Sirius Minerals – Where You Can Make Money Right Now

Sirius minerals stock (LSE:SXX) has been going stronger and stronger recently. Investors also should gain more profits as they enter the market on pullbacks.

The market moved upwards a bit in March and April 2016, and then consolidated from May till the end of June. From July, price broke upwards, and it has trended up since then.

In the chart, the ADX period 14 is above the level 50, showing a strong bullish momentum in the market. The DM+ is above the DM-, which means that bulls have upper hands right now. The MACD default parameters, has both its signal lines and histogram above the zero line. This means that there is a Bullish Confirmation Pattern in the market.

Sirius Minerals should thus go further and further north for the rest of this year, attaining the resistance levels at 40.00, 50.00 and 60.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies    

  

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

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

Massive Gains on Sound Energy, More to Come

Sound Energy shares (LSE:SOU) have made massive gains, and more of them are yet to come. This is a kind of market in which investors make lots of money.

The chart shows that the market was in a tight equilibrium phase from February to the end of June 2016. As from the beginning of July, the price broke out of that tight equilibrium phase, which has essentially become a base. Since then, the market has made massive gains, and it is still in a strong bullish mode.

Price is above the EMA 21 and the Williams’ % Range period 20 is often in the overbought region. This is a clear bullish signal. While Sound Energy could experience some pullbacks along the way, the market is expected to go further and further north, making at least, another 2000 points within the next several months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 

  

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

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

Trading Signals for EUR Pairs (August 8 – September 5, 2016)

EURUSD = Sell

EURCAD = Sell

EURAUD = Sell

EURNZD = Sell

EURJPY = Sell

EURCHF = Sell

EURGBP = Sell

NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 lots would be used (0.01 lots for each $2,000). The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.

Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

Source: www.tallinex.com

Super Trading Strategies: Super Strategies     

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Daily analysis of major pairs for August 8, 2016

The USD/CHF went downwards on August 1 and 2, and then began a bullish journey that lasted till August 5. This happened in the context of a downtrend and it has not invalidated the downtrend, which would hold for some time. When price goes beyond the resistance level at 0.9950, a clean bullish signal would form, though that is unlikely to happen.

EUR/USD: This pair moved north on Monday and Tuesday, and then began to trend downwards from Wednesday till the end of the week. Only a movement above the resistance line at 1.1300 would lead to a “buy” signal, otherwise, this pair would remain a bearish market.

USD/CHF: The USD/CHF went downwards on August 1 and 2, and then began a bullish journey that lasted till August 5. This happened in the context of a downtrend and it has not invalidated the downtrend, which would hold for some time. When price goes beyond the resistance level at 0.9950, a clean bullish signal would form, though that is unlikely to happen.

GBP/USD: On the Cable, the bias is bearish on the 4-hour and the daily chart, with clean Bearish Confirmation Patterns on both time horizons. The outlook for this week remains bearish, though price would eventually meet some recalcitrant accumulation territories at 1.3000 and 1.2950, which would pose some challenges to bears.

USD/JPY: This currency trading instrument moved sideways last week, then went further south, and the consolidated again till Friday. The outlook on the instrument, as well as other JPY pairs, remains strongly bearish.  So it would be interesting to watch the demand levels at 101.00, 100.50 and 100.00, which should be breached after much selling pressure.

EUR/JPY: This cross moved south last week – by at least around 200 pips. This slow and steady movement (or fast movement) is expected to continue this week, as bears push price towards the demand zones at 112.50, 112.00 and 111.50. Since there is a Bearish Confirmation Pattern in the market, the demand zones would be likely reached, though there may be a show of strength by bulls along the way.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html       

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

Weekly Trading Forecasts on Major Pairs (August 8 - 12, 2016)

Here’s the market outlook for the week:

                                          

EURUSD

Dominant bias: Bearish

This pair could not sustain the bullish run it started in the last week of July 2016. Price made a faint bullish effort on Monday and Tuesday, went briefly above the resistance line at 1.1200, reached the weekly high of 1.1231, and then declined 180 pips, to close above the resistance line at 1.1050 (which was tested before the close of the market). Since the bias on the market is bearish, further decline is possible, which may take price towards the support lines at 1.1050 and 1.1000; even if there would be a brief reversal following that. For the support line at 1.1000 to be broken to the downside, there is a need for very strong bearish pressures.

USDCHF

Dominant bias: Bearish

Although USDCHF has gone upwards 180 pips since last Wednesday, bears are still very active in the market. For the bias to turn bullish, there is a need for at least, another 200 pips to the upside, which would require a strong bullish pressure. Further upwards movement in the context of a short-term downward is what is anticipated this week. However, the presence of bears ought not to be ignored, for they would take advantage of any opportunity they have, to push price lower.  

GBPUSD

Dominant bias: Bearish

On this market, the bias on the 4-hour and daily charts is bearish. The market was flat on Monday, went upwards on Tuesday, went flat again on Wednesday, and then moved south on Thursday and Friday. There is a Bearish Confirmation Pattern in the market, and GBP is expected to be weak versus major currencies this week, with a few exceptions. While it is expected that price could go more downwards, it would encounter extremely recalcitrant accumulation territories along the way, which would challenge the current bearish outlook.

 

USDJPY

Dominant bias: Bearish

What happened on August 2, 2016, was the only trending movement that was witnessed on USDJPY last week – the rest was consolidation. The market closed on Friday as bulls were beginning to grow impatient with the existing situation; though their impatience would do nothing more than a short-term rally, because the bias on the market is bearish and further bearish movement is anticipated. The demand levels at 101.00, 100.50 and 100.00 would be interesting to watch this week.   

                                                                                                                               

EURJPY

Dominant bias: Bearish

This cross went south gradually last week, managing to record another decline by 200 pips. There is a clean Bearish Confirmation Pattern on the cross (and also a bearish outlook on JPY pairs), and as a result of this, price is expected to continue moving south by at least 200: either gradually or speedily. Long trades are not advised unless the market situation changes.

This forecast is concluded with the quote below:

“Instead of trying to figure out why markets moved, ignore that and look for more trading opportunities!” - Rick Wright

Source: www.tallinex.com

 Super Trading Strategies: http://www.advfnbooks.com/books/supertradingstrategies/index.html     

  

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

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