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.
EURJPY Price Analysis – December 10 The EURJPY pair recovers from lows on Friday to trade at 128.40 intraday high level. After finding buyers around the 127.81 level during the day, the pair appears to be on track to conclude the week approximately 0.17 percent higher. As attention shifts to next week’s ECB meeting, pandemic […]
Wednesday was a significant day for the cryptocurrency industry as top members and executives in the cryptocurrency community met with US Congress to deliberate on the industry. Some of the top cryptocurrency representatives included crypto firm CEOs from Bitfury, Circle, FTX, Coinbase, Stellar, and Paxos. These members held a 5-hour-long hearing with Congress. Every testimony […]
Ethereum (ETH) gas fee just hit its lowest point in over six months. The network transaction fee dropped rapidly to 35 gwei earlier today before jumping back to 67 gwei. This comes despite the recent announcement that the blockchain would shift its highly-anticipated proof-of-stake (PoS) consensus mechanism upgrade to June 2022. Ethereum has come under […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price has fallen to $26 low as the altcoin rebounds above the current support. The $26 support is the historical price level of September 28. In September, the altcoin rebounded above the current support to reach the previous highs. […]
BNBUSD Price Analysis – December 10 Should the bulls defend the support level of $540, the price may breakout at $599 level, continue its uptrend movement towards the resistance level of $678 and $758. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of […]
GBPJPY Price Analysis – December 10 Market decision awaits as GBPJPY embarks on a second consolidation phase. On the 26th of November, the price dropped from a previous consolidation which formed after it landed on a strong support level at 152.330. Bypassing several key levels, it landed at the strong monthly support level of 149.240. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) has been consolidating above level $1761 support since December 2. The current downtrend has reached bearish exhaustion. Gold has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. Besides, […]
The U.S dollar is slightly higher during the US session, bolstered by an unexpectedly positive unemployment claims report. Risk-on rallies in the stock markets, which are also losing steam, help strengthen the Yen slightly. So far this week, the biggest performer has been the Australian dollar, followed by other commodity currencies. The worst currencies are […]
AUDUSD Price Analysis – December 9 The AUD/USD pair continued its steady intraday decline throughout the session, dropping to a new daily low at the time of analysis around the 0.7140-35 level. The advent of fresh US dollar demand was a crucial element that placed pressure on the AUDUSD pair as markets looked beyond better […]
