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Antony_NPBFX

Active Trader
Aug 2, 2016
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AUD/USD: the instrument is rising 21.10.2019

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

AUD grew moderately against USD at the end of last trading week. The instrument is still growing today, but the “bullish” activity is gradually weakening. A more confident growth of AUD is hindered by the publication of not the strongest macroeconomic statistics from China. Last Friday, data on China’s GDP for Q3 2019 reflected a slowdown in the Chinese economy from +6.2% YoY to +6.0% YoY, which turned out to be worse than market expectations of +6.1% YoY. On a quarterly basis, the indicator decreased from +1.6% QoQ to +1.5% QoQ. However, there is still some positive news. In September, Retail Sales in China increased from 7.5% YoY to 7.8% YoY, while Industrial Production growth rates for the same period significantly accelerated from +4.4% YoY to +5.8% YoY with a forecast of +5.0% YoY.

Support and resistance

Bollinger Bands in D1 chart grow actively. The price range is expanding from above; however, it fails to keep up with such an active growth of “bullish” sentiment, which may signal about the development of correctional dynamics. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic retains upward direction, but is located near its highs, which indicates risks of overbought AUD in the ultra-short term.

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

Resistance levels: 0.6864, 0.6883, 0.6900.

Support levels: 0.6829, 0.6809, 0.6779, 0.6759.





Trading tips

To open long positions, one can rely on the breakout of 0.6864. Take profit — 0.6900 or 0.6930. Stop loss — 0.6840 or 0.6830. Implementation time: 1-2 days.

The rebound from 0.6864 as from resistance with the subsequent breakdown of 0.6829 can become a signal to new sales with target at 0.6779 or 0.6759. Stop loss — 0.6864. Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

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

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.
 

Antony_NPBFX

Active Trader
Aug 2, 2016
404
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USD/CAD: the dollar is recovering 23.10.2019

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, the USD/CAD pair was trading in various directions, recovering slightly after the “bearish” start of the week. Correctional growth was facilitated by the strengthening of USD across the entire spectrum of the market, while the macroeconomic background from the USA and Canada remained ambiguous. US Existing Home Sales fell by 2.2% MoM after rising 1.5% MoM last month. Analysts expected a decrease of 0.7% MoM. However, the Richmond Manufacturing Index for October unexpectedly increased from –9 to 8 points with a forecast of –14 points.

Canadian data was no better. Retail Sales for August fell by 0.1% MoM after rising by 0.6% MoM for July. Analysts had expected positive dynamics to remain at +0.4% MoM. Sales excluding automobiles for the same period fell by 0.2% MoM despite the expected growth of +0.1% MoM.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range remains spacious and does not contradict the further development of the “bearish” dynamics. MACD gradually reverses upwards; however, it keeps the sell signal (the histogram is below the signal line). Stochastic’s dynamic is similar, recovering from its lows, which indicated that USD was is oversold in the very short term.

It is better to wait for the buy signals from the technical indicators and to close a part of the profitable short positions.

Resistance levels: 1.3100, 1.3132, 1.3170, 1.3192.

Support levels: 1.3070, 1.3040, 1.3000.





Trading tips

Long positions can be opened after the breakout of 1.3132 with the target at 1.3224 or 1.3244. Stop loss – 1.3080. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of 1.3070 with the target at 1.3000. Stop loss – 1.3110. Implementation period: 1–2 days.

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

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

Antony_NPBFX

Active Trader
Aug 2, 2016
404
1
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EUR/USD: the euro is declining 25.10.2019

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

EUR fell significantly against USD on Thursday, updating local lows of October 17. Pressure on the euro was exerted by the results of the ECB meeting, and the publication of macroeconomic statistics on business activity in the euro area. As expected, the European regulator left the interest rate unchanged at 0.00%. Deposit Facility Rate remained at –0.5%. The ECB noted that rates will remain low until clear signals for inflation rise appear. Also, on November 1, the quantitative easing program, which is supposed to help inflation recover in the medium term, will be resumed.

Markit Composite PMI in the euro area in October rose from 50.1 to 50.2 points against the forecast of 50.3 points. German Composite PMI over the same period increased from 48.5 to 48.6 points with a forecast of 48.8 points.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down keeping a fairly stable sell signal (located below the signal line). Stochastic keeps a confident downward direction but is already approaching its lows, which indicates the risks of oversold euro in the ultra-short term.

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

Resistance levels: 1.1113, 1.1138, 1.1163, 1.1178.

Support levels: 1.1074, 1.1050, 1.1023, 1.1000.





Trading tips

To open long positions, one can rely on the rebound from the support level of 1.1074 with the subsequent breakout of 1.1100 or 1.1113. Take profit — 1.1178 or 1.1200. Stop loss — 1.1074 or 1.1060.

The breakdown of 1.1074 may serve as a signal to new sales with the target at 1.1000. Stop loss — 1.1113.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic calendar

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

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

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

Antony_NPBFX

Active Trader
Aug 2, 2016
404
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XAU/USD: gold prices are consolidating 28.10.2019

Good afternoon, dear forum visitors!

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

Current trend

Gold prices grew moderately last Friday, updating local highs of October 3. The instrument was supported by continuing uncertainty regarding the prospects for the global economy development. The situations with Brexit and trade negotiations between the USA and China are still far from being resolved, which forces investors to reduce investments in risky assets. Nevertheless, gold failed to consolidate at the new local highs, and by the end of trading session on Friday, USD almost completely regained its losses, which was most likely caused by a number of technical reasons.

An additional “bearish” factor for the dollar is the expectation of a new reduction in the interest rate by the US Federal Reserve at a meeting on October 30. According to current expert estimates, the rate at the October meeting can be reduced from 2.00% to 1.75%.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is slightly expanding from above, limiting further uptrend development in the short term. MACD is growing, keeping a weak buy signal (located above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic, having approached its highs, reversed into the horizontal plane, reacting to the correctional sentiment of last week.

To open new positions, it is necessary to wait for the updated trade signals to appear.

Resistance levels: 1510.11, 1517.66, 1523.95, 1535.39.

Support levels: 1500.00, 1490.81, 1480.57, 1473.73.





Trading tips

To open long positions, one can rely on the breakout of 1510.11. Take profit — 1530.00 or 1535.39. Stop loss — 1500.00.

A breakdown of 1500.00 may be a signal for new sales with target at 1480.57 or 1473.73. Stop loss — 1510.11.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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 XAU/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Active Trader
Aug 2, 2016
404
1
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The Results of the September Battle: Figures, Winners, and Prizes!

September has always been the beginning of the season in the financial world. After the summer break, private investors return to the markets and major players become more active. Since the beginning of September, interest in the Battle of Traders contest has also increased. Thus, 1827 traders participated in the Battle which is more than 12% higher than the average summer period. There are many participants from across Europe, Asia, and even Egypt which is partially located on the African continent.

As for the results in figures, 84% of the contest’s participants had a positive balance. It is worth noticing that in September as many as 126 participants could claim victory! This is the exact number of traders who managed to fulfill the contest terms and conditions: they increased the initial deposit by at least 30% and closed at least 10 deals during the contest.

Who was the most successful and got lucky? According to the results of September, the following participants get the money prizes from NPBFX: Ryonkarom, andrei39, XpProject, Sokol, Bandito, ximic2, X979, TCN55, Aziz0992, Conquer.

The leader of the contest table is Ryonkarom (account number 137802). A trader from Indonesia. The interview with the winner is already been prepared. Soon you’ll be able to learn more about the trading strategy and the formula of the winner’s success.



Each participant of the Battle independently decides which trading strategy to choose: algorithmic trading systems, scalping, locked position, buy/sell large lots of assets. The NPBFX encourages the participants to use any trading strategy and offers a full list of available trading instruments on STP accounts: currencies, precious metals, CFD-contracts, cryptocurrencies. Sign up for the contest, experience the spirit of professional struggle, feel the vibes of victory and win the grand prize of October - the brand-new iPhone 11 Pro by Apple which has been recently released!

NPBFX thanks all participants of the September Battle of Traders contest and congratulates the winners of the month!

Sign up for the October Battle of Traders contest
 

Antony_NPBFX

Active Trader
Aug 2, 2016
404
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He manually opened 705 deals via MT4 mobile terminal and won the contest! Introducing the interview about the incredible success story of a trader from Indonesia

Having a desired goal and control over risks and emotions are often crucial to succeed at Forex. The success story of the today’s winner could be the scenario for a new motivational film about trading. Waryono – the winner of the September Battle of Traders contest – would definitely get the leading role. His name consists of one word, there is no surname or patronymic, which is quite unusual for Europeans. However, in Indonesia, it’s common. Waryono is 36 years old, married and has two children. Every day he sells children toys on the streets of his hometown - Purwokerto. In 2017, he decided to become a trader and, looking back, calls himself a self-taught, as all the wisdom of trade he learned by himself. For 2 years Waryono has been honing his skills on demo accounts. When signing up for the Battle, he set a clear goal to win and get the prize of $1000 and start trading on a real account. What a surprise it is to find out that the winner does not have a personal computer or a laptop. He made all transactions (705 to be exact!) manually, using the mobile terminal MT4 provided by NPBFX for Android! We congratulate the winner and invite you to get to know him better. Read about the secret of the winner’s trading strategy, where stop-loss matters, and very much more in the interview below.



- Waryono, could you tell us how you learned about the Battle of Traders contest and why did you decide to take part in it?

- I learned about NPBFX from my friends who had registered with NPBFX before and participated in the Battle of Traders as they were not ready to trade on real accounts.

- What was your initial goal? Did you expect to take the 1st place?

- Yes I did, I set myself the goal to win as I wanted to try to trade on a live account using the prize money.

- What were your first words and emotions when you learned that you had won the Battle? Did you share this news with someone?

- I was very excited and grateful. The persons I usually share the joyful news with and to whom I told about the victory were my wife and friends.

- Waryono, you have gone through all the stages of the contest: from registration to the victory and getting the prize - $1000. What can you say about the organization of the contest, its terms and conditions, monitoring?

- In my opinion, registration, terms and conditions of the contest are quite simple. Everything is organized well.

- In September, you achieved an excellent trading result by increasing your initial deposit of $5000 by 41 times (up to $208,322) in just one month! What trading strategy did you use? What is its essence?

- Chiefly, I use scalping and stop-loss when it’s profitable to avoid the risk in case of a potential loss in the reverse course of the market.

- The total number of trades in your account is 705. Did you use an automated Expert Advisor or did you trade manually?

- I always open all trades manually. I never use any advisors or robots.

- Your trading portfolio mainly consisted of currency pairs of a major group. At the same time, a significant part of transactions in your account was in gold. Why did you choose gold for trading in NPBFX?

- Analyzing the market, I can see that the price of gold is really high, and when the price rises, I sell, and when the price of gold falls, I buy.

- Have you ever traded in cryptocurrencies (Bitcoin, etherium, etc.)?

- No, I have never traded in cryptocurrency.

- Do you have MetaTrader 4 mobile terminal installed on your smartphone or do you prefer only a desktop version for competitive trading?

- I use only the mobile terminal for Android, because I do not have a PC or a laptop.

- Waryono, did you use online monitoring during the contest? How useful was the monitoring for you?

- Sure, it was quite useful, as I was able to get to know the places of other participants, especially those below me.

- How much time per day did you usually spend on the contest?

- I can’t say for sure because I mostly trade at night.

- What traits of your character helped you to achieve success and become the winner?

- Ability to follow the timing, emotions control, risk management. When the situation is favorable for me, I always use stop-loss to avoid losses. This skill has helped me out many times.

- If one of the beginners or experienced traders wants to repeat your trading strategy on your account, what advice will you give?

- My advice to colleagues who want to try to follow my strategy is to always use stop-loss when a situation is favorable to avoid possible losses.

- 1000$ has already been credited to your NPBFX live account. Are you planning to trade using the same strategy as you did on a demo account?

- Maybe I’ll try the same strategy, but probably I’ll use another one. It depends on the market.

- Waryono, we would like to know more about you as a trader: how long have you been trading at Forex? Why did you decide to trade?

- I started trading in the middle of 2017 and from that moment I have often participated in demo contests with other brokers.

- How has your professional path been developing? How did you learn how to trade (independently from books, courses, videos)?

- I am a self-taught and studied everything myself, analyzing time frames from M1, M15, H1, D1, W1.

- What is your crowning achievement at Forex today?

- The main results at Forex today include only the results of participation in demo contests.

- Tell us a little more about yourself: where are you from, what is the name of the city (village) you live in? How old are you, are you a family man, what are your hobbies? What is your profession?

- I live in Purwokerto, I am 36 years old, married and have two children. I sell children toys on the street every day.

- Waryono, how popular Forex is in Indonesia? Are the people of your country interested in earnings in the financial markets?

- There are quite a lot of people in Indonesia who know about and are interested in the Forex market, and I believe there will be even more opportunities in 2020.

- Would you recommend your friends to join the Battle of a Trader contest? Why?

- Definitely! This is a good contest which provides good opportunities.

- What would you wish NPBFX and the participants of the next Battle of Traders contests?

- My advice to the participants of the next contests is to use stop-loss and analyze the market before making a trade, because it is important for any strategy of each trader.

- Thank you for participating in the contest and for the interview!

Aspiration to the goal and adherence to the strategy have led Waryono to the 1st place in the contest. May the new stage of professional path in trading on a live account lead the winner to the conquest of new financial peaks together with NPBFX!
 

Antony_NPBFX

Active Trader
Aug 2, 2016
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WTI Crude Oil: oil prices are going down 01.11.2019

Good afternoon, dear forum visitors!

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

Current trend

Oil prices showed negative dynamics on Thursday, responding to the publication of weak macroeconomic statistics from China and remained under pressure from data indicating a sharp increase in US crude oil inventories. Chinese Manufacturing PMI showed a decline in October for the sixth time in a row, which casts doubt on the hope of an early recovery in demand for oil. The market also reacted negatively to the cancellation of the APEC summit in Chile, at which it was planned to sign the final agreement between the United States and China. Today, investors will be focused on the October report on the US labor market. In addition, investors are waiting for Baker Hughes US Oil Rig Count.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero level. Stochastic is declining, rapidly approaching its lows, indicating the risks of oversold instrument in the ultra-short term.

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

Resistance levels: 54.93, 55.89, 56.82.

Support levels: 54.00, 53.62, 52.83, 51.84.





Trading tips

To open long positions, one can rely on the breakout of 54.93. Take profit – 56.50 or 56.82. Stop loss – 54.20 or 54.00.

A breakdown of 54.00 may be a signal for new sales with target at 52.50 or 52.00. Stop loss – 54.50 or 54.70.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling WTI Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

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

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

Antony_NPBFX

Active Trader
Aug 2, 2016
404
1
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EUR/USD: the euro is strengthening 04.11.2019

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

EUR rose against USD on Friday, reacting to the publication of contradictory macroeconomic statistics from the US. Nonfarm Payrolls in October rose by 128K after an increase by 180K in the previous month. Experts expected the growth by 89K only. Average Hourly Earnings in October maintained its previous growth rate of 3% YoY, as experts had predicted. In monthly terms, the indicator increased by 0.2% MoM after zero dynamics in September. Market forecasts suggested growth of 0.3% MoM. The Unemployment Rate in October expectedly increased from 3.5% to 3.6%. Markit Manufacturing PMI fell from 51.5 to 51.3 points in October. ISM Manufacturing PMI grew from 47.8 to 48.3 points, which nevertheless turned out to be worse than the forecast of 48.9 points.

Today, the pair maintains an uptrend. On Monday, investors are focused on European statistics on Markit Manufacturing PMI.

Support and resistance

Bollinger Bands in D1 chart show active growth. The price range expands actively, freeing a path to new local highs for the “bulls”. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into a horizontal plane, indicating the overbought euro in the ultra-short term.

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

Resistance levels: 1.1178, 1.1200, 1.1229, 1.1248.

Support levels: 1.1138, 1.1117, 1.1071, 1.1050.





Trading tips

To open long positions, one can rely on the breakout of 1.1178. Take profit – 1.1248. Stop loss – 1.1138.

The rebound from 1.1178 as from resistance with the subsequent breakdown of 1.1138 can become a signal to new sales with target at 1.1071 or 1.1050. Stop loss – 1.1178.

Implementation time: 2-3 days.

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

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

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

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

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

Antony_NPBFX

Active Trader
Aug 2, 2016
404
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AUD/USD: the pair is trading in both directions 06.11.2019

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

AUD showed strong growth on Tuesday, updating local highs of October 31. However, the instrument failed to consolidate at new highs, and by the time the US trading session opened, it had lost most of its gains. AUD was supported by the results of the RBA meeting and the comments of the head of the regulator. As expected, the RBA kept its key interest rate at 0.75%. At the same time, investors hope that in the near future the regulator will not change the parameters of monetary policy significantly. RBA head Philip Lowe supported such sentiments, noting that the period of low interest rates will be quite long.

Correction of the instrument was facilitated by the publication of ISM Services PMI with the opening of the American trading session. In October, the index showed growth from 52.6 to 54.7 points, which turned out to be better than market expectations of 53.5 points.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is trying to consolidate, reflecting the ambiguous nature of trading in the short/ultra-short term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic is showing slightly more stable decline and is located in the middle of its area.

The development of a full-fledged downtrend is possible in the short and/or ultra-short term.

Resistance levels: 0.6900, 0.6928, 0.6955.

Support levels: 0.6881, 0.6864, 0.6829, 0.6808.





Trading tips

To open long positions, one can rely on the breakout of 0.6928. Take profit – 0.7000. Stop loss should be placed no further than 0.6900.

A breakdown of 0.6881 or 0.6864 may be a signal for new sales with target at 0.6808 or 0.6779. Stop loss – 0.6900 or 0.6915.

Implementation time: 2-3 days.

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 AUD/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Active Trader
Aug 2, 2016
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USD/JPY: USD is strengthening 08.11.2019

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

USD rose against JPY on Thursday, updating local highs of May 31. The development of the “bullish” dynamics of the instrument was facilitated by the depreciation of JPY against the background of an upbeat sentiment regarding the conclusion of a trade agreement between the US and China. Despite the fact that currently the new terms for signing the preliminary agreement have not been agreed upon, the comments of the officials show real progress in the ongoing negotiations.

Today, the pair is trading in both directions. JPY is moderately supported by the Japanese macroeconomic data. Household Spending in September grew by 9.5% YoY after growth by 1.0% YoY a month earlier. Analysts had expected growth by 7.8% YoY. Overall wage income of employees in September rose by 0.8% YoY after a decrease of 0.1% YoY in the previous month, with a forecast of +0.4% YoY.

Support and resistance

Bollinger Bands in D1 chart grow moderately. The price range is expanding, but it fails to catch the development of “bullish” trend at the moment. MACD indicator is growing preserving a buy signal (located above the signal line). Stochastic, having approached its highs tends to reverse into a horizontal plane, indicating the risks of overbought dollar in the ultra-short term.

Existing long positions should be kept in the short and/or ultra-short term until the situation is clear.

Resistance levels: 109.47, 109.73, 110.00.

Support levels: 109.05, 108.71, 108.46, 108.24.





Trading tips

To open long positions, one can rely on the breakout of 109.47. Take profit – 110.00. Stop loss – 109.15. Implementation time: 1-2 days.

A more likely scenario at the moment is a breakdown of 109.05, which can be a signal for new sales with target at 108.24 or 108.02. Stop loss – 109.47 or 109.60. Implementation time: 2-3 days.

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 USD/JPY and trade efficiently with NPBFX.
 

Antony_NPBFX

Active Trader
Aug 2, 2016
404
1
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WTI Crude Oil: general review 11.09.2019

Good afternoon, dear forum visitors!

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

Current trend

Oil prices showed ambiguous dynamics on Friday, reacting to the publication of conflicting information on the process of trade negotiations between the US and China. The quotes were pressured by the comments of Donald Trump, who stated that he had not agreed to abolish previously imposed import duties on Chinese goods just yet. Last week the media reported that the US and China are preparing for the mutual abolition of increased import tariffs as part of the signing of the first phase of the trade agreement.

Moderate support for the instrument on Friday was provided by Baker Hughes US Oil Rig Count report. For the reporting week, the number of oil rigs decreased from 691 to 684 units.

Support and resistance

In the D1 chart Bollinger Bands keep weak uptrend but demonstrate a tendency to reverse into a horizontal plane. The price range is slightly narrowing, being spacious enough for the current activity level in the market. MACD is gradually reversing downwards keeping a previous buy signal (located above the signal line). Stochastic reversed downwards, approaching the level of 80, indicating the risks of a corrective decline in the short and/or ultra-short term.

To open new trading positions on the market, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 57.79, 58.42, 59.00.

Support levels: 56.82, 55.70, 54.93, 54.00.





Trading tips

To open long positions, one can rely on the breakout of 57.79. Take profit – 59.00 or 59.50. Stop loss – 57.00.

A breakdown of 55.70 may be a signal for new sales with target at 54.00 or 53.62. Stop loss – 56.82.

Implementation time: 2-3 days.

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Antony_NPBFX

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USD/CAD: the pair is strengthening 13.09.2019

Good afternoon, dear forum visitors!

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

Current trend

Yesterday, the USD/CAD pair rose moderately, renewing local highs since October 11th. However, the instrument failed to consolidate at the new levels, and by the end of the daily session, it lost all his advantage by reacting to the neutral speech of US President Donald Trump at the Economic Club in New York. Investors expected further development of trade relations between the United States and China, which hovered before signing the preliminary agreement but Trump said nothing new. The President noted that China was still striving to conclude a trade agreement, however, the deal would be signed only on those conditions that will provide profit to the US economy otherwise Washington was ready to introduce new import duties.

Support and resistance

On the daily chart, Bollinger bands are growing steadily. The price range is narrowing slightly, reflecting the ambiguous nature of trading in the last few days. Nevertheless, the current indicators’ readings reflect the continuing “bullish” potential of the US dollar. The MACD indicator is growing, maintaining a strong buy signal (the histogram is above the signal line). Stochastic, approaching its highs, reversed into a horizontal plane, signaling the risks of corrective dynamics in the ultra-short term.

It is better to keep the current long positions until the market situation is clarified.

Resistance levels: 1.3256, 1.3289, 1.3309, 1.3347.

Support levels: 1.3224, 1.3196, 1.3159, 1.3132.





Trading tips

Long positions may be opened after the breakout of the level of 1.3256 with the target at 1.3309 or 1.3347. Stop loss – 1.3210–1.3200.

Short positions may be opened after a rebound from the level of 1.3256 and a breakdown of the levels of 1.3224–1.3210 with the target at 1.3159 or 1.3132. Stop loss – 1.3256.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

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

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Antony_NPBFX

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GBP/USD: general review 15.09.2019

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 rose against USD on Thursday, rising to local highs, updated earlier this week. The growth of the instrument was largely determined by technical factors, while the macroeconomic background from the UK remained negative. UK Retail Sales in October showed a decrease of 0.1% MoM, despite an expected increase of 0.2% MoM. In annual terms, the indicator strengthened by 3.1% YoY, which coincided with the data for the previous month. Analysts expected an increase of 3.7% YoY. Core Retail Sales for the same period decreased by 0.3% MoM after rising 0.2% MoM in September. In annual terms, the index slowed down from 2.9% YoY to 2.7% YoY against a forecast of 3.4% YoY.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range remains consolidated, but fully corresponds to the real dynamics observed in the market. MACD indicator tries to reverse to growth and to form a new buy signal (the histogram should consolidate above the signal line). Stochastic keeps its upward direction but is approaching its highs, which reflects risks of the overbought pound in the ultra-short term.

Current readings of technical indicators do not contradict the further growth of the instrument in the ultra-short and/or short term; however, to open new long positions, it is necessary to wait for the trading signals from the indicators to be clarified.

Resistance levels: 1.2896, 1.2950, 1.3011, 1.3060.

Support levels: 1.2762, 1.2705, 1.2659, 1.2600.





Trading tips

To open long positions, one can rely on the breakout of 1.2896. Take profit – 1.3011 or 1.3060. Stop loss – 1.2830.

The rebound from 1.2896 as from resistance with the subsequent breakdown of 1.2830 can become a signal to new sales with target at 1.2705 or 1.2659. Stop loss – 1.2896.

Implementation time: 2-3 days.

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

You can learn more about the current situation on GBP/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, 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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Antony_NPBFX

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USD/JPY: USD is growing 18.09.2019

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

USD showed corrective growth against JPY on Friday, retreating from local lows of November 4. Positive dynamics was facilitated by strong macroeconomic statistics from Japan and weak data from the USA. Japan’s Industrial Production in September increased by 1.3% YoY after rising by 1.1% YoY in the previous month. In monthly terms, production grew by 1.7% MoM after a decrease of 1.2% MoM in the previous month and with a forecast of +1.4% MoM. Capacity Utilization in September increased by 1% after a decrease of 2.9% in August. Analysts expected a negative trend to remain at the level of –0.6%.

Similar statistics on Industrial Production from the United States turned out to be weaker than forecasts, and USD was supported only by data on Retail Sales. In October, Retail Sales grew by 0.3% MoM after a decline of 0.3% MoM in the previous month. Analysts had expected increase by 0.2% MoM.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is almost constant, remaining rather spacious for the current activity level. MACD is trying to reverse upwards keeping a previous sell signal (located below the signal line). Stochastic, having approached its lows, signaled about the upward reversal, indicating risks of oversold USD in the ultra-short term.

Full-fledge correctional growth is possible in the short and/or ultra-short term.

Resistance levels: 108.98, 109.28, 109.47.

Support levels: 108.71, 108.54, 108.22, 108.00.





Trading tips

To open long positions, one can rely on the breakout of 108.85. Take profit – 109.28 or 109.47. Stop loss – 108.50 or 108.46.

Rebound from 108.85 as from resistance with the subsequent breakdown of 108.71 or 108.60 can become a signal for new sales with target at 108.24 or 108.00. Stop loss – 109.00 or 109.10.

Implementation time: 2-3 days.

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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Antony_NPBFX

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AUD/USD: the instrument recovers 20.11.2019

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

AUD showed moderate growth against USD on Tuesday, updating local highs of November 14. During the day, the instrument mainly declined, remaining under pressure after the publication of controversial minutes of the RBA meeting. In addition, the uncertain situation around the trade negotiations between the US and China, which has been noticeably complicated lately, is also putting pressure on AUD.

Today, the instrument has returned to decline. Investors are focusing on publications from Australia, as well as the decision of the People's Bank of China on the interest rate. Westpac Leading Index fell by 0.07% in October, after falling by 0.12% last month. The Chinese regulator, in turn, unexpectedly lowered its interest rate from 4.2% to 4.15%, apparently trying to support an economy that is showing a slowing trend.

Support and resistance

Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is prone to reverse upwards preserving a sell signal (located below the signal line). Stochastic is growing, indicating good prospects for the development of “bullish” trend in the ultra-short term.

The development of a full-fledged uptrend is possible in the short and/or ultra-short term.

Resistance levels: 0.6821, 0.6833, 0.6846, 0.6864.

Support levels: 0.6800, 0.6779, 0.6759.





Trading tips

To open long positions, one can rely on the breakout of 0.6821 or 0.6833. Take profit – 0.6864 or 0.6881. Stop loss – 0.6810 or 0.6800.

The return of “bearish” trend with the breakdown of 0.6800 may become a signal for further sales with the target at 0.6759 or 0.6740. Stop loss – 0.6820 or 0.6830.

Implementation time: 2-3 days.

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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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Antony_NPBFX

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NZD/USD: instrument consolidates 22.11.2019

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

The NZD/USD pair moves flat during the Asian session and is located near the opening level of 0.6401. Investors receive conflicting information about the process of trade negotiations between the United States and China, which puts significant pressure on the instrument. In turn, poor macroeconomic statistics from the USA do not allow the instrument to decline more confidently.

During the day, traders expect the publication of a block of macroeconomic data from the USA on the dynamics of business activity indices in various sectors for November. Analysts suggest the release of sufficiently strong statistics, which may contribute to the return of the “bearish” dynamics.

Support and resistance

On the daily chart, Bollinger bands are moving in a flat. The price range has consolidated but remains quite spacious for the current level of activity in the market. The MACD indicator is reversing downwards, forming a new sell signal (the histogram is below the signal line). Stochastic is showing a slightly more confident downward trend, signaling the chances of a “bearish” correction in the ultra-short term.

It is possible to open new short positions on the instrument in the short and/or ultra-short term.

Resistance levels: 0.6417, 0.6436, 0.6464.

Support levels: 0.6396, 0.6374, 0.6357, 0.6320.





Trading tips

Long positions may be opened after the breakout of the level of 0.6417 with the targets at 0.6450–0.6464. Stop loss – 0.6396.

Short positions may be opened after the breakdown of the level of 0.6396 with the targets at 0.6357–0.6350. Stop loss – 0.6417.

Implementation period: 2–3 days.

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.

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Antony_NPBFX

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EUR/USD: EUR is consolidating 25.11.2019

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

EUR shows flat dynamics during today’s Asian session, slightly correcting after a sharp decline at the end of last week. The reason for the reduction was weak macroeconomic statistics from Europe. Markit Composite PMI in the euro area fell from 50.6 to 50.3 points in November, while investors expected the indicator to rise to 50.9 points. At the same time, Services PMI decreased from 52.2 to 51.5 points, while Manufacturing PMI rose from 45.9 to 46.6 points, which was better than market expectations of 46.4 points.

In addition, the market responded to Christine Lagarde’s first appearance as the new ECB President. Lagarde avoided any details in her speech, but noted the need for a “revision of European monetary policy”. In addition to applying traditional measures, the head of the European regulator plans to bet on stimulating business investment and increasing productivity.

Support and resistance

Bollinger Bands in D1 chart demonstrate a downtrend. The price range is slightly changing, being spacious enough for the current activity level in the market. MACD reversed downwards again having formed new sell signal (located below the signal line). Stochastic keeps a confident downward direction but is rapidly approaching its lows, which indicates the risks of oversold euro in the ultra-short term.

Technical indicators do not contradict the further development of the downtrend in the short and/or ultra-short term.

Resistance levels: 1.1042, 1.1061, 1.1095, 1.1117.

Support levels: 1.1000, 1.0982, 1.0947.





Trading tips

To open long positions, one can rely on the rebound from 1.1000 as from support with the subsequent breakout of 1.1042. Take profit – 1.1095 or 1.1117, 1.1138. Stop loss – 1.1000. Implementation time: 2-3 days.

The breakdown of 1.1000 may serve as a signal to new sales with the target at 1.0947. Stop loss – 1.1030. Implementation time: 1-2 days.

Use more opportunities of the NPBFX analytical portal: glossary

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Antony_NPBFX

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Aug 2, 2016
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USD/JPY: USD is strengthening 27.11.2019

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

USD is strengthening against JPY during today’s Asian session, adding about 0.08%. USD is supported by optimistic news regarding the process of trade negotiations between the US and China, which contribute to increased demand for risky assets. The day before, the Ministry of Commerce of China reiterated that telephone calls between the parties “have made progress in resolving a number of issues”. However, as before, no specific information was received, and the market can only guess when exactly Washington and Beijing plan to sign a preliminary trade agreement.

With the opening of the American session, investors expect the publication of macroeconomic statistics from the United States. Among other things, the market expects the release of data on the dynamics of Personal Consumption, Pending Home Sales, annual data on GDP for Q3 2019 and statistics on Personal Expense and Income for October.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is slightly narrowing, failing to keep up with the development of the “bullish” trend in the short term. MACD indicator is growing preserving a moderate buy signal (located above the signal line). Stochastic retains an uptrend but is located in close proximity to its highs, which indicates the instrument’s overbought in the ultra-short term.

One should keep existing long positions in the short and/or ultra-short term.

Resistance levels: 109.28, 109.47, 109.73, 110.00.

Support levels: 109.06, 108.85, 108.71, 108.46.





Trading tips

To open long positions, one can rely on the breakout of 109.28. Take profit – 109.73 or 110.00. Stop loss – 109.06 or 108.85.

A rebound from 109.28 as from resistance, followed by a breakdown of 109.06 or 109.00 may become a signal to new sales with the target at 108.46. Stop loss – 109.30 or 109.40.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

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

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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Antony_NPBFX

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NZD/USD: the pair is trading in the flat 29.11.2019

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

NZD is trading upwards during today’s Asian session, adding about 0.1%. The growth of the instrument is facilitated by technical factors that are exacerbated by closed due to Thanksgiving markets in the US. At the same time, the news from the USA turns out to be alarming. Donald Trump signed two new laws aimed at supporting civil protest in Hong Kong. The first law limits the supply of weapons to disperse the protesters, and the second one gives the US the right to evaluate and confirm China’s observance of Hong Kong’s special status. Investors fear that these steps may complicate the already tense situation with the negotiations. In addition, Washington may introduce new import duties against China in December if the deal is not signed.

Slight support for the instrument on Friday is provided by the data on Consumer Confidence from New Zealand. According to data from Roy Morgan, in November Consumer Confidence index rose from 118 to 121 points.

Support and resistance

Bollinger Bands in D1 chart grow steadily. The price range is narrowing, reflecting ambiguous trading dynamics in the short term. MACD is slightly declining keeping a weak sell signal (located below the signal line). Stochastic reversed into the horizontal plane after a short growth, indicating an approximate balance of power in the ultra-short term.

To open new positions, it is necessary to wait for the signals from technical indicators to be clarified.

Resistance levels: 0.6436, 0.6464, 0.6500.

Support levels: 0.6417, 0.6393, 0.6374, 0.6357.





Trading tips

To open long positions, one can rely on the breakout of 0.6436. Take profit – 0.6500. Stop loss – 0.6400.

A breakdown of 0.6393 may be a signal for new sales with target at 0.6340 or 0.6320. Stop loss – 0.6425.

Implementation time: 2-3 days.

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

You can learn more about the current situation on NZD/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, 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 NZD/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

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Brent Crude Oil: prices decrease 02.12.2019

Good afternoon, dear forum visitors!

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

Current trend

Today, during the Asian session, oil prices are stable, consolidating after declining by almost 4% during the trading session last Friday. The markets reacted violently to the news of the resignation of Iraqi Prime Minister Adil Abdul-Mahdi after several weeks of protests, which significantly influenced forecasts of oil supplies to the world market. However, the resignation of the prime minister does not mean the end of all protests, so the volatility of the "black gold" is likely to remain high.

Investors are also focusing on the upcoming OPEC+ meeting at the end of the week. The cartel is expected to announce the extension of the current agreement to reduce oil production by 1.2 million barrels per day. Negativity to the upcoming meeting adds Russia, whose oil companies are in favor of maintaining current quotas for oil production.

Support and resistance

On the daily chart, Bollinger bands move flat. The price range remains virtually unchanged but is spacious enough for the current level of activity in the market. The MACD indicator goes down, maintaining a strong sell signal (the histogram is below the signal line). Stochastic is declining steadily, quickly approaching its lows, which signals that the instrument is oversold in the ultra-short term.

It is better to keep the current short positions in the short and/or ultra-short term until the market situation is clarified.

Resistance levels: 62.33, 62.95, 63.50, 64.00.

Support levels: 62.00, 61.29, 60.84, 60.00.





Trading tips

Long positions may be opened after the breakout of 62.33 with the target at 63.50. Stop loss – 61.50. Implementation period: 2–3 days.

Short positions may be opened after a rebound from 62.33 and a breakdown of 62.00 with the target at 60.84. Stop loss – 62.50–62.60. Implementation period: 1–2 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

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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.

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