Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
Chinese media house, CCTV, announced on the 22nd of December that the Chinese authorities have confiscated about 7,000 cryptocurrency mining machines, which were reported to be illicitly expending power in the country. The arrogation of the machines was a product of a routine inspection of properties in the area. In total, 70,000 homes, 3,060 vendors, […]
EURUSD Price Analysis – December 23 The EURUSD pair rose in the US session and showed a new daily high at 1.1095, remaining below the level of 1.1100. It stays near the top on a quiet day ahead, while price movement is expected to remain low ahead of short holidays. Key Levels Resistance Levels: 1.1280, […]
Popular Chinese Blockchain firm, Nuls, tweeted from its official Twitter handle on the 22nd of December that it had been hacked and had lost about $480,000 (in NULS coins). The firm explained in the tweet that it noticed that 2 million coins had been stolen from its storage and about 549,000 of those coins (valued […]
The dollar held relentless toward the beginning of the week on Monday after data from the US demonstrated consistent economic development, while the British pound recorded some loss after it endured its greatest weekly plunge in recent years. A bundle of financial information discharged on Friday demonstrated that the US economy is having the longest […]
Key Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging Stellar has been relatively slow in price movement. On December 17, the coin fell to a low of $0.042. In defense of the current low, the price pulled back to a high of $0.046. The price movement has been insignificant […]
GBPUSD Price Analysis – December 22 This pair has already entered the sellers’ area and reached the horizontal area at 1.2978. The new week might push the correction in the cable to lead prices towards 1.3150 level. Consequently, there could be further depreciation in GBPUSD over the medium term. Key Levels Resistance Levels: 1.3700, 1.3600, […]
Paul Gosar, a Republican member of the US House of Representatives, has submitted a bill that will provide regulatory “simplicity” to the cryptocurrency space in the US. The news was announced on the 19th of December by Forbes in a press release. The bill, which is tagged as the Crypto-Currency Act of 2020, will determine […]
Toplines: *The GBP / USD pair is at risk of extending its support in the near term at 1.2970. *GBP / USD Current Price: 1.3004 The GBP / USD pair reached multiple week low of 1.2978 and ended the week on the 1.3000 level, as uncertainty about Britain leaving the European Union increased the burden […]
Key Resistance levels: $3.0, $3.50, $4.0 Key Support Levels: $2, $1.50, $1.0 LINK/USD Long-term Trend: Bearish Chainlink has fallen to $1.85 after being resisted at the $3.0 price level. In retrospect, Chainlink was in a bull market in June when it reached a high of $3.50. However, the bulls were resisted at the coin nosedived to […]
