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.
Reports show that Bitcoin (BTC) has shared a remarkable correlation with the stock market for about over a month now. Bitcoin currently trades around the $46,000 area, down by about 8% over the last seven days. This price decline comes amid several positive factors in the industry. Just last week, El Salvador officially kicked off […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend but the upward move is facing resistance at level $70. Since September 2, WTI has been in a sideways move as bulls fail to break above the $70 high. If buyers break above the resistance level, the […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BullishFollowing the recent breakdown, Polkadot corrected upward to $32.66. At the recent high, the altcoin faced another rejection. This caused the altcoin to fall to the low of $28.13. From the price action, the selling pressure is likely to continue on […]
EURJPY Price Analysis: Sept 10 After two consecutive daily pullbacks and fresh lows in the 129.70 range, EURJPY manages to return to positive territory today. However, for the 2nd day in a row, EURJPY buyers are battling the 130.00 zones. The longer downside pressures remain, the greater the likelihood of a correction to the downside. […]
Canadian dollar: On Friday, Canadian data revealed a larger-than-expected drop in the unemployment rate and net growth of 90K jobs. Despite the uncertainty produced by the COVID-19, the report revealed a very remarkable job creation, according to analysts at the National Bank of Canada. After better-than-expected job numbers, the Canadian dollar rose sharply in the […]
Ethereum Classic (ETC) and two other cryptocurrencies have made it to the Grayscale Investments trust basket. The largest digital asset manager recently added the Ethereum Classic Trust, Bitcoin Cash Trust, and Litecoin Trust to its list of SEC reporting products, bringing the total number of this basket to six. The announcement came from the firm’s […]
A new development in the ongoing Ripple vs. SEC Lawsuit has emerged and could lead to a final verdict in the case. The defendant’s first request for admission (No. 99) to the US Securities and Exchange Commission, attached to the recent court filing, revealed arguably the most critical information for the lawsuit. The document revealed […]
GBPJPY Price Analysis – September 10 GBPJPY enters into a ranging territory after forcing itself past the 151.390 key level. Using the 150.690 key level as support, the market has been making advances to break above this key level for the past 5 trading days. Finally, on the 1st day of September, Price successfully executed […]
BNBUSD Price Analysis – September 10 The price may bounce up away from the support level of $420 provided the level holds, bullish trend may continue towards the $433, $503 and $599 levels. Should the support level of $420 is broken down by the bulls, then $364 and $311 levels may be tested. BNB/USD Market […]
