Azeez Mustapha's Trading Analysis

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 […]

Twitter shares (NYSE:TWTR) is a bull market. For the past several months, price was going upwards in a slow and steady manner, prior to the current gap-up in the market, which has resulted in a strong bullish outlook. The gap-up has triggered a bullish bias, which ought to continue in spite of the current pullback […]

The USD/JPY is bearish in the long-term, but bullish in the short-term. Since the demand level at 108.50 was tested last week, price has rallied by 180 pips, closing above the demand level at 110.00 on Friday. The outlook on JPY pairs is bullish for this week, and thus, the USD/JPY is expected to rally […]

Tesla Inc. stock (NASDAQ:TSLA) is currently bullish, though the recent market condition is quite choppy. Price is supposed to go upwards, which see. 4 EMAs are used for this strategy 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 […]

Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish […]

Ebay stock (LSE) is in an uptrend, with a Bullish Confirmation Pattern in the market. There is still much room for the market to go northwards as we shall see. Apart from the downwards movement that was seen in October and November 2017, the trend in the market has generally been bullish. Price is above […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated throughout last week, moving between the resistance line at 1.2300 and the support line at 1.2150. The resistance line at 1.2300 was tested unsuccessfully, and it is unlikely that price would stay above it, even if it tested again. There is […]

IBM stock (NYSE:IBM) is currently in an uptrend. The recent bearish correction would turn out to be an opportunity to buy long at better prices. In January 2018, price jumped above the upper Trendline, going further upwards. However, price suddenly experienced a shallow bearish correction, which would enable bulls to enter the market at better […]

FTSE 100 shares (FTSE:UKX) have been moving northwards strongly in the past two months. There is a Bullish Confirmation Pattern in the daily chart, and so, the pullback we are currently experiencing would be a temporary thing. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color […]