Azeez Mustapha

Exxon Mobil shares (NYSE:XOM) are in a clear downtrend, having been pummeled recently. From September 2017, towards the end of January 2018 the market was bullish. After then, price dropped like a stone, ending the bullish bias and creating a bearish bias. 4 EMAs are used for this analysis and they are EMAs 10, 20, […]

Daily analysis of USD/CHF for February 26, 2018 USD/CHF This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday, and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term. Since testing the resistance line at 1.2550 on February 16, price has gone south by more than 250 pips (now barely below the resistance line at 1.2300). This week, the outlook on EUR pairs is bullish. While […]

HSBA stock (LSE:HSBC) is not currently looking sexy because the market is rough. Although the market was bearish last month, the month of February 2018 has been rough so far. The ADX period 14 is at the level 30 (high momentum), while the-DM is above the +DM (sell signal). However, the MACD default parameters, has […]

Microsoft shares (NASDAQ:MSFT) are currently bullish, and the bullishness has just been renewed after the recent pullback in the market, which occurred in the first several trading days of February 2018. The market has been going upwards in the last several month, and the dip that occurred this month was just an opportunity to enter […]

The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, this pair rose from the support line at 1.2250 and tested the resistance line at 1.2550 (a movement of 300 pips). After the resistance line at 1.2550 had been tested, price got corrected by 140 pips, closing below the resistance line at […]

Barclays shares (LSE:BARC) is currently in a downtrend. The market went upwards from November 2017 to January 2018. It has now started moving south. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is at the top left part of the […]

Apple stock (NASDAQ:AAPL) is currently in a bearish trend as price has dropped steeply in January and February. Since price went below the lower Trendline, the RSI period 14 has also gone below the level 50. This signifies weakness in the market. There may be upwards bounces, but they should be ignored because the dominant […]

The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines […]