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Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
USD/JPY: wave analysis 24.04.2020

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.

The pair may fall.

On the 4-hour chart, the development of the downward wave (C) of the higher level started, within which the local correction 2 of (C) formed, and the development of the wave 3 of (C) started. Now, the third wave of the lower level iii of 3 is forming, within which the local correction is ending as the wave (ii) of iii. If the assumption is correct, the pair will fall to the levels of 103.00–101.08. In this scenario, critical stop loss level is 109.32.

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Main scenario

Short positions will become relevant during the correction, below the level of 109.32 with the targets at 103.00–101.08. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 109.32 will let the pair grow to the levels of 111.80–114.53.

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 USD/JPY and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
EUR/USD: EUR is corrected 27.04.2020

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 a slight increase against USD during today’s Asian session, continuing the development of Friday’s “bullish” momentum, which allowed the instrument to retreat from local lows since March 24. The growth of EUR is largely due to technical factors, while pressure on the instrument remains on the background of growing risks for the global economy. Additionally, EUR is weakening due to the uncertainty surrounding new stimulus measures in the eurozone economy.

Last week, European leaders agreed on an initial plan to support the region’s economy, but they failed to agree on the format of this assistance: either it should be free tranches, or some kind of soft loans. Last Friday, macroeconomic statistics from Germany reflected a further decline in business sentiment in the country.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range consolidated within rather wide boundaries, which correspond to the observed dynamics in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic maintains a confident uptrend, being approximately in the center of its area.

It is worth looking into the possibility of further uptrend development in the short and/or ultra-short term.

Resistance levels: 1.0900, 1.0952, 1.1000, 1.1054.

Support levels: 1.0800, 1.0767, 1.0726.

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Trading tips

To open long positions, one can rely on the breakout of 1.0900. Take-profit – 1.1000 or 1.1054. Stop loss – 1.0830 or 1.0820.

The return of “bearish” trend with the breakdown of 1.0800 may become a signal for new sales with the target at 1.0726 or 1.0700. Stop-loss – 1.0850.

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 EUR/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
AUD/USD: AUD is updating highs 29.04.2020

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 is showing moderate growth against USD during today’s Asian session, updating local highs of March 11. The instrument adds about 0.65% and is testing the level of 0.6530 for a breakout. The pair is supported by growing cautious optimism that in May many European countries will begin to phase out the previously imposed restrictions on businesses work and the movement of citizens. In addition, investors prefer to wait for the publication of quarterly data on US GDP and the results of today’s Fed meeting.

Published macroeconomic statistics from Australia also provides some support to the pair. RBA Trimmed Mean CPI in Q1 2020 showed an increase of 0.5% QoQ, contrary to forecasts of a slowdown to 0.4% QoQ. YoY, the growth of the index accelerated from 1.6% to 1.8%.

Support and resistance

Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the development of “bullish” sentiments at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic, having reached its highs, reversed into the horizontal plane, indicating overbought AUD in the ultra-short term.

Existing long positions should be kept until technical indicators are clarified.

Resistance levels: 0.6584, 0.6650, 0.6700.

Support levels: 0.6508, 0.6443, 0.6384, 0.6300.

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Trading tips

To open long positions, one can rely on the breakout of 0.6584. Take-profit – 0.6700. Stop-loss – 0.6508.

The rebound from 0.6584 as from resistance with the subsequent breakdown of 0.6508 can become a signal to return to sales with target at 0.6384 or 0.6300. Stop-loss – 0.6600.

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

Banned
Aug 2, 2016
942
1
54
40
USD/JPY: the pair is showing flat dynamics 01.05.2020

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 returned to decline against JPY during today’s Asian session, again weakening after the “bullish” surge yesterday, which allowed the instrument to retreat from its local lows since March 17. USD managed to strengthen, despite the publication of disappointing macroeconomic statistics from the US, which, however, no longer surprises anyone. The main reason was technical factors, as well as correction of positions by investors at the end of the month.

More confident growth of JPY on Friday is hindered by weak data from Japan. Tokyo CPI excluding Fresh Food fell by 0.1% YoY in April, after rising by 0.4% YoY in the previous month. Analysts had expected minimal positive dynamics to remain at 0.1% YoY. Jibun Bank Manufacturing PMI fell from 43.7 to 41.9 points in April.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is trying to consolidate in rather narrow limits. MACD indicator is growing preserving a weak buy signal (the histogram is above the signal line). Stochastic, having shown a rebound from the level of “20”, continues to grow steadily, being approximately in the center of its area.

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

Resistance levels: 107.48, 108.00, 108.71, 109.37.

Support levels: 106.90, 106.34, 106.02.

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Trading tips

To open long positions, one can rely on the breakout of 107.48. Take-profit – 108.30 or 108.50. Stop-loss – 107.00. Implementation time: 2-3 days.

A breakdown of 106.90 may be a signal for new sales with target at 106.34 or 106.02. Stop-loss – 107.30. Implementation time: 1-2 days.

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

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

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
USD/CAD: wave analysis 04.05.2020

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.

The pair may grow.

On the 4-hour chart, the third wave of the higher level (3) develops, within which the first wave 1 of (3) formed, and a downward correction developed as the second wave 2 of (3). Now, the formation of the third wave 3 of (3) is starting, within which the first wave of the lower level (i) of i of 3 is developing. If the assumption is correct, the pair will grow to the levels of 1.4562–1.4671. In this scenario, critical stop loss level is 1.3842.

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Main scenario

Long positions will become relevant during the correction, above the level of 1.3842 with the targets at 1.4562–1.4671. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.3842 will let the pair go down to the levels of 1.3598–1.3431.

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 USD/CAD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
Records of the March Battle of Traders: stunning result of the winner and 10 best contestants

Hello, Dear Forumers!

Forced self-isolation in the situation of the coronavirus pandemic heightened interest in financial markets both in Russia and elsewhere in the world. Because it’s possible to make money while you're safe, right from home. The contest on demo accounts Battle of Traders gives contestants an even more attractive opportunity - to win money for real Forex trading without investing their own funds and without risking anything.

In March 2,060 traders took this opportunity! This is the absolute record in the entire history of the contest, beginning from the first one in November 2018. The winner of the contest race showed an unprecedented trading result in March. It was a trader from Russia with the nickname MishaStar (account No.167946). He managed to increase the initial deposit of $5000 148 times during the contest month. At the end of the contest the total amount on his account was $741,129! According to the contest rules, NPBFX company awards the winner $1000 and the super prize - the latest iPhone 11 Pro. To win such an impressive victory the trader made 47 transactions. Details about his trading strategy, his professional way and further plans to trade on a real account in NPBFX can be found in the interview with the winner, which is already being prepared for edition.

How did other contestants demonstrate their professional skills and who entered the top 10? The analysis of the statements shows how different the participants' trading portfolios, volumes of trades and risk management strategies were. Thus, the excessive volatility of many currency pairs in March was the reason to go all-in and open trades for almost the entire deposit with the volume of 20, and even 40 lots. Some contestants, having left their rivals behind in the first days of the competition, preferred to take a waiting position after several profitable transactions. In contrast to that, the trader with the nickname flamin60 (account No.165777) made the largest number of transactions among the traders of the March contest - 1802! However, he failed to enter the top ten of the winners.

The full list of traders-winners following the results of Battle of Traders in March consists of contestants with the nicknames: MishaStar, maestro, gbs, gob32, nhumotyphudola, 9030, santello, Fastwinner, Hungdung, Roman23.

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NPBFX Company congratulates the winners and thanks all the traders who took part in the Battle of Traders last month!

If you are interested in fighting for the prize fund of $ 2500 and winning the iPhone 11 Pro, experiencing all the storm of emotions of the contest race, then we hurry to remind you that the participation in the contest is free and available to everyone. All trading operations in the contest are conducted on demo accounts of NPBFX. The result depends only on you - go for it and become the winner!

Sign up for the Battle of Traders contest
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
EUR/USD: wave analysis 06.05.2020

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.

The pair is in a correction and may grow.

On the 4-hour chart, the downward third wave of the higher level 3 develops, within which the first wave i of 3 formed, and an upward correction develops as the wave ii of 3. Now, the wave (b) of ii has formed, and the wave (c) of ii is developing. If the assumption is correct, the pair will grow to the levels of 1.1170–1.1496. In this scenario, critical stop loss level is 1.0720.

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Main scenario

Long positions will become relevant during the correction, above the level of 1.0720 with the targets at 1.1170–1.1496. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price below the level of 1.0720 will let the pair go down to the levels of 1.0528–1.0414.

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

Banned
Aug 2, 2016
942
1
54
40
+14 800% profit! Interview about the way to the incredible success of the winner of the March Battle of Traders contest

If Forex had something similar to the Guinness World Records, then the winner of the March Battle of Traders contest would definitely take an outstanding place. Within just one month he was able to increase his deposit of $5000 to $741,129! This highest record of the contest was set by Mikhail Dmitrievich Sozykin from Perm. He got involved in trading six years ago. Constantly developing his professional skills, the trader has come to the conclusion that to be successful you need not only have a proven trading strategy, but above all have to trade consciously and without emotions. He does not use fundamental analysis, fully trusting the technical one. And Mikhail Dmitrievich can relax and unwind by pursuing his creative hobbies - playing guitar, designing and creating metalware.

What is the essence of his extraordinarily successful trading strategy, what is his “cool” attitude towards mobile trading, how does he assess the market prospects during the coronavirus pandemic and why does he recommend the Battle of Traders to his friends? We asked the winner these and some other interesting questions. Detailed answers are presented in the interview. We hope that you will find the information in the article useful and set your trading records already in April!

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- Mikhail Dmitrievich, please tell us how you found out about the Battle of Traders contest and why you decided to take part in it.

- It was by chance. I registered in your company, wanted to participate in the contest. But somehow I didn't go to the site again. After a while, my manager called me and told me more about the contest. That call made me interested. In addition, I needed money for real trading. So I went to your site quickly, read the terms of the contest. Everything was interesting, everything was simple and clear: no restrictions on trading, nothing. And that's it, here we go!

- In March you participated in the contest for the first time and you finished in the first place straightaway! What were your first words and emotions when you found out about your victory in the Battle?

- It’s not my first victory in trading contests. The first victories caused a storm of emotions. In the Battle of Traders, when I found myself in the first place, I was calm. There were some inner emotions, of course, I was glad, but I didn`t show it up. I noticed when I rejoiced I got problems with trading. So now I try to be balanced: I try not to be happy and not to be upset.

- Who have you shared the news of the victory with so far?

- Yeah, my wife knows what I am doing, she's actively involved. I've written to a few friends on VKontakte (Russian social media).

- Mikhail Dmitrievich, how long did it take you to register for the Battle of Traders contest?

- It all happened very quickly. Immediately after the call of the manager I filled in all the necessary data for registration for the contest and sent them. Plus, I wrote to the support service to be able to open the first trade in the contest more quickly. It took literally 15-20 minutes to do everything and to get access to the contest account.

- How do you evaluate the terms of the contest in NPBFX?

- The conditions of the contest are very simple: there are no leverage restrictions, no restrictions on the opening volume. The conditions are simple and give you a good opportunity to get promoted and take first place quickly. But there's also an equally great opportunity to drain everything.

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

- I haven't been spending on the charts all day. I've been monitoring the trades from time to time and then left. I tried to take my mind off the market in order not to do anything wrong.

I hold positions for a long time and don't close out right away. A trade can be opened for two days, three days, a week. Usually, I wait for the target. I know where the position could go and where I have to close out. It should be mentioned that after accumulating a certain amount I “added” myself to other positions as the market was moving. I looked where else I could “stock up on” in order to increase profit on the deposit.

- In March you showed the most incredible trading result in the entire history of our competition: the initial deposit of $5000 increased 148 times (up to $741,129)! According to the contest rules, NPBFX company awards you not only $1000, but also a super prize - the latest iPhone 11 Pro! Did you set yourself the goal to get the iPhone or was it a pleasant surprise?

- This is a pleasant surprise indeed! I didn't think I could increase my $5,000 to $250,000. When I felt that the market offered such an opportunity, and when I saw the guys who took first places (they had $400,000 there), I thought, why not. Then I started to force and to increase the volumes in order to earn more.

- Please tell us more about your trading strategy, which led you to success. What is the essence of it?

- Basically, the system is simple. Let's call it “mirror levels” of support-resistance. Many probably know what a mirror level is. It is when the price reaches the peak, then breaks it and declines. Sometimes it works out, sometimes it doesn't, so fifty-fifty. This time I was just lucky. Plus, I use the indicators for sure. Indicators are a map of a minefield; it's stupid not to use them. For example, I look at MACD as a secondary, more like a filter for my signals.

- During the contest you made 47 transactions. You have quite an interesting trading portfolio. The usual "majors" are rarely found in it. You used currency pairs that were not so popular on Forex. For example, franc-yen (CHFJPY), pound-Australian dollar (GBPAUD), Canadian dollar-franc (CADCHF) and others. Why did you give preference to these instruments?

- I was assessing the current situation. Where there was a high probability of making a profit as a rule I went in there. But the main ones were gold, dollar-yen and pound-yen. These are three trading instruments, which gave more profit. At first I thought that euro-yen and franc-yen would go, but they slowed down. I just closed them out to free up the capital. Then I saw a good situation on euro-dollar - I earned on it. Then Canadian dollar-franc also showed that it was going to rise - I earned on it. The deals on these pairs were with good profit.

- The trading volume on the trades of your account are also impressive: 20, 40 and even 100 lots on the last transaction in March. When opening a position, are you more focused on technical or fundamental analysis?

- Only technical. All you have to do is to look at the chart and it'll tell you everything. Fundamental analysis is not interesting, I hardly use it. I only look through the important news, at the interest rates, for example to be aware of them.

- How do you think the Forex market has changed in the last month or two during the coronavirus pandemic?

- Volatility has only increased. The rest of the movement was wave-like and remained so. The only thing is, the ranges of these waves expanded and that's it. Nothing really is changing except the volatility and direction of the movement.

- Perhaps you have some tips/recommendations for traders to trade in new conditions?

- In this case, in order not to be left without a deposit, you just need to reduce the trading volume, because the stops will increase with such volatility. I always trade from risk, and I watch how much I lose, how much I earn. As the stop increases, I will of course reduce the volume; otherwise you can quickly lose the deposit.

- Do you use your smartphone to trade on Forex or do you prefer only the desktop version?

- All I do on my phone is tracking the movement. And I do all the logging and analysis from my computer only. The phone isn't suitable for trading at all. It's silly to trade from a phone without seeing the whole picture of the chart. Only a computer. Only a wide screen, where you can see the whole chart.

- How often did you apply to the monitoring of all participants accounts during the contest? How useful was the monitoring to you?

- Yeah, sure, I always opened the accounts' monitoring. Especially when I was in the top ten, I started to study trading of other contestants, watching who was in first place and how he was trading. Monitoring is an advantage for every contestant if you want to win. I see what bar was set, I know where to go. It's “an extra crutch for a lame man”. Without monitoring it's a blind game, it's a lottery, but here everything is clear. I knew how much I needed, how much volume to beat, how much to enlarge, how much to accelerate to get away from others. It's what is needed, there's no way without it.

- 1000$ has already been credited to your real NPBFX trading account. Are you planning to trade the same way as you did on the demo account in the contest?

- Most likely not, because these are two different versions of the game, for lack of a better term. Even if trading with virtual money, it's still psychologically very hard and tense, high risks, large volumes. Secondly, I would like to make a little money with this thousand. If I trade aggressively, then I'll probably fail quickly.

- Mikhail Dmitrievich, tell us a little about your trading experiences: how long have you been trading at Forex? Why did you decide to trade?

- The conscious path to Forex began somewhere in 2014, when I realized that I had to pay money and learn how to do it. I'd learned about Forex before that. I knew you could make money here. My inner voice told me that I could succeed here. For 6 years I have been developing and improving in this business. Gradually I started to get results, but I haven't got a stable plus yet. I'm on my way to it.

- What do you consider to be your biggest achievement at Forex today?

- The main achievement is a conscious attitude towards the market. Trading not on emotions, but sobriety of mind while managing the account. When participating in the contest I faced it clearly.

- What is your job outside of trading, what kind of profession do you have?

- I have many professions, jack-of-all-trades. One of them is in education. I was a college lecturer. Welding, materials science, standardization - that's all mine. I taught for 7 years, but about a year ago I quit my job.

- Please tell us what country you're from, what city you live in? How old are you, if you are a family man, what are you into?

- Our country is Russia. I live in Perm. I am 34, married, three children.

I have a lot of hobbies. I play guitar in between times to relieve stress. I design, make metal structures to abstract my mind from the market. I do something for myself - I design, create. I'm a creative person; I make various products and structures from metal.

- Mikhail Dmitrievich, as can be seen from the monitoring, you have already become a contestant in the new April Battle of Traders contest. Would you advise your friends and acquaintances to join the Battle of the Trader contest? Why?

- Yes, I've already advised them. Now, many people have a problem with earning money. I told my friends about the contest, that there is an opportunity to earn initial capital for real trading by getting into the top ten. You can essay powers and take part in the contest without losing anything.

- What would you like to wish NPBFX and participants of the following Battle of Traders contests?

- First of all, the participants should approach it consciously and soberly in order to win. Among other things, you have to believe in success, that you can do it. Otherwise it’s impossible. I wish all participants good luck as well. It plays a big role, too. As for the company, I wish NPBFX further development, growth, more clients and prosperity!

- Thank you for participating in the contest and for your answers to the interview questions. We wish you further victories and achievements in financial market! And let trading on NPBFX real account be as successful as on your contest one!
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
USD/JPY: the dollar is strengthening 11.05.2020

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

Today, during the Asian session, the USD/JPY pair appreciably strengthens, retreating from local lows of March 17, renewed in the middle of last trading week. Now, the dollar has added about 0.35% and is testing the level of 107.00 for a breakout. The growth of the instrument was not prevented by a poor report on the US labor market published on Friday for April, which reflected a record drop in Nonfarm Payrolls and an increase in the unemployment rate to 14.7%. Investors are frightened by the negative prospects of the US economy and are inclined to seek additional liquidity in the market.

Friday’s statistics from Japan also was disappointing. Thus, the manufacturing PMI index from Jibun Bank for April fell from 33.8 to 21.5 points against the forecast of a decrease to only 22.8 points. March household spending collapsed by 6% YoY after falling by 0.3% YoY in February.

Support and resistance

On the daily chart, Bollinger Bands reverse in the horizontal plane. The price range narrows, reflecting the emergence of ambiguous dynamics in the short term. The MACD indicator grows, maintaining a poor buy signal (the histogram is above the signal line). Stochastic is showing more confident growth, being approximately in the center of its work area.

Current technical indicators do not contradict the further growth of the dollar in the short and/or ultra-short term.

Resistance levels: 107.00, 107.48, 108.00, 108.71.

Support levels: 106.34, 105.97, 105.48.

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Trading tips

Long positions may be opened after the breakout of 107.00–107.20 with the target at 108.00. Stop loss – 106.50–106.30.

Short positions may be opened after a rebound from 107.00 and a breakdown of 106.50 with the target at 105.80 or 105.48. Stop loss – 107.00–107.20.

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.

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

Banned
Aug 2, 2016
942
1
54
40
USD/CHF: wave analysis 13.05.2020

Good afternoon, dear forum visitors!

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

The pair may fall.

On the daily chart, the third wave of the higher level 3 of (3) develops, within which the wave i of 3 formed, and a correction ended as the wave ii of 3. Now, the development of the wave of the lower level iii of 3 has begun, within which a local correction has formed as the wave (ii) of iii of 3. If the assumption is correct, the pair will fall to the levels of 0.9497–0.9167. In this scenario, critical stop loss level is 0.9804.

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Main scenario

Short positions will become relevant during the correction, below the level of 0.9804 with the targets at 0.9497–0.9167. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9804 will let the pair grow to the levels of 1.0024–1.0235.

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/CHF and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
AUD/USD: the pair is trading in the flat 15.05.2020

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 shows flat dynamics against USD during today’s Asian session. Demand for USD again dipped after Thursday’s publication of disappointing data on the Initial Jobless Claims, which reflected a slight decrease compared with the latest April statistics, but the fall curve is not yet sufficient to establish the formation of stable positive trends in the labor market.

Today, investors are focused on the Chinese data. Industrial Production in China in April showed strong growth of 3.9% YoY after a decline of 1.1% YoY in March. Analysts had expected positive dynamics to appear at 1.5% YoY. Retail Sales in April reduced by 7.5% YoY after a decrease of 15.8% YoY in the previous month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range consolidated, reflecting an approximate balance of power in the short/medium term. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic shows a much more confident decline, but slows down as it approaches the level of “20”.

One should wait for clarification of the situation at the market, as the current indicators remain uninformative.

Resistance levels: 0.6508, 0.6568, 0.6650.

Support levels: 0.6443, 0.6402, 0.6371, 0.6300.

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Trading tips

To open long positions, one can rely on the breakout of 0.6508. Take-profit – 0.6650. Stop-loss – 0.6430.

The return of “bearish” trend with the breakdown of 0.6402 may become a signal for new sales with the target at 0.6300. Stop-loss – 0.6450.

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

Banned
Aug 2, 2016
942
1
54
40
Brent Crude Oil: oil prices recover 18.05.2020

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 remain positive, being located near local highs since April 9. At the end of last week, quotes were growing steadily, responding to signs of a gradual recovery in energy demand, as many countries began to remove previously imposed restrictions on enterprises’ operation of and citizen movement. The new OPEC+ agreement, aimed at reducing the production of "black gold", positively affects the instrument. Investors were also optimistic about Friday's macroeconomic statistics from China. Thus, industrial production in April rose by 3.9% YoY after a decline of 1.1% YoY last month. Analysts had expected a much more modest increase – of 1.5% YoY.

The Baker Hughes report on active oil platforms, released on Friday, showed a decrease in the number of active rigs in the United States to the lowest level since July 2009. The index significantly dropped by 34 units to 258 pieces.

Support and resistance

On the daily chart, Bollinger bands actively grow. The price range narrows, reflecting the tendency of the instrument to flat dynamics in the short/medium term. The MACD indicator grows, keeping a strong buy signal (the histogram is above the signal line). Stochastic maintains a confident upward direction but is near its highs, signaling that the instrument is overbought in the ultra-short term.

It is better to keep the current long positions until the signals on the market are clarified.

Resistance levels: 34.22, 37.00, 40.00.

Support levels: 31.64, 30.00, 28.69, 27.00.

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Trading tips

Long positions may be opened after the breakout of 34.22 with the target at 40.00. Stop loss – 31.00.

Short positions may be opened after a rebound from 34.22 and a breakdown of 31.64 with the target at 27.00. Stop loss – 34.80.

Implementation period: 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 Brent 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 Brent Crude Oil and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
EUR/USD: EUR is strengthening 20.05.2020

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 moderate growth against USD during today's Asian session, continuing to develop an upward momentum, which led to the renewal of local highs from May 4. The instrument adds about 0.19% and is actively testing the level of 1.0940 for a breakout. The uptrend is facilitated by the announced plan to support the European economy. Germany and France have reached a consensus on the formation of a fund for economic recovery in the amount of EUR 500B. The countries most affected by the crisis will be able to receive grants from this fund, while the debt burden will equally fall on all countries of the block, since the fund will be filled through the EU budget.

Additional support for EUR was provided by data from the ZEW Institute. ZEW Economic Sentiment in Germany in May rose significantly from 28.2 to 51 points, which was significantly better than market expectations of 32 points.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting ambiguous nature of trading in the ultra-short term. MACD indicator is growing preserving a stable buy signal (located above the signal line). In addition, the indicator is trying to consolidate above the zero level. Stochastic keeps its upward direction but is approaching its highs, which reflects the overbought EUR in the ultra-short term.

Resistance levels: 1.0952, 1.1000, 1.1054.

Support levels: 1.0900, 1.0832, 1.0800, 1.0767.

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Trading tips

To open long positions, one can rely on the breakout of 1.0952. Take-profit – 1.1054. Stop-loss – 1.0900.

A rebound from 1.0952 as from resistance, followed by a breakdown of 1.0900 may become a signal for new sales with the target at 1.0832. Stop-loss – 1.0952.

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 EUR/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 EUR/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
NZD/USD: the instrument is correcting 22.05.2020

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 showing a slight decline against USD during today’s morning session. The instrument is trying to consolidate below 0.6100, under pressure from the correctional sentiment in USD. Additional pressure on NZD is exerted by ambiguous macroeconomic statistics from New Zealand. Retail Sales excluding Autos in Q1 2020 increased by 0.6% QoQ after a decrease of 0.1% QoQ in the previous quarter. The overall Retail Sales for the same period collapsed by 0.7% QoQ after zero dynamics of the previous period.

The growth in demand for USD is also facilitated by the fact that relations between the USA and China are aggravating. Donald Trump continues to actively accuse Beijing of spreading the coronavirus pandemic, which significantly reduces the prospects for consensus between the parties in the second round of trade negotiations.

Support and resistance

Bollinger Bands in D1 chart show insignificant growth. The price range expands from above, freeing a path to new local highs for the “bulls”. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic, having approached its highs is reversing into a horizontal plane, indicating the risks of overbought NZD in the ultra-short term.

To open new positions, it is necessary to wait for the trade signals to become clear.

Resistance levels: 0.6129, 0.6156, 0.6175, 0.6200.

Support levels: 0.6100, 0.6040, 0.6000, 0.5960.

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Trading tips

To open long positions, one can rely on the rebound from the support level of 0.6100, with the subsequent breakout of 0.6129. Take-profit – 0.6175–0.6200. Stop-loss – 0.6080.

The breakdown of 0.6100 may serve as a signal to new sales with the target at 0.6040. Stop-loss – 0.6135.

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 NZD/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
EUR/USD: EUR remains under pressure 25.05.2020

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 a slight decrease against USD during today’s Asian session, continuing to develop a “bearish” momentum formed at the end of last week, when EUR retreated from its highs since the beginning of the month. Investors are again inclined to buy “safe” USD amid worsening relationships between the US and China, which threaten to cross out all the progress made earlier in the framework of the signed trade agreement. Last week, the US Senate approved a bill according to which Chinese companies that cannot prove their independence from the government may lose access to US stock exchanges.

Investors are focused on macroeconomic statistics from Germany today. The finalized data on the dynamics of GDP in Germany for Q1 2020 will be published, as well as statistics on the level of business optimism from the IFO in May.

Support and resistance

The Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the appearance of ambiguous dynamics of trading in the short/ultra-short term. MACD is going down preserving a sell signal (located below the signal line). Stochastic maintains a confident downtrend, being approximately in the center of its area.

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

Resistance levels: 1.0952, 1.1000, 1.1054.

Support levels: 1.0900, 1.0860, 1.0832, 1.0800.

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Trading tips

To open long positions, one can rely on the rebound from the support level of 1.0860 with the subsequent breakout of 1.0900. Take-profit – 1.1000. Stop-loss – 1.0840.

The breakdown of 1.0860 may serve as a signal to new sales with the target at 1.0800–1.0767. Stop-loss – 1.0915.

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

Banned
Aug 2, 2016
942
1
54
40
AUD/USD: AUD is consolidating 27.05.2020

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 shows ambiguous trading dynamics during today’s Asian session, consolidating after active growth on Tuesday, which allowed the instrument to update its highs since March 9. The improvement in market sentiment caused by the gradual weakening of quarantine supports the demand for the commodity currencies; however, investors still show increased caution, which is fraught with frequent corrective movements.

Macroeconomic statistics from Australia published on Wednesday turned out to be rather optimistic, but still did not have a significant impact on the dynamics of the instrument. Construction Work Done in Australia in Q1 2020 decreased by 1% QoQ after a decrease of 3% QoQ in the previous period. Analysts had expected a decrease of 1.5% QoQ.

Support and resistance

The Bollinger Bands in D1 chart show moderate growth. The price range is expanding but it fails to conform to the development of “bullish” sentiments at the moment. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic, after a short period of corrective decline, again reverses upward, reacting to the appearance of a strong upward momentum at Tuesday’s trading.

Technical indicators do not contradict the further development of the “bullish” trend in the short and/or ultra-short term.

Resistance levels: 0.6674, 0.6700, 0.6749.

Support levels: 0.6615, 0.6568, 0.6508, 0.6443.

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Trading tips

To open long positions, one can rely on the breakout of 0.6674. Take-profit – 0.6800. Stop-loss – 0.6600.

A rebound from 0.6674 as from resistance, followed by a breakdown of 0.6615 may become a signal for new sales with the target at 0.6508. Stop-loss – 0.6674.

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

Banned
Aug 2, 2016
942
1
54
40
USD/CAD: instrument consolidates 29.05.2020

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

Today, during the Asian session, the USD/CAD pair shows ambiguous dynamics, being near local lows since mid-March, renewed on Wednesday. Pressure on the US dollar has a poor macroeconomic statistics from the United States, published yesterday. In particular, investors were extremely negative about the review of the annual dynamics of US GDP for the first quarter of this year. According to renewed data, the US economy fell by 5% YoY against the previous estimate of 4.8% YoY.

On Friday, traders are waiting for the publication of information on the dynamics of personal income and expenses of US citizens. Also, closer to the end of the American trading session, a press conference by US President Donald Trump will be held. In Canada, data on the country's GDP for the first quarter of this year will be released. According to the most negative forecasts, the Canadian economy may decline by 10% QoQ.

Support and resistance

On the daily chart, Bollinger bands moderately reduce. The price range expands from below, expanding the space for the development of the “bearish” dynamics. The MACD indicator goes down, maintaining a relatively strong sell signal (the histogram is below the signal line). Stochastic, approaching the zero line, reversed into a horizontal plane, signaling for the development of corrective growth in the ultra-short term.

The appearance of correctional dynamics is possible in the short and/or ultra-short term.

Resistance levels: 1.3800, 1.3849, 1.3900, 1.3950.

Support levels: 1.3740, 1.3700, 1.3650, 1.3600.

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Trading tips

Long positions may be opened after the breakout of 1.3800 with the target at 1.3900. Stop loss – 1.3740.

Short positions may be opened after the breakdown of 1.3740 with the target at 1.3650. Stop loss – 1.3800.

Implementation period: 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/CAD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
GBP/USD: the pound is strengthening 01.06.2020

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 is strengthening against USD during today’s Asian session, updating local highs since May 11. The instrument is trying to consolidate above 1.2400, receiving support from the correctional sentiment in USD. Additional pressure on USD was exerted by Friday’s macroeconomic statistics from the US, as well as by a press conference by Donald Trump, which marked the intensification of the US confrontation with China.

Chicago PMI in May fell from 35.4 to 32.3 points with a positive outlook on the growth rate to 40 points. Michigan Consumer Sentiment Index for the same period fell from 73.7 to 72.3 points, which also turned out to be worse than market expectations of 74 points. During his speech, Donald Trump announced the cessation of the WHO funding, once again accusing China of hiding information about the dangers of coronavirus.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is expanding from above but it fails to conform to the development of “bullish” sentiments at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). The indicator is trying to consolidate above the zero level. Stochastic keeps upward direction but is rapidly approaching its highs, which indicates the risks of overbought GBP in the ultra-short term.

Resistance levels: 1.2400, 1.2500, 1.2580, 1.2646.

Support levels: 1.2311, 1.2275, 1.2200, 1.2160.

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Trading tips

To open long positions, one can rely on the breakout of 1.2400. Take-profit – 1.2500. Stop-loss – 1.2340. Implementation time: 1-2 days.

A rebound from 1.2400 as from resistance, followed by a breakdown of 1.2311 may become a signal for new sales with the target at 1.2200. Stop-loss – 1.2380. 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 GBP/USD and trade efficiently with NPBFX.
 

Antony_NPBFX

Banned
Aug 2, 2016
942
1
54
40
USD/CAD: US dollar declines 03.06.2020

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

Today, during the Asian session, the USD/CAD pair is falling, renewing local lows of March 8. The instrument has been actively falling since the beginning of the week, responding to the rising demand for risk as the global economy recovers from global restrictive measures. In turn, the focus of investors has shifted to economic and geopolitical problems, which supports the demand for shelter assets. Traders are watching the confrontation between the US and China, worried about the prospects of a return and even intensification of the trade war.

Today, the market is focused on a block of macroeconomic statistics on US employment and Service PMI for May, as well as on Canadian interest rate decision release. However, there are no surprises expected. The rate of the Central Bank of Canada is at a minimum level of 0.25%, and now, resorting to negative values is slightly premature.

Support and resistance

On the daily chart, Bollinger bands steadily decline. The price range expands but not as fast as the “bearish” moods develop. MACD falls, keeping a strong sell signal (the histogram is below the signal line). Stochastic, approaching its lows, reversed into a horizontal plane, indicating that USD is oversold in the ultra-short term.

It is better to keep the current short positions in the nearest time intervals until signals from technical indicators are clarified.

Resistance levels: 1.3564, 1.3650, 1.3700, 1.3800.

Support levels: 1.3479, 1.3400, 1.3306.

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Trading tips

Long positions may be opened after a rebound from 1.3479 and a breakout of 1.3564 with the targets at 1.3750–1.3800. Stop loss – 1.3450. Implementation period: 2–3 days.

Short positions may be opened after the breakdown of 1.3479 with the target at 1.3306. Stop loss – 1.3564. 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

Banned
Aug 2, 2016
942
1
54
40
We recap the April Battle of Traders: impressive results and one more iPhone 11 Pro!

Hello, dear forum users!

In April the Battle of Traders contest attracted even bigger amount of participants along with the ongoing pandemic, self-isolation and high market volatility. 2,398 traders with different experience and skills levels competed for the first place and the main prize - iPhone 11 Pro. This amount of participants beat the recently set March record. That time there were 2060 traders in the contest.

The traders followed a variety of trading strategies, demonstrating incredible profits on many transactions! At the end of the month the highest final trading result was shown by the winner of the Battle of Traders - a contestant with the nickname Inumiko (account No. 175575). He was able to increase his initial deposit of $5,000 almost 133 times! His contest account statement recorded highest profit at the point of $663,199. In addition to the main prize of $1000 the winner received a special prize from NPBFX - the latest iPhone 11 Pro! To achieve this result the trader closed 155 transactions.

Good to note that there are contestants in the top 10 who made only 18 (account No. 169732) and 22 (account No. 170450) trades. The contestant with the nickname jacky700 is in 7th place. Among the winners he closed the maximum number of transactions - 350 trades. And the trader with the nickname CatFoot managed to close 3139 trades! That's the maximum amount of trades for the April Battle of Traders. However, he failed to make it into the top ten.

The contestants with the following nicknames receive money prizes from NPBFX according to the results of April battle: Inumiko, vadtrad, Adryan, Leordo, mahdi, Nouby9, jacky700, Kariki, rsakom, olg.

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NPBFX congratulates the winners and thanks all the traders who took part in the contest! Anyone can try to win the latest iPhone 11 Pro and compete for the prize fund of $ 2500 in May. Each contestant receives $5000 to his or her demo account upon registration in the contest. The main goal is to increase the initial deposit as much as possible, to get profit from 30% and to close at least 10 transactions. The contestant who will take first place and increase the initial deposit 50 times or more will win a super prize - iPhone 11 Pro.

Conquer the Forex tops in the demo contest, set new records, get a real deposit from NPBFX as a reward without risks and your own investments!

Sign up for the Battle of Traders contest