MaGedEssam

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Joined Bielefeld, Germany MagedEssam
Simplicity is the ultimate sophistication.
Markets Allocation
43 % stocks 29 % forex 29 % other
Top Mentioned Symbols
FX_IDC:XAUUSD 14% | 1 EGPT 14% | 1 HCP 14% | 1 FX:XAUUSD 14% | 1
MaGedEssam MaGedEssam NZDUSD, 240, Short ,
NZDUSD: A free fall is expected for NZDUSD
87 2 2
NZDUSD, 240 Short
A free fall is expected for NZDUSD

Closing today's US session below 0.7200 would put NZDUSD in a free fall towards 0.7000. Only a close above 0.723 would refute this scenario

MaGedEssam MaGedEssam XAUUSD, 1D, Short ,
XAUUSD: Gold may break support levels on strong USD
51 0 0
XAUUSD, 1D Short
Gold may break support levels on strong USD

Odds favor a violation for support level 1310 and a decline by $50, pushing down Gold to 1260 level. Stop loss is above 1330.

MaGedEssam MaGedEssam ALMADINA, 1D, Long ,
ALMADINA: A change in ALMADINA outlook
12 0 1
ALMADINA, 1D Long
A change in ALMADINA outlook

The stock is believed to be forming a bottom at current levels. Trading strategy would be buying at current market prices and wait for 0.45 level as first target, then breaking this level would give us the green light to target 0.55 then 0.60 on mid-term.

MaGedEssam MaGedEssam EURGBP, 240, Short ,
EURGBP: EURGBP.. Short
85 0 1
EURGBP, 240 Short
EURGBP.. Short

The violent thrust rebound from 0.7900 to test the broken trendline suggests that it was just a retracement and the downward move is not over yet. A confirmation for that scenario is the out of proportion move in RSI. The retracement rally pushed the RSI to its previous top.

MaGedEssam MaGedEssam XAUUSD, W,
XAUUSD: Gold.. Bullish or Bearish?
241 0 1
XAUUSD, W
Gold.. Bullish or Bearish?

Support level 1240.00 is the key answer for this question. The price structure forms a triangle that can be both continuation and reversal pattern, depending on the which side it will breakout form. However, the price action within the triangle itself may indicate the direction of the breakout. Bullish, if it managed to rebound off support level 1240.00 and ...

MaGedEssam MaGedEssam HCP, W, Long ,
HCP: HCP Testing its neckline
47 0 0
HCP, W Long
HCP Testing its neckline

HCP is forming a clear Head-and-Shoulders pattern. It is still not completed as the stock is testing the neckline at 43.00, but odds favor breaking that line to successfully complete that pattern and target 50.00. What gives more weight to this scenario is RSI structure. RSI moved in the blue rectangle during the pattern formation and it managed to break it in ...

MaGedEssam MaGedEssam EGPT, W, Long ,
EGPT: Egypt Index ETF recovers to challenge its all time high.
102 0 2
EGPT, W Long
Egypt Index ETF recovers to challenge its all time high.

Egypt Index ETF Market Vectors (EGPT) weekly chart suggests a very bullish scenario for the market. Let's take a walk along its history first to draw a vivid picture of its future. The index declined sharply after its inception due to political turmoil in Egypt, moving from approximately 90.00 to 37.00. Then a rebound to 64.00 followed by another decline to ...

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