Adsense

Sunday, May 28, 2017

Daily analysis of major pairs for May 29, 2017

 The GBP/USD moved sideways from Monday to Wednesday, and then began to come down on Thursday. Price went downwards from the distribution territory at 1.3000 towards the accumulation territory at 1.2800 (a drop of 200 pips). The outlook on GBP pairs is bearish for this week and for the month of June 2017. Though the markets are supposed to become quiet in June, GBP pairs would trend seriously.

EUR/USD: This pair moved sideways last week, oscillating between the support line at 1.1150 and the resistance line at 1.1250. The resistance line at 1.1250 was tested several times without success but, it would be breached to the upside this week. The outlook on EUR pairs is bearish for June (though some EUR pairs would make bullish attempts). It is expected that the resistance line at 1.1250 would be breached to the upside this week.



USD/CHF: This currency trading instrument consolidated last week, testing the support level at 0.9700 several times without breaking it to the downside, and also not going above the resistance level at 0.9800. The Greenback is supposed to become weak this week; while the Swissie would be strong: Hence a bearish movement on the USD/CHF. The support level at 0.9700 would be breached to the downside this week as price goes further south. However, this trend would be reversed when the EUR/USD plummets in June.

GBP/USD: The GBP/USD moved sideways from Monday to Wednesday, and then began to come down on Thursday. Price went downwards from the distribution territory at 1.3000 towards the accumulation territory at 1.2800 (a drop of 200 pips). The outlook on GBP pairs is bearish for this week and for the month of June 2017. Though the markets are supposed to become quiet in June, GBP pairs would trend seriously.

USD/JPY:  Last week, this currency trading instrument went between the supply level at 112.00 and the demand level at 111.00. The bias is bearish in the short-term and neutral in the long-term. The demand level at 111.00 would be breached to the downside as the instrument becomes weaker. The markets would generally become quiet in June. However, JPY pairs would trend nicely.

EUR/JPY: The EUR/JPY did not do anything significant last week, save the shallow bearish run that was seen on May 26. It is possible that price would go upwards this week, but that is limited, owing to the expected bearishness in the market. The outlook on JPY pair is bearish for June 2017, and the EUR.JPY may lose about 300 pips within the next two weeks, potentially leading to the end of the current bullish bias on the market.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group




Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 



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

Saturday, May 27, 2017

Weekly Trading Forecasts for Major Pairs (May 29 – June 2, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
This pair consolidated last week, moving between the resistance line at 1.1250 and the support line at 1.1150. The resistance line at 1.1250 was tested several times, but it could not be broken to the upside, owing to the ongoing consolidation. A breakout is anticipated before the end of the week, which would most probably favor bulls as the resistance line at 1.1250 is broken to the upside, but the outlook on the market is bearish for June 2017. It should be noted that certain EUR pairs may not go bearish in June.




USDCHF
Dominant bias: Bearish
This pair went sideways last week, in the context of a downtrend. Price oscillated between the support level at 0.9700 and the resistance level at 0.9800. The support level at 0.9700 was tested several times and it could not be breached to the downside – and that is exactly what would happen this week – a breakout to the downside. This week, the Greenback would be weak while the Swissie would be strong: Hence further bearish movement in the market as the support level at 0.9700 is broken to the downside. This trend would reverse when EURUSD plummets in June.

GBPUSD
Dominant bias: Bullish   
GBPUSD is bullish in the long-term, but bearish in the short-term.  The market was caught in an equilibrium phase from Monday to Wednesday, and then went southward on Thursday and Friday, dropping 200 pips from the distribution territory at 1.3000 to the accumulation territory at 1.2800 (a well-anticipated occurrence). The outlook on GBP pairs is bearish for this week and for the month of June. Markets would generally be quiet in June, but GBP pairs would trend seriously, going bearish in most cases.

USDJPY
Dominant bias: Neutral
The market is neutral in the long-term, but bearish in the short-term. There was no significant movement last week, but things could become significant before the end of this week. The demand level at 111.00 was tested many times last week, and without success. The most probable movement is southwards, as the demand levels at 111.00, 110.50 and 110.00 are breached to the downside.

EURJPY
Dominant bias: Bullish   
There was no significant movement on EURJPY last week, save price went slightly bearish on Friday, in the context of an uptrend. The markets would generally be quiet in June 2017, while JPY pairs trend seriously nonetheless (just like GBP pairs). The outlook on JPY pairs is bearish for June; plus the most probable direction is southwards. EUR/JPY would go downwards by at least, 300 pips within the next two weeks, and that would lead to the end of the current bullish bias.     

This forecast is concluded with the quote below:

“My personal definition of successful money management is to limit losses while at the same time providing you with an adequate opportunity to realize a profit from the trade.” – Andy Jordan



  
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 
                                                






Wednesday, May 24, 2017

There is a bearish signal on Hurricane Energy

Hurricane Energy shares (LSE:HUR) have generated a new bearish signal. The bearish signal could become significant over time, resulting in a serious bearish trend.


The price has been going upwards since July 2017, until recently.  There is a now a movement below the EMA 21, while the Williams’ % Range period 20 is in the oversold territory. There is a bearish signal in the chart, which means price is expected to go further and further downwards very soon.

Hurricane Energy is expected to go more and more southwards within the next several months. The accumulation territories at 50.00, 40.50 and 40.00 are the target for the bear.

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


Stay away from Xtract Resources!

Xtract resources stock (LSE:XTR) is a no-go area for those who invest logically. The price has just been going sideways for the past several month, and that has formed an extremely tight base.


Although the ADX period 14 is above the level 80 (strong momentum), while the DM+ is above the DM- (bullish signal), the MACD, default parameters, is flat. The signal lines and histogram, are almost as flat as the zero line. That means the market should be disregarded until there is a rise in the momentum.

On Xtract resources, price is flat, and the base is strong. However, there would soon be a rise in the momentum, which, according to the ADX, might favor the bull.

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 

Winners of Our N100,000 Cash Prizes


Registration/Verification for NETELLER Business: Winners of N100,000 Cash Prizes


Hello Traders:

Thank you for registering and getting verified on www.instantforex.com.ng

People began to register as soon as the email notice went out. Not everybody who registered got verified, and reasons are these:

1.      Wrong documents formats uploaded (we accept only JPEG and PDF formats).



2.      Incomplete documents. We need your passport photo and any government-issued ID. If you send only one of these two, you cannot get verified.

3.      Documents that have poor resolution or which are unclear.

4.      You cannot respond to the Neteller account/email you registered because it’s not your email.

5.      You entered fake or incorrect information (This would result in banning you from using our services).

Those who haven’t been verified have been contacted and advised on what they need to do.

OUR WINNERS (N20,000 X 5):
Meanwhile, these are our winners:

Winner 1:
Name: Ugoji E.
Bank: GTBank
Neteller account: eug…@gmail.com
Reward: N20,000

Winner 2:
Name: Oladipupo J.
Bank: Access Bank
Neteller account: dej…@gmail.com
Reward: N20,000

Winner 3:
Name: Margaret C.
Bank: Access Bank
Neteller account: mas…@yahoo.com
Reward: N20,000

Winner 4:
Name: Aminu D.
Bank: GTBank
Neteller account: ta9…@gmail.com
Reward: N20,000

Winner 5:
Name: Ajala F.
Bank: Diamond Bank
Neteller account: afa…@yahoo.com
Reward: N20,000

NB: The winners were chosen in the order in which they got verified, not in the other in which they registered. All the winners above were paid on Monday – May 22, 2017.

We apologize to our winners who may be offended by the publication of some of their info. We just had to do it, and that’s why we didn’t reveal your full names, full Neteller accounts and we did not publicize your bank account numbers.



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

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 

Sunday, May 21, 2017

Daily analysis of major pairs for May 22, 2017

The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher.

EUR/USD: The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher.

USD/CHF: This currency trading instrument lost 270 pips last week, closing below the resistance level at 0.9750. Price has lost 340 pips since May 12 – something that has resulted in a strong Bearish Confirmation Pattern in the market. The outlook on the USD/CHF remains bearish for this week, and further southwards movement would be witnessed as the support levels at 0.9700, 0.9650 and 0.9600 are being tested.




GBP/USD: This pair consolidated in the first few days of last week, and then trended upwards, to emphasize the recent bullish outlook on the market. Price is now above the accumulation territory at 1.3000, going towards the distribution territory at 1.3050, which should be breached this week as price rallies more and more.

USD/JPY:  The USD/JPY experienced a major pullback last week. In the first few days of the week, price lost about 300 pips, before consolidating in the first few days of last week. There is a bearish outlook on the market, and it would continue to be logical as long as price does not go above the supply level at 114.00 (which would, however, require extraordinary buying pressure).

EUR/JPY: This cross pair went upwards on Monday and Tuesday, came down on Wednesday and Thursday, and then went up again on Friday. Unlike its USD/JPY counterpart, the EUR/JPY cross has not gotten bearish, and one factor helping the situation is a measure of strength in the EUR itself. Price could gain additional 200 pips this week, especially when the Yen becomes weak.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group




Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 



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

Saturday, May 20, 2017

Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

Here’s the market outlook for the week:


EURUSD
Dominant bias: Bullish
This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at 1.1250, 1.1300 and 1.1350 may be tested this week. This however, does not rule out possibilities of pullbacks in the market, because EUR would rise against some currencies while falling against others.

USDCHF
Dominant bias: Bearish
USDCHF plummeted last week, losing 280 pips and closing below the resistance level at 0.9750. Price has fallen by 340 pips since May 12, and further fall is expected this week. The support levels at 0.9700, 0.9650 and 0.9600, may be tested this week, owing to the Bearish Confirmation Pattern in the market. USDCHF would continue to trend southwards as long as EURUSD journeys northwards.


    

GBPUSD
Dominant bias: Bullish   
GBPUSD was able to maintain its bullishness last week. The market closed above the accumulation territory at 1.3000 on Friday, going towards the distribution territory at 1.3050 (which may be tested or even breached to the upside). On the other hand, there is also a possibility of a deep bearish correction this week, because bearish movements may occur on certain GBP pairs, and the ripple effect may affect GBPUSD.    

USDJPY
Dominant bias: Bearish
The market went bearish last week, thus invalidating the bullish signal that was formed earlier this month, and creating a new short-term bearish signal. Price has dropped roughly 290 pips last week, slashed the demand level at 110.50, and closed above the demand level at 111.00. The demand levels at 110.00 and 109.50 may try to reject any meaningful bearish movement, for the outlook on JPY pairs is bullish for this week. Some form of reversal may be witnessed in the market.


EURJPY
Dominant bias: Bullish   
This cross pair is still bullish, while being volatile in the long-term. Price has formed a zigzag pattern in the market: It went up on Monday and Tuesday, came down on Wednesday and Thursday, and then went upwards again on Friday. The present “buy” signal can push price towards the supply zones at 125.50, 126.00 and 127.50. These targets might even be exceeded, especially given the expected bullish movements on JPY pairs.     

This forecast is concluded with the quote below:

“New and creative trading ideas are important for a trader to be able to stay ahead of the crowd, so doing whatever you can to prepare your mind to consider new ideas will help to develop creative trading strategies that are essential to profitable trading.” – Joes Ross



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, May 19, 2017

Premier Oil to Collapse Soon

Premier Oil shares (LSE:PMO) may soon experience a severe pullback, based on what is happening in the market at the moment.

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 slightly sloping downwards while price is below most of them. The most important thing is that price is below the EMA 200, which reveals a long-term weakness in the market.

When volatility returns to Premier Oil, it would most probably be to the downside. More sideways movement is anticipated this year. The demand levels at 50.0, 40.0, and 30.0, may be tested.   


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Trader's 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 

WPP PLC – a sideways market

WPP PLC stock (LSE:WPP) is a sideways market. Price has been moving sideways since April 2017, oscillating between the upper Trendline and lower Trendline.


A breakout is imminent in the market, which may take price out of either of the Trendlines. A movement above the upper Trendline would signal a bearish bias while a movement below the lower Trendline would signal a bullish bias.

However, a closer look at the market reveals that a movement to the upside is more probable, when the market goes out of balance. This assumption is also confirmed by the RSI period 14, which is now slightly above the level 50. This means that WPP would go up when there is a breakout.

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 

                                                

Wednesday, May 17, 2017

Register for Neteller business on our website and win N100,000 cash prizes

Hello Traders:

ItuGlobal has become the first exchanger to permanently offer Neteller at parallel market rates.

Needless to say, Neteller business (funding and withdrawal) has resumed.

This time around, we are doing it BIG.  We want you to understand how we do our business, and the information has been sent in a separate email message.



We have dedicated a new website to Neteller only; and the website is www.instantforex.com.ng. The old website, www.ituglobalfx.com.ng, would be in charge of Perfect Money, Payeer and Epay.

FINANCIAL REWARD FOR THOSE WHO REGISTER ON OUR NEW WEBSITE
We are giving N100,000 out (Instant Transfers), to the first 5 persons to register and get verified on www.instantforex.com.ng.

Each person, who is successfully registered and verified, would get N20,000. We are choosing only 5 customers for this, and it would be on a first-come-first-served basis.

When you register on the website, you would go through 2 levels of verification (passport photo and ID, and then, email address verification).

Once you are done, we would transfer N20,000 free cash to your bank account. You do not need to buy or sell Neteller to get that money. You do not need to open any trading account to qualify.

Names of winners would be published next week, and they would have gotten their cash gifts before then.


Enjoy Neteller rates at parallel market rates. 

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 
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.