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GBP/USD: the pound is consolidating 17.09.2018

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

On Friday, GBP was corrected downwards after an uncertain upward "rally" with the renewal of local highs since August 1.

The investors are focused on Brexit situation. At the end of the last week, BoE’s head, Mark Carney, warned the cabinet that exit from the EU without a deal could lead to a house prices drop by 25–35% and a significant decrease in transportation with EU. In general, the British economy may suffer damage comparable to one from the 2008 financial crisis. Also, the threat to the British economy was announced by Moody's. According to its analysts, a “divorce” without a deal will lead to higher inflation, lower household incomes and consumer spending, and also cause significant damage to the industry.

At the beginning of the new week, the pound is supported by Rightmove House Price Index. The September indicator increased by 0.7% MoM and 1.2% YoY against the previous values of –2.3% MoM and +1.1% YoY.

Support and resistance

On the daily chart, Bollinger bands are moderately growing. The price range expands from above, letting the "bulls" renew local highs. MACD grows, keeping a weak buy signal (the histogram is above the signal line). Stochastic, approaching its highs, is trying to reverse into a downwards plane, indicating a corrective decline possibility.

A downward trend can develop in the short and/or ultra-short term.

Resistance levels: 1.3100, 1.3139, 1.3169, 1.3211.

Support levels: 1.3050, 1.3000, 1.2960, 1.2894, 1.2850.





Trading tips

Long positions can be opened after a rebound from the level of 1.3050 and breakout of 1.3100 with the targets at 1.3211–1.3235 and stop loss 1.3050–1.3040.

Short positions can be opened after the breakdown of 1.3050 with the target at 1.2900 and stop loss 1.3100–1.3120.

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 GBP/USD and trade efficiently with NPBFX.
 
AUD/USD: Australian dollar grows 19.09.2018

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

Yesterday, AUD significantly strengthened against USD, returning to weekly highs.

On Tuesday, RBA Meeting's Minutes were published, but they did not disclose anything new to investors. It was noted that the world trade tightness creates significant risks for the economy, it was projected that the unemployment rate will decrease to 5.0%, and wages will continue to grow. There are no significant reasons for changing rates.

Today, the instrument is actively growing and renewing highs since August 31. AUD is moderately supported by RBA Assistant Governor Kent Speech and Westpac Leading Index release, which rose by 0.1% MoM in August after 0.0% MoM last month.

Support and resistance

On the daily chart, Bollinger bands reverse horizontally. The price range is actively expanding, but not as fast as the "bullish" mood develops. MACD indicator is growing, keeping a strong buy signal (the histogram is above the signal line). Stochastic is directed upwards but is approaching its highs, which reflects that AUD can become overbought.

It is better to keep existing new long positions and open new ones in the short and/or ultra-short term until the cancellation of "bullish" signals.

Resistance levels: 0.7260, 0.7290, 0.7322, 0.7346.

Support levels: 0.7236, 0.7200, 0.7175, 0.7155.





Trading tips

Long positions can be opened after the breakout of the level of 0.7260 with the targets at 0.7300–0.7322. Stop loss is 0.7230. Implementation period: 1–2 days.

Short positions can be opened after a rebound from the level of 0.7260 and breakdown of the level of 0.7236 to 0.7175 or 0.7155. Stop loss is 0.7260–0.7270. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAU/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 AUD/USD and trade efficiently with NPBFX.
 
EUR/USD: wave analysis 21.09.2018

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.

The pair can grow. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave c of B is forming, within which the wave (iii) of c of the lower level is developing. If the assumption is correct, the pair will grow to the levels of 1.1850–1.1940. In this scenario, critical stop loss level is 1.1650.

Main scenario

Long positions will become relevant during the correction, above the level of 1.1650 with the targets at 1.1850–1.1940. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.1650 will let the pair go down to the levels of 1.1515–1.1463.





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.

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Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.
 
USD/CAD: wave analysis 24.09.2018

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.

The pair can fall.
On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3095.





Main scenario

Short positions will become relevant after the end of the correction, below the level of 1.3095 with the targets at 1.2820–1.2740. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.3095 will let the pair grow to the level of 1.3227.

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.
 
NZD/USD: the pair is trading in both directions 26.09.2018

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.

The pair can fall.
On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3095.





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

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

Use the current recommendations of analysts on NZD/USD and trade efficiently with NPBFX.
 
AUD/USD: wave analysis 28.09.2018

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.

The pair can fall.

On the 4-hour chart, the third wave of the higher level iii of 1 of (5) develops. Now the fifth wave of the lower level (v) of iii is forming, within which the upward correction has ended as a wave iv of (v). If the assumption is correct, the pair will fall to the level of 0.7000. In this scenario, critical stop loss level is 0.7315.





Main scenario

Short positions will become relevant during the correction, below the level of 0.7315 with the target at 0.7000. Implementation period: 5–7 days.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.7315 will let the pair grow to the levels of 0.7383–0.7455.

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.
 
GBP/USD: wave analysis 01.10.2018

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.

The pair is in a correction and can grow.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (iii) of i has formed, and the local correction has ended as a wave (iv) of i. If the assumption is correct, the pair will grow to the levels of 1.3474–1.3615. In this scenario, critical stop loss level is 1.2975.





Main scenario

Long positions will become relevant during the correction, above the level of 1.2975 with the targets at 1.3474–1.3615. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.2975 will let the pair go down to the levels of 1.2782–1.2654.

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

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

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.
 
XAG/USD: silver prices grow 03.10.2018

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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

Yesterday, silver rose, updating the highs since August 28. The instrument was supported by rather harsh statements by the representative of the ruling party of Italy, Claudio Borghi, that most of the problems in the country could be solved by having their own currency. However, at the end of the trading session, the instrument lost most of its gains after the speech of Fed Chairman Jerome Powell, who confirmed the previous policy to a gradual tightening of monetary policy.

A large block of statistics on business activity in Europe and the United States will be published today, as well as a number of speeches by Fed representatives, such as Lael Brainard and Loretta Mester. In addition, traders are waiting for ADP Employment Change release, since on Friday there will be a September report on the US labor market.

Support and resistance

On the daily chart, Bollinger bands are growing moderately. The price range is expanding, but not as fast as the "bullish" trend develops. MACD is growing, maintaining a strong buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic reversed horizontally, reacting to the active instrument correction.

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

Resistance Levels: 14.79, 14.86, 15.00.

Support levels: 14.67, 14.60, 14.51, 14.41, 14.25.





Trading tips

Long positions can be opened after the breakout of the level of 14.79 with the target at 15.00. Stop loss is 14.67. Implementation period: 1–2 days.

Short positions can be opened after the breakdown of the levels of 14.67 or 14.60 with the targets at 14.41–14.35. Stop loss is 14.70–14.80. Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals

Make right trade decisions on sell or buy XAG/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 XAG/USD and trade efficiently with NPBFX.
 
USD/JPY: wave analysis 05.10.2018

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

The trend is upward.
On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the third wave of the lower level iii of 3 is forming, within which of the wave (iii) of iii is developing. If the assumption is correct, the pair will grow to the levels of 115.00–115.50. In this scenario, critical stop loss level is 113.51.





Main scenario

Long positions will become relevant during the correction, above the level of 113.51 with the targets at 115.00–115.50. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 113.51 will let the pair go down to the levels of 112.54–111.75.

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.
 
EUR/USD: the euro is trading in both directions 08.10.2018

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

EUR showed ambiguous dynamics against USD on Friday, interrupting the development of the correctional impulse formed the day before. On Friday, macroeconomic data from Germany provided moderate support for the euro, while a weak report on the US labor market only slightly affected the dynamics of the instrument.

German Producer Price Index in August rose by 0.3% MoM and 3.1% YoY, which turned out to be better than analysts' expectations of +0.2% MoM and +2.9% YoY. Factory Orders in Germany rose by 2.0% MoM and 3.1% YoY in the same period. The experts expected a more modest growth (+0.5% MoM and +2.9% YoY).

Support and resistance

Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range expands from below, making way for new local lows for the "bears". MACD is declining keeping a weak sell signal (located below the signal line). Stochastic, having responded to the growth of the instrument on Thursday, still keeps an uptrend, signaling in favor of the development of corrective growth.

It is necessary to wait for clarification of trading signals, since at the moment the indications remain contradictory.

Resistance levels: 1.1522, 1.1547, 1.1580, 1.1615.

Support levels: 1.1500, 1.1460, 1.1400.





Trading tips

To open long positions, one can rely on the breakout of 1.1547. Take profit — 1.1657 or 1.1700. Stop loss — 1.1500.

The return of "bearish" trend with the breakdown of 1.1500 or 1.1475 may become a signal for new sales with the target at 1.1400. Stop loss — 1.1522 or 1.1547.

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.
 
NZD/USD: New Zealand dollar is correcting 10.10.2018

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 showed a slight increase against USD on Tuesday, continuing the development of corrective dynamics, formed at the beginning of the week. The growth of the instrument is facilitated by technical factors, as USD is once again receiving support from the growth of 10-year Treasury yields to perennial highs.

Today, the instrument is moderately supported by macroeconomic statistics from New Zealand. Electronic Card Retail Sales grew by 1.1% MoM in September, which coincides with the July data and was better than expected (+0.6% MoM). YoY, the indicator grew by 5.7% as opposed to the growth by 6.3% last month.

Support and resistance

Bollinger Bands in D1 chart demonstrate active decrease. The price range is slightly narrowing from above, reflecting the correctional growth in the short term. MACD indicator is growing having formed a new buy signal (located above the signal line). Stochastic is retreating from its minimum levels and indicates corrective growth development in the short and/or ultra-short term.

Development of the "bullish" trend is possible in the near future.

Resistance levels: 0.6500, 0.6529, 0.6543, 0.6564.

Support levels: 0.6481, 0.6460, 0.6423, 0.6400.





Trading tips

To open long positions, one can rely on the breakout of 0.6500. Take profit — 0.6543 or 0.6564. Stop loss — 0.6480 or 0.6460.

The rebound from 0.6500 as from resistance with the subsequent breakdown of 0.6481 can become a signal to return to sales with target at 0.6423 or 0.6400. Stop loss — 0.6515.

Implementation period: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

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

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 withNPBFX.
 
GBP/USD: wave analysis 12.10.2018

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.

The pair can grow.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) begun. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (v) of i is developing. If the assumption is correct, the pair will grow to the levels of 1.3364–1.3474. In this scenario, critical stop loss level is 1.3026.





Main scenario

Long positions will become relevant during the correction, above the level of 1.3026 with the targets at 1.3364–1.3474. Implementation period: 7 days and more.

Alternative scenario

The breakdown and the consolidation of the price below the level of 1.3026 will let the pair go down to the level of 1.2654.

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.
 
AUD/USD: Australian dollar is strengthening 17.10.2018

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 continues growing moderately against USD, updating local highs of October 3. The reason for the development of "bullish" dynamics of the instrument is in technical factors, as well as in the overall decline in risk-taking interest of traders amid worsening US relations with China and Saudi Arabia.

On Tuesday, the RBA meeting minutes were published but they did not disclose anything new to investors. RBA officials noted the acceleration of GDP due to an increase in investment in subsoil use and consumption growth, employment growth, and a decrease in unemployment. The current policy of the regulator will continue to support the Australian economy; there are no convincing arguments for raising interest rates.

Today, the pair is trading in both directions, waiting for new drivers. The published MI Leading Index was worse than analysts' expectations and fell by 0.1% MoM against 0.0% MoM in the previous month.

Support and resistance

Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range is narrowing, reflecting the flat dynamics of trading in the medium term. MACD indicator is growing keeping a stable buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its maximum levels, which reflects the overbought AUD in the ultra-short term.

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

Resistance levels: 0.7150, 0.7175, 0.7200, 0.7234.

Support levels: 0.7130, 0.7100, 0.7068, 0.7039.





Trading tips

To open long positions, one can rely on the breakout of 0.7150. Take profit — 0.7200 or 0.7234. Stop loss — 0.7120 or 0.7110. Implementation period: 1-3 days.

The rebound from 0.7150 as from resistance with the subsequent breakdown of 0.7130 can become a signal to begin correctional sales with target at 0.7068 or 0.7039. Stop loss — 0.7160. 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 AUD/USD and trade efficiently with NPBFX.
 
EUR/USD: euro remains under pressure 19.10.2018

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 fell significantly against USD, renewing its lows since October 10, due to the general strengthening of USD after strict Fed’s statements on further interest rate growth. USD was additionally supported by a sharp decline in the Chinese yuan, which continues today due to poor data on China's Q3 GDP.

EUR is under pressure of uncertain Brexit prospects and the tightening of the situation around the Italian budget for the next year. Yesterday, investors were focused on the summit of EU leaders in Brussels. There were no new proposals to solve the Irish border problem, and an agreement with the UK was not concluded. However, officials are developing a new mechanism to allow the UK to leave the EU as painlessly as possible. The idea is to extend the negotiations on the Irish border for a certain period after the end of the Brexit procedure itself.

Support and resistance

On the daily chart, Bollinger bands are moderately reduced. The price range is narrowing, letting the "bears" renew local lows. MACD is decreasing, keeping a moderate sell signal (the histogram is below the signal line). Stochastic falls, however, is in close proximity to zero values, which reflects that EUR is oversold in the super short term.
It is better to keep current short positions until the situation is clear.

Resistance levels: 1.1460, 1.1500, 1.1522, 1.1547.

Support levels: 1.1430, 1.1400, 1.1352.





Trading tips

Long positions can be opened after a reversal near the current support levels and the breakout of 1.1460–1.1470 with the target of 1.1580 or 1.1600. Stop loss is 1.1430. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of 1.1430 with the target at 1.1352. Stop loss is 1.1460–1.1470. Implementation period: 1–2 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 EUR/USD and trade efficiently with NPBFX.
 
GBP/USD: wave analysis 22.10.2018

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.

The pair can decrease.

On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) has formed, and the local correction is developing as a wave ii of 1, within which the wave (a) of ii is forming. If the assumption is correct, the pair will fall to the level of 1.2907. In this scenario, critical stop loss level is 1.3236.





Main scenario

Short positions will become relevant during the correction, below the level of 1.3236 with the target at 1.2907. Implementation period: 7 days and more.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.3236 will let the pair grow to the level of 1.3510.

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 GBP/USD and trade efficiently with NPBFX.
 
The Financial Commission announced a successful trade execution certification of NPBFX



The Financial Commission announced a successful trade execution certification of NPBFX. The certificate is approved by an independent service Verify My Trade (VMT). NPBFX has successfully passed all the audit procedures required by the service provider and became one of the first VMT certified brokers in the Forex market.

Verify My Trade is a specialized service aimed to check quality of trade execution, analyzing historical trades data on a monthly basis. In addition, it gives an opportunity to see the price difference between broker of interest and other brokers. Also traders can estimate whether the price offered by the broker was profitable comparing to other prices in the market at the moment.

What benefits a VMT broker’s certificate gives to traders/investors?

The Financial Commission partnership with Verify My Trade allows traders and investors to transparently assess the quality of broker’s trade execution. A certified broker admits to provide information of trades execution on a permanent basis to ensure compliance with all the Financial Commission standards.

This means that every current and potential client of NPBFX can check the results of trade execution audit on the Financial Commission website. There you can find NPBFX marked with a special Verify My Trade badge.

NPBFX membership in the Financial Commission and new VMT certificate make an additional protection of funds guarantee for clients. The company intends to continue working on the high quality of trade execution and its reliability. Company clients can use any trading strategies and achieve best results in trading with NPBFX.

NPBFX has received the highest status of A category member in the Financial Commission since 2016, which guarantees payments from the Compensation Fund up to 20’000 US dollars per one client.

Choose only high-quality execution and profitable conditions for STP-trading with NPBFX.
 
Win $1000 and iPhone Xs from NPBFX: hurry up to take part in the Battle of Traders!

Good afternoon, dear forum visitors!



NPBFX is starting a registration for a new contest the Battle of Traders! The contest is held on demo accounts opened in NPBFX. You can show your professional skills in trading, try your luck and make money on the financial market with no risk. If you are confident in your trading strategy, have the spirit of rivalry, and the will to win, so take part in the incredible “Battle of Traders” on fair terms!

The prize fund of the contest is $2500 credited to real account. The winners will be 10 traders managed to maximize their initial deposit during the competition. In addition to cash prizes, there is a special prize - the newest iPhone Xs 64Gb. iPhone Xs will be received by the participant who takes the first place and increases the initial deposit at 50 times.

Prizes to win:

• 1 place - $1000
• 2 place - $500
• 3rd place - $200
• 4th place - $150
• 5th place - $150
• 6 place - $100
• 7th place - $100
• 8 place - $100
• 9th place - $100
• 10 place - $100

Participants can use any trading instruments and strategies (including algorithmic trading) available for trading on demo accounts.

The two obligatory conditions to receive prizes are making profit of at least 30% of the initial deposit and making at least 10 transactions.

Terms of contest: from 1.11.18 to 30.11.18.

How to take part in the Battle of Traders?

To participate in the contest, you need to open a free demo account in NPBFX. You have 0% risks, because 5000 USD will be automatically credited to your contest account.

How to monitor the competition?

You can monitor the progress and results of the contest participants in the Competition monitoring section on the NPBFX website. Today there are already 165 participants registered, so don’t miss your chance to win!

You can register and learn more details about the Battle of Traders contest on the NPBFX website.
 
XAU/USD: technical analysis 29.10.2018

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.

XAU/USD, D1

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above the EMA14, EMA65 that start turning up, and on the level with the EMA130, which is horizontal. The RSI is testing its most recent resistance. The Composite is testing from above its longer MA, having formed a Bearish divergence with the price.



XAU/USD, H4

On the 4-hour chart, the instrument is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is falling, having broken down its longer MA. The Composite is showing similar dynamics.



Key levels

Support levels: 1212.0 (September highs), 1195.0 (local lows), 1182.0 (local lows).

Resistance levels: 1240.0 (local highs), 1246.0 (October 2016 lows), 1262.0 (local highs).

Trading tips

There is a chance of a downward correction, after which the growth will resume.

Pending buy orders can be placed at the level of 1212.0 with targets at 1240.0, 1246.0 and stop-loss at 1195.0. Validity – 3-5 days.

Short positions can be opened from the level of 1182.0 with the target at 1160.0 and stop-loss at 1195.0. Validity – 3-5 days.

Use more opportunities of the NPBFX analytical portal:trading signals. Make right trade decisions on sell or buy XAU 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 XAU/USD and trade efficiently with NPBFX.
 
GBP/USD: the pound remains under pressure 31.10.2018

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

Yesterday, GBP fell against USD and updated lows since August 17.

Presented by Chancellor Philip Hammond on Monday, the 2019 UK draft budget did not impress investors significantly. As expected, it contains some new taxes, including alcohol and tobacco ones. On the other hand, expenses for work benefits and investments in infrastructure and health care should be increased. Next year, the government plans the economy to grow by 1.6% (against the previous value of 1.3%), while the budget deficit is expected to reach 25.5B GBP. In case of the Brexit negative outcome, some budget parameters may be revised in March 2019.

Also, investors are waiting for Thursday’s BoE interest rate decision. Experts agree that the key parameters of the British monetary policy would not be changed. Most likely, the regulator will wait for the development of the Brexit situation.

Support and resistance

On the daily chart, Bollinger bands are steadily declining. The price range is expanding almost as fast as the active “bearish” trend develops in the short term. MACD indicator is falling, keeping a strong sell signal (the histogram is below the signal line). Stochastic is directed downwards but is close to its lows, reflecting that GBP may become oversold.

It is better to keep current short positions until the situation is clear.

Resistance levels: 1.2732, 1.2796, 1.2866, 1.2920, 1.2953.

The levels of support: 1.2693, 1.2659, 1.2634, 1.2600.





Trading tips

Long positions can be opened after a rebound from 1.2693 and the breakout of 1.2732 with the targets at 1.2866 or 1.2920–1.2953. Implementation period: 2–3 days.

Short positions can be opened after the breakdown of the level of 1.2693 with the target of 1.2634 or 1.2600. Stop loss is 1.2732–1.2750. Implementation period: 1–2 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.
 
AUD/USD: general analysis 05.11.2018

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

On Friday, the AUD/USD pair moved horizontally. September Australian Retail Sales release was poorer than market expectations. The indicator fell from 0.3% to 0.2% MoM and from 1.0% to 0.2% QoQ due to insufficient growth in incomes of Australian citizens and a decline in the country's real estate market. USD was supported by the release of positive for the American economy data from the labor market: in October, Nonfarm Payrolls rose from 118K to 250K. Average wages grew from 2.8% to 3.1% YoY. The Unemployment Rate remained the same – 3.7%.

Today, Markit and ISM service PMI releases may affect the pair’s dynamics, moderate volatility is expected on the market.

Support and resistance

On the daily chart, the instrument was corrected to the upper border of Bollinger bands, the price range was expanded, indicating a possible development of the correction. MACD histogram is in the negative area, maintaining a weak signal to open short positions.

Resistance levels: 0.7200, 0.7238, 0.7258, 0.7290, 0.7314, 0.7340, 0.7381.

Support levels: 0.7181, 0.7158, 0.7130, 0.7103, 0.7085, 0.7065, 0.7040, 0.7020.



Trading tips

Long positions can be opened from the level of 0.7200 with the target at 0.7250 and stop loss 0.7170.

Short positions can be opened from the level of 0.7158 with the target at 0.7103 and stop loss 0.7190.

Implementation period: 1–3 days.

Use more opportunities of the NPBFX analytical portal:аnalytics. 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.