Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

DAX Performs Positively as Market Risk Mood Soars

Germany stocks traded higher on Thursday, as Transportation and Logistics, Industrials, and Media sectors saw significant gains. At the close of the market yesterday (Frankfurt time), the DE30EUR (DAX) grew by about 0.4%, while the MDAX and TecDAX rallied by 0.87% and 0.08%, respectively. The best performers under the DAX were Volkswagen (DE: VOW3), which […]

51 ms

Shanghai SE Composite Index (SHCOMP) Is in an Overbought Region, Faces Rejection at Level 3600

Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The index rallied to level 3600 and pulled back. SHCOMP has fallen and it is resuming upward, retesting the resistance level. A break above the resistance will mean an upward movement […]

1 h

USD/JPY Makes a Brief Upward Move, May Reverse at Level 104.85

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Yen will […]

3 hs

EURO Selloff Continues, Likely To End the Week in a Bearish Zone

Forex markets tend to stay in a tight range in today’s session. The dollar rallied moderately, even as Fed Chairman Jerome Powell opposed the cancellation of the stimulus. The yen is also strengthening, while commodity currencies are slightly lower. At the end of the week, the pound sterling remains the strongest, followed by the Canadian. […]

4 hs

USDCHF Upside Traction Awaits Break of 0.8920 Barrier as US Dollar Stays on the Back Foot

USDCHF Price Analysis – January 15 The USDCHF pair is on the path to probe the 0.8918 December highs. The upside traction awaits a break of 0.8920 barriers and above would open the path towards the mid 0.9000 level. Recent fundamentals of President-elect Biden’s fiscal plan underlines the negative backdrop for USD that lies ahead. […]

5 hs

Nasdaq 100 Prices Could Plunge as Biden’s Presidency Threatens Increased Stimulus and Taxes

The recent announcement that President-elect Joe Biden is considering a $1.9 trillion stimulus package has swept the momentum out of the tech-heavy Nasdaq 100 (NDX), at least in the near-term. The index has fallen by about 2% from its recent all-time high at 13110 on January 8, as the possibility of additional stimulus measures sends […]

6 hs

Bitcoin Scarcity: eToro Warns Users Over Impending Disruptions In Cryptocurrency Trading

eToro, on the largest trading platform, recently notified its users that there could be disruptions in their cryptocurrency trading services due to extreme demand. The exchange went on to explain that it was experiencing “unprecedented conditions on crypto markets,” as Bitcoin (BTC) prices and the cryptocurrency market cap are close to their highest levels in […]

20 hs