Monthly Forecast on Gulf Keystone (April 2016)

Gulf Keystone stock (LSE:GKP) has been under selling pressure for several months. The trend was mostly bearish for the year 2016, and there is no end in sight for the bearishness in the market.

4 EMAs are used for the analysis and color that stands for each EMA is shown at the top left part of the chart. The EMAs used are 10, 20, 50 and 200.

It can be seen that all the EMAs are sloping downwards. The bias on the market is bearish and further bearish movement is expected. It is illogical to open any long trades in the market until the price crosses the EMA 200 to the upside (which is not an easy thing for the bulls to do).

Gulf keystone would remain weak. Any forays into the EMAs 20 and 50 would signal opportunities to sell short at better prices.

This forecast is ended by the quote below:

“We plan out what we are going to do before the market actually does it.” – Sam Evans

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

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PayPal Poised to Journey Further Upwards

 PayPal shares (NASDAQ:PYPL) are poised to trend upwards as revealed in the daily chart. The upward trend would continue for some months.

In February 2016, price broke upwards and closed above the upper Trendline. Since then, the price has not returned into the Trendlines. The current price action shows that the bulls are determined to continue pushing the price upwards. This is also supported by the RSI period 14, which is above the level 50.

PayPal would easily attain the distribution territories at 42.00, 43.00 and 44.00 within the next several months.

This forecast is ended by the quote below:

“We plan out what we are going to do before the market actually does it.” – Sam Evans

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

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Monthly Technical Reviews on Gold and Silver (April 2016)

GOLD (XAUUSD)

Dominant Bias: Bullish

On the daily chart, Gold is in an uptrend; whereas a lower timeframe like the 4-hour chart shows that there is bearish pressure on the market.  In the context of an uptrend, price was engaged in a bearish correction throughout the month of March, causing price to reach a monthly low of 1208.18. Attempted rallies were often followed by pullbacks, as evident in lower highs and lower lows in the market. Things could turn bearish, in case price goes below the demand level at 1170.00 (which would require a significant selling pressure). Should price fail to drop below the demand level at 1170.00, a protracted rally may start, in conjunction with the recent bullish outlook.     

SILVER (XAGUSD)

Dominant Bias: Bullish   

Just like its Gold counterpart, Silver is bullish on the daily chart and bearish on the 4-hour chart. This is a very volatile market, which means that the current volatility should be taken into consideration, since it could continue for the next several days. In the last month, price reached a high of 16.1100; but the bullish effort is often frustrated by the bearish machination (stronger dips). It is logical to assume that whatever happens to Gold would rub off on Sliver. Should the former go south as mentioned earlier, the latter would test the demand zone at 14.4000, thereby frustrating the current Bullish Confirmation Pattern in the market. A rally on Gold would also help Silver to assume a considerable amount of bullishness. 

Source: www.tallinex.com

  

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

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Daily analysis of major pairs for April 4, 2016

The EUR/JPY went upwards last week, reaching the supply zone at 128.00. The bulls were unable to push price beyond that supply level and that caused a shallow correction we are currently looking at. There is a Bullish Confirmation Pattern in the market, and it is possible that another leg of bullish journey would begin, which would cause a break above that supply level at 128.00.

EUR/USD: This pair moved upwards by roughly 300 pips last week, but the bulls met a strong opposition around the resistance line at 1.1400. Owing to the bullish signal given by the indicators in the 4-hour chart, the bulls might be able to push the price beyond the resistance line, but a persistent northward journey should not be expected. There is a possibility of a large pullback this week.

USD/CHF: In an opposite direction to the EUR/USD, this pair went. There is a Bearish Confirmation Pattern in the chart: The EMA 11 is below the EMA 56, while the Williams’ % Range period 20 is in the oversold region. Further southward movement is possible, though there could also be a rally this week. 

GBP/USD: From March 28 – 30, the Cable rose and tested the distribution territory at 1.4450. The bulls were unable to push the price beyond that territory and this resulted a bearish correction of 250 pips, as the price closed at 1.4228 last Friday. While further bearish correction is not ruled out, a rally is a great possibility, because the outlook on GBP is bright for the month of April 2016. This strength would be visible on most GBP pairs.

USD/JPY: This currency trading instrument went downwards last week, closing below the supply level at 112.00. The next targets are around the demand levels at 111.50 and 111.00, which would be attained this week. Only a situation in which the Yen is very weak can cause a rally here. After all, it is anticipated that JPY pairs would become weak around the end of April 2015.

EUR/JPY: The EUR/JPY went upwards last week, reaching the supply zone at 128.00. The bulls were unable to push price beyond that supply level and that caused a shallow correction we are currently looking at. There is a Bullish Confirmation Pattern in the market, and it is possible that another leg of bullish journey would begin, which would cause a break above that supply level at 128.00.

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 

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Weekly Trading Forecasts on Major Pairs (April 4 - 8, 2016)

Here’s the market outlook for the week:

                                          

EURUSD

Dominant bias: Bullish   

EURUSD moved upwards by 250 pips last week, testing the resistance line at 1.1400. That resistance line has proven to be an obstacle to bulls because price was unable to close above it last week (in spite of forays into it).  Price might be able to go above the resistance line eventually, but it might not be able to go far north. There is a possibility that this pair would experience a large pullback this week, which might enable it to reach the support lines at 1.1300 and 1.1250.   

USDCHF

Dominant bias: Bearish

This currency trading instrument went down 200 pips last week, closing below the resistance level at 0.9600. The support levels at 0.9550 and 0.9500 could be breached this week. However, there might be a rally – which would be significant enough to threaten the current bearish bias. In case price moves above the resistance level at 0.9850, it would result in a clean Bullish Confirmation Pattern.

GBPUSD

Dominant bias: Bearish  

From Monday to Wednesday, Cable went upwards by 330 pips, reaching the distribution territory at 1.4450. Bears effected further movement at that territory, causing the market to experience a bearish correction of 250 pips. The ongoing bearish correction might make price further downwards by 100 – 200 pips, but there would soon be an exponential rally in the market, which would eventually render the current bearish outlook invalid. The outlook on GBP is bright for the month of April, and as a result of this, we would see GBP gaining strength versus other major currencies.  Wild fluctuations with other major currencies like AUD and NZD would be witnessed.

USDJPY

Dominant bias: Bearish

There is a currently a “sell” signal in this market, owing to a Bearish Confirmation Pattern in it. Price closed below the supply level at 112.00, going towards the demand levels at 111.50 and 111.00. Long trades do not make sense in this market, until there is a clean indication of bulls’ hegemony, which would only be brought about by serious weakness in Yen. The movement for this month would mostly be bearish.  

                                                                                                                               

EURJPY

Dominant bias: Bullish

Bulls were able to push this popular cross to the upside until it reached the supply zone at 128.00. There has been a shallow pullback around that zone, causing the cross to close at 127.24 on April 1, 2016. Further bullish movement is possible this week, though there could be another bearish run before the end of the month. JPY pairs are expected to continue moving upwards this week (and perhaps, next week), but they would begin to go south before the end of the month.       

This forecast is concluded with the quote below:

“Most traders… will tell you their success came from finding the approach that best suits them and pushing through it to get better and better.” – Elitetrader

Source: www.tallinex.com

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

  

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