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The Walt Disney Co.: technical analysis 04.09.2023

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving within a corrective trend at 81.00.

On the daily chart, the price is trading within a global downward channel with dynamic boundaries of 87.50–70.00, forming a downward wave.

On the four-hour chart, after consolidation below the previous year’s low of 82.00, the support level of the global channel at 75.00 has become a new target for negative dynamics. Also, the local price gap of 83.70–81.80 cinfirms further decrease.

Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms corrective bars, falling in the sell zone.



Trading tips

Short positions may be opened after the price drops and consolidates below 80.00 with the target at 75.00. Stop loss — 82.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 84.00 with the target at 91.00. Stop loss — 81.00.

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.

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Pfizer Inc.: technical analysis 06.09.2023

Good afternoon, dear forum visitors!

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

Shares of Pfizer Inc., the largest US pharmaceutical company, are correcting at 35.10.

On the daily chart, the price is moving in a global downward channel with dynamic boundaries 36.80–31.50, reversing near the resistance line.

On the four-hour chart, the potential for a new decline could increase significantly if the quotes consolidate below the current local low of 34.50. In this case, the main support will be the year’s low of 33.00, consolidation below which allows the asset to reach its main target near the channel support line of 31.00.

Technical indicators are ready for a reversal: fast EMAs on the Alligator indicator have come close to the signal line, and the AO histogram is forming downward bars near the transition level.



Trading tips

Short positions may be opened after the price drops and consolidates below 34.40 with the target at 31.00. Stop loss – 35.50. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and price consolidation above 36.80 with the target at 40.00. Stop loss — 36.00.

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 Pfizer Inc. and trade efficiently with NPBFX.

eBay Inc.: technical analysis 08.09.2023

Good afternoon, dear forum visitors!

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

Shares of eBay Inc., an American online retailer, are correcting at 43.00.

On the daily chart, the price is below the support line of the ascending corridor with dynamic boundaries 44.50–50.50, preparing for a continuation of the decline.

On the four-hour chart, the key obstacle for the development of the negative dynamics is the low of August 18 at 42.00, after consolidation below which the quotes can reach the support level of 39.40. An upward scenario is possible if the asset returns to the channel and consolidates above 45.20.

Technical indicators gave a sell signal: fast EMAs on the Alligator indicator crossed the signal line downwards, and the AO histogram is forming downward bars in the sell zone.



Trading tips

Short positions may be opened after the price drops and consolidates below 42.00 with the target at 39.40. Stop loss – 43.00. Implementation period: 7 days or more.

Long positions may be opened after the price reverses, rises, and consolidates above 44.00 with the target at 46.40 and stop loss 43.00.

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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 eBay Inc. and trade efficiently with NPBFX.

McDonald’s Corp.: technical analysis 11.09.2023

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on McDonald’s Corp. for a better understanding of the current market situation and more efficient trading.

Shares of McDonald’s Corp., the world’s largest fast food chain, are correcting in the local trend at 279.00.

On the daily chart, the price left the wide sideways corridor of 298.00–279.00 and consolidated below the support line.

On the four-hour chart, the price is retesting the support level of 280.00, after which, a downtrend with the support at last week’s low of 275.00 may develop.

Technical indicators maintain a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the histogram of the AO oscillator forms downward bars, moving away from the transition level.



Trading tips

Short positions may be opened after the price declines and consolidates below 275.00 with the target at 266.00. Stop loss – 280.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 283.00 with the target at 290.00. Stop loss – 280.00.

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 McDonald’s Corp. and trade efficiently with NPBFX.

EUR/USD: in anticipation of the ECB's monetary policy meeting 13.09.2023

Good afternoon, dear forum visitors!

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

Current trend

The EUR/USD pair shows a slight decline, correcting ahead of today's publication of macroeconomic statistics from the United States on inflation dynamics for August. Forecasts suggest an acceleration of the Consumer Price Index from 0.2% to 0.6% on a monthly basis and from 3.2% to 3.6% on an annual basis. This, in turn, could lead to another tightening of monetary policy by the US Federal Reserve this year. In addition, rising inflation increases the risk of a possible recession in the national economy, but so far other data from the United States does not directly indicate this.

Meanwhile, the position of the single currency remains under pressure from statistics from the EU. The day before, market participants drew attention to a sharp decline in the Current Situation Index from the Center for European Economic Research (ZEW) in Germany in September from -71.3 points to -79.4 points, which turned out to be worse than forecasts at -75.0 points, and the indicator of economic sentiment in the eurozone as a whole slowed down from -5.5 points to -8.9 points. Investors are disappointed by forecasts of a slowdown in the region's economy due to continued high inflation. At the same time, a further increase in borrowing costs by the European Central Bank (ECB) could accelerate the development of a recession. This is partly why market expectations for the regulator's meeting, which will take place on Thursday at 14:15 (GMT+2), suggest that the ECB will try to take a wait-and-see approach, leaving the interest rate at 4.25%. According to earlier rhetoric from ECB President Christine Lagarde, officials will be guided by incoming macroeconomic data, focusing on inflation, which was pegged at 5.3% year-on-year in August after 9.9% a month earlier, and Core CPI which does not include food and energy, added 5.3%. Despite the positive trend, the Consumer Price Index is likely to remain above the target level of 2.0% for a long time.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range expands from above, indicating a gradual change in the direction of trading in the short/ultra-short term. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic shows similar dynamics; however, the indicator line is approaching its highs, indicating the risks of the single currency being overbought in the ultra-short term.

Resistance levels: 1.0765, 1.0800, 1.0850, 1.0890.
Support levels: 1.0700, 1.0654, 1.0600, 1.0550.




Trading tips

Long positions can be opened after a breakout of 1.0765 with the target of 1.0850. Stop-loss — 1.0710. Implementation time: 2-3 days.

A rebound from 1.0765 as from resistance, followed by a breakdown of 1.0700 may become a signal for opening of new short positions with the target at 1.0600. Stop-loss — 1.0765.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

Johnson & Johnson: technical analysis 15.09.2023

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

Shares of Johnson & Johnson, one of the world’s leading retail holdings, are corrected at 163.46.

On the daily chart, the price is moving in the global trend and is now heading upwards, trying to reach the resistance line of the Expanding formation pattern with dynamic boundaries of 177.00–157.00.

On the four-hour chart, it can be seen that the quotes have formed a dynamic upward impulse, confidently moving away from the pattern support line of 157.00, and continue to grow. It can be assumed that the nearest resistance, which is the local high of 166.00, will be reached soon, after which the movement may continue to higher levels.

Technical indicators have weakened the sell signal: the EMA fluctuation range on the Alligator indicator is actively narrowing, and the AO histogram is forming ascending bars in the sales zone.



Trading tips

Long positions may be opened after the price rises and consolidates above 166.00 with the target at 172.00. Stop loss – 163.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, decline and consolidation of the price below 161.00 with the target at 154.00. Stop loss – 165.00.

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 Johnson & Johnson and trade efficiently with NPBFX.

Alphabet Inc.: technical analysis 18.09.2023

Good afternoon, dear forum visitors!

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

Shares of the American holding Alphabet Inc. are moving within a global corrective trend around 138.00.

An ascending channel with dynamic boundaries of 124.00–148.00 is forming on the daily chart, within which the price is heading toward the resistance line.

On a four-hour chart last week quotes consolidated above the local high of 138.00, which confirms the possibility of continued growth. A decline and consolidation below the support level of 135.00 will allow the asset to reach 126.00.

Technical indicators hold a buy signal: fast EMAs on the Alligator indicator move away from the signal line, actively expanding the range of fluctuations, and the AO histogram forms upward bars above the transition level.



Trading tips

Long positions may be opened after the price rises and consolidates above 140.00 with the target at 148.00. Stop loss – 137.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, decline, and consolidation of the price below 135.00 with the target at 127.00. Stop loss – 138.00.

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 Alphabet Inc. and trade efficiently with NPBFX.

Microsoft Corp.: technical analysis 22.09.2023

Good afternoon, dear forum visitors!

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

Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are moving in a corrective trend at 319.00.

On the daily chart, the price remains below the support line of the global ascending corridor with dynamic boundaries of 360.00–314.00.

On the four-hour chart, the key support level is the low of August 18 at 314.00, consolidation below which will allow the quotes to reach 300.00. If the asset returns to the channel and overcomes 327.00, an increase to the June high of 350.00 is possible.

Technical indicators have issued a sell signal: the EMA fluctuation range on the Alligator indicator is expanding downward, and the AO histogram is forming corrective bars in the sales zone.



Trading tips

Short positions may be opened after the price declines and consolidates below 314.00 with the target at 295.00. Stop loss – 320.00. Implementation period: 7 days or more.

Long positions may be opened after a reversal, growth, and consolidation of the price above 327.00 with the target at 350.00. Stop loss – 320.00.

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 Microsoft Corp. and trade efficiently with NPBFX.

USD/JPY: the American dollar reaches new record highs 25.09.2023

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the USD/JPY pair is growing slightly, consolidating near 148.40 and record highs from November 2022.

The American currency is strengthening after the publication of macroeconomic statistics on Friday: the US September manufacturing PMI rose from 47.9 points to 48.9 points, better than expected at 48.0 points, and services PMI decreased from 50.5 points to 50.2 points, worse than expectations of 50.6 points but remained above the psychological mark of 50.0 points.

The yen was under pressure by the results of the Bank of Japan’s monetary policy meeting: the interest rate, as expected, remained at –0.1%, but investors were counting on the appearance of “hawkish” comments from officials. Contrary to forecasts, Bank of Japan Governor Kazuo Ueda noted that the timing of achieving the inflation target of 2.0% remains uncertain, and therefore, the current “dovish” rhetoric will continue.

Macroeconomic data from Japan on Friday reflected a correction in the national consumer price index for August from 3.3% to 3.2%, and excluding food and energy prices, the indicator remained at 4.3%. September manufacturing PMI from Jibun Bank fell from 49.6 points to 48.6 points, while analysts expected an increase to 49.9 points.

Support and resistance

On the daily chart, Bollinger bands reverse horizontally: the price range slightly expands from above, letting the “bulls” renew local highs. The MACD indicator is growing, maintaining a poor buy signal (the histogram is above the signal line). Stochastic maintains a downward direction, retreating from its highs, signaled that the US dollar might become overbought in the ultra-short term.

Resistance levels: 148.47, 149.00, 150.00, 151.00.
Support levels: 148.00, 147.36, 146.62, 146.00.





Trading tips

Long positions may be opened after a breakout of 148.47 with the target at 150.00. Stop loss – 147.80. Implementation time: 2–3 days.

Short positions may be opened after a rebound from 148.47 and a breakdown of 148.00 with the target at 146.62. Stop loss – 148.75.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

XAU/USD: gold prices are developing a downward trend in the short term 27.09.2023

Good afternoon, dear forum visitors!

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

Current trend

The XAU/USD pair is showing a slight decline, extending the short-term downward trend formed last week when the instrument retreated from local highs from September 1. At the moment, quotes are testing 1900.00 for a breakdown, updating local lows from August 22 amid expectations of further tightening of monetary policy by the US Federal Reserve. Thus, last week, representatives of the regulator spoke in favor of continuing to increase the interest rate, taking into account the fact that the economic situation in the country will remain fairly stable. At the beginning of the week, Minneapolis Federal Reserve Bank (FRB) President Neel Kashkari also admitted the possibility of another 25 basis point increase before the end of this year, which led to an increase in the yield on 10-year US Treasury bonds to 4.566%.

Earlier, the World Gold Council's August report recorded a positive trend in the first half of the year, supported by robust demand for jewelry. Thus, purchases of bars and coins by central banks increased by 6.0% year-on-year to 277.0 tons in the second quarter and a total of 582.0 tons in the first half of the year, thanks to positive dynamics in key markets, including the United States and Turkey. Gold ETF outflows of 21.0 tons in the second quarter were notably lower than the 47.0 tons in the same period last year, resulting in a net figure of 50.0 tons in the first half of the year. In addition, according to July data, the People's Bank of China and the National Bank of Poland purchased 23.0 tons each, and the Central Bank of the Republic of Türkiye purchased 17.0 tons.

Meanwhile, the US dollar is also in demand amid uncertainty surrounding the adoption of the US budget for the next fiscal year. Despite the fact that preliminary agreements were previously reached between President Joe Biden and Speaker of the US House of Representatives Kevin McCarthy, there is currently no talk of any unity. Analysts also note that the issue of approval of the document is complicated by the election campaign.

Macroeconomic statistics published on Tuesday also put pressure on the US currency: New Homes Sales in August showed a sharp decline of 8.7% after an increase of 4.4% in the previous month, and in absolute terms the figure amounted to 0.675 million homes, which is significantly below the previous value at 0.714 million.

Support and resistance

Bollinger Bands on the daily chart show a moderate decline: the price range is expanding, but is currently unable to keep up with the surge in “bearish” activity. MACD is declining, maintaining a strong sell signal (the histogram is located below the signal line). Stochastic maintains a confident downward direction, but is located in close proximity to its lows, indicating the risks of the instrument being oversold in the near future.

Resistance levels: 1900.00, 1907.40, 1915.00, 1923.06.
Support levels: 1892.75, 1880.00, 1869.49, 1850.27.





Trading tips

Short positions can be opened after a confident breakdown of the level of 1892.75 with a target of 1880.00. Stop loss — 1900.00. Implementation time: 1-2 days.

A rebound from the support level of 1892.75 with a subsequent breakout of the level of 1900.00 may become a signal to open new long positions with a target of 1915.00. Stop loss — 1892.75.

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

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

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

AUD/USD: the Australian dollar is regaining ground lost at the beginning of the week 29.09.2023

Good afternoon, dear forum visitors!

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

Current trend

The AUD/USD pair is showing noticeable growth, leveling out the "bearish" start to the current week. The instrument is testing 0.6460 for a breakout, updating local highs from September 22.

Quotes are supported by technical factors, while the macroeconomic background from Australia remains predominantly negative. Thus, data published yesterday indicated a slowdown in Retail Sales dynamics from 0.5% to 0.2%, which was lower than forecasts for a decline to 0.3%, and statistics presented today reflected a reduction in Private Sector Credit in August from 5.3% to 5.1%, while in monthly terms the figure adjusted from 0.3% to 0.4%, exceeding neutral forecasts.

The Reserve Bank of Australia (RBA) meeting on October 3, chaired for the first time by new Governor Michele Bullock, is expected to keep interest rates at 4.10% for the fourth month in a row. Analysts believe that incoming mixed macroeconomic data suggests that inflation will tend to the target range of 2.0-3.0% in 2024, and this will be an additional argument for continuing the pause in the regulator’s "hawkish" cycle.

Meanwhile, US macroeconomic statistics released yesterday supported markets by showing slower growth in Jobless Claims. For the week ended September 22, the number of Initial Jobless Claims increased from 202.0 thousand to 204.0 thousand, while analysts expected 215.0 thousand, and Continuing Jobless Claims went up from 1.658 million to 1.670 million, which also turned out to be lower than expectations at 1.675 million. At the same time, investors drew attention to a sharp decrease in the number of Pending Home Sales in August by 7.1% after an increase of 0.9% in the previous month with a forecast of -0.8%, and the figure in annual terms decreased by 18.3 % after -14.0%.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is almost constant, remaining rather spacious for the current level of activity in the market. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics, quickly approaching its highs, indicating the increasing risks of overbought Australian dollar in the ultra-short term.

Resistance levels: 0.6472, 0.6500, 0.6521, 0.6550.
Support levels: 0.6450, 0.6425, 0.6400, 0.6379.




Trading tips

Long positions can be opened after a breakout of 0.6472 with the target of 0.6521. Stop-loss — 0.6450. Implementation time: 1-2 days.

A rebound from 0.6472 as from resistance, followed by a breakdown of 0.6450 may become a signal for opening of new short positions with the target at 0.6400. Stop-loss — 0.6472.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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

XAU/USD: gold prices update March lows, holding at 1840.00 02.10.2023

Good afternoon, dear forum visitors!

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

Current trend

The XAU/USD pair is developing downward dynamics, updating record lows of March 10 near 1840.00. Last week, the instrument showed its strongest decline over the past few months, which was the market’s reaction to external factors.

In addition to technical reasons, pressure on gold is increasing with rising US Treasury yields. Investors are reacting to the "hawkish" rhetoric of global central banks, in particular the US Federal Reserve, expecting that the policy of high interest rates may continue this year. At the same time, it is worth noting that the American regulator is close to the projected ceiling on borrowing costs. Analytics are expecting another 25 basis point adjustment before the end of the year, after which it will be held at high restrictive levels for an extended period. Against this background, investors are redirecting their capital from gold to US Treasury bonds, the yield of which is updating multi-year highs: last Wednesday, the rate on ten-year securities for the first time since the fall of 2007 was kept at around 4.615%, having added more than 50 basis points since the beginning of the month.

The focus of investors' attention today will be September business activity statistics from the Institute for Supply Management (ISM) and S&P Global. Forecasts suggest a moderate increase in the ISM Manufacturing PMI from 47.6 points to 47.9 points, while the S&P Global PMI is expected to remain unchanged at 48.9 points. At the end of the week, the September labor market report will be presented, which could significantly influence the future rhetoric of the US Federal Reserve. Currently, analysts predict a decline in the Unemployment Rate in September from 3.8% to 3.7%, and the Nonfarm Payrolls are expected to be 158.0 thousand, which is noticeably lower than the 187.0 thousand recorded in the previous month.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is expanding but it fails to conform to the surge of "bearish" activity at the moment. MACD grows, preserving a stable buy signal (located below the signal line). Stochastic, having reached its lows, reversed into the horizontal plane, indicating risks of oversold instrument in the ultra-short term.

Resistance levels: 1850.27, 1857.49, 1869.49, 1880.00.
Support levels: 1840.00, 1828.22, 1815.00, 1800.00.





Trading tips

Short positions may be opened after a breakdown of 1840.00 with the target at 1815.00. Stop-loss — 1850.27. Implementation time: 1-2 days.

A rebound from 1840.00 as from support followed by a breakout of 1850.27 may become a signal for opening new long positions with the target at 1869.49. Stop-loss — 1840.00.

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

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

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

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

USD/CHF: inflation in Switzerland dropped to 0.1% in September 04.10.2023

Good afternoon, dear forum visitors!

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

Current trend

During the Asian session, the USD/CHF pair shows ambiguous trading dynamics, consolidating near the 0.9215 and the highs of the end of March. Market volatility has noticeably decreased as investors expect the emergence of new drivers for the movement of the trading instrument.

On Thursday, American service PMI in September will be published: a slight reduction in the index from 54.5 points to 53.6 points is predicted, while a similar indicator from S&P Global will remain at 50.2 points. In addition, a report from Automatic Data Processing (ADP) on employment in the private sector, according to expert calculations, will reflect a slowdown in nonfarm payrolls from 177.0K to 153.0K.

Pressure on the franc’s position comes from Swiss inflation statistics released on Tuesday: in September, the consumer price index rose from 1.6% to 1.7%, while analysts expected it to reach 1.8%. The indicator adjusted by –0.1% MoM after 0.2% earlier, which is worse than forecasts that assumed zero dynamics. Against this background, the Swiss National Bank may abandon further tightening of monetary policy and move to lower interest rates faster.

Support and resistance

On the daily chart, Bollinger Bands are steadily growing: the price range is expanding from above, letting the bulls renew the highs. The MACD indicator reversed upwards, generating a buy signal (the histogram is above the signal line). Stochastic, having interrupted the corrective decline, began to rise: it does not contradict the further development of corrective dynamics but indicates that the American dollar may become overbought in the ultra-short term.

Resistance levels: 0.9224, 0.9250, 0.9300, 0.9350.
Support levels: 0.9200, 0.9175, 0.9150, 0.9100.





Trading tips

Long positions may be opened after a breakout of 0.9224 with the target at 0.9300. Stop loss – 0.9180. Implementation time: 2–3 days.

Short positions may be opened after a rebound from 0.9224 and a breakdown of 0.9175 with the target at 0.9100. Stop loss – 0.9224.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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EUR/USD: the sharp rise in 10-year government bonds became an argument for continuing the pause in the ECB's "hawkish" policy 06.10.2023

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

Current trend

The EUR/USD pair shows ambiguous trading dynamics, holding near 1.0540. The euro ended the last two trading sessions with moderate gains, allowing the instrument to retreat from record lows set in December 2022.

The reason for the emergence of correctional dynamics was the expectation of the publication of the September report on the labor market in the United States, which will take place today. At the moment, analysts predict a slight slowdown in the dynamics of creating new jobs outside the agricultural sector from 187.0 thousand to 170.0 thousand. Average Hourly Earnings in September could rise from 0.2% to 0.3%, while the annual rate is likely to remain unchanged at 4.3% and the Unemployment Rate may correct from 3.8% to 3.7%. At the same time, trading participants have information from the Automatic Data Processing (ADP) company presented on Wednesday: in September, the Employment Change slowed down from 180.0 thousand to 89.0 thousand, which turned out to be significantly worse than the 153.0 thousand expected by experts.

More confident growth of the single currency was hampered by statistics on foreign trade in Germany, published the day before: Export volumes in August fell by 1.2% after -1.9% in the previous month, while analysts expected -0.4%, and Imports fell by 0.4% after -1.3% with a forecast of growth of 0.5%. Against this background, the country's Trade Surplus decreased from 17.7 billion euros to 16.6 billion euros, which turned out to be better than expectations of 15.0 billion euros.

Bank of France Governor François Villeroy de Galhau said arguments against further increases in borrowing costs had strengthened following a sharp rise in long-term bond yields, with Germany's 10-year bond rate at 2.860%, Ireland's at 3.320% and the UK's at 4.530%. Meanwhile, the President of the German Bundesbank, Joachim Nagel, noted that inflation in the eurozone is declining, but the pace of its reduction is insufficient. The Consumer Price Index could approach 3.0% by the end of this year but is likely to remain flat over the next year before progress towards the European Central Bank's (ECB) target of 2.0% resumes, he said. Until this time, the regulator is forced to maintain a "hawkish" monetary policy.

Support and resistance

Bollinger Bands in D1 chart demonstrate a moderate decrease. The price range is narrowing, reflecting a change of trend in the ultra-short term. MACD has reversed to growth having formed a new buy signal (located above the signal line). Stochastic is showing similar dynamics being located in the middle of its area.

Resistance levels: 1.0550, 1.0600, 1.0630, 1.0660.
Support levels: 1.0500, 1.0450, 1.0400, 1.0350.





Trading tips

Long positions can be opened after a breakout of 1.0550 with the target of 1.0660. Stop-loss — 1.0500. Implementation time: 2-3 days.

A rebound from 1.0550 as from resistance, followed by a breakdown of 1.0500 may become a signal for opening of new short positions with the target at 1.0400. Stop-loss — 1.0550.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

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GBP/USD: the pound develops corrective growth 09.10.2023

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

Current trend

The GBP/USD pair is holding near 1.2200 amid the bank holidays in the US and Canadian markets. At the same time, trading participants continue to evaluate the September report on the American labor market, published on Friday, trying to predict the vector of the future monetary policy of the US Federal Reserve.

In September, the American economy managed to create 336.0 thousand new jobs, which turned out to be significantly better than forecasts of 170.0 thousand, while in the previous month the figure was 227.0 thousand. At the same time, the Unemployment Rate remained at 3.8%, while analysts expected 3.7%, and the Average Hourly Earnings added 0.2% in monthly terms and 4.2% in annual terms, which also turned out to be worse than the expected levels of 0.3% and 4.3%, respectively. After the publication of such heterogeneous data, the market revised its forecasts for a further increase in borrowing costs by the American regulator until the end of this year. Now about 42.0% of analysts are in favor of adjusting the interest rate by 25 basis points, while on Thursday the probability of such an outcome was estimated at 35.0%. At the same time, experts also expect that in 2024 the Fed will launch a rate reduction program somewhat later.

In turn, macroeconomic data from the UK, presented on Friday, had virtually no impact on the dynamics of the instrument. The Halifax Housing Price Index in September decreased by 0.4% after -1.8% a month earlier with a forecast of -0.8%, and in quarterly terms the indicator decreased by 4.7% after -4.5%.

Support and resistance

Bollinger Bands on the daily chart show a steady decline. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD grows, preserving a stable buy signal (located above the signal line). Stochastic is showing similar dynamics; however, the indicator line is already approaching its highs, indicating the risks of an overbought pound in the ultra-short term.

Resistance levels: 1.2240, 1.2300, 1.2350, 1.2400.
Support levels: 1.2200, 1.2150, 1.2106, 1.2036.





Trading tips

Short positions may be opened after a breakdown of 1.2200 with the target at 1.2106. Stop-loss — 1.2240. Implementation time: 1-2 days.

A rebound from 1.2200 as from support followed by a breakout of 1.2240 may become a signal for opening new long positions with the target at 1.2350. Stop-loss — 1.2200.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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Cisco Systems Inc.: technical analysis 11.10.2023

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NPBFX offers the latest release of analytics on Cisco Systems Inc. for a better understanding of the current market situation and more efficient trading.

Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 53.60.

On the daily chart, the price remains below the support line of the global ascending channel with dynamic boundaries of 54.50–57.60.

On the four-hour chart, it is clear that the growth potential remains since the recent price gap between 55.20–53.20 has not been worked out, however, the main markers indicate that the global decline will continue soon, for which the quotes need to consolidate below the local low at 52.40.

Technical indicators maintain a stable sell signal: fast EMA on the Alligator indicator are significantly below the signal line, and the AO histogram forms corrective bars in the sell zone.



Trading tips

Short positions may be opened after a reversal, decline, and consolidation of the price below 52.40 with the target at 50.00. Stop loss – 53.20. Implementation period: 7 days or more.

Long positions may be opened after the price rises and consolidates above 54.30 with the target at 56.20. Stop loss – 53.20.

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The Walt Disney Co.: technical analysis 13.10.2023

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NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are trading within a corrective trend at 84.00.

On the daily chart, the price is moving in a global downward channel with dynamic boundaries of 86.00–78.00, forming a growth wave.

On the four-hour chart, after reaching the previous local high of 85.00, the quotes slowed and are gaining trading volumes to test the resistance level of the global channel of 86.00.

Technical indicators reversed and gave a buy signal: fast EMA on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars, rising in the buy zone.



Trading tips

Long positions may be opened after a reversal, growth, and consolidation of the price above 86.00 with the target at 90.50. Stop loss – 84.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 82.20 with the target at 78.50. Stop loss – 84.00.

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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.

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USD/JPY: American dollar consolidates near record highs 16.10.2023

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

Current trend

The USD/JPY pair shows mixed dynamics, consolidating near 149.40. The instrument is again retreating from the psychological level of 150.00, although at the end of last week it failed to begin testing it.

In addition to technical factors, weak macroeconomic statistics put pressure on the position of the American currency. The October Consumer Confidence Index from the University of Michigan showed a decline from 68.1 points to 63.0 points, while analysts had expected 67.4 points. In addition, investors are afraid of quotes consolidating above the level of 150.00, expecting intervention from the Bank of Japan. Last year, the regulator took similar actions, which ultimately allowed the yen to recover, but for now the Bank of Japan maintains a wait-and-see attitude.

Macroeconomic data from Japan, published today, failed to support the national currency. Industrial Production volumes in August decreased by 0.7%, while experts expected the dynamics to remain at zero, and in annual terms the indicator accelerated the decline from -3.8% to -4.4%. At the same time, Capacity Utilization increased by 0.5% after -2.2% in the previous month.

Support and resistance

In the D1 chart, Bollinger Bands are reversing horizontally. The price range is almost constant, remaining rather spacious for the current level of activity in the market. MACD is growing preserving a weak buy signal (located above the signal line). Stochastic, having approached the level of "90", reversed into the horizontal plane indicating risks of the overbought US dollar in the ultra-short term.

Resistance levels: 149.69, 150.00, 150.50, 151.00.
Support levels: 149.30, 149.00, 148.47, 148.00.





Trading tips

Short positions may be opened after a breakdown of 149.30 with the target at 148.47. Stop-loss — 149.69. Implementation time: 1-2 days.

A rebound from 149.30 as from support followed by a breakout of 149.69 may become a signal for opening new long positions with the target at 150.50. Stop-loss — 149.30.

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 in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

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

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USD/CAD: the instrument develops ambiguous trading dynamics 18.10.2023

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

Current trend

The USD/CAD pair is showing a moderate decline, taking a lead from the "bullish" dynamics of Tuesday, when the instrument briefly updated local highs from October 6.

The reason for the emergence of active growth the day before was the publication of inflation data in Canada: Consumer Price Index in September fell by 0.1% after growing by 0.4% a month earlier, while analysts expected an increase of 0.1%, and in annual terms the indicator adjusted from 4.0% to 3.8%. In turn, Core CPI slowed down from 3.3% to 2.8%. Further weakening of price pressures reduces the prospects for an increase in borrowing costs from the Bank of Canada until the end of this year.

The US dollar receives support from macroeconomic statistics presented the day before. Thus, Retail Sales volumes in September added 0.7% after an increase of 0.8% in the previous month with a forecast of 0.3%, and Retail Sales excluding Autos slowed down from 0.9% to 0.6% with expectations at 0.2%. Industrial Production increased by 0.3%, while experts expected zero dynamics. A month earlier, the indicator was also revised from 0.4% to 0.0%.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is falling, keeping a relatively strong sell signal (the histogram is below the signal line). Stochastic reversed downwards after quite active growth last week and is currently located approximately in the center of its working area.

Resistance levels: 1.3650, 1.3700, 1.3750, 1.3800.
Support levels: 1.3600, 1.3550, 1.3500, 1.3450.





Trading tips

Short positions may be opened after a breakdown of 1.3600 with the target at 1.3500. Stop-loss — 1.3650. Implementation time: 2-3 days.

A rebound from 1.3600 as from support followed by a breakout of 1.3650 may become a signal for opening new long positions with the target at 1.3750. Stop-loss — 1.3600.

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/CAD and trade efficiently with NPBFX.