Microsoft Corp.: technical analysis 09.08.2023

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

Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving in a corrective trend at the level of 325.00.

On the daily chart, the instrument is trading in a global uptrend, holding below the corridor support line with dynamic boundaries of 335.00–384.00.

In the four-hour chart, after updating the next local low at 328.00, the prospects for the continuation of the downward dynamics have increased significantly, and the price holding below the global channel support line at 335.00 is another confirmation of this. The new local support is now the mid-spring level around 303.00, to which quotes will continue to move in the near future.

Technical indicators have reversed and keep a stable downward signal: the range of EMA fluctuations on the Alligator indicator expands in the direction of decline, and the histogram of the AO oscillator is forming new descending bars, falling in the sales zone.

Trading tips

Short positions can be opened after the price consolidates below the local support level of 319.00 with the target of 303.00. Stop-loss — 325.00. Implementation time: 7 days and more.

Long positions should be opened after the price consolidates above the local resistance of 335.00 with the target of 350.00. Stop-loss — 325.00.

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General Electric Co.: technical analysis 14.08.2023

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

Shares of General Electric Co., an American diversified corporation, strengthen the correction, trading at 114.00.

On the daily chart, the price moves within the narrow rising channel of 120.00–111.00, reversing at the lower border.

On the four-hour chart, the upward movement has high prospects for continuation, as the quotes are close to the historical high of July 25 at 117.00, which also coincides with the peak of November 9, 2021. In case of its breakout, the movement will continue to the area of 123.00.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO oscillator histogram forms corrective bars, consolidation in the buying zone.

Trading tips

Long positions may be opened after the consolidation above the local high of 117.00 with the target at 123.00. Stop loss is 115.00. Implementation period: 7 days or more.

Short positions should be opened after the reversal, decline, and consolidation of the price below the support level of 111.00 with the target at 104.00. Stop loss – 113.00.

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The Boeing Co.: technical analysis 18.08.2023

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

The stocks of one of the world’s largest manufacturers of aviation and space technology, The Boeing Co., are trading around 226.00.

On the daily chart, the price moves above the resistance line of the sideways corridor with the boundaries of 219.00–195.00, gradually decreasing to test it backward.

On the four-hour chart, the downward wave has a high potential to reach the resistance line at 219.00 and then return to the previously passed channel. If the instrument reverses, more rapid dynamics may develop after the breakout of the local resistance level of 235.00.

Technical indicators hold a buy signal but are preparing for a downward correction: fast EMAs on the Alligator indicator are approaching the signal line, narrowing the range of fluctuations within the correction, and the AO oscillator histogram is forming new correction bars above the transition level.

Trading tips

Short positions may be opened after the consolidation below the support level of 219.00 with the target at 195.00. Stop loss – 230.00. Implementation period: 7 days or more.

Long positions may be opened after the consolidation above the local resistance level of 235.00 with the target at 252.00. Stop loss – 225.00.

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Tesla Inc.: technical analysis 23.08.2023

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

Shares of Tesla Inc., the world’s leading manufacturer of electric cars, are correcting at 232.00.

On the daily chart, the price is retreating from the support line of the global rising channel with the boundaries of 216.00–310.00.

On the four-hour chart, the upward movement may continue, as the quotes failed to break the level of 218.00, creating solid support in this area. After consolidation above 241.00, the growth may continue to 275.00.

Technical indicators are weakening the sell signal: fast EMAs on the Alligator indicator are approaching the signal line, and the AO histogram is forming rising bars in the sell zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 241.00 with the target at 275.00. Stop loss – 230.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 218.00 with the target at 190.00. Stop loss – 225.00.

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Alcoa Corp.: technical analysis 28.08.2023

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

Shares of Alcoa Corp., one of the world's largest aluminum producers, are correcting at 28.00.

On the daily chart, the price is moving in a global downtrend with dynamic boundaries at 20.00–30.00 to the range support line.

On the four-hour chart after the implementation of the local Triangle pattern with the breakdown level of 32.80, the quotes began to consolidate around the annual low of 27.60. It is expected that after a short sideways movement, the negative dynamics will continue to a historical low at 23.00.

Technical indicators maintain a stable sell signal: the range of EMA fluctuations on the alligator indicator expands downwards, and the AO histogram forms corrective bars in the sell zone.

Trading tips

Short positions can be opened after the price drops and fixes below the level of 27.50 with the target of 23.80. Stop loss — 29.00. Implementation period: 7 days or more.

Long positions can be opened after a reversal, growth and price fixing above the level of 29.80 with the target of 34.20. Stop loss — 28.00.

Use more opportunities of the NPBFX analytical portal: analytics

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Meta Platforms Inc.: technical analysis 01.09.2023

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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 296.00.

An uptrend is forming on the daily chart, within which the price is holding below the support line of the global channel with dynamic boundaries of 325.00–298.00.

On the four-hour chart, the probability of decline has increased after the retest of the broken support level of 296.00, and the asset may fall below the low of the beginning of the month at 276.00.

Technical indicators maintain an unstable sell signal: fast EMAs on the Alligator indicator are below the signal line, and the AO histogram forms corrective bars in the sell zone.

Trading tips

Short positions may be opened after a reversal, reduction, and consolidation of the price below 285.00 with the target at 260.00. Stop loss – 295.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 307.00 with the target at 325.00. Stop loss — 300.00.

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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 Meta Platforms Inc. and trade efficiently with  NPBFX.

Pfizer Inc.: technical analysis 06.09.2023

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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., the largest US pharmaceutical company, are correcting at 35.10.

On the daily chart, the price is moving in a global downward channel with dynamic boundaries 36.80–31.50, reversing near the resistance line.

On the four-hour chart, the potential for a new decline could increase significantly if the quotes consolidate below the current local low of 34.50. In this case, the main support will be the year’s low of 33.00, consolidation below which allows the asset to reach its main target near the channel support line of 31.00.

Technical indicators are ready for a reversal: fast EMAs on the Alligator indicator have come close to the signal line, and the AO histogram is forming downward bars near the transition level.

Trading tips

Short positions may be opened after the price drops and consolidates below 34.40 with the target at 31.00. Stop loss – 35.50. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and price consolidation above 36.80 with the target at 40.00. Stop loss — 36.00.

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

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McDonald’s Corp.: technical analysis 11.09.2023

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

Shares of McDonald’s Corp., the world’s largest fast food chain, are correcting in the local trend at 279.00.

On the daily chart, the price left the wide sideways corridor of 298.00–279.00 and consolidated below the support line.

On the four-hour chart, the price is retesting the support level of 280.00, after which, a downtrend with the support at last week’s low of 275.00 may develop.

Technical indicators maintain a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the histogram of the AO oscillator forms downward bars, moving away from the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 275.00 with the target at 266.00. Stop loss – 280.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 283.00 with the target at 290.00. Stop loss – 280.00.

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Johnson & Johnson: technical analysis 15.09.2023

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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 corrected at 163.46.

On the daily chart, the price is moving in the global trend and is now heading upwards, trying to reach the resistance line of the Expanding formation pattern with dynamic boundaries of 177.00–157.00.

On the four-hour chart, it can be seen that the quotes have formed a dynamic upward impulse, confidently moving away from the pattern support line of 157.00, and continue to grow. It can be assumed that the nearest resistance, which is the local high of 166.00, will be reached soon, after which the movement may continue to higher levels.

Technical indicators have weakened the sell signal: the EMA fluctuation range on the Alligator indicator is actively narrowing, and the AO histogram is forming ascending bars in the sales zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 166.00 with the target at 172.00. Stop loss – 163.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, decline and consolidation of the price below 161.00 with the target at 154.00. Stop loss – 165.00.

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

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

Use the current recommendations of analysts on Johnson & Johnson and trade efficiently with NPBFX.

Microsoft Corp.: technical analysis 22.09.2023

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

Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving in a corrective trend at 319.00.

On the daily chart, the price remains below the support line of the global ascending corridor with dynamic boundaries of 360.00–314.00.

On the four-hour chart, the key support level is the low of August 18 at 314.00, consolidation below which will allow the quotes to reach 300.00. If the asset returns to the channel and overcomes 327.00, an increase to the June high of 350.00 is possible.

Technical indicators have issued a sell signal: the EMA fluctuation range on the Alligator indicator is expanding downward, and the AO histogram is forming corrective bars in the sales zone.

Trading tips

Short positions may be opened after the price declines and consolidates below 314.00 with the target at 295.00. Stop loss – 320.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 327.00 with the target at 350.00. Stop loss – 320.00.

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 Microsoft Corp. and trade efficiently with NPBFX.

XAU/USD: gold prices are developing a downward trend in the short term 27.09.2023

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

Current trend

The XAU/USD pair is showing a slight decline, extending the short-term downward trend formed last week when the instrument retreated from local highs from September 1. At the moment, quotes are testing 1900.00 for a breakdown, updating local lows from August 22 amid expectations of further tightening of monetary policy by the US Federal Reserve. Thus, last week, representatives of the regulator spoke in favor of continuing to increase the interest rate, taking into account the fact that the economic situation in the country will remain fairly stable. At the beginning of the week, Minneapolis Federal Reserve Bank (FRB) President Neel Kashkari also admitted the possibility of another 25 basis point increase before the end of this year, which led to an increase in the yield on 10-year US Treasury bonds to 4.566%.

Earlier, the World Gold Council's August report recorded a positive trend in the first half of the year, supported by robust demand for jewelry. Thus, purchases of bars and coins by central banks increased by 6.0% year-on-year to 277.0 tons in the second quarter and a total of 582.0 tons in the first half of the year, thanks to positive dynamics in key markets, including the United States and Turkey. Gold ETF outflows of 21.0 tons in the second quarter were notably lower than the 47.0 tons in the same period last year, resulting in a net figure of 50.0 tons in the first half of the year. In addition, according to July data, the People's Bank of China and the National Bank of Poland purchased 23.0 tons each, and the Central Bank of the Republic of Türkiye purchased 17.0 tons.

Meanwhile, the US dollar is also in demand amid uncertainty surrounding the adoption of the US budget for the next fiscal year. Despite the fact that preliminary agreements were previously reached between President Joe Biden and Speaker of the US House of Representatives Kevin McCarthy, there is currently no talk of any unity. Analysts also note that the issue of approval of the document is complicated by the election campaign.

Macroeconomic statistics published on Tuesday also put pressure on the US currency: New Homes Sales in August showed a sharp decline of 8.7% after an increase of 4.4% in the previous month, and in absolute terms the figure amounted to 0.675 million homes, which is significantly below the previous value at 0.714 million.

Support and resistance

Bollinger Bands on the daily chart show a moderate decline: the price range is expanding, but is currently unable to keep up with the surge in “bearish” activity. MACD is declining, maintaining a strong sell signal (the histogram is located below the signal line). Stochastic maintains a confident downward direction, but is located in close proximity to its lows, indicating the risks of the instrument being oversold in the near future.

Resistance levels: 1900.00, 1907.40, 1915.00, 1923.06.
Support levels: 1892.75, 1880.00, 1869.49, 1850.27.

Trading tips

Short positions can be opened after a confident breakdown of the level of 1892.75 with a target of 1880.00. Stop loss — 1900.00. Implementation time: 1-2 days.

A rebound from the support level of 1892.75 with a subsequent breakout of the level of 1900.00 may become a signal to open new long positions with a target of 1915.00. Stop loss — 1892.75.

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XAU/USD: gold prices update March lows, holding at 1840.00 02.10.2023

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

Current trend

The XAU/USD pair is developing downward dynamics, updating record lows of March 10 near 1840.00. Last week, the instrument showed its strongest decline over the past few months, which was the market’s reaction to external factors.

In addition to technical reasons, pressure on gold is increasing with rising US Treasury yields. Investors are reacting to the "hawkish" rhetoric of global central banks, in particular the US Federal Reserve, expecting that the policy of high interest rates may continue this year. At the same time, it is worth noting that the American regulator is close to the projected ceiling on borrowing costs. Analytics are expecting another 25 basis point adjustment before the end of the year, after which it will be held at high restrictive levels for an extended period. Against this background, investors are redirecting their capital from gold to US Treasury bonds, the yield of which is updating multi-year highs: last Wednesday, the rate on ten-year securities for the first time since the fall of 2007 was kept at around 4.615%, having added more than 50 basis points since the beginning of the month.

The focus of investors' attention today will be September business activity statistics from the Institute for Supply Management (ISM) and S&P Global. Forecasts suggest a moderate increase in the ISM Manufacturing PMI from 47.6 points to 47.9 points, while the S&P Global PMI is expected to remain unchanged at 48.9 points. At the end of the week, the September labor market report will be presented, which could significantly influence the future rhetoric of the US Federal Reserve. Currently, analysts predict a decline in the Unemployment Rate in September from 3.8% to 3.7%, and the Nonfarm Payrolls are expected to be 158.0 thousand, which is noticeably lower than the 187.0 thousand recorded in the previous month.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD grows, preserving a stable buy signal (located below the signal line). Stochastic, having reached its lows, reversed into the horizontal plane, indicating risks of oversold instrument in the ultra-short term.

Resistance levels: 1850.27, 1857.49, 1869.49, 1880.00.
Support levels: 1840.00, 1828.22, 1815.00, 1800.00.

Trading tips

Short positions may be opened after a breakdown of 1840.00 with the target at 1815.00. Stop-loss — 1850.27. Implementation time: 1-2 days.

A rebound from 1840.00 as from support followed by a breakout of 1850.27 may become a signal for opening new long positions with the target at 1869.49. Stop-loss — 1840.00.

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