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.
XAGUSD Price Analysis – August 22 In the prior week, the XAGUSD pair swung to the downside, hitting a daily low of $22.87. The dollar was the strongest currency across the board, but by the end of the week, it had lost some momentum. However, Silver is down for the fourth session in a row, […]
According to local reports, the temporary ban on cryptocurrency mining instilled in the industry earlier this year by the Iranian Ministry of Industries, Mining and Trade might get lifted soon. The announcement came from the Iran Power Generation, Distribution, and Transmission Company, Tavanir. In an interview with ISNA News, Mostafa Rajabi Mashhadi—the spokesman for the […]
Key HighlightsEthereum consolidates below $3,320 resistanceThe biggest altcoin targets level $3,863.67 high Ethereum ETH) Current StatisticsThe current price: $3,175.21Market Capitalization: $372,168,348,684Trading Volume: $15,651,734,389Major supply zones: $3,000, $3,500, $4,000Major demand zones: $2,500, $2,000, $1,500 Ethereum (ETH) Price Analysis August 22, 2021 Ethereum’s (ETH) price has been consolidating below $3,320 resistance for the past three days. On […]
Australian entrepreneur Fred Schebesta plans to give A$5 worth of Bitcoin (BTC) to Australians as an incentive for taking the COVID-19 vaccine. Given the population of Australia, Schebesta would distribute A$104 million (approx. 75 million USD) if the whole population gets vaccinated. The co-founder of the financial comparison website Finder made his intentions to reward […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move as price reaches the low of $61.92. The downtrend has been ongoing since July 6. On August 9, the WTI made an upward correction to $69 high which was repelled. This correction signal another round of […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36Polkadot (DOT) Price Long-term Trend: BullishPolkadot’s (DOT) price is struggling to break above the resistance at $28.50. A break above the recent high will catapult the crypto to the high of $35. Presently, buyers are attempting to break the recent high convincingly. However, DOT price is trading […]
The largest cryptocurrency exchange in America, Coinbase, plans on expanding its crypto holdings on its balance sheet with $500 million according to a recent announcement by the firm’s CEO, Brian Armstrong. Although he did not mention the cryptocurrency Coinbase currently holds our plans to acquire, he noted that 10% of all profits would go into […]
Today, the Canadian dollar is the worst-performing currency, and slightly weaker-than-expected retail sales numbers aren’t helping matters. The loonie is being dragged down by persistent oil price weakness, as well as the general negative sentiment. Retail sales in Canada rose 4.2% MoM to C$ 56.2 billion in June, below 5.0% MoM expectations. Sales increased in […]
GBPJPY Market Analysis – August 20 GBPJPY double top chart pattern has plunged the price back to the 149.350 support zone. The chart pattern was formulated after price recovered from a downward surge which sunk the coin well below the 149.350 key level. GBPJPY met support at 148.440 and moved up. Further support from 149.350 […]
