BullBearMkt

BullBearMkt

The uptrend going on with GBPUSD likely to witness loss of momentum for some few days until a clear path is determined for the weekly. Last week candlestick ended with indecision and the week's high or low will be tested next week in order for market to know a possible direction. As the bias is towards long trade, a re-test of last week low is more likely for...

BullBearMkt

Since June ending, the blue trendline has been sustaining the dollar index rally - dollar index has been moving above it. In a couple of days, if the rally could not break above 99.14, then a breakdown of the dollar index is imminent. If it struggles to close above 99.14, the possibility of re-testing the trendline before eventually dipping is most likely to happen.

BullBearMkt

With the pullback of the pair on the daily time frame, attention should be paid to support zone below Fib 61.8% level for possible reversal...

BullBearMkt

With the drones attack on Saudi Arabia's oil processing facilities, the tide is changing for the price of oil. Currently sitting on a daily support, UKOIL most likely to gap-up at market open to commence a new uptrend.

BullBearMkt

With the breakout of GBPCAD last Friday, the way is now smooth for the pair to attempt touching the long-term trendline which is likely to come around 1.74

BullBearMkt

EURUSD rejected all attempt to bring it lower below 1.09260 and it's now poised for a rally above 1.12000

BullBearMkt

The pair recently broken an intermediate trendline. After a pullback, the impulse is expected to continue possibly above 80

BullBearMkt

With the pair breaking swing highs, what is left on the daily chart is profit taking to commence the next stage of the wave pattern

BullBearMkt Updated 

Fiber impressive bullish run could be curtailed with the H4 trendline. It seems lot of bears are in waiting to eat-up the ragging bulls. If the bulls are more ferocious, then, the impact of the bears might be minimal...

BullBearMkt Updated 

When a pair made a Lower-high along with breaking a Swing Low creating a lower-low, then a selling signal is beckoning... lol!

BullBearMkt

GBPUSD last week created a new swing high on H4 before the little pullback before the close of New York. This week, I see more uptrend in the cable after a pullback to a support level. If the pair moves down to touch the bullish order candlestick, that will definitely be a BUY PLAN YOUR TRADES AND TRADE YOUR PLANS

BullBearMkt

With newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...

BullBearMkt

FBNH has been operating within the confine of a channel since 2018, now the stock price is attempting another touch of the lower channel. Will the lower channel reject the price at this level or the elephant will be too strong for the lower channel to carry its weight? Coincidentally, lower channel is also at a support zone between 3.77 & 3.57. Price rejection at...

BullBearMkt

EUR is weakening while CAD is strengthening. Combining the 2 currencies, if EURCAD is for a short trade, will that be appealing or appalling to you? PLAN YOU TRADES AND TRADE YOUR PLANS

BullBearMkt

Canadian Dollars recent rally has been impressive, despite the pullback, the currency could likely continue its uptrend next week - thanks to last Friday's impressive Employment Change report. A decent pullback of CADJPY pair to 80.498 & 80.050 is what is needed for the bull rally to continue the uptrend to next resistance level...

BullBearMkt

AUDUSD pairs poised to continue its "bullishness" next week with a target for reversal on the weekly trendline. However, if trendline is violated, then PT is a given...

BullBearMkt

Looking at gold daily chart, it's obvious the price is weakening but it is not yet time to start selling the precious metal. To short gold, price needs to violate swing low at 1480.34 (dotted arrows) a pullback will be a good time to short the market. As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break...

BullBearMkt

Dollar index has been making higher-highs but the last 2 days have witnessed bears dominating the index. Today's candlestick is yet to close, but it's probably likely to close with indecision -just on an intermediate support level. As every traders await Nonfarm Payroll report tomorrow, the question on my mind is - will the NFP drive dollar index down to re-test...