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.
USDCHF Price Analysis – May 25 USDCHF pair is still on track for daily losses. It is currently trading at 0.8955, down 0.17 percent on the day. For the time being, the pair tends to rangebound at the moment. As risk flows dominate the markets, the US Dollar Index continues to fall. If the price […]
South Korea’s central bank has indicated its resolve to implement a central bank digital currency (CBDC) at a slow but sure pace. According to a report by the Korea Herald yesterday, the Bank of Korea (BOK) is working on a virtual environment to allow for the evaluation, control, and testing of various stages of its […]
ADA Price Analysis – May 25 Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $1.46, $1.31 and $1.11. Increase in the bulls’ momentum will increase the price to the resistance level of $1.64, the bullish momentum may extend to the resistance level of $1.87 and $2.08 level. ADA/USD […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD pair has risen to 1.4250 and price is fluctuating below the resistance level. Since May 18, the pair has been retesting the resistance zone, Similarly, on February 24, the pair was repelled at the same resistance level and the […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishSince February 24, the currency pair has been in a sideways move. AUD/JPY has been facing rejection at the $85 resistance. In February and March, the upward moves were repelled. Meanwhile, on May 10, a retraced candle body tested the […]
The euro has begun the week on a high note. EUR/USD is currently trading at 1.2213, up 0.32 percent in the North American session. There are no economic releases from the eurozone on Monday since it is a national holiday in most of Europe. Nonetheless, the euro is gaining strength and has entered the 1.22-zone. […]
Ethereum Classic (ETC) has traded erratically over the past few weeks but appears to be witnessing a turn of events. Despite the recent announcement by China to ban crypto mining, which triggered a massive FUD-induced sell-off over the weekend, the ETC and the rest of the market have regained bullish momentum. Ethereum Classic slid lower […]
EURUSD Price Analysis – May 24 The EURUSD is stuck between February’s high of 1.2243 and a long-term restricting horizontal barrier line, which if broken would open the way to the top of a larger uptrend that began in March 2020. The EURUSD indecisive market lacks follow-through buying beyond 1.2245 barriers. Overall, the safe-haven USD […]
Reports show that over $400 billion left the cryptocurrency space over the weekend, in what has been one of the worst sell-offs in the crypto industry history. Total market capitalization trades around a multi-month low of $1.47 trillion in the early Asian session on Monday. The market correction sent the industry’s cap down by about […]
