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Sunday, December 10, 2017

Daily analysis of major pairs for December 11, 2017

Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF.

EUR/USD:  Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF.

USD/CHF: Throughout last week, the USD/CHF went upwards by 160 pips, thus leading to a Bullish Confirmation Pattern in the market. While the resistance levels at 0.9950 and 1.0000 could be tested, it is expected that the pair would end up plummeting this week, because CHF would showcase an extraordinary level of stamina. Other currencies would also drop versus CHF.



GBP/USD:  The bullish bias on the GBP/USD is not currently strong, because there were some subtle bearish attacks on the market last week. For the bullish bias to become strong, price would need to overcome the distribution territory at 1.3550. A movement below the accumulation territory at 1.3250 would result in a bearish outlook.

USD/JPY:  This currency trading instrument went downwards on Monday and Tuesday, and then went upwards on Thursday and Friday. There is a bullish bias on the market, and it is expected that the supply levels at 113.50 would be reached – even if there is going to be any major pullback at last.

EUR/JPY: This is a choppy, directionless market (both in the longer-term and the shorter-term), and it is prudent to stay away from the market until there is a break above the supply zone at 134.50; or until there is a break below the demand zone at 131.50. This would require a big momentum, and would happen in less than 14 days to this time.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


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Saturday, December 9, 2017

Weekly Trading Forecasts for Major Pairs (December 11 - 15, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided there is a serious selling pressure in the market. There are resistance lines at 1.1850, 1.1900 and 1.1950, which should impede serious rallies.

USDCHF
Dominant bias: Bullish
This pair is bullish in the short-term, as it went northwards throughout last week, moving briefly above the resistance level at 0.9950 and then closing below that resistance level on Friday. Other resistance levels at 1.0000 and 1.0050 could be tested this week, provided there is a serious buying pressure in the market. There is also a strong possibility that the pair would plummet seriously before the end of this week, owing to a possible display of stamina in CHF. Most major currencies would drop against CHF this week (and USD possibly included).

GBPUSD
Dominant bias: Bullish
The bias on the Cable is bullish, but the bias is very weak, owing to some bearish attempt to pull down the price last week. A movement below the accumulation territory at 1.3250 would result in a bearish signal being generated, while a movement above the distribution territory at 1.3550 would result in putting more emphasis on the recent bullish signal. One of these scenarios would materialize this week.

USDJPY
Dominant bias: Bullish  
From Monday to Wednesday, USDJPY went downwards; but it started moving upwards on that very Wednesday, to gain 150 pips, and to test the supply level at 113.50 by Friday (closing around that supply level). This has resulted in a Bullish Confirmation Pattern in the market, which means price would break the supply level at 113.50 to the upside, as it targets other supply levels at 114.00 and 114.50.    

EURJPY
Dominant bias: Neutral     
This trading instrument is quite choppy and completely neutral. There are wild upswings and downswings in the market as it is completely directionless. The current market condition would continue for some more days until price is able to stay above the supply zone at 134.50, or below the demand zone at 131.50. This is a condition that requires a high volatility and a perpetual movement in one direction. The condition would be met before the end of this month.

GBPJPY
Dominant bias: Bullish
The outlook on this cross is bullish. From November 4 to 6, the cross went downwards, and then rallied. The rally has saved the ongoing bullish outlook on the market, despite the bearish correction that took place on November 8 (which might turn out to be an opportunity to buy long at a better price). This week, price would go upwards again, reaching the supply zones at 152.00, 152.50 and 153.00.   

This forecast is concluded with the quote below:

“Sometimes I wonder what would have happened if I hadn’t learned how to trade. What future would have been blocked off?” – Louise Bedford



  

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Thursday, December 7, 2017

Advanced Onco surprises investors

Advanced Onco stock (LSE:AVO) has surprised investors. Price was bullish from July to October 2017, and then started going downwards. Price has now shot upwards this month, and would keep going upwards in spite of a possible retracement along the way.

The ADX period 14 is at the level 30, showing that the momentum in the market is strong. DM+ is above DM-, showing that the bull is thriving at the moment. The MACD default parameters, has its signal lines above the zero line.

There is a Bullish Confirmation Pattern in the market, and Advanced Onco is expected to go upwards from here, in spite of occasional bearish retracements along the way.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset
  

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Lionsgold gets a bearish correction, to go upwards soon

Lionsgold shares (LSE:LION), which were caught in a tight base for most part of this year, have already started journeying upwards seriously.

The market started a serious bullish movement around the end of last month and the beginning of this month. The market is currently experiencing some correction in the context of an uptrend.

Price is above the EMA 21, and the Williams’ % Range period 20 is not too far from the overbought region. This means that price is expected to continue going upwards following the ongoing correction.

Therefore, Lionsgold, would test the distribution territories at 3.00, 4.00 (which have been previously tested) and 5.00. It may even go towards the distribution territories at 6.00 and 7.00 within the next several months.



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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Sunday, December 3, 2017

Daily analysis of major pairs for December 4, 2017

The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600.

EUR/USD:  The EUR/USD met a considerable challenge last week –which threatened the recent bullishness in the market. However, bulls were able to save the bias on Thursday as they pushed price slightly higher. Further bullish movement is possible this week, for price could target the resistance lines at 1.1900, 1.1950 and 1.2000. A stubborn opposition would be met the resistance line at 1.20000.

USD/CHF: This pair made effort to rally last week, but the rally effort was rejected around the resistance level at 0.9850 (which was briefly breached to the upside, and price could not stay above it). There was a large pullback on Friday, which put more emphasis on the recent bearish bias. There cannot be a meaningful rally on the USD/CHF as long as the EUR/USD is able to showcase its strength.


GBP/USD:  The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600.

USD/JPY: The bias on this currency trading instrument is essentially bearish. After testing the supply level at 114.50 in November, price went downwards by 330 pips. Nonetheless, there was a rally attempt last week, which would enable sellers to enter the market at great prices, provided price goes southwards from here.

EUR/JPY: This cross is choppy in the long-term and bullish in the short-term. Price went downwards on Monday and Tuesday, reaching the demand zone at 132.00 and then going upwards on Wednesday. The supply zone at 134.00 was reached before there was the ongoing bearish correction. Price should go upwards this week, reaching the supply zone at 134.00, breaching it to the upside, and putting more emphasis on the novel bullish bias.

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, December 2, 2017

Weekly Trading Forecasts for Major Pairs (December 4 - 8, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is bent on breaching it to the upside as soon as possible. The resistance line at 1.2000 is the ultimate target; although bulls would meet a fierce opposition at the resistance line.

USDCHF
Dominant bias: Bearish
From Monday to Wednesday, this pair went upwards in the context of a downtrend, testing the price level at 0.9850, going above it briefly and then coming downwards to move below it. USDCHF cannot have a meaningful rally as long as EURUSD is able to showcase its stamina. The rally that took place in the first few days of last week has proven to be a good opportunity to sell short at a better price, as price plummeted on Friday, putting more emphasis on the ongoing bearish outlook. Further bearish movement is expected this week.



GBPUSD
Dominant bias: Bullish
The persistent bullish effort on Cable - against all odds – has already paid off. The bullish upwards movement in the market has been slow, gradual, and steady. Since November 14, price has gained more than 400 pips, roughly testing the distribution territory at 1.3549. Although price has retraced lower since then, that is just a temporary thing, it would go upwards again, targeting the distribution territories at 1.3500, 1.3550 and 1.3600.  
USDJPY
Dominant bias: Bearish
After testing the supply level at 114.50, this trading instrument went downwards by 340 pips in November, creating a Bearish Confirmation Pattern in the market. However, the rally that took placed almost throughout last week nearly posed a threat to the bearishness in the market. The reneging rally met a challenge on Friday and the market pulled back considerably. This week, price could possible reach the demand levels at 112.00 and 111.50. But that does not completely rule out the possibility of some rally.   

EURJPY
Dominant bias: Bullish    
This cross is quite choppy, showing some indecision in the long-term, and showing some bullishness in the short-term. The market went downwards on November 27 and 28, and then started going upwards on November 29 (after testing the demand zone at (132.00). The market reached the supply zone at 134.00 and then closed just below the supply zone at 133.50. It is thus possible for the supply zones at 133.50, 134.00 and 134.50 to be reached this week. As long as the demand zone at 131.50 is not breached to the downside, this short-term bullish bias cannot be rendered invalid.  

GBPJPY
Dominant bias: Bullish
GBPJPY rallied massively last week, putting an end to the recent indecision that had held out for weeks. From the demand level at 147.00, price shot skywards by 540 pips, before the slight bearish retracement that was witnessed on December 1. This week, bulls would be able to push price further upwards. The targets are the supply zones at 151.50, 152.00 and 152.50 would easily be reached, enabling the ongoing bullish bias to become stronger.  

This forecast is concluded with the quote below:

“Learning the business of trading is basically no different from learning any other business. Winning means learning major guidelines and concepts that you repeat so often in your own behavior that they become good habits. These good habits then become automatic behavior patterns, which are formed as brain pathways by the rewards you get for trading well...” – Joe Ross




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Friday, December 1, 2017

Technical Reviews for Gold and Silver (December 2017)

GOLD (XAUUSD)
Dominant Bias: Bearish  
Gold is bearish in the short-term, and neutral in the long-term.  In the long-term, price consolidated throughout November; but in the short term, the last week of November has been bearish. In the short-term, price has dropped seriously enough to generate a clean bearish bias on the market, and as price goes further southwards, a Bearish Confirmation Pattern would spread across the market. This month, upwards bounces should be temporary, as general movements in this month ought to be bearish. Thus, the current upwards bounce would end in further bearish movement, as price targets the support levels at 1260.00, 1250.00 and 1240.00 in December.



SILVER (XAGUSD)
Dominant Bias: Bearish
Silver is bearish, both in the short-term and in the long-term. The market essentially consolidated from November 1 to 28, and then dropped massively last week, shedding 8,000 pips from the high of the week (17.1895). There is a Bearish Confirmation Pattern in the market, which shows a possibility of the market journeying more and more towards the south. While there would be transitory indecisions and rallies along the way, price is expected to reach the demand levels at 16.2000, 16.0000 and 15.8000 in December.





Traders’ Mindset: Trading Mindset
  


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Wednesday, November 29, 2017

Prospex Oil to soon end being choppy

Prospex Oil shares (LSE:PXOG) are currently choppy. The market has been choppy for about 3 months and that is about to send soon…

Price has oscillated between the upper and lower Trendlines, with no directional movement. The RSI period 14 is also not at, or around the overbought and oversold territories.

Prospex Oil is not attractive right now, but price is expected to soon close above the upper Trendline or close below the lower Trendline. Then a directional bias would ensue and it would be supported by the location of the RSI 14.

The future movement is what would determine whether the bias on the market would be bearish or bullish. A bullish bias would occur once price closes above the upper Trendline, and a bearish bias would occur once price closes below the lower Trendline.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

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Physiomics PLC shoots upwards massively like Bitcoin

Physiomics PLC stock (LSE:PYC) has shot upwards massively, just like Bitcoin. This follows the long-term consolidation (base line), which held out for several months. The recent massive, bullish breakout has ended that.


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 flat, reflecting the past tight consolidation in the market. However, the 4 EMAs would start sloping upwards.

Physiomics is now in an uptrend, that is supposed to be sustained as the ongoing bullish breakout is sustained.

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 
                                               


Monday, November 27, 2017

NETELLER: A powerful binary options strategy


Binary Options trading is one great way to make money from the markets.

We’ve customers who pull out consistent dollars from binary options trading.

I also have a good binary options strategy which I developed based on my own experience in the markets. It’s 100% manual and discretionary.

I used to use it on a daily basis. But I discovered that it works best on Fridays. If I lost money in other days of the week, I recovered them on Friday.

Therefore, I restricted my trading to Fridays only.

The result? 75% accuracy.

In binary options, since risk is usually greater than reward, you need at least 70% accuracy in order to remain profitable in the market. This is exactly what I’ve achieved.

I used to enjoy using the strategy on ZuluTrade.

When I started on ZuluTrade, my ranking was around 35,000th of all the signals providers. But I eventually worked my way to 2,000th, 500th, 200th, 85th, 50th, 32nd, 17th, etc. positions.

Sometimes, the positions got better, sometimes it got slightly worse.

I was making profits… Though the competition in the trading world is fierce. There are many brilliant traders in the world.

Then after a few years, Zulutrade announced that they’d stop supporting binary options trading. At that time, I was already at the number 7th in the Zulutrade world ranking (including Europe).

To be among the top 10, out of many thousands of traders on a platform, isn’t an easy task. Your strategy must be exceptionally good.

That was exactly what I achieved with my simple binary options strategy, which I used on Fridays only.

The Strategy
Trading days: Fridays only
Signals: Friday’s fundamental figures affecting USD and CAD
Number of trades: 2 – 4 per week
Trading duration: Maximum of 12 hours.
Accuracy: 75%
Call rule: Classified
Put rule: Classified

Please see the attached screenshot to see the strategy summary, which was taken before ZuluTrade stopped supporting binary options.

NB: If you want to learn this strategy, contact us please. It’s very simple.





NETELLER at Parallel Market Rates
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Why exchangers should not betray their customers

There are honest and reliable exchangers out there.

Most customers of exchangers don’t go to the exchangers offices. They just locate them online, contact them, sign up on their websites, and then transfer digital currencies or Naira cash to them. And they are never disappointed.

Some customers are not so lucky. They transfer digital currencies or Naira cash to exchangers who turn out to be fraudsters. They lose their hard-earned money.

That’s why some customers would never want to do business with exchangers until after they locate their offices.

Needless to say, we have many customers who have never seen us face-to-face and they’re very happy with our services.

If an exchanger doesn’t have an office, or they tell you that you should not come to their office or you cannot locate their office; please do not do business with them.



Customers Do Online Exchange Business With Exchangers Because Thy Trust Them. Period.

Exchangers should therefore, not betray that trust.

If customers send you Naira cash, please process their orders. If you cannot process their orders quickly, tell them and let them know the reason. If you cannot process their orders at all, send their cash back to them.

If customers send you digital currencies, please process their orders. If you cannot pay them quickly, tell them and let them know the reason. If you cannot pay them at all, refund their digital currencies.

If you would need to delay customers, please let them know and how long the duration would be (providing that they agree to that).

IF YOU BETRAY THE TRUST A CUSTOMERS HAS IN YOU, YOU CAN NEVER GAIN THAT TRUST BACK.

Forget about advert campaigns. Forget about online customers support (who cannot really make any decisions). Forget about the beauty of your websites or your coding skills. Forget about any other things.

At the end, what matters most is for you to retain the trust your customers have in you. If you betray a customer, you lose that customer forever. If you lose one customer you have automatically lost 10 customers.



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The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.