Monthly Forecast for Gulf Keystone (May 2018)

Gulf Keystone stock (LSE:GKP) has become a really bullish market. Price has been going upwards since 2017, and this is just the beginning.

The ADX period 14 is at the level 50, showing a strong momentum in the market. The DM+ is above the DM-, meaning that bulls are reigning.

The MACD default parameters, has its signal lines and histogram far above the zero line. There is a clean Bullish Confirmation Pattern in the market.

Gulf Keystone is expected to go further upwards this year, reaching the distribution territories at 200.00, 220.00 and 240.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities

  

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

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Trinity Mirror – choppy but somewhat bullish

 Trinity Mirror shares (LSE:TNI) are choppy but somewhat bullish. The bullish trend is not strong, but it is noticeable; and a stronger directional movement would soon materialize.

Price is above the EMA 21, and it would soon be very far above it, as soon as volatility returns to the market (which would most probably favor bulls).

The Williams’ % Range period 20 is in the overbought region, depicting the bulls’ willingness to push price further upwards at the slightest opportunity.

Trinity Mirror would continue to go further upwards for most part of 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities

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Ethereum Price Analysis – May 3

ETHUSD Medium-term Trend: Bullish

Resistance: $760, $750, $740

Support: $690, $700, $710

The ETHUSD pair was in a ranging market yesterday. Price of the asset was ranging from the resistance level at $700 to the support level at $650. The MACD line and the signal line are below the zero line. Today, the ETHUSD pair is currently trading at $716.13 as at the time of writing. However, from the weekly chart, the price of the asset has broken the resistance level at $700.

The price of the asset may likely reach the highs of $750 and $800. Meanwhile, the MACD line and the signal line are above the zero line indicating that price of the asset is bullish. The price bars are above the 12-day EMA and 26-day EMA indicating that the current trend is ongoing. Traders have a buy signal because the MACD line crosses above the signal line.

 

ETHUSD Short-term trend: Bullish

In the daily chart, price of Ethereum is in a bullish market. From the chart, the price of the asset had been in a range bound movement for days before it encounters a bullish movement to the high of $720. A positive histogram shows as soon as the MACD line crosses above the signal line indicating a buy signal.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Source: https://www.cryptoglobe.com/markets/price-analysis

Technical Reviews for Gold and Silver (May 2018)

GOLD (XAUUSD)

Dominant Bias: Bearish  

In the first half of April, Gold made some visible bullish attempt. However, price came downwards noticeably in the second half of that month. Generally the market is very choppy… It has been coming down since last week, and May was started on a bearish note. Since there is a Bearish Confirmation Pattern in the market, the resistance levels at 1300.00, 1250.00 and 1200.00 would be reached this week. As the market is quite choppy and volatile, some transitory spikes, rallies and gap-ups could be experienced in May, but bears would win ultimately.

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is bearish in the short-term and the medium-term. Just like Gold, it went upwards within roughly the first two weeks of April and then came downwards in the last two weeks of the same month. Over 6,000 pips were shed last week, and this week has already seen a loss of additional 4,500 pips, as price reached a low of 16.0484. There has been a recent temporary upwards bounce in the market (while a Bearish Confirmation Pattern is present in it). The upwards bounce could end up being another opportunity to sell short at slightly higher prices, because price would come downwards in May, reaching the demand level at 16.0000 and possibly exceeding it southwards.

Source: www.tallinex.com

Trading realities: Traders' Mindset

  

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Daily analysis of major pairs for April 30, 2018

Daily analysis of USD/CHF for April 30, 2018

USD/CHF

This pair went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been tested and it would be tested again, and get breached to the upside.

There is a Bullish Confirmation Pattern in the chart, which portends further bullish movement in favor of buyers. That is when price would target additional resistance levels at 0.9950, and ultimately 1.0000.

Daily analysis of USD/JPY for April 30, 2018

USD/JPY

The USD/JPY is a bullish market. Price started rallying last month, and it rallied considerably last week. The bias on the market has thus turned completely bullish as price neared the supply level at 109.50, and it is now close to the demand level at 109.00…  However, price may not be able to go protractedly upwards again, because there is a very strong bearish outlook on JPY pairs for this week, and for May 2018.

 Long positions should be liquidated because bulls will suffer seriously in May. Further downwards movement would result in a Bearish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 30, 2018

EUR/JPY           

The EUR/JPY did not made any strong directional movement last week. Price made a weak bullish effort on Monday and Tuesday, consolidated on Wednesday and then got a bearish correction on Thursday and Friday. Although the ongoing bias is bullish, bulls are obviously getting weaker and weaker, showcasing their lack of interest in pushing price upwards.

The recent bearish correction may eventually turn out to be something significant. A large movement is expected on EURJPY in May, and it would mostly favor bears. Should that occur, things would turn vividly bearish.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

                                                                                                                    

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