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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


        • XAU/USD: wave analysis 25.04.2018

          Good afternoon, dear forum visitors!

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

          Current trend

          The price can decrease.

          On the daily chart, the upward correction has formed as a wave (B) of the higher level. Now the development of the wave (C) has begun, within which the first wave of the lower level i of 1 has formed as a wedge, and the correction ii of 1 has ended. If the assumption is correct, the price will fall to the levels of 1233.90–1203.08 within the wave iii of 1. The level of 1367.45 is critical for this scenario.





          Main scenario

          Short positions will become relevant during the correction, below the level of 1367.45 with the targets at 1233.90–1203.08.

          Alternative scenario

          The breakout and the consolidation of the price above the level of 1367.45 will let the price grow to the level of 1485.16.

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

          How can a trader determine if it’s worth buying or selling gold 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.

          Comment


          • NZD/USD: New Zealand dollar remains under pressure 02.05.2018

            Good afternoon, dear forum visitors!

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

            Current trend

            NZD lost to USD on Tuesday, noting a new local minimum since December 20, 2017. The reason for the continuation of sales was a fairly calm macroeconomic background, as well as investors' expectation of the Fed meeting on interest rate.

            Today, the pair shows an upward trend caused by the publication of moderately upbeat macroeconomic statistics from New Zealand. The level of employment in the country in Q1 2018 increased by 0.6% QoQ, after an increase of 0.4% QoQ and a similar forecast. The unemployment rate for the same period fell from 4.5% QoQ to 4.4% QoQ, which also turned out to be better than the experts' expectations.

            Support and resistance

            Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is almost constant, but it remains rather spacious for the current level of activity in the market.

            MACD is reversing upwards preserving a sell signal (histogram being located below the signal line).

            Stochastic demonstrates a similar dynamics, trying to reverse upwards near its minimum levels.

            It is necessary to wait for the final formation of "bullish" signals from technical indicators to open correctional positions.

            Resistance levels: 0.7036, 0.7053, 0.7090, 0.7110.

            Support levels: 0.7000, 0.6975, 0.6952.





            Trading tips

            To open long positions, one can rely on the rebound from the support level of 0.7000, with the subsequent breakout of the 0.7036 mark. Take-profit — 0.7090 or 0.7110. Implementation period: 2-3 days.

            A confident breakdown of the level of 0.7000 may be a signal to further sales with targets at 0.6950 or 0.6920, 0.6900 marks. Stop-loss — 0.7050. Implementation period: 2-3 days.

            Use more opportunities of the NPBFX analytical portal: trading signals

            Make right trade decisions on sell or buy NZD/USD and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

            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.

            Comment


            • GBP/USD: the pair consolidates 04.05.2018

              Good afternoon, dear forum visitors!

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

              Current trend

              The British pound traded in mixed directions against the US dollar at the close of trading on Thursday, closing with a minimal "bullish" advantage. The reason for this ambiguous dynamics was the contradictory macroeconomic publications from the US and the UK.

              Statistics from the UK continue disappointing. This time round, it was the Markit Services PMI that showed weak reading. In April, the index came out at 52.8 points, below the expectations of 53.5 points. The chances of an interest rate increase by the Bank of England this month, therefore, keep fading away.

              The US statistics impressed with a more moderate increase in the number of initial jobless claims (from 209K to 211K with a forecast of 225K), but disappointed with the nonfarm productivity in Q1 2018 and non-manufacturing PMI for April.

              Support and resistance

              Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is narrowing, reflecting the propensity of the instrument to corrective dynamics.

              MACD is going down preserving a moderate sell signal (histogram is located below the signal line).

              Stochastic has long been near its minimum levels, signaling the oversold GBP in the short and medium term.

              At the moment it is necessary to wait for the appearance of clear trade signals for corrective growth.

              Resistance levels: 1.3600, 1.3650, 1.3710, 1.3796.

              Support levels: 1.3530, 1.3500, 1.3420.





              Trading tips

              To open long positions, one can rely on the rebound from the support level of 1.3535, with the subsequent breakout of the 1.3600 or 1.3650 marks. Take-profit — 1.3750 or 1.3800. Stop-loss — 1.3550. Implementation period: 2-3 days.

              A confident breakdown of the level of 1.3535–1.3500 may be a signal to further sales with targets at 1.3420 or 1.3400 marks. Stop-loss — 1.3550 or 1.3585. Implementation period: 2 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 GBP/USD and trade efficiently with NPBFX.

              Comment


              • USD/CAD: wave analysis 08.05.2018

                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

                The correction has ended, the pair can grow.

                On the 4-hour chart, the upward trend is developing within the third wave of the higher level 3. Now the third wave of the lower level iii of 3 is forming, within which a momentum has formed as a wave (i) of iii, and the development of the local correction as a wave (ii) of iii has ended. If the assumption is correct, the pair will grow to the level of 1.3126. The level of 1.2802 is critical and stop-loss for this scenario.





                Main scenario

                Long positions will become relevant above the level of 1.2802 with the target at 1.3126. Implementation period: 5–7 days.

                Alternative scenario

                The breakdown and the consolidation of the price below the level of 1.2802 will let the pair go down to the level of 1.2667.

                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


                • EUR/USD: wave analysis 10.05.2018

                  Good afternoon, dear forum visitors!

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

                  Current trend

                  The pair can grow within the correction.

                  On the 4-hour chart, the downward correction of the higher level is forming as a wave (2), within which the wave A of (2) is developing. Now the third wave of the lower level iii of A is forming, within which the wave (iii) of iii has ended. If the assumption is correct, the pair will grow to the levels of 1.1962–1.2048. The level of 1.1820 is critical and stop-loss for this scenario.





                  Main scenario

                  Long positions will become relevant above the level of 1.1820 with the targets at 1.1962–1.2048. Implementation period: 3–5 days.

                  Alternative scenario

                  The breakdown and the consolidation of the price below the level of 1.1820 will let the pair go down to the level of 1.1700.

                  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.

                  Comment


                  • USD/CHF: wave analysis 14.05.2018

                    Good afternoon, dear forum visitors!

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

                    Current trend

                    The price is in correction and can grow.

                    On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the third wave of the lower level iii of 1 is forming, within which the local correction (iv) of iii is ending. If the assumption is correct, the pair will grow to the levels of 1.0137–1.0190. The level of 0.9933 is critical and stop-loss for this scenario.





                    Main scenario

                    Long positions will become relevant above the level of 0.9933 with the targets at 1.0137–1.0190. Implementation period: 3–5 days.

                    Alternative scenario

                    The breakdown and the consolidation of the price below the level of 0.9933 will let the pair go down to the levels of 0.9860–0.9798.

                    Use more opportunities of the NPBFX analytical portal: trading signals

                    Make right trade decisions on sell or buy USD/CHF and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal.

                    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.

                    Comment


                    • XAU/USD: wave analysis 16.05.2018

                      Good afternoon, dear forum visitors!

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

                      Current trend

                      The price can fall.

                      On the daily chart, the wave (C) of the higher level is developing, within which the first wave 1 of (C) is forming. Now the third wave of the lower level iii of 1 is developing. If the assumption is correct, the price will fall to the levels of 1233.90–1203.08. The level of 1325.63 is critical and stop-loss for this scenario.





                      Main scenario

                      Short positions will become relevant during the correction, below the level of 1325.63 with the targets at 1233.90–1203.08. Implementation period: 7–10 days.

                      Alternative scenario

                      The breakout and the consolidation of the price above the level of 1325.63 will let the price grow to the level of 1365.30.

                      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 XAU/USD and trade efficiently with NPBFX.

                      Comment


                      • USD/JPY: wave analysis 21.05.2018

                        Good afternoon, dear forum visitors!

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

                        Current trend

                        The trend is upward.

                        On the 4-hour chart, the upward momentum is forming as a first wave 1 of (C) of the higher level. Now the third wave of the lower level iii of 1 is developing, within which the development of the wave (v) of iii continues. If the assumption is correct, the pair will grow to the level of 112.07. The level of 110.59 is critical and stop-loss for this scenario.





                        Main scenario

                        Long positions will become relevant during the correction, above the level of 110.59 with the target at 112.07. Implementation period: 5–7 days.

                        Alternative scenario

                        The breakdown and the consolidation of the price below the level of 110.59 will let the pair go down to the levels of 109.13–108.64.

                        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/JPY and trade efficiently with NPBFX.

                        Comment


                        • NZD/USD: New Zealand dollar is falling 23.05.2018

                          Good afternoon, dear forum visitors!

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

                          Current trend

                          NZD fall against the US dollar, balancing the growth of the end of last week when the instrument stepped off the December lows.

                          The investors are still focused on the US-China trade relations. On Tuesday, the concrete steps of the parties to ease tension were revealed. Since July 1, China is going to rapidly reduce import fees on American cars and spare parts. Taxes for cars will be reduced from 25% to 15%, and for spare parts – from 10% to 6%. America, according to The Wall Street Journal, is ready to cancel restrictions on the supply of ZTE smartphones but the company will probably have to change the management structure and pay a number of fines.

                          On Wednesday, investors are waiting for FOMC Minutes release. The report can show the further actions of the regulator. Traders expect if there will be three or four, as the head of the Fed, Jerome Powell, earlier hinted.

                          Support and resistance

                          On the daily chart, Bollinger bands decrease. The price range narrows, reflecting the flat trading in the short term. MACD grows, keeping a weak buy signal (the histogram is above the signal line). The indicator reacts slowly to the “bearish” dynamics. Stochastic reversed downwards, but a correctional fall in the short term is possible.

                          It is better to wait for the clear signal.

                          Resistance levels: 0.6935, 0.6973, 0.7000, 0.7051.

                          Support levels: 0.6880, 0.6850, 0.6800.





                          Trading tips

                          Long positions can be opened after the rebound from the level of 0.6880 and breakout of 0.6900 with the targets at 0.6973 or 0.7000 and stop loss 0.6860.

                          Short positions can be opened after the breakdown of the level of 0.6880 with the targets at 0.6830-0.6800 and stop loss 0.6920.

                          Implementation period: 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.

                          Comment


                          • XAG/USD: silver prices are going down 29.05.2018

                            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 slightly decreased on Monday, continuing the development of the "bearish" trend of last Friday, when the instrument retreated from its two-week highs. Trading activity remained low yesterday, as markets in the US were closed on the occasion of Memorial Day.

                            Investors are waiting for US and EU trade negotiations and US employment market data, which determines Fed’s interest rate greatly. The unemployment rate is expected to stay around 3.9%, as employment statistics will grow from 164K to 185K, which reflects positive trends in the US economy. EU-US trade negotiations are complicated. On June 1, 25% tax on steel and aluminum, supplied to the US from EU, will be implied.

                            Support and resistance

                            Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing from above, reflecting low trading activity of recent days.

                            MACD indicator is extending horizontally near the zero mark, characterizing flat trades in the short and ultra-short term. At the same time, the indicator still keeps a weak sell signal.

                            Stochastic is showing slightly more stable dynamics and is going down quickly locating in the middle of its area.

                            Technical indicators do not contradict the further development of the "bearish" trend in the short or ultra-short term.

                            Resistance levels: 16.44, 16.51, 16.62, 16.74.

                            Support levels: 16.33, 16.20, 16.09, 16.00.





                            Trading tips

                            Long positions may be opened if the instrument rebounds from the level of 16.33 followed by the breakout of 16.44 mark. Take-profit — 16.56 or 16.60, 16.62. Stop-loss — 16.35.

                            A breakdown of the level of 16.33 may be a signal to further sales with targets at 16.20 or 16.15 marks. Stop-loss — 16.43.

                            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 pair is trading flat

                              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

                              On Friday, USD grew against CAD, supported by positive US employment market releases. However, it could not consolidate, and by the end of the session, it returned to the morning levels.

                              Published on Friday, the May data from the US labor market proved to be strong. The number of Nonfarm Payrolls has grown stronger than forecasts from 159K to 223K. The average wage has expectedly increased by 2.7%, and the unemployment rate has dropped to 3.8%. On the one hand, the good state of the labor market helps raise the Fed's interest rate. However, the complication of trade relations with the EU leads to an increase in the uncertainty of the American economy, which means that the regulator may delay the tightening of monetary policy. James Bullard, the head of the FRB of St. Louis, said this on Friday.

                              Support and resistance

                              On the daily chart, Bollinger bands are moderately growing. The price range does not change, remaining quite wide for the current activity level. MACD decreases, keeping a weak sell signal (the histogram is below the signal line). Stochastic, after a few days of decline, reversed upwards, reacting to the "bullish" end of the week.

                              Technical indicators’ readings are controversial, so it is better to wait until the situation is clear.

                              Resistance levels: 1.2947, 1.3000, 1.3045, 1.3100.

                              Support levels: 1.2900, 1.2860, 1.2800, 1.2744.





                              Trading tips

                              Long positions can be opened after the breakout of the level of 1.3000 with the target at 1.3100 and stop loss 1.2947.

                              Short positions can be opened after the breakdown of the level of 1.2900 down with the target at 1.2800 and stop loss 1.2947.

                              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.

                              Comment


                              • EUR/USD: the pair shows mixed trend 06.06.2018

                                Good afternoon, dear forum visitors!

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

                                Current trend

                                Yesterday, EUR traded against USD in a downward direction. Nevertheless, by the end of the afternoon session, EUR managed to win back its losses and enter the green zone.

                                The European currency is under pressure from weak data on Markit services PMI in Eurozone. In May, the indicator fell from 53.9 to 53.8 points. The indicator for Germany remained at the same level of 52.1 points.

                                European investors are still focused on Italy. The government crisis is over – Eurosceptics managed to form a government headed by Giuseppe Conte. Now concrete steps are expected from it, which can significantly complicate relations with the European authorities. Recall that "5 stars" and "League" parties are against the EU budget rules and austerity. The coalition's plans include tax cuts, an increase in government spending, and a refusal to raise the retirement age. According to Bloomberg, the implementation of these plans could cost Italy an additional EUR 126 billion and will certainly lead to an increase in Italian public debt.

                                Support and resistance

                                On the D1 chart, Bollinger Bands are reversing horizontally. The price range is narrowing, reflecting a mixed nature of trading. MACD indicator is growing keeping a stable buy signal (located above the signal line). Stochastic also grows, but approaches its maximum marks, which indicates EUR being overbought in the ultra-short term.

                                Resistance levels: 1.1743, 1.1800, 1.1860, 1.1900.

                                Support levels: 1.1639, 1.1600, 1.1552, 1.1500.





                                Trading tips

                                To open long positions one can rely on the breakout of the level of 1.1743, if "bullish" signals prevail. Take-profit — 1.1860 or 1.1900. Stop-loss – 1.1690.

                                The rebound from resistance level of 1.1743, with the subsequent breakdown of 1.1700 mark, can become a signal to begin correctional sales with targets at 1.1600, 1.1552. Stop-loss — 1.1760.

                                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 EUR/USD and trade efficiently with NPBFX.

                                Comment

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