Azeez Mustapha

Last week the EUR/JPY rallied in the context of a downtrend, moving from the demand zone at 131.50 to test the supply zone at 133.00 and then coming downwards on Friday. Price closed at 132.40 (below the supply zone at 132.50). Owing to a bearish outlook on EUR pairs this week, the market is supposed […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market went sideways from Monday to Wednesday and moved further south on Friday (in the context of a downtrend). The bearish movement would continue this week, owing to a bearish outlook on EUR pairs for the week. Thus, price would test the support […]

Versarien stock (LSE:VRS) has reached at multi-month high at 22.00, and it will go higher from here, owing to the present price action. The last time price reached this supply level was June 2017, after which the market journeyed downwards slowly and gradually, reaching a low of 13.00. In October, further bearish run was rejected […]

Kodal Minerals shares (LSE:KOD) are a rough and choppy market, which has been going downwards gradually until recently. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. The EMAs 10, 20 […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a choppy market, though movement has generally been bearish. Last month, price went upward to test the resistance level at 1305.78, before dropping thousands of pips. Any rallies that are seen on Gold would be in the context of a downtrend, and as such, would not invalidate the […]

The USD/CHF went upwards last week, gaining about 180 pips. Price went briefly above the strong resistance level at 1.0000 (as USD and CHF gained a momentary parity). The parity would be achieved again this week as the market goes towards the resistance levels at 1.0000, 1.0050 and 1.0100. However, the parity would be transient […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market consolidated from Monday to Wednesday and then dropped sharply on Thursday and Friday. There is a Bearish Confirmation Pattern in the market, which makes further drop a possibility. Since the outlook on EUR pairs remains bearish for this week (just as it […]

Alba Minerals stock (LSE:ALAB) is expected to break forth, to the upside, following a recent protracted consolidation in the market. The ADX period 14 is slightly above the level 20, showing a lack of momentum (though momentum is expected to rise anytime soon). The DM+ is above the DM-, showing that price is expected to […]

Immupharma shares (LSE:IMM) have pulled back in the context of an uptrend, and that is supposed to be a temporary sale, giving traders and investors a good opportunity to buy long at better prices Price has been trending upwards since September 2017, and it moved briefly above the distribution territory at 100.00, and then pulled […]

The USD/JPY started making bullish efforts at the beginning of last week, and the efforts were successful. Price gained 170 pips, testing the supply level at 113.50 on Friday. The outlook on the market is bullish for this week, owing to the expected stamina in USD and expected weakness in JPY. Thus, the supply levels […]