Azeez Mustapha

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The bias is neutral in the long-term term, and bearish in the short-term. Price went southwards last week, losing up to 130 pips, after testing the resistance line at 1.2400. The support line at 1.2250 was almost tested, but price closed close to the […]

Frontera Resources Corporation shares (LSE:FRR) have been an unattractive market for several months. Price has been consolidating since November 2017, and that seems to just be the beginning. The ADX period 14 is at the level 20, showing that the momentum in the market is low. The DM+ is not clearly above the DM-, which […]

A “buy” signal has long appeared on Premier oil stock (LSE:PMO). The market rallied between November 2017 and January 2018, and then came down between January and April 2018. This month, price has assumed a strong bullish journey. The market has gone above the EMA 21, and the Williams’ % Range period 20 is clearly […]

BTCUSD Medium-term Trend: Bullish   Resistance: $9,500, $9,000, $8,500 Support: $6,500, $7,000, $7,500   Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that if price of Bitcoin continues with fall in price, it […]

Daily analysis of USD/CHF for April 16, 2018 USD/CHF There is some form of bullishness on the USD/CHF. Since the support level at 0.9200 was breached on February 16, price has moved upwards by 440 pips, closing above the support level at 0.9600 on Friday. This week is supposed to be bullish, because USD will […]

ETHUSD Long-term Trend – Bearish Distribution territories: $600.00, $700.00, $800.00. Accumulation territories: $400.00, $300.00, $200.00.   Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significantly lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral Irrespective of the bullish attempt that was witnessed last week, the outlook on EURUSD remains neutral. The neutrality has been ongoing for over 2 months, and the bullish attempt that happened last week pales into insignificance when compared to the overall outlook on the […]

Gulf Keystone stock (LSE:GKP) is now in an uptrend. The market has been going upwards for the past several months. For example, the market rose in November 2017, dipped and rose and dipped and rose again. Such is the behavior of this market. After consolidating in February and March 2018, price has moved above the […]

UK Oil & Gas shares (LSE:UKOG) are in a bearish trend. Price is currently under a Death Cross and will move further south. The market has been tending downwards within the past several months. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for […]

ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]