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Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 2:42am On Feb 19, 2017
Weekly Trading Forecasts on Major Pairs (February 20 - 24, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
From Monday to Wednesday, this pair went downwards, moving below briefly below the support line at 1.0550. Price then rallied above the resistance line at 1.0650, before getting corrected lower on Friday. The outlook on the market is bearish, and further bearish movement is expected this week, as price targets the support lines at 1.0550 (which was tested last week), 1.0500 and 1.0450.

USDCHF
Dominant bias: Bearish
Oddly enough, the current outlook on USDCHF is bearish, just like the outlook on EURUSD. One of the reasons behind this is occasional bouts of stamina in CHF, which sometimes put checks on USDCHF bullish ambitions. The market level at 1.0000 has now become insignificant, since price just goes above and below it at will. For example, price went below it on February 16, only to go above it on February 17. Only a very strong bearish plunge on EURUSD would help push USDCHF upwards considerably.

GBPUSD
Dominant bias: Neutral
GBPUSD has been moving sideways for at least, two weeks. The market did nothing noteworthy last week. This directionless movement would soon end, and a strong momentum would rise, pushing price in a clear direction. A closer look at the market shows that bears’ hands are currently stronger than bulls’ hands, and following the ongoing impasse, price could plunge southwards. The outlook on GBP pairs remains bearish.

USDJPY
Dominant bias: Bearish
In the context of a downtrend, price moved upwards from February 9 – 15, and then began to pull back from that day. On February 17, price closed below the demand level at 113.000, leading to a Bearish Confirmation Pattern in the market. The targets for this week are the demand levels at 112.50, 112.00 and 111.50. This, however, does not rule out a possibility of a strong rally before the end of the month.

EURJPY
Dominant bias: Bearish
This cross is bearish in the long-term and neutral in the short-term. The market consolidated from Monday to Friday and then started moving downwards as it plunged by over 120 pips that day. This is in agreement with the southward movement that was started in the beginning of this month; plus further southward movement is possible. On the other hand, a possibility of a serious rally still remains… on JPY pairs.

This forecast is concluded with the quote below:

“For some traders, commitment to success is not optional but mandatory.” – Joe Ross

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:57pm On Feb 25, 2017
Weekly Trading Forecasts for Major Pairs (February 27 – March 2, 2017)

Here’s the market ouatlook for the week:

EURUSD
Dominant bias: Bearish
This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the support line at 1.0500 again and breaking it to the downside. The outlook on EURUSD (as well as other EUR pairs) is strongly bearish for this week and the month of March.

USDCHF
Dominant bias: Bullish
There is a weak bullish signal on USDCHF. The signal is weak because price has moved upwards only by about 200 pips in the whole of February. There was an upwards movement last week, which pushed price briefly above the resistance level at 1.0100, before the correction that was witnessed in the last two trading days of the week. There is still a tendency for price to continue going upwards, as long as EURUSD journeys southwards.

GBPUSD
Dominant bias: Neutral
For at least, three weeks, Cable has been moving sideways, hence the neutral bias on the market. Price has only oscillated between the accumulation territory at 1.2350 and the distribution territory at 1.2600. There is a need for price to go above that distribution territory, staying above it; or below that accumulation territory, staying below it, before the neutral bias can be considered as being over. Until this happens, the bias would remain neutral. There is a possibility that GBP pairs would go considerably bearish in March, though they would make some attempt to rally around the end of that month.

USDJPY
Dominant bias: Neutral
This trading instrument is neutral in the medium-term and bearish in the short-term. Price consolidated last week, and then trended downwards on Thursday and Friday. This is an action that has led to a Bearish Confirmation Pattern in the short-term, which may enable price to reach the demand levels at 111.50 and 111.000. This does not rule out a possibility of a rally, since some serious bullish effort is expected on most JPY pairs in March.

EURJPY
Dominant bias: Bearish
There is a strong bearish signal on this cross, which has moved downwards by 350 pips so far this month. The market went southwards 150 pips this week, closing below the supply zone at 118.50. The demand zones at 118.00 and 117.50 could also be tested this week. On the other hand, a serious weakness in Yen may cause price to jump upwards, which is something that would possibly happen in the March.

This forecast is concluded with the quote below:

“A good plan will include a well-tested strategy, a trading method, or a setup. Having a positive expectation should allow you to have the confidence to start trading your plan.” – Andy Jordan


Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:44am On Mar 02, 2017
Monthly Forecasts for CFDs (March 2017)

AUS200
Dominant bias: Bullish
While this market went bearish in January, it went bullish in February. In the context of an uptrend, price was corrected last week, and then started March on a bullish note. The outlook on the market is bullish, and there is a possibility that the resistance lines at 5775.00 and 5800.00 would be tested. The ultimate target for this month is 5831.42, which was the high of last month. This means that price could meet some challenge at the resistance line resistance line of 5830.00, but a strong buying pressure could make price go above it.

SPX500
Dominant bias: Bullish
SPX500 is a very interesting market. Price has gone seriously upwards, just as it was forecast last month. Actually, the current bullish movement started in November 2016, following a long –term consolidation in the market. Since then, the market has gained 3700 point (since the low of November 2016). In February 2017 alone, the market gained 900 points. Having begun March on a strong bullish note, further northward movement is anticipated, which may push price towards the resistance levels at 2400.0, 2500.0 and 2600.0.

US30
Dominant bias: Bullish
It is no big surprise that the movement on US30 is quite similar to the movement on SPX500. Since November 2016, price has moved upwards by close to 3700 pips (starting from the low of November 2106). The market gained more than 850 points in February 2017 - with little retracements along the way – and again trended significantly upwards this week. Since price has gone above one accumulation territory after the other, it is assumed that, it would eventually reach the distribution territories at 21500, 22000 and 22500 in March and/or April.

GER30
Dominant bias: Bullish
This trading instrument is volatile but bullish. Just as it was mentioned in the last forecast, price went upwards in February, in conjunction with the bullish movement that started a few months back. This has resulted in a vivid Bullish Confirmation Pattern in the market; and despite some bearish retracements that would be transitory, the overall movement in the market would be bearish this month. The next targets are located at the supply levels of 12100.0, 12300.0 and 12500.0. The bullish outlook cannot be rendered invalid until there is at least, a 1000-point movement to the downside.

FRA40
Dominant bias: Bullish
FRA40 went bearish in January this year, which almost forced a bearish outlook on the market. In February, the market made some bullish attempt and then started coming down from February 16. Last week was particularly bearish, but further bearish movement was rejected at the demand zone of 4840.0. Price bounced upwards from that demand zone (February 24), consolidated this Monday and Tuesday, and then broke out northwards on Wednesday (March 1). This could be the beginning of a serious bullish journey, which may enable price to reach the supply zones at 4990.0, 5100.0 and 5050.0.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 7:10am On Mar 05, 2017
Weekly Trading Forecasts for Major Pairs (March 6 - 10, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
EURUSD went downwards last week, tested the support line at 1.0500, and then rallied significantly on Friday. Actually, the Friday rally might end up being a good opportunity to sell short at better prices (unless the resistance line at 1.0700 is breached to the upside, which would result in bullish signal). This week, price could test the support lines at 1.0450, 1.0400 and 1.0350; for the outlook on EURUSD is bearish.

USDCHF
Dominant bias: Bullish
There is still a weak bullish outlook on this pair, though it is currently showing some weakness. Price is now above the support level at 1.0050, and as long as EURUSD continues going downwards, USDCH would continue trudging upwards, possibly reaching the resistance levels at 1.0100 (which was actually tested and breached temporarily last week), 1.0150 and 1.0200. On the other hand, a movement below the support level at 1.0000 would result in a bearish outlook.

GBPUSD
Dominant bias: Bearish
GBPUSD dropped 200 pips last week, briefly moving below the accumulation territory at 1.2250, before bouncing upwards from there. The upward bounce is something that is supposed to be transitory, for the outlook on the market is bearish for this week. The targets to be possibly reached are located at the accumulation territories at 1.2250, 1.2200 and 1.2150. Some other GBP pairs like GBPNZD and GBPAUD might also be seen going bearish this week.

USDJPY
Dominant bias: Bullish
There is a bullish bias on this trading instrument, but this is nothing yet over-the-top. Price went upwards from the demand level at 112.00, reaching the supply level at 114.50 (a northwards movement of 250 pips). Since there is some kind of weakness in JPY, it is possible that the supply levels at 115.00, 115.50 and 116.00 would be attained this week. Should that happen, the bullish bias would simply become stronger.

EURJPY
Dominant bias: Bullish
This cross went north by 270 pips last week. Price rose from the demand zone at 118.50, and closing above the demand zone at 121.00 on March 3. There is a strong Bullish Confirmation Pattern in the market. Since the outlook on JPY pairs is bullish for this week, it is anticipated that this EURJPY would continue going upwards, reaching the supply zones at 121.50, 122.00 and 122.50 before the end of this week.

This forecast is concluded with the quote below:
“Traders, by their very nature, are optimistic risk takers. We believe we can make money. We say ‘Yes’ to risk. We say ‘Yes’ to learning about how to trade effectively. We say ‘Yes’ to a brighter future for ourselves and our family.” – Louise Bedford

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:49pm On Mar 08, 2017

Monthly Technical Reviews on Gold, Silver and Bitcoin (March 2017)


GOLD (XAUUSD)
Dominant Bias: Bullish
Gold trended upwards in January and February 2017. Price topped at 1263.61 on February 27 and then began to pull back. The pullback is significant, (about 4,600-pip movement to the south), but it is not strong enough to override the extant bullish outlook on the market, unless price pulls back further by another 4,000 pips, which would require a serious selling pressure. Price could move upwards from here, recovering recent losses. The targets for this month are located around the resistance levels at 1230.00, 1250.00 and 1300.00 this month.

SILVER (XAGUSD)
Dominant Bias: Bullish
Silver also trended upwards in January and February, and then started going south from the beginning of March. The southwards movement has been serious enough to generate a short-term bearish bias, while the long-term bias remains bullish. As long as price does not go below the demand level at 16.0000, the long-term bias would not turn bearish. There may be an outright rally from here; or price may go further south before the rally occurs. Whatever the case may be, price would make some effort to reach the supply levels at 17.7000, 18.0000 and 18.5000 this month.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin is a bull market – with a Bullish Confirmation Pattern in it. Price has been going steadily upwards within the last several months, and this is something that is expected to continue. The pullback that occurred on March 7 was a result of a temporary sale in the context of a long-term uptrend, as price does not go in a straight line. It is possible for price to pull back further, but that would not threaten the bullish outlook on this market, for it is expected to go north by at least 10,000 pips this month. The market went up more than 24,000 pips last month.



Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:36am On Mar 12, 2017
Weekly Trading Forecasts for Major Pairs (March 13 - 17, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair trended downwards from Monday to Thursday and then rallied significantly. This has resulted in a bullish bias on the market, as price nearly reached the resistance line at 1.0700. This week, further rally is anticipated because the outlook on Greenback is bearish for the week: a factor that may be favorable to EURUSD. The first target for the week is the resistance line at 1.0700, and then followed by the resistance lines at 1.0750 and 1.0800.

USDCHF
Dominant bias: Bullish
There is still a weak bullish outlook on this pair, though it is currently showing some weakness. As long as EURUSD goes upwards, USDCHF would find it very difficult to go upwards. Price was corrected lower on Friday, and since USD is expected to be weak this week, the support levels at 1.0050 and 1.0000 could be tested. Attempts to breach the resistance level at 1.0150 has already failed and that resistance level would serve as a strong barrier to any bullish effort this week.

GBPUSD
Dominant bias: Bearish
GBPUSD went south by 140 pips last week. Price has trended downwards by 310 pips since February 27, 2017, resulting in a clear Bearish Confirmation Pattern in the market. There is now a bearish siege at the accumulation territory of 1.2150, which has been battered without any success. While GBP could fall further versus other currencies like CHF, AUD and NZD, it may not fall further versus USD, since USD may experience some weakness this week, coupled with strong obstacles at the accumulation territories of 1.1250 and 1.1200. There is a logical expectation of some rally in GBPUSD.

USDJPY
Dominant bias: Bullish
The market managed to go upwards last week after moving sideways in the first few trading days of the week. The bias is bullish, though not a strong one. Price closed below the supply level at 115.00 on March 10, and it might make effort to go upwards from there. This week, the outlook on JPY pairs is bullish, but the expected weakness in USD might scuttle bullish effort in the market. There are supply levels at 116.00, 115.50 and 115.00. There are also demand levels at 114.50, 114.00 and 113.50.

EURJPY
Dominant bias: Bullish
Just like USDJPY, this cross pair moved sideways in the first few days of the last trading week, and then broke upwards in agreement with the recent bullish outlook on the market. From the weekly low of 120.01, price went north by 280 pips, and closed at 122.51 on Friday. There is a Bullish Confirmation Pattern in the market, and since the outlook on JPY pairs is bullish for this week, further movement is expected on EURJPY (a movement of at least, 200 pips). EUR is currently strong in its own right and this is a factor that could help the cross pair upwards.

This forecast is concluded with the quote below:

“Trading is a business.” – Joe Ross

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:02am On Mar 19, 2017
Weekly Trading Forecasts for Major Pairs (March 20 - 24, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair trended downwards on March 13 and 14, testing the support line at 1.0600. From the support line, price rose by 180 pips, going briefly above the resistance line at 1.0750 and then closing below it on Friday. The bullish signal is still in place, and further rise in price may be witnessed this week, which would enable price to go above the resistance line at 1.0750 again. However, it is also possible that EURUSD would trend downwards before the end of this week.


USDCHF
Dominant bias: Bearish
As it was forecast last week, the weakness in greenback has caused USD/CHF to fall (as well as the bullishness of EURUSD). Price consolidated from Monday to Wednesday, and later plummeted on that day, to form a strong Bearish Confirmation Pattern in the market. The support level at 0.9950 has already been tested. As long as EURUSD is going up, USDCHF would be going down. On the other hand, whenever EURUSD showcases conspicuous weakness, USDCHF would rally seriously (something that may happen this week or next).

GBPUSD
Dominant bias: Bullish
The main reason why Cable was able to rally last week was because USD became week. Before that, bears had met some impediment at the accumulation territory of 1.2150; a territory from which price rose 250 pips to test the distribution territory at 1.2400. There is already a bullish outlook on the market – which would continue to hold out as long as USD is weak enough to allow further rally. Any show of strength in USD would send Cable tumbling.

USDJPY
Dominant bias: Bearish
In the last weekly forecast, it was mentioned that any show of weakness in USD would render bullish effort invalid in this market. That was exactly what happened: From the beginning of the week till March 15, price was consolidating. However, price began to trend downwards as USD became weak. There was an overall bearish movement of almost 250 pips last week, between the supply level at 115.00 and the demand level at 112.50. This week, further downwards movement is possible, but not without a possibility of a rally this week or next.

EURJPY
Dominant bias: Neutral
Last week, this cross moved slightly southward by some 150 pips. This contrasted with the recent bullish bias, thus creating a short-term neutral bias on the cross. On Friday, the cross closed around the demand zone at 121.00. Further southward effort may bring price towards another demand zones at 120.50 and 120.00. But it should be noted that the outlook on JPY pairs is bullish, and they would rally before the end of March 2017, especially when JPY itself becomes weak.

This forecast is concluded with the quote below:

“Isn't it time you took control of your own trading? Somewhere inside you there is a brilliant trader wanting to come out.” – Louise Bedford

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:30am On Mar 26, 2017
Weekly Trading Forecasts for Major Pairs (March 27 – 31, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
EURUSD managed to hold out its bullishness last week, in spite of the current short-tern consolidation in the market. Price reached the resistance line at 1.0800 and moved sideways till Friday. Many unsuccessful attempts were made to overcome the resistance line at 1.0800, but price could not stay above it. This week, that resistance line could possibly be overcome as another resistance line at 1.0800 is possibly targeted. However, there is also a strong possibility of weakness in the market; unless USD continues to be weak versus EUR.

USDCHF
Dominant bias: Bearish
Price dropped 70 pips last week, testing the support level at 0.9900. Attempts to breach that support level have not been successful, but that could happen this week, as selling pressure continues in the market. Since price has already gone below the psychological level at 1.0000, it would not be easy for it to go above that level again. There are potential targets at the support levels of 0.9850 and 0.9800 this week, which could be reached as long as USDCHF continues its weakness.

GBPUSD
Dominant bias: Bullish
GBPUSD went upwards last week, reaching the distribution territory at 1.2500; and then consolidating till the end of the week. There is a strong Bullish Confirmation Pattern in the market, and the outlook on GBP pairs continues to be bullish, and further bullish movement is expected on GBPUSD this week. The pair would go upwards by a minimum of 150 pips, testing the distribution territories at 1.2550, 1.2600 and 1.2650.
.
USDJPY
Dominant bias: Bearish
This pair dropped 160 pips last week. Since March 10, price has dropped 430 pips, leading to a strong bearish bias on the market, which would continue as long as USDJPY is weak. The demand level at 111.00 was tested several times last week, but price managed to close above it. This week, further southwards movement would happen, once the demand level at 111.00 is breached to the downside. However, there is an indication of probable rallies on JPY pairs before the end of the month, which would also affect USDJPY.

EURJPY
Dominant bias: Bearish
Last week, there was some downwards movement on this cross, which dropped 180 pips to test the demand zone at 119.50. Since March 13, price has dropped 310 pips. There is currently a “sell” signal in the market, which may enable the demand zones at 119.00 and 118.50 to be reached. On the other hand, there could be a rally in the market before the end of the month. This is also expected on other JPY pairs.

This forecast is concluded with the quote below:

“It is critical to develop a well thought out and organized trading plan. It is then important to have the discipline needed to follow it… Trading should bring fulfillment of your business and personal goals.” – Andy Jordan

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 12:15am On Apr 02, 2017
Weekly Trading Forecasts for Major Pairs (April 3 - 7, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair went upwards early last week, tested the resistance line at 1.0900 and then nosedived by almost 250 pips. Price is now very close to the support line at 1.0650, which would be breached to the downside as price goes towards another support lines at 1.0600 and 1.0550. The outlook on EURUSD, as well as other EUR pairs, is mostly bearish for this week and for this month; though there would be some visible rally attempts in the market.

USDCHF
Dominant bias: Bearish
USDCHF went upwards last week. Price first moved briefly below the support level at 0.9850 and then rose upwards for the rest of the week, closing above the support level at 1.0000. A movement above the resistance level at 1.0050 would pose a threat to the recent bearish bias; while a movement above the resistance level at 1.0100 would result in a bullish bias. This week and this month, the movements on USDCHF would be largely determined by whatever happens to EURUSD.

GBPUSD
Dominant bias: Bullish
GBPUSD first moved upwards last week, testing the distribution territory at 1.2600 and then went south, reaching the accumulation territory at 1.2400. Price made several futile attempts to breach that accumulation territory, and later rose up towards the distribution 1.2550. The distribution territories at 1.2600 and 1.2650 could be tested this week, as the market goes further upwards. There would be very strong bearish and bullish movements on GBPUSD this month (which is true of other GBP pairs).

USDJPY
Dominant bias: Bearish
USDJPY went upwards throughout last week, but that was not significant enough to override the current bearish bias. Price reached the supply level at 112.00 and later closed below the supply level at 111.50. There was an expectation of a very strong bullish movement last week: The market did move upwards but it was only a movement of roughly 170 pips. Price may move further upwards, but that movement would not be strong. The outlook on JPY pairs is bearish for April 2017.

EURJPY
Dominant bias: Bearish
The market consolidated for most of last week, in the context of a downtrend. The consolidation started on March 22 and ended on March 31, when price broke southwards, closing below the supply zone at 119.00. There are immediate targets at the demand zones of 118.50 and 118.00, but the targets may be exceeded. The outlook on JPY pairs is bearish for the month of April, and as EUR becomes weaker in itself, the market would continue to journey southwards.

This forecast is concluded with the quote below:

“A trading strategy is defined by a set of rules. It is following these rules that give the system it’s ‘edge’ over a period of time. This edge produces a result that is better than random, and most importantly produces a profit.” - Jasper Lawler

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:48am On Apr 04, 2017



Monthly Technical Reviews for Gold, Silver and Bitcoin (April 2017)


GOLD (XAUUSD)
Dominant Bias: Bullish
Gold is now a bull market, which is supposed to continue for some time. The bullish trend that has started on Gold since the beginning of this year came under attack from February 27 to March 14. Price reached a low of 1194.73 in March, and then moved upwards by roughly 6500, to help reinforce the existing bullish trend. April has been started on a bullish note and price may continue going upward and upwards, reaching the resistance levels at 1270.00, 1290.00 and 1300.00. Price is about to break the high of March, which is 1260.83.

SILVER (XAGUSD)
Dominant Bias: Bullish
Just like Gold, Silver has been in a bullish trend since January 2017, and the bullish trend is supposed to continue going upwards and upwards. Within March 2 – March 14, the market came under heavy selling pressure, which almost brought the bullish trend to an end. However, price started going upwards on March 15, and price has gone upwards significantly since then, establishing bulls’ supremacy once again. Price is now close to the high of March, which is 18.462. After breaking the high to the upside, price would then go towards the supply levels at 18.5000, 19.0000 and 19.5000.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin, which has been trending upwards for several months, was mostly bearish in March. Price was highly volatile and choppy that month, as it went steadily southwards. Nonetheless, the southward movement was not strong enough to completely override the extant bullishness in the market. Last week, price began making some effort to go upwards. The effort to go upwards is still in place and it is expected to continue as price goes towards the distribution territories at 1150.00, 1180.00 and 1200.00 within the next few weeks. The distribution territory may even be exceeded.



Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 4:29pm On Apr 06, 2017
Technical Forecasts for CFDs (April 2017)

AUS200
Dominant bias: Bullish
The market consolidated from March 3 to 27, and then moved upwards protractedly till the end of March. The bullishness in the market is still being preserved, though things are choppy and volatile at the present. In April, it is expected that price would continue going upward, and gradually. The resistance lines at 5900.00 and 5950.00 are the immediate targets for bulls. The ultimate target is the resistance line at 6000.00. As price journeys upwards, there would be occasional pullbacks along the way – and some can even be large.

SPX500
Dominant bias: Bullish
SPX500 underwent some bearish correction throughout March 2017, but that was not significant enough to pose any threat to the dominant bullish bias, let alone invalidating it. Right now, the bearish correction is still in place, and it might continue this month (until something fundamental forces price to change its course). A movement below the support level at 2300.0 would threaten the bullish bias; while a movement below the support level at 2200.0 would result in a clean bearish outlook on the market. Unless these support levels are broken, any bearish corrections would be viewed as transient.

US30
Dominant bias: Bullish
As usual, the movement on SPX500 is essentially similar to the movement on US30, since the conditions surrounding both markets are the same. US30 consolidated throughout last month, as bears subtly pushed price gradually south. The downwards correction is still in place, and it might end becoming an opportunity to go long at better prices. The bullish bias would continue to hold as long as price does not go below the accumulation territory at 20000; though the accumulation territories at 20500 and 20300 could be tested temporarily.

GER30
Dominant bias: Bullish
This market was able to continue its bullish movement last week. The bullish movement started in 2016, and there is still much room for further bullish movement. Last month, price reached a low of 11847.3 and a high of 12342.9. A movement below the low of last month would result in a bearish signal; while a movement above the high of last month would result in stronger Bullish Confirmation Pattern in the market. Given the current price action, a movement to the upside is the most likely. Eyes are on the supply levels at 12300.0 and 12500.00.

FRA40
Dominant bias: Bullish
FRA40 was able to avoid a major pullback in March, as it reached an equilibrium phase. Price broke to the upside on March 27, rallying till the end of the month. There is yet to be a directional movement so far in this month, but price is playing itself out in the context of an uptrend. It is expected that price would go out of balance again, and there is a probability that the breakout would be in favor of the existing bullish bias. While there also would be some corrections in the market, the supply zones at 5150.0, 5200.0 and 5250.0 could be reached before the end of this month.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:15pm On Apr 08, 2017
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

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:46pm On Apr 15, 2017
Weekly Trading Forecasts for Major Pairs (April 17 - 21, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
EURUSD consolidated from Monday to Friday, save a faint rally that was witnessed on Wednesday. The bearish bias on the pair still holds, though another week-long consolidation would lead it into a neutral zone. This week, attempts would be made to push price upwards, and that would be something that cannot override the current bearish bias unless price goes above the resistance line at 1.0800. Until that resistance line is broken to the upside, any rallies seen here should be taken as good “sell” signals.

USDCHF
Dominant bias: Bullish
Just like EURUSD, USDCHF consolidated last week, in a context of an uptrend (albeit some shallow bearish correction has been witnessed on smaller time horizons). Price has been able to stay above the support level of 1.0000; for a movement below that support level would result in a bearish bias. Price could reach the resistance levels at 1.0100 and 1.0150 within the next several trading days. This week, the movement on USDCHF is subject to whatever happens to EURUSD.

GBPUSD
Dominant bias: Bullish
Cable went up by 190 pips, testing the distribution territory at 1.2550, before a shallow correction that was witnessed at the end of last week. The outlook on Cable remains bullish (and some bullishness would be detected on GBP pairs as well). The distribution territory at 1.2550 would be tested again and most probably, breached to the upside, as price then goes on towards other distribution territories at 1.2600, 1.2650 and 1.2700.

USDJPY
Dominant bias: Bearish
As it was predicted, USDJPY went south by nearly 290 pips last week, thus ending the flat movement that happened in the market between April 3 and April 7. There is a clean Bearish Confirmation Pattern in the market and the outlook on it remains bearish for this week and this month (an outlook that is also true of other JPY pairs). This week, bears would make attempt to push price below the demand levels at 108.50, 108.00 and 107.50.

EURJPY
Dominant bias: Bearish
Our bearish targets for this market were exceeded last week, since price closed below the supply zone at 115.50., now aiming at the demand zone at 115.00. Price dropped 270 pips last week – having dropped roughly 730 pips since March 13, 2017. Further and further bearish movement is envisaged as price goes towards the demand zones at 115.00, 114.50 and 114.00. These are initial targets for the next several trading days, as they could be exceeded. Temporary bullish attempts could also be witnessed this week.

This forecast is concluded with the quote below:

“It feels good when I look at returns of big hedge funds, and see that I beat many of them almost every year.” - Roland Manuhutu

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 12:11pm On Apr 23, 2017
Weekly Trading Forecasts for Major Pairs (April 24 - 28, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bearish
This pair trended upwards last week, briefly went above the resistance line at 1.0750, and then retraced southwards. There are support lines at 0.0700 and 0.0650, which may attempt to impede any bearish attempts this week. The bearishness in the market still holds, until price goes above the resistance line at 1.0800, which is supposed to happen this week. The outlook on EURUSD and other EUR pairs, is bullish for this week.

USDCHF
Dominant bias: Neutral
This month, USDCHF has generally moved between the support level at 0.9900 and the resistance level at 1.0100, having brought about a neutral bias on the market. Movements above the level at 1.0000 would cause short-term bullish signals, and movements below the level would cause short-term bearish signals, while the long-term bias remain neutral. Price is expected to go south this week, reaching the support level at 0.9900. Protracted selling pressure would be needed to break that support level to the downside.

GBPUSD
Dominant bias: Bullish
As is was anticipated, GBPUSD went significantly upwards last week; and so were other GBP pairs (EURGBP went south). Price skyrocketed by 370 pips, reaching the distribution territory 1.2900. Price has moved sideways since then – in what could be called a pause in the northward journey. This week, the outlook on GBPUSD, as well as other GBP pairs, remains bullish. So, when momentum returns to the market, it would most probably favor bulls. Price may target the distribution territories at 1.2850, 1.2900 and 1.2950 this week.

USDJPY
Dominant bias: Bearish
This trading instrument consolidated throughout last week, in a context of a downtrend. A movement above the supply level at 111.00 would result in a bullish signal, as the current bearish bias is overridden. A movement below the demand level at 108.00 would result in a clear Bearish Confirmation Pattern in the market, as price goes further south. The outlook on USD/JPY is bearish for this week. Therefore, southward a southward movement is more likely.

EURJPY
Dominant bias: Bearish
This cross pair made effort to go up last week, rising from the demand zone at 115.00, and reaching the supply zone at 117.50 (a movement of 250 pips). The bullish effort was not strong enough to override the extant bearish outlook on the market. Price was engaged in some bearish correction on Friday; plus the last week rise in price may turn out to be a good opportunity to sell short at better prices. The outlook on other JPY pairs is also bearish for this week.

This forecast is concluded with the quote below:

“If we have trained properly, if we understand our planning, if we have done our preparation, our system execution should be a matter of routine.” – Ken Long

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 2:49am On Apr 30, 2017
Weekly Trading Forecasts for Major Pairs (May 1 – May 5, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
Last week, this pair opened with a massive gap-up, which also happened on other EUR pairs. Price managed to reach the resistance line at 1.0950, and then consolidated till the end of the week. The gap-up has forced a bullish bias to appear, but this may not last long because EURUSD are expected to become weak this week. While there are resistance lines at 1.1000 and 1.1050, the support lines at 1.0900, 1.0850 and 1.0800 could be tested this week.

USDCHF
Dominant bias: Bearish
USDCHF is in a short-term bearish mode, and price consolidated last week in the context of that short-term bearish mode. Within the last several days, price has not been able to move above the resistance level at 1.0000 or below the support level at 0.9900. A movement above the resistance levels at 1.0000 and 1.0100 would result in a Bullish Confirmation Pattern, while a movement below the support levels at 0.9900 and 0.9800 would reinforce the existing bearishness in the market.

GBPUSD
Dominant bias: Bullish
Last week, price consolidated from April 24 to 26 and then resumed its upwards journey, which was started on April 10 (although the most significant bullish movement occurred on April 18). The distribution territory at 1.2950 was tested on Friday before the market closed. Since April 10, price has gone upwards by 570 pips, and this is just the beginning, because there is a strong Bullish Confirmation Pattern in the market, and because the outlook on GBP pairs is also bullish for May. There may be some bearish attempts, but the bullish bias might survive till the end of May.

USDJPY
Dominant bias: Bullish
USDJPY also opened with gap-ups at the beginning of last week, just as other JPY pairs did. The gap-up forced a bullish signal to form as price went further upwards, testing the supply level at 111.50. The bullish bias might hold for a few more days, (reaching the supply levels at 112.00, 112.50 and 113.00 at most), but the outlook on USDJPY is bearish for this week and this month. A major pullback would eventually happen.

EURJPY
Dominant bias: Bullish
Last week, the market opened with an upward gaps, which was not filled because price even went further upwards on Tuesday, almost testing the supply zone at 122.00 and consolidating till the end of the week. This cross might go upward a bit further; though there is a high probability of strong selling pressures occurring this week and this month, which would override the current bullish signal. The outlook on JPY pairs is seriously bearish for May.

This forecast is concluded with the quote below:


“Today, I am a full-time active private trader and I am thankful that trading has eliminated the need for me to re-enter the corporate world. I’m also a full-time Mum to two fabulous kids who are benefiting from the time I’m now able to spend with them every single day… Really, this is a profession you can enter regardless of your educational background.” – Louise Bedford

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 8:46am On May 03, 2017
Technical Reviews for Gold, Silver and Bitcoin (May 2017)

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold is bullish in the long-term and bearish in the short-term. Price went upwards from April 3 to 17, and then began to be corrected lower. The lower correction has not been significant enough to override the recent bullish bias on the market. However, several more days of bearish movement would result in a Bearish Confirmation Pattern in the market, just as it is on Silver. Therefore, the most probable movement for May is bearish, as price goes towards the support levels at 1240.00, 1230.00 and 1220.00. These are the targets for May and June.

SILVER (XAGUSD)
Dominant Bias: Bearish
Silver is now a bear market, with a southwards movement far stronger and faster than that of Gold. Price swung upward and downwards wildly within April 3 to 17, and then dropped precipitously, losing over 18,000 pips within two weeks. Long trades are currently illogical in the face of ongoing selling pressures in the market. This month, the demand levels at 16.5000, 16.0000 and 15.5000 would be breached easily as price goes further southwards. Any rallies seen along the way should be ignored, and rather taken as good short-selling opportunities.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
This is a roaring bull market. After the volatile bearishness that was experienced in March, price went seriously upwards in April. From the low of March 25 till date, price has gained more than 50,000 pips, and this seems like just the beginning. The strong Bullish Confirmation in the market points to further northward rally, which would take price higher and higher within the next few months. True, there may be some volatile bearishness as was seen in March, but subsequent recovery would be quick as price trends further northward. The initial target is at the distribution territory at 1500.00.


Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 8:27am On May 04, 2017
Technical Forecasts for CFDs (May 2017)

AUS200
Dominant bias: Bullish
This market is bullish as well as volatile. Price swung wildly upwards and downward in April, and it has started pulling back again this week (all in the context of a bullish bias). This month, the volatility would continue as price continues its wild upswings and downswing, while the general movement would be bullish. From the low of April (5912.92), price is expected to gain at least, 5,000 points this month, breaking one resistance line after another. However, this is going to be a pyrrhic victory because bearish forces would constantly cause transient pullbacks, which would be large in some cases.

SPX500
Dominant bias: Bullish
SPX500 has been able maintain its bullish trend so far. In April, price dropped roughly 650 points, reaching a low of 2299.7 on April 12. The market has gained about 930 points since then, emphasizing its bullishness. It is possible for new highs to be made this month, though there could also be temporary bearish corrections along the way. The bearish corrections are not expected to take price below the support level at 2299.0, which is a formidable support level indeed. In the next several months, the market would probably enter into an extended equilibrium phase, which would be in the context of an uptrend.

US30
Dominant bias: Bullish
US30 experienced three flash crashes on April 6, 10, and 13. It is interesting to note that the three flash crashes were all contained at the accumulation territory of 19277 (The only two major pullbacks that occurred on SPX500 on April 12 and 13 were each contained at the same support level of 2299.7). So, the accumulation territory at 19270 has become serious barrier to any future bearish trends. From the low of 19277, US30 has gained 1700 points. The market is supposed to go further north this month, reaching an initial target at the distribution territory of 21065, which was the high of April.

GER30
Dominant bias: Bullish
This market has been in a persistent bullish trend since the middle of 2016, and price has gained roughly 9,800 points this year alone. In April, price went south from the beginning of that month till April 18, after which it started journeying upwards again, gapping up massively on April 24, and sprinting further north. There are huge Bullish Confirmation Patterns in the 4-hour and daily charts, which predict further gains this month. Price is already at the highest that has been seen this year, and it may go towards the supply levels at 12550.0, 12600.0 and 12650.0.

FRA40
Dominant bias: Bullish
FRA40 moved sideways within April 4 – 12; and went visibly bearish from April 13 to 18, after which it began to trend upwards. There was a gap-up on April 23, which has never been filled, because price went further upwards, closing at 5264.0 at the end of April. This month, price has gone beyond the closing price of April. As there is a clear bullish outlook on the market, it may gain a minimum of 1000 points this month (amid stealth attacks from bears). Price could enter a prolonged sideways movement within the next few months, but the bullish outlook on it would remain intact.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 3:10am On May 21, 2017
Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at 1.1250, 1.1300 and 1.1350 may be tested this week. This however, does not rule out possibilities of pullbacks in the market, because EUR would rise against some currencies while falling against others.

USDCHF
Dominant bias: Bearish
USDCHF plummeted last week, losing 280 pips and closing below the resistance level at 0.9750. Price has fallen by 340 pips since May 12, and further fall is expected this week. The support levels at 0.9700, 0.9650 and 0.9600, may be tested this week, owing to the Bearish Confirmation Pattern in the market. USDCHF would continue to trend southwards as long as EURUSD journeys northwards.

GBPUSD
Dominant bias: Bullish
GBPUSD was able to maintain its bullishness last week. The market closed above the accumulation territory at 1.3000 on Friday, going towards the distribution territory at 1.3050 (which may be tested or even breached to the upside). On the other hand, there is also a possibility of a deep bearish correction this week, because bearish movements may occur on certain GBP pairs, and the ripple effect may affect GBPUSD.

USDJPY
Dominant bias: Bearish
The market went bearish last week, thus invalidating the bullish signal that was formed earlier this month, and creating a new short-term bearish signal. Price has dropped roughly 290 pips last week, slashed the demand level at 110.50, and closed above the demand level at 111.00. The demand levels at 110.00 and 109.50 may try to reject any meaningful bearish movement, for the outlook on JPY pairs is bullish for this week. Some form of reversal may be witnessed in the market.


EURJPY
Dominant bias: Bullish
This cross pair is still bullish, while being volatile in the long-term. Price has formed a zigzag pattern in the market: It went up on Monday and Tuesday, came down on Wednesday and Thursday, and then went upwards again on Friday. The present “buy” signal can push price towards the supply zones at 125.50, 126.00 and 127.50. These targets might even be exceeded, especially given the expected bullish movements on JPY pairs.

This forecast is concluded with the quote below:

“New and creative trading ideas are important for a trader to be able to stay ahead of the crowd, so doing whatever you can to prepare your mind to consider new ideas will help to develop creative trading strategies that are essential to profitable trading.” – Joes Ross


Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 5:15am On May 28, 2017
Weekly Trading Forecasts for Major Pairs (May 29 – June 2, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair consolidated last week, moving between the resistance line at 1.1250 and the support line at 1.1150. The resistance line at 1.1250 was tested several times, but it could not be broken to the upside, owing to the ongoing consolidation. A breakout is anticipated before the end of the week, which would most probably favor bulls as the resistance line at 1.1250 is broken to the upside, but the outlook on the market is bearish for June 2017. It should be noted that certain EUR pairs may not go bearish in June.

USDCHF
Dominant bias: Bearish
This pair went sideways last week, in the context of a downtrend. Price oscillated between the support level at 0.9700 and the resistance level at 0.9800. The support level at 0.9700 was tested several times and it could not be breached to the downside – and that is exactly what would happen this week – a breakout to the downside. This week, the Greenback would be weak while the Swissie would be strong: Hence further bearish movement in the market as the support level at 0.9700 is broken to the downside. This trend would reverse when EURUSD plummets in June.

GBPUSD
Dominant bias: Bullish
GBPUSD is bullish in the long-term, but bearish in the short-term. The market was caught in an equilibrium phase from Monday to Wednesday, and then went southward on Thursday and Friday, dropping 200 pips from the distribution territory at 1.3000 to the accumulation territory at 1.2800 (a well-anticipated occurrence). The outlook on GBP pairs is bearish for this week and for the month of June. Markets would generally be quiet in June, but GBP pairs would trend seriously, going bearish in most cases.

USDJPY
Dominant bias: Neutral
The market is neutral in the long-term, but bearish in the short-term. There was no significant movement last week, but things could become significant before the end of this week. The demand level at 111.00 was tested many times last week, and without success. The most probable movement is southwards, as the demand levels at 111.00, 110.50 and 110.00 are breached to the downside.

EURJPY
Dominant bias: Bullish
There was no significant movement on EURJPY last week, save price went slightly bearish on Friday, in the context of an uptrend. The markets would generally be quiet in June 2017, while JPY pairs trend seriously nonetheless (just like GBP pairs). The outlook on JPY pairs is bearish for June; plus the most probable direction is southwards. EUR/JPY would go downwards by at least, 300 pips within the next two weeks, and that would lead to the end of the current bullish bias.

This forecast is concluded with the quote below:

“My personal definition of successful money management is to limit losses while at the same time providing you with an adequate opportunity to realize a profit from the trade.” – Andy Jordan

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 4:41pm On Jun 02, 2017

Technical Reviews for Gold, Silver and Bitcoin (June 2017)


GOLD (XAUUSD)
Dominant Bias: Bullish
Gold began the current bullish movement on May 9, 2017 forming a bullish bias on the market. Price is currently above the support level at 1270.00, going towards the resistance level at 1280.00. Before May 9, 2017, there was a severe selling pressure in the market, but that May loss has now been fully recovered. In June, the outlook on Gold is bullish, for price is expected to go higher and higher. The initial target is located at the resistance level of 1295.22, which was the high of April. There is a possibility that the initial target would even be exceeded.

SILVER (XAGUSD)
Dominant Bias: Bearish
Silver is also bullish, now above the demand level at 17.2000. The market went bearish from April 17 to May 9, 2017. However, further bearish movement was rejected at 16.0613, as a serious bullish movement began, which has held up until now. There is a Bullish Confirmation Pattern in the market, which signals more northwards journey. Price is supposed to gain a minimum of 10,000 pips this month, but the ultimately target that is unlikely to be exceeded is the high of April – 18.6493. The bullish expectation does not rule out probabilities of temporary pullbacks.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
This market, which is becoming more and more popular, has recently experienced maniacal volatility. Both the long-term and the short-term biases are bullish. Price has been going upwards from the beginning of this year, topping at 2797.27 on May 25. That was followed by volatile bearishness which lasted till the end of May. Bitcoin is now less volatile when compared to the last several days of May; plus price has been moving up gradually. The market is expected to go upwards in June, recovering the loss it suffered in May. The aforementioned high (top) of May could be reached or exceeded.


Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:08am On Jun 03, 2017
Weekly Trading Forecasts for Major Pairs (June 5 - 9, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair consolidated in the first few days of last week, and then went slightly upwards. On Friday, price closed above the support line at 1.1250, targeting the resistance line at 1.1300. The outlook on EUR pairs, however, is bearish for this week, which means that EURUSD could experience a serious pullback before the end of the week. Before that happens, price would continue making some visible bullish effort.

USDCHF
Dominant bias: Bearish
USDCHF went bearish last week, losing at least, 110 pips. The market has lost 460 pips since May 11, and that has caused a Bearish Confirmation Pattern to form in the chart. On June 2, price closed below the resistance level at 0.9650, going towards the support level at 0.9600, which is the first target for the week. The second target is the support level at 0.9550. The market is expected to continue going further and further southward, until EURUSD would experience a clear pullback, something that would cause USDCHF to spring upwards.

GBPUSD
Dominant bias: Bullish
GBPUSD is bullish in the long-term, but neutral in the short-term. In the short-term, price simply fluctuated without taking a specific direction. The situation may change this week as price goes above the distribution territory at 1.3050 to continue the long-term bullish bias; or goes below the accumulation territory at 1.2700, to form a new bearish bias. Price must thus go above the aforementioned distribution territory (1.3050) or accumulation territory (1.2700) before a directional bias can occur.

USDJPY
Dominant bias: Bearish
There is a bearish signal on this currency trading instrument, and price may continue going downwards to test demand levels at 110.00, 109.50 and 109.00. Price went sideways last week, but became conspicuously bearish on Friday. Rally attempts may happen along the way, but they are expected to be transient (not being able to form a bullish bias on the market), because the general outlook on this trading instrument, as well as other JPY pairs, is bearish for June.

EURJPY
Dominant bias: Bullish
The EUR/JPY cross is bullish in the long-term, and neutral in the short-term. Price generally went upwards in May; though it is yet to do anything noteworthy this month. The demand zone at 123.50 was tested last week before price went upwards by 180 pips, going above the demand zone at 125.00 briefly and then closing below it on Friday. As long as EUR is strong in itself, this cross would maintain some form of bullishness; otherwise it would eventually tumble.

This forecast is concluded with the quote below:

“If you haven’t already experienced sideways market types for yourself, you will soon discover that they occur a lot more frequently and go for longer periods of time than most new traders realize. If you know how to trade in sideways conditions, you will find plenty of opportunity and you’ll also dramatically boost your chances for long term trading success.” – Dr. Van Tharp

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:45pm On Jun 06, 2017
Technical Forecasts for CFDs (June 2017)

AUS200
Dominant bias: Bearish
On this market, a bearish signal was generated last month, when the market lost over 23,000 points. This has resulted in a Bearish Confirmation Pattern, as this month was also opened on a strong bearish note. The market has lost more than 10,000 points this month, and this is just the beginning. In June, it is expected that AUS200 would lose at least, 20,000 points (10,000 points having been lost already). Thus, the support lines at 5630.00, 5600.00 and 5570.00 would be targeted and possibly be exceeded as the market goes further southwards.

SPX500
Dominant bias: Bullish
SPX500 consolidated from May 3 to 16, and then nosedived to test the support level at 2346.0. After that, price assumed a strong bullish movement as it rose over 800 points, ending May on a strong bullish note. SPX500 has done nothing significant this week, save roughly sideways movement – in the context of an uptrend. The current consolidation may continue for the next several trading days, but when momentum rises, it would most probably favor bulls as price goes further north. The bullish bias on the market is far from being over.

US30
Dominant bias: Bullish
US30 as usual, is normally correlated with SPX500. The movement in the market in May, plus what has happened so far this month, is quite similar to the movement on the SPX500. Price consolidated between May 2 to 16, and then pulled back to test the accumulation territory at 20496. More pullback was rejected as price rose by roughly 600 points, seeing the month of June start with a strong bullish propensity. Nonetheless, the market has not done anything significant after that, save the ongoing sideways movement in the context of an uptrend. There would soon be a breakout which would most probably favor bulls.

GER30
Dominant bias: Bullish
This is a bull market, but things are quite rough. The last 2 weeks of May were particularly choppy, with no directional movement. Should the current condition of the market continue for the next several trading days, the bias on the market would become neutral in the short-term (whereas the long-term bias would remain bullish, as long as the market does not lose 5000 points from here). In spite of the extant choppy condition, the outlook on GER30 remains bullish for the month of June. So, price would eventually go towards the initial supply levels at 12850.0, 12900.0 and 12950.0. The first two supply levels were previously tested.

FRA40
Dominant bias: Bullish
FRA40 was caught in an equilibrium phase in the last 2 weeks of May, while the bullish bias on the market remained intact. In June, a bearish signal has been generated in the short-term, while the long-term bias remains bullish (but threatened). The short-term bearish signal was caused by a 700-point bearish movement that occurred since the beginning of June. A movement towards the demand zone at 5090.0 would invalidate the dominant bullish bias, though that would require a heavy selling pressure in the market. A serious movement to the upside would override the short-term bearish signal in the market, and strengthen the dominant bullish bias.

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 10:47am On Jun 11, 2017
Weekly Trading Forecasts for Major Pairs (June 12 - 16, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
Although the bias on this pair is bullish, bulls are getting tired of pushing price upwards. Price consolidated last week, moving between the resistance line at 1.1200 and the resistance line at 1.1300, before it closed below the resistance line at 1.1200 on Friday. The outlook on EUR pairs is bearish this week, and that may cause the market to assume a bearish journey, as the support lines at 1.1150 and 1.1100 are targeted.

USDCHF
Dominant bias: Bearish
USD/CHF moved between the resistance level at 0.9700 and the support level at 0.9600 last week. On Friday, an attempt was made to go above the resistance level at 0.9700, but price was forced to close below it. In spite of a faint rally that was seen last week, the dominant bias on the market remains bearish. Further bearishness is expected this week, as USD would be weak against some currencies like CHF, NZD and AUD. The only factor that could cause a noteworthy bullish run in the market is a major pullback on the EURUSD.

GBPUSD
Dominant bias: Bearish
It was formerly forecast that the outlook on GBP pair is bearish for June. GBP pairs went through major pullbacks last week as EURGBP shot skywards. That event was what put an end to the short-term neutrality on GBPUSD, which has been moving sideways before the pullback that happed on June 9. That event has caused a Bearish Confirmation Pattern to form in the market as price lost more than 200 pips (the initial loss was about 300 pips but price bounced upwards). This week, the bearish outlook on the market remains valid as further bearish movement is anticipated.

USDJPY
Dominant bias: Bearish
This trading instrument went downwards on Monday and Tuesday; and then made effort to go upwards on Wednesday, Thursday and Friday. All this happened in the context of a downtrend, which is expected to continue this week, for the outlook on JPY pair is very bearish for the week. Thus, the demand levels at 109.50. 109.00, and 108.50 would be tested this week, as price goes southwards.

EURJPY
Dominant bias: Bearish
The EUR/JPY cross is bullish in the long-term (though the long term-bullishness is now being threatened), and bearish in the short-term. Price dropped 150 pips last week, to test the demand zone at 123.00, after which it moved sideways for the rest of the week. Things are currently volatile, but further bearish movement is anticipated (just like on other JPY pairs); and thus, the demand zones at 123.00, 122.50 and 122.00 could be breached.

This forecast is concluded with the quote below:

“If you have a strategy that works, stick to it.” – James Altucher

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 9:20am On Jun 18, 2017
Weekly Trading Forecasts for Major Pairs (June 19 - 23, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The market largely consolidated last week – in the context of an uptrend. A movement below the support line at 1.1100 could trigger a bearish signal, and that exactly is what is expected this week, for the outlook on EURUSD (and some EUR pairs) is bearish. The targets for the week are located at the support lines of 1.1050 and 1.1000. However, there would not be a real threat to the current bullish outlook until the support line at 1.1100 is breached to the downside.

USDCHF
Dominant bias: Bearish
Despite the little bullish effort that was made in the last few days of last week, the bias on USDCHF is essentially bearish. The bias would, nevertheless, turn bullish, once the resistance level at 0.9900 is breached to the upside. That is a huge possibility this week, because EURUSD is expected to trend south (thereby helping USDCHF upwards), and CHF is also expected to be somewhat weak, which would enable USD to rally versus it.

GBPUSD
Dominant bias: Neutral
This is a volatile market, which has put the recent bullish outlook in a precarious situation. A protracted directional movement is needed before a new bias can be determined in the short-term. There is a need for the accumulation territory at 1.2600 to the breached to the downside before the bias can turn bearish, and there is a need for the distribution territory at 1.2900 to be breached to the upside before the bias can turn bullish. Until one of these two things happen, the bias would remain neutral.

USDJPY
Dominant bias: Bearish
This trading instrument is trying to make some bullish effort in the context of a downtrend. Last week, price consolidated and then made a faint bullish effort on Thursday and Friday, as it closed above the demand level at 110.50 on Friday. The outlook on JPY pairs is again, bearish for this week, and as a result of this, any rallies perceived in the market should be disregarded, since they would turn out to be short-selling opportunities.

EURJPY
Dominant bias: Bullish
The bias on EURJPY remains bullish, although that may change at any time. Price closed above the demand zone at 124.00 and it may hit the supply zones at 124.50 and 125.00, before turning south. Any gains in the Yen would cause JPY pairs to tumble, and EURJPY is no exception. Nevertheless, there is a need for price to go below the demand zone at 121.00 before the bias can really turn bearish.

This forecast is concluded with the quote below:

“I’ve reached the point where I can now support myself with my trading profits.” – Dr Jack Loftis

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 3:14am On Jun 26, 2017
Weekly Trading Forecasts for Major Pairs (June 26 - 30, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
This market did nothing significant last week, save the movement between the resistance line at 1.1250 and the support line at 1.1100. The market has essentially become neutral, and that bias would hold out until the aforementioned resistance line is breached to the upside or the support line is breached to the downside. This is what is expected this week, for activity in the market would be greater than what was seen last week. Movement to the upside is more probable.

USDCHF
Dominant bias: Bearish
USD/CHF also did not do anything significant last week, tough the bearish bias still exists, most importantly in the long-term. Price tested the resistance level at 0.9750 and later closed below the resistance level at 0.9700 on Friday. Further bearish movement is anticipated this week, especially when EURUSD goes northward (which is a possibility). There are possible targets at the support lines of 0.9650, 0.9600 and 09550.

GBPUSD
Dominant bias: Bearish
The bearish signal that started on June 9 has lasted till now. Last week, price went downwards to test the accumulation territory at 1.2600, and later bounced upwards, to close above the accumulation territory at 1.2700. In spite of the upwards bounce, the outlook on GBPUSD remains bearish for this week (plus on certain other GBP pairs). Price could reach the accumulation territories of 1.2700, 1.2650 and 1.2600 - all of which were tested last week.

USDJPY
Dominant bias: Neutral
This currency trading instrument is currently in a neutral mode, owing to the tight consolidation that took place on it last week. A bullish signal was generated on June 15, but that was rendered ineffectual owing to the bull’s inability to push price protractedly northwards. In fact, the inability of the trading instrument to go more upwards may eventually result in a smooth bearish run before the end of this week, since the outlook on JPY pairs is bearish for the week.

EURJPY
Dominant bias: Bullish
This cross has been able to retain its bullishness so far, despite many odds against it. In most part of last week, price oscillated between the demand zone at 123.50 and the demand zone at 124.50 (formerly a supply zone). Since price was able to close above the demand zone at 124.50, an imminent bullish intent has been revealed. However, price may not move seriously upwards, because of the possibility of bearish movements, which can happen on JPY pairs.

This forecast is concluded with the quote below:

“Regular and honest self-assessment of your trading performance is crucial to your long-term success… It’s never comfortable to review a scenario and admit your mistakes, but doing so leads to massive personal growth as a trader — and in life too.” - Deron Wagner

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ItuExchange(m): 4:40am On Jul 02, 2017
Weekly Trading Forecasts for Major Pairs (July 3 - 7, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
Last week, a bullish breakout in this market put an end to the neutral bias on it, which was in place from June 12 to 23. Price gained more than 250 pips, almost reaching the resistance line at 1.1450, but closing above the support line at 1.1400. There is a huge Bullish Confirmation Pattern in the market, which means that further bullish movement is a possibility. Nevertheless, the outlook on EUR pairs is bearish for this week; just as it was previously announced that the movements on EUR pairs would be bullish last week. We might see a meaningful bearish run on EURUSD before the end of this week.

USDCHF
Dominant bias: Bearish
This pair dropped precipitously last week, almost testing the support level at 0.9550 before closing near the resistance level at 0.9600. The bias on the market is currently bearish, but that may change once EURUSD drops before the end of this week. There are support levels at 0.9550 and 0.9500, which may be tested. An upwards movement may enable price to test the resistance levels at 0.9600, 0.9650 and 0.9700.

GBPUSD
Dominant bias: Bullish
GBPUSD, which normally gets positively correlated with EURUSD, also went upwards by 310 pips last week, closing above the accumulation territory at 1.3000 on Friday. There is a possibility of further upwards movement, but the movement would be limited since the outlook on this market, and certain on GBP pairs, is bearish for this week. This means that there could be a serious bearish correction before the end of the week. As usual, there would be strong volatility on GBP pairs in July.

USDJPY
Dominant bias: Bullish
USDJPY moved slowly northward last week, testing the supply level at 112.50, but being unable to close above it. Since June 14, the market has gained about 340 pips while moving northwards slowing and gradually. The trend in the market is bullish, but that may soon be put to an end, for the outlook on the market is bearish for this week and for this month. JPY pairs are also expected to go bearish this week and in July.

EURJPY
Dominant bias: Bullish
Unlike USDJPY, which moved upwards gradually and slowly last week, EURJPY cross moved upwards rapidly and significantly. Price went upwards from the demand zone at 124.50, and tested the supply zone at 128.50 (a movement of about 400 pips). There is a significant Bullish Confirmation Pattern in the market, and short trades are currently not encouraged until there is a deep correction in the market, which would eventually happen, owing to a bearish outlook on JPY pairs for the month of July.

This forecast is concluded with the quote below:

“Independence has a slightly different meaning when it comes to the world of trading, but it is an important one. Trading gives us the independence from having to have a “9-5” job. It gives us the freedom to work from just about anywhere in the world (thanks, in part, to technology). We can choose what we want to trade, how much we want to trade and even take breaks whenever we want. It’s one of the best “jobs” you can have.” – TradingEducators

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 11:15pm On Jul 08, 2017
Weekly Trading Forecasts for Major Pairs (July 10 - 14, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The market was engaged in a bearish correction from Monday through Wednesday and then rallied on Thursday, to close on a bullish note on Friday. This has put some emphasis on the bullish bias on the market, which means that occasional corrections would often lead to further rallies. The outlook on EURUSD is bullish for this week (and so it is for other EUR pairs). The initial targets are located at the resistance lines at 1.1450, 1.1500 and 1.1550.

USDCHF
Dominant bias: Bearish
The USD/CHF made some bullish attempt in the first few days of last week, breaching the resistance level at 0.9650, but not being able to stay above it. The bullish attempt was not significant enough to pose any threat to the extant bearish bias, for price nosedived again on Thursday, owing to the new lease of stamina in EURUSD. The outlook on USD is bearish for this week, and as such further downwards movement towards the support levels at 0.9600 and 0.9550 is anticipated.

GBPUSD
Dominant bias: Bullish
Basically, GBPUSD is bullish in the longer-term and bearish in the shorter-term. Price moved down by 110 pips last week, in the context of an uptrend, closing below the distribution territory at 1.2900. This week, the outlook on GBP pairs is strongly bullish, and as such, there is an expectation of a strong bullish movement to the upside, which would assert the presence of bulls. The initial targets are the distribution territories at 1.2900, 1.2950 and 1.3000 which have been previously attained. Price might even go beyond those targets.

USDJPY
Dominant bias: Bullish
Since June 14, this pair has gained about 510 pips, moving in a perpetual bullish mode. Price is now very close to the supply level at 114.00; plus the possibility of breaching it to the upside is very high, owing to the clean Bullish Confirmation Pattern present in the market. Once the supply level is breached, the next targets would be the supply levels at 114.50, 115.00 and 115.50. However, the overall outlook for this month is bearish, and that may materialize anytime.

EURJPY
Dominant bias: Bullish
The market moved sideways in the first few days of last week, before trending further northwards. Since June 15, this cross has gained about 740 pips, closing very close to the supply zone at 130.00 on Friday. The supply zone would be easily breached to the upside as price goes further towards other supply zones at 130.50, 131.00 and 131.50. There could, nonetheless, be some bearish reversals this month, but that may not happen as long as EUR is strong.

This forecast is concluded with the quote below:

"There is time to go long, time to go short, and time to go fishing. A good signal jumps at you from the chart and grabs you by the face – you can’t miss it.” – Jesse Livermore

Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 8:46am On Jul 16, 2017
Weekly Trading Forecasts for Major Pairs (July 17 - 21, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair has been going upwards since June 27, and the bullishness has been maintained. Price also went upwards last week, though in a zigzag manner, closing above the support line at 1.1450 on Friday, and trying to go for the resistance line at 1.1500 (the initial target for this week). Other targets are located at the resistance lines at 1.1550 and 1.1600, which would require a strong buying pressure to reach.

USDCHF
Dominant bias: Bearish
The market is bearish in the long-term and neutral in the short-term. While the overall bias is bearish, price has not really assumed any protracted movement in the last two weeks. For the short-term neutrality to end, price needs to move above the resistance level at 0.9750, which would threaten the ongoing bearish outlook; or price would need to move below the support line at 0.9550, which would help emphasize the bearish outlook. As long as price does not move above the aforementioned resistance level or below that support level, the neutrality in the market would persist.

GBPUSD
Dominant bias: Bullish
GBPUSD moved upwards last week, gaining about 240 pips. The movement in the first few days of the week was flat, prior to the strong bullish movement that was witnessed on July 14. The market is intent on going further upwards, having tested the distribution territory at 1.3100. The distribution territory would be breached to the upside, for price would move further upwards by at least, 200 pips this week. The outlook on certain other GBP pairs is also bullish for this week.

USDJPY
Dominant bias: Bullish
Although it is currently being threatened, the bias on this trading instrument is still bullish. The movement last week was essentially bearish, and as soon as price goes below the demand level at 111.50, things would go completely bearish (a Bearish Confirmation Pattern in the market). Only a strong rally from here can remove the threat on the current bullish bias. It should be borne in mind that the outlook on JPY pairs is bearish for July.

EURJPY
Dominant bias: Bullish
The movement on EURJPY cross was bearish last week – in the context of an uptrend. Price first attempted to go upwards, but the attempt was halted as soon as the supply zone at 130.50 was reached. From that point, price got corrected by 180 pips, but it could not go below the demand zone at 128.50. For the bias to turn bearish, price would need to cut the demand zone at 128.50, while going further downwards. This is the expectation for this week, which could, however, be scuttled by incessant bouts of energy in Euro.

This forecast is concluded with the quote below:

“I believe a winning trading strategy should be easy to learn and apply in the real world.” - Jack Loftis



Source: www.tallinex.com
Re: An Expert's Journal Of Weekly Trades by ituglobal(m): 1:49am On Jul 23, 2017
Weekly Trading Forecasts for Major Pairs (July 24 - 28, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
On EURUSD, bull was the clear winner last week. Price went upwards by 210 pips, breaking the multi-month high at 1.1600 and closing above the support line at 1.1650. Since June 27, price has gained 470 pips, and there is still more room for upwards movement, for price could reach the resistance lines at 1.1700, 1.1750 and 1.1800 this week. Nevertheless, it should be noted that, the more the market goes upwards, the more the chances of a reversal (which could happen before the end of the month).

USDCHF
Dominant bias: Bearish
This pair went down about 200 pips last week, making bear the clear winner. Since May 12, the market has gone down by more than 600 pips, leading to a huge Bearish Confirmation Pattern in the market. On Friday, price went briefly below the support level at 0.9450, and later closed above it. This week, further downwards movement is expected and the support levels at 0.9450, 0.9400, and 0.9350 could be tried. In case USD gains a considerable amount of stamina, there would be an upwards bounce in the market.

GBPUSD
Dominant bias: Neutral
Cable is bullish in the long-term, but neutral in the short-term. Price tested the distribution territory at 1.3100, and then began to be corrected downwards last week, reaching the accumulation territory at 1.2950. A movement above the distribution territory at 1.1300 would help restore the bullish confident; while a movement below the accumulation territory at 1.2800 would result in a bearish bias. A movement between the distribution territory at 1.3050 and the accumulation territory at 1.2900 would keep the short-term neutrality in the market.

USDJPY
Dominant bias: Bearish
There is a bearish signal on USDJPY. Price went southwards by 140 pips last week (having gown downwards by 330 pips since July 11). On Friday, the demand level at 111.00 was tested – it would be breached to the downside this week. Other bearish targets are located at the demand levels of 110.50, 110.00 and 109.50. There is a strong bearish outlook on JPY pairs this week, and therefore, long trades are not recommended on USDJPY.

EURJPY
Dominant bias: Bullish
The bias on this cross is bullish, though price only consolidated last week. Further consolidation can result in a short-term neutrality. One reason why the bullish bias has held out so far is the stamina in EUR itself. This week, there are possibilities that the supply zones at 130.50 and 131.00 can be tested this week. On the other hand, there could be a strong pullback before the end of the week (or the month), owing to a bearish outlook on JPY pairs for the rest of the month.

This forecast is concluded with the quote below:

“Trading is a great business for those who master it, and those who master it are traders who have mastered themselves.”
– Joe Ross


Source: www.tallinex.com

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