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.
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 (UKX) is in a downward move after rejection at level 7400. The downtrend has reached bearish exhaustion. The index rebounded above level 7005 and it is approaching the high of level 7220. There is a likelihood of the index […]
Aussie was boosted by better-than-expected GDP figures. However, any news on Omicron might re-ignite volatility. Australia’s GDP contracted by -1.9% QoQ in the third quarter, better than expected by -2.7% QoQ. Over the year, GDP grew by 3.9%. Global stock markets are recovering marginally today, with concerns over Omicron remaining stable for the time being. […]
S&P 500 Price Analysis – December 1 The S&P 500 index has dropped below 4,600 one more time from an intraday high of 4,653 reached in the day. On the first trading day of the month, the index fell 0.32 percent, putting the S&P 500 on track for a corrective pullback under the 4,550 level. […]
HighlightsEthereum rebounds, breaks above the moving averagesEther revisits its previous high of $4,820 Ethereum ETH) Current StatisticsThe current price: $4,692.36Market Capitalization: $556,339,223,220Trading Volume: $28,885,870,161Major supply zones: $4,000, $4,500, $5,000Major demand zones: $3,500, $3,000, $2,500 Ethereum (ETH) Price Analysis December 1, 2021 Ethereum’s (ETH) price has regained bullish momentum as Ether broke above the moving averages. […]
Following a recent network issue, it has become more pressing for Ripple to implement improvements on its “Trust Line” on the XRP Ledger (XRPL). Yesterday, two XRP nodes operated by Ripple, “s1 and s2,” broke synchronization with the network. The break lasted for over five hours, with users of non-custodial wallets like Xuum and xrplcluster.com […]
Key HighlightsLTC price rebounds above $182 Litecoin is in the bearish trend zone Litecoin (LTC) Current StatisticsThe current price: $213.02Market Capitalization: $17,893,842,428Trading Volume: $2,126,017,148Major supply zones: $200, $220, $240n the Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis November 30, 2021Litecoin’s (LTC) price has been in a downward move. The downtrend has reached […]
Key Resistance Zones: 35000, 35500, 36000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS30USD is in a downward move as price breaks below level 34429. The price corrected upward but faces rejection at the 50-day line SMA. The index is consolidating above level 34400 for a possible upward move. If […]
STELLAR Price Analysis – December 01 An increase in the buyer’ pressure may break up the resistance level of $0.35 which may increase the price to the resistance level at $0.42 and $0.48. In case the bears interrupt the bullish movement by defend $0.35, then, price may continue to decrease towards the support levels at […]
NZDUSD Price Analysis – November 30 Price cracks through the support level of 0.68200 in the Kiwi market. NZDUSD price system has been in a downtrend for a long time. The market system has been stacked in favor of the bears, and market sellers can keep Kiwi in a downward trend. As a result of […]
