A Northward Breakout Expected on TomCo Energy

TomCo Energy shares (LSE:TOM) are expected to experience a breakout to the upside, which may happen this week or next. The volatile market has been making shallow but protracted bearish attempt, but there would soon be a breakout to the upside.

The ADX period 14 is not above the level 30, meaning that the momentum in the market is low. The DM+ is below the DM-, for this is a bear market.  As for the MACD default parameters, the signal lines and the histogram are blended with the zero line. This is an equilibrium market in which there would soon be a breakout in favor of the bulls. It  would eventually result in a Bullish Confirmation Pattern. As long as a dominant bias exists, it should be harnessed in our favor, for trading live money is different than trading virtual money.

Therefore, TomCo Energy may try the accumulation territory at 0.100, while the long-term targets are situated at the distribution territories at 1.000 and 2.000. Good signals are designed to be used defensively so that portfolios are kept safe in the face of the vagaries of the market.

This forecast is ended by the quote below:

“If you decide that you don't care about losing your job, then a job loss wouldn't matter to you. If you decide that a trading loss is just part of business as usual, then you won’t let the loss have a great impact on your emotions.” – Joe Ross

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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

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

A Nice Trading Opportunity Emerges on New World Oil

New World Oil stock (LSE:NEW) has shown that a new trading opportunity would inevitably be generated soon, based on the current price action. This is an attractive market indeed.

For several months, the stock has been trending downwards, while also consolidating to the downside. The price is now under the EMA 21 and the Williams’ % Range period 20 is in the oversold region. In reality, this is a bear market which may go further downwards by up to 80 points, enabling the price to reach the great support level at 0.005. But…

There is a high probability that the price would break out soon; moving upwards gradually or significantly. A great opportunity has emerged for the bulls indeed. The coming bullish phase could hold out longer than expected, for the market can go upwards by thousands of points. When the market is strong, bearish signals would be bogus in most cases.

Please let us not forget that we need to manage our risk as we trade this stock. As one expert notes, in trading, entrepreneurship, and competitive sports are not easy. They require moving forward in the face of many small losses and rejections.

This forecast is ended by the quote below:

“Thus far our success has been based on a humble approach where we admit that we don’t know everything there is to know and we must always have an open mind to learn more and more. Success in investing comes from continuously learning and keeping an open mind.” – Mark Mobius

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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

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

Monthly Technical Reviews on Gold and Silver (May 2015)

GOLD (XAUUSD)

Dominant Bias: Bearish

Gold has been a highly volatile market, with upswings alternated by downswings. In spite of this high volatility, the bias remains bearish and the price has a high probability of going further south, reaching the support levels at 1160.00 and 1150.00 this month. However, this would not happen without visible efforts from the bulls, who would be doing all they can to prevent the southwards journey. Occasional rallies, which should be short-term in nature, should be expected this month. These rallies would offer sellers good opportunities to sell short when price rallies in a context of a downtrend. As long as the rallies do not take price above the resistance level at 1220.00, the bias would be considered bearish.

SILVER (XAGUSD)

Dominant Bias: Bearish    

Silver is also a bear market, though price is currently trying to go north (this is something that pales into insignificance when compared with the overall bearish bias). While a movement above the supply level at 16.5000 would result in a threat to the extant bearish outlook, things would not really go bullish until another supply level at 17.0000 is breached to the upside. Meanwhile, the demand levels at 15.5000 and 14.0000 are potential targets for the bears this month.

Source: www.tallinex.com

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

Daily analysis of major pairs for May 4, 2015

The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong.

EUR/USD: This pair moved upwards strongly in the most part of last week. The pair moved upward by at least 400 pips. While more bullish journey cannot be ruled out, this would depend on the Euro sustaining its stamina, because any weakness in the Euro may cause the market to tumble.

USD/CHF: As it happened last week, the movement on USD/CHF would largely be determined by what happens to the EUR/USD. As long as the latter is strong, the former would be weak. The price is currently below the resistance line at 0.9350, going towards the support line 0.9300 (which was tested last week and might be tested again).

GBP/USD: This market moved upwards by 300 pips last week, and it later fell by 300 pips. This means that all the bullish gain which was made last week has been forfeited. Any movement below the accumulation territory at 1.5000 would result in a bearish bias.

USD/JPY: The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong.

EUR/JPY: On this cross, there has been an upward movement of 580 pips last week, which is enough to show that the bull has gotten lots of stamina. While the price still threatens to go further north (owing to the great stamina in the Euro), the trend my change any time in case the Euro becomes weak. 

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

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

Weekly Trading Forecasts on Major Pairs (May 4 - 8, 2015)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bullish

Last week, this pair moved north by over 420 pips. Price moved above resistance lines at 1.1250 and later fell below it, closing just below the resistance line at 1.12000. While it is not impossible for EURUSD to reach the resistance lines at 1.1300 and 1.1350, the outlook for this week (and this month) is bearish. This means that EURUSD might go further higher, but the risk of the beginning of a downward trend is very high this week.   

USDCHF

Dominant bias: Bearish

This currency trading instrument has been under bearish pressure as a result of the strong bullish trend on EURUSD. Price broke through the resistance levels at 0.9400 and 0.9350 last week, testing the support level at 0.9300. This instrument will remain under bearish pressure as long as EURUSD is strong. However, any significant weakness in EURUSD will cause USDCHF to jump seriously upwards, enabling price to go upwards by at least, 200 pips this week.   

GBPUSD

Dominant bias: Bullish

GBPUSD moved upwards by 300 pips last week, and later fell by 300 pips. This means that the gains made by the bulls have been forfeited to the bears. Although the extant bias is still bullish, any movement below the accumulation territories at 1.5050 and 1.4950 will result in a clean bearish signal in the market. This week – and this month – the outlook on GBPUSD, including some GBP pairs, is bearish. This is also true of most popular pairs and crosses; save anti-cyclical currencies like USD and JPY.

USDJPY

Dominant bias: Bullish     

There is now a bullish signal in this market. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong. This is because the outlook on JPY pairs for this week, including this month, is bearish. Welcome to the month of the bears!

EURJPY

Dominant bias: Bullish

This cross moved upwards by over 580 pips last week, due to the strength in Euro. EURJPY is known as one of the fastest moving among popular JPY pairs, hence the strong northward speed. Since the stamina in Euro can be depleted this week or next, EURJPY can begin a smooth journey to the south. Bulls, please take care.

This forecast is concluded with the quote below:

“I go with the flow of markets and manage risk along the way. Markets are like flowing water. It is better to use the flowing power in your favor than it is to work against it.” – Markham Gross

Source: www.tallinex.com

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