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.
NZDUSD Analysis – August 21 NZDUSD bears close their short positions towards the demand zone at 0.6060. The current trend in the market is bearish as prices make lower lows and higher lows. This bearish movement on the daily timeframe began after the change in the market environment on the 8th of April, 2022. NZDUSD […]
Mixed Factors have negatively affected the JPY, but propelled the USD/JPY during a moderate recovery in the request for the United States Dollar. The sudden increase in the US Treasury yield increases the US-Japan interest rate differentials. Also, some other positive risks upbeat burdened the JPY. Besides this huge difference in monetary policy between the […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend as it revisits the previous low at $83.76.The index fell to the low of $85.74 and pulled back. The upward correction is facing resistance at the 21-day line SMA. The 21-day line SMA has been acting as […]
Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: August 21 When the bulls exert more pressure, the resistance level of $169 may be broken upside, the price may increase to $185 and $203 resistance levels. In case the bears penetrate $142 price level, it may decline towards the support levels […]
Security-focused cryptocurrency exchange Gate.io has confirmed talks of adding Lucky Block – Guide, Tips & Insights | Learn 2 Trade (LBLOCK) to its fleet of listings in September. Lucky Block – Guide, Tips & Insights | Learn 2 Trade recently announced the completion of its V2 upgrade, adding that the new ERC-20 token requires no […]
A report released by the US Commodity Futures Trading Commission (CFTC) on Friday shows the market speculators’ net long positioning on the US dollar (USD) jumped in August, while net shorts on the euro (EUR) increased too. The report showed that the net longs on the greenback jumped to $13.37 billion in the second week […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downtrend as it drops below the $1,800 high. The bulls could not sustain the bullish momentum above the $1,800 high. XAUUSD fell to the low of $1,747.50 as it continued the downward move. On the […]
Technical indicators: Major Resistance Levels – $10, $12, $14Major Support Levels – $8, $6, $4 DOT/USD Long-term Trend: BearishPolkadot’s (DOT) price is in a downtrend as it holds above $7.00. On August 13, Dogecoin was repelled at the $9.68 overhead resistance as it declined to the low of $7.04.The crypto will further decline if the […]
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Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price is in a downtrend after the recent breakdown as it consolidates above $0.067. The crypto fell to the low at $0.067 and from the high $0.09 resistance zone. Today, buyers have pushed DOGE price above the 50-day line SMA […]
