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 Central Bank of Nigeria disseminated a memo earlier, expressing their intentions to place a ban on Bitcoin (BTC) and cryptocurrency transactions in the region. In 2017, the Director of Finance and Policy Regulation of the bank, Kevin Amugo, endorsed a document warning against the illicit use of Bitcoin and other cryptocurrencies in money laundering […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has resumed a downward move after a week of fluctuation below level 29000. Since January 14, the bulls have not been able to break the resistance at level 29000. This will result in the downward movement of […]
The US dollar fell sharply at the start of the American session after much less-than-expected growth in non-farm payroll, although unemployment fell markedly. The loonie is under some pressure today after more than expected job cuts. But the yen is in second place after the dollar as the weakest. The Australian dollar and euro are […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BearishSHCOMP continues its downward move. On January 29 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that SHCOMP will decline to level 1.618 Fibonacci extension. That is the low of level […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY is likely to decline because of rejection. On January 11 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates the Yen is likely to rise to level 2.0 Fibonacci extensions. This is the […]
Futures tracking the Nasdaq 100 (NDX) and the S&P 500 (SPX) saw record-high figures on Friday, as risk asset investors expect goodish jobs report to confirm that the worst of the labor market crisis is over, alongside additional economic stimulus. The Labor Department is likely to report that the US economy grew by 50k jobs […]
EURJPY Price Analysis – February 5 The EURJPY pair has attempted to trade lower early during Friday’s European session but was held by the 126.09 level. The pair has remained stuck while extending its sideways trading as the risk-on market weighs the Japanese Yen. JPY was weighed on amid another day of gains for global […]
USDCHF Price Analysis – February 5 The USDCHF pair refreshes multi-day top early in the European session at 0.9045 level as upside traction unrelenting towards positive zones so far. The market mood is upbeat amid NFP and optimism about the Vaccines, stimulus, and US economy. Key LevelsResistance Levels: 0.9304, 0.9187, 0.9093Support Levels: 0.8998, 0.8858, 0.8757USDCHF […]
Key Highlights BCH will resume an uptrend if the $470 resistance is breachedThe coin fluctuates between $400 and $470 Bitcoin Cash (BCH) Current StatisticsThe current price: $428.37Market Capitalization: $8,995,784,996Trading Volume: $4,433,417,630Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis February 5, 2021 Bitcoin Cash is rising after […]
