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  • AUD/USD: US dollar remains under pressure 16.04.2018

    Good afternoon, dear forum visitors!

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

    Current trend

    AUD rose against USD on Friday, noting a new local maximum since March 15. The instrument was supported by good macroeconomic publications from Australia and China.

    By the close of the afternoon session, the instrument lost almost all "bullish" advantage, yielding to the corrective mood of the end of the trading week.

    Investors expect new drivers in the market to emerge. Today, traders will focus on retail sales statistics in the US for March at 14:30 (GMT+2). On Tuesday, investors expect the publication of the RBA meeting minutes and statistics on China's GDP for Q1 2018.

    Support and resistance

    Bollinger Bands in D1 chart show moderate growth. The price range is expanding actively; however, it fails to conform to the development of "bullish" trend at the moment.

    MACD indicator is growing preserving a stable buy signal (the histogram is above the signal line). In addition, the indicator is trying to gain a foothold above the zero mark at the moment.

    Stochastic, reacting to the "bearish" dynamics of the end of last week turned in a downward direction, indicating the overbought of AUD in the short term.
    Technical indicators remain controversial, so it is better to wait for clarification of the situation and the emergence of refined trading signals.

    Resistance levels: 0.7800, 0.7840, 0.7867, 0.7900.

    Support levels: 0.7757, 0.7725, 0.7705, 0.7667.






    Trading tips

    To open long positions, one can rely on the breakout of 1.2312 mark. Take-profit — 1.2382 or 1.2400. Stop-loss – 1.2280. Implementation period: 2-3 days.

    The development of "bearish" trend with the breakdown of the level of 1.2257 may become a signal for further sales with target at 1.2200. Stop-loss — 1.2286, 1.2300. Implementation period: 2 days.

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

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

    In order to get unlimited access to the Weekly FOREX forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

    Comment


    • XAG/USD: the price of silver is rising 19.04.2018

      Good afternoon, dear forum visitors!

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

      Current trend

      Prices for silver rose sharply on Wednesday, updating local highs since February 2, 2018. The reason for the acceleration of the "bullish" trend was in technical factors, as well as the weakness of USD, which remained without support from macroeconomic statistics on Wednesday.

      By the time of the close of the daily trading session, the instrument managed to recoup slightly. Moderate support for the dollar was provided by the publication of the Beige Book, as well as the Fed representatives’ comments, in particular William Dudley. According to the economic review from the regulator, there was a moderate economic growth in 12 regions of the country. There is also a gradual increase in wages, which is a very important indicator for the Fed in choosing the monetary policy vector.

      Support and resistance

      Bollinger Bands in D1 chart show growth. The price range is actively expanding, reacting to a surge in "bullish" sentiment on Wednesday, but does not conform to the dynamics development.

      MACD indicator accelerates, maintaining the previous purchase signal (the histogram is located above the signal line).

      Stochastic is also directed upwards, but is located in close proximity to the maximum mark, which signals in favor of the development of corrective decline at the end of the current trading week.

      One should look at the possibility of developing a "bearish" dynamics in the next two days.

      Resistance levels: 17.17, 17.25, 17.38.

      Support levels: 17.00, 16.92, 16.82, 16.78.





      Trading tips

      To open long positions, one can rely on the breakout of 17.17 mark. Take-profit – 17.30–17.38. Stop-loss — 17.10–17.05. Implementation period: 1-2 days.

      The development of corrective dynamics with the breakdown of the level of 17.00 may become a signal to start sales with targets at 16.82 or 16.78, 16.71. Stop-loss — 17.13. 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 XAG/USD and trade efficiently with NPBFX.

      Comment


      • USD/CAD: the "bulls" hold the advantage 23.04.2018

        Good afternoon, dear forum visitors!

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

        Current trend

        USD showed growth against CAD on Friday, marking a new local maximum since April 9.

        Investors focused on the US administration on Friday. The US Treasury is considering the use of the Emergency Economic Powers Law which, in particular, gives the president the right to block deals and freeze assets. With its help, it is planned to limit Chinese investments in high-tech industries of American industry: investing in high-speed 5G communication may be prohibited.

        Reports on consumer inflation which did not meet the expectations of the market were published in Canada on Friday. The Consumer Price Index in March rose by 0.3% MoM after an increase of 0.6% MoM in February. In annual terms, consumer price growth slowed from +1.5% MoM to +1.4% MoM.

        Support and resistance

        On the D1 chart Bollinger Bands are reversing horisontally. The price range is narrowed from above, reflecting a sharp change in the direction of trading in the short/medium term.

        MACD indicator is growing preserving a stable buy signal (locating above the signal line).

        Stochastic maintains upward direction, but is located in close proximity to its maximum levels, which indicates a strong overbought USD in the short term.

        The technical indicators remain contradictory; therefore it is necessary to wait for clarification of trading signals for planning new transactions.

        Resistance levels: 1.2800, 1.2846, 1.2900, 1.2947, 1.3000.

        Support levels: 1.2744, 1.2700, 1.2622, 1.2540, 1.2500.





        Trading tips

        To open long positions, one can rely on the breakout of 1.2800 mark. Take-profit – 1.2900. Stop-loss – 1.2744. Implementation period: 2-3 days.

        A reverse into the downward plane with a breakdown of 1.2744 or 1.2700 can be a signal for the beginning of corrective sales with targets at 1.2622–1.2600 or 1.2550–1.2540. Stop-loss should be placed no further than 1.2800. Implementation period: 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 USD/CAD and trade efficiently with NPBFX.

        Comment

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