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Saturday, April 21, 2018

Weekly Trading Forecasts for Major Pairs (April 23 – 27, 2018)


Here’s the market outlook for the week:


EURUSD
Dominant bias: Neutral
The bias is neutral in the long-term term, and bearish in the short-term. Price went southwards last week, losing up to 130 pips, after testing the resistance line at 1.2400. The support line at 1.2250 was almost tested, but price closed close to the resistance line at 1.2300. Owing to the short-term bearishness in the market, further southwards journey is anticipated, which may push price towards the support lines at 1.2250, 1.2200 and 1.2150.


USDCHF
Dominant bias: Bullish
The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on Friday. Price should continue going further upwards as EURUSD is pushed further southwards. The resistance levels at 0.9800 and 0.9850 are the targets for this week.



GBPUSD
Dominant bias: Bearish
The Cable consolidated in the first week of April, went upwards in the second week, and came downwards heavily in the third week (last week). After testing the distribution territory at 1.4350, price has nosedived by 350 pips, reaching the accumulation territory at 1.4000, and closing slightly below it. The bias on the market has now turned bearish, and that may be upheld this week, as the accumulation territories at 1.3950, 1.3900 and 1.3850 are aimed.
USDJPY
Dominant bias: Bearish
The trading instrument is bearish in the long-term, and bullish in the short-term. After price rammed into the demand level at 105.00 on March 23, it has gone upwards by 280 pips since then. Price closed above the demand level at 107.50 on Friday and it may even reach the supply levels at 108.00 and 108.50 this week…. Before the anticipated reversal occurs. The reversal may be strong enough to take price towards the demand level at 107.50.


EURJPY
Dominant bias: Bullish    
This is a bull market in the near-term, but the bullishness in the market is very weak. Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would most probably favor bears. Thus, the demand zones at 132.00, 131.50 and 131.00 could be reached, which may effectively challenge the recent bullishness in the market.

GBPJPY
Dominant bias: Bearish
There is now a Bearish Confirmation Pattern in the market, which was forcefully brought about by the large pullback that occurred in the market. Roughly 280 pips were shed as price closed below the supply zone at 151.00 on April 20, 2018. It is expected that further southward movement would play itself out this week, because the outlook on JPY pairs is somewhat bearish for the week. This means the accumulation territories at 150.50, 150.00 and 149.50 would be reached easily.

This forecast is concluded with the quote below:

“Accept that you can trade, it really isn’t as cognitively difficult as people make out. It is emotionally and psychologically difficult but it doesn’t require much brain power despite what you may be told. Therefore, it is within the realm of most to be able to understand the basics of trading.” – Chris Tate




 Azeez Mustapha


Market Analyst, Trading Signals Provider and Coach

  

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


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Friday, April 20, 2018

Frontera Resources Corporation – an unattractive market


Frontera Resources Corporation shares (LSE:FRR) have been an unattractive market for several months. Price has been consolidating since November 2017, and that seems to just be the beginning.

The ADX period 14 is at the level 20, showing that the momentum in the market is low. The DM+ is not clearly above the DM-, which means neither bulls nor bear gain upper hands at the moment.


The MACD, default parameters, has its signal lines and histogram slightly above the zero line. The trend in the market is not strong.

FRR is a consolidating – trendless – market. The situation can continue for more time; but eventually, a breakout will occur in the market, and it would lead to a directional movement.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

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 
                                               

A “buy” signal appears on Premier Oil


A “buy” signal has long appeared on Premier oil stock (LSE:PMO). The market rallied between November 2017 and January 2018, and then came down between January and April 2018. This month, price has assumed a strong bullish journey.

The market has gone above the EMA 21, and the Williams’ % Range period 20 is clearly in the overbought region. There is a strong bullish signal in the market.

PMO is supposed to continue its bullish journey for the next several months. There would be some transitory pullbacks in the market, which would be followed by the market reaching higher highs.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

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


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Thursday, April 19, 2018

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Bitcoin Price Analysis – April 19


BTCUSD Medium-term Trend:  Bullish

Resistance: $9,500, $9,000, $8,500
Support: $6,500, $7,000, $7,500

Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that  if price of Bitcoin continues with fall in price, it will find support at $7,500. Today, price of Bitcoin is in a Bullish market trading at $8,209.61 as at the time of writing.

At the onset of a trend, whether bullish or bearish traders are to look for buy setups or sell setups. In the case of a bullish trend, we are to look for buy setups.  From the weekly chart, a bullish trend line is drawn across the price bars showing the support levels of price where traders can place long trades.

Any time price pulls back to the trend line, it is an opportunity to initiate a long trade. As the bullish market continues, price is expected to retest the resistance level at $8,500 and break it. If it eventually breaks the resistance at $8,500, it will face another resistance at $9,000 before reaching other highs of price levels.


BTCUSD Short-term Trend: Bullish


In the daily chart, price of Bitcoin is making a series of higher highs and higher lows. The 50-day moving average and 20-day moving average are trending northward signifying the uptrend.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Monday, April 16, 2018

Daily analysis of major pairs for April 16, 2018


Daily analysis of USD/CHF for April 16, 2018


USD/CHF
There is some form of bullishness on the USD/CHF. Since the support level at 0.9200 was breached on February 16, price has moved upwards by 440 pips, closing above the support level at 0.9600 on Friday. This week is supposed to be bullish, because USD will likely gain some stamina against certain currencies like EUR, CHF, AUD and NZD (with the exception of GBP). The first object of attack this week is the resistance level at 0.9650.

There is a Bullish Confirmation Pattern in the market and price is expected to go upwards, as the EUR/USD goes southwards. The support levels at 0.9500 and 0.9450 would try to impede any southward attempts.



Daily analysis of USD/JPY for April 16, 2018

USD/JPY
The USD/JPY is bearish in the long-term, and bullish in the short-term. There is a weak short-term bullishness owing to the fact that price made some effort to go upwards last week, gaining only 80 pips. Price managed to briefly breach the supply level at 107.50, but it could not close above it on Friday (it closed below it).

However, price would be able to go above the supply level at 107.50; even reaching other supply levels at 108.50, 109.00 and 109.50. This is owing to the Bullish Confirmation Pattern in the market.


Daily analysis of EUR/JPY for April 16, 2018

EUR/JPY
The EUR/JPY is bearish in the long-term, and now bullish in the short-term. It has gained roughly 250 pips this month, and it can gain another 250 pips before the end of the month. That is something that can bring about a long-term bullish outlook on the market as it goes through the supply zones at 133.00, 133.50 and 134.00, even exceeding those supply zones as price goes further and further northwards.


There is a Bullish Confirmation Pattern in the market, which would become more and more serious as price goes northwards. Short trades are not recommended here.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Ethereum Weekly Price Analysis – April 14


ETHUSD Long-term Trend – Bearish


Distribution territories: $600.00, $700.00, $800.00.
Accumulation territories: $400.00, $300.00, $200.00.

Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significant lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far as long-term trend is concerned. At present, the price has moved northward and has been trading at around the distribution territory of $500.00.



The 50-day moving average is above the 13-day moving average as price action shows that bulls are now trying to spring back into action. Stochastic oscillators have crossed and moved above 50 range as they are now pointing northward at an area not yet too far away from the oversold zone. Investors, potentially, can witness pit stops in the current significant price hike between the distribution territory of $500.00 and $600.00. At this point, should the bulls take action and give up way back to a strong pullback, then the bears could again play back into action that can last for only a few weeks.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research

Source: https://www.cryptoglobe.com/markets/price-analysis/

Saturday, April 14, 2018

Weekly Trading Forecasts for Major Pairs (April 16 - 20, 2018)


Here’s the market outlook for the week:


EURUSD
Dominant bias: Neutral
Irrespective of the bullish attempt that was witnessed last week, the outlook on EURUSD remains neutral. The neutrality has been ongoing for over 2 months, and the bullish attempt that happened last week pales into insignificance when compared to the overall outlook on the market. Price currently oscillates between the support line at 1.2200 and the resistance line at 1.2400. There is a going to be a directional bias once that support line or that resistance line is breached. However, a breach of the support line at 1.2200 is much more likely.




USDCHF
Dominant bias: Bullish
There is some form of bullishness in this market. Since the support level at 0.9200 was breached on February 16, price has moved upwards by 440 pips, closing above the support level at 0.9600 on Friday. This week is supposed to be bullish, because USD will likely gain some stamina against certain currencies like EUR, CHF, AUD and NZD (with the exception of GBP). The first object of attack this week is the resistance level at 0.9650.


GBPUSD
Dominant bias: Bullish
The market gained 220 pips last week, almost reaching the distribution territory at 1.4300, and getting corrected lower, to close below the distribution territory at 1.4250. There is a Bullish Confirmation Pattern in the market, and price is supposed to go seriously upwards again, breaching the distribution territories at 1.4250, 1.4300 and 1.4350 to the upside. Short trades are not yet recommended.

USDJPY
Dominant bias: Bearish
The trading instrument is bearish in the long-term, and bullish in the short-term. There is a weak short-term bullishness owing to the fact that price made some effort to go upwards last week, gaining only 80 pips. Price managed to briefly breach the supply level at 107.50, but it could not close above it on Friday (it closed below it). However, price would be able to go above the supply level at 107.50; even reaching other supply levels at 108.50, 109.00 and 109.50.


EURJPY
Dominant bias: Bearish    
This cross is bearish in the long-term, and now bullish in the short-term. It has gained roughly 250 pips this month, and it can gain another 250 pips before the end of the month. That is something that can bring about a long-term bullish outlook on the market as it goes through the supply zones at 133.00, 133.50 and 134.00, even exceeding those supply zones as price goes further and further northwards.

GBPJPY
Dominant bias: Bullish
There is a Bullish Confirmation Pattern in the market. The market gained roughly 500 pips in March and it has gained over 400 pips this month, closing above the demand zone at 152.50 on Friday. The outlook on GBP/JPY and most other JPY pairs, remains bullish for this week. The price is expected to reach the supply zones at 153.00, 153.50 and 154.00: the targets that could even be exceeded.

This forecast is concluded with the quote below:

“The markets never reward desperation. They only reward clear thinking, discipline and courage.” – Louise Bedford


 Azeez Mustapha


Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

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 




Monthly Forecast for Gulf Keystone (April 2018)


Gulf Keystone stock (LSE:GKP) is now in an uptrend. The market has been going upwards for the past several months. For example, the market rose in November 2017, dipped and rose and dipped and rose again. Such is the behavior of this market.


After consolidating in February and March 2018, price has moved above the upper Trendline and the RSI period 14 is clearly above the level 70, and almost at the level 80. The market looks clearly overbought, and that could lead to a temporary pullback.

However, the pullback is expected to lead to further bullish journey because the outlook on GKP is bullish for this year.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities

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 

UK Oil & Gas to continue below the Death Cross


UK Oil & Gas shares (LSE:UKOG) are in a bearish trend. Price is currently under a Death Cross and will move further south.

The market has been tending downwards within the past several months. 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.


All the EMAs are sloping downwards, and rallies into the EMAs 10 and 20 could be seen as opportunities to sell short at slightly higher prices.

There is a Death Cross in the market as price remains below the EMA 200, and things would be bearish as long as price is unable to break the EMA 200 to the upside.




Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
 
Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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


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Friday, April 13, 2018

Why we don’t give excellent trading information for free


 “People don’t value what they get for free.” – Dr. Van K. Tharp

Question: “OK Louise, if you’re such a freaking saint, then why don’t you give away your trading knowledge for free?”

All of these resources are the result of my 28 years of trading the markets, 20 years of being a best-selling author, and genuine concern to see that people get started trading effectively and safely. Every one of these resources take time, money, knowledge and creativity to produce – yet… do you hear me complain… well… not often.

Let me explain why we don’t give away everything for free.



People often don’t value what they receive for free. This means they don’t implement, and they don’t respect advanced resources, unless they’ve had to go through some sort of struggle to get to that resource. And, in this society, the ‘struggle’ doesn’t involve wrestling a mother lioness to the death… the ‘struggle’ means a financial price.

I used to give away hours & hours of personal training… for years and years… for free. Know what happened to all of those efforts? The wind blew, and the people I trained didn’t respect the lessons. They didn’t struggle. They received passively. And, as a result, the salient lessons didn’t penetrate deep into their unconscious and stick.

Money is a way of keeping score. I aim to cover my costs of running our websites, producing the products that are my creative little gems that I adore releasing into the world, and to pay for the licensing that is required for us to continue giving you a free ride. All of that costs money, to the tune of far more than the average wage – and even though I initially used my trading profits for the first couple of years to give away information to the trading community… I feel it works better when people pay for what they get.

Plus, frankly, I find money motivates me. And, if it doesn’t motivate you, then why consider trading?

Sometimes you have to buy a book. Yes, a book. That may mean saving up your cappuccino money & going into caffeine withdrawal for a few days… but the rewards will be worth it.

Author: Louise Bedford (Source: TradingGame.com.au)







Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng


Trading realities: Trading realities 

  


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