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.
AUDUSD Price Analysis – March 19 The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move […]
USDWTI Price Analysis – March 19 Amid many attempts so far this Thursday to expand the recovery momentum beyond the $24 price level, WTI (oil futures on NYMEX) has entered a consolidated mode over the last few hours as investors evaluate the efficacy of the new global stimulus steps to counter the economic impact of […]
Fears about Bitcoin being banned in Russia seemed to be allayed when a top Russian apex bank executive categorically claimed in a study that Bitcoin can not be banned. Bank of Russia’s legal department director Alexei Guznov has been caught saying in a recent article that a ban on cryptocurrencies will be a Hercules mission. […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish France 40 index is in a downward move after breaking the 5500 support. The bears broke the support, then came back to retest that same level. The market dropped sharply to the low of 3732. Meanwhile, the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish On March 12, after an initial breaching of $50 to $48, the downtrend resumed to a low of $30. The price moved up and then resumed consolidation above the current support. The market is consolidating between $30 and […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Yesterday, the bulls took price to a high of $5,572 and were resisted. The $5,500 resistance is the upper price range of the current tight range. Today, the price is falling and approaching the lower price range […]
GBPJPY Price Analysis – March 18 The GBPJPY cross falls to fresh lows, about the current session-level of 127.00, although some levels have been recovered later. The new optimism over Tuesday’s £330 billion stimulus package from the UK government has been largely offset by increasing worries about the coronavirus pandemic’s economic effects. Key Levels Resistance […]
XAUUSD Price Analysis – March 18 Currently, Gold trades at $1,503 level per Oz, as at the time of writing, setting a session high of $1,546.42 level a few hours ago. The yellow metal has so far traded further within the $1,554 to $1,465 price range of the previous day. Despite the declines in US […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is still in a downtrend as the market reaches a low of 15283. The strong bearish signal has made the index to be in the oversold region. By default, buyers are to emerge to push […]
