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Sunday, February 18, 2018

Daily analysis of major pairs for February 19, 2018

The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a bullish bias eventually.

EUR/USD: This pair moved upwards from the support line at 1.2250, to reach the resistance line at 1.2550. That was a movement of 300 pips, and once the resistance line at 1.2550 was tested, there was a 140-pip pullback in the market. The pullback may continue towards the support lines at 1.2350, 1.2300 and 1.2250. The resistance line at 1.2550 will resist any major rally in the market, because the outlook on EUR pairs is strongly bearish for this week.



USD/CHF: The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a bullish bias eventually.

GBP/USD:  The Cable tested the accumulation territory at 1.3800 and then went upwards towards the distribution territory at 1.4150 (nearly touching it). The pullback that followed after that has helped retain the bearishness in the market. Price closed at 1.4030 on Friday, and could go far lower and lower, because the outlook on GBP pairs is somewhat bearish this week.

USD/JPY:  This USD/JPY has dropped 720 pips since January 8. Price slammed into the demand level at 106.00 and then bounced upwards. The upwards bounce could offer another nice opportunity to short the market, because there is a Bearish Confirmation Pattern in it. The outlook on JPY pairs remains bearish for this week, and the demand levels at 106.00, 105.50 and 105.00 could be targeted.

EUR/JPY:  From the top of 137.50, the EUR/JPY cross has nosedived by at least, 550 pips. Last week, the movement of the market was a kind of choppy and sideways (in the context of a downtrend), but bears were able to pull their weight, since price closed below the supply zone at 132.00. The outlook on the market remains bearish, and that might even be aided by a weak EUR.

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Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, February 17, 2018

Weekly Trading Forecasts for Major Pairs (February 19 – 23, 2018)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish  
Last week, this pair rose from the support line at 1.2250 and tested the resistance line at 1.2550 (a movement of 300 pips).  After the resistance line at 1.2550 had been tested, price got corrected by 140 pips, closing below the resistance line at 1.2450 and now very close to the support line at 1.2400. The current bias on the market is bullish, but that can change this week, because there is a strong likelihood that EUR pairs would become very weak this week. Rallies would be contained at the resistance line at 1.2550, and price could drop towards the support lines at 1.2350 and 1.2300 this week. These targets could even be exceeded.



USDCHF
Dominant bias: Bearish
USDCHF remained under strong bearish pressure last week. Price consolidated on Monday, and started coming downwards on Tuesday, to reach the demand level at 0.9200 on Friday. The upwards bounce that is in place was made possible by a sharp pullback on EURUSD. Bearish attempts would be halted at the support level of 0.9200; while price targets the resistance levels at 0.9300, 0.9350 and 0.9400. However, there could be a limited bullish movement because USD would not be very strong this week. 

GBPUSD
Dominant bias: Bearish
Cable is not currently in a bullish mode. The rally that was witnessed last week might have led to a bullish bias if not for the pullback that occurred on Friday. Price rose indeed – from the accumulation territory at 1.3800, nearly reaching the distribution territory at 1.4150, but further northward journey was halted. The distribution territory at 1.4150 has already become a barrier to further bullish movement: The market is supposed to move downwards this week. The outlook on GBP pairs is somewhat bearish for this week.

USDJPY
Dominant bias: Bearish
USD/JPY was engaged in a smooth, clean bearish movement last week. Since January 9, the market has gone downwards by 720 pips (losing at least, 300 pips this month alone). There is a strong Bearish Confirmation Pattern in the market, it is expected that price should be able to go below the demand levels at 106.00, 105.50 and 105.00, and remain below it… The outlook on JPY pairs remains bearish.

EURJPY
Dominant bias: Bearish    
From the top of 137.50, this cross has nosedived by at least, 550 pips. Last week, the movement of the market was a kind of choppy and sideways (in the context of a downtrend), but bears were able to pull their weight, since price closed below the supply zone at 132.00. The outlook on the market remains bearish, and that might even be aided by a weak EUR. The demand zones at 131.50 and 131.00 are the initial targets for the week.  

GBPJPY
Dominant bias: Bearish
On February 2, the market reach the monthly high of 156.50, and it has dropped 800 pips since then, reaching a low of 148.00. Although the market movement is rough, the bearishness in the market is clearly visible. This week, the market should continue moving southwards, but not without attacks from bulls (which could cause temporary upwards bounces in). The targets for the week are located at 148.50, 148.00 and 147.50.

This forecast is concluded with the quote below:

“A trading edge is created by a harmonious combination of choices made by each trader to exploit recurring market inefficiencies and thereby create a long-term mathematical advantage. The unique objectives, beliefs, and skills of each trader are key to all edge choices and to integrating the edge into an effective trading methodology.” – VTI





 Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

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Friday, February 16, 2018

E-currencies Transactions: Why you shouldn’t rely on SMS alerts alone

Sane exchangers pay their customers as soon as possible, and the best way to pay is to do Instant Transfers to clients’ accounts. If you can pay your customers today, it doesn’t make sense to delay them till tomorrow.

But what if a customer is paid and they don’t see SMS alerts?

It’s not advisable that customers rely on SMS alerts alone. If that’s what you were doing, then you can stop doing that (unless you don’t care if you don’t get paid quickly).



Sometimes an SMS alert will come quickly – sometimes it will come late. In certain cases an SMS alert may not come at all.

Your cash payment may already be sitting in your account, and you mayn’t be aware and you’ll be smarting and fretting. You’ll be calling your exchanger, disturbing them, without knowing that the money is already in your account.

What can you then do? You may also want to check your email for email alerts. Banks send transactions alerts to their customers’ emails, so, if you haven’t registered for email alerts, you may want to do so.

When you receive an email alert, then you may be sure that the transaction has been done. But most importantly…

You can login to your mobile app to check your account balances and transactions records. If you’re subscribed to Internet banking, you can login on your bank’s website to check your balances and transactions history.  You can also use your ATM card to check your balances at the nearest ATM machine.

When customers send us money in return for e-currencies, we don’t delay them, waiting for SMS alerts to come. Instead, we login online to check our records, once a customer claims that money has been sent. By doing this, we process their orders quickly and avoid delaying them, whether or not SMS alerts come eventually.

Hope it now makes sense to you why you shouldn’t rely on SMS alerts alone.




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Annual Forecast for Barclays (2018)

Barclays shares (LSE:BARC) is currently in a downtrend. The market went upwards from November 2017 to January 2018. It has now started moving south.

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

Currently, there has been a Death Cross in the market (i.e. the EMA 200 has been breached to the downside). The other EMAs are also sloping downwards, as price is below them. This is a clear bearish signal.

Barclays is expected to go generally downwards this year. The outlook on the market is bearish.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Trading realities
  

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Annual Forecast for Apple (2018)

Apple stock (NASDAQ:AAPL) is currently in a bearish trend as price has dropped steeply in January and February.


Since price went below the lower Trendline, the RSI period 14 has also gone below the level 50. This signifies weakness in the market. There may be upwards bounces, but they should be ignored because the dominant bias in the market is currently bearish.

Apple Inc., is supposed to go generally bearish this year, reaching the accumulation territories at 160.00, 150.00 and 140.00.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Trading realities  

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Monday, February 12, 2018

Daily analysis of major pairs for February 12, 2018

The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines at 1.2200, 1.2150 and 1.2100.

EUR/USD: The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines at 1.2200, 1.2150 and 1.2100.



USD/CHF: There was a bullish effort that was witnessed last week – though in the context of a downtrend. Unless price goes above the resistance level at 0.9500, the bias on the market will not turn bearish. A movement below the support level at 0.9300 would strengthen the recent bearish signal in the market.

GBP/USD:  Here, price has shed 450 pips since last February 2 (300 pips last week alone). There is a huge Bearish Confirmation Pattern in the market, which would continue as price journeys further towards the accumulation territories at 1.3800, 1.3750 and 1.3700. The outlook on GBP pairs is strongly bearish for this week, and thus, short signals may be disregarded.

USD/JPY: The USD/JPY was choppy last week, but price ended going further southwards, closing below the supply level at 109.00. The demand level at 108.50 has been tested and will be tested again, get breached to the downside and go further southwards. The outlook on JPY pairs is bearish for this week.

EUR/JPY:  There was a massive drop on the EUR/JPY. Price went southwards by 500 pips, reaching the demand zone at 132.00. On Friday, there was an upwards bounce in the market, which should turn out to be temporary, because this cross ought to continue its southwards journey this week. The demand zones at 132.00, 131.50 and 131.00 could be breached to the downside. Rallies in the market could this be ignored.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, February 10, 2018

Weekly Trading Forecasts for Major Pairs (February 12 - 16, 2018)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
This pair is bearish in the short-term, for price went southwards throughout last week, moving downwards from the resistance line at 1.2450, and nearly touching the support line at 1.2200. The support line would be breached to the downside, as other support lines at 1.2150 and 1.2100 are aimed at. The outlook on EUR pairs is bearish for this week, and so, the probability of a southwards movement is very high.  



USDCHF
Dominant bias: Bearish
The outlook on the market is bearish – even in the long term. Throughout last week, there were rally attempts in the context of a downtrend. The current bullish effort may be temporary, because price may drop from here, to test the support levels at 0.9350 and 0.9300 (this week). However, a movement above the supply level at 0.9500 could result in a nice bullish outlook on the market.   

GBPUSD
Dominant bias: Bearish
This market shed 300 pips last week, closing below the distribution territory at 1.3800. Price has gone downwards by over 430 pips since February 2, creating a Bearish Confirmation Pattern in the market. The outlook on GBP pairs is bearish for this week (save EURGBP, which is expected to be going upwards), and thus the accumulation territories at 1.3750, 1.3700 and 1.3650 could be reached this week.

USDJPY
Dominant bias: Bearish
USDJPY is bearish – though the market environment is quite choppy. After several tests, price was able to go below the supply level at 108.50, and it is currently targeting the demand level at 108.00, which could be breached to the downside, as price goes further southwards. The bearish outlook would be intact as long as price does not go above the supply levels 110.00 and 110.50, which could, however, be tested.    

EURJPY
Dominant bias: Bearish    
Last week, there was a massive drop on this cross. Price went southwards by 500 pips, reaching the demand zone at 132.00. On Friday, there was an upwards bounce in the market, which should turn out to be temporary, because this cross ought to continue its southwards journey this week. The demand zones at 132.00, 131.50 and 131.00 could be breached to the downside. Rallies in the market could this be ignored.

GBPJPY
Dominant bias: Bearish
Amid high volatility, the bias on GBPJPY has turned bearish. The bearishness started as a minor bearish correction on February 2, and later became something serious last week. Price plummeted by 600 pips, testing the demand zone at 149.00. The upwards bounce in price, which occurred on Friday, February 10, should be disregarded, because price is most likely go further southwards (owing to the weakness in GBP and a bearish expectation for JPY pairs). The market can shed another 300 pips this week.

This forecast is concluded with the quote below:


“It simply doesn't make sense to trade just one market and to hope that one is going to be the big winner of the year. That's why trading multiple markets is so important and one of the key principles to successful trading in the long-term.” - Marco Mayer


 Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Trading realities


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Friday, February 9, 2018

Annual Forecast for FTSE 250 (2018)

FTSE 120 stock (FTSE:MCX) is a weak market, having plunged seriously in January and February 2018. The market is supposed to continue its bearishness this year.

The market has gone below the EMA 21 and the Williams’ % Range period 20 is constantly in the oversold region.


There is a strong Bearish Confirmation Pattern in the chart. Rallies could be ignored here, because they may tend to result in short-selling opportunities.


FTSE 250 has a beaAzeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Traders; Mindset


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                                               rish outlook for this year. Price would go lower and lower. 

Annual Forecast for Twitter (2018)

Twitter shares (NYSE:TWTR) is a bull market. For the past several months, price was going upwards in a slow and steady manner, prior to the current gap-up in the market, which has resulted in a strong bullish outlook.

The gap-up has triggered a bullish bias, which ought to continue in spite of the current pullback (which should be temporary).

The ADX period 14 is above at the level 30, showing a considerable amount of momentum in the market. The DM+ is above the DM-, meaning that bulls are dominant. The MACD, default parameters, has its signal lines and histogram above the zero line: There is a Bullish Confirmation Pattern in the market.



Twitter should go further upwards for most part of 2018, reaching the supply levels at 40.00, 50.00 and 60.00 as soon as it can. 

Market Analyst, Trading Signals Provider and Coach

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Wednesday, February 7, 2018

Technical Reviews for Gold and Silver (February 2018)

GOLD (XAUUSD)
Dominant Bias: Bearish  
Gold is bearish in the short-term, and bullish in the long-term. The second half of December 2017 was very bullish, and the bullishness continued last month. On February 2, price dropped sharply, bringing about a short-term bearish signal. In spite of effort to push price upwards on February 5, bears are still able to pull their weight. It is possible that the resistance levels at 1300.00, 1280.00 and 1260.00 would be breached this month. This is something that would bring more emphasis to the short-term bearish signal. On the other hand, a movement above the resistance level at 1350.00 could help cancel the short-term bearishness and put more emphasis on the long-term bullishness in the market.



SILVER (XAGUSD)
Dominant Bias: Bearish
Just like Gold, Silver was also very bullish in the second half of December 2017. However, the market situation was generally choppy in January 2018. Last week, price began to come down gradually, and that became something significant on February 2, as Silver lost over 6,300 pips that day alone. On Monday, February 5, price bounced upwards in the context of a downtrend, but that has turned out to be a clean sell-shorting opportunities, as price is poised to continue going southwards, due to the Bearish Confirmation Pattern in the market. The demand levels at 16.4000, 16.0000 and 15.6000 could be reached this month.





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