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Monday, July 16, 2018

Litecoin (LTC) Daily Price Forecast – July 16


LTC/USD Medium-term Trend: Bullish


Resistance Levels: $82, $84, $86
Support Levels: $76, $74, $72

Last week, the price of Litecoin was in a bearish  and a sideways trend. The bearish trend commenced from the high of $83.90 to $75.08. Thereafter, the price went into a sideways trend. Today, the cryptocurrency is in a bullish trend. In a bullish market, traders are to buy low and sell high.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price bars of Litecoin are above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is ongoing. The relative strength index period 14 is level 52 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin are  above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


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

Sunday, July 15, 2018

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


Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
In the long-term, the pair is bearish, and last week was bearish too. Price dropped by 140 pips, moved briefly below the support line at 1.1650, and then closed above it. This week, there could be a test of the support lines at 1.1650 and 1.1600, but they may not be broken to the downside because price has a high probability of going northwards, reaching the resistance lines at 1.1700, 1.1750 and 1.1800.




USDCHF
Dominant bias: Bullish  
Last week, owing to a sudden surge of stamina in USD, the pair skyrocketed, reaching the high of 1.0066. The test of that high is significant because the last time price reached that level was May 2017. Since the high of the year (1.0066) was tested, price has shown a sharp reversal, shedding 60 pips and closing at 1.0002 on July 13. Price might attempt to go further upwards, but it would encounter stiff opposition around the high of 1.0066. Even there will be stiffer opposition above the high of the year, like the resistance levels at 1.0150, 1.0200 and 1.0250. Movement towards the south may be more visible this week.


GBPUSD
Dominant bias: Bearish
In the long-term, Cable is bearish, and last week was bearish too. From the distribution territory at 1.3350, price dropped by 250 pips, and almost touched the accumulation territory at 1.3100, and then closed above the accumulation territory at 1.3200. This week, there could be a test of the accumulation territories at 1.3200 and 1.3150, but they may not be broken to the downside because price has a high probability of going northwards, reaching the distribution territories at 1.3250, 1.3300 and 1.3350.

USDJPY
Dominant bias: Bullish
Last week was bullish. In fact, the market has been going upwards since March 26, and it has gained close to 800 pips. A clean bullish run has taken price towards the supply level at 112.50 and there is a lot of trading activity around that level, as bears are making attempt to effect a bearish reversal. There are demand levels at 112.00, 111.50 and 111.00. However, price could go upwards to reach the supply levels at 113.50, 114.00 and 115.00.

EURJPY
Dominant bias: Bullish  
This cross has become a bull market in the medium-term. Price gained 180 pips last week (it has gained over 650 pips since May 25), and managed to closed above the demand zone at 131.00. Short trades are not recommend in this market, owing to the Bullish Confirmation Pattern in it, and owing to the bullish outlook on EUR for this week and next. Price is thus expected to continue going upwards, reaching the supply zones at 131.50, 132.00 and 132.50.

GBPJPY
Dominant bias: Bullish
GBPJPY is a volatile market, though with a Bullish Confirmation Pattern present in it. This month has been bullish so far (the bullish movement started late June and it has been upheld till now). Having gained 500 pips since June 28, there is still much room for bulls to shine. This week, another 200 pips can be gained amid high volatility. Nonetheless, this does not rule out possibility of bears overpowering bulls along the way.  


 This forecast is concluded with the quote below:

“You should not draw the conclusion that winning traders are reckless. They aren't. They approach trading systematically. They develop clearly defined trading plans and they trade them. They wait for market conditions that increase their odds of success. But most of all, they have a positive attitude. They know that if they do their homework and make enough trades, they will take home a profit.” – Joe Ross




 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 
                                                

Saturday, July 14, 2018

Long-term trading signal for USDCHF (July 2018)


USDCHF generally ranged from May 2018 until last week, and owing to a sudden surge of stamina in USD, price skyrocketed, reaching the high of 1.0066. The test of that high is significant because the last time price reached that level was May 2017. What happen in May was followed by a protracted bearish movement.



Since the high of the year (1.0066) was tested, price has shown a sharp reversal, shedding 60 pips and closing at 1.0002 on July 13. Price might attempt to go further upwards, but it would encounter stiff opposition around the high of 1.0066. Even there will be stiffer opposition above the high of the year, like the resistance levels at 1.0150, 1.0200 and 1.0250. Therefore, the probability of price going southwards within the next few weeks is far higher than the probability of it going northwards.

The following signal has triggered:

Sell USDCHF
Entry price: 1.0010
Stop loss: 1.0266
Take profit: None
Exit date: August 13, 2018

Additional signals will be announced as they are identified.

If you wish to follow these signals then remember:

1.      These are long-term signals
2.      Entry levels are approximate, but do not "chase the market"
3.      If entering at a better level, adjust the SL to maintain the distance shown
4.      Do not risk more than 1% of your account per trade
5.      Positions must be closed manually on the exit date shown
6.      Signals are provided for information purposes only
7.      Signals should not be construed as trading advice

RECENT RESULTS
July 2018
USDCHF Sell, Open =
NZDUSD Buy, Open = -20 pips
NZDJPY Buy, Open = 89 pips
NZDCHF Buy, Open = 32 pips

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.




Trading realities: Trading realities
  

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Bahamas Petroleum Stronger, to Go Further Upwards


Bahamas Petrol shares (LSE:BPC) has been going upwards since it broke upwards significantly in early May, 2018. Before then, price was in a tight consolidation, forming a strong base.

In the context of a bullish movement, price ranged in June, only to begin to go further northwards seriously in July.


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 upwards, supporting the ongoing bullish momentum in the market.

Price is above the EMAs 10 and 20, and may temporarily test the EMAs and then go further upwards. However, Bahamas Petroleum is generally supposed to continue going upwards until, the end of this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities:  Trading realities 


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Monthly Forecast for Gulf Keystone (July 2018)


Gulf Keystone stock (LSE:GKP) is a bull market. Price has been going seriously upwards since March 2018, and that is just the beginning of what will turn out to be a long-term bull market.


In effort to make new highs, price has recently broken the upper Trendline to the upside, going further and further upwards. The RSI period 14 is above the level 70.

While there could be some instances of transitory pullbacks along the way, GKP is supposed to continue going upwards, breaking one resistance after the other.

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 

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