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.
XAGUSD Price Analysis – May 16 At the end of the prior session, the white metal turned positive away from weekly lows of $26.72 and shot to two-day highs, around $27.48 level. XAGUSD trend appears to be stacked in favor of buyers, implying that further advances are likely. Following worse-than-expected US results, the dollar fell […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingPresently, NZD/USD is an upward move. The Kiwi is rising on the upside. The uptrend is approaching the resistance at 0.7300. Since April 28, the pair has been fluctuating between levels 0.7150 and $0.7300. However, the overhead resistance at level […]
SafeMoon (SAFEMOON), one of the most talked-about cryptocurrencies of late, has taken the market by storm since its launch in April. According to CoinMarketCap, the cryptocurrency is trading up at +964%, from its April open, and is ranked 202 based on market capitalization. SafeMoon is the latest crypto to witness a massive spike in interest […]
The charismatic founder of Bridgewater Associates, Ray Dalio, has warned that the success of Bitcoin (BTC) and other cryptocurrencies could become a big anchor at the Wall Street Journal “Future of Everything Festival” last week. The Bridgewater founder noted that: “Its own biggest risk is its success because as a store hold of wealth, no […]
Key HighlightsEthereum retraces and finds support above $3,600The upward move is facing rejection at $3,900 Ethereum ETH) Current StatisticsThe current price: $3,847.20Market Capitalization: $445,902,612,510Trading Volume: $40,196,938,842Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis May 16, 2021 Ethereum is in a downward correction after its rejection from the $4,400 […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI price has risen to level $66 but could not continue with the uptrend. The market is retesting the resistance level of March 8. Since March 8 that level has not been broken. Meanwhile, on February 24 […]
After some disappointing retail sales numbers, the dollar is under selling pressure. US futures have also given up some of their earlier gains and seem vulnerable. The yen is the second weakest currency after the dollar, although commodity currencies, along with the Euro, are the strongest. The question now is whether the Dollar’s fall can […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. Buyers have broken the previous resistance at level 153.41. Presently, the uptrend has reached a high of level 154.14. On April 6 uptrend a retraced candle body tested the 38.2% Fibonacci retracement level. The […]
Popular fintech payments processor Square has announced that it would no longer purchase more BTC in the foreseeable future. The latest decision got communicated by the Chief Financial Officer of Square, Amrita Ahuja, in an interview with Financial News. The CFO stated that: “We don’t have any plans at this point to make further purchases. […]
