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: BullishFTSE 100 (UKX) is in an uptrend. The index rallied to the high of level 7400. For the past week, the index has been falling as buyers fail to keep price above the recent high. The market has fallen but above […]
The dollar index has risen to 96.24, just shy of the 96.35 peaks set in July 2020, but has since retreated slightly below the 96.00 level. Rising rates and optimistic sentiment have kept the greenback on the rise, while gold, surprisingly, has maintained its haven appeal, trading around $1,862/oz and acting as an inflation hedge. […]
S&P 500 Price Analysis – November 17 The S&P 500 has had a turbulent start to the week, fluctuating within the range of 4,650/4,720 zone amid the market sentiment. The index is now trading flat on the day, about in the midpoint of this range, a little under 4,700. Positive US macroeconomic data fueled a […]
Highlights Ethereum plunges to $4065 supportEther reaches an oversold region Ethereum ETH) Current StatisticsThe current price: $4,260.72Market Capitalization: $504,373,233,461Trading Volume: $23,640,023,009Major supply zones: $4,000, $4,500, $5,000Major demand zones: $3,500, $3,000, $2,500 Ethereum (ETH) Price Analysis November 17, 2021 Today, Ethereum’s (ETH) price has plunged to the low above $4000 support and pulled back. The recent […]
Following in the footsteps of Coinbase, Ripple (XRP) published a proposal for a regulatory framework for cryptocurrency dubbed “A Real Approach to Cryptocurrency Regulation” yesterday. The company explained that the proposal was its “vision for how existing financial regulatory frameworks can be used to advance innovation and enhance consumer and market protections,” elaborating that: “Today, […]
EURCHF Price Analysis – November 17 EURCHF breaks below the second critical support level as bears keep pushing the price downward. 1.05400 is the critical support level that is used by the bulls to attempt to halt market bearishness. Price dropped to the level on the first day of November and EURCHF began consolidating as […]
Key Resistance Zones: 35000, 35500, 36000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is above the moving averages. This indicates that the index has a chance of a further upward move. For the past four days, buyers are attempting to push the index to the previous high. In the […]
Key HighlightsLTC price slumps to $220 lowLitecoin reaches the oversold region Litecoin (LTC) Current StatisticsThe current price: $233.55Market Capitalization: $19,606,441,903Trading Volume: $4,066,241,240Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis November 16, 2021Since November 10, Litecoin’s (LTC) price has been in a downward move. LTC price fell to the […]
GBP has risen sharply today, aided by strong job data that has allayed concerns about the impact of the end of the furlough plan. The USD is also strong, thanks to higher-than-expected retail sales. The euro is attempting to recover some of its losses, but it remains weak due to dovish ECB views. Commodity currencies, […]
