19102022-66.png

Trading tips

Short positions may be opened after a breakdown of 0.9800 with the target at 0.9700. Stop-loss — 0.9850. Implementation time: 2-3 days.

A rebound from 0.9800 as from support followed by a breakout of 0.9850 may become a signal for opening new long positions with the target at 0.9950. Stop-loss — 0.9800.

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.

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GBP/USD: the political crisis in the UK puts pressure on the pound quotes 21.10.2022

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

GBP/USD is trading with a multidirectional dynamics, testing the level of 1.1200 for a breakdown. The British currency is still under pressure from the rising US dollar, which is supported by expectations of a tightening of the US Federal Reserve's monetary policy. The Bank of England is also set to further increase the interest rate, given the fact that inflation in the UK in September exceeded the psychological barrier of 10.0%; in addition, the regulator is considering launching a quantitative tightening program.

At the same time, the Bank of England is forced to respond not only to economic challenges, but also to the political crisis. The day before, British Prime Minister Liz Truss announced her resignation after only 45 days in office, but the official will continue to fulfill her duties until the elections, which are to be held next week. Analysts call the former Chancellor of the Exchequer Rishi Sunak the most likely candidate for the post of chairman of the Conservative Party and the head of government. In addition, Boris Johnson announced the decision to return to his political career. Truss resigned after being criticized for an initiative to reduce the fiscal burden and subsidize utility bills.

Today, investors are watching the publication of a block of macroeconomic statistics from the UK on the dynamics of Retail Sales: on a monthly basis, the indicator slowed down the negative dynamics from -1.6% to -1.4%, and on an annualized basis, on the contrary, strengthened it from -5.4% to -6.9%, while Retail Sales excluding Fuel on a monthly basis corrected from -1.6% to -1.5% with a forecast of -0.3%, and from -5.0% to -6.2% on an annual basis, although analysts expected -4.1%. Weak statistics may push the pound quotes to a new decline.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short/ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1.1300, 1.1494, 1.1600, 1.1700.
Support levels: 1.1150, 1.1060, 1.0922, 1.0600.

https://i.ibb.co/FmTD4Lq/gbpusd-21102022-55.png

https://i.ibb.co/yPW0HCV/gbpusd-21102022-66.png

Trading tips

Short positions may be opened after a breakdown of 1.1150 with the target at 1.0900. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1150 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1600. Stop-loss — 1.1150.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

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USD/JPY: US currency returns to growth 24.10.2022

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 American dollar resumed a fairly active growth against the Japanese yen, recovering from an equally sharp decline last Friday. The USD/JPY pair is again testing 149.00 for a breakout, receiving support from the upcoming US Federal Reserve meeting, which will be held on November 1-2. Forecasts suggest that the regulator will again decide to raise the interest rate by 75 basis points, after which the Fed's rhetoric should soften somewhat. Many board members are already in favor of a more cautious and balanced approach to increasing the cost of borrowing, reasonably fearing the risks of a recession in the US and global economies.

The traders are also awaiting the results of the Bank of Japan meeting, which will be held on October 28. The regulator does not have an issue of raising interest rates; however, the Bank somehow has to respond to a sharp unilateral weakening of the yen, which last week fixed below the psychological level of 150.00. It is likely that the Bank of Japan will again signal the possibility of foreign exchange interventions.

In the meantime, macroeconomic data provide little support to the yen. Jibun Bank's Manufacturing PMI fell from 50.8 points to 50.7 points in October, better than market expectations of a fall to 50.4 points, while the Services PMI showed a modest rise from 52.2 points to 53.0 points, ahead of market forecasts at 52.1 points.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting ambiguous nature of trading in the 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 American currency in the ultra-short term.

Resistance levels: 149.00, 150.00, 151.00, 152.00.
Support levels: 148.00, 147.00, 146.00, 145.00.

https://i.ibb.co/56NH1wC/usdjpy-24102022-55.png

https://i.ibb.co/CQkcN0V/usdjpy-24102022-66.png

Trading tips

Long positions can be opened after a breakout of 149.00 with the target of 151.00. Stop-loss — 148.00. Implementation time: 1-2 days.

A rebound from 149.00 as from resistance, followed by a breakdown of 148.00 may become a signal for opening of new short positions with the target at 146.00. Stop-loss — 149.00.

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

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

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Pfizer Inc.: technical analysis 26.10.2022

Good afternoon, dear forum visitors!

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

Shares of Pfizer Inc., a US pharmaceutical company, are correcting slightly above 45.00.

On the daily chart, the price is approaching the previously implemented global Triangle pattern with dynamic boundaries 48.00–50.00, rising towards the support line.

On the four-hour chart, it can be seen that the upward dynamics consolidate within the local Head and shoulders pattern, the Neckline of which is around 44.00, and the target for processing this signal is 48.00, which coincides with the support line of the global Triangle pattern.

Technical indicators are ready to reverse and issue a buy signal: fast EMAs on the Alligator indicator have come close to the signal line, and the AO oscillator histogram is forming upward bars in the sell zone.

https://thumbsnap.com/i/5vuvddwo.png

Trading tips

Long positions may be opened after the price rises and consolidates above 46.50 with the target at 48.30. Stop loss — 45.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 44.00 with the target at 41.60. Stop loss — 45.00.

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 Pfizer Inc. and trade efficiently with  NPBFX.

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Netflix Inc.: technical analysis 28.10.2022

Good afternoon, dear forum visitors!

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

Shares of Netflix Inc., an American entertainment company, are on a corrective trend at 296.00.

On the daily chart, the price continues its confident upward trend, overcame the initial Fibonacci 23.6% correction level, located at 287.00, and is trying to consolidate above it.

On the 4-hour chart, we can see that the upside potential has increased significantly after this key mark has been overcome, and the next target could be the 38.2% Fibonacci base retracement level at 363.00. Opening short positions is possible now only in case of reverse consolidation below the initial correction level of 287.00.

Technical indicators maintain a stable upward signal: the range of fluctuations of the EMA on the Alligator indicator is expanding in the direction of growth, and the histogram of the AO oscillator is forming rising bars, rising in the buying zone.

https://i.ibb.co/8294yDG/nflx-28102022-33.png

Trading tips

Long positions may be opened after the price rises and consolidates above 315.00 with the target at 363.00. Stop loss – 300.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction and consolidation of the price below 286.00 with the target at 212.00. Stop loss – 300.00.

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 Netflix Inc. and trade efficiently with  NPBFX.

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NZD/USD: weak growth at the beginning of the new trading week 31.10.2022

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

GBP/USD is trading with a multidirectional dynamics, testing the level of 1.1200 for a breakdown. The British currency is still under pressure from the rising US dollar, which is supported by expectations of a tightening of the US Federal Reserve's monetary policy. The Bank of England is also set to further increase the interest rate, given the fact that inflation in the UK in September exceeded the psychological barrier of 10.0%; in addition, the regulator is considering launching a quantitative tightening program.

At the same time, the Bank of England is forced to respond not only to economic challenges, but also to the political crisis. The day before, British Prime Minister Liz Truss announced her resignation after only 45 days in office, but the official will continue to fulfill her duties until the elections, which are to be held next week. Analysts call the former Chancellor of the Exchequer Rishi Sunak the most likely candidate for the post of chairman of the Conservative Party and the head of government. In addition, Boris Johnson announced the decision to return to his political career. Truss resigned after being criticized for an initiative to reduce the fiscal burden and subsidize utility bills.

Today, investors are watching the publication of a block of macroeconomic statistics from the UK on the dynamics of Retail Sales: on a monthly basis, the indicator slowed down the negative dynamics from -1.6% to -1.4%, and on an annualized basis, on the contrary, strengthened it from -5.4% to -6.9%, while Retail Sales excluding Fuel on a monthly basis corrected from -1.6% to -1.5% with a forecast of -0.3%, and from -5.0% to -6.2% on an annual basis, although analysts expected -4.1%. Weak statistics may push the pound quotes to a new decline.

Support and resistance

On the D1 chart, the Bollinger Bands are gradually reversing into a descending plane. The price range is narrowing from above, reflecting the emergence of ambiguous dynamics in the short/ultra-short term. MACD reversed downwards having formed a new sell signal (located below the signal line). Stochastic shows a more confident decline, but at the moment it is rapidly approaching its lows, indicating risks of the instrument being oversold in the ultra-short term.

Resistance levels: 1.1300, 1.1494, 1.1600, 1.1700.
Support levels: 1.1150, 1.1060, 1.0922, 1.0600.

https://i.ibb.co/FmPwqFh/nzdusd-31102022-55.png

https://i.ibb.co/GtH4byK/nzdusd-31102022-66.png

Trading tips

Short positions may be opened after a breakdown of 1.1150 with the target at 1.0900. Stop-loss — 1.1300. Implementation time: 1-2 days.

A rebound from 1.1150 as from support followed by a breakout of 1.1300 may become a signal for opening new long positions with the target at 1.1600. Stop-loss — 1.1150.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

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EUR/USD: eurozone economy slowed down in the third quarter 02.11.2022

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 flat trading dynamics, consolidating near 0.9885.

Investors are in no hurry to open new trading positions, preferring to wait for the results of the two-day meeting of the US Federal Reserve, which are expected to give signals about the slowdown in further tightening of monetary policy. At the same time, the market expects that today the regulator will announce another interest rate hike by 75 basis points to 4.0%. In addition, the release of data from Automatic Data Processing (ADP) on Nonfarm Payrolls for October is expected, which precedes the publication of the final report on the US labor market at the end of this week.

Data on Trade Balance and Unemployment Rate will be published today in Germany. Current forecasts suggest that against the background of a sharp slowdown in exports from 1.6% to 0.1%, the trade surplus in September will decrease from 1.2 billion euros to 0.7 billion euros. The Unemployment Rate, according to expectations, will not change in October; however, the Unemployment Change is likely to increase from 14.0 thousand to 15.0 thousand. In addition, according to Eurostat, the economy of the European Union showed growth in the third quarter, and against the backdrop of estimates of Gross Domestic Product (GDP), a recession will not occur this year. In the second quarter, the indicator rose by 0.8% in the euro area and by 0.7% in the EU as a whole, but on an annualized basis in the third quarter it slowed down to 2.1%. The most difficult situation is noted in the economies of Latvia, Austria and Belgium, where GDP in the third quarter fell by 1.7%, 1.0% and 1.9% respectively. The day before, the President of the European Central Bank (ECB), Christine Lagarde, in an interview with the Delfi news agency, said that the regulator should continue to raise interest rates to fight inflation, even if the likelihood of a recession in the eurozone increases.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is narrowing from below, 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 retains a steady downtrend but is located in close proximity to its lows, which indicates the risks of oversold euro in the ultra-short term.

Resistance levels: 0.9900, 0.9950, 1.0000, 1.0050.
Support levels: 0.9850, 0.9800, 0.9750, 0.9666.

https://i.ibb.co/8cr64K2/eurusd-02112022-55.png

https://i.ibb.co/vv9kVW4/eurusd-02112022-66.png

Trading tips

Short positions may be opened after a breakdown of 0.9850 with the target at 0.9750. Stop-loss — 0.9900. Implementation time: 2-3 days.

The breakout of 0.9900 may be a signal to open new long positions with the target of 1.0000. Stop-loss — 0.9850.

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

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

Re: NPBFX - making money with us since 1996!

Alibaba Group Holdings Ltd.: technical analysis 04.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Alibaba Group Holdings Ltd. for a better understanding of the current market situation and more efficient trading.

Shares of Alibaba Group Holdings Ltd., one of the world's largest e-commerce companies, correct at 65.00.

On the daily chart, the price is falling within a narrow downwards channel with dynamic boundaries of 50.00–80.00 and today it may try to renew the annual minimum at 62.00.

On the 4-hour chart, it can be seen that the downtrend has a high potential to continue, and the price may receive additional bearish momentum if it consolidates below 62.00, and then the next support will be 53.00. In case of a reverse movement, growth will be limited by the resistance line of the downwards channel around 81.00.

Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO oscillator histogram forms bars deep in the sell zone.

https://i.ibb.co/sbxwJQL/baba-04112022-33.png

Trading tips

Short positions may be opened after the price drops and consolidates below 62.00 with the target at 53.00. Stop loss — 66.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth and consolidation of the price above 69.00 with the target at 81.00. Stop loss — 65.00.

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 Alibaba Group Holdings Ltd. and trade efficiently with  NPBFX.

Re: NPBFX - making money with us since 1996!

EUR/USD: the euro is trying to keep growing 07.11.2022

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 weak growth, developing a strong "bullish" signal formed at the end of last week. The EUR/USD pair is testing 0.9940 for a breakout, trying to update Friday's local highs.

The instrument is significantly supported by the report on the US labor market for October, which reflected the growth in the number of Nonfarm Payrolls by 261.0 thousand against the expected increase by 200.0 thousand, while the September figure was adjusted from 263.0 thousand to 315.0 thousand. At the same time, the report indicated an increase in the Unemployment Rate in October from 3.5% to 3.7%, while the forecast was 3.6%. Thus, given the relatively optimistic situation on the labor market, investors strengthened their confidence that in the near future the US Federal Reserve may slow down the pace of interest rate increases. At the same time, there is no need to talk about any pause in the cycle of adjustments to the value yet, which was clearly reported by the Chair of the regulator, Jerome Powell, the day before.

In turn, moderate support for the euro last Friday was provided by macroeconomic statistics from Europe on business activity in the services sector from S&P Global. In October, the Services PMI in the euro area increased from 48.2 points to 48.6 points with neutral forecasts, and the Composite PMI in the Manufacturing sector over the same period corrected from 47.1 points to 47.3 points.

Last week it became known that after Russia sent additional volumes of gas to a pipeline branch in Turkey, the official representative of the President of the country, Ibrahim Kalyn, said that European countries can receive "blue fuel" through the Turkish hub, and the country is ready to make such a proposal already in the near future, which can help the European industry, which is experiencing a significant shortage of energy. In September, the EU Producer Price Index rose by only 1.6%, which led to a slowdown in the annual rate to 41.9% from 43.3%, and in October an even greater decline is expected, which indicates increased pressure on the industrial sector.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from below, reflecting the mixed dynamics of trading in the short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is already approaching its highs, indicating the risks of overbought euro in the ultra-short term.

Resistance levels: 0.9950, 1.0000, 1.0050, 1.0100.
Support levels: 0.9900, 0.9850, 0.9800, 0.9750.

https://i.ibb.co/mhZnZZy/eurusd-07112022-55.png

https://i.ibb.co/XygMq8r/eurusd-07112022-66.png

Trading tips

Long positions can be opened after a breakout of 0.9950 with the target of 1.0050. Stop-loss — 0.9900. Implementation time: 2-3 days.

A rebound from 0.9950 as from resistance, followed by a breakdown of 0.9900 may become a signal for opening of new short positions with the target at 0.9800. Stop-loss — 0.9950.

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.

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USD/JPY: Bank of Japan intends to stick to the current course of monetary policy 09.11.2022

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

During the Asian session, the USD/JPY pair's dynamics are ambiguous, and it consolidates near 145.50 and local lows from October 27.

The US currency has been under pressure since the end of last week when a controversial report on the labor market was published, and investors again actively started talking about a possible easing of the US Federal Reserve's rhetoric. At the moment, the "bearish" activity in the dollar is decreasing ahead of the results of the midterm elections in the country, as well as against the backdrop of expectations for the publication of statistics on consumer inflation on Thursday: the currency may react positively to the victory of the Republicans, as they promise to pay more attention to domestic economic problems of the United States.

The macroeconomic statistics from Japan released on Wednesday do not significantly impact the dynamics of the trading instrument: the volume of bank lending in October rose by 2.7% after an increase of 2.3% last month against expectations of 2.5%. Eco Watchers current situation index increased from 48.4 points to 49.9 points, while analysts expected a decrease to 47.1 points, but the same agency's forecast for the same period fell from 49.2 points to 46 .4 points, contrary to the opinion of experts about the growth to 49.4 points.

In a summary of opinions published yesterday, the Bank of Japan stressed its commitment to the current monetary policy, which includes steps to slow inflation to the target value of 2.0%. Still, it noted the need to consider the impact of consumer price growth, which reached 3.0% in September for the first time in three decades, on the purchasing power of households, as companies prefer to pass their costs on to consumers. At the end of last month, the Japanese government presented a 199.0B dollars plan to help the population, including subsidizing utility bills and supplies of "black gold" to curb oil prices.

Support and resistance

On the daily chart, Bollinger bands are moderately declining. The price range is expanding from below but not as fast as the "bearish" activity develops. MACD is falling, keeping a strong sell signal (the histogram is below the signal line). Stochastic shows similar dynamics but is close to its lows, indicating that the dollar may become oversold in the nearest time intervals.

Resistance levels: 146.00, 147.00, 148.27, 149.00.
Support levels: 145.00, 144.00, 143.51, 142.54.

https://i.ibb.co/XVrSGL3/usdjpy-09112022-55.png

https://i.ibb.co/k4zYb5M/usdjpy-09112022-66.png

Trading tips

Short positions may be opened after the breakdown of 145.00 with the target at 143.51. Stop loss – 145.80. Implementation period: 1–2 days.

Long positions may be opened after a rebound from 145.00 and the breakout of 146.00 with the target at 148.00. Stop loss – 145.00.

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

You can learn more about the current situation on Apple Inc. 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 GBP/USD, EUR/USD, USD/CHF, 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.

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Meta Platforms Inc.: technical analysis 11.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Meta Platforms Inc. for a better understanding of the current market situation and more efficient trading.

The stocks of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social networking site Facebook, continue to trade in a downtrend and are at 111.00.

On the daily chart, a global downtrend is forming, within which the price moves in a downward corridor with the boundaries of 85.00–130.00, reversing upwards after reaching the support line.

On the four-hour chart, it is clear that the prospects for growth will remain, but the instrument needs to work out the recent price gap that started from 122.00. In case of a reversal of quotes and a downward movement, the nearest support is the end of the gap, around 103.00.

Technical indicators confirm the likelihood of an upward correction: fast EMAs on the Alligator indicator are below the signal line, actively approaching it, and the AO oscillator histogram is forming upward bars in the sell zone.

https://i.ibb.co/YpDGwYw/meta-11112022-33.png

Trading tips

Long positions may be opened after the price rises and consolidates above 122.00 with the target at 154.00. Stop loss — 115.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 103.00 with the target at 88.00. Stop loss – 108.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

Use the current recommendations of analysts on Meta Platforms Inc. and trade efficiently with NPBFX.

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AUD/USD: the instrument is showing correctional dynamics 14.11.2022

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 is showing mixed trading dynamics, reversing downwards after a solid "bullish" rally last week. Against the backdrop of the publication of data on inflation in the US on Thursday, November 10, the Australian dollar showed steady growth, updating local highs from September 20. In October, the Consumer Price Index slowed down more than expected from 8.2% to 7.7%, which strengthened investors' confidence in the reduction in the pace of interest rate increases by the US Federal Reserve. At the moment, the vast majority of analysts expect only a 50 basis point correction in December, while before the release of the data this probability was estimated at only 50%.

Investor activity is likely to remain subdued today, as practically none noteworthy macroeconomic publications are planned. Tomorrow, the minutes of the meeting of the Reserve Bank of Australia are expected to be released, as well as a block of statistics from China, where, among other things, October data on the dynamics of Industrial Production and Retail Sales will be published. Current forecasts suggest that production will slow down from 6.3% to 5.2% and sales will decline from 2.5% to 1.0%.

Support and resistance

Bollinger Bands in D1 chart show active 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 resumed active growth at the end of last week, but at the moment it is again near its highs, indicating the risks of the Australian dollar being overbought in the ultra-short term.

Resistance levels: 0.6715, 0.6750, 0.6800, 0.6853.
Support levels: 0.6650, 0.6572, 0.6520, 0.6450.

https://i.ibb.co/M7qVRwM/AUDUSD141122-33.png

https://i.ibb.co/yfq5VYh/AUDUSD141122-333.png

Trading tips

Long positions can be opened after a breakout of 0.6715 with the target of 0.6853. Stop-loss — 0.6650. Implementation time: 2-3 days.

A rebound from 0.6715 as from resistance, followed by a breakdown of 0.6650 may become a signal for opening of new short positions with the target at 0.6520. Stop-loss — 0.6715.

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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Exxon Mobil Corp.: technical analysis 16.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Exxon Mobil Corp. for a better understanding of the current market situation and more efficient trading.

The shares of ExxonMobil Corp., a US oil company, are rising within an uptrend, trading near 114.00.

A global uptrend is forming on the daily chart, which is a consequence of implementing the global Triangle pattern with an upper border around 96.00.

On the four-hour chart, it is clear that the current growth has high prospects for continuation since the main target for the pattern around 120.00 has not yet been worked out. Given the structure of the current wave, it is obvious that after a local correction to 108.00, the quotes reversed and formed a new upward impulse.

Technical indicators strengthen the buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, and the AO oscillator histogram forms bars in the buy zone.

https://i.ibb.co/cynFFy7/XOM161122-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 115.00 with the target at 120.00. Stop loss – 112.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 108.80 with the target at 102.00. Stop loss – 101.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

Use the current recommendations of analysts on Exxon Mobil Corp. and trade efficiently with NPBFX.

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Alibaba Group Holdings Ltd.: technical analysis 18.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Alibaba Group Holdings Ltd. for a better understanding of the current market situation and more efficient trading.

Shares of Alibaba Group Holdings Ltd., one of the world's largest e-commerce companies, correct at 84.00.

On the daily chart, the price has left the narrow downwards channel with dynamic boundaries of 40.00–75.00 and consolidated above the initial correction of 23.6% Fibonacci around 77.00.

The four-hour chart shows that the uptrend has a high potential to continue, and the rate of price growth may increase if it consolidates above the 38.2% Fibonacci base retracement at 86.00, after which the next resistance will be the full retracement level at 61.8% Fibonacci at 101.50. The reverse decline will be capped by the low of the year at 62.00.

Technical indicators keep a buy signal: fast EMAs on the Alligator indicator are actively moving away from the signal line, and the AO oscillator histogram forms upward bars, moving into the buy zone.

https://i.ibb.co/PMYQBTR/BABA-181122-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 86.00 with the target at 101.50. Stop loss — 80.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction and consolidation of the price below 77.00 with the target at 62.00. Stop loss — 83.00.

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 Alibaba Group Holdings Ltd. and trade efficiently with  NPBFX.

Re: NPBFX - making money with us since 1996!

Starbucks Corp.: technical analysis 21.11.2022

Good afternoon, dear forum visitors!

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

Shares of Starbucks Corp., one of the largest companies in the world, which owns the chain of coffee houses of the same name, are moving within a corrective trend around 98.00.

On the daily chart, the price is near the resistance line of the global correctional channel with dynamic boundaries 85.00–100.00, getting ready to break it.

On the four-hour chart, the range resistance line coincides with the Fibonacci 61.8% full retracement level at 99.50, consolidation above, which means the correction will enter the trend stage, indicating a new global target at 106.60. The quotes decline looks unlikely, but it will become possible if the trading instrument consolidates below an intermediate correction of 50.0% Fibonacci around 93.80.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator expand the range of fluctuations, moving away from the signal line, and the AO oscillator histogram forms upward bars in the buying zone.

https://i.ibb.co/THkdqqr/SBUX-211122-22.png

Trading tips

Long positions may be opened after the price rises and consolidates above 99.50 with the target at 106.60. Stop loss — 95.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 93.80 with the target at 88.40. Stop loss — 96.00.

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 Starbucks Corp. and trade efficiently with  NPBFX.

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EUR/USD: the euro is trying to reverse into corrective growth 23.11.2022

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 flat dynamics, testing the level of 1.0310 for a breakout. Traders are in no hurry to open new positions in anticipation of today's publication of the minutes of the US Federal Reserve meeting, which may clarify the prospects for the regulator's monetary policy.

At the moment, forecasts suggest that the interest rate will be raised by 50 basis points in December, but the Fed is unlikely to stop there. Representatives of the US Federal Reserve generally agree that it is premature to talk about the imminent end of the monetary policy tightening cycle. In particular, Loretta Meister and Mary Daly made "hawkish" comments the day before, also noting that the rate of the rate hike may be reduced in the future. An increase in interest rates by 50 basis points is expected in December from the European Central Bank (ECB), and unlike the US Federal Reserve, the European regulator has to act much more cautiously, due to the proximity of the region's economy to recession.

The focus of investors today will be statistics on business activity from S&P Global for November. Current forecasts suggest that the S&P Global Manufacturing PMI will decline from 47.3 points to 47.0 points, and the Services PMI may decline from 48.6 points to 48.0 points.

Also yesterday it became known that the authorities of the European Union proposed to slightly change the key provisions on limiting prices for the supply of Russian "black gold", as well as provide for a phased 45-day transition to the new rules. According to Bloomberg, it will affect oil loaded before the date of entry into force of sanctions on December 5 and unloaded before January 19. It is expected that the price ceiling will be set in the region of 40.0-60.0 dollars per barrel, but even now the initiative is causing controversy among representatives of the countries of the bloc: in particular, France is in favor of these measures, while Germany is against it. If EU leaders approve the new pricing scheme, it will come into effect from January 1, 2023.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic, which has rebounded from the level of "20", is trying to reverse upwards, signaling in favor of the development of corrective growth in the near future.

Resistance levels: 1.0350, 1.0400, 1.0450, 1.0500.
Support levels: 1.0300, 1.0253, 1.0200, 1.0150.

https://i.ibb.co/yNFvwP5/EURUSD-231122-33.png

https://i.ibb.co/nDb1VwZ/EURUSD-231122-333.png

Trading tips

Long positions can be opened after a breakout of 1.0350 with the target of 1.0450. Stop-loss — 1.0300. Implementation time: 2-3 days.

A rebound from 1.0350 as from resistance, followed by a breakdown of 1.0300 may become a signal for opening of new short positions with the target at 1.0200. Stop-loss — 1.0350.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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

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Bank of America Corp.: technical analysis 25.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Bank of America Corp. for a better understanding of the current market situation and more efficient trading.

Shares of Bank of America Corp., the largest financial conglomerate in the US, are moving within the corrective trend around 37.00.

On the daily chart, the price managed to consolidate above the resistance line of the descending corridor with the boundaries of 28.00–36.00 and is now trying to stay above the 38.2% Fibonacci retracement level of 37.10.

On a four-hour timeframe, it can be seen that overcoming this level will become a catalyst for the movement of the quotes of the trading instrument towards two goals: the level of an intermediate correction of 50.0% at 39.60 and the level of a full correction of 61.8% at 42.00.

Technical indicators maintain a global buy signal, working out the local correction: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram is forming new bars trading in the buy zone.

https://i.ibb.co/ZKhzWsy/BAC-251122-11.png

Trading tips

Long positions should be opened after the price consolidates above the local resistance of 38.50 with the target of 42.00. Stop-loss — 36.00. Implementation time: 7 days and more.

Short positions can be opened after the price consolidates below the support level of 37.00 with the target of 34.20. Stop-loss can be set above the local support at 39.00.

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 Bank of America Corp. and trade efficiently with  NPBFX.

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The Walt Disney Co.: technical analysis 28.11.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving in a corrective trend around 99.00.

On the daily chart, the price is within the global Triangle pattern with dynamic boundaries 102.00–85.00 and narrows the range of fluctuations, approaching the resistance line at 101.00.

On the four-hour chart, the asset has already entered the last third of the pattern, which is one of the signs of an imminent exit from it. A possible reversal is also indicated by the quotes reaching its upper limit at 100.00, which was accompanied by a significant drop in trading volumes.

Technical indicators have significantly narrowed the fluctuation range: fast EMAs on the Alligator indicator are still below the signal line, and the AO oscillator histogram remains in the sell zone.

https://i.ibb.co/dp7RctG/DIS281122-11.png

Trading tips

Short positions may be opened after the price drops and consolidates below 95.00 with the target at 86.50. Stop loss – 100.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 101.50 with the target at 113.00. Stop loss – 96.00.

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 The Walt Disney Co. and trade efficiently with  NPBFX.

Re: NPBFX - making money with us since 1996!

USD/CHF: US dollar corrects after four-day rise 30.11.2022

Good afternoon, dear forum visitors!

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

Current trend

The US dollar shows a slight decrease against the Swiss franc, retreating from its local highs from November 22. The USD/CHF pair is testing 0.9520 for a breakdown, waiting for new drivers to appear on the market. In particular, updated statistics on the dynamics of Gross Domestic Product (GDP) for the third quarter will be released today in the US. Toward the end of the trading session, a speech by the Chair of the US Federal Reserve, Jerome Powell, is expected, as well as the publication of the Beige Book, an economic review from the regulator. In addition, a report from Automatic Data Processing (ADP) on employment in the private sector in November will be presented on Wednesday: current forecasts suggest a slowdown in dynamics from 239.0 thousand to 200.0 thousand.

In turn, November data on the index of Leading Indicators from the Swiss Economic Institute (KOF) will be published in Switzerland today. Analysts expect to see a moderate increase in the index from 90.9 points to 91.3 points. Also during the day the index of Economic Expectations from the Center for European Economic Research (ZEW) will be published. Current forecasts suggest a noticeable increase in the indicator from -53.1 points to -41.9 points. Tomorrow, November data on the dynamics of consumer inflation, which is expected to remain at 0.1% MoM and 3.0% YoY, will be published in Switzerland.

Meanwhile, the head of the Swiss Federal Commission for Electricity Supply, Werner Luginbühl, said that the risks of a shortage of energy resources are still relevant and called on the Swiss to save them more actively, despite the warm weather in November. The country's partners, Germany and France, will launch nuclear power plants this winter to avoid a negative scenario with interruptions in the supply of heating.

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/middle term. MACD indicator is growing, while preserving a rather stable buy signal (located above the signal line). Stochastic keeps its upward direction but is rapidly approaching its highs, which reflects the risks of overbought American dollar in the ultra-short term.

Resistance levels: 0.9550, 0.9600, 0.9650, 0.9700.
Support levels: 0.9478, 0.9400, 0.9350, 0.9300.

https://i.ibb.co/8zcSfcc/USDCHF301122-33.png

https://i.ibb.co/h2q42cR/USDCHF301122-333.png

Trading tips

Long positions can be opened after a breakout of 0.9550 with the target of 0.9650. Stop-loss — 0.9478. Implementation time: 2-3 days.

A rebound from 0.9550 as from resistance, followed by a breakdown of 0.9478 may become a signal for opening of new short positions with the target at 0.9350. Stop-loss — 0.9550.

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.

Re: NPBFX - making money with us since 1996!

Netflix Inc.: technical analysis 02.12.2022

Good afternoon, dear forum visitors!

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

Shares of Netflix Inc., an American entertainment company and movie and TV series streaming service, are on a corrective trend at 316.00.

On the daily chart, the price continues its confident upward trend within the global corridor with dynamic boundaries 238.00–330.00, approaching the resistance line as close as possible.

The four-hour chart shows that the probability of an upward movement after the breakout of the key level of the initial correction of 23.6% Fibonacci around 289.00 has increased significantly. The next target for quotes may be the basic correction of 38.2% Fibonacci around 366.00, and to reach it, the trading instrument needs to consolidate above the channel resistance line around 330.00.

Technical indicators reinforce the buy signal: the range of fluctuations of the EMA on the Alligator indicator expands in the direction of growth, and the histogram of the AO oscillator forms upward bars, rising in the buying zone.

https://i.ibb.co/TKYv45b/NFLX021222-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 330.00 with the target at 366.00. Stop loss — 320.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 289.00 with the target at 247.00. Stop loss — 300.00.

Use more opportunities of the NPBFX analytical portal: analytics

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Meta Platforms Inc.: technical analysis 05.12.2022

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Meta Platforms Inc. for a better understanding of the current market situation and more efficient trading.

Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the largest social network Facebook, are moving in a corrective trend at 123.00.

On the daily chart, a global downtrend forms, within which the price moves in a downward corridor with the boundaries of 80.00–133.00, approaching the resistance line.

On the four-hour time interval, it is clear that there are prospects for the growth of quotations, as evidenced by the active working out of the price gap by the trading instrument, which began from 122.00. In case of a reversal and a downward movement, the nearest support is the local minimum of the last week, around 109.00.

Technical indicators confirm the likelihood of an upward correction, almost giving a buy signal: fast EMAs on the Alligator indicator are ready to cross the signal line upwards, and the AO oscillator histogram entered into the buy zone, forming the first upward bar there.

https://i.ibb.co/SthPW87/META-051222-11.png

Trading tips

Long positions may be opened after the price rises and consolidates above 133.00 with the target at 155.00. Stop loss – 125.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 109.00 with the target at 88.00. Stop loss — 115.00.

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 Meta Platforms Inc. and trade efficiently with  NPBFX.

Re: NPBFX - making money with us since 1996!

Johnson & Johnson: technical analysis 07.12.2022

Good afternoon, dear forum visitors!

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

Shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 176.00.

On the daily chart, the price has left the wide downward channel with dynamic boundaries 174.00–150.00, consolidation above the resistance line at 174.00.

On the four-hour chart, the ascending wave looks like an independent corridor with boundaries of 180.00–168.00, within which the trading instrument is preparing for a corrective decline. The consolidation above the local high at 179.00 will mean continued global growth with the target at 183.00.

Technical indicators hold a buy signal but allow for a correction: the EMA fluctuation range on the Alligator indicator is gradually narrowing, and the AO histogram is forming downward bars.

https://i.ibb.co/TYPYBfB/JNJ071222-22.png

Trading tips

Short positions may be opened after the price drops and consolidates below 174.00 with the target at 168.00. Stop loss – 177.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 179.00 with the target at 183.00. Stop loss – 177.00.

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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 Johnson & Johnson and trade efficiently with  NPBFX.

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AUD/USD: the RBA decision supports the quotes 09.12.2022

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 shows moderate growth, recovering from a strong decline at the beginning of the week, when the AUD/USD pair retreated from its local highs from September 13. The instrument is testing the level of 0.6800 for a breakout, taking advantage of the strengthening of corrective sentiments in the US currency.

This week, the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to a 10-year high of 3.1%. This was already the eighth adjustment since May, and in total the indicator has already added 300 basis points. The Governor of the regulator, Philip Lowe, said that officials will continue to have a "hawkish" monetary policy to combat record inflation, but will base their decisions on macroeconomic data, as well as an assessment of the outlook for inflation and the labor market. The January Consumer Price Index report is likely to show an increase to 8.0% in the fourth quarter, but in 2024, according to preliminary estimates, the figure may drop to 3.0%, while Gross Domestic Product (GDP) in 2023-2024 is expected at the level of 1.5%.

However, a more confident growth of the Australian dollar is hampered by ambiguous macroeconomic statistics from Australia and China. Australian data released yesterday showed exports down 1.0% in October after rising 7.0% a month earlier, while Imports also fell 1.0% after rising 0.4% in September. As a result, the Trade Surplus corrected from 12.444 million Australian dollars to 12.217 million Australian dollars. In turn, today's data from China disappointed investors with a 0.2% fall in the Consumer Price Index in November after rising by 0.1% in the previous month, and in annual terms, inflation slowed down from 2.1% to 1.6%, which turned out to be better than analysts' expectations of a reduction to 1.0%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is actively narrowing, pointing at ambiguous nature of trading this week. MACD indicator is growing, forming a new buy signal (located above the signal line). Stochastic shows a similar trend, bouncing off the "20" level in the middle of the week.

Current showings of the indicators do not contradict the development of the "bullish" trend in the near future.

Resistance levels: 0.6800, 0.6850, 0.6900, 0.6950.
Support levels: 0.6750, 0.6700, 0.6650, 0.6583.

https://i.ibb.co/rMYWnJt/AUDUSD091222-33.png

https://i.ibb.co/fG1FNwJ/AUDUSD091222-333.png

Trading tips

Long positions can be opened after a breakout of 0.6800 with the target of 0.6900. Stop-loss — 0.6750. Implementation time: 1-2 days.

A rebound from 0.6800 as from resistance, followed by a breakdown of 0.6750 may become a signal for opening of new short positions with the target at 0.6650. Stop-loss — 0.6800.

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.