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Azeez Mustapha

Daily analysis of major pairs for August 31, 2015

30 Aug 2015 @ 23:20
EUR/USD: The last two weeks were characterized by the strongest movement on the EUR/USD in this year. From the support line at 1.1050, the price skyrocketed and peaked at the resistance line of 1.1700 (within a few days). From that peak, the price has been corrected by over 520 pips. This correction has been serious enough to result in a bearish signal in the market, which means that the...

Weekly Trading Forecasts on Major Pairs (August 31 – September 4, 2015)

29 Aug 2015 @ 23:29
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. Immediately the resistance line was tested, price began to retrace steadily and gradually. From the weekly high of 1.1700, price has gone...

Michael Platt: One of the Most Effective Risk Managers

28 Aug 2015 @ 10:28
INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 12 “I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael Platt Date of Birth: December 12, 1968 Nationality: British Occupation: Hedge fund titan Career Born in Preston, England...

Is Now the Time to Take Profits on Aldermore?

27 Aug 2015 @ 10:50
Aldermore stock (LSE:ALD) has been consolidating for some time – in a context of an uptrend. Is it now the time to take your profits, for a fear of a bearish breakout? No. The price has now gapped upward, ready to go bullish. The consolidation is still in place. The ADX period 14; and of course the DM+ and the DM- are all intertwined. While the MACD default parameters does not also show...

Further Losses Expected on Rio Tinto

27 Aug 2015 @ 10:30
Rio Tinto shares (LSE:RIO) are extremely weak right now, and the weakness is expected to continue. This is a wonderful opportunity for sellers, who can make more money by continuing to sell the shares. Every week proffers attractive trading opportunities; and you can take them. In the chart, it can be seen that the price is below the EMA 20 and the Williams’ % Range period 20 has gone towards...

Daily analysis of major pairs for August 24, 2015

23 Aug 2015 @ 23:24
The USD/JPY ended its equilibrium phase of several weeks as it plunged massively last week. Several previously demand levels are now supply levels, and the price is close to the demand level at 121.50, which could be breached easily in case the current selling pressure continues. This is a long awaited bearish signal – it may continue to hold this week. EUR/USD: This currency trading...

Weekly Trading Forecasts on Major Pairs (August 24 - 28, 2015)

23 Aug 2015 @ 00:08
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the support line at 1.1050, this pair went upward by 330 pips, going above the support line at 1.1350. EUR is now one of the strongest among the majors (and so is CHF) and this has reflected on most EUR pairs. The next targets for EURUSD are now at the resistance lines of 1.1400 and 1.1450, which could be breached...

What Every Trader Must Know About Drawdowns

21 Aug 2015 @ 07:32
“However, it is pleasant to win over the long term. Contrary to popular opinion, losses are part of winning. Take sports for example.” – Markham Gross A drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough. A drawdown is measured from the time a retrenchment...

Gold and Silver May Continue to Rally Massively

20 Aug 2015 @ 11:40
Gold Gold experienced a smooth downwards movement in July 2015. In August, price consolidated for about two weeks before breaking northwards last week. Price consolidated again before the end of last week and in the beginning of this week before breaking northwards again. This week is particularly interesting because Gold was thought of rallying, which is now happening. It is possible that the...

A Longer Term BUY Signal Emerges on EasyJet

20 Aug 2015 @ 00:33
Easyjet stock (LSE:EZJ) has a clean ‘buy’ signal on it, based on the current price action in the chart. In this month of August, effort was initially made to push the price upwards but this was stalled by the last bearish correction. However, the price is now gliding upwards smoothly. This is an interesting development. 4 EMAs are used for the analysis; and they are EMAs 10, 20, 50, and 200...
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