Daily analysis of major pairs for April 30, 2018

Daily analysis of USD/CHF for April 30, 2018

USD/CHF

This pair went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been tested and it would be tested again, and get breached to the upside.

There is a Bullish Confirmation Pattern in the chart, which portends further bullish movement in favor of buyers. That is when price would target additional resistance levels at 0.9950, and ultimately 1.0000.

Daily analysis of USD/JPY for April 30, 2018

USD/JPY

The USD/JPY is a bullish market. Price started rallying last month, and it rallied considerably last week. The bias on the market has thus turned completely bullish as price neared the supply level at 109.50, and it is now close to the demand level at 109.00…  However, price may not be able to go protractedly upwards again, because there is a very strong bearish outlook on JPY pairs for this week, and for May 2018.

 Long positions should be liquidated because bulls will suffer seriously in May. Further downwards movement would result in a Bearish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 30, 2018

EUR/JPY           

The EUR/JPY did not made any strong directional movement last week. Price made a weak bullish effort on Monday and Tuesday, consolidated on Wednesday and then got a bearish correction on Thursday and Friday. Although the ongoing bias is bullish, bulls are obviously getting weaker and weaker, showcasing their lack of interest in pushing price upwards.

The recent bearish correction may eventually turn out to be something significant. A large movement is expected on EURJPY in May, and it would mostly favor bears. Should that occur, things would turn vividly bearish.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

                                                                                                                    

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html 

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Bitcoin Weekly Price Analysis – April 28

BTCUSD Long-term Trend – Bearish

 

Distribution territories: $11,000.00, $12,000.00, $13,000.00.

Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

BTCUSD, like many other digital assets across the globe, witnessed a volatile price decline on April 25. The BTC market prices are averaging a bit above the distribution territory of $9,000.00 right now, after tumbling below the accumulation territory of $8,000.00. The chart shows that the BTC bulls hit some strong distribution territories, very close to $10, 000.00.

The Simple Moving Average 13 has crossed the the 50 one from below. This indicates that some of the downturns may be short-lived and the path distribution territory will be headed northward. The Stochastic Oscillators have dipped into the overbought zone, but is still pointing northward. The sentiment remains that the bulls need to break the distribution territory again, above the $10,000.00 distribution territory, to have a better stride. There can also be some pit stops between $9,000.00 and $11,000.00 distribution territories. Traders should be cautious of taking short trade entries at this point in time to avoid selling at lower prices as a result of panic.

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

Weekly Trading Forecasts for Major Pairs (April 30 – May 4, 2018)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bearish

This pair experienced a strong bearish movement last week, dropping 230 pips, and nearly reaching the support line at 1.2050. However, price closed above the support line at 1.2100, and that might be a good opportunity to sell short at a better price, for price may continue going downwards this week, because USD keep on being strong. The support lines at 1.2100, 1.2050 and 1.2000 are the next targets. EUR pairs will also experience strong volatility in May.  

USDCHF

Dominant bias: Bullish

This trading instrument went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been tested and it would be tested again, and get breached to the upside. That is when price would target additional resistance levels at 0.9950, and ultimately 1.0000.

GBPUSD

Dominant bias: Bearish

GBPUSD shed 250 pips last week, and it has shed more than 600 pips since April 17. There is a huge Bearish Confirmation Pattern in the market, which portends possibility of further southwards journey. The accumulation territories at 1.3750, 1.3700 and 1.3650 could be reached before the end of the week. The accumulation territory at 1.3750 was tested last week, and it would be tested again this week, for the outlook on GBP pairs remains bearish. GBP pairs will also experience high volatility in May.

USDJPY

Dominant bias: Bullish

Price started rallying last month, and it rallied considerably last week. The bias on the market has thus turned completely bullish as price neared the supply level at 109.50, and it is now close to the demand level at 109.00…  However, price may not be able to go protractedly upwards again, because there is a very strong bearish outlook on JPY pairs for this week, and for May 2018. Long positions should be liquidated because bulls will suffer seriously in May.

EURJPY

Dominant bias: Bullish    

This cross did not made any strong directional movement last week. Price made a weak bullish effort on Monday and Tuesday, consolidated on Wednesday and then got a bearish correction on Thursday and Friday. Although the ongoing bias is bullish, bulls are obviously getting weaker and weaker, showcasing their lack of interest in pushing price upwards. The recent bearish correction may eventually turn out to be something significant. A large movement is expected on EURJPY in May, and it would mostly favor bears.

GBPJPY

Dominant bias: Bearish

Just like EURJPY, albeit in a significant mode, this cross pair made a clear bullish effort on April 23 and 24, then ranged on April 25; only to dip on April 26 and 27. The dip on April 27 was strong enough to enforce a formation of a Bearish Confirmation Pattern in the market. Given the weakness in GBP and a bearish outlook on JPY pairs (Yen would become strong), this cross would continue to go further southwards, reaching the demand zones at 150.00, 149.50 and 149.00 this week.

This forecast is concluded with the quote below:

“What you need is the safety of a detailed trading plan: specific guideline to follow. Making a plan follows the wisdom of any job being 80% preparation and only 20% execution. The more clearly the plan is laid out, the easier it is to follow. And when the plan is easy to follow, it's likely that you'll stick with it. You'll be disciplined and in control of your emotions and thought processes.” – Andy Jordan (Source: Tradingeducators.com)

Source: www.tallinex.com

  

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  

  

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 

                                               

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

Why customers don’t usually email exchangers

Why do some customers don’t bother to email exchangers? The answer is simple.

It’s because they won’t get any response.

Yes, they won’t get any response. Many people are great at designing good websites, but they get zero rating when it comes to customer support.

Customer support is one of the most important attributes of an exchanger, but sadly, certain exchangers are found wanting when it comes to good customer support.

When an exchanger is in the habit of not replying to email, they discourage serious customers (who need help) from sending email.

One of the attributes of a good exchanger is the ability to respond to relevant email messages as quickly as practicable.

It’s understandable that most email messages are irrelevant to one’s business. However, it’s important to answer pertinent email enquiries from customers.

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

Disadvantages of PhDs

What is the dark side of PhD?

Here are some dark sides of PhDs.

Impostor syndrome. You feel that you are not good enough. You always question yourself.

Tunnel vision. PhDs are trained to become expert in their fields. With such intense focus, PhDs may end up being experts but not know much about other things. For me, I used to have lot more interests before the PhD but after PhD, well, I just really like my research.

Mental illness. There is depression and other kinds of mental illness. Lot of PhDs are super stressed! It is not good for them or their loved ones.

Health issues. Many PhDs sacrifice their health. Many just work with not much exercise, rest, or good diet. That leads to pretty bad health outcomes.

Overly critical. As a PhD, we are taught to analyze and break things down. That is good for research but not so good for real life. I have seen friends argue over simple things just because they could not take a joke but instead had to systematically break it down. In spousal relationships, I have heard a PhD student tell his wife why he is absolutely right by breaking down the argument and doing something like a full presentation. That did not go well for him.

Bias! Most schools teach their PhD students in certain ways. This creates lot of bias. For instance, market efficiency people will literally think that market irrationality people are not smart and even crazy. Because of training, PhD students may have certain strong biases.

Opportunity cost. Many people forego lot of income and fun because of PhD. I know people that could have been VP if they did not do a PhD. They literally give up a lot of money and fun.

Despite all these negative issues, I still enjoyed my PhD. I learned a lot. I learned how little I know. I became more humble. I also learned how to question things and do my best to answer interesting question.

Along the way, I made good friends and I got good life lessons from professors and staff.

So although the PhD was quite intense for me, it was worth it for me.

Source: https://www.quora.com/What-is-the-dark-side-of-PhD-1  

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

Boohoo.com dips, rallies, and to dip again

Booohoo.com stock (LSE:BOO) started going southwards in early 2018, and the southwards movement was maintained until recently, when price bounced seriously upwards.

The upwards bounce took price above the lower Trendline, but it may go below it again. The RSI period 14 is in the overbought region.

 

Should price go above the upper Trendline, the bias on the market would become bullish. Should price go downwards from here, things would blend with the predominant bias on the market (bearish).

Since the recent bias on the market is bearish, it is assumed that a movement to the south would be the predominant thing on Boohoo.com this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  

  

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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Melrose Industries to remain an ugly market

Melrose Industries shares (LSE:MRO) are not a sexy market. In fact, it is an ugly market. After the brief rally of December 2017 and January 2018.

Since then, the market has been experiencing short-term upswings and downswings. Moving between the resistance level at 240.00 and the support level at 200.00. The current short-term swings should continue for some weeks or months… But…

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 and the top left part of the chart. The movements of the EMAs are flat – the market is ranging.

That will end as price goes above the resistance level at 240.00, moving above it and going further upwards. Or price may go below the support level at 200.00, thus creating a bearish bias.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities

  

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

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Ethereum Price Analysis – April 25

ETHUSD Medium-term Trend: Bullish

Resistance: $680, $670, $660

Support: $620, $630, $640

Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was broken by the bears on March 13, 2018. Today, the asset is trading at $644.55 at the time of writing.

Nevertheless, in the weekly chart, the ETHUSD pair traded up to $709, but was resisted by the bears. The price fell to the $640 low. However, although the price has fallen as per the indicators and price action; the overall trend is bullish. In the weekly chart, the MACD line and the signal line are below the zero line, indicating that the market is bearish.

The 12-day EMA is above the 26-day one and are below the price, indicating that the bullish trend is ongoing.

ETHUSD Short-term trend: Ranging

n the daily chart, the price is in a range bound movement. Ethereum was ranging at the $700 resistance level. At $670, the bulls took the price to the resistance zone and were resisted by the bulls at $710. Then there was a pullback to the $640 low when the market went into a range bound movement.

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

Daily analysis of major pairs for April 23, 2018

Daily analysis of USD/CHF for April 23, 2018

USD/CHF

This pair has been going upwards. 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.

This is a bull market and it is good for long trades. 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.

Daily analysis of USD/JPY for April 23, 2018

USD/JPY

The USD/JPY 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, price could go upwards a little bit. The reversal may be strong enough to take price towards the demand level at 107.50. Yes, there is a Bearish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 23, 2018

EUR/JPY

The EUR/JPY is bullish 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. 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.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

                                                                                                                    

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html 

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

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

Bitcoin Weekly Price Analysis – April 21

BTCUSD Long-term Trend – Bearish

 

Distribution territories: $10,000.00, $11,000.00, $12,000.00.

Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

Though the trend outlook in the BTCUSD long-term trend chart is still bearish. Bitcoin has been making a more appreciable rebound against the US dollar since 12th of April, while producing a dramatic northward spike. There have been many higher lows than lower lows on the pair. The stochastic oscillators have now found a fresh dipping into the overbought zone.

The bullish candlestick formed on April 12, has breached past the simple moving average 13, leading the price action hover toward the trend line of the simple moving average 50. The price has been trading between the accumulation territory of $7,000.00 and a bit above the distribution territory of $8,000.00. The BTC/USD chart has shown a bullish reversal above the southward trend line, and if the bears manage to claw the price down, then there can be some smaller thick accumulation territories below the $8,000.00 distribution territory. In this regard, investors can watch out for taking a long entry while the price reverses.

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

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

Source: www.tallinex.com

 Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  

  

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

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