eBay Inc.: technical analysis 06.12.2023

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

Shares of eBay Inc., an American Internet retail company, are corrected at 41.00.

On the daily chart, the price has recovered 30.0% from the previous global decline, and the positive trend is likely to continue further.

On the four-hour chart, positive dynamics are developing within the Flag trend continuation pattern with dynamic boundaries of 42.30–40.00, the implementation level of which is below the 40.00 mark, and the further formation of the formation and movement to the area of 45.00 is likely.

Technical indicators maintain a poor buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram forms ascending bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 42.30 with the target at 45.10 and stop loss 41.50. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 40.30 with the target at 37.90. Stop loss is below the current level of 41.00.

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Alphabet Inc.: technical analysis 11.12.2023

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

Shares of the American holding Alphabet Inc. are moving in a corrective trend, trading at 137.00.

An ascending channel with dynamic boundaries of 124.00–147.00 is forming on the daily chart, within which the price is heading toward the resistance line.

On the four-hour chart, the quotes reached the last local high of 140.00 and may continue to grow, as confirmed by the upward price gap of 133.00–136.60 formed last week.

Technical indicators do not provide a clear signal but have indicated an upward reversal: fast EMAs on the Alligator indicator have crossed the signal line upward, and the AO histogram is forming upward bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 140.00 with the target at 148.00. Stop loss – 137.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 132.90 with the target at 126.10. Stop loss – 135.00.

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Alibaba Group Holdings Ltd.: technical analysis 15.12.2023

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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, are correcting at 72.00.

On the daily chart, the price is moving within a local downward corridor with dynamic boundaries of 82.00–68.00 near the support line.

On the four-hour chart, the potential for further decline increased after the quotes consolidated below the year’s low of 72.00. The main support is the 2022 low at 63.00, which may be reached this month.

Technical indicators maintain a stable sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO oscillator histogram forms downward bars in the sell zone.

Trading tips

Short positions may be opened after the price declines and consolidates below 70.00 with the target at 63.00. Stop loss – 72.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 75.20 with the target at 82.50. Stop loss – 73.00.

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Johnson & Johnson: technical analysis 20.12.2023

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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 156.00.

On the daily chart, the price is in a global downward trend, trying to move away from the channel resistance line with dynamic boundaries of 145.00–153.00.

On the four-hour chart, the likelihood of a trend change is indirectly confirmed by the presence of a Head and shoulders reversal pattern with a Neckline around the local high of 159.00, after consolidating above which the asset can reach the January high of 166.00.

Technical indicators are holding a buy signal: the EMA fluctuation range on the Alligator indicator is expanding upward, and the AO histogram is forming upward bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 159.20 with the target at 166.00. Stop loss – 156.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 153.50 with the target at 147.60. Stop loss – 156.00.

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eBay Inc.: technical analysis 27.12.2023

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

Shares of eBay Inc., an American Internet retail company, are corrected at 43.00.

On the daily chart, the price continues the upward trend after exiting the downward channel with boundaries of 41.40–37.00.

On the four-hour chart, the quotes have left the limits of the Flag trend continuation pattern, having overcome the 42.00 mark, approaching 44.00 (50.0% of the previous trend), after consolidating above which the trend will become full-fledged.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator remain above the signal line, and the AO histogram forms rising bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 44.30 with the target at 46.70 and stop loss 43.50. Implementation period: 7 days or more.

Short positions may be opened after the consolidation below 42.80 with the target at 40.30. Stop loss is just below the current quote of 43.80.

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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 eBay Inc. and trade efficiently with NPBFX.

Pfizer Inc.: technical analysis 03.01.2024

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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 American pharmaceutical company, are correcting at 30.00.

On the daily chart, the price has left the global downward channel with dynamic boundaries of 29.00–26.10 and is preparing to renew the highs at 34.00.

On the four-hour chart, the quotes left the range, having worked out the recent price gap of 28.50–26.60, which significantly increased the potential for upward dynamics. In addition, the gap of 30.70–28.90 is being completed, after which growth may continue to 35.00.

Technical indicators are ready to strengthen the buy signal: fast EMAs on the Alligator indicator have almost completely crossed the signal line upward, and the AO histogram is forming ascending bars, preparing to enter the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 30.70 with the target at 34.00. Stop loss – 29.50. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 28.90 with the target at 26.10. Stop loss – 30.00.

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.

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The Walt Disney Co.: technical analysis 08.01.2024

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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 trading in a correctional trend at 91.00.

On the daily chart, the price left the global downward channel with dynamic boundaries of 85.00–77.00, forming a growth wave.

On the four-hour chart, the probability of the upward dynamics development is confirmed as the current local correction resembles a continuation trend pattern Pennant with the implementation level around 92.00. The quotes entered the last third of the formation, and after its completion, growth to the October high of 97.00 is expected.

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

Trading tips

Long positions may be opened after the price rises and consolidates above 92.00 with the target at 96.50. Stop loss – 90.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 89.70 with the target at 86.00. Stop loss – 92.00.

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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.

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Use the current recommendations of analysts on The Walt Disney Co. and trade efficiently with NPBFX.

EUR/USD: euro is preparing to end the week with insignificant growth 12.01.2024

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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

During the morning session, quotes of the EUR/USD pair remained near 1.0975, preparing to end the week with slight upward dynamics, despite the fact that the day before the US currency made a rather aggressive attempt to grow after the publication of December inflation data, which could significantly affect the rhetoric of the US Federal Reserve.

The Consumer Price Index accelerated from 3.1% to 3.4% in annual terms against the background of preliminary estimates of 3.2% and from 0.1% to 0.3% in monthly terms, while analysts expected 0.2%. At the same time, the Core CPI excluding Food and Energy added 0.3% month-on-month and 3.9% year-on-year, against expectations of 0.3% and 3.8%, respectively. Thus, inflation rates so far exceed expert forecasts, so American monetary authorities probably will not rush to launch a cycle of reducing borrowing costs this year. Against this background, expectations regarding a March adjustment to the value have been revised, but in general such a scenario is still considered possible.

Today at 15:30 (GMT+2) the focus of investors' attention will be statistics from the United States on producer inflation: the Producer Price Index is expected to increase in December from 0.9% to 1.3% in annual terms and from 0.0% to 0.1% in monthly terms. In addition, data on consumer price indices in Spain and France will be published during the day, which may remain at 3.1% and 4.1%, respectively.

Trading participants are closely monitoring comments from representatives of the European Central Bank (ECB): for example, board member of the regulator Isabel Schnabel said yesterday that indicators of economic sentiment in the region have probably reached minimum values, while the short-term economic prospects remain weak. The official also noted that the labor market remains resistant to changes made by the regulator, but a return of inflation to the target level of 2.0% in 2025 is still possible.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is slightly narrowing from above, reflecting the emergence of ambiguous dynamics in the short term. MACD indicator tries to reverse to growth and to form a new buy signal (the histogram is about to consolidate above the signal line). Stochastic shows more confident growth and is currently located in close proximity to its highs, signaling the risks of overbought single currency in the ultra-short term.

Resistance levels: 1.1000, 1.1050, 1.1100, 1.1150.
Support levels: 1.0964, 1.0930, 1.0900, 1.0850.

Trading tips

Long positions can be opened after a breakout of 1.1000 with the target of 1.1100. Stop-loss — 1.0950. Implementation time: 2-3 days.

A rebound from 1.1000 as from resistance, followed by a breakdown of 1.0964 may become a signal for opening of new short positions with the target at 1.0900. Stop-loss — 1.1000.

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ExxonMobil Corp.: technical analysis 17.01.2024

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

Shares of ExxonMobil Corp., an American oil company, are trading at 98.00.

A global corrective trend is forming on the daily chart, and the price is moving away from the resistance line of the downward corridor with boundaries of 96.00–102.00.

On the four-hour chart, the quotes are preparing to overcome last year’s low of 97.40, consolidation below which will increase the likelihood of further decline to the initial trend of 61.8% of the Fibonacci extension around 90.00. Long positions are relevant only if the asset consolidates above the channel resistance line of 101.00.

Technical indicators are strengthening the sell signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars below the transition level.

Trading tips

Short positions may be opened after the price declines and consolidates below 96.20 with the target at 90.16. Stop loss – 98.00. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 100.30 with the target at 105.40. Stop loss is around 98.00.

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The Walt Disney Co.: technical analysis 22.01.2024

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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 trading in a corrective trend at 93.00.

On the daily chart, the price is rising, leaving the global downward channel with dynamic boundaries of 85.00–77.00.

On the four-hour chart, the quotes are gradually declining within the Flag trend continuation pattern, reaching its resistance line of 93.00. The formation implementation at 94.00 can occur at any moment, after which growth to the late summer high of 100.00 will begin.

Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars, rising in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 94.10 with the target at 101.00. Stop loss – 91.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 91.50 with the target at 87.70. Stop loss – 93.00.

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USD/JPY: the American dollar is developing a weak "bullish" impetus formed the day before 26.01.2024

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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 USD/JPY pair shows moderate growth, developing the "bullish" impetus formed the day before and testing 147.75 for a breakout, while investors evaluate statistics from Japan.

In January, the Consumer Price Index in the Tokyo region slowed down from 2.4% to 1.6%, and the CPI excluding Food and Energy went from 3.5% to 3.1%. Such a significant weakening of inflationary pressure could lead to the Bank of Japan continuing to maintain an accommodative monetary policy. Despite expectations that the regulator will soon abandon negative interest rates, the likelihood of an increase in borrowing costs decreases along with the Consumer Price Index.

The Japanese government's monthly economic report was published yesterday, assessing the impact of the strong earthquake on the Noto Peninsula in Ishikawa Prefecture, as well as setting out short-term forecasts for exports, production and consumption. Officials noted that the aftermath of the disaster will require additional attention from the authorities: Ishikawa Prefecture, which suffered the greatest damage, accounts for only 0.8% of the country's Gross Domestic Product (GDP), but is home to important equipment and semiconductor manufacturing plants that have not resumed operations.

Meanwhile, the US currency is supported by evidence of the stability of the national economy, which allows the US Federal Reserve not to rush to begin easing its rhetoric. Data released yesterday showed Gross Domestic Product (GDP) rising 3.3% in the fourth quarter of 2023, following a 4.9% rise in the previous period and expectations of 2.0%. At the same time, labor market statistics reflected a noticeable increase in the number of Initial Jobless Claims for the week ended January 19 from 189.0 thousand to 214.0 thousand with a forecast of 200.0 thousand, and Continuing Jobless Claims for the week ended January 12 increased from 1.806 million to 1.833 million, while analysts were expecting 1.828 million.

Support and resistance

Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing more stable decline and is located in the middle of its area.

Resistance levels: 148.00, 148.79, 149.50, 150.00.
Support levels: 147.49, 146.65, 146.00, 145.00.

Trading tips

Long positions can be opened after a breakout of 148.00 with the target of 149.50. Stop-loss — 147.35. Implementation time: 2-3 days.

A rebound from 148.00 as from resistance, followed by a breakdown of 147.49 may become a signal for opening of new short positions with the target at 146.00. Stop-loss — 148.20.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

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Adobe Inc.: technical analysis 31.01.2024

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

Shares of Adobe Inc., a leading American software developer, are moving in a corrective trend at 622.00.

On the daily chart, the price is correcting within the global ascending corridor with dynamic boundaries of 676.00–560.00, forming a growth wave.

On a four-hour chart, the quotes are near last year’s high of 633.00, and within the current wave, they may leave the range: after consolidating above the global channel resistance line of 660.00, the price may reach 700.00.

Technical indicators have given a buy signal: the EMA fluctuation range on the Alligator indicator is expanding upward, and the AO histogram is forming ascending bars in the buy zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 637.30 with the target at 696.00. Stop loss – 625.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 609.00 with the target at 562.00. Stop loss – 625.00.

Use more opportunities of the NPBFX analytical portal: analytics

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

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

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