Monthly Technical Reviews on Gold and Silver (April 2015)

GOLD (XAUUSD)

Dominant Bias: Bullish

The dominant bias on Gold has turned bullish as bulls are making effort to push price north. This fact has proven to be true in the last few weeks. There is a Bullish Confirmation Pattern in the market and it is likely that bears effort will often be frustrated, enabling the resistance levels at 1215.00 and 1220.00 to be attained. So it is expected that Gold would continue its upwards journey against all odds, unless the support levels at 1175.00 and 1170.00 are breached to the downside. It is the only event that can put the existing bullish outlook in jeopardy.

SILVER (XAGUSD)

Dominant Bias: Bullish   

The bias on Silver is bullish, but the present price action in the market has put the bias in a precarious position. It is rational to conclude that bulls could continue to put occasional selling pressure in check (especially as long as Gold is also able to maintain its near-term strength).  The targets to be attained are situated at the supply levels at 17.5000 and 18.0000. The bullish bias would be valid as long as the demand levels at 16.2000 and 16.0000 are not broken to the downside.  This mean that the demand level at 16.2000 should first be broken and later, another demand level at 16.0000 should be broken. Then the dominant bullish bias would be over.

Source: www.tallinex.com

What Super Traders Don’t Want You To Know: Super Traders

Weekly Trading Forecasts on Major Pairs (April 6 - 10, 2015)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bullish

This pair first traded downwards last week, reaching the support line at 1.0750. Around that support line, further bearish movement was rejected and price rose by 250 pips. There is now a clean Bullish Confirmation Pattern in the chart: there is a possibility that the resistance lines at 1.1050 and 1.1100 could be challenged this week. The support lines at 1.0950 and 1.0800 should try to resist possible bearish plunges along the way.

USDCHF

Dominant bias: Bearish   

Greenback is weak and Swissie is strong – hence the current bearish outlook on USD/CHF market. Price tried to rally last week, reaching the resistance level at 0.9750, but further rally was rejected there and price nosedived. The bears are now testing the support level at 0.9500; they might push the price towards the support levels at 0.9450 and 0.9400. With more intense bearish pressure, the price might even go beyond those support levels.

GBPUSD

Dominant bias: Neutral

Last week, price on GBPUSD moved between distribution territory at 1.4850 and the accumulation territory at 1.4750, before a breakout to the upside occurred.  In spite of the bullish breakout, which happened on April 3, 2015, the market is generally trendless. The market is now above the accumulation territory at 1.4900, and things would turn bullish as soon as the distribution territory at 1.5000 is overcome. Any movement below the accumulation territories at 1.4850 and 1.4800 will simply reinforce the existing neutral bias.

USDJPY

Dominant bias: Bearish    

All bullish effort on this currency trading instrument has been rendered useless. In fact, long trades are no longer sensible here, for the trend has turned bearish. Generally, the outlook on JPY pairs for the month of April is bearish and the weakness may start before the end of this week or next week. The next barrier the bears will have to overcome is the demand level at 118.50, which is currently an obstacle to the bearish outlook.  

EURJPY

Dominant bias: Bullish

One of the factors that account for the strength in this market is the fact that EUR is strong. It is probable that the strength will continue, which may make the market go further upwards. Therefore, the supply zones at 131.50 and 132.00 could be attained. One thing should be noted: the outlook on JPY pairs for this month is bearish and this cross would go up only as long as EUR is stronger than Yen. Whenever Yen becomes stronger than EUR, the cross would plummet.    

This forecast is concluded with the quote below:

“…Look at what the market is doing right now. When it’s going up, then buy. When it stops going up, then sell. And when it’s going down, go short or stay out. It’s that simple.” – Dr. Van K. Tharp

Source: www.tallinex.com

  

What Super Trader Don’t Want You To Know: http://www.advfnbooks.com/books/supertraders/index.html

What Super Traders Don’t Want You To Know

“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?”

The markets offer riches that can’t be accessed unless you become a trader or an investor. Despite your trading experience, you’re to stand your ground in determination, no matter the challenges and uncertainty in the markets. Refuse to give up or give in to the pressure to quit. Imagine if setting a goal for yourself, you planned to make a certain percentage within a month or a quarter, but you ended up reaching that goal only after six months or one year; don’t feel bad. Instead, say, “I’ll meet the goal sooner next time.” You don’t need to be discouraged simply because you fail to meet a goal for a period of the time.

We believe it’s possible to make profits in the markets, and that can be done consistently on annual basis. What you don’t believe, you don’t get empowered to become.  We don’t care what causes the beginning of a long-term bias in a market. What matters is that we profit from the bias, without knowing why the bull and the bear take their positions. Many people make money from long-term biases, and certain people lose; but a determined trader will not quit.  If a horse throws off a determined rider, she or he will mount it again.

“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did,” said Mark Twain. Poverty has become widespread and it’s bound to continue increasing globally. Think about your loved ones and your future. Think about your children and your financial security when you become old. Do you want your child to be richer than you? Please think about teaching your kid the art of trading, for it doesn’t hurt if your kid becomes the wealthiest person in your family.

Trading is one of the greatest jobs and one of the highest paying jobs in the world, but it’s also one of the most challenging. When the challenges are overcome, honestly, things would become easier than thought. Our breakthrough begins in a new direction, for speculation is a fantastic lifestyle in which our brains help us make money and our self-control helps us remain permanently successful.

WHAT SUPER TRADERS DON’T WANT YOU TO KNOW. Super Traders: http://www.advfnbooks.com/books/supertraders/index.html

Copyright: Advfnbooks.com

This piece is ended with a quote from Mercedes Oestermann van Essen. The quote at the beginning of the price is also from her:

“Becoming comfortable with who you are, and learning what motivates you in a positive and expansive way is the first step on the road to lasting trading success and financial freedom.” 

Annual Trading Forecast on ADVFN (2015)

ADVFN shares (LSE:AFN) look promising, showing a great deal of energy. The price consolidated last year and broke upwards significantly this year. The price topped at the supply level at 130 and then retraced lower towards the near-term demand level at 117. We know this is a bull market, but buyers should look for optimal entry price points. What you know is only useful when it is used rationally.

In addition to the breakout from the upper Trendline in the chart, the RSI period 14 is also staying above the level 50. There is clearly stamina in the market and while occasional southward retracements may be expected, they would simply end up forming lower highs as the price goes for higher highs.   

The ADVFN price may reach the supply levels at 160, 170 and 180 this year; as the price meanders its way further north. We should not see trading as being a tug of war between the bulls and the bears because these souls are the secret behind the movement in the market, which enables us to profit from the market movement. Without movement in the market, there cannot be profit.

This forecast is ended by the quote below:

“Your trading journal is not meant to be a life diary. It is meant to assist you to focus on what matters. What matters is that you re-train your mind to think naturally in terms of opportunities, even in the face of adversity.” - Mercedes Oestermann van Essen

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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

Annual Trading Forecast on Exxon Mobil (2015)

Exxon Mobil stock (NYSE:XOM) is very weak right now. The stock trended downwards towards the end of last year (2014), and it went further downwards this year. Things have been bearish so far.

In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown on the top left part of the chart. As it can be seen, all the EMAs are sloping downwards, signifying a serious weakness in the market. The weakness is supposed to continue as new sellers join the market, going short anytime the price tests the EMA 20 or 50.

The bull often tries to push up the price in the market, but this is countered by the bear, and therefore, any rally in this market is an opportunity to sell (unless there is a Golden Cross, which is a situation in which the price crosses the EMA 200 above and closes above it). The bull has proven to be ineffectual in this market.  A creature calls itself a hawk, but it is unable to carry a mouse or a lizard.

The accumulation territories at 60.00 and 50.00 may be tried this year.

This forecast is ended by the quote below:

“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?”- Mercedes Oestermann van Essen

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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