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.
The USD has dropped sharply in the early US session following another disappointing NFP report. All of yesterday’s late gains have now been reversed. The Canadian dollar has also weakened as a result of weaker-than-expected job data. Other commodity currencies, on the other hand, are marginally strengthening. In other markets, US futures are rising on […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot has continued its downward move. Today, the altcoin has dropped to as low as $24.06. On May 29, the coin dropped to $20 low as bulls bought the dips. The crypto’s price corrected to $28 and was resisted. This caused […]
BNBUSD Price Analysis – June 04 In case the support level of $364 holds, the price will continue its uptrend movement towards the resistance level of $503 and $599. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of $364 which may decrease further […]
A recent study by Gambler’s Pick revealed that members of the Gen Z demographic are more likely to invest their money in cryptocurrency-related investments than traditional investment vehicles like equities. The study, published on gamerspick.com, was conducted towards the end of April. Generation Z, popularly known as Gen Z, is the demographic that succeeds Millennials. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has broken the previous price level to reach the high of $110.78. On May 3 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.0 […]
The dollar is marginally higher in early US trading after ADP jobs data came in much better than predicted. However, as traders remain cautious ahead of tomorrow’s non-farm payrolls report, the upside seems limited. The pound is the second most valuable currency today, followed by the yen. Commodity currencies, on the other hand, are generally […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move. The index price bars are above the moving averages which indicate a rise in the index. Presently, the index is facing resistance at level 7100. On May 4 uptrend, retraced candle body tested the […]
To tackle the ever-growing problem of ransomware attacks in the US, the Biden administration plans to enhance cryptocurrency tracking measures, according to Deputy Press Secretary Karine Jean-Pierre. This announcement comes amid several hacks on US-based companies. Ransomware attacks involve the infiltration of individuals or organizations to encrypt sensitive information. With that, these attackers render the […]
Uniswap Price Analysis – June 03 When the bulls’ pressure increase further to break up the resistance level of $30, the price may increase to the resistance level at $37 and $43 levels. In case the bears defend the resistance level of $30, Uniswap price may decrease to $26, $21 and $15 price levels. UNI/USD […]
