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.
EURUSD Price Analysis – January 27 The EURUSD pair broke beneath after several hours of trending in the range while reaching the bottom at 1.1009, the lowest level since December 8. The dollar remains strong despite declining US yields amid risk aversion. Key Levels Resistance Levels: 1.1239, 1.1172, 1.1066 Support Levels: 1.0981, 1.0940, 1.0879 EURUSD […]
USDWTI Price Analysis – January 27 On Monday, there was no reprieve for the WTI barrel, as the price of the American benchmark for sweet light unrefined petroleum plunged to the level at $ 52.00 toward the start of trading, a similar price level that was last approached toward the beginning of October 2019. Key […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,200, 7,100, 7,000 FTSE 100 (UKX) Long-term Trend: Bearish Today, the FTSE 100 stock continues its downward fall after the resistance at 7700. The stock has earlier being resisted on January 20. The recent fall is a continuation of the resistance on January 20. Remember, the bulls […]
About 713 new blockchain businesses have been registered in China in January 2020 alone, bringing the total number of operational blockchain businesses in the country to 26,088. Based on a publication on the 26th of January by crypto data company LongHash, a total of 79,555 blockchain businesses have been registered in China, however, 57,254 of […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging After the rejection of price at $9,200, the downward move was extended to a low of $8,250. Analysts were of the opinion that Bitcoin will bounce if price falls and tests the low of $8,250. From every […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,000, 7,100, 7,200 FTSE 100 (UKX) Long-term Trend: Ranging FTSE 100 stock has been in a sideways trend since March 2019. The stock minimum value has been 7,100 since February 2019. Similarly, the stock has traded and reached a high of 7,700. In July, the bulls made […]
The Hawaiian State Senate has scaled the first reading of a bill that will authorize commercial banks to hold cryptocurrencies. The bill was submitted on the 17th of January by 5 senators. It scaled the first reading on the 21st of this month and was subsequently forwarded to the council tasked with consumer protection and […]
GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long […]
S&P 500 Price Analysis – January 26 S & P 500 exited prior session with a decrease of -0.27% to a level of 3,293.6. Regardless of the retreat, the continuous rally stays unabated. US stock indices generally exited at the previous session after the advent of the Chinese coronavirus. The Centers for Disease Control and […]
