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Wednesday, February 28, 2018

Annual Forecast for Amazon (2018)

Amazon stock (NASDAQ:AMZN) is a bull market. It consolidated in September and October 2017, gapped upwards towards the end of October and then trended upwards from then till now.

In January, price went above the upper Trendline, trending further upwards. Even the large pullback that happened this month was not significant enough to force price back below the upper Trendline.

The RSI period 14 is above the level 60 – a clean bullish signal. The outlook on Amazon is very bright for the year 2018, and price may reach the distribution territories at 1600.00, 1700.00 and 1800.00.



Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Trading realities

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


Annual Forecast for Exxon Mobil (2018)

Exxon Mobil shares (NYSE:XOM) are in a clear downtrend, having been pummeled recently. From September 2017, towards the end of January 2018 the market was bullish. After then, price dropped like a stone, ending the bullish bias and creating a bearish bias.

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 the market is quite choppy in a bearish outlook. Since price is below the EMA 200, a Death Cross has occurred, which emphasizes the weakness in the market.

There may be forays into the EMAs 20 or 50, and they would only signal opportunities to sell short at better prices. Exxon Mobil should go further and further downwards this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ realities: Trading realities


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



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Sunday, February 25, 2018

Daily analysis of major pairs for February 26, 2018

Daily analysis of USD/CHF for February 26, 2018

USD/CHF
This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday, and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance level at 0.9450. In case, the EUR/USD rallies, the USD/CHF would be sent plunging back towards the support levels at 0.9350, 0.9300 and 0.9250.


This bearish plunge would end the bullish bias on the market, which is currently short-term. A movement below the support level at 0.9250 would result in a short-term bearish bias, which would eventually become a Bearish Confirmation Pattern in the 4-hour chart.


Daily analysis of USD/JPY for February 26, 2018

USD/JPY
The market was bearish in the long-term. A rally happened last week from Monday to Wednesday, but it was checked by the bearish correction that took place on Thursday and Friday. There are support levels at 106.50, 106.00 and ultimately at 105.50. Those support levels would impede bearish movements and they would eventually help bring about a bullish reversal, which is expected to take place before the end of this week.

Should the bullish bias occur, the market would be able to gain at least, 150 pips this week, going towards the supply levels at 107.00, 107.50 and 108.00. These supply levels may even be exceeded, for they are initial targets. 



Daily analysis of EUR/JPY for February 26, 2018

EUR/JPY
This cross has been going strong downwards since February 2, shedding 700 pips in the process. Nonetheless, the southwards journey will soon be over, as a strong rally is expected, which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for the month of March. So, short trades are not advisable. 

The price is currently below the supply zone at 121.50, going towards the zone level at 121.00. Another demand zone at 120.50 may also be tested, but price would not be able to go further than that, since a rally is expected.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Weekly Trading Forecasts for Major Pairs (February 26 – March 2, 2018)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
The market is bearish in the short-term. Since testing the resistance line at 1.2550 on February 16, price has gone south by more than 250 pips (now barely below the resistance line at 1.2300). This week, the outlook on EUR pairs is bullish. While the support lines at 1.2250 and 1.2200 could be tested, it is expected that a considerable rally will start before the end of the week, and that is something that could overturn the current short-term bearish bias.

USDCHF
Dominant bias: Bullish
The pair is bullish in the short-term. After the support level at 0.9200 was tried on February 16, the market gained 200 pips. It tested the resistance level at 0.9400 on Thursday, and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance level at 0.9450. However, an eventual rally on EURUSD would force the current upwards movement to reverse, thus threatening the short-term bullish bias. 



GBPUSD
Dominant bias: Neutral  
There was no strong directional movement here last week. Since February 16 price has been going gradually lower (rendering the bullish outlook that was formed before February 16 invalid). Since the downwards movement is not strong, the market has essentially become neutral in the near-time. However, the neutrality would soon become a thing of the past, because a strong momentum is expected in the market, which would most probably favor bulls. The outlook on GBP pairs is mostly bullish for March 2018, although that does not rule out bearish corrections in certain cases.
USDJPY
Dominant bias: Bearish
The market was bearish in the long-term. A rally happened last week from Monday to Wednesday, but it was checked by the bearish correction that took place on Thursday and Friday. There are support levels at 106.50, 106.00 and ultimately at 105.50. These support levels will try to prevent further bearish correction, and that is something that could bring about another rally in the market, which would become considerable this time. 

EURJPY
Dominant bias: Bearish    
This cross is strongly bearish, going downwards in a steady manner since February 2, and losing at least, 600 pips since then. Nonetheless, the southwards journey will soon be over, as a strong rally is expected, which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for the month of March. So, short trades are not advisable.  

GBPJPY
Dominant bias: Neutral
This trading instrument is bearish in the long-term, but neutral in the short-term. The market has gone bearish by 700 pips since February 2 – but it has only moved sideways in the last two weeks. Since the low of 148.00 was tested, price has failed to go significantly lower. A base has already been formed and price could be seen moving upwards, away from the base. This month, the market is expected to go upwards by at least, 500 pips, and that will effectively bring about a bullish bias.

This forecast is concluded with the quote below:

“True trading is actually speculation (managed risk). The speculator is willing to accept the risk of price fluctuation in return for the greater leverage that comes with that risk in the hopes of earning a greater profit.” – Andy Jordan




  

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Thursday, February 22, 2018

Annual Forecast for HSBC (2018)

HSBC stock (LSE:HSBC) is not currently looking sexy because the market is rough. Although the market was bearish last month, the month of February 2018 has been rough so far.

The ADX period 14 is at the level 30 (high momentum), while the-DM is above the +DM (sell signal). However, the MACD default parameters, has its signal lines below the zero line, while its histogram is above the zero line (mixed signals).


What would the market movement be for this year? The recent bias on the market is bearish. The ADX 14 is bearish, and the MACD is partly bearish. The fact that the histogram is above the zero line is brought about by the current rally effort in the market, which may soon fade.

Therefore the outlook on HSBA is strongly bearish for this year. Further southwards movement is expected.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ 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 

Annual Forecast for Microsoft (2018)

Microsoft shares (NASDAQ:MSFT) are currently bullish, and the bullishness has just been renewed after the recent pullback in the market, which occurred in the first several trading days of February 2018.

The market has been going upwards in the last several month, and the dip that occurred this month was just an opportunity to enter the market at a better price.


Price is currently trading above the EMA 21, while the Williams’ % Range period 20 is sloping towards the overbought territory.

Even if the market reaches the overbought territory, the market would remain bullish irrespective of transient pullbacks or pauses.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ 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 


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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.

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, 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

  

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 









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  

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



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