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.
XRP/USD Market February 02 If the bulls were able to increase their momentum and break up the $0.39 level, then, $0.49, $0.62 will be the next target. Should the resistance at $0.39 holds, the price may continue consolidating at the $0.39 level. However, below the current market price are $0.28, $0.21, and $0.17 support levels. […]
Eurozone GDP contracted -0.7% QoQ in Q4, which is less than expected -1.8% QoQ. Over the year, GDP contracted -6.8% y/y. EU GDP contracted 0.5% QoQ. Over the year, EU GDP contracted by 6.4% y/y. Among the EU member states for which data for the 4th quarter are available, the largest decrease compared to the […]
21Shares, one of the world’s largest cryptocurrency exchange-traded products (ETPs), is releasing the very first Polkadot (DOT) ETP. The company announced earlier that the new product might get listed on the Swiss SIX exchange on February 4, 2021. The new ETP is coming just after Polkadot got added to 21Shares’ top ETP product Crypto Basket […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is making an upward move after falling to the low of level 21500. After consolidating above level 21500 for four days, the index resumed upward. The price is likely to retest the level 23000 and break it. […]
USDCHF Price Analysis – February 2 The USDCHF for the 3rd day in a row continues to move with an upward surge toward the 0.9000 level. In doing so, the pair marked reversal from the sub 0.8900 zones as the US dollar index extends rally beyond 91.00 giving a boost for the USDCHF pair. Key […]
S&P 500 Price Analysis – February 2 The S&P 500 holds past 3800 levels as upside traction prints fresh highs in the mid 3800 vicinities to maintain the immediate threat of a higher spike. The index had opened positively on Tuesday amid surging oil prices with Energy Index up nearly 2% after the opening bell. […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is fluctuating between levels 0.7100 and 0.7300. Following its rejection at level 0.7300, the pair has been fluctuating since January 6. The Kiwi will resume an uptrend if level 0.7300 is breached. Meanwhile, the market is consolidating above […]
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 has continued its rally. 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 high of level […]
The Nasdaq 100 (NDX) recorded a whopping 2.65% climb yesterday, paring back most of the losses it suffered last week. Although price action can still be seen in the new retail traders’ favorites like GameStop and AMC, a significant decline in short interest surrounding these stocks has put the markets in a different landscape compared […]
