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Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 12:05pm On Mar 21, 2016
Trading Signals for JPY Pairs (March 21 – April 8, 2016)

USDJPY = Buy

AUDJPY = Buy

CADJPY = Buy

CHFJPY = Buy

EURJPY = Buy

GBPJPY = Buy

NZDJPY = Buy

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. 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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 12:16am On Mar 27, 2016
Weekly Trading Forecasts on Major Pairs (March 28 – April 1, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
As expected, this pair got corrected lower last week, moving downward by 120 pips before closing while consolidating. The support line at 1.1150 has been tested and it would be breached to the downside this week. EUR would be seen weakening against major currencies before the end of this month, except in the case of EURJPY (making the bias on the market go bearish). Therefore, the support lines at 1.1100, 1.1050 and 1.1000 are vulnerable this week and next.

USDCHF
Dominant bias: Bearish
USDCHF moved higher by 100 pips last week, closing above the support level at 0.9750. It might be possible for USDCHF to go upwards this week, because further bearish movement on EURUSD could help it to rally. In addition, CHF itself has a probability of becoming weak soon (CHF could be weak versus other majors, save CHFJPY). Thus the resistance levels at 0.9800, 0.9850 and 0.9900 could be attained this week or next.

GBPUSD
Dominant bias: Bearish
This currency trading instrument went south by roughly 400 pips last week, almost reaching the accumulation territory at 1.4050. Although there is a Bearish Confirmation Pattern in the market, bulls would be seen trying to push up the price this week, with a measure of success. There is an accumulation territory at 1.4000, which would try to hinder further bearish journey. When price turns and goes upwards, the distribution territories at 1.4200, 1.4250 and 1.4300 could be attained this week or next.

USDJPY
Dominant bias: Bearish
USDJPY was seen making bullish effort throughout last week. However, the bullish effort was not significant enough to bring about a change in the dominant bias. It is expected that the pair would continue moving upwards this week, owing to a bullish expectation on JPY pairs. USDJPY would move upwards by a minimum of 100 pips during the week, causing a bullish bias to form in the market.

EURJPY
Dominant bias: Neutral
This cross consolidated throughout last week, neither going below the demand zone at 125.00 nor going above the supply zone at 126.50. A breakout is imminent this week, which would most possibly favor bulls. A closer look at the market shows that the bulls are still determined to effect a rally here, which could make price to reach the supply zones at 127.00 and 127.50.

This forecast is concluded with the quote below:

“It's useful to remember that you may not win on any single trade, but after a series of trades you will have enough winners to make a profit in the long run.”
- Andy Jordan

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:46pm On Apr 02, 2016
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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 3:51pm On Apr 05, 2016
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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:37pm On Apr 09, 2016
Weekly Trading Forecasts on Major Pairs (April 11 - 15, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
In the context of a downtrend, EURUSD consolidated throughout last week. One big formidable barrier to further northward journey is the resistance line 1.1400 (though the resistance line at 1.1450 was also tested). Bulls were unable to breach the resistance line at 1.1400 to the upside in spite of many forays into it. This week would be decisive for the pair. First, a breakout to the upside or the downside would happen. It would most probably be to the downside, should bulls fail to push price above the aforementioned resistance line. In case, price goes above the resistance line and remain above it, it would spell a defeat for bears.

USDCHF
Dominant bias: Bearish
This pair experienced a flat movement last week, not reaching, nor going below the support level at 0.9500 in spite of the fact that the bias is bearish. By the indication in the chart, the market would most likely go further south this week, which would be corroborated by the ability of USDCHF to go below the support level at 0.9500. In case the pair fails to achieve this, a considerable rally would be witnessed.

GBPUSD
Dominant bias: Bearish
Cable was very volatile last week – reaching a high of 1.4319 and a low of 1.4004. The overall sentiment is negative, but bulls are not keeping their fingers crossed in this situation, for they are making attempts to effect a rally. One thing should be noted: The possibility of GBP gaining stamina is very high this week. GBP might be seen strengthening versus other major pairs; an event that could start this week. Therefore, the current bearish bias on the market might be challenged and eventually invalidated.

USDJPY
Dominant bias: Bearish
Since March 29, 2016, USDJPY has dropped by nearly 600 pips. Last week alone, price dropped by at least, 350 pips. This has caused a strong Bearish Confirmation Pattern in the market. After all, it had been forecasted that that JPY pairs might become weak before the end of this month, and the weakness started earlier than anticipated. On USDJPY, bears are still determined to reach the demand levels at 107.50, 107.00 and 106.50.

EURJPY
Dominant bias: Bearish
This cross dropped 450 pips last week alone, almost testing the demand zone at 122.50. The shallow northward effort that was witnessed around the end of the weak is cleanly negligible, for price is expected to continue its southwards journey this week, reaching the support zones at 122.50, 122.00 and 121.50. Long trades do not look rational in the market, unless there is a clear sign of Yen easing.

This forecast is concluded with the quote below:

“When you take action, and make enough trades, the odds may work in your favor, and you'll end up with profits. So as you trade, take an action-oriented approach. As Mark Douglas suggests in "Trading in the Zone," the more you find excuses to avoid making trades, the less likely you'll be at actually taking home profits. But if you look for an edge, and use this edge to make numerous trades, you'll increase your chances of success. In trading, there are proven strategies that work under specific market conditions. If you look hard enough, you'll find them, and use them to your advantage.” – Joe Ross (Source: Tradingeducators.com)

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:28am On Apr 16, 2016
Weekly Trading Forecasts on Major Pairs (April 18 - 22, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
EURUSD traded lower last week, testing the support line at 1.1250, to close at 1.1282 on Friday. The movement of the price has essentially been sideways since the beginning of April and there is no significant directional journey till now. However, there is a possibility that bulls would effect a rally this week, which might enable price to reach the resistance lines at 1.1350, 1.1400 and 1.1450. In addition, EUR pairs could be seen strengthening against other majors.

USDCHF
Dominant bias: Bearish
This pair moved upwards last week, in the context of a downtrend. Price tested the support level at 0.9500 and later rose above the support level 0.9650, which means the downtrend is currently being threatened. A movement above the resistance level at 0.9750 would mean the end of the downtrend, but that would probably not happen. The outlook on USD for this week is bearish, and as such, further southward movement could be witnessed before the end of the week, which could cause price to reach the support levels at 0.9600, 0.9550 and 0.9500. This could cause the existing downtrend to be strengthened eventually.

GBPUSD
Dominant bias: Neutral
The GBPUSD was volatile throughout last week, with neither bulls nor bears having upper hands. There should be a directional movement this week, which would most probably be in favor of bulls. This means the market could rally this week, reaching the distribution territories at 1.4300, 1.4350 and 1.4400. The accumulation territories at 1.4100 and 1.4050 may do a good job in thwarting bearish attempts this week. Some GBP pairs might also rally, like GBPCAD.

USDJPY
Dominant bias: Bearish
From April 11 to 14, this currency trading instrument trended upwards by 190 pips. On April 15, price got corrected lower, in conjunction with the existing bearish bias. This means the rally that was seen between April 11 and 14 was a mere short-term rally in the context of a downtrend. Further bearish movement is expected this week, which might make price go down by at least 150 pips. Any rallies seen this week should be taken as short-selling opportunities.

EURJPY
Dominant bias: Bearish
This cross, which dropped steeply in the first week of this month, was caught in an equilibrium phase last week. Price would go out of the equilibrium phase this week, and most likely go further southward, owing to the Bearish Confirmation Pattern in the market. Price closed below the supply zone at 123.00 on Friday. In case price breaks out to the south, the demand zones at 122.00 and 121.50 might be tested. There cannot be a threat to the current Bearish Confirmation Pattern unless the supply zone at 126.00 is overcome.

This forecast is concluded with the quote below:

“Support and resistance levels are generally more porous in volatile markets. Common sense suggests that, in these conditions, you should give the trade more room.” - Lee Bohl

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:42am On Apr 23, 2016
Weekly Trading Forecasts on Major Pairs (April 25 - 29, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair was bearish last week. Bulls tried to push price upwards. But as a result of severe opposition from bears, price came down on Friday, following the volatility that occurred on Thursday. There is a “sell” signal in the market, and it may probably go further downwards this week, reaching the support lines at 1.1200 and 1.1150. Price might even go below these targets, and the “sell” signal would never be invalidated until the resistance line at 1.1400 is overcome.

USDCHF
Dominant bias: Bullish
The current bullish movement on this pair started on Wednesday, April 20, 2016. This has led to a Bullish Confirmation Pattern in the market, and it is likely that price would continue its bullish movement this week, reaching the resistance levels at 0.9800 and 0.9850. A movement beyond these resistance levels is even possible: though there is one obstacle in the way of USDCHF, and that is an expected strength in CHF before the end of this week. Please watch CHF pairs.

GBPUSD
Dominant bias: Bullish
As it was mentioned last week, GBP was able to rally against certain majors, which is visible on some crosses like GBPNZD, GBPJPY, GBPCHF, EURGBP, etc. GBPUSD also was bullish last week in spite of desperate struggles of bears against it. From the accumulation territory at 1.4150 the price trended upwards, with some pullbacks on the way, reached the distribution territory at 1.4450, before the market closed on a slight retracement. Price moved upwards by roughly 300 pips last week; plus further northward movement is expected this week.

USDJPY
Dominant bias: Bullish
USDJPY went upwards by 370 pips last week. At the beginning of last week, price gapped down slightly into the demand level at 108.00, and since then a rally started gradually (from Monday to Thursday). That rally gained momentum on Friday, April 22, 2016, and this has resulted in an invalidation of the recent bearish outlook on the market. The bias is now bullish and further northward movement of at least, 150 pips, is expected this week. One thing must be noted: There is also a possibility of a strong bearish movement on USDJPY (and of course, other JPY pairs) before the end of this week.

EURJPY
Dominant bias: Bullish
This currency trading instrument also went bullish last week by 360 pips, after price ran into a solid demand zone at 122.00 at the beginning of last week. On Friday, price closed above the demand zone at 125.00, now very close to the supply zone at 125.50. This has rendered the recent bearish outlook on the market useless. The market would continue moving north this week, since there is now a Bullish Confirmation Pattern in the market, but that does not rule out probability00 of a pullback before the end of this month.

This forecast is concluded with the quote below:

“Markets are a reflection of rational human behavior — whether 5min or monthly chart. This fractal nature of markets is due to humans’ psychological make-up. Until we evolve into a new species, price action will always be the same.”
– Gabriel Grammatidis

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:42am On Apr 28, 2016
Trading Signals for JPY Pairs (April 28 – May 20, 2016)

USDJPY = Sell

AUDJPY = Sell

CADJPY = Sell

CHFJPY = Sell

EURJPY = Sell

GBPJPY = Sell

NZDJPY = 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. 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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:49am On Apr 30, 2016
Weekly Trading Forecasts on Major Pairs (May 2 - 6, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The EURUSD moved upwards 230 pips last week – an action that has resulted in a Bullish Confirmation Pattern in the 4-hour chart. The resistance line at 1.1450 has been tested and it would be breached to the upside, as price targets other resistance lines at 1.1500 and 1.1550. However, the month of May 2016 would be challenging for bulls because EUR would be weak in some cases. There is an exception of course, like EURAUD, because AUD would be weak against other currencies in May.

USDCHF
Dominant bias: Bearish
This pair merely went in the opposite direction to EURUSD. Price dropped 220 pips and later closed below the resistance level at 0.9600. There is now a bearish outlook on the market and further southwards movement is possible this week, Bears might push the pair towards the support lines at 0.9550 and 0.9500. There cannot be a reversal of this bearish movement unless there is a serious weakness in EURUSD.

GBPUSD
Dominant bias: Bullish
GBPUSD was able to rally gradually last week, reaching the distribution territory at 1.4650. Bulls fought desperately at the distribution territory at 1.4600; only to meet another strong opposition at the distribution territory at 1.4650. Bulls should be able to overcome the opposition at this distribution territory, owing to the bullish outlook on GBPUSD (and most other GBP pairs like GBPAUD and GBPNZD) for the month of May 2016. Price would move up further by 200 pips this week.

USDJPY
Dominant bias: Bearish
This currency trading instrument went sideways from Monday to Wednesday, and then dropped like a stone on Thursday. Price dropped by 500 pips, closing below the supply level at 106.50. There has been a bearish signal in the market, including other JPY pairs. This bearish movement is supposed to continue this week as price action is characterized by lower highs and lower lows. Short-term rallies can be taken as short-selling opportunities.

EURJPY
Dominant bias: Bearish
Just as it was mentioned in the last forecast, EURJPY cross first trudged upwards from April 25 to 27, and then plummeted. The drop was significant enough to overturn the recent bullish gains, causing a Bearish Confirmation Pattern to form in the market. Price has gone below the supply zones at 124.00, 123.00 and 122.00, reaching out for the demand zones beneath them. The outlook on JPY pairs is bearish for the month of May. Therefore, long trades do not make sense here until there is a strong bullish reversal in the market: something that may take place before the end of May.

This forecast is concluded with the quote below:

"The goal of a successful trader is to make the best trades. Money is secondary."
– Dr. Alexander Elder

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:37am On May 02, 2016
Monthly Technical Reviews on Gold and Silver (May 2016)

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold was quite choppy in the first three weeks of April 2016, characterized by short-term upswings and downswings, all in the context of an uptrend. In the last week of April, Gold experienced a sustained trending movement. Price moved upwards by 6500 pips last week alone, breaking one resistance level after another. Last month, price closed at 1292.80, on a strong bullish note. The bullish movement is supposed to continue in this month of May, taking price towards the resistance levels at 1300.00, 1350.00 and 1400.00. Of course there would be transitory dips along the way, but these should be approached as opportunities to go long at better prices.


SILVER (XAGUSD)
Dominant Bias: Bullish
Unlike Gold, which moved unpredictably in the first half of April, Silver moved upwards persistently in April, reaching a low of 14.7550 and a high of 17.9300. This was serious bullish movement of about 3000 pips in April, and there is a strong Bullish Confirmation Pattern in 4-hour and daily charts. Last month, price closed above the support level at 17.7000, and it would go upwards from there, reaching the resistance levels at 18.0000, 18.5000 and 19.0000 within the month of May. Any pullbacks witnessed in this market should be taken as being transient, for bulls would come in to push price higher, forming higher lows and higher highs in the market.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:29am On May 15, 2016
Weekly Trading Forecasts on Major Pairs (May 16 - 20, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair simply moved sideways in the first few days of last week – a result of deadlock between bulls and the bears. On May 12, 2016, the bears were pummeled and forced to give way, as price moved south vividly, just as it was mentioned in the last forecast. Further southward movement is anticipated this week, because USD is supposed to gain strength versus a number of major currencies, like AUD, CAD, NZD; with EUR included.

USDCHF
Dominant bias: Bullish
As it was forecasted before, USDCHF managed to go upwards last week, in spite of desperate opposition from bears. The bullish movement last week was not up to 100 pips. Price is now around the resistance level at 0.9750 (below our targets for last week). The targets at 0.9800 and 0.9850 are still valid: Bulls would push the market upwards, plus price could even go beyond those resistance levels.

GBPUSD
Dominant bias: Neutral
GBPUSD was caught in an equilibrium phase throughout last week, save the slight dip that was witnessed on Friday. In the past several days, price has not been able to stay above the distribution territory at 1.4500 or below the accumulation territory at 1.4350. A breakout is imminent this week, which would favor bears because USD could gain some stamina this week. However, GBP would make some gains against other currencies, especially AUD and NZD, since the outlook on them is bearish for this week.

USDJPY
Dominant bias: Neutral
USDJPY moved upwards on Monday and Tuesday, and then consolidated for the rest of last week. Since this pair, just like most other pairs, did not experience strong movement last week, the bias on it has turned neutral in the short-term. However there is a probability of tour de force this week, which could trigger a significant movement on USDJPY, driving it above the supply level at 110.50 or below the demand level at 107.50.

EURJPY
Dominant bias: Neutral
The initial bullish gains that were seen on the first few days of last week were forfeited as a result of a bearish movement that occurred in the last few days of the week. There is a considerable degree of uncertainty surrounding this cross at the moment. But a major determinant of the movement for this week would be conditions affecting Yen, for it to rally or lose strength. Those conditions would also have impact on other JPY pairs.

This forecast is concluded with the quote below:

“Too often, people fail to differentiate wins that come from the market and wins that come from skill.”
- Jack Schwager

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:19am On May 21, 2016
Weekly Trading Forecasts on Major Pairs (May 23 - 27, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
EURUSD went downwards last week, closing below the resistance line at 1.1250. There is a bearish bias on the market, and the support lines at 1.1150 and 1.1100 could be tested. The only thing that can make this happen is continuous stamina in USD as compared to EUR; for the latter would try to gain some stamina this week, against other pairs (please watch EURCAD, EURCHF and EURJPY). Any show of vulnerability in USD might effect a rally in the market.

USDCHF
Dominant bias: Bullish
Based on the expectation last week, this pair was able to continue its northward journey. Price moved north roughly by 160 pips, closing slightly above the support level at 0.9900. There is one threat to the existing bullish outlook – the possibility of a rally in CHF. CHF might rally this week, which would affect CHF pairs, and as such, USDCHF would face some difficulties in journeying further upwards. For the pair to go upwards, USD must showcase more stamina that it has at the present.

GBPUSD
Dominant bias: Neutral
Last week, GBP gained strength versus other currencies as expected, and surprisingly against USD. GBPUSD went upwards by over 300 pips, reached the distribution territory at 1.4650, where the buying pressure was truncated. Further bullish movement would have resulted in a clean Bullish Confirmation Pattern in the market, but as bears performed a check on the bullish movement, price got corrected by 140 pips, thereby forcing the market back into a neutral territory. There would be mixed signals in the market this week, since GBP would be strong versus some currencies, while weak versus some currencies. In case of GBPUSD, further rally is possible.

USDJPY
Dominant bias: Bullish
This market went upward more than 170 pips last week, getting to the supply level at 110.50. There is a Bullish Confirmation Pattern in the market, and price might go further upwards this week, reaching the supply levels at 111.00, 111.50, and 112.00. There are demand levels at 109.00 and 109.50, which should resist bears’ machinations. The bullish outlook would make sense as long as price does not go below those demand levels.

EURJPY
Dominant bias: Neutral
The EUR/JPY simply moved sideways last week, consolidating between the demand zone at 123.00 and the supply zone at 124.00. Possibility of a breakout is very strong this week, as price may assume a serious trending mode. However, when a breakout does occur, it could be in favor of bulls. Price might target the supply levels at 125.00 and 126.00; plus bullish effort would also be witnessed on certain other JPY pairs, like CHFJPY.

This forecast is concluded with the quote below:

“When a trader sees the market as it really is, rather than what they want to see, the act of trading becomes more relaxed and they become more confident and successful. Does this sound like the type of experience you want trading to be?” – Rebecca Price (Van Tharp Institute)

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:36am On May 28, 2016
Weekly Trading Forecasts on Major Pairs (May 30 – June 3, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
Last week, EURUSD went downwards 110 pips, just as it was projected. There is a bearish signal in the market, which would cause its weakness to hold out, as long as USD is stronger than EUR. The pair would continue trudging south this week, unless USD shows any signs of vulnerability. This means that EURUSD could rally in case USD shows any signs of weakness. EUR might also experience some gains against certain currencies.

USDCHF
Dominant bias: Bullish
This pair trended sideways last week, and moved slightly higher on Friday. There is a Bullish Confirmation Pattern in the market, coupled with a possibility of testing the resistance levels at 0.9950 and 1.0000 (a level of parity of USD with CHF). However, it is unlikely that the price would ever go above the resistance level at 1.0000, because a probable threat from CHF remains. CHF might gain strength versus certain majors – which could also affect USDCHF.

GBPUSD
Dominant bias: Bullish
Cable moved upwards 200 pips, testing the distribution territory at 1.4700 on May 25. Price was unable to stay above that distribution territory, since bears fought successfully to halt further rally, effecting an 80-pip correction. This week, the probability of Cable rallying further is higher than the probability of it going south significantly. The outlook on the market is bullish, though constant presence of disgruntled bears is a threat.

USDJPY
Dominant bias: Neutral
This market was caught in an equilibrium phase throughout last week, with no bullish or bearish victory. Nonetheless, a closer examination reveals that bulls are still willing to push price northward; and they would gladly do so when conditions become favorable to them. In case bulls win, a bullish breakout to the supply levels at 111.00 and 111.50 might be witnessed. The possibility of a northward breakout would be in place as long as price does not go below the demand levels at 108.50 and 108.00.

EURJPY
Dominant bias: Neutral
This currency trading instrument has been going sideways for 2 weeks. The sideways phase would be in force until price crosses below the demand zone at 121.50, or above the supply zone at 125.50. Those demand and supply zones are strong, and unless price overcomes one of them, this sideways movement would remain. The longer the sideways movement is in place, the more imminent a breakout is (and the more directional the breakout would be when it occurs).

This forecast is concluded with the quote below:

“The big dogs are making an average profit over lots of occurrences utilizing modern technology and the plethora of ways that they can trade. Even so, the little guys with smaller sized accounts can complete with them and, in many cases, outperform them. That’s because they are small and don’t have liquidity issues or regulatory restraints.” – Phil Newton (Source: Trade2win)


Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:42am On Jun 01, 2016
Monthly Technical Reviews on Gold, Silver and Bitcoin (June 2016)

GOLD (XAUUSD)
Dominant Bias: Bearish
Gold dropped persistently in May 2016, reaching a high of 1303.53 and a low of 1199.79. This has resulted in a clean bearish outlook on the market, and in spite of the present weak bullish attempt, price is expected to continuing moving downwards this month, reaching the demand levels at 1170.00 and 1150.00. It is possible that price goes beyond these demand levels. The bearish outlook would be valid as long as price does not go above the supply levels at 1280.00 and 1290.00.


SILVER (XAGUSD)
Dominant Bias: Bearish
Just like its Gold counterpart, Silver also moved downwards seriously last month, going below the supply zones at 16.5600 and 16.2900. Price reached a low of 15.920 in that month, causing a Bearish Confirmation Pattern in the market. The market is currently quiet – which is a pause in the downtrend. Further downward move would resume this month, and could potentially take price towards the demand zones at 15.4600 and 15.000. The supply zones at 16.5000 and 17.000 would try to halt possible rallies along the way.

BITCOIN (BTCUSD)
Domiant Bias: Bullish
Bitcoin essentially consolidated in the months of March and April 2016 (though there was a vivid rally in the middle of April). In May, Bitcoin consolidated again, but broke out significantly in the last several days of the month. Needless to say, the breakout favored bulls: Price skyrocketed by over 10,000 pips within May 26 to 29, followed by the current shallow correction. The correction could continue, according to the behavior of this cryptocurrency, but it would not render the ongoing Bullish Confirmation Pattern ineffective. It is expected that price would go above the distribution territory at 600.00 this month.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 7:29am On Jun 05, 2016
Weekly Trading Forecasts on Major Pairs (June 6 - 10, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair moved sideways from Monday to Friday, in the context of a downtrend. The downtrend was forcefully overturned as the pair shot skywards by 220 pips on Friday, closing at 1.1365 on the same day. The bias has turned bullish, but there is a great challenge for bulls this week. While the pair could go further north, there would be a serious bearish correction when USD gains stamina versus EUR. The outlook on EUR is bearish for this month. EUR could be become weak versus other currencies – and USD is no exception.

USDCHF
Dominant bias: Bearish
USDCHF tested the resistance level at 0.9950 several times last week, but it could not stay above it (let alone reaching the resistance level at 1.0000, which is a parity area). Price consolidated till Friday and then broke downwards, almost reaching the support level at 0.9750. This significant bearish breakout has resulted in a Bearish Confirmation Pattern in the market, and price could reach the support levels at 0.9700 and 0.9650, as long as bears gain upper hands here. Should EURUSD loses its strength, USDCHF would experience some buying pressure.

GBPUSD
Dominant bias: Bearish
GBPUSD first attempted to go up last week, tested the distribution territory at 1.4700, and then moved south 300 pips, reaching the accumulation territory at 1.4400, before price made a rally effort on Friday, June 3. Most pairs and crosses would experience low volatility in June, save GBP pairs and NZD pairs (for NZD also would become strong versus other currencies in June). Yes, GBP pairs would experience high volatility this month; which would be a series of bearish and bullish movements. This week, some buying pressure might be witnessed on GBPUSD, for the accumulation territory at 1.4400 has checked repeated bearish attacks.

USDJPY
Dominant bias: Bearish
This currency trading instrument went sideways on Monday and Tuesday, and began to drop like a stone from Tuesday. The bearish movement on Friday was the strongest, bringing the market to at least, 420 pips towards the south last week. Although this bearish trend could reverse this week, it is possible for price to reach the demand levels 106.00 and 105.50 before the potential reversal.

EURJPY
Dominant bias: Bearish
This cross made some effort to go upwards last week, but this effort was rendered futile after price reached the supply zone at 124.00. Since price could not break above that supply zone, a clean decline was witnessed as price came down, closing below the supply zone at 121.50. Just like USDJPY, it is possible for price to reach the demand zones at 120.50 and 120.00; even if there would be a bullish reversal after that.

This forecast is concluded with the quote below:

“My world is trading and markets. This is where I am very comfortable and extremely confident…” – Sam Seiden

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 12:31am On Jun 06, 2016
Monthly Forecasts for CFDs (June 2016)

AUS200
Dominant bias: Bullish
This market is in a precarious situation. While the bias on it is bullish, bears are very active in it the present, and this has made short-term bearish signals to be generated on smaller timeframes like hourly and 4-hour charts (whereas the long-term signal is bullish). Unless price goes below the support lines at 5200.0 and 5100.0, it would be safe to look for ways to buy pullbacks in this market.

SPX500
Dominant bias: Bullish
Since May 24, 2016, SPX500 has been trending upwards in a directional mode, though price has consolidated in the past few days. There is a “buy” signal in this market – it is expected that price would continue going upwards this month, reaching the resistance levels at 2120.0 and 2130.0. As long as price does not go below the support level at 2040.0, the “buy” signal would be rational.

US30
Dominant bias: Bullish
Although the dominant bias on this CFD is bullish, it is a very weak one. The market needs to go further upward in order to clear the ambiguity surrounding it, otherwise, things can turn neutral. A movement above the distribution territory at 18000.0 would reinforce the existing bullish outlook, while a movement below the accumulation territory at 17430.0 would render the bullish outlook invalid, leading to a more conspicuous bearish presence.

GER30
Dominant bias: Bullish
In the context of an uptrend, GER30 moved downwards last week, going below the supply levels at 10200.0 and 10160.0. Further southward movement, especially towards the demand levels at 9900.0 and 9850.0, would result on a bearish outlook. Right now, it is expected that price would make attempt to rally, for those demand levels ought to serve as checks to bears’ threats.

FRA40
Dominant bias: Bullish
Price has come down so far this month, but that is not yet significant enough to result in a Bearish Confirmation Pattern in the market. Bulls ought to push price north by at least, 1000 points this month. For a Bearish Confirmation Pattern not to form here, price needs to stop going south. Should price drop further by 500 points, long trades would no longer look logical here.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:07pm On Jun 11, 2016
Weekly Trading Forecasts on Major Pairs (June 13 - 17, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
For the most part of May 2016, EURUSD was in a downtrend. On June 3, a strong bullish breakout led to a bullish signal, but price was unable to continue moving up continuously in the following week, which was last week. Price simply went up 50 pips, hit the resistance line at 1.1400 and then nosedived. This has forced the market into a neutral territory, since the bullish gains of June 3 had been rendered useless by the strong bearish correction that took place within June 9 and 10 (whereas bears cannot claim any dominance until price goes below the resistance line at 1.1150). It is likely that EURUSD would continue to go downwards this week, though the bias may not turn bearish until the resistance line at 1.1150 is broken to the downside. For the bias to turn bullish again, price needs to go above the resistance line at 1.1350.

USDCHF
Dominant bias: Bearish
This pair decline 180 pips last week, going briefly below the support level at 0.9600 before closing above that support level. Since June 3, 2016, price has declined by 300 pips, reaching a weekly low of 0.9577. The support levels at 0.9600, 0.9550 and 0.9500 are the next targets for bears this week. Any movement above the resistance level at 0.9800 would put the bearish outlook in a precarious position.

GBPUSD
Dominant bias: Bearish
Contrary to expectation, Cable moved south by 460 pips last week, after testing the distribution territory at 1.4650. Prior to this, price moved upwards by 260 pips between Monday and Tuesday. It has been mentioned that GBP pairs would experience strong volatility this month (plus NZD pairs). This is because GBP pairs usually move strongly in June while most other pairs experience low volatility. Bremain/Brexit issues are only a catalyst that will spur the usual strong movements on GBP pairs this June. This week, GBP might behave like it did last week: We would witness strong bullish and bearish movements.

USDJPY
Dominant bias: Bearish
USD/JPY merely went flat throughout last week. Even the faint bullish attempt that was seen on Monday and Tuesday meant nothing when compared to the ongoing bearish outlook. There is a possibility that JPY pairs would trend downwards this week, and so, USDJPY might go further south to test the demand levels at 106.00 and 105.50.

EURJPY
Dominant bias: Bearish
Between June 6 and 7, this cross went upwards close to 170 pips, but further rally was rejected at the supply zone at 122.50. From that zone, price went down 250 pips, to close at 120.37 on Friday. There is a Bearish Confirmation Pattern in the market, and further decline could be witnessed this week. Therefore, the demand zones at 120.00 and 110.00 would be interesting to watch.

This forecast is concluded with the quote below:

“Even after all these years, I still feel passionate about trading. I love trying to find profit opportunities. It's a great achievement when you can beat the pros.”
- Jay McGivney

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:20am On Jun 18, 2016
Weekly Trading Forecasts on Major Pairs (June 20 - 24, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
All bearish pulls EURUSD experienced last week were rendered useless by bullish effort. Price did not go above the resistance line at 1.1300 last week; nor did it stay below the support line at 1.1150. The impasse between bulls and bears has enforced the neutrality of the market, and unless price goes above the resistance line at 1.1400 (causing a bullish bias), or goes below the support line at 1.1100 (causing a bearish bias), the neutrality of price would continue. This week, there is going to be strong moment on EURUSD, which would most likely favor bears. This pair is quite choppy right now.

USDCHF
Dominant bias: Bearish
This pair moved sideways last week – performing only upswings and downswings in the context of a downtrend. The support level at 0.9550 ought to be breached to the downside for the bearish journey to continue. However, further decline on EURUSD would trigger a rally on the pair, which would result in a Bullish Confirmation Pattern when price goes above the resistance level at 0.9800. A strong buying pressure is required for this to happen.

GBPUSD
Dominant bias: Bearish
This week, there would not be any unprecedented movements on GBP pairs (just like Grexit caused no special movements in the markets), save strong movements that are not more than anything that has been witnessed so far this year. Surprise movements do not usually happen when they are anticipated. What usually cause extremely serious movements in the markets are events that happen unexpectedly. Likely effects of Brexit have been anticipated, as well as likely effects of Bremain. Therefore, they would not cause any movements stronger than what we have seen on GBP pairs this year. Throughout Thursday, June 23, GBPUSD (and most other GBP pairs) will go in one direction with little or no reversal, but there would be nothing graver than normal. The outlook on the pair is bearish and further southward movement could possibly be witnessed this week.

USDJPY
Dominant bias: Bearish
Just as it was forecasted, USDJPY declined further by 300 pips last week, going below the demand level at 104.00, before things went sideways again. Price has dropped 550 pips since the beginning of this month, and the downtrend is likely to continue, as price targets the demand levels at 103.50 and 103.00.

EURJPY
Dominant bias: Bearish
This is a bear market, just like most other JPY pairs. There is a Bearish Confirmation Pattern in the market, giving a possibility of price reaching the demand zones at 117.00, 116.00, and 115.00 this week or next. The demand levels at 117.00 and 116.00 were tested last week, and they could be retested this week. One thing should be noted, bearish pressure on EUR would make it difficult for EURJPY to make any significant rally this week.

This forecast is concluded with the quote below:

“You don't have to trade perfectly. You just have to trade profitably. Put a single trade in perspective. It's just one trade of the many trades you will make in your lifetime. You may lose or you may win, but the outcome of a single trade does not matter. What matters are your overall profits across a series of trades, not just a single trade.”[b][/b] – Joe Ross

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:51am On Jun 24, 2016
Trading Signals for GBP and JPY Pairs (June 24 – July 8, 2016)

GBP Pairs

GBPAUD = Buy

GBPUSD = Buy

EURGBP = Sell

GBPJPY = Buy

GBPCHF = Buy

GBPCAD = Buy

GBPNZD = Buy




JPY Pairs

USDJPY = Buy

AUDJPY = Buy

CADJPY = Buy

CHFJPY = Buy

EURJPY = Buy

GBPJPY = Buy

NZDJPY = Buy


NB: Every trade could be entered with a stop loss of 200 pips and a take profit of 400 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. 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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:02am On Jun 25, 2016
Weekly Trading Forecasts on Major Pairs (June 27 – July 1, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair tested the resistance line at 1.1400, and went above it briefly. Price could not stay above that resistance line: It tumbled by 500 pips before a 200-pip bullish correction occurred on Friday. The bias is bearish, and further bearish movement is possible, but it may not be more than 300 pips downwards. Price might also journey upwards this week, owing to the fact that the extreme bearish movement that occurred on Friday could bring opportunities to buy.

USDCHF
Dominant bias: Bullish
USDCHF was essentially a flat market in the context of a downtrend, before the strong bearish movement on EURUSD forced it to break out upwards. Price moved upwards 250 pips, reaching the resistance level at 0.9800, and the got corrected by 100 pips. For the bias to remain bullish, EURUSD needs to continue moving south; because the events affecting EURUSD are what would determine the movement of USDCHF (which is being currently affected by inertia on its own).

GBPUSD
Dominant bias: Bearish
On Friday, June 24, 2016, Cable experienced its strongest bearish movement in recent years. Price dropped by 1700 pips, reaching the low of 1.3230. Price later performed a 500-pip bullish correction, later closing at 1.3682 that Friday. Normally, the outlook on GBP pairs is bearish, and continuous selling pressure on Cable is a possibility. However, the extreme market situation would also bring some opportunities to go long, for those who are very good at catching falling knives. The markets could open with gaps next week. While things are currently bearish on GBP pairs, recovery would gradually or smoothly return to the markets.

USDJPY
Dominant bias: Bearish
The Brexit votes outcome also had bearish effects on JPY pairs, and that was exactly what brought about a bearish momentum on USDJPY, which was consolidating in the context of a downtrend prior to that time. What happened to this market on Friday simply brought more emphasis on the long-term bearish trend, which is also visible on the daily and weekly charts. Although the outlook on JPY pairs is bearish, the 700-pip decline that was witnessed on Friday would bring about a rally within the next several trading days, as bulls seem to have reached the end of their tether.

EURJPY
Dominant bias: Bearish
This currency trading instrument dropped 1200 pips on Friday, thus forfeiting the 350-pip bullish gains it saw within Monday and Thursday. The bias on 4-hour chat, daily chart and weekly chart is bearish, but price has already encountered very formidable demand zones on Friday. While selling pressure is present in the market, we may witness some bullish attempt in the next few weeks.

This forecast is concluded with the quote below:

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
- Warren Buffet

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:42pm On Jul 01, 2016
Monthly Technical Reviews on Gold, Silver and Bitcoin (July 2016)

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold moved upwards by over 12400 pips last month, and price reached a high of 1358.21 that month. There is a Bullish Confirmation Pattern in 4-hour, daily and weekly charts, so it is not advisable to open short trades in the market. Any bearish attempts the market makes ought to be short-lived, proffering opportunities to go long at better prices. Further bullish movement is possible this month, which would enable price to first breach the high of June (1358.21), and then go towards the resistance levels at 1360.00, 1380.00 and possibly, 1400.00.

SILVER (XAGUSD)
Dominant Bias: Bullish
Recently, the bullish movement on Silver has been stronger than the bullish movement on Gold. Since the beginning of June 20016, till now, price has gone upwards by over 3200 pips, reaching a high of 19.3600 on July 1. There is a strong bullish outlook on the market – something that is supposed to continue this week. It is also possible that sales would be temporary in the context of this uptrend, as bulls target the demand levels at 19.5000, 20.0000 and 21.0000.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bticoin went beyond our target for last month. Price broke above the accumulation territory at 600.00, reaching a high of 775.92. The buying pressure on the market still exists, and further northward attempts would be seen this month, which may enable the market to recover the massive sell-offs it experienced within June 19 to 23. Although the presence of bears poses threats, the targets for month are located at the distribution territories at 775.00, 780.00 and 800.00.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:53pm On Jul 02, 2016
Weekly Trading Forecasts on Major Pairs (July 4 - 8, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair moved upwards 150 pips last week, testing the resistance line at 1.1150, in the context of a downtrend. The outlook on EURUSD remains bearish for this week. For the outlook to turn bullish, price needs to go upwards by at least, 300 pips from here. Otherwise, the support lines at 1.1100, 1.1050 and 1.1000 would be tested this week. Those support lines were recently breached, and they would be breached again as the bearish movement continues.

USDCHF
Dominant bias: Bullish
USDCHF was essentially a flat market before June 23, 2016. It was pushed upwards only by fact of the strong decline in EURUSD. Price made a faint bullish attempt last week, but it met an opposition from bears, who checked further bullish movement, and forced the price to bend downwards (in the 4-hour chart). The bullish signal on USDCHF is in a precarious situation; which means that further bearish correction could cancel the bullish signal, thus forcing price back into the neutral territory, in which it was before June 23. This week, bulls need to keep on pushing price north in order to avoid bears’ victory. There is one big roadblock ahead: CHF would soon gain a serious stamina this month and it could bring about some selling pressure on USDCHF, while having visible bearish effects on other CHF pairs (save CHFJPY).

GBPUSD
Dominant bias: Bearish
Cable went virtually flat last week, in the context of a downtrend. There are Bearish Confirmation Patterns on 4-hour, weekly, and monthly charts, which all signal serious weakness on Cable. Apart from this, there is a bearish expectation on Cable (and other GBP pairs); just as it was in the last two weeks. While bulls may attempt to push up price by a few hundred pips at most, bears would end up as winners. In this month, GBP pairs would experience strong movements.

USDJPY
Dominant bias: Bearish
USDJPY also went flat last week, in the context of a downtrend. It would be difficult for bulls to push the pair upwards significantly because there are adamant supply levels above them, and because the outlook on JPY pairs is bearish for this week and for this month. JPY pairs are expected to assume major bearish movements this week (which could last till early October 2016). USDJPY would trend downwards by a minimum of 200 pips before the end of this week or by early next week.

EURJPY
Dominant bias: Bearish
While the major bias is bearish, this cross went upward 250 pips last week. There are supply zones at 115.50 and 116.50, and while price could possibly test them this week, bears would still continue to dominate the market, putting more emphasis on the major bias, which is also visible on higher timeframes. Just like other JPY pairs, this cross could go further and further downwards in the next few months, though that does not rule out the possibility of noteworthy bullish efforts.

This forecast is concluded with the quote below:

“About fifteen years ago, I moved to the U.S. and worked with several CTAs. This was the point in my career that I made the decision to eliminate all human emotion from my trading. I became a purely systematic trader. For me, emotion and subjectivity are the enemies. Good traders follow systems. Systems have rules.” - Francisco London (Source: Collective2.com)

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:10am On Jul 04, 2016
Monthly Forecasts for CFDs (July 2016)

AUS200
Dominant bias: Bullish
AUS200 declined last month, reaching a high of 5393.0 and a low of 5040.0. That southwards movement threatened the bullish outlook on the market, but the recovery that was witnessed in the last several days of June has upheld bulls’ domination. Price is expected to trend further northward this month, reaching the distribution territories at 5440.0, 5540.0 and 5640.0.

SPX500
Dominant bias: Bullish
This market moved sideways in the first half of June 2014; then it broke down on June 23 and 24, halting the bullish attempt that was witnessed before then. The bias would have turned bearish, should bears continued pushing the market southwards, but price started to recover the following week, which restored confidence to bulls. The outlook on the market is bullish, as bulls would continue to push price upwards, with only intermittent pullbacks along the way.

US30
Dominant bias: Bullish
The movement of this trading instrument was essentially bearish last month, but bulls were able to recover some of their losses, as price skyrocketed by 9000 points from the monthly low of 17059.0. Recovery is in progress, for this instrument may still move north by additional 4000 points (at least), this month. So the best approach might be to buy fleeting pullbacks in the market, especially when they are followed by a bullish candle in the 4-hour chart.

GER30
Dominant bias: Bullish
GER30 experienced a large pullback on June 23 and 24, after which bulls came in to arrest further bearish movement. Price plunged into very formidable demand zones and was forced to spring upwards – an action that was followed by a smooth bullish recovery. Price went upwards by almost 5000 points last week, but it is yet to reach the high of June 23, 2016, which was 10470.8. The high of that day is the minimum target for bulls this month, because GER30 would continue to experience gradual recovery until the target at 10470.8 is reached or exceeded.

FRA40
Dominant bias: Bullish
The market price reached a low of 3919.9 on June 24, and then began a journey of recovery, which remains in progress. Price closed at 4257.4 last week, on a bullish note. The targets for this month are located at the resistance lines of 4370.0, 4450.0 and 4500.0. This does not rule out possibilities of bears’ machinations, but bulls should be vividly victorious by the end of July.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:57pm On Jul 07, 2016
Trading Signals for JPY Pairs (July 8 – September 30, 2016)

USDJPY = Sell

AUDJPY = Sell

CADJPY = Sell

CHFJPY = Sell

EURJPY = Sell

GBPJPY = Sell

NZDJPY = 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. 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
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:24am On Jul 09, 2016
Weekly Trading Forecasts on Major Pairs (July 11 - 15, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair moved sideways last week, with no major bearish or bullish movement, though the overall bias remains bearish. There are support lines at 1.0000, 1.0950 and 1.0900. The support line at 1.1000 is a formidable barrier, and should price go below it, the support lines below it could be tested. On the other hand, there are resistance lines at 1.1150, 1.1200 and 1.1250, which could also be tested when bulls become strong enough to effect any short-term rally. The outlook on the market is bearish for this month; whereas that does not rule out bullish attempts this week.

USDCHF
Dominant bias: Bullish
USDCHF was able to move further upwards last week. Bulls achieved a feat when they pushed price above the support level at 0.9800 (which used to be an obstacle to them). Price was then pushed towards the resistance level at 0.9850, which has already been tested. There two threats against the current bullish outlook: 1). CHF could become strong any time this month. 2). USD may become weak versus other major currencies before the end of this week. Until one of these two threats materialize, USDCHF would continue trudging upwards.

GBPUSD
Dominant bias: Bearish
This currency trading instrument is still in a major downtrend. Price dropped 460 pips last week, reaching a low of 1.2796 and closing at 1.2951. The market went sideways in the last few days of the week. This week, there is a high probability that price would trend upwards (plus this could be witnessed on some GBP pairs). GBP might gain some strength this week or next week, but it is very much unlikely that the market would reach the high of June 23 anytime soon. This means that, while there could be a rally in the market, the dominant bias would continue to be bearish.

USDJPY
Dominant bias: Bearish
The market went down more than 250 pips last week, to close at 100.56 on Friday. The outlook on the market, and of course, on other JPY pairs, remains bearish. Price could trend further downwards, as it goes for the demand levels at 100.00, 99.50 and 99.00. The task is to break below the demand level at 100.00 first, after which it would be easier to reach other demand levels below it. Any rallies in this market ought to be ignored.

EURJPY
Dominant bias: Bearish
The “sell” signal on EURJPY is still a valid thing, since there is a Bearish Confirmation Pattern in the market. Price declined further by 330 pips from Monday to Wednesday, and consolidated till the end of the week. Like other JPY pairs, further decline is expected; and any rallied seen here are essentially opportunities to seek short trades. There are intriguing demand zones at 110.50, 110.00 and 109.50.

This forecast is concluded with the quote below:

“You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.”
- Bill Gross

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:12am On Jul 16, 2016
Weekly Trading Forecasts on Major Pairs (July 18 - 22, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
This market merely went flat throughout last week; neither closing above the resistance line at 1.1150 nor going below the support line 1.1000. Price went lower on July 15, but it is unlikely that the support line at 1.1000 would be breached, for price may not be able to close below the support line, even after it tests it. This week, the probability of price going north is higher than the probability of it going south. Therefore, the resistance lines at 1.1200 and 1.1250 could be tested this week.

USDCHF
Dominant bias: Bullish
In spite of attacks from bears, USDCHF was able to avoid a significant decline last week. Price managed to go above the resistance level 0.9850, but it could not reach the subsequent resistance level at 0.9900 (which is a strong barrier to the bullish movement). Price underwent a shallow bearish correction on Wednesday and Thursday; while the bias remains bullish. There ought to be further bullish movement this week….. But…. There two threats against the current bullish outlook: 1). CHF could become strong any time this month. 2). USD may become weak versus other major currencies before the end of this week. Until one of these two threats materialize, USDCHF would continue trudging upwards.

GBPUSD
Dominant bias: Bearish
Just as it was forecasted, GBPUSD pair made some conspicuous effort to rally last week, without being able to overturn the bearish outlook on it. Other GBP pairs also rallied significantly, like GBPNZD (1100 pips) and GBPJPY (1300 pips). GBPUSD went north by 550 pips, topped at 1.3480, before the current pullback began. A bullish signal has been generated in the hourly and 4-hour charts, whereas the overall bias remains bearish on higher timeframes. GBPUSD might be able to go further upwards this week; and the bias could turn bullish in case the rally is quite strong.

USDJPY
Dominant bias: Bullish
Contrary to expectation, USDJPY pair went upwards significantly last week (just as other JPY pairs did). Price went north 550 pips, ramming into the supply level at 106.00, before getting corrected on Friday. There is a now a Bullish Confirmation Pattern in the chart, which means that further upwards movement is possible. The only possible impediment to the current bullish effort is a possible weakness in USD, which might result in a considerable selling pressure.

EURJPY
Dominant bias: Bullish
This cross underwent a bullish movement of more than 700 pips last week, enforcing a Bullish Confirmation Pattern in the 4-hour chart. Although price got corrected by over 200 pips on Friday, July 15, the Bullish Confirmation Pattern remains valid. This means price might go further upwards this week, though threats from bears have not abated. Only a movement below the demand zone at 114.00 would render the bullish outlook useless.

This forecast is concluded with the quote below:

“We believe in never trying to "take" or force the market, only "accept" what it gives you.” - Joe Ross

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:39pm On Jul 23, 2016
Weekly Trading Forecasts on Major Pairs (July 25 - 29, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair consolidated to the downside last week, moving south by only 100 pips and closing above the support line at 1.0950 on Friday. There is a “sell” signal in the market and price might test the support lines at 1.0900, 1.0850 and 1.0800 this week, because USD is expected to gain some stamina. Most major pairs did not move significantly last week, but movements in the markets this week would be stronger than the movements last week.

USDCHF
Dominant bias: Bullish
Last week, USDCHF was able to maintain its bullishness despite constant threats from bears. Price did not go upwards strongly but it is now above the important support level of 0.9800. There is a major obstacle to bulls, located at the resistance level of 0.9900. Bulls have carried out failed attacks into that resistance level, and they are yet to give up doing that. This week would be decisive, since bulls must breach the resistance level at 0.9900 to avoid a clear pullback in the market. One factor in their favor is the expected stamina in USD this week.

GBPUSD
Dominant bias: Neutral
Cable merely went sideways last week: An action that resulted in a neutral outlook in the short-term. This week will witness a serious battle between bulls and bears, for bulls would want to push Cable upwards, whereas USD might gain some strength of its own, thereby making the bullish movement a bit difficult. This week, there would be mixed results on GBP pairs, for GBP would be strong versus some currencies like AUD and NZD, while it might because weak versus other currencies like JPY.

USDJPY
Dominant bias: Bullish
This currency trading instrument went upwards by 200 pips last week, almost reaching the supply level at 107.50. Further bullish movement was rejected at that point and price got corrected lower by roughly 150 pips. Although there is a Bullish Confirmation Pattern in the 4-hour chart, the outlook on JPY pairs is bearish for this week. This means USDJPY could get corrected lower and lower; while the only factor that could help bulls is a possible strength in USD.

EURJPY
Dominant bias: Bullish
This cross made some effort to push price upwards. Price topped at 118.46, and the bullish effort was paused at that point. Since JPY pairs could go south this week, the demand zones at 115.50, 115.00 and 114.50, could become potential targets for bears. In case bears are able to push the market below the demand zone at 114.00, things would have turned bearish on the market.

This forecast is concluded with the quote below:

“Don’t let your day job keep you from indulging in the lucrative market.” – Ryan Mallory

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:13am On Jul 30, 2016
Weekly Trading Forecasts on Major Pairs (August 1 – 5, 2016)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair assumed a bullish journey last week, going upwards 230 pips. Price topped at 1.1195, closing above the support line at 1.1150. There is now a bullish signal in the market, which shows the possibility of price going further upwards. As forecasted in the last article, major pairs (with the exception of GBPUSD) moved more strongly than they did between July 18 to 22. As long as USD remains weak, EURUSD would continue going upwards. In August 2016, EUR would rally against most major pairs, meeting possible challenges only against JPY and (possibly JPY).


USDCHF
Dominant bias: Bearish
Contrary to expectation, USDCHF declined significantly because USD lost stamina. Although price initially went up by over 90 pips, almost reaching the resistance level at 0.9950, it later suffered a setback. From the high of 0.9949, price move south 300 pips, reaching a weekly low of 0.9635. There is now a Bearish Confirmation Pattern in the market: Further bearish movement is possible this week, provided USD continues its weakness.

GBPUSD
Dominant bias: Neutral
Cable merely went sideways last week – which means the present tight equilibrium phase remains valid. A strong breakout would occur this week or next, which would result in an end to the current equilibrium phase in the market. Normally, there ought to be a movement of 500 pips to the upside or to the downside, for the equilibrium phase to end. In August, GBP would rally versus AUD and NZD, but may experience difficulties in doing so versus JPY (and possibly USD).

USDJPY
Dominant bias: Bearish
Just as it was forecasted, USDJPY went bearish, going down 450 pips last week. Bulls fought gallantly against the bearish trend that started at the beginning of last week, but they suffered ignominious defeat on Friday. Price is expected to reach the demand levels at 101.50, 101.00 and 100.50 this week, unless some opposition arises as a result of a possible stamina in USD. Selling pressure is also visible on other JPY pairs, and it is worth mentioning that the outlook on JPY pairs is strongly bearish for the month of August 2016.

EURJPY
Dominant bias: Bearish
Just like most other JPY pairs, this currency trading instrument went south on Monday and Tuesday, but bulls managed to halt further southward movement on Wednesday and Thursday. However, bulls gave in to bearish pressure on Friday as price nosedived by 250 pips, closing at 113.94 that day. There is a clean bearish outlook on the market and further southward journey is possible.

This forecast is concluded with the quote below:

“Develop and adhere to a system, not random and erratic acts of inconsistent trading.”
– Louise Bedford

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 3:29pm On Aug 01, 2016
Monthly Technical Reviews on Gold, Silver and Bitcoin (August 2016)

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold moved upwards in the first few days of July and then began to consolidate to the downside. The downside consolidated was conspicuous from July 13 to 27. But in the last few trading days, price started moving upwards gradually – an action that saves the current bullish bias in the market. Since the bias is bullish, it is normal to expect price to continue going upwards, seeing the downside consolidation in the middle of July as an opportunity to buy.


SILVER (XAGUSD)
Dominant Bias: Bullish
Just like Gold, Silver also started July 2016 on a bullish note, but began to correct downwards in the middle of the month (especially from July 11 to 27). Price managed to end July on a bullish note, and thus, might continue trending upwards. This is a bull market, in spite of machinations of bears. In August, dips in the market would offer good opportunities to go long at better prices, for bulls might be able to target the resistance levels at 21.0000, 22.5000 and 23.0000.

BITCOIN (BTCUSD)
Dominant Bias: Neutral
Bitcoin has become a flat market. Price has been moving sideways for weeks, though it is volatile. This kind of volatility is has not taken the market anywhere, save transient bearish movements, alternated by transient bullish movements, which are nothing significant on higher time horizons. There is currently a struggle between bulls and bears, and price would begin to trend strongly when one group is dominated, i.e. when the market goes out of balance. That is exactly what would happen in August.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:15am On Aug 03, 2016
Monthly Forecasts for CFDs (August 2016)

AUS200
Dominant bias: Bullish
AUS200 moved north by over 3700 points in July 2016, as it was anticipated. There is a Bullish Confirmation Pattern in the daily and 4-hour charts, emphasizing bulls’ hegemony. In this market, the best trading approach now is to buy short-term pullbacks whenever they happen, providing that a pullback is followed by a bullish candle. This is exactly what happened on July 5, 2016, and it was followed by a nice bullish run.

SPX500
Dominant bias: Bullish
This market moved upwards in bullish mode between July 4 to 20 (the dip the happened on July 5 being a “buy” opportunities for latecomers). Price then consolidated from July 20 till the end of the month. The consolidation that happened in the last few days of the month has resulted in a “box” between the support line at 2157.0 and the resistance line at 2178.5; and price would need to go out of the box for the trend to continue. Since the outlook on SPX500 is currently bullish (though bears might win before the end of this year), price would continue going upwards when it leaves the box.

US30
Dominant bias: Bullish
Here, price reached a low of 17709.0 and a high of 18635.0, in July 2016. That was a gain of over 920 points, from trough to peak. However, price threatened to break down last week, forming a bearish signal on the 4-hour chart, while the bias on the daily chart remains bullish. In August, a movement bellow the accumulation territory at 18200.0 would result in a bearish outlook, unless price moves upwards before reaching that accumulation territory.

GER30
Dominant bias: Bullish
In the last prognosis, the supply level at 10470.8 was our target for last month. From the monthly low of 9301.3, price went up more than 10,500 points, to close the month at 10350.7. While the target for last month has not been reached, it would be reached in August. Price might even be able to go above it, and gain additional 500 points after the initial target has been exceeded.

FRA40
Dominant bias: Bullish
From July 4 to 7, FRA40 went south, but further southward movement was rejected at the demand zone of 4057.4, after which price went northward by roughly 4000 points. There is an ongoing bullish signal in the market and price is supposed to continue trending upwards in August 2016, reaching the supply zones at 4500.0, 4550.0 and 4650.0 in this month or next.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:03am On Aug 06, 2016
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
Re: An Expert's Journal Of Weekly Trades by ItuExchange(m): 6:34am On Aug 07, 2016
I've been following this thread silently. The analyses are extremely useful, though not perfect.

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