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.
BNBUSD Price Analysis – June 11 In case the support level of $311 holds, the price will continue its uptrend movement towards the resistance level of $364, $420 and $503. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of $311 which may decrease […]
EURJPY Price Analysis – June 11 The EURJPY currency pair is driven by downside pressure during the European session into the American session at the close of the week. During Friday’s trading, the exchange rate declined by 57 pips at the time of this post. The pair may continue to lose ground versus the Japanese […]
The Ethereum Classic (ETC) Network is ready to undergo an upgrade by the end of July. The upgrade termed ‘Magneto’ will occur at block 13,189,133, predicted to occur on July 21. The Ethereum Classic team announced that the Magneto Upgrade would include ECIP-1103, just like Ethereum’s (ETH) Berlin upgrade. The Berlin upgrade got integrated into […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishSince May 10, DOGE’s price was in a downward move. The upward correction is facing rejection at the high of $0.45. DOGE price has broken below the moving averages which suggest a further downward movement of prices. The crypto’s price is falling […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move as it reached the high of level 7088.19. The index has been trading consistently above the moving averages. This has made it continue to rise on the upside. Meanwhile, on April 19 uptrend, retraced […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.1900, 1.1800, 1.1700 USD/CAD Price Long-term Trend: RangingUSD/CAD is in a range-bound move since May 10. The currency pair has rebounded to break above the 21-day SMA. The pair will resume an uptrend if price breaks above the 50-day SMA. The market is presently fluctuating between levels […]
There isn’t much to be surprised about at the European Central Bank meeting. In terms of economic events, the staff revised headline inflation forecasts for this year and 2022 substantially, notwithstanding the belief that recent increases in prices were driven by temporary reasons. All monetary policy instruments remain unaltered. Amid fears about tighter financial conditions, […]
AUDUSD Price Analysis – June 10 The AUDUSD is holding its gains but stays underneath the 0.7775 level, increasing 0.36 percent to 0.7756 at the time of writing from a low of 0.7717 and slightly below the day’s high of 0.7763. The AUDUSD is stabilizing underneath the 0.8000 high, with a little noticeable upward thrust. […]
President of El Salvador Nayib Bukele recently revealed that the country is exploring ways to mine Bitcoin using energy from its volcanoes. The charismatic leader announced via Twitter on Wednesday, noting that: “I’ve just instructed the president of La Geo (our state-owned geothermal electric company) to put up a plan to offer facilities for bitcoin […]
