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: BullishUKX index is making an upward move. The index is rising to retest the overhead resistance at level 7200. If the bulls break the overhead resistance the upward move will resume. In the previous price action, the index has been in […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: BearishUSD/CAD downward move has reached bearish exhaustion as the market resumed upward move. Since July 20, the currency pair has been in a downward move as price fell to level 1.2525 and pulled back. Meanwhile, on July 19 uptrend; a […]
The European Commission introduced some legislative proposals on Tuesday to strengthen the European Union’s (EU) anti-money laundering and counter-terrorism (AML/CFT) rules. One part of the new proposal that stood out was the revision of the 2015 Regulation on Transfer of Funds “to trace transfers of crypto-assets.” The Commission explained that the proposal considers “new and […]
Key HighlightsEthereum price corrected upward to $1,915The altcoin may resume selling pressure Ethereum ETH) Current StatisticsThe current price: $1,904.81Market Capitalization : $222,445,288,235Trading Volume: $222,445,288,235Major supply zones: $2,800, $3,000, $3,200Major demand zones: $2400,, $2,200, $2,000 Ethereum (ETH) Price Analysis July 20, 2021 Following the bearish trend on July 20, Ether fell to $1,730 low and resumed […]
Ripple Labs and the United States Securities and Exchange Commission (SEC) have reportedly come to an “understanding” on the Hinman deposition. Both parties have agreed to postpone the former SEC executive’s testimony after achieving “substantial progress in narrowing and resolving the privilege issues.” Previously, the court handling the Ripple vs. SEC case gave both parties […]
STELLAR Price Analysis – July 21 The price will reach $0.14 and $0.10 provided the support level of $0.19 does not hold. In case the $0.19 holds, the price may increase to the resistance level at $0.30 and $0.35 if the $0.24 level permits. XLM/USD Market Key Levels: Resistance levels: $0.24, $0.30, $0.35 Support levels: […]
S&P 500 Price Analysis – July 21 S&P 500 index hit an intraday high of 4,345, up 0.30 percent on the day at the time of this post in an attempt to sustain the previous day’s recovery advances in the early hours of Wednesday. Covid numbers from Australia and the United Kingdom represent a severe […]
At the time of writing in today’s currency markets, the Dollar has surpassed the Yen as the most powerful currency. Despite modest improvement, the main focus in the financial markets remains shaky. The New Zealand Dollar is currently the worst, but it is catching up with others; Sterling is also weak, as the selloff in […]
The result of the ECB strategy review on July 8 has heightened the importance of this week’s meeting. The inflation target was changed to a symmetric 2 percent, allowing for a brief deviation. Given the considerable shift, no changes in monetary policy are envisaged in July. Only minor adjustments to the forward guidance are expected […]
