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Sunday, November 19, 2017

Daily analysis of major pairs for November 20, 2017

The USD/JPY became clearly bearish last week, with further bearish movement on Friday. This has resulted in a Bearish Confirmation Pattern in the market, and the demand level at 111.50 could be tested. However, there would be a rally before the end of this week, which may threaten the bearish bias.


EUR/USD: This pair went upwards last week, gaining 200 pips and testing the resistance line at 1.1850. Price has retraced a bit, but it could go upwards again to test that resistance line (possibly breaching it to the upside). There are support lines at 1.1700 and 1.1650, which would try to impede any bearish attempts along the way.


USD/CHF: This currency trading instrument dropped this week. It tried to go upwards on Thursday, but it came down again on Friday, thus emphasizing the bearish bias on the market. This week, further bearish movements may enable price to reach the support levels at 0.9850 and 0.9800.  

GBP/USD: The Cable is essentially neutral and that has been going on for about 4 weeks. For the neutrality to end, price would need to go above the distribution territory at 1.3300; or go below the accumulation territory at 1.3050. As long as price hovers between the two aforementioned boundaries, the bias on the market would remain neutral.

USD/JPY: The USD/JPY became clearly bearish last week, with further bearish movement on Friday. This has resulted in a Bearish Confirmation Pattern in the market, and the demand level at 111.50 could be tested. However, there would be a rally before the end of this week, which may threaten the bearish bias.

EUR/JPY: This cross went upwards last week, moving briefly above the supply zone at 133.50. Had price been able to stay above the supply zone, things would have remained bullish. But price moved downwards by 160 pips from the high of last week (133.87), and closed at 132.15. Further bearish movement is possible before price makes a U-turn this week.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, November 18, 2017

Neteller: Why you need to “whitelist” an newsletter/email now

We send occasional automated email messages to our members so that we keep them updated on what is going on as far as our exchange business is concerned.

However, most of these automated messages are wrongly interpreted as spam and they go to spam area/inbox.

This is the reason why most of our customers don’t know the latest events, announcements and promos we offer.



For example:

1.      We are going to announce Black Friday promos to our customers.

2.      We are going to announce our 5 new VIPs on January 2018 (we choose 5 VIPs instead of 2).

3.      We are going to announce an unbelievable cash rewards to all our customers who use Access Bank.

4.      We are going to update our Neteller funding and withdrawal rates, and notify you.

5.      We are going to announce some gifts to our customers, etc.

You cannot be aware of all these important announcements if our newsletters go into your Spam box or you don’t read our email.

HOW NOT TO MISS IMPORANT UPDATES FROM US
(Gmail users) Please go to your Spam inbox and select our newsletters/email messages, and then click on “Not Spam.”

(Yahoo!Mail users) Please select our newsletter/email messages, and then click on “Move,” and then click on “Inbox.”

There are also other ways to “Whitelist’ our messages, if you know them.

Thank you!



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Traders’ Mindset: Traders' Mindset
  


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Weekly Trading Forecasts for Major Pairs (November 20 - 24, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
A bullish signal was generated on this pair last week, as the market gained 200 pips, to test the resistance line at 1.1850. After that, price began to experience some bearish correction, which made it close below the resistance line at 1.1800 on Friday. The bullish signal in the market remains valid, and it cannot be invalidated unless the market goes down by 200 pips from here. This week, the resistance lines at 1.1800, 1.1850 and 1.1900 could be reached.  

USDCHF
Dominant bias: Bearish
This pair went downwards from Monday to Wednesday, jumped upwards on Thursday, and then went downwards again on Friday, closing at 0.9883 (on that very day). There is a Bearish Confirmation Pattern in the market, and the support level at 0.9850 may be tested easily, breached to the downside, as price goes further downwards towards other support levels at 0.9800, and 0.9750 (the last target of the week).



GBPUSD
Dominant bias: Neutral
The bias on Cable is essentially neutral, for price has not gone in a strong directional mode in the past 4 weeks. There is a distribution territory at 1.3300 and an accumulation territory at 1.3050 (as space of 250 pips). These distribution and accumulation territories have proven to be able to withstand bearish and bullish pressures in recent times; and as long as price remains within them, the ongoing neutrality would remain. Once either of the territory is breached, a directional bias would occur.
USDJPY
Dominant bias: Bearish
USDJPY went sideways on November 13, and began to come down from November 14. Price went down by 160 pips last week, testing the demand level at 112.00 on November 17 (before the close of the market). This week, it is possible that price would go beneath the demand level at 112.00, and aim for another demand level at 111.50. Nonetheless, there would possibly be a strong bullish reversal before the end of the week.   

EURJPY
Dominant bias: Neutral    
The fact is, the EURJPY cross has been consolidating since the beginning of October (in the long-term). In the short-term, there are short-term bearish and bullish swings in the market, with no directional bias. For example, price went upwards last week, on Monday and Tuesday; but the bearish movement of Wednesday, Thursday and Friday has rendered the bullish movement of Monday and Tuesday invalid. The current neutrality would continue until price goes upwards by at least, 300 pips; or until it plummets by at least 300 pips. Any pip movement below that would not be sufficient to end the current neutrality.

GBPJPY
Dominant bias: Bearish
This is also a choppy and equilibrium market, for things have gone slightly bearish.  The market would need to reach the demand zone at 146.50, for the bearish signal to become stronger in the market. On the other hand, a breach of the supply zone at 150.00 would swiftly bring an end to the bearish bias. A movement to the upside is more likely this week, since the outlook on some JPY pairs is bullish for the week.

This forecast is concluded with the quote below:


“Building a Forex trading strategy is much like building a house. You need layers and a good foundation.” – Jarratt Davis



  

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Friday, November 17, 2017

ItuGlobal/InstantForex: Why you need to consider us

At Ituglobalfx.com.ng and Instantforex.com.ng, we offer excellent exchange services.

Here are the reasons why you need to consider us:

1.      You can call us anytime – Saturdays, Sundays and nights included. This is because we offer 24/7 services.

2.      Even we don’t ignore your SMS. Some customers send us only SMS and we reply them, and orders are carried out and completed.



3.      When we see your missed calls, we call you back. Unlike some big exchangers who won’t pick your calls and will never call you back, we call you back when we see your missed calls.

4.      Instead of holding you to ransom, we tell you if we’re not buying a particular e-currency at the moment. Some exchangers would buy from you and delay you for days and weeks.  Likewise, if you want to buy an e-currency and we don’t have it, we tell you. We just don’t collect your money and then hold you to ransom.

5.      We refund Naira cash and digital currencies sent to us by mistake.

6.      We endeavor to attend to our customers speedily.

7.      Unless there is a technical problem with our bank or with your bank (which is unusual), we don’t delay customer’s payment till the following days.

8.      We reward our customers with discounts, promos, gifts and cash prizes.


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Traders’ Mindset: Traders' Mindset
 



Thursday, November 16, 2017

There’s nothing special about your strategy


THE WAYS WE CON OURSELVES

I support a particular hospital charity that each year or so runs a home lottery and every year I enter. To date I have won a digital camera, an iPod, an Apple TV, a tonne of chocolate, wine (brilliant for a non-drinker but good for presents) and a host of other goodies. In fact I have never had a time when I have entered and not won something. Whilst my expectancy is not quite positive it’s not bad. If I were a news agency that sold lottery tickets and I had this many winning entries bought via my store people would be clambering over me thinking there was something special about my store.

One of the things we ignore in life is that we are subject to the same harsh statistics as everyone else – we have what I call the myth of individual specialness. Our basic narcissism leads us to believe that the laws that apply to the universe don’t really apply to us, as a result we spend a lot of time fooling ourselves into think there is something special or magical about what we do.



My capacity to win this particular lottery has nothing to do with me other than the fact that I enter, I am simply subject to the laws of large numbers as is everyone else. If you get enough people doing the same thing over a long period time then the probable drifts into the realm of the inevitable. It is no wonder some people win the lottery twice.

But because we are such poor natural statisticians this seems like magic to us and we ascribe some special quality to ourselves and this is apparently a well-known phenomenon in both lottery winners and those who have inherited wealth. They believe that something divine about themselves means that they were meant to win – they cannot accept that it was blind luck. My wife has a friend who received a very large inheritance from her parents, she has now divorced herself from all her friends of many decades because she believes that there is something superior about herself other than being the lucky product of the sperm sprint derby that we all undergo. Sometimes you land in the right spot and sometimes you don’t.

The central issue here is that even in trading we are subject to the ruthlessness of statistics and this ruthlessness is often at odds with our own emotional endurance. For example if you have a system with a positive expectancy this means that on average and over time your system will make money. But note there are two presumptive phrases involved in this definition – on average and over time.

You need to have the resilience to ride out the times when the system is not making money. When traders first encounter the notion of expectancy they assume that is means that every trade they take will make $X and are surprised when this does not happen. All trading systems will experience runs of losses, this is the natural order of things and you can experiment with this for yourself by looking at a coin toss simulator. If you click here you can see how streaks of either heads or tails form – this is a good example of what can happen in trading systems.

Despite trading being a basic exercise in statistics at its core it is an exercise in resilience because we have to find ways of dealing with brutality of statistics and even when we know our system is sound it is still hard to take a continual series of losses. Inevitably we come back to the notion of courage as a central tenet in the success of any trader.


Author: Chris Tate

Article reproduced with kind permission of: http://tradinggame.com.au 

This article is concluded with the 3 quotes below:

“Every time you have a hunch that the market will reverse, jot it down on paper. After 30 attempts, look back at how accurate your prediction is. You may be surprised by your results.” – Rayner Teo

“Defeats in trading are not really defeats, anyway — they are more like trial balloons we keep sending up, knowing in advance that a certain number of them are going to get shot down. Therefore, trading is really a process of two steps forward and one step back. The one step back part will always seem like a defeat, will always feel like a defeat, but is not a defeat – simply part of the process.” – Andy Jordan

“A large population of traders consider themselves to be much more effective than they really are.”- Chris Tate


www.tallinex.com wants you to make profits from the markets.


  



88 Energy in a consolidation phase

88 Energy stock (LSE:88E) is in a consolidation phase and it is possible to continue in that phase until there is a breakout in the market. When the breakout happens, it would most likely favor bulls as it is explained below.


Price is currently hovering between the upper and lower Trendlines, while the RSI period 14 is above the level 50 (a bullish signal). The recent historical data shows a base, which would propel the market upwards when volatility arises.

As soon as it goes upwards, moving above the upper Trendline, 88 Energy would reach the distribution territories at 2.0, 3.0 and 4.0 within the next several months. By then, the RSI period 14 would have gone back into the overbought region.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

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Game Digital PLC: A rise in momentum is expected

A rise in momentum is expected on Game Digital stock (LSE:GMD), which would follow the current pullback in the context of a choppy market.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.


It can be seen that the EMAs 10, 20, and 50 are sloping upwards, and once price closes above the EMA 200 (a Golden Cross), a long-term bullish signal would be generated and price would be expected to reach the resistance levels at 50.00, 55.00 and 60.00 within the next several months.

Game Digital PLC has cogent chances of going upwards soon. And the EMAs 10, 20 and 50 would have moved above the EMA 200, as it is also sloping upwards.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 
                                               



Sunday, November 12, 2017

Daily analysis of major pairs for November 13, 2017

The USD/JPY pair is bullish in the long-term, but bearish in the short-term. Price may make some attempts to go upwards this week, owing to a bullish outlook on USD. There are demand levels at 113.00 and 112.50. On the other hand, there are supply levels at 114.00 and 114.50.


EUR/USD: The bias on the EUR/USD is bearish, but price has been making some faint bullish effort (especially on Friday). The outlook on the market is bullish for this week (and so it is for some EUR pairs), and therefore, price may go upwards to form a Bullish Confirmation Pattern in the 4-hour chart.

USD/CHF: The USD/CHF is bullish in the long-term, but bearish in the short-term. Further bearish movement is expected this week, but it may not be significant because USD would maintain some stamina. The support levels at 0.9900, 0.9850 and 0.9800 would be tested before the end of the week.



GBP/USD: The outlook on the GBP/USD is currently neutral. A directional bias is expected this week, when price either goes above the distribution territory at 1.3300, or it goes below the accumulation territory at 1.3050 (either of these would require a strong buying or selling pressure). The most likely direction on the GBP/USD is to the upside; whereas GBP may rally against some other currencies like AUD and NZD.

USD/JPY: This pair is bullish in the long-term, but bearish in the short-term. Price may make some attempts to go upwards this week, owing to a bullish outlook on USD. There are demand levels at 113.00 and 112.50. On the other hand, there are supply levels at 114.00 and 114.50.

EUR/JPY:  This cross is neutral both in the long-term and the short-term. There is an expectation of a strong directional bias this week, which would most probably be in favor of bulls. Price may rise from the current area in the chart, to reach the supply zones at 132.50 (which was tested on Friday), 133.00 and 134.50.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 



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Saturday, November 11, 2017

Why you shouldn’t rely on one Internet service provider


We operate 2 websites: Ituglobalfx.com.ng and Instantforex.com.ng

The later website used to experience frequent downtimes, but that has now been fixed, as we moved to another server.

Now the downtimes should be reduced drastically.

However, you may visit one of our websites and think you can’t access it. This may also happen when visiting Neteller website or any other websites.

When you’re using Glo to browse, you may discover that you’re unable to access certain websites (like Neteller, our website, etc). If that happens, simply switch to another network, say 9Mobile or Airtel. You’ll see that the website would show, once you type it in the address bar.

If you use Airtel, and you discover you can’t access certain website, then switch to another network.



DON’T RELY ON ONE INTERNET SERVICE PROVIDER
It’s unwise to rely on one Internet service provider, especially if you’re doing serious things online (like business).

Your trusted network can develop a temporary or protracted problem when you need it most. You can be held to ransom when you need to do something crucial online, quickly. But if you have an active data subscription on another network, you quickly switch and do what you want to do.

When you’re doing something serious online, like business, you need to have active subscription with at least, 2 service providers. It’s far better if you have active subscription with 3 service providers.

This is one of our secrets, which enable us to process funding and withdrawal orders of Neteller, Payeer, Perfect Money and Epay (without disappointing customers).

To see our current rates, please visit www.ituglobalfx.com.ng

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Weekly Trading Forecasts for Major Pairs (November 13 - 17, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
The market consolidated last week, and made some bullish effort on Thursday and Friday (in the context of a downtrend). There is a bullish signal in the short-term, and once the resistance line at 1.1750 is breached to the upside, the bias would turn bullish. The outlook on EUR pairs is bullish for this week, and thus, other resistance lines that would be reached are located around 1.1800 and 1.1850.  

USDCHF
Dominant bias: Bullish
This pair is bullish in the long-term, but it is becoming bearish in the short-term. Basically, price moved sideways from Monday to Wednesday and then moved lower on Thursday. Further bearish movement is possible this week, and the targets are the support levels at 0.9950, 0.9900 and 0.9850. However, there would not be a very serious bearish movement this week because USD would retain some of its stamina this week.   




GBPUSD
Dominant bias: Neutral
GBPUSD is quite choppy and volatile, characterized by short-term upswings and downswings with no directional movement. This week or next, it is possible for price to either go above the distribution territory at 1.3300 (creating a strong bullish bias); or it would go below the accumulation territory at 1.3050 (creating a strong bearish bias). Strong directional movements are anticipated on other GBP pairs this week   

USDJPY
Dominant bias: Bullish
This pair is bullish in the long-term, but bearish in the short-term. As soon as price tested the supply level at 114.50, it went downwards by 100 pips (throughout last week), closing slightly below the supply level at 113.50. Should price move southwards this week, the demand levels at 113.00 and 112.50 would be reached. A northwards movement above the supply levels at 114.00, 114.50 and 115.00 would help strengthen the recent bullish bias.  

EURJPY
Dominant bias: Neutral    
This is a neutral market. Price went downwards last week, testing the demand zone at 131.50, before bouncing upwards by 100 pips, to test the supply zone at 132.50. As long as price oscillates between the supply zone at 133.00 and the demand zone at 131.50, the neutrality in the market would be valid. Once the aforementioned supply zone or demand zone is breached, a directional bias would form.

GBPJPY
Dominant bias: Neutral
This cross has been performing what can be called downswings and upswings for several weeks, with no perpetual trending movement. In October price reached a high of 151.38 and a low of 146.93. The current neutral phase in the market would not be over until the supply zone at 151.50 is breached to the upside; or until the demand zone at 146.50 is breached to the downside. Until then, strategies that take advantage of short-term swings in this market would thrive.  

This forecast is concluded with the quote below:

“No matter where you live or what your situation is, if you are willing to put the time and effort in, just about anyone can become a successful trader.” – TradingEducators



  

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