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.
On-chain analytics platform Glassnode suggested in a recent report that Bitcoin (BTC) has hit its lowest level in the ongoing bearish cycle as network activity plummets on a lack of new users. Glassnode asserted that June was Bitcoin’s worst trying month in over ten years, adding that the benchmark cryptocurrency is near its bottom as […]
The Australian dollar surrendered early gains on Tuesday after the Reserve Bank of Australia (RBA) announced an expected 50 basis-points (bps) rate hike in the Australian session on Tuesday. Expectations of a Solid Australian Dollar Comeback Cut Short Analysts and traders had predicted a second consecutive 50 bps rate hike from the RBA. However, the […]
Due to the nature of cryptocurrency, crimes tied to this industry are difficult to detect or trace by traditional intelligence agencies. For this reason, some countries have channeled serious funding to special intelligence units to tackle new tech crimes. Brazil has become the latest of such countries. The Southern American—which has had its fair share […]
S&P 500 Price Analysis – July 05 In case the bulls’ pressure could not break up resistance level of $3832, price may face support levels at $3740, $3649 and $3573. S&P 500 may penetrate resistance level at $3832 upside, and further increase to the previous high at $3927 and $4019. Key levels: Resistance levels: $3832, […]
ADA Price Analysis – July 05 Ability to break down the $0.42 level by the bears may lead to decrease in price to support levels at $0.30 and $0.22 levels. Should the buyers exert more pressure on the market, the resistance level of $0.54 will be penetrated and the resistance levels of $0.69 and $0.90 […]
NZDUSD Market Analysis- Bears Are Leading the Market Towards 0.6000 NZDUSD bears are leading the market towards a major demand zone. The daily timeframe on NZDUSD has been extremely bearish since the beginning of March 2021. The market descended through a creek for a few months as it keeps maintaining a trendline across its highs. […]
Solana (SOL) Current StatisticsThe current price: $35.73Market Capitalization: $18,197,099,295Trading Volume: $1,181,805,638Major supply zones: $100, $120, $140Major Demand zones:$60,$40,$20 Solana (SOL) Price Analysis July 4, 2022 Solana’s (SOL) price is in a downward correction but it is unable to break the $44 high. In the previous price action, the bulls broke above the 21-day line SMA […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish EUR/JPY pair is trading in the bullish trend zone it recovers above level 142.00. Buyers are attempting to push the pair above the 21-day line SMA. The uptrend will resume if buyers breach level 144.25 overhead resistance. Meanwhile, on […]
Key Resistance Zones: 16000, 16500, 17000Key Support Zones: 13500, 13000, 12500 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in a downtrend as it is unable to sustain above 12100. The index price is making a series of lower highs and lower lows. On June 16, NAS100 made a lower low of 11030 and a lower […]
