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.
Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS30USD is in a downward move and has fallen to the support of the 21-day SMA. The index faced rejection at the level 35000 resistance zone. Meanwhile, on April 16 uptrend, a retraced candle body tested the […]
EURCHF quickly recovered yesterday’s losses after hitting an eleven-week low of 1.0921. The bounce helped the currency outperform the on the 4-hour chart. The RSI bounced above the neutral threshold of 50 but is currently pointing down, while the stochastic is moving towards the overbought area. In a positive scenario, a successful close above 1.0915 […]
Palantir, a software and analytics firm, has joined the growing list of companies accepting Bitcoin (BTC) payments. The company made the announcement earlier today, adding that it was also considering holding Bitcoin or other cryptocurrencies on its balance sheet. As far back as 2018, Peter Thiel, the co-founder of Palantir, has been making crypto-related investments, […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF has been in a downward movement since March 4. The pair was rejected from the high of 1.1150. Today, the market has declined to a low of 1.0926. The pair has been making a series of lower highs and […]
ADA Price Analysis – May 11 When the bulls increase their momentum, the resistance level of $1.87 will be penetrated and the price may increase to the resistance level of $2.08 which may extend to $2.45 level. Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $1.64, $1.46 and […]
Key HighlightsLitecoin is in a downward move, approaching the $350 lowIt has a target price of $320 low Litcoin ( LTC) Current StatisticsThe current price: $359.37Market Capitalization: $30,202,613,550Trading Volume: $11,037,650,926Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis May 11, 2021Litecoin has been in a downward move since May […]
China continues to dominate the central bank-issued digital currency (CBDC) space as the People’s Bank of China ramps up its testing efforts. The bank announced recently that it ran a successful pilot program for the digital yuan in Suzhou City, where 181,000 individuals were given ¥55 ($8.5) in free digital yuan to spend at designated […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishThe pound rebounded above level 1.3800 and broke through the price levels. The bullish momentum has broken above level 1.4000 high. For the past three months, the Pound has been in a downward correction as bulls fail to break the […]
Today, the pound rises sharply, outperforming the Australian and New Zealand dollar. Amid good data on investor trust, the Euro is under intense selling pressure against the British pound and the Australian dollar. As per comments made by ECB chief economist Philip Lane, the central bank is still open to increasing asset purchases in the […]
