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.
Today, the dollar’s decline accelerates as risk-on appetite returns to the markets. The yen is the second weakest currency. The biggest winners at the moment are European majors. Commodity currencies are lagging a little. Other markets are marginally higher, with European indices trading slightly higher and US futures pointing to a higher close. Due to […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move. The pair is facing rejection at the high of level 1.1150. The currency pair has fallen to the low of level 1.0926. It corrected upward but it is being resisted at the 21-day […]
New reports show that roughly 9 out of 10 Bitcoin (BTC) mining pools support the Taproot activation. This network upgrade could significantly improve the Bitcoin network scalability and privacy features. However, considering that Bitcoin is in a Difficulty Epoc, an upgrade seems unlikely. BTC.TOP became the latest mining pool to endorse the Taproot upgrade and […]
Behemoth accounting firm Ernst & Young Global Ltd. has joined the growing list of large corporations investing in crypto and blockchain technology. The firm announced yesterday that it has invested $100 million into engineering and developing distributed ledger technologies (DLT). Ernst & Young unveiled its second-generation (G2) smart contract and token review tools using its […]
USDCHF Price Analysis – May 18 Early in the European session, the USDCHF pair slips beneath 0.8998 to multi-month lows, with sellers now looking to expand the downward trend below the 0.8950 low level. The decline was fueled solely by sustained US dollar sellers, as Investors’ risk aversion boosts demand for safe-haven Franc. Key LevelsResistance […]
Key HighlightsLitecoin resumes an uptrend above $275 supportThe altcoin faces rejection at level $310 Litcoin ( LTC) Current StatisticsThe current price: $306.30Market Capitalization: $25,869,734,534Trading Volume: $6,852,822,773Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis May 18, 2021Litecoin has been in a downward movement since May 10. LTC/USD has fallen […]
ADA Price Analysis – May 18 Increase in the bulls’ momentum will increase the price to the resistance level of $2.30, the bullish momentum may extend to the resistance level of $2.51 and $2.72 level. Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $2.08, $1.87 and $1.64. 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 is rising upward. However, the upward move is facing resistance on the upside. Recently, the currency pair was resisted on May 11 as the Pound fell to level 1.4050 low. Today, the Pound is rising to retest the resistance […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishOn May 10, the currency pair reached a high of level 86.00. However, the bulls could not sustain the bullish momentum above level 86.00. For the past week, the pair has been in a downward move. The pair fell to […]
