Daily analysis of major pairs for April 10, 2017

 The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. The targets for this week are thus located at the demand zones at 117.00, 116.50 and 116.00.

EUR/USD: The EUR/USD consolidated from Monday till Friday and then trended southwards on Friday. The outlook on the market (as well as other EUR pairs) is bearish. Further bearish movement is expected as price goes towards the support lines at 1.0550 and 1.0500.

USD/CHF: This pair went sideways in the first few days of last week and then trudged upwards gradually in the last few days of the week. Price has moved close to the resistance level at 1.0100. Once that resistance level at 1.0100 is breached to the upside, price would go towards another resistance levels at 1.0150 and 1.0200. The demand levels at 1.0050 and 1.0000 would try to hinder any pullbacks along the way. As long as the EUR/USD is strong, the USD/CHF would be weak.

GBP/USD: This currency trading instrument moved sideways last week. Price has moved between the distribution territory at 1.2550 and the accumulation territory at 1.2350. A movement above the distribution territory at 1.2550 is more likely than a movement below the accumulation territory at 1.2350. The outlook on this currency instrument, as well as other GBP pairs, is bullish for this month. So when there is a breakout in the market, it would most probably be in favor of bulls.

USD/JPY: Last week, this currency trading instrument consolidated between the supply level at 111.50 and the demand level at 111.00. A break above the supply level or below the demand level is anticipated this week. However, the most probable direction is towards the demand level at 110.00, and after it is breached to the downside, price would move further downwards. It should be borne in mind that the outlook on JPY pairs is bearish for this week and this month.

EUR/JPY: The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. The targets for this week are thus located at the demand zones at 117.00, 116.50 and 116.00.

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Weekly Trading Forecasts for Major Pairs (April 11 – 14, 2017)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bearish

In the context of a downtrend, this pair moved sideways from Monday till Friday, trending south on Friday. Price closed below the resistance line at 1.0600, going towards the support lines at 1.0550. Rallies in the market are supposed to be temporary in most cases. There remains a bearish Confirmation Pattern in the market, and there are additional bearish targets at the support lines at 1.0500 and 1.0450.  

USDCHF

Dominant bias: Bullish

USDCHF consolidated in the first few days of last week and then trudged northwards. Price moved upwards 80 pips last week (having gone upwards by 270 pips since March 27). The support levels at 1.0050 and 1.0000 might try to impede short-term pullbacks as price noses towards the resistance levels at 1.0100 and 1.0150 this week. There cannot be a change in the trend unless EURUSD trends upwards significantly.  

GBPUSD

Dominant bias: Neutral   

The market did not make any directional movement last week, save a shallow bearish movement that was seen on April 7. The market would remain in this newly established equilibrium phase as long as it moves between the accumulation territory at 1.2300 and the distribution territory at 1.2600. A movement above the aforementioned distribution territory or below the accumulation territory would mean a beginning of another bias on the market. However, the most likely movement is towards the north. It is borne in mind that the outlook on GBP pairs is strong bullish for this week – so a bullish breakout may be witnessed on this market before the end of the week.

USDJPY

Dominant bias: Bearish

This trading instrument also consolidated throughout last week, neither moving above the supply level at 111.50 nor moving below the demand level at 110.00. The bias on the market is bearish; plus the outlook on JPY pairs remains bearish for this week and this month. Therefore, when momentum rises in the market, it would most possibly be in favor of bears. Most probably, price would move further downwards once the demand level at 110.00 is breached to the downside.   

EURJPY

Dominant bias: Bearish   

EURJPY dropped 110 pips last week, testing the demand zone at 117.50 (which was tested several times, though without success). Since March 13, price has dropped roughly 500 pips, and more decline is anticipated this week. One factor aiding the bearishness in this market is the weakness in EUR itself. Once the demand zone at 117.50 is breached to the downside, price could make effort to reach other demand zones at 117.00, 116.50 and 116.00 this week.

This forecast is concluded with the quote below:

“At the moment I am able to live from my trading income and I hope I can do this for the longer term.” - Matthias Knopf

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The Unhappiest Jobs Of 2017

 Having a job that brings you down can feel like you’re stuck in your own personal version of the classic film Groundhog Day—each day you wake up to a familiar yet daunting roster of tasks and confrontations that make you feel a combination of bewilderment, boredom, stress, dread and exhaustion. Being unhappy in your work can pull you into a funk that can be difficult to get out of.

But which jobs cause people the most unhappiness? We may have some answers to that question.

This week saw the release of an annual report on the happiest and unhappiest jobs in 2017. The data it’s built on comes from CareerBliss, a fulfillment-focused job search site with more than six million independent company reviews and salary comparisons, and more than three million job listings.

Based on employee reviews, see the ten Unhappiest Jobs of 2017 in our slideshow below. Also take look at our coverage of CareerBliss’s Happiest Jobs of 2017, for insight on the other side of the spectrum.

Topping the list of unhappiest jobs is Customer Service Representative. Those who toil in this capacity deal with call after call from strangers – some of them quite cross – on subjects ranging from grievance to rote instructions or product information, and they only get an average annual salary of $28,887 to do it. This job received a score of 2.198 out of a possible 5.

The next two job titles on the list provide even lower salaries for workers who hold them. In second place, Retail Cashier earns its practitioners a mere $18,000 annually, and received a score of 2.201 out of 5.

In third place, Retail Salesperson scored only slightly higher, at 2.203 out of 5, earning a salary of $18,800. Could commissions come into play too? Perhaps.

In compiling its report, CareerBliss had to score a long list of job titles, and in doing so assessed a total of 25,000 employee reviews. Each job title required at least 50 reviews in order to be eligible. The evaluation gauged an employee’s relationship with his or her boss and co-workers, the work environment, job resources, compensation, growth opportunities, company culture, company reputation, daily tasks, and job control over work performed on a daily basis.

Source: https://www.forbes.com/sites/karstenstrauss/2017/03/13/the-unhappiest-jobs-of-2017/#42b51a2f730c 

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Annual Trading Forecast for XOM (2017)

Exxon Mobil stock (NYSE:XOM) is an equilibrium market at the present. This equilibrium phase is February, following the massive sell-off that was witnessed in January 2017.

Price is currently located within the upper and lower Trendlines, and a rise in momentum is expected any week from now, which would push price outside the Trendlines.

The lower Trendline has been tested many times without any breach, and price is now inching towards the upper Trendline, which may be breached to the upside as suggested by the RSI period 14 (which is also above the level 50, indicating some strength in the market).

Exxon Mobil is currently a flat market, but it is expected to become a bull market soon. The outlook on the market is bullish for this year.    

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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Annual Trading Forecast for Amazon (2017)

Amazon shares (NASDAQ:AMZN) are in a bullish mode. Price began a northwards movement – which has held out till now. The market is supposed to continue going north till the end of this year.

4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are sloping upwards, signifying a bullish movement.

Amazon price is particularly strong at the present; being above the EMA 10. There may be pullbacks into the EMA 10, 20, and even 50, which may signal a wonder opportunity to buy again. The outlook on the market is bullish for 2017.     

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

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

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